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Building societies and overseas banks targeted in new tax probe
A fresh onslaught on offshore tax evasion is to be mounted by Revenue & Customs early next year

Rents hit by surge in supply of homes
Residential rents fell for the first time since April 2003 in the three months to October as the supply of properties to let surged, according to the latest survey from the Royal Institution of Chartered Surveyors

FT.com | The Economists Forum | Money market on strike

Post Office could offer current accounts
The public will be able to open current accounts at post offices for the first time under plans being pushed by the government.

FSA lowers customer fairness bar
The City watchdog is folding the long-running TCF initiative into normal prudential supervisory visits a move that will save it what it admitted was ‘resource intensive’ work

What is a Money Market?

Jobless level highest since 1997
LONDON (Reuters) - Unemployment rose to its highest level in more than a decade in the three months to September as the economy tips into recession, official data showed on Wednesday.

Buy-to-let troubles linked to new rules
A study finds that roughly half of outstanding buy-to-let mortgages show higher levels of arrears than those packaged earlier, before underwriting standards were relaxed

Without Sound Money, Markets Fail

Bush Remarks on Crisis

Money market on strike

Where to Put Your Money Now

Incentives lower prices of new-build homes
UK housebuilders are increasing sales enticements as they scramble for cash to finance debt and capitalise on advertisements in an effort to boost house sales

New York Fed Releases Additional MMIFF Details

The G20 needs to find some horses before they improve the bolts on …

Sideline Cash Theory Revisited

House prices fall at record rate
LONDON (Reuters) - House prices fell at their sharpest rate in at least a quarter of century in October, raising expectations the Bank of England will deliver a big interest rate cut on Thursday to stave off a severe recession.

Shock rate cut may not go far enough for consumers
LONDON (Reuters) - The Bank of England’s decision to cut interest rates to their lowest level in more than 50 years surprised markets, but may not be enough to reassure hard-pressed households as the economy slides towards recession.

RPT-MONEY MARKETS-Economic woes trump falling interbank rates

Obama & the Markets

Demand soars for advice on axing staff
A leading British manufacturers’ association has seen a sudden rush of inquiries from members seeking advice on how to make workers redundant or slash their hours