Bank of England

The chief executive of Goldman Sachs yesterday called the mounting public fury over bankers' pay "understandable and appropriate", reports the Independent.

Bankers blamed for the global financial crisis will see their pay packages limited under a blueprint for steering the international economy towards recovery, according to the Independent.

Mortgage repayments outstripped new lending for the first time since records began in July, figures from the Bank of England (BoE) show.

A former Bank of England employee has replaced Sheila Nicoll as FSA director of retail firms.

A total of 80% of mortgage applications were approved in July, representing a 10% increase on the start of the year.

Mortgage rates have only fallen slightly despite record cuts in interest rates, according to research from moneysupermarket.com.

Mervyn King was outvoted by fellow policymakers in his attempts to pump even more money into the economy this month.

The UK faces a slow recovery from recession as the financial crisis continues to impact on public and private spending, according to the Bank of England.

Investors are braced for their dividend income to fall by 13% this year as Britain's quoted companies horde cash to ride out the recession, reports the Guardian.

Millions of investors in with-profits endowments, pensions and bonds who thought the market's rebound might enhance their returns had their hopes dashed last week, according to The Times.