Customers with fixed rate mortgages are paying nearly twice the cost to lenders of funding on the money markets, according to Moneyfacts.

The US Government's move to re-capitalise banks instead of purchasing toxic assets has "clearly helped stabilise" its financial system, Hank Paulson says.

The FTSE has climbed 9.76 points (0.23%) to 4191.78, despite disappointing losses in US and Asia overnight.

Prudential has announced it will cut final bonuses on its with-profits policies due to the sudden market downturn.

The Competition Commission (CC) has come under intense criticism today after proposing a ban on point-of-sale payment protection insurance (PPI).

The main challenge for public pension reform is encouraging low to middle income workers into saving for retirement, research from B&CE Benefit Solutions suggests.

Barclays was trying urgently to renegotiate the terms of its £7bn fund raising on Wednesday night following a bitter shareholder revolt over the terms offered to its Middle Eastern investors, The Telegraph reports.

Germany, Europe's largest economy, has officially entered a recession for the first time in five years after its GDP fell 0.5% in the third quarter.

Exeter Friendly Society has launched a private medical insurance (PMI) product in response to consumer and adviser demand.

ETF Securities has announced the launch of 13 new exchange traded funds (ETFs) on the London Stock E...