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 ...
Posted in Banking, Credit crunch | No Comments »
Tuesday, October 21st, 2008
UK Prime minister or (Sub Prime minister as he was called this week), Gordon Brown and his bushy eyebrowed sidekick the UK Chancellor Alistair Darling are to bring forward projects and spend the UK out of recession, they are planning to build more roads, schools and hospitals to get the ...
Posted in Credit crunch, Debt | 2 Comments »
Saturday, October 11th, 2008
A hastily formed delegation of Treasury officials has arrived in Iceland to secure assurances that UK investors will not lose their money as a result of its banking crisis.
The meetings follow heated exchanges between Gordon Brown and his Icelandic counterpart, Geir Haarde, about the crisis.
The UK officials are ...
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Thursday, October 9th, 2008
This past week has been the most action packed so far in this credit crunch, we've had Billions of pounds lost on share prices around the world, united action from governments cutting interest rates by 0.5% and yet more of UK Tax payers money going to banks.
Monday saw the biggest ...
Posted in Credit crunch | 2 Comments »