NEW YORK - It sounds like a victory for credit card users , a rule that would require banks to review any interest rate hikes every six months, and lower rates when appropriate. Yet loopholes in the Federal Reserve’s latest proposal could let banks avoid rolling back rates in most cases. To [ Read More → ]

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Charlotte Jackson: ‘Now that I have a mortgage and bills I have had to become a lot better at saving’ Photo: REX FEATURES WHEN SETANTA COLLAPSED, WERE YOU WORRIED? Yes I was. I was working at ITN in a dedicated unit, because they supplied the service to Setanta, and when we first got whiff [ Read More → ]

The iSold.com site is being run by Britain’s largest independent estate agent, Spicerhaart, in association with supermarket giant Tesco. It aims to offer a “halfway house” between a traditional high street estate agent and an online service. It has three home-selling packages, with costs ranging from £999 to £1,299, compared with [ Read More → ]

The annual report by Scottish Widows Savings and Investments reveals that the average ‘Savings Sap’ (loaning a substantial amount of money to children and/or grandchildren) now stands at £13,660, compared to £11,800 last year, although the overall sap fund decreased to just over £64.3 billion (from £72.5 billion last year). The [ Read More → ]

The latest NS&I Savings Survey has revealed that this winter has seen the amount of money the population is saving decrease to its lowest level in over two years. The British public is now saving, on average, 6.25% of their monthly take-home income. This figure is now at its lowest [ Read More → ]

For the second consecutive month the Consumer Confidence Index has risen – increasing by 6 points to 80 in February. This means that the Index now stands at its highest level since January 2008, and almost double the level recorded during the same period last year (41). The Present Situation [ Read More → ]

 WASHINGTON — Facing sharp questions from bailout overseers, Citigroup Inc. CEO Vikram Pandit said Thursday the bank is “fundamentally different” than the tangled behemoth that took more than $45 billion in government aid during the recent financial crisis. “I am pleased to say we are in a far different and [ Read More → ]

View full size Sales associate Michelle Webb, right, helps Maya Mamane, left, and Nili Melamed pick out shoes at Century 21 department store in New York. Many retailers are reporting solid sales gains for February, even in the face of falling consumer confidence and heavy snowstorms that hammered the East [ Read More → ]

European equities markets were higher Wednesday as miners saw gains on higher metals prices and after Greece’s cabinet approved new measures to try to get the nation’s debt under control. The FTSE 100 added 0.9 percent to 5,533.21 in London, while the FTSE 250 was up 0.14 percent to 9,612.17. Most miners [ Read More → ]