Business

THE Financial Services Authority could be stripped of some of its regulatory powers after admitting it didn't know what a bank was.

THOUSANDS of buy-to-let investors are ageing 1,000 years in around four seconds after receiving the latest valuations of their rented properties.

FINANCIAL watchdogs are to investigate malicious rumours that HBOS, one of Britain's leading banks, is run by filthy Scotsmen.

COMPETITION has intensified in the mobile phone market with rival companies offering a medium-sized bank with every new handset.

SUSPECTED Sainsbury's vegetable buyer John Maylam first gave himself away after spending thousands of pounds on a 180mph potato car, colleagues said last night.

HEDGE funds have overtaken the Big Bang as the most important thing people know nothing about.

THE price of a bushel of wheat rose yet again in the markets of Flanders yesterday presaging a monstrous tribulation and a grave rise in the price of mead, the Lord High Guardian of the King's Purse has warned.

BRITISH Gas has said its 500% increase in profits is the result of charging people much more money to buy gas.

CHANCELLOR Alistair Darling last night carried out his threat to pile up £100 billion of taxpayers' money and then set fire to it.

RECORD bad debts in the US home loan market will see bank profits fall from eye-poppingly obscene to unspeakably repulsive, City analysts warned last night.