British finance minister criticises banks for loose lending
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British finance minister Alistair Darling criticised banks and financial institutions for lending money too freely to customers who might be unable to pay the loan back, in an interview published Thursday.
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Government bodies have lost tens of millions of pounds in debts and fraud, a spending watchdog says.
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The European Central Bank and Bank of England flooded money markets with funds on Tuesday as the UK central bank chief warned of a possible "self-reinforcing" downward spiral in credit.
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Supply of credit has tightened and likely to get worse, Bank of England warns
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Criticism grows over the Government's rescue of Northern Rock and its savers even as the run on the bank seems to have eased.
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The nation's second-largest bank attributing the weaker performance to poor results in fixed-income trading.
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Bank of England boss Mervyn King is defending his role in the Northern Rock banking crisis.
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The government is to blame for the crisis which has hit Northern Rock, says the Tory leader.
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Alistair Darling defends his handling of the Northern Rock crisis, after an MPs report criticises his actions.
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Chancellor of the Exchequer Alistair Darling on Sunday defended his handling of the crisis at troubled bank Northern Rock, after a highly critical report by an influential committee of lawmakers.
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Business & money: Bank's governor criticises high street banks for putting profit before public good by not issuing Â£5 notes through cash machines.
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UK chancellor Alistair Darling joins calls for a probe into the role credit agencies played  in the world financial crisis.
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The government faced a barrage of criticism on Monday over its decision to nationalise the Northern Rock bank, amid questions over its reputation for economic competence.
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The Bank of England said that injecting cash into the financial system amounted to a bailout of investors who made bad decisions.
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The prime minister is accused of "dithering" and failing to deal quickly enough with the Northern Rock crisis.
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Rising interest rates and a reliance on credit were blamed Friday for an increased number of British personal bankruptcies in the latest quarter.
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A British Cabinet minister speaking in Washington has urged more reliance on international cooperation and less on force, a message widely interpreted in London as a veiled criticism of the United States.