Business secretary Peter Mandelson has reiterated that the government has no plans to nationalise the banking sector. Speaking yesterday he said that nationalisation was neither ‘necessary nor desirable’ although he…
Alan Greenspan’s admission that he might have made a mistake as head of the US Federal Reserve ranks as one of the world’s greatest understatements. What he and many others…
More than 20 per cent of home loans from Lloyds bank, Britain’s largest mortgage lender, have been included in the group’s ‘toxic assets’ and placed into the government’s insurance scheme…