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Short-changed: How banks are cashing in on the credit crunch by squeezing savers AND

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  • Short-changed: How banks are cashing in on the credit crunch by squeezing savers AND

    Millions of homeowners and savers are being short-changed as banks fail to pass on the benefits of interest rate cuts. A Daily Mail analysis of deals offered by lending giants shows they are seeking to cover losses, protect profits and retain bonuses by exploiting loyal customers

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  • #2
    Brown banks on an interest rate cut - but has he broken the rules by calling for a d

    Gordon Brown was accused of a 'blatant' breach of Bank of England independence yesterday by appearing to demand a cut in interest rates. His call came as house prices suffered their biggest monthly fall for 15 years

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    • #3
      Bank of England pumps £5bn more into money markets

      The Bank of England has announced a £5bn increase in the supply of three-month loans it will offer to the banking system this month and promised further action to deal with the credit crunch.


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      • #4
        Why lenders may ignore the Bank's cut in interest rates

        The Bank of England is in the unusual situation whereby it may not be able to influence mortgage market

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        • #5
          Vauxhall Griffin To Get Face-Lift With New Car Roll-Out

          One of motoring's most iconic logos - the Vauxhall Griffin - is getting a face-lift.

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          • #6
            Japan's central bank leaves rates unchanged

            JAPAN'S central bank has left its official interest rate unchanged at 0.5 per cent, as expected, amid growing worries about the health of the global economy.

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            • #7
              Bank of England tipped to cut rates

              THE Bank of England is widely forecast to trim British interest rates tomorrow as it monitors fresh evidence of a housing market downturn amid the global credit crunch, analysts said.

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              • #8
                Bank tipped to cut interest rates

                The Bank of England begins its latest interest rate-setting meeting. with analysts widely expecting a cut.

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                • #9
                  Wenger unhappy at Liverpool's 'dodgy penalty'

                  Arsenal boss Arsene Wenger blames poor refereeing decisions for his side's Champions League exit to Liverpool.

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                  • #10
                    HSBC to match rivals' mortgage deals

                    The bank says it will offer new mortgages with an interest rate matching customers existing deals

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                    • #11
                      HSBC offer to match mortgage holders' existing fixed rate deals as Brown banks on int

                      HSBC last night bucked the trend in the mortgage market with an audacious offer to match the interest rate of any borrower coming off fixed-rate deals. The offer will apply to both HSBC customers and those with mortgages elsewhere and effectively shields borrowers from the recent increases in the cost of a home loan

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                      • #12
                        Pound hits record low against the euro

                        One euro worth 80p as sterling under pressure from increased expectations of an interest rate cut from the Bank of England

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                        • #13
                          European exchanges wilt

                          EUROPEAN stock exchanges wilted overnight, dragged down by a gloomy IMF survey, surging oil prices and nervousness in the banking sector.

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                          • #14
                            City expects interest rate cut to 5% - and business hopes for more in May

                            Bank of England expected to respond to growing threat to economy from global credit crisis

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                            • #15
                              Bank of Queensland posts $57.8m profit

                              BANK of Queensland has posted profit for the first half up 19 per cent, while its interest margin dropped on the back of the worldwide turmoil in credit markets.

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