Wonga under fire from OFT
22 May 2012 | by Michael Northcott
The OFT has threatened Wonga with fines for repeated malpractice surrounding its debt collection antics.
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Nationwide to introduce SME lending
23 May 2012 | by Michael Northcott
In a much-needed boost to small businesses in the UK, the building society has unveiled plans to introduce SME lending by 2013.
UK inflation drops, but more pain ahead
22 May 2012 | by Michael Northcott
The rate of inflation in the UK fell to its lowest level in more than two years last month, according to the Office for National Statistics (ONS).
JPMorgan losses double to £4.4bn
22 May 2012 | by Rebecca Burn-Callander
Investment bank JPMorgan has now doubled its estimated losses on last month's catastrophic hedge trades.
The final cost of Northern Rock: £2bn
18 May 2012 | by Michael Northcott
The British public could be billions out of pocket once the bank's assets are fully wound down, according to a report by the National Audit Office.
Pinterest and Bono cash in on 'Facebook effect'
17 May 2012 | by Rebecca Burn-Callander
Social networking site Pinterest has raised $100m, valuing the two-year old business at £1.5bn.
More Greek drachma as €800m is withdrawn in a day
17 May 2012 | by Michael Northcott
Stat of the day: €800m. As political uncertainty continues in Greece, the people yesterday took to the cash machines to withdraw hundreds of millions.
JPMorgan's CEO sued over $2bn trading loss
17 May 2012 | by Michael Northcott
America's largest bank just can't shake the attention from the international business community: their shareholders are suing.
Bank of England cuts 2012 growth forecast
16 May 2012 | by Michael Northcott
Mervyn King says the eurozone crisis remains a dangerous threat to the recovery of the UK economy.
Plus Markets to shut down after no sale
14 May 2012 | by Michael Northcott
The British stock exchange for small companies has announced that it can no longer afford to run itself, and cannot find a suitable buyer.
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