There were almost seven insolvencies - and two bankruptcies - a day in Northern Ireland between July and September this year, it can be revealed today. And almost a third of all individual insolvencies ended in bankruptcy in the third quarter of 2015. The new figures, obtained by the Belfast Telegraph, actually show a decrease in the number of people and businesses going to the wall from the worst days of the recession, but shine a light on the sluggish rate of Northern Ireland's economic recovery.

Of the UK’s 5,500 care home operators, the risk management group estimates that as many as 1,650 companies are struggling financially, and of those it expects a quarter, which account for 1,500 sites, to fall into insolvency, Express.co.uk reported. Many groups in the sector are struggling to meet the interest payments on their debts, because of rising staff costs and local authorities cutting fees in response to Whitehall demands for savings.

Mark Carney said the Bank of England would consider making it harder for lenders to extend credit, in order to prevent a recovery fuelled by historically low interest rates from becoming dangerously unbalanced, the Financial Times reported. With the BoE joining other leading central banks in taking a more dovish approach to monetary policy, the governor’s words showed he recognised the potentially damaging side effects of a long period of extremely low borrowing costs.

British mobile technology firm Globo Plc , which last month disclosed financial irregularities at the company, said on Tuesday that a court had placed it under administration, Reuters reported. Globo, under investigation from UK's financial watchdog, said the court had appointed Chad Griffin, Simon Kirkhope and Lisa Rickelton of consulting firm FTI Consulting as joint administrators. The company came under the scanner last month after U.S. hedge fund and short-seller Quintessential Capital Management raised questions about Globo's revenue model and finances in a report.

Tens of thousands of British coal miners have lost their jobs in recent decades, during the steep decline of an industry that stoked the nation’s industrial rise, sustained it through two world wars and once employed more than one million people. Chris Jamieson will be one of the very last. In December, his job is set to disappear when Kellingley colliery, Britain’s last deep coal mine, is scheduled to close for good. In the mine’s empty parking lot, Mr. Jamieson, 50, is already thinking about the moment in a few weeks’ time when the last group of miners is hauled to the surface.

Barclays said on Thursday that it expected to spend an additional 1 billion pounds, or about $1.5 billion, over the next three years to meet new regulatory requirements intended to shield its retail customers from other parts of the bank during any future financial crisis, the International New York Times reported. The British bank cut its profitability target for 2016, saying that the coming structural changes required by regulators in Britain and in the United States would drag on its results. The changes include the so-called ring-fencing of its retail operations in Britain.

Britain’s ‘bad bank’, which is running down the loans of two bailed out lenders, said it repaid £500 million to the government in the six months ended September, the Irish Times reported. UK Asset Resolution Ltd (UKAR), a state-run ‘zombie bank’ that does not take on new business, said it had now returned £14.6 billion, or 30 per cent of the loan to the government. The bank said it had reduced the size of its balance sheet by £8.5 billion during the period.

Britons are finally as well-off as they were before the crisis, the Office for National Statistics has said, with households benefiting from higher earnings and rising employment, the Financial Times reported. However, the gains have not been equally shared: workers are still poorer than they were in 2007/8, while retirees are significantly better off. The figures are a boost for George Osborne, suggesting that living standards in the UK are finally higher than before the crash, thanks to economic growth and a strengthening labour market.

The fate of emerging market currencies is looming ever larger in the outlook for interest rates in The House of Lords, Parliament’s upper chamber, issued a rare rebuke to the government Monday over plans to cut tax rebates for working families, a widely unpopular part of a budget-cutting strategy that would affect thousands of British householdsm The Wall Street Journal reported.

Standard Chartered, the Asia-focused bank based in London, said on Monday that it planned to exit its equity derivatives and convertible bonds units as its new chief executive, William T. Winters, reshapes the company, the International New York Times reported. The decision to wind down those businesses followed the bank’s decision to close its institutional cash equities, equity research and equity capital markets operations in January.