A warning that a major US bank was likely to fail, with the worst of the credit crunch yet to come, sparked a day of gloom that ended with Britain’s biggest companies tumbling nearly £31billion.
ALLIANCE & Leicester bosses are in line for huge windfalls by simply staying in their jobs after the mortgage bank’s £1.3billion takeover by Spain’s Banco Santander.
SPECULATION that stamp duty payments will be cut or deferred for buyers should be confirmed — or ruled out — in Chancellor Alistair Darling’s pre-Budget report at the beginning of October.
ALMOST three in 10 stock market investors have moved more than half of their money into less-risky investments, such as cash or bonds, in the past six months, a new study shows.
Q Ever since I saw the queues of savers attempting to withdraw their money from Northern Rock I have wondered if there is a legal limit to the amount of cash one can withdraw from a bank at any one time.