Inter-bank lending rates have hit their highest point for more than seven years last night despite intervention from central banks, according to the British Bankers' Association (BBA).

SYH Charterhouse has extended its range of equity release products as it re-launches as a total equity release specialist.

Barclays Wealth is set to launch two Defined Returns plans designed to offer investors in unprotected equities greater security in a turbulent market.

Paaleads.com has announced it will reduce minimum bid prices on some moneysupermarket.com mortgage leads.

The FSA has said it is "escalating" its regulatory intervention to tackle poor PPI sales practices.

The IMA has rebuked the FSA's call for authorised funds to continue to publish Reduction In Yield (RIY) information.

The number of mortgages available in the UK has fallen by 11% in just one day, according to Moneyfacts.co.uk.

London and European markets calmed down in mid-morning trading after the sharp opening decline driven by the rejection of the US $700bn bank bail-out plan.

A senior banking executive died yesterday from injuries sustained after he tried to break up a street fight during a night out, reports The Times.

New Alliance Trust chief executive Katherine Garrett-Cox has announced a review of "all aspects" of the business after it posted pre-tax losses approaching £95m in the six months to 31 July.