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Sir Mervyn King, outgoing Governor of the Bank of England, described his tenure as a “game of two halves” last night, writes Robyn Hall.

The Council of Mortgage lenders has slammed Which? after it claimed that 99.5% of homeowners and homebuyers struggle to identify the total cost of a mortgage deal.

May was the cheapest month for fixed rate mortgages since the onset of the financial crisis, the National Mortgage Index from Mortgage Advice Bureau shows.

The government needs to focus on satisfying the needs of institutional investors if it wants to tackle its housing supply problem, says residential property fund manager Hearthstone.

The Financial Services Compensation Scheme (FSCS) is to consider the implications for its claims process after a decision to reject its appeal against a High Court judgement, which determined it failed to properly compensate an investor who lost money in foreign property.

Private equity firm Phoenix Equity Partners has bought a £35m stake in Key Retirement Solutions (KRS).

The shortage of affordable homes in England is locking young people out of the property market for more than a decade, says Shelter.

Bank of England (BoE) governor Mervyn King was defeated in his final bid to inject more stimulus into the UK economy, minutes from last month’s minutes show.

The Financial Conduct Authority (FCA) has banned and issued its largest ever fine of nearly £1m to a retail sole trader for sale and rent back failings.

The Parliamentary Commission on Banking Standards has criticised the government’s involvement in the day-to-day running of the Royal Bank of Scotland (RBS).

Technology provider Mortgage Brain has launched iSourceMortgages, an iPad sales tool and product sourcing app for brokers.

Banking bonuses and pay structures have not supported and probably derailed high collective industry standards, concluded the Parliamentary Commission on Banking Standards in a report out today.

The Cypriot president has asked eurozone officials to overhaul the country's €10bn bailout plan due to its unmanageable impact on the Cypriot economy, according to reports.

The long-awaited Parliamentary Commission on Banking Standards report has criticised the government's handling of part-nationalised UK banks and recommended criminal sanctions for senior executives who behave "recklessly".

Mark Blackwell, managing director of xit2, looks at commercial lending as the temperature rises in the market and the pressure on lenders heats up.

Peer-to-business lending platform rebuildingsociety.com has joined the National Association of Commercial Finance Brokers as it strengthens its ties with the broker community.

Openwork is extending the availability of its free guide to the prevention of mortgage fraud following strong demand from the professional services market and the wider industry.

The Post Office has today launched a major assault on the mortgage market with its intention to lend £2.5bn by the end of the year.

The FCA has banned a retail sole trader and issued its largest ever fine of nearly £1m after the trader was found guilty of deliberately misleading vulnerable customers for personal gain.

Paradigm Mortgage Services has reported a significant increase in the amount of general insurance cases it has placed through Select & Protect in the first months of 2013.