Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Taxpayer may lose 2 billion pounds on Northern Rock rescue
LONDON (Reuters) - Taxpayers could lose up to 2 billion pounds from the government’s 2008 rescue of mortgage lender Northern Rock by the time all the assets are wound down, according to the spending watchdog.

Euro zone turmoil boosts London property stampede
LONDON (Reuters) - Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money.

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Euro crisis leaves door ajar for more BoE easing
LONDON (Reuters) - Bank of England Governor Mervyn King left the door open for more support for Britain’s struggling economy on Wednesday despite higher inflation in the near term as the escalating dangers from the euro zone debt crisis pose risks to a gradual recovery.

Britons get gloomier - long, hard revival to come
LONDON (Reuters) - Britons turned gloomier last month as a slump in construction pointed to an even deeper recession and producers ramped up prices, highlighting the long and difficult road back to economic health.

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

London finance bonuses to halve again in 2012
LONDON (Reuters) - Bonuses for London’s financial workers will be almost halved this year, falling to their lowest level in over a decade and nearly 10 billion pounds below a peak in 2007, according to a study.

Hedge fund charges skewed against investors - report
LONDON (Reuters) - An investor advisory group on Tuesday levelled fresh criticism at the high fees imposed by hedge funds and urged them to cut their take of gains on the assets they manage.

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

No end in sight to global jobs crisis, ILO says
GENEVA (Reuters) - Fiscal austerity and tough labour reforms have failed to create jobs, leading to an “alarming” situation in the global employment market that shows no sign of recovering, the International Labour Organization said on Sunday.

It’s not just bankers seeking a way round bonus tax
Fund managers, stockbrokers, and even some financial advisers will be hit by the new 50 per cent levy on “bankers’” bonuses

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

It’s not just bankers seeking a way round bonus tax
Fund managers, stockbrokers, and even some financial advisers will be hit by the new 50 per cent levy on “bankers’” bonuses

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

Lloyds warns of long and difficult UK recovery
LONDON (Reuters) - Lloyds warned of a “long and difficult” path to economic recovery as it set aside an extra 375 million pounds to compensate people mis-sold insurance, but cheered investors with lower bad debts.

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

Managers pocket 28 percent of hedge fund profits
LONDON (Reuters) - Hedge fund managers pocketed 28.1 percent of profits generated by their funds over the past 18 years, new research from London’s Imperial College found.

Labour wants more disclosure on executive pay
LONDON (Reuters) - The Labour Party called on Sunday for fuller disclosure on how fund managers vote on executive pay, as public anger over directors’ high salaries mounts ahead of the annual general meetings of the UK’s top companies.

Britons’ finance fears grow on lower pay and higher debt
LONDON (Reuters) - Britons became more worried about their finances in April as they took home less pay, saw their debts mount and expected living costs to rise over the next year but they felt more upbeat about their job security, a survey showed on Monday.

UK dividend growth misses forecast
LONDON (Reuters) - UK dividend growth undershot expectations in the first quarter of 2012, hitting 6.6 percent after the exclusion of one-off factors, and will miss original forecasts for the full year, Capita Registrars reported on Monday.

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers