Daily Archives: June 13, 2012

Spain reluctantly accepted a bailout for its struggling banks last weekend but it has not restored market confidence – the government’s borrowing costs have soared to their highest level since the birth of the euro. Meanwhile Greece is holding a general election this weekend. No party is likely to win an overall majority, the country’s exit from the eurozone is a distinct possibility and as much as €500 million is leaving its banks each day. Gideon Rachman is joined by Victor Mallet in Madrid, Kerin Hope in Athens and Chris Giles in the studio to discuss the crisis.

 

The FSA publishes its final guidance on the definitions of independent and restricted advice – what does it mean for investors? We look at the fixed-rates savings accounts that are expiring now. And does your bank consider you a “loyal” customer?