Archive for August, 2011
Clydesdale and Yorkshire banks focus on bad debts
The Clydesdale and Yorkshire banks have warned that the credit crunch is making bad and doubtful debts a key focus.A trading update from the lenders said UK operations would retain a “conservative and prudent” approach in response to renewed economic turmoil. They also said they had achieved a two year target for gross lending of [...]
August 30, 2011
Tags: bad debts, bank lending, bankers, banks, consolidate debt loans, Credit Crunch, Loan calculator, UK loans rates Posted in: Bankers, Banks, Credit Crunch, Financial Services, Lenders, Loans Calculators, UK Loans Rates, Uncategorized 
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Federal Reserve expects not to raise loans interest rates until 2013
The Federal Reserve has said it expects to keep loans interest rates at their current low levels until at least the middle of 2013.The US central bank admitted in its announcement that America’s economic growth this year had been “considerably slower” than it had expected. It did not say whether it was considering more quantitative [...]
August 26, 2011
Tags: bank lending, bankers, banks, Credit Crunch, Interest Rates, Loan calculator, loans rates, US loans rates Posted in: Banks, Borrowing Costs, Interest Rates, Lenders, Loans Calculators, Loans Rates, Uncategorized No Comments
Cheques- fight still on to prevent demise says Age UK
The future of cheques remains in jeopardy with specific plans needed to restore faith in the payment option, according to Age UK.The charity was forthright in opposing previous plans to replace cheques by 2018 – a proposal which has now been discarded. But it said there was still a chance that cheques would “wither away”. [...]
August 24, 2011
Tags: bankers, banks, finances, financial services, Loan calculator Posted in: Bankers, Banks, Credit Crunch, Finance, Financial Services, Uncategorized No Comments
Finance watchdogs hindered by flawed information sources
Trading standards departments are continuing to be hindered by two separate and incompatible intelligence databases.Questions have been raised about whether investigations into scams across local authority borders are made less efficient by two twin track systems. Attempts are being made to allow the computer systems to operate together. The National Audit Office recently described the [...]
August 22, 2011
Tags: borrowing, Credit Crunch, finances, financial services, recession, UK loans rates Posted in: Credit Crunch, Debt Management, Finance, Independent Finance, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
RBS falls into loss by Greek crisis and PPI costs
The Royal Bank of Scotland (RBS) has reported a half year loss after taking a £733 million provision for its exposure to Greek government bonds.The nationalised bank RBS – 84%-owned by UK taxpayers – reported losses after tax of £1.4 billion for the six months to 30 June. RBS also allocated £850 million to cover [...]
August 18, 2011
Tags: bad debts, bank lending, bankers, Bankrupcy, banks, debt management plans, Loan calculator, loans, nationalisation Posted in: Bankers, Banks, Borrowing Costs, Business Finance, Credit Crunch, Debt Management, Lenders, Loans Calculators, Uncategorized, nationalisation No Comments
Leading UK banks say they are meeting lending targets
The UK’s five largest banks said they will meet targets for lending to businesses in the Project Merlin deal. The banks said they had lent just over £100 billion to UK businesses in the first half of the year against an annual target of £190 billion. Lending to small businesses during the first half was [...]
August 15, 2011
Tags: bad debts, bank lending, bankers, banks, borrowing, commercial finance, debt management plans, loans Posted in: Bankers, Banks, Business Finance, Finance, Independent Finance, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Personal insolvencies stabilising official figures show
The number of people and businesses going bust has been stabilising, official figures show.The Insolvency Service said personal insolvencies in England and Wales rose 1% in the second quarter of the year. Although they went up by 368 to 30,513, personal insolvencies have effectively been flat for the last nine months. Meanwhile, the number of [...]
August 12, 2011
Tags: bad debts, bankers, Bankrupcy, banks, borrowing, Credit Crunch, refinancing rates Posted in: Bankrupcy, Banks, Credit Crunch, Debt Management, UK Loans Rates, Uncategorized No Comments
Holidaymakers’ compensation plan as another tour operator goes bust
Holidaymakers whose plans were wrecked when a tour firm collapsed may have to wait up to eight months for compensation.Brighton-based Holidays 4 UK went into administration – forcing the cancellation of 20,000 bookings. The firm, which offered package deals mostly to Turkey, was covered under the Air Travel Organisers’ Licensing (Atol) rescue scheme. But some [...]
August 10, 2011
Tags: bad debts, Bankrupcy, Credit Crunch, debt management plans Posted in: Bankrupcy, Credit Crunch, Finance, Sovereign Debt, Uncategorized No Comments
PPI costs push Lloyds into loss as banking shares fall
The cost of compensating customers who were mis-sold payment protection insurance (PPI) pushed Lloyds to a £3.3 billion loss for the six months to 30 June.The bank, which was nationalised by the labour government and is still 41%-owned by the UK government, said in May it was putting aside £3.2bn to cover PPI mis-selling. Lloyds’ [...]
August 8, 2011
Tags: bank lending, bankers, banks, Credit Crunch, Loan calculator, UK loans rates Posted in: Bankers, Banks, Borrowing Costs, Business Finance, Credit Crunch, Lenders, Sovereign Debt, UK Loans Rates, Uncategorized, nationalisation No Comments
HSBC to axe 30,000 jobs despite pre tax profits rise
The HSBC bank has said it will cut another 25,000 jobs by 2013 and exit operations in 20 countries as it looks to save billions of Pounds.The announcement came as the bank reported pre-tax profits for the first six months of the year of £7 billion, up 3% on the £6.9 billion the bank made [...]
August 5, 2011
Tags: bank lending, bankers, banks, Credit Crunch, Lenders, Loan calculator Posted in: Bankers, Banks, Business Finance, Credit Crunch, Finance, Lenders, UK Loans Rates, Uncategorized No Comments
