Daily Telegraph Personal Finance
Personal finance news, how to make money, how to save money
Personal finance news including expert tips on how to make money, save money and look after your personal finances from telegraph.co.uk
Sale and rent back market shut down after regulator's review
The Financial Services Authority has effectively shut down the "sale and rent back" market after it found deals being offered were "unaffordable or unsuitable and never should have been sold".
Investors lose faith in equities
Investors halved their exposure to shares last year.
Reader wins back £2,000 after Shanghai fraud
Telegraph troubleshooter Jessica Gorst-Williams secures payout for credit card fraud
Most sale and rentback customers mis-sold says FSA
The Financial Services Authority has said most sale and rentback (SRB) transactions should not have been sold.
The investment fund that is guaranteed to lose you money
Pension savers who hold money in Clerical Medical's Cash Pension are being charged more in fees than their money earns in interest.
Fraudsters find new way to raid your bank account
Users of online banking have been warned about new methods of fraud which can dupe security.
Top 10 burglary blackspots revealed
Moneysupermarket.com has analysed millions of home insurance quotes to reveal burglary hot spots.
Chinese save four times as much as Britons
The average household in China has four times more savings than the average household in the UK, new research shows.
Chinese save four times as much as Britons
The average household in China has four times more savings than the average household in the UK, new research shows.
Gold will rise against 'heavily debased' currencies
Troy's Francis Brooke began buying gold at $450 an ounce.
More bank staff steal from customers
Dishonest actions by staff to gain a benefit by theft or deception had risen 41pc in twelve months, according to CIFAS, anti-fraud organisation.
Tax deadline day: tips for filing your tax return
Tax deadline day falls two days late this year. Here are some tips if you haven't got around to filling in your return yet:
Millions of Britons have unclaimed loyalty points worth hundreds of pounds
Boots said that thousands of its Advantage customers have more than £260 sitting on their cards.
Tax deadline day: Q&A
It's tax deadline day with just hours to go before time runs out to fill in your tax return. Here is what you need to know:
Taxpayers have saved more than £10m as self-assessment deadline extended
Around 100,000 taxpayers have taken advantage of the two-day extension to the self-assessment deadline.
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New York sues banks over electronic mortgage system
(Reuters)
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
NY's Schneiderman sues banks in foreclosure effort
(AP)
AP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures.
Goldman to face mortgage debt class-action lawsuit
(Reuters)
Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
If Japan Is Our Worst-Case Scenario, We're All Right
(The Motley Fool)
The Motley Fool - In 1991, former MIT dean Lester Thurow wrote that "If one looks at the last 20 years, Japan would have to be considered the betting favorite to win the economy honors of owning the 21st century."
Analysis: Obstacles high for more mortgage prosecutions
(Reuters)
Reuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
Rate on 30-year mortgage falls to record 3.87 pct.
(AP)
AP - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
3 investments for an era of low interest rates
(AP)
AP - The Federal Reserve is making it increasingly hard for investors to earn anything, unless they're willing to accept plenty of risk. Ben Bernanke and his Fed are playing the role of adviser, encouraging Americans to get a little more adventurous by shifting savings out of low-yielding bonds and putting it to work in stocks.
Wynn's 4th-qtr profit up 67 pct as revenue climbs
(AP)
AP - Wynn Resorts Ltd. said Thursday that revenue growth in its Macau and Las Vegas casinos and a sizable income tax gain helped drive profit up 67 percent in the last three months of 2011.
Sallie Mae will credit $50 fee to suspend payments
(AP)
AP - Private student lender Sallie Mae is changing how it handles a fee it charges struggling borrowers who seek to temporarily suspend payments.
Summary Box: Sallie Mae changes policy on loan fee
(AP)
AP - THE NEWS: Private student lender Sallie Mae is changing how it handles a fee that struggling borrowers must pay to temporarily suspend payments.
Mortgage rates for the past 52 weeks, at a glance
(AP)
AP - Mortgage rates for the past 52 weeks, at a glance
Obama plan to lower mortgage payments could help, but how much?
(The Chr...
The Christian Science Monitor - President Obama fleshed out a new mortgage-relief plan Wednesday, saying the steps he outlines would "help millions of responsible homeowners" and the US economy.
Did Freddie Mac Want You to Fail?
(ContributorNetwork)
ContributorNetwork - COMMENTARY | I have been telling my friends lately that I hate banks and insurance companies. It seems I now have a bit more ammunition. ProPublica and NPR News recently uncovered disturbing news. Freddie Mac, a mortgage company controlled by the government, has made investments that will be worth more if homeowners are unable to refinance their mortgages.
Credit Suisse exec charged in NY mortgage probe
(AP)
AP - A Credit Suisse executive who was once slated to receive nearly $7 million in compensation in 2007 is among three of the company's former employees to be criminally charged.
Exclusive: Mortgage deal would give states enforcement clout
(Reuters)
Reuters - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
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