LONDON, Dec. 22 (UPI) -- A member of the Bank of England's Monetary Policy Committee said the bank was aware the previous housing bubble was unsustainable.

LONDON, Dec. 4 (UPI) -- Several British banks Thursday contradicted the government's claim that they had endorsed Prime Minister Gordon Brown's mortgage rescue plan.

It takes more than a globally competitive economy to have a sound banking system.

For the third straight year, the United States finds itself at the top of the Global Competitiveness Index (GCI), published by the World Economic Forum (WEF)…

LONDON, Sept. 27 (UPI) -- The British government says it is preparing to nationalize Bradford & Bingley Bank as the search for a private sector buyer is proving fruitless.

Markham Lee submits:

The big news in the financial sector right now is the British Government’s plan to nationalize Northern Rock Bank (NHRKF.PK), a move that was mostly symbolic in my opinion as the bank was effectively nationalized back in September.
Complete Story »

James West submits:

And so it begins.

The end-of-the-line, bottom line buck-stops-here bailout of a bank so big, the alternative would be unacceptable.
Complete Story »

Felix Salmon submits:

Northern Rock (NHRKF.PK) will be nationalized, and the FT says that There Will Be Grumbling:
Complete Story »