As austerity budget is announced…
Three men including former UBS trader held in first British arrests over Libor interbank rate rigging probe Men aged 33, 41 and 47 taken to London police stationOne is a former UBS trader The three arrests follow searches in Surrey and Essex SFO opened Libor probe in July after big Barclays fine | UPDATED: 10:08 GMT, 12 December 2012 One of the three men arrested in connection with an investigation into the rigging of the interbank lending rate Libor was an ex-trader who worked for UBS and the other two were interdealer brokers, a report said today. The British men – aged 33, 41 and 47 – were taken to a London police station after searches at a property in Surrey and two premises in Essex.
Overdrawn student killed himself over just 8,000 of debt and left a suicide note written on the back of a letter from his bankComputer whizz Toby Thorn's final words read: 'Thank you to all my friends I appreciate your support, Later ANON' He was 3,000 overdrawn and had a 5,000 student loan to pay off His mother is determined that no other young men or women will suffer in silence in the face of mounting financial pressureAnne Thorn has become a trustee for the charity PAPYRUS – the Prevention of Young Suicide | UPDATED: 09:38 GMT, 4 December 2012 A mother has told how her son wrote a suicide note on the back of a bank letter demanding the repayment of his 3,000 overdraft. Toby Thorn, 23, took his life after racking up the overdraft on top of a 5,000 student debt. On the reverse of a letter from Barclays, he wrote simply: ‘Thank you to all my friends I appreciate all your support, Later ANON.’ His body was found soon afterwards
Two in five adults feel their lives have not met their childhood expectations | UPDATED: 00:15 GMT, 3 December 2012 As any budding astronaut will tell you, hoping to own your own home or get married seem fairly run-of-the-mill as far as childhood dreams go. But for many of us, even those simple aspirations have failed to come true. Two in five feel their lives have not met their childhood expectations, a survey found, with many feeling there are fewer options open to them than they had hoped for
Banks are accused of not being as strong as they claim and hiding 60bn black hole from investorsSir Mervyn King said the black hole was 'holding back our recovery'Bank of England blamed shortfall on hidden losses on loans, mis-selling scandals and 'misleading' accounting by country's biggest lendersIt ordered audit into banks' finances and called for lenders to raise funds | UPDATED: 00:11 GMT, 30 November 2012 Sir Mervyn King said banks need to raise 60billion to protect against future losses British banks are not as strong as they claim and could need to raise as much as 60billion of emergency funds to protect against future losses, the Bank of England warned yesterday. Its governor, Sir Mervyn King, said the black hole at the heart of the banking system was ‘holding back our recovery’ and must be tackled ‘head on’. The Bank blamed the shortfall on hidden losses on toxic loans, the mounting bill from mis-selling scandals, and ‘misleading’ accounting by the country’s biggest lenders – Royal Bank of Scotland, Lloyds Banking Group, Barclays and HSBC
'Can we stab you every week' Probe into sickening anti-semitic West Ham chants which mocked Spurs fans attacked in ItalyTwo West Ham fans arrested and cautioned over chants | UPDATED: 17:04 GMT, 26 November 2012 The Football Association has launched an investigation into the vile chanting by some West Ham fans at Tottenham yesterday. Spurs’ 3-1 Barclays Premier League win was overshadowed by sickening songs about the stabbings of the Tottenham fans in Rome last week. Anti-Semitic taunts were also heard, along with persistent hissing and references to Adolf Hitler.