Two of Scotland’s most prominent bankers have joined forces in an effort to block the takeover of HBOS by its rival Lloyds TSB. However, HBOS’ board of directors rejected the proposal stating there was ‘no further basis’ on which to continue the discussion
An emergency package of tax cuts and public spending is being considered as the UK government looks at ways to jolt the flagging economy back to life
RBS, its NatWest arm, HBOS and building society Nationwide bowed to government pressure to pass on to borrowers this week’s deep cut in base rates.The move came after Alistair Darling summoned the heads of the biggest retail banks
The main mortgage lenders have started to respond to the government’s demand that they should cut their mortgage rates.
US carmakers GM and Ford report hefty losses and both look to reduce their payrolls in order to cut expenses.
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