City briefing
Lenders win dual rate cases
Thousands of home owners hoping for compensation from their mortgage lenders were dealt a blow yesterday when the ombudsman ruled in favour...
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Huge penalty for seeking maturity
Britain's biggest life insurance company has turned traditional "with-profits" policies on their head. The Prudential has told a customer he would have been better-off su...
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B&B's buyback halts takeover talk
Bradford & Bingley sought to demonstrate to the City yesterday that it was not in takeover talks as it reported a 5% rise in interim profits.
The building society th...
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Signs of slowdown in housing market
The housing market is facing a slowdown, according to mortgage bank Bradford & Bingley, which also announced a jump in pre-tax profits this morning.
The former building ...
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Inflation surges to 2%
Britain's underlying rate of inflation in July bounced up from record lows from the previous month, official figures showed today.
The underlying rate, which excludes vo...
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What's a house between friends?
Paul Cottingham
Age: 32
Lives in:London
Occupation: Corporate financier
Earns: ?33,000 a year
Mortgage: ?60,000
Debts: None
Investments: LloydsTSB cash I...
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Savers losing interest again
The prospect of stable or falling interest rates might cheer mortgage holders, but savers feel only pain.
This week Nationwide building society said rates on about half...
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Mendelsohn's midsummer nightmare
The pips are squeaking across the insurance sector but the noise coming from Royal & Sun Alliance is more like the screeches heard before a car crash. Or, at least, t...
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Hamburger wants to avoid financial pickle
Carola Husmann
Age: 36
Lives in: East London
Occupation: Advertising buyer
Earns: ?36,000
Mortgage: None
Debts: None
Investments: Offshore savings account, compa...
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The way all banks will be? Please, no
This is so embarrassing. I mean, you don't have to be an expert in personal finance to know that new concepts in banking invariably mean trouble. The delayed launch, the ...
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