Savings up to £1m to be protected
Savings of up to £1m are to be protected under new proposals from the Bank of England aimed at avoiding a Northern Rock style run on a bank. BBC News – Business
Savings of up to £1m are to be protected under new proposals from the Bank of England aimed at avoiding a Northern Rock style run on a bank. BBC News – Business
In his first interview since leaving Pimco, former boss Bill Gross says he is ‘uniquely exuberant’ at leaving management responsibilities behind. BBC News – Business
The US economy added 248,000 jobs in September and the unemployment rate dipped to a six-year low of 5.9%, official figures show. BBC News – Business
Morrisons has announced a new loyalty card scheme in an effort to seize back the initiative in the supermarket wars. BBC News – Business
Tesco says it has been notified by the Financial Conduct Authority that it is under investigation following its admission that it overstated its half-year profit guidance by £250m. BBC News – Business
Three major UK supermarkets are to cut the prices of petrol and diesel by up to 5p, starting on Tuesday. BBC News – Business