Archive for November, 2010
Irish Republic banks for sale after soveriegn debt bailout
The Republic of Ireland’s top banks – bailed out by the government at huge cost during the downturn – should be sold, the head of the country’s central bank has said.Patrick Honohan said: “As far as I’m concerned, they are for sale”. The Irish government will outline plans to reform the banking sector, into which [...]
November 30, 2010
Tags: banks, borrowing, Credit Crunch, debt management plans, sovereign debt, sub prime loans Posted in: Borrowing Costs, Credit Crunch, Debt Management, Lenders, Uncategorized 
2 Comments
Debt collector firm Aktiv Kapital censured for targeting wrong people
A firm of debt collectors, Aktiv Kapital, has been censured for trying to take action against people who do not owe any money.The Office of Fair Trading (OFT) has told the company to stop chasing debts when it has been told in writing that they are pursuing the wrong person. The OFT said this sort [...]
November 29, 2010
Tags: bank lending, borrowing, consolidate debt loans, Credit Crunch, Debt Consolidation, debt management plans, Lenders, Loan calculator Posted in: Debt Consolidation, Debt Management, Lenders, Loans Calculators, Uncategorized 2 Comments
Irish debt concerns effect us all
Worries that the Irish Republic’s debt crisis will spread to other European countries with high budget deficits is effecting us all.The UK’s FTSE 100 index was down 0.7%, while France’s Cac had lost 1%. Asian shares had earlier ended sharply lower, with Chinese stocks losing 2.4% this week. Germany’s Finance Minister Wolfgang Schaeuble also reasserted [...]
November 26, 2010
Tags: borrowing, consolidate debt loans, Credit Crunch, finances, refinancing rates, sovereign debt Posted in: Bankrupcy, Credit Crunch, Interest Rates, Lenders, Loans Calculators, Uncategorized 2 Comments
High street bank customers can use the Post Office
Millions of banking customers will be able to use the post office to access their current account under new government plans.The 13 million customers who have a current account with the Royal Bank of Scotland and NatWest will now be able to make a basic banking transaction at any of the Post Office’s 11,500 branches. [...]
November 25, 2010
Tags: banks, Credit Crunch, currency converters, Loan calculator Posted in: Credit Crunch, Uncategorized 2 Comments
Majority of people failing to address money concerns
Nearly two thirds of people are worried about their finances but the majority are failing to take simple steps to improve their position, new reserach has found.Around 43 per cent of people said they worried about money “more often than not”, while 17 per cent said they worried about it all the time, according to [...]
November 24, 2010
Tags: borrowing, consolidate debt loans, credit cards, Credit Crunch, de, Debt Consolidation, debt management plans, Interest Rates Posted in: Debt Consolidation, Debt Management, Interest Rates, Loans Calculators, Uncategorized 2 Comments
Gold coin sales increase by 400% on debt fears
Sales of gold coins have soared by 400% so far this year compared with 2009, according to the Royal Mint. With the price of gold hitting record levels, the Mint says commemorative coins are in strong demand. Sales of silver coins have also risen, though by a comparatively modest 20%. “In these days of economic [...]
November 23, 2010
Tags: Bank of England, Credit Crunch, Gold, recession, sovereign debt Posted in: Credit Crunch, Debt Management, Gold, Uncategorized One Comment
UK government borrowing grew to £10.3bn in October
The UK government borrowed £10.3bn to cover the overdraft the public finances in October, figures from the Office for National Statistics show. It marks a record for October, and is up from £10.1bn in the same month last year, but the figure was broadly in line with economists’ estimate. October’s figure brings the amount the [...]
November 22, 2010
Tags: Bank of England, Bankrupcy, consolidate debt loans, Credit Crunch, sovereign debt, sub prime loans, UK loans rates Posted in: Bank of England, Bankrupcy, Borrowing Costs, Credit Crunch, Debt Management, Loans Calculators, Uncategorized 4 Comments
UK inflation rate in surprise October increase
The UK Consumer Prices Index (CPI) inflation rate rose unexpectedly to 3.2% in October, official figures show, on the back of higher fuel prices.Analysts had expected the CPI figure to remain unchanged at 3.1%. The news forced Bank of England governor Mervyn King to write again to the chancellor explaining why inflation has remained more [...]
November 19, 2010
Tags: Bank of England, inflation, Interest Rates, Mervyn King, Oil Posted in: Bank of England, Borrowing Costs, Credit Crunch, Interest Rates, Uncategorized, inflation 2 Comments
Bankers negotiating deal to reduce snouts’ bonuses
Britain’s banks are in talks about collectively reducing the amount they will award their snouts- sorry staff- in new year bonuses. One participant suggested total bonuses could be cut from £7bn to £4bn, but accepted that even such a figure would still attract criticism from politicians. A senior banker stressed there was no guarantee of [...]
November 18, 2010
Tags: banks, borrowing, Credit Crunch, Interest Rates, Lenders, Loan calculator, nationalisation Posted in: Borrowing Costs, Credit Crunch, Interest Rates, Lenders, Loans Calculators, Uncategorized 2 Comments
Ireland’s cost of borrowing soars after dramatic sell off
Ireland’s cost of borrowing has rocketed to its highest level since the launch of the euro in 1999 after a dramatic sell off by bondholders and banks. Irish five year credit default swaps widened by 25 basis points to 545 bps, and those for Spain and Portugal also rose this morning The sell-off was triggered [...]
November 17, 2010
Tags: borrowing, consolidate debt loans, Credit Crunch, Interest Rates, Loan calculator, refinancing rates, sovereign debt, sub prime loans Posted in: Borrowing Costs, Credit Crunch, Interest Rates, Loans Calculators, Uncategorized 2 Comments
