Bank of England

Northern Rock may have received another bailout from the Bank of England, according to New Star economist, Simon Ward.

House price growth remained steady at around 11% per year in August, according to Assetz composite house price index.

Close Mortgages, the mortgage arm of Close Brothers, has today suspended its applications process.

Savers are demanding an increase in the level of compensation paid in the event of a bank going bust, research suggests.

Weekly balance sheets released by the Bank of England (BoE) may reveal the size of an emergency loan supplied to Northern Rock, an economist suggests.

Mervyn King, governor of the Bank of England, says legislation and regulation have made the crisis in the banking industry more difficult to deal with.

The Bank of England has done a U-turn by injecting £10bn into the money markets to lower three-month inter-bank interest rates.

Most homeowners would not consider selling their property if house prices were to fall, and some would even consider buying more property, according to a report from the Building Societies Association (BSA).

An attempt to organise a takeover of Northern Rock was underway last night, according to The Times , as regulators, government and bank officials sought to rescue Britain's fifth largest mortgage lender before panic among its customers leaves it beyond...

A further rise in UK interest rates is possible this year if the risks of inflation remain on the upside, according to Abbey International.