Bank of England Governor puts his principles before pay
Bank of England Governor Mervyn King has refused any pay rise for the next two years, opting to keep his salary at £305,764. The Governor of the Bank of England is eligible for an annual 2.5 per cent increase, worth more than £7,500 a year. This is the second time that Mr King has refused [...]
June 7, 2010
Tags: Bank of England, Bernanke, Credit Crunch, ECB, FED, Loan calculator, uk recession Posted in: Uncategorized 
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US to keep loans interest rates low
The Amercian US Federal Reserve repeated its promise to keep interest rates low for an extended period as economic activity remains weak. Releasing the minutes from its December meeting, the central bank committee left the lending rate at zero to 0.25 per cent. There has been no change to the rate since last December. The [...]
December 16, 2009
Tags: Bernanke, FED, home loans, Interest Rates, loans rates Posted in: Uncategorized No Comments
Loans markets end week on a high as Ben Bernanke moves to reassure
Global loans markets experienced the best week in four months on the back of reassuring comments from Federal Reserve chairman Ben Bernanke and expectations of a strong set of results from US banks in the coming weeks. In London, the FTSE100 closed up 7.23 points at 5,161.87, topping out a 173-point rise over the last [...]
October 9, 2009
Tags: Bernanke, Loan calculator, loans Posted in: Uncategorized No Comments
Wall Street lower on gloomy data
US investors opt to take profits on release of disappointing data and as Bernanke warns that America must curb its budget deficit. Gloomy housing sector data and continued layoffs led to a subdued Wall Street opening as investors played safe with their profits after a succession of session gains. Investors were also reacting to a [...]
June 3, 2009
Tags: Bernanke, FED, mortgage calculator, US loans rates, US mortgage rates Posted in: Uncategorized No Comments
Bout of profit taking snaps the equity rally
As feared yesterday we witnessed a sharp bout of profit taking in the equity markets as investors took the opportunity to lock in their profits after a 5% rally last week. The move may have been catalysed by the fact that several large US banks were looking to use common equity issuance to raise funds [...]
May 13, 2009
Tags: Bernanke, FED, inflation, OECD, uk recession 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 jobs data prompts more interest rate fears
The Labor Department reported 334,000 new claims for the week ending August 25, while economists had predicted 322,000 new claims. That was the most new claims since 341,000 in the week ending April 14 and prompted concerns that troubles in the US housing sector are spreading to the labour market. However, with financial markets remaining [...]
August 31, 2007
Tags: Bernanke, FED, Interest Rates Posted in: Uncategorized No Comments
Bernanke plays down need for rate cuts
Ben Bernanke challenged market expectations of early US interest rate cuts on Wednesday, saying he remained comfortable with rates on hold in spite of recent adverse economic data. However, the Federal Reserve chairman said the risks to both inflation and growth had increased in the past few weeks and the US central bank would be [...]
March 28, 2007
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Loans markets calm after massive drops but will this continue
Federal Reserve Chairman Ben Bernanke confirmed his positive outlook on economic growth and indicated that the latest move in stock prices will not alter the Fed’s plans for monetary policy. Yet real concerns about the US economy still remain. We saw the largest percentage drop in new home sales in 13 years. The significant aspect [...]
March 1, 2007
Tags: Bernanke, home loans Posted in: Uncategorized No Comments
Lenders boosted by Bernanke
US government bond prices hit one-month highs on Friday as investors took heart after Ben Bernanke, chairman of the Federal Reserve, said inflation is easing. Weaker than expected data encouraged the bond bulls who felt Mr Bernanke’s comments heralded interest rate cuts in the face of slowing US economic growth. By the week’s end, futures [...]
February 16, 2007
Tags: Bernanke, Interest Rates Posted in: Uncategorized No Comments
