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FTSE plunges despite US rate cut as British bank stocks tumble
The FTSE have plunged again as shares in the UK's major banks nosedived in a morning of volatile trading. Rumours circulated among nervous investors in the City that HBOS, owner of Britain's biggest mortgage lender Halifax, that the bank had approached the Bank of England for emergency funding and was about to suspend its shares
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Hopes Of UK Rate Cut Fade After MPC Voting Is Revealed
Hopes of another interest rate cut next month have faded after the publication of the last set of Bank of England minutes.
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Rivals rocking the boat for Northern Rocks business plan
Northern Rock released its business plan yesterday but to the chagrin of its rivals who believe th...
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Financial watchdog launches probe after HBOS shares plunge amid ?false rumours? bank
The UK's stock market watchdog has launched a probe into this morning's volatile trading after HBOS shares lost almost 20 percent of their value amid rumours that the bank was in serious financial trouble. The FTSE plunged this morning after rumours circulated among nervous investors in the City that HBOS, owner of Britain's biggest mortgage lender Halifax, had approached the Bank of England for emergency funding and was about to suspend its shares
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Can you feel it Credit crisis begins to squeeze
Recent figures from the Office for National Statistics have shown that the credit crisis is beginn...
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Morgan Stanley results better than expected
The investment bank today revealed a 42% slump in first-quarter profits to $1.55bn, but the fall was an improvement on a loss in the final quarter of last year. By Andrew Clark
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Financial watchdog launches probe after HBOS shares plunge amid 'false rumours' bank
The Bank of England intervened today to prevent the collapse of one of the 'Big Five' high street banks. Shares in HBOS, owner of Britain's biggest mortgage lender Halifax, dropped almost 20 per cent at one stage in a wave of selling. The Bank of England had to issue an unprecedented denial that HBOS was in crisis - underlining the continuing panic in the financial markets following the collapse of Northern Rock in Britain and Bear Stearns in America
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FSA probes 'false' share rumours
UK's financial watchdog looks into whether rumours have been spread to undermine bank shares.
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