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RBS and Rock offer six-month grace period

RBS and Northern Rock have committed to a six-month grace period for borrowers facing repossession, but the latter says its foreclosures usually take 15 months anyway.

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Naked truth

Mole was sent the mystery snaps reproduced below by the son of a certain well known industry pundit. To spare his blushes, Mole is not going to print his name but with kids like this he’s obviously no family guy.

3-month LIBOR falls to 3.37%

In the wake of the 1% base rate fall yesterday, 3-month LIBOR has fallen today by 0.34% to 3.37%.

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