G20 summit credit crunch told UK banks told to lend less or boost funds by £130bn
Britain’s banks will have to permanently bolster their balance sheets by as much as £130bn – equivalent to £5,200 for every household in Britain – under new rules agreed by G20 world leaders- or else cut back their lending. The heads of state and finance ministers at the Toronto G20 summit agreed that in future [...]
June 30, 2010
Tags: Bank of England, banks, consolidate debt loans, G20, refinancing rates Posted in: Uncategorized 
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Australia raises loans rates from 49 year low
The Reserve Bank of Australia signalled its confidence in the country’s economic recovery yesterday when it became the first G20 central bank to raise interest rates since the global downturn. The move comes amid growing concern that the emergency rate cuts and liquidity operations put in place around the world over the last year may [...]
October 7, 2009
Tags: Aussie loans rates, consolidate debt loans, G20, home loans, Loan calculator Posted in: Uncategorized No Comments
G20 summit- European demands threaten to wreck deal
France and Germany delivered a late threat to derail Gordon ditherer Brown’s efforts to secure a global recovery deal last night by demanding new concessions from the United States on financial regulation. In a classic show of eve-of-summit brinkmanship, Angela Merkel and Nicolas Sarkozy joined forces to give warning that they would refuse to sign [...]
April 2, 2009
Tags: Credit Crunch, G20, Loan calculator, sub prime loans Posted in: Uncategorized No Comments
German retail sales fall
German retail sales for February have fallen 0.2% against the consensus of a rise of 0.2% this morning reinforcing the weak sentiment in Germany. Yesterday we saw unemployment levels rise to 8.6% as the powerhouse of Europe comes under real pressure- this will heighten the cause for more action from the ECB tomorrow. Today, news [...]
April 1, 2009
Tags: Bank of Japan, ECB, falling interest rates, G20, Loan calculator, unemployment Posted in: Uncategorized No Comments
G20 unity spells end of Brown’s ‘New Deal’
Gordon Brown’s plans for a $2 trillion (£1.4 trillion) “New Deal” to revive the global economy have been quietly dropped to preserve the facade of unity as world leaders gather in London for the G20 summit. The US and Britain have both backed away from spending proposals worth 2pc of global GDP, accepting that each [...]
March 30, 2009
Tags: china, consolidate debt loans, Credit Crunch, G20 Posted in: Uncategorized No Comments
Gordon Brown’s G20 dream fades amid European hostility
Gordon ditherer Brown’s hopes of leading the world out of recession at next month’s pivotal summit in London were undermined yesterday when European leaders flatly rejected calls for a further massive stimulus package. The incompetent Prime Minister has been forced to lower expectations for the G20 summit, where leaders of the richest 20 countries will [...]
March 20, 2009
Tags: Credit Crunch, G20, recession, UK loans rates, uk recession Posted in: Uncategorized No Comments
G20 meeting springs little surprise
There was actually very little focus at the G20 on the forex markets and recent volatility. The main interest was the pledge to double the amount of resources of the IMF, this essentially comforted the markets and encouraged risk appetite. For the week ahead, the main highlight will be the US interest rate decision on [...]
March 16, 2009
Tags: Credit Crunch, G20, Loan calculator, uk recession, US loans rates, US mortgage rates Posted in: Uncategorized No Comments
G20 Fail to satisfy markets on immediate measures
The results from the G20 meeting are at first sight disappointing. Barack Obama didn’t show, there was no mention of further co-ordinated monetary easing and no agreement on the wisdom of a large global fiscal stimulus. Only an agreement to lay out a work plan, to be finalised before the next get-together in April next [...]
November 17, 2008
Tags: Bank of Japan, falling interest rates, G20, recession, refinancing rates Posted in: Uncategorized No Comments
