Archive for October, 2011
Mervyn King- quantitative easing will not guarantee rise in bank lending
Bank of England governor Mervyn King has admitted that the central bank’s pumping more money into the economy will not guarantee an increase in lending by commercial banks.Earlier this month, the Bank injected a further £75 billion into the economy in a bid to bolster the UK’s recovery. But Mr King told MPs he thought [...]
October 31, 2011
Tags: bank lending, Bank of England, bankers, Credit Crunch, finances, loans rates, Mervyn King Posted in: Bank Lending, Bank of England, Business Finance, Credit Crunch, Finance, Financial Services, Loans Calculators, Loans Rates, Quantitative Easing, Sub Prime Loans, Uncategorized 
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One in 10 students could be deterred by university tuition fees
Higher university fees are putting off one in 10 potential students new research has found.The survey of 1,009 A-Level students in England found most would probably still go to university despite higher fees. But about half said they would consider selecting a university closer to home to cut living costs, or one abroad with cheaper [...]
October 28, 2011
Tags: Credit Crunch, finances, independent finance, student loans Posted in: Borrowing Costs, Credit Crunch, Debt Management, Finance, Loans Calculators, Uncategorized, Unemployment No Comments
Bank lending warning from Treasury Committee
New rules on banks are making it more difficult for them to lend, according to the chairman of the UK’s Treasury Committee, Andrew Tyrie.Mr Tyrie has written to the Bank of England and Financial Services Authority asking them to investigate the impact of the new regulations. Mr Tyrie warned that the eurozone crisis was already [...]
October 26, 2011
Tags: bad debts, bank lending, Bank of England, bankers, borrowing, Credit Crunch, refinancing rates Posted in: Bank Lending, Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Financial Services, Loans Calculators, Uncategorized No Comments
Debt collectors target Facebook to reclaim money owed
Debt collectors are increasingly using social networking sites like Facebook to target debtors.The Office of Fair Trading is warning debt collectors not to pursue people who owe them money on social networking sites such as Twitter and Facebook. It is concerned that embarrassing details about their financial problems will be revealed on the internet. The [...]
October 24, 2011
Tags: bad debts, bankers, borrowing, consolidate debt loans, Credit Crunch, debt management plans Posted in: Bank Lending, Bankers, Borrowing Costs, Debt Consolidation, Debt Management, Finance, Home Loans, Lenders, Loans Calculators, Sub Prime Loans, Uncategorized No Comments
Goldman Sachs reports £245 million loss on eurozone impact
Goldman Sachs has reported a quarterly loss, after its trading was “significantly impacted” by the debt crisis in the eurozone and the wider global economic uncertainty.The US bank made a net loss of £245 million for the third quarter of 2011. A year earlier, it made a whopping £1.18 billion profits. Goldman’s group-wide revenues fell [...]
October 21, 2011
Tags: bad debts, bank lending, bankers, Credit Crunch, euro, Loan calculator, sub prime loans, US loans rates Posted in: Bank Lending, Bankers, Banks, Business Finance, Credit Crunch, Financial Services, Gold, Uncategorized No Comments
UK economy at dangerous junction warns Item Club
The UK economy has stalled at a dangerous junction, according to independent forecaster Ernst and Young.The body, whose Item Club uses the same forecasting methods as the government, says the economy needs new growth measures to get back on track. It says uncertainty across the eurozone and a slowing world economy is undermining business confidence. [...]
October 19, 2011
Tags: bank lending, Bank of England, bankers, Credit Crunch, Loan calculator, loans, loans rates, UK loans rates Posted in: Bank of England, Bankers, Banks, Credit Crunch, Debt Management, Financial Services, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Payday loans debt quadrupled advisory service says
The number of people running into debt through payday loans has quadrupled in two years, according to one debt advisory service.Payday loans are small, short-term unsecured loans designed to tide people over until they get their salary. The Citizens Advice Bureau says it is too easy to obtain such credit and is calling for tighter [...]
October 17, 2011
Tags: bank lending, bankers, borrowing, Credit Crunch, debt management plans, Loan calculator, payday loans, sub prime loans Posted in: Bankers, Borrowing Costs, Credit Crunch, Finance, Interest Rates, Lenders, Loans Calculators, Loans Rates, Online Banking, Payday Loans, Sub Prime Loans, Uncategorized No Comments
UK financial firms downgraded by Moody’s credit rating agency
Moody’s has downgraded the credit rating of 12 UK financial firms including Lloyds TSB, RBS, Nationwide and Santander UK.Moody’s said it now believed the UK government was less likely to support some firms if they got into trouble. However, the firm emphasised that the downgrades did not “reflect a deterioration in the financial strength of [...]
October 14, 2011
Tags: bank lending, bankers, banks, borrowing, Credit Crunch, Loan calculator, loans Posted in: Bank Lending, Bankers, Borrowing Costs, Business Finance, Credit Crunch, Debt Consolidation, Finance, Independent Finance, Lenders, Loans Calculators, Online Banking, UK Loans Rates, Uncategorized No Comments
Bank of England injects further £75 billion into UK economy
The Bank of England has said it will inject a further £75 billion into the economy through quantitative easing (QE).The Bank has already pumped £200 billion into the economy by buying assets such as government bonds, in an attempt to boost lending by commercial banks. But this is the first time it has added to [...]
October 12, 2011
Tags: bank lending, Bank of England, bankers, borrowing, consolidate debt loans, debt management plans, Quantitative Easing, UK loans rates Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Finance, Interest Rates, Lenders, UK Loans Rates, Uncategorized No Comments
Trading Standards confiscates cash after complaints from loan firm
Trading Standards is taking consultancy payments from a firm which is also the subject of customer complaints.West Yorkshire Trading Standards (WYTS) received payments from online loans broker SGE Loans in exchange for regulatory advice. But some customers claim that SGE Loans has debited their bank accounts without consent – a claim SGE Loans denies. WYTS [...]
October 10, 2011
Tags: bad debts, borrowing, consolidate debt loans, Credit Crunch, finances, Interest Rates, Loan calculator, loans, refinancing rates, sub prime loans Posted in: Borrowing Costs, Business Finance, Credit Crunch, Debt Management, Finance, Financial Services, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
