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Bankruptcy fees rose from £75 to £525 this August to try and discourage people with financial issues looking for a solution to their problems.

A small bank operating in the Portsmouth area has been shut down by the financial authorities.

The president of the World Bank has warned that the world is "one shock away from a full-blown crisis".

A recent report shows that banks in the UK are receiving tens of billions of pounds through hidden subsidies from customers and taxpayers – in addition to receiving support directly from the state.

The number of mortgages approved for house buyers by the UK's main banks fell by 10% in 2010.

An allowed banking process called setting off is on the rise and is leaving some customers broke.

Small- and medium-sized enterprises (SMEs) have seen a rise in bank fees this year, which is only making it more difficult to stay afloat and recover from the recent economic crisis.

Bankruptcies in the UK are on the rise, with figures showing a distinct increase in the first quarter of this year in the number of residents of England and Wales trying to be declared bankrupt.

The Royal Bank of Scotland (RBS) has announced that an additional 2,600 UK jobs will be cut over the course of the next year.

Despite the government’s plans to increase competition to improve bank customers’ experiences, consumers are facing increasing branch closures and increasing charges.

Strict lending criteria developed by bank and housing pricing levels have meshed, eliminating new potential buyers from the market.

The Bank of England recently warned that increasing utility bills are expected to result in inflation hitting 5% later on this year.

The Bank of England recently warned that increasing utility bills are expected to result in inflation hitting 5% later on this year.

The governor of the Bank of England, Mervyn King, has warned that higher utility bills could push inflation up to 5% later this year.

Barclays, the UK bank has reported a 9% fall in pre-tax profits for the first three months of the year to £1.66bn.

British taxpayers hoped that after they nationalised lender Northern Rock, the bank would begin to recover.

There has now been no change to UK interest rates for two years, even though inflation is currently twice the Bank's target rate.

Figures from the British Bankers' Association indicate that the stagnation in the UK property market is continuing.

Figures show that bankruptcies among men are on the rise at a higher rate than those among women; however, men seek help with their debts less often.

Halifax, a lender in the Lloyds Banking Group, reports that house prices in the UK continue to fall, with December seeing a drop of 1.3% from November prices.

A recent report notes that the Bank of England gave a boost to many UK households when the base rate was cut to 0.5%, a record low.

According to a warning from the Bank of England, the UK economy’s future continues to be uncertain.

According to the Bank of England, UK consumers paid back more unsecured debt than they borrowed in the month of August

In the 12 months to Q1 2010, banks and building societies in the UK wrote off loans to individuals totaling £9.6 billion.

According to figures released by the British Banker’s Association (BBA), the total number of home mortgages approved in June had dropped from the month before to 34,813.

The Royal Bank of Scotland (RBS) has announced that more job cuts are on the horizon. After a massive 2007 government bail-out saved the back from collapse and resulted in RBS being 84% taxpayer owned, the bank began to look for ways to cut costs.

It is no secret that personal debt has been steadily increasing for over a decade and that the number of people going bankrupt or being declared insolvent has risen alongside it.

Since 1 July 2009, The Sell and Rent Back Sector is now regulated by the Financial Services Authority, the same industry regulator for mortgages, banks and share trading.

Recent news from the Bank Of England acknowledged that approximately 7 - 11% of UK property owners have negative equity; a further blow to a poor property market.