Archive for the ‘Banking’ Category
Tuesday, August 18th, 2009
Your credit rating is very important, protecting and improving it can insure you get the best financial deals and interests rates. When you apply for credit cards, loans, mortgages even mobile phones potential lenders check your credit history with credit reference agencies.
Credit reference agencies collate information about you and ...
Posted in Banking, Personal Finance | No Comments »
Friday, August 7th, 2009
The bank of england made Sterling plunge in value again yesterday, GBP was up against the dollar on wednesday, then the BOE announced the reccession had been worse than expected but they thought it had nearly reached the bottom.
Since the BOE announced another £50 Billion was to be pumped ...
Posted in Banking, Credit crunch | No Comments »
Wednesday, August 5th, 2009
This is the week when many uk banks are revealing their first half figures, whether they've made a profit or a loss. On Monday this site published details of Barclays and HSBC
Yesterday Northern Rock announced their first half losses and today its been the turn of Lloyds banking group. The ...
Posted in Banking, Business Finance, Credit crunch | No Comments »
Monday, August 3rd, 2009
Is the credit crunch coming to an end?
This morning has seen the release of some optimistic data the £ has reached a 10 month high against the dollar, rising to as much as $1.6850, GBP is at its highest level since October 2008.
UK manufacturing activity was up last month for the first time since March ...
Posted in Banking, Business Finance, Credit crunch | No Comments »
Saturday, November 15th, 2008
The value of the £ currency of the UK has been getting battered lately, falling sharply against the US $ and Euro amongst others this past week.
GBP or Sterling as its also known ended the week trading a fraction of its summer value which peaked above $2, GBP/USD Which will soon be trading ...
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Sunday, November 9th, 2008
The much publicised merger of Lloyds TSB and HBOS (Halifax Bank of Scotland) 2 of the UK's largest banks might not happen after all, theres reported to be a new bid for HBOS and its speculated to have government support.
The plan to allow Lloyds TSB to takeover HBOS and merge ...
Posted in Banking, Credit crunch | No Comments »
Tuesday, November 4th, 2008
Today as the UK Chancellor Alistair Darling luanches a new company to manage taxpayers shares in the banks they've bailed out, RBS (Royal Bank of Scotland) reveals it may be next to apply for government cash.
RBS warned that "significant risks" remained and that it was "not possible to forecast with ...
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Saturday, October 11th, 2008
The UK government has now announced a package of proposals that are aimed at rescuing the banking system. The plan will make around £400 billion of ‘fresh money’ available to fund the rescue.
The plan initially makes extra capital available to eight of the UK’s biggest banks and building societies ...
Posted in Banking, Credit crunch | 1 Comment »
Monday, September 29th, 2008
Bradford & Bingley, Lehman… who’s next?
Troubled high street bank Bradford & Bingley has been nationalised. An announcement is expected to the effect that B&B – the latest global credit crunch casualty – will be sold almost immediately to another bank chain or a consortium of leading banks.
Prospective buyers for the ...
Posted in Banking, Credit crunch | 1 Comment »
Thursday, September 18th, 2008
With all these banks folding or having to get bailed out by government due to their diving share prices, investors must be losing money right? Wrong!
Clever investors know not to trade when their is no news and little market movement thats when they lose money, over the past week the ...
Posted in Banking, Credit crunch | No Comments »