Elephant & Castle, a Boston-based chain of 21 British-style pubs, has filed for Chapter 11 bankruptcy protection

Elephant & Castle, a Boston-based chain of 21 British-style pubs, has filed for Chapter 11 bankruptcy protection after struggling throug...

Never have so many jobs been shed by a single bank in British history. It's possible no UK company of any sort has ever reduced job numbers by so much.

Never have so many jobs been shed by a single bank in British history. It's possible no UK company of any sort has ever reduced job numb...

Clothes store Jane Norman closes

Women’s clothing chain Jane Norman closed all of its 90 stores across the country - including a branch in Queensgate Shopping Centre, Peterb...

Thorntons said it will exit at least 120 outlets over the next three years as their leases expire, while it will also consider the future of an additional 60 shops over the same period.

The plan will leave Thorntons with around 180 to 200 company-owned stores, although in the majority of locations it hopes franchisees will o...

Department store chain TJ Hughes revealed it is set to enter administration.

Recent weeks have seen a string of high street names announce they are in difficulties thanks to a combination of high rents and sluggish sa...

Thousands of customers of Moben Kitchens and Dolphin Bathrooms are waiting to hear whether they might receive goods or a return of their deposits after parent company Homeform warned that it planned to draft in administrators.

Consumer watchdogs are this weekend warning shoppers to take every precaution when making cash deposits on expensive items after a spate of ...

Conrad Black, the former newspaper mogul ordered back to prison to spend another year in jail, could face a series of lawsuits which threaten financial ruin.

The peer, who used to own The Daily Telegraph, has protested his innocence against convictions in the US for skimming money from his Chicago...

It was the furniture chain that revolutionised homes in the Swinging Sixties.

But Habitat, the one-time pinnacle of British design, has itself fallen out of fashion. The retailer, which has 33 stores in the UK, is expe...

A UK bank could have lent to a bank that itself had lent to a bank that in turn was exposed to sovereign risk

Mr King added that, while UK banks had "remarkably low" direct exposure to Greece, "experience has shown that contagion can s...

ADMINISTRATORS for the fashion chain which rose from the ashes of Ethel Austin said it will continue to trade – but stores are set to close.

Life & Style, which has 11 shops across Merseyside, was formally placed into administration this week, little more than a year after it ...

Junior bond holders in the Bank of Ireland are getting a worse deal than expected, far worse than banks who hold the Irish bank's bonds. Just 20p in the pound

Holders of Bank of Ireland 13.375% perpetual subordinated bonds face a savage haircut on their investments. They are being offered just 20p ...

Lehman Trustee Beats Barclays Over $2.05 Billion in Disputed Account

judge on Monday ruled in favor of the trustee overseeing the liquidation of Lehman Brothers Holdings Inc.'s U.S. brokerage business in t...

British banks’ lenience to struggling customers may be disguising the dangers the institutions face

  Lender forbearance, where loans are extended or payments reduced, “may, in some cases, have masked the extent of risks, given the high ind...

bankrupt former director of Heathcroft Home Improvements has received a suspended jail sentence for defaulting on legally binding creditor agreements.

Peter Stephen Matthews of Suffolk was sentenced to three months imprisonment suspended for 12 months plus 180 community service by Cambridge...

Brown Publishing Co., the bankrupt former owner of Dan's Papers in the Hamptons, Wall Street's summer retreat, had its liquidation plan approved in federal court.

U.S. Bankruptcy Judge Dorothy Eisenberg said today in Central Islip, New York, that she will confirm the Chapter 11 plan after noting that c...

Greek entrepreneur behind Flyglobespan collapse declared bankrupt

ELIAS Elia, owner of the credit card company blamed for the collapse of Scottish airline Flyglobespan, has been declared bankrupt, Scotland ...

Former magistrate cleared of rape but facing bankruptcy

For seven years he had served as a magistrate, a pillar of the community handing down sentences in Southampton magistrates court. So when To...

Luxury hotel chain puts sites on market for £200m

Some of the West's most stunning hotels have been put up for sale, six weeks after their parent company went into administration. Thornb...