Mortgage lenders accused of raising deals just hours before Bank of England trims int

[Legal Beagles]

The Bank of England today cut its base rate by 0.25 per cent to 5 per cent to stop the economy's slide towardsrecession. But relief for home owners was instantly undermined by a new wave of mortgage rate increases from Britain's biggest lenders. It was the third cut in the Bank's base rate since December

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[Legal Beagles]

Mortgage lenders accused of raising deals just hours before Bank of England trims int

Mortgage lenders were yesterday accused of cashing in on the credit crunch by raising the cost of home loans hours before the Bank of England cut interest rates. In an attempt to boost the ailing economy, the Bank yesterday reduced the base rate from 5.25 per cent to 5 per cent

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[Legal Beagles]

Flurry of activity behind the Old Lady's doors

Behind the rather bland interest rate announcement that appears on newswires and the Bank of England's website lies a picture of intense activity

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[Legal Beagles]

Bank of England cuts interest rates to 5%

Bank of England's monetary policy committee cuts interest rates in attempt to counteract effects of global credit crunch

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[Legal Beagles]

Nils Pratley: Rates through the looking glass

Nils Pratley: Banks, or in this case a building society, can be very stupid

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[Legal Beagles]

Home loans to cost more despite rate cut by Bank

High street banks accused of using credit crunch as opportunity to boost profits

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[Legal Beagles]

Yahoo enlists AOL to counter joint Murdoch-Microsoft offer

After 24 hours in which the hostile takeover battle between Microsoft and Yahoo took several dramatic twists, with internet rival AOL and Rupert Murdoch's MySpace both said to be getting involved, investors were last night making exactly the same bet – Microsoft's existing bid will be successful.


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