UK Business News

08 October, 2008 05:49

UK bank rescue package imminent

Details of a £50bn rescue package for the banking system are set to be announced by the chancellor.

08 October, 2008 05:57

More turmoil hits Asian markets

Asian markets plummet amid fears for a global downturn and after Wall Street stocks close at a five-year low.

07 October, 2008 17:04

Bank shares take a big pounding

Banking shares fall sharply in London amid news that bank bosses held funding talks with the government.

08 October, 2008 02:36

Fraudsters 'target bank accounts'

Credit restrictions in the financial crisis are causing identity fraudsters to target existing bank accounts, a report says.

07 October, 2008 14:00

IMF in 'severe downturn' warning

The global economic downturn is likely to worsen as the financial crisis continues, says the International Monetary Fund.

07 October, 2008 23:21

BAE firm in body armour pay-out

A subsidiary of UK defence giant BAE Systems has agreed to pay millions of dollars to the US government over defective body armour.

07 October, 2008 15:58

Icesave savers warned on accounts

Icesave internet bank customers are warned they will probably have to claim compensation for money held in their accounts.

07 October, 2008 14:33

EU moves to reassure savers

European Union finance ministers agree to increase the guarantee for customers' bank savings to at least 50,000 euros.

News reports courtesy of BBC News.

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