Reuters: Personal Finance News

House prices set to rise gradually

Thu, 26 Nov 2009 12:26:48 +0000

LONDON (Reuters) - House prices have probably bottomed but will only creep higher over the next couple of years as more properties come on the market and the economy makes a plodding return to growth, a Reuters poll showed.

Water bills to fall much less than expected

Thu, 26 Nov 2009 10:14:10 +0000

LONDON (Reuters) - Water bills will barely fall during the next five years, disappointing recession-hit consumers and reassuring water companies who had feared the regulator would force them to make big cuts.

Bank review recommends greater pay disclosure

Thu, 26 Nov 2009 11:01:58 +0000

LONDON (Reuters) - Banks must disclose how much they pay top employees, a government sponsored report recommended on Thursday in a bid to quell public anger over "bonuses as usual" in a sector shored up by taxpayer bailouts.

EU looks to bolster protection for holidaymakers

Thu, 26 Nov 2009 14:25:29 +0000

BRUSSELS (Reuters) - The European Union is looking to tighten regulations on websites selling travel packages, a move to protect consumers better when tour operators fail.

Court rules in favour of banks on charges

Thu, 26 Nov 2009 09:16:48 +0000

LONDON (Reuters) - Banks won a two-year court battle over overdraft charges on Wednesday, dealing a blow to hundreds of thousands of customers seeking to claim back billions of pounds which they say were levied unfairly.

Government proposes tougher mortgage regulation

Wed, 25 Nov 2009 11:46:01 +0000

LONDON (Reuters) - The government unveiled plans on Wednesday for tougher regulation of the huge home loans market as fallout from the credit crunch highlights concerns about lax lending standards and fraud.

Banks' emergency loans revealed

Tue, 24 Nov 2009 13:51:14 +0000

LONDON (Reuters) - The Bank of England disclosed on Tuesday that it provided almost 62 billion pounds in emergency loans to Royal Bank of Scotland and HBOS at the height of the credit crisis last year.

Mortgage approvals almost double

Tue, 24 Nov 2009 10:01:15 +0000

LONDON (Reuters) - The number of home purchase loans approved by banks in October was almost double that of a year ago, a survey showed on Tuesday.

Record pension hole for world's biggest firms

Tue, 24 Nov 2009 12:49:33 +0000

LONDON (Reuters) - The financial crisis saddled the world's 100 largest companies with a record 220 billion euro (199 billion pounds) pension shortfall at end-September, up from 20 billion at the end of 2007, a study released on Monday said.

Nationwide sees risk of house price fall in 2010

Fri, 20 Nov 2009 10:43:35 +0000

LONDON (Reuters) - House prices could retreat in 2010 if unemployment rises sharply, Britain's third-largest mortgage lender Nationwide warned on Friday.