Central banks act as economy hits dangerous new phase
Five central banks have announced a co-ordinated move to try to help the financial system, as the boss of the International Monetary Fund warns of a “dangerous” new economic phase.The central banks are to provide commercial banks with three additional tranches of loans to help ease funding pressures. Banking stocks rose sharply, with BNP Paribas [...]
October 7, 2011
Tags: bank lending, Bank of England, bankers, finances, IMF, Loan calculator, nationalisation, sovereign debt, sub prime loans Posted in: Bankers, Banks, Borrowing Costs, Business Finance, Credit Crunch, Finance, Financial Services, Loans Calculators, Sovereign Debt, Uncategorized 
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IMF downplayed economic risks ahead of 2008 crisis official report finds
An investigation into the International Monetary Fund (IMF) has said that the agency downplayed the UK’s economic risks ahead of the 2008 financial crisis. The organisation provided few clear warnings about the risks, the study found. The IMF’s ability to identify risks was hindered by “group think” and a belief that a crisis in developed [...]
February 16, 2011
Tags: bank lending, Credit Crunch, IMF, Lenders, sovereign debt, sub prime loans Posted in: Borrowing Costs, Credit Crunch, Debt Management, Lenders, Loans Calculators, Sovereign Debt 2 Comments
Eurozone interest rates still held at 1%
The European Central Bank (ECB) has kept interest rates on hold at 1% as was widely expected.It is the 17th consecutive month the rate has stayed at the record low, amid concerns over the economic outlook. Earlier, the International Monetary Fund warned that the eurozone would see only moderate growth this year and next. There [...]
October 14, 2010
Tags: Bank of Japan, ECB, eurozone, IMF, Interest Rates Posted in: Uncategorized One Comment
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 No Comments
Sovereign debts pose new threat to global economy
Rising government debt is creating new risks to global financial stability, the IMF has warned. The IMF warned that the increase in sovereign debt would put new pressure on lending markets just as the world’s banks try to refinance about £3.5 trillion in short term borrowings. However, the fund has cut its estimate of the [...]
April 23, 2010
Tags: bonds, borrowing, consolidate debt loans, Greece, IMF, Loan calculator, loans, sovereign debt Posted in: Uncategorized No Comments
Latvian loans rates hit EC banks
Latvian crisis deepens as Europe debates aid as Latvia has been urged to tighten its public finances with fears escalating that the recession hit Eastern European country is facing a huge currency devaluation. The failure of a government bond auction yesterday heightened fears that the tiny Baltic state will have to devalue its currency, the [...]
June 5, 2009
Tags: consolidate debt loans, ECB, euro, IMF, Loan calculator, sub prime loans Posted in: Uncategorized No Comments
IMF forecasts recovery despite Eurozone GDP fall
The IMF said that they expects the global economy to recover in the first half of next year despite worse-than-expected figures from the eurozone economy showing that GDP shrank by 2.5 per cent during the first quarter. The quarterly fall in GDP in the eurozone– a key measure of economic health – takes the annual [...]
May 15, 2009
Tags: Credit Crunch, euro, IMF, Quantitative Easing, recession Posted in: Uncategorized No Comments
Alistair Darling’s Budget derided as ‘fantasy’
Alistair Darling’s 2009 Budget has been derided as a stew of unrealistic forecasts and missed opportunities, after the labour Chancellor conceded the current slump is comparable with the Great Depression but insisted it would be over by Christmas. Mr Darling cemented his reputation as the Chancellor with the worst forecasting record in modern history after [...]
April 23, 2009
Tags: Bank of England, BoE, IMF, labour liars, UK loans rates, uk recession Posted in: Uncategorized No Comments
Europe on the brink of currency crisis meltdown
The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully fledged economic slump. Currency pegs are being tested to destruction on the fringes of Europe’s monetary union in a traumatic upheaval that recalls [...]
November 3, 2008
Tags: Bank of England, Credit Crunch, ECB, IMF, Loan calculator, sub prime loans Posted in: Uncategorized No Comments
