Archive for the ‘Banking’ Category
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 ...
Posted in Banking, Credit crunch | No Comments »
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 ...
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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 ...
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Tuesday, September 16th, 2008
Yesterday was a bad day not just for those that work in places like Londons Canary Wharf but for anyone who has a Bank Account, Pension Fund or Mortgage.
UK Inflation is at a 16 Year High, Bank of England Governer Mervyn King had to write a letter to UK Chancellor ...
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Thursday, September 11th, 2008
Reclaim Unlawful and Excessive Charges Get £1000's Back
Your Credit Card owes you money!
UK Law says that the charges credit card providers impose on their customers must be the actual costs they incur. Did it cost your credit card company £35, for their computer system to send you a letter saying you'd gone 1p over ...
Posted in Banking, Personal Finance | No Comments »
Saturday, September 6th, 2008
Many people are struggling to manage their finances during the current economic gloom, so here a couple of basic tips on how to cope...
Make a budget
Writing down your income and expenditure is the very first step to organising your finances. Whether this is on the back of an envelope or ...
Posted in Banking, Personal Finance | No Comments »
Tuesday, September 2nd, 2008
The Value of Sterling has dropped following credit crunch comments from Alistair Darling. GBP is still on a seemingly unstoppable downward spiral despite the announced £1 billion government housing package.
Sterling has fallen to an all time low against the Euro trading at just £0.8153, earlier this morning, the £ was also getting battered by the $ ...
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