The Government has told Northern Rock it should no longer attempt to get rid of mortgage lenders, as part of its latest package of measures to support banks and help borrowers.

The mystery surrounding Bernard Madoff's $50bn Ponzi scheme deepened further last night as it emerged there was no evidence the alleged fraudster traded a single share on behalf of his clients, reports The Guardian .

The FTSE climbed 73.15 points (1.76%) to 4,220.21 shortly after opening this morning as Barclays soared 19.80p (20.20%) to 117.80 on the back of claims its earnings will beat forecasts and the Government's plans to inject billions more pounds into UK...

The Government has today announced a new bank bailout, financed by the taxpayer, as part of a last ditch attempt to get banks lending to customers again.

The Royal Bank of Scotland is set to record losses of up to £28bn for 2008 as the Government announces plans to take its stake in the ailing institution to about 70%.

Mortgage network HomeLoan Partnership is to launch a raft of new initiatives for brokers at its member forums in Manchester and Guildford next week.

Much of the trade press makes for amusing reading at the moment as we are at that time of year again when some of our industry's leading fund managers look to predict where the FTSE100 index will finish by the year end. This year however things are somewhat...

Investec is launching its 1 Year Range Deposit structured products into the retail market.

Skandia Investment Group (SIG) has added Newton's European Higher Income to its European Equity Blend vehicle and introduced Schroder's US Small & Mid Cap fund to its US Equity Blend offering.

Offshore savers' deposits in Anglo Irish Bank International will be fully protected as the Irish Government nationalizes its troubled parent.