Bank reforms outlined by new government
The Conservative -Lib Dem coalition has reiterated its far reaching plans for the reform of the banking sector.The new government plans to introduce a a tax on banks and measures to tackle “unacceptable” bank bonuses, according to its coalition agreement. An independent commission will also be established to look at breaking up banks into their [...]
May 24, 2010
Tags: Bank of England, banks, Barack Obama, Conservatives, FED, finances, IMF Posted in: Uncategorized 
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US housing data puts Obama’s hopes on hold
The fledgling recovery in the US housing market appears to have stalled, reducing the chance of President Barack Obama’s “glimmers of hope” turning into green shoots any time soon. Stock markets were little changed as US consumer prices posted their first annual decline since 1955. Trader John Cetera of Hamilton Executions on the floor Hopes [...]
April 16, 2009
Tags: Barack Obama, inflation, mortgage calculator, new home sales, US loans rates Posted in: Uncategorized No Comments
Equities surge higher
Markets are on a positive feel following yesterdays outline by Tim Geithner on the Public Private Investment Program in the US. The plan involves the US government buying up toxic assets held by banks which will allow the banks to free up their balance sheets. At the moment the debt sits with the banks and [...]
March 24, 2009
Tags: Barack Obama, Credit Crunch, inflation, Quantitative Easing, recession Posted in: Uncategorized No Comments
AIG bonuses backlash risks inflicting permanent damage on Wall Street
Outraged US legislators are pushing through punitive taxes on bonuses not just at AIG but at all recipients of government funds. The hot-headed and unfairly retroactive changes could hurt investor confidence, undermine President Barack Obama’s credibility and damage the still valuable US finance sector. AIG has been especially irresponsible, both with its risk-taking during the [...]
March 23, 2009
Tags: Barack Obama, Credit Crunch, Loan calculator, recession, sub prime loans Posted in: Uncategorized No Comments
US stocks bounce from the lows
Following dreadful US consumer confidence data earlier in the day the Dow posted a 2% rise, this after Bernanke testified to the Senate on the health of the US economy. He again highlighted that the US economy still faces further contraction, however he intimated that the US government would not move to nationalize US banks [...]
February 25, 2009
Tags: Barack Obama, Bernanke, Credit Crunch, uk recession, US mortgage rates Posted in: Uncategorized No Comments
US Dollar under pressure
Last week although the currency markets were choppy, we did not see a significant break out of the current ranges for the main protagonists- GBP/USD, EUR/USD and GBP/EUR. What we did see was more negativity in the equity markets as the Dow fell to the 2002 lows below 7300 amid fears that the US government [...]
February 23, 2009
Tags: Barack Obama, Credit Crunch, recession, US loans rates, US mortgage rates Posted in: Uncategorized No Comments
Where now for the UK?
Following another rollercoaster week in the currency markets we have seen the Pound rally and then submit its gains. Today and tomorrow we have the G7 meeting in Rome and the recent weakness in the pound is expected to be a confrontational topic. Following Wednesday’s Bank Of England inflation report the expectation is that UK [...]
February 13, 2009
Tags: Bank of England, Barack Obama, G7, UK loans rates, uk recession Posted in: Uncategorized No Comments
US economic stimulus reveal
Geithner unveilled absolutely nothing new with regards to the Obama Administration’s financial rescue package. It has a fancy title within it, the Financial Stability Plan and the Public-Private Investment Fund (ie Bad Bank) but little else besides. The ideas are similar to those proffered by the widely lampooned ex Treasury Secretary Paulson and the methods [...]
February 11, 2009
Tags: Barack Obama, consolidate debt loans, falling interest rates, recession, US loans rates Posted in: Uncategorized No Comments
The Federal Reserve posts no surprises on interest rates
With a target Fed Funds Rate ( the rate at which The US major Banks are able to borrow overnight Dollars) already at a 0 – 0.25% level, further cuts are nigh on impossible. Attention therefore was firmly fixed on any mention of more innovative easing initiatives and also the mood of the accompanying statement. [...]
January 29, 2009
Tags: Barack Obama, falling interest rates, FED, Interest Rates, US loans rates, US mortgage rates Posted in: Uncategorized No Comments
Yields, or rather the lack of them
Yields are again the major contributor to the loans calculators debate this morning. Everything that emerged yesterday pointed to a continuation in rate reduction with the lowly levels being maintained through the time horizon. Added to this, Quatitative Easing has raised its profile once again. Yesterday we saw further weak economic data from the Eurozone [...]
January 7, 2009
Tags: Barack Obama, consolidate debt loans, falling interest rates, Interest Rates, Loan calculator Posted in: Uncategorized No Comments
