The stock market suffered huge losses today due to fears that the banks in the UK are still in crisis. In a very anxious and apprehensive afternoon’s trading, the FTSE 100 index closed at 4180.6, which is 218.5 points down. The outcome took away £ 55 billion from the tops shares’ value. As speculations that it is in dire need of funding to be able to keep it’s operations, Barclays emerged as one of the biggest casualties of the ... Read More

The interest rate of personal loans continues to go up even if the base rate has been cut. The base rate at the moment is at 2 percent but the cheapest loan being offered by providers remains at 8.2 percent. Analysts say that firms have confined themselves at this rate due to the continuing credit industry woes. In the past four weeks, providers such as Barclaycard, Lombard Direct, Sainsbury's Finance, and Britannia Building Society have raised their personal loan rates. “Recent activity in the ... Read More