Olympus Former Executives And Bankers Arrested
Seven people, including three former Olympus executives, have been arrested over their role in the £1.1bn accounting fraud at the company.
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Brit Bosses Lose Confidence Over Euro Crisis
Failure to contain the eurozone debt crisis has caused a sharp fall in confidence among senior business leaders, who fear the onset of another banking crisis. Read more from the original source: Brit Bosses Lose Confidence Over Euro Crisis
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Lloyds Pledges New Loans For Small Business
Lloyds Banking Group has said it will make at least £12bn worth of loans available next year to support Britain's small and medium-sized businesses. Original post: Lloyds Pledges New Loans For Small Business
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First-Time Buyer Plan ‘May Allow 5% Deposits’
Taxpayers could underwrite millions of pounds worth of mortgages for first-time buyers as part of a plan that may allow deposits to be cut to as little as 5%. More here: First-Time Buyer Plan 'May Allow 5% Deposits'
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Greece: Cash Lifeline Meeting Cancelled
Finance ministers from across Europe have cancelled a meeting to discuss a cash lifeline for Greece because they say the country has still not done enough to spring the money.
UK Unemployment Rises To 2.67 Million
UK unemployment has risen for the eighth month in a row to reach 2.67 million.
TUC: ‘Real’ Jobless Toll Has Hit 6.3 Million
The ‘true’ scale of unemployment in the UK could be as high as 6.3 million if a different counting measure was used, according to a new study.
Moody’s Puts UK Rating On Negative Outlook
Credit ratings agency Moody’s has issued official notice to Britain and the Bank of England that their credit ratings are at risk of a potential downgrade.
Help For Households: Inflation Falling
The rate of inflation has dropped to its lowest level since November 2010, in a sign that the pressure on cash-strapped households has continued to ease.
Checks On Taxpayer-Funded Bonuses Ordered
Public sector bonuses will be reviewed by the Government after the scale of payouts expected at the taxpayer-owned Royal Bank of Scotland sparked anger.
Jobs Market ‘Will Worsen’ As Cutbacks Rise
The first quarter of this year will be the most difficult for job prospects since the last recession, with increasing numbers of firms making redundancies, a survey has warned.
RBS Blamed For Banks Missing Lending Target
UK banks have missed the overall target they agreed with the Government for lending to small businesses, with the blame falling on taxpayer-backed Royal Bank of Scotland.
Greece Gears Up For More Clashes Over Cuts
Greece’s prime minister has warned of “uncontrolled chaos” if its parliament fails to back tough austerity measures – as the country prepares for further street protests.
