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Archbishop brands short sellers bank robbers

Archbishop of York John Sentamu has denounced short sellers for bringing about the financial crisis. He says they are “clearly bank robbers”.

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Derbyshire and Cheshire go Nationwide

The Derbyshire and The Cheshire building societies are to merge with Nationwide by the end of the year as part of a dual rescue package that will see Nationwide enter 2009 with around 1,000 branches, assets totalling more than £191bn and £122bn worth of retail deposits.

B&B taken under government wing

This morning Bradford & Bingley has been nationalised in part as a result of an inability to meet regulatory requirements.

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