Banking News

Europe’s single currency is ‘almost certain’ to break up within the next five years as a direct result of the Greek debt crisis, international financial experts warned last night.

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8 Ways To Stay Safe

Last week’s security breach at Citibank was just the latest in a string of incidents that have rattled consumers: Sony, Lockheed Martin, and iTunes are also among recent high-profile targets. With such big names falling victim to hackers, is it still safe to bank online?

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Regulators on Friday shut down a small bank in Washington state, pushing to 44 the number of U.S. bank failures this year in the wake of a severe recession and mounting troubled loans.

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The cost of borrowing is at risk of rising after more than a dozen banks and building societies were told their credit ratings could be downgraded after the Government refused to guarantee their survival.

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Britain’s biggest banks face fresh anger as figures published today are expected to show they are falling billions of pounds short of promised targets for lending to small firms.

The loan targets were agreed under a controversial pact with the Government known as Project Merlin, signed in February following lengthy talks between the banks and the Treasury.

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