Bank of England

The number of approved mortgages fell for the seventh consecutive month in December, according to the Bank of England.

The Treasury Select Committee has proposed giving powers to deal with failing banks to a single member of the Tripartite Authorities as part of a report into the near collapse of Northern Rock.

The Bank of England's Monetary Policy Committee (MPC) voted 8-1 to keep interest rates on hold it was revealed today.

The Bank of England's decision to hold interest rates at the beginning of the year could risk the UK economy, according to Assetz chief executive Stuart Law.

December's cut in interest rates has had no effect on fixed-rate mortgage deals, with the average fixed-rate actually rising by 0.01%, according to Moneysupermarket.com.

The hedge funds challenging Northern Rock's directors, RAB Capital and SRM Global, have been largely defeated in today's extraordinary general meeting (EGM).

Northern Rock shareholders are to attend an Extraordinary General Meeting (EGM) tomorrow to discuss the bank's future.

Northern Rock has today agreed to sell £2.2bn of mortgage assets to investment bank JP Morgan.

The Bank of England's Monetary Policy Committee (MPC) has voted to keep interest rates steady at 5.5%.

Defaults on mortgage payments are expected to increase over the next three months, the Bank of England warns today.