Archive for the ‘Lenders’ Category
Bank of England’s Adam Posen criticises lack of bank lending
Bank of England Monetary Policy Committee member Adam Posen has criticised banks for not lending enough money to small and medium sized businesses.He questioned if bankers were “reluctant, risk-averse jerks”, or if there was a more fundamental problem. He also dismissed banks’ defence that there was little demand for new loans. He said banks had [...]
March 12, 2012
Tags: bank lending, Bank of England, bankers, banks, business finance, Credit Crunch, finances, Loan calculator Posted in: Bank Lending, Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Finance, Lenders, Loans Calculators, Uncategorized 
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RBS Fred’s knighthood shredded
Former RBS boss Fred Goodwin has been stripped of his knighthood.Mr Goodwin, who was heavily criticised over his role in the bank’s collapse in 2008, was given the honour by the Labour government in 2004. The Queen cancelled and annulled the title following Whitehall advice. Prime Minister David Cameron said it was the “right decision”. [...]
March 9, 2012
Tags: bankers, banks, Credit Crunch, Loan calculator, nationalisation, sub prime loans, unemployment Posted in: Bankers, Banks, Financial Services, Lenders, Loans Calculators, Uncategorized, Unemployment, nationalisation No Comments
Cancer charity loses income as bank ends credit card deals
Halifax and Bank of Scotland charity credit cards will be withdrawn from the end of February.The nationalised Lloyds Banking Group which manages the card schemes says they are no longer a cost-effective way of donating to charity. In 2009 the cards raised around £1.1 million for Cancer Research UK, the NSPCC and the Scottish SPCA. [...]
March 7, 2012
Tags: credit cards, Credit Companies, Credit Crunch, Loan calculator, nationalisation, UK loans rates Posted in: Bankers, Banks, Credit Cards, Credit Companies, Credit Crunch, Finance, Lenders, Uncategorized, nationalisation No Comments
Credit companies who send text messages may be fined
Credit companies face raids and fines of up to £500,000 for sending unsolicited text messages about credit or compensation.The Information Commissioner’s Office (ICO) said tackling the issue was a “high priority”. Typical messages claim recipients are entitled to money, promise to write off debts or find a loan, or suggest accident compensation can be claimed. [...]
March 5, 2012
Tags: borrowing, Credit Companies, Credit Crunch, Loan calculator, loans rates, sub prime loans Posted in: Borrowing Costs, Credit Cards, Credit Companies, Credit Crunch, Finance, Lenders, Sub Prime Loans, Uncategorized No Comments
Citigroup posts 2011 profit rise
US banking giant Citigroup has reported a profit of £7.3 billion ($11.3 billion) for 2011, up 6% on the previous year.However, fourth-quarter profit fell 11%, as revenue declined on the back of slower capital markets and rising operating expenses. The third-largest US bank by assets reported net income of £753 million ($1.16 billion), down from [...]
February 23, 2012
Tags: bank lending, bankers, banks, borrowing, Loan calculator, US loans rates Posted in: Bank Lending, Bankers, Banks, Financial Services, Lenders, Loans Calculators, Uncategorized No Comments
Renewed surge in PPI complaints to financial ombudsman
A fresh jump in payment protection insurance (PPI) complaints has driven up the total number of cases going to the Financial Ombudsman Service (FOS).The FOS received 55,907 complaints in the last three months of 2011, up by 10% from the previous three months. That was due to a 57% jump in PPI complaints during the [...]
February 21, 2012
Tags: bank lending, bankers, borrowing, Loan calculator, loans rates, UK loans rates Posted in: Bank Lending, Bankers, Banks, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Wonga stops targeting loans at students after protests
Loan company Wonga has removed pages from its website after it was branded “incredibly irresponsible” for targeting students.However the lender said it would still accept applications for short term loans from working students. The National Union of Students (NUS) said it was wrong for the company to push the loans – with a typical APR [...]
February 17, 2012
Tags: bank lending, Credit Crunch, debt management plans, personal loans, sub prime loans Posted in: Bank Lending, Borrowing Costs, Debt Management, Interest Rates, Lenders, Loans Calculators, Loans Rates, Payday Loans, Sub Prime Loans, Uncategorized No Comments
Consumers still looking to cut debts say bankers
People are continuing to pay down their debts- despite High Street stores offering discounts to tempt shoppers, according to figures from the British Bankers’ Association (BBA).Retail sales grew last year but there was little demand for loans and overdrafts, the BBA said. Credit card borrowing slightly increased, but mainly as a result of the interest [...]
February 10, 2012
Tags: bank lending, bankers, Credit Crunch, Debt Consolidation, home loans, Loan calculator, sub prime loans Posted in: Bank Lending, Bankers, Business Finance, Credit Crunch, Finance, Lenders, Loans Calculators, Uncategorized No Comments
Northern Rock sale investigated by National Audit Office
The £747 million sale of Northern Rock to Virgin Money is to be investigated by the National Audit Office (NAO).NAO head Amyas Morse confirmed the audit in a letter to shadow financial secretary Chris Leslie, but added that he had no power to intervene. The sale of the state-owned bank is likely to mean a [...]
February 1, 2012
Tags: Bankrupcy, banks, borrowing, Credit Crunch, debt management plans, Loan calculator, nationalisation, refinancing rates, sub prime loans, uk recession Posted in: Bankers, Bankrupcy, Credit Crunch, Debt Consolidation, Finance, Financial Services, Lenders, Loans Calculators, Uncategorized, nationalisation No Comments
Bank of Dad and Mum keeps subsidising youngsters
Bank of Dad and Mum keeps lending to children.Tradition has it that the keys to the family home are handed over to a young man or woman when they reach the age of 21. But the tradition has become obsolete. Nowadays, it may be more appropriate for sons and daughters to give the keys to [...]
January 30, 2012
Tags: bank lending, banks, borrowing, Credit Crunch, Loan calculator, personal loans, refinancing rates, sub prime loans, uk recession Posted in: Bankers, Borrowing Costs, Credit Crunch, Finance, Home Loans, Lenders, Sub Prime Loans, Uncategorized No Comments
