Banking & Financial News

Financial Times - UK Homepage
Financial Times - UK Homepage

UK house prices on downward trend
UK house prices fell in August for the second month in a row, marking the first back-to-back house price declines since February 2009, according to a closely watched index
RBS cuts further 3,500 jobs
Royal Bank of Scotland is axing another 3,500 jobs, taking to almost 27,000 the number of staff cut since Stephen Hester took over as chief executive of the troubled UK bank
Trichet raises eurozone growth forecast
Official borrowing costs in the eurozone have been left at record lows for the 16th consecutive month as the European Central Bank sticks to its cautious stance on the region?s economic prospects
Rally pauses as traders revisit mixed data
European bourses are treading water as traders take a more critical view of the previous session, which saw US and China factory data power a move into risk
Obama makes big push on Mideast talks
The US president declared that ?the hard work is only beginning? after he held one-on-one meetings with the Israeli and Palestinian leaders, as his administration embarked on its most concerted effort yet at brokering peace in the region
Supertax on bankers failed, says Darling
The former chancellor admitted that Britain?s levy on bonuses had failed to change banking behaviour over pay, as ?imaginative? financiers devised ways to avoid it
Apple raises stakes in TV battle
The digital entertainment company made its most serious bid yet for the internet-connected television market, slashing the price and size of its AppleTV product by more than half
Rivals leave next Labour leader a conundrum
Blair and Brown may now have left the stage, but the argument between them has not been resolved, and whoever wins the party leadership cannot avoid it
Hague denies relationship with staff member
William Hague issued a statement on Wednesday afternoon rejecting rumours about his sexuality as a special adviser resigned over ?untrue and malicious? allegations about the two men
Flaming Ferraris force recall of 458 Italia
A division of Italy?s Fiat group is recalling all 1,248 cars of the 458 Italia model after reports that five of the supercars caught fire because of glue in the wheel-arch leaking on to the exhaust

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