Creditors of MF Global UK arm ‘may get £2bn’

As much as $3.2 billion (£2 billion) could be returned to creditors of the British arm of failed broker MF Global, according to administrato...

The Californian city of Stockton is set to become the largest US city to declare bankruptcy.

Mayor Ann Johnston told the city council which endorsed the move it was "the most difficult and heart-wrenching decision" they had...

Cyprus bailout cost may be half its economy

Cyprus, which became the fifth euro zone country on Monday to seek emergency funding from Brussels, may require a bailout amount worth up to...

Administrator to cut services after takeover of ailing NHS trust

An NHS hospital trust which is losing more than £1m a week is set to be taken over by a Government appointed administrator with the power to...

Moody's expected to downgrade UK banks tonight

The market has been awaiting the news of a review by Moody's ever since the agency first announced in February that it was looking at mo...

NatWest and RBS customers hit by technical problems

NatWest and RBS customers hit by technical problems NatWest said it was sorry for the inconvenience Continue reading the main story Related...

Bank of England Panic's, Funnels £140 Billion to Bankrupt Banks Ahead of Eurogeddon

Banking stocks soared today on news that the George Osbourne and Mervyn King policy for the Bank of England to give cheap money to the banks...

Property con man Kevin O'Kane has been made bankrupt

A convicted international property fraudster has been declared bankrupt after civil action was brought by investors duped into paying out ne...

HAVING made millions of dollars from the gross overcharging of injured clients, the struck-off solicitor Russell Keddie has declared himself bankrupt

Wiston Gardens, Double Bay. The house is valued at $5 million. Mr Keddie's share was transferred to his wife for $1. HAVING made million...

Allders fails to weather the storm

Allders, the department store backed by fashion entrepreneur Harold Tillman, has become the latest retailer to collapse into administration....

The Most Important Question in Europe: To Bailout or Not to Bailout

I've got some shocking news for you. Things are going badly in Europe. The big story is Spain's borrowing costs. On Thursday yields...

Tom McFeely has British bankruptcy status rescinded

The Priory Hall developer was declared bankrupt in London's High Court in January, but today Justice Sandra Proudman "rescinded&quo...

Nokia cuts another 10,000 jobs as losses deepen

Nokia is cutting another 10,000 jobs globally and has warned that second-quarter losses from its mobile phone business will be larger than e...

The boyband star’s property empire in Ireland had collapsed, leaving the 32-year-old with debts of £18million

Collapse: Shane Filan's property empire has been hit hard WireImage Westlife singer Shane Filan yesterday spoke of his devastation after...

Saab sold to Chinese-Swedish investment group

Bankrupt carmaker Saab has been sold to a Chinese-Swedish investment group which aims to turn the company into a maker of electric vehicles....

Spain's borrowing costs rise closer to levels considered unsustainable

A bailout of up to €100bn for Spain's ailing banks failed to calm nerves about the future of the euro on Monday amid confusion over the ...

Derelict homes in Liverpool: places such as these remind us that an entire model of economic development has collapsed.

Photograph: Jim Dyson/Getty Images George Osborne gazes upon Madrid's meltdown and spies an excuse:the euro ate his recovery. The rest o...

Rangers to re-form after creditors' deal is rejected

Rangers will re-form as a new company after a creditors' deal was rejected by Her Majesty's Revenue and Customs. It means clubs will...

HMRC braced for possible strikes over job cuts

Small businesses operating in the UK are likely to be among those affected by planned industrial action at HM Revenue & Customs (HMRC). ...

400 more jobs go at Clinton Cards

400 people have lost their jobs after another wave of stores was closed at collapsed retailer Clinton Cards. The group, the UK's biggest...

Kweku Adoboli, the former UBS trader accused of causing the largest unauthorised trading loss in British history, was on Friday granted bail

Kweku Adoboli, the former UBS trader accused of causing the largest unauthorised trading loss in British history, was on Friday granted bail...

38 Studios, the game developer behind Kingdoms of Amalur and the unfinished Project Copernicus MMO has filed for bankruptcy.

The company is seeking to liquidate its assets in order to pay its debts in what's known as a Chapter 7 filing. 38 Studios claims $21.7M...

Sweden set to run Saab parts unit after bankruptcy

Sweden is likely to take over bankrupt carmaker Saab's spare parts unit, the country's Debt Office said on Friday, a potential embar...

Wife of bankrupt developer given 7 weeks to quit home

NINA McFeely, the wife of bankrupt developer Tom McFeely, was given seven weeks by a judge today to find alternative accommodation, followin...

Bank of England meets amid talk of £50bn stimulus

Bank of England policymakers meet today to decide whether to change interest rates or to pump in more money into the ailing economy, with le...

Europe is on the verge of financial chaos.

Global capital markets, now the most powerful force on earth, are rapidly losing confidence in the financial coherence of the 17-nation euro...