Savers with money in Northern Rock will lose the government's 100% guarantee on their deposits in three months' time.
The guarantee was introduced in the autumn of 2007 as the Government sought to stabilise the bank, reports the BBC. The Government said the change will take place on 24 May. Savers will still benefit...
Likelihood of 30 January rate cut rises
Misuse of audio feed
Liquidity mismatches in open-ended funds, such as that seen in the property sector and in the case of the Woodford Equity Income fund, poses a threat to financial stability and could “amplify shocks in the financial system”, the Bank of England (BoE)...
Services sector behind 'strong July'
The Pro Adviser Podcast
Following Bailey's BoE role