Mervyn King- quantitative easing will not guarantee rise in bank lending
Bank of England governor Mervyn King has admitted that the central bank’s pumping more money into the economy will not guarantee an increase in lending by commercial banks.Earlier this month, the Bank injected a further £75 billion into the economy in a bid to bolster the UK’s recovery. But Mr King told MPs he thought [...]
October 31, 2011
Tags: bank lending, Bank of England, bankers, Credit Crunch, finances, loans rates, Mervyn King Posted in: Bank Lending, Bank of England, Business Finance, Credit Crunch, Finance, Financial Services, Loans Calculators, Loans Rates, Quantitative Easing, Sub Prime Loans, Uncategorized 
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UK economy at dangerous junction warns Item Club
The UK economy has stalled at a dangerous junction, according to independent forecaster Ernst and Young.The body, whose Item Club uses the same forecasting methods as the government, says the economy needs new growth measures to get back on track. It says uncertainty across the eurozone and a slowing world economy is undermining business confidence. [...]
October 19, 2011
Tags: bank lending, Bank of England, bankers, Credit Crunch, Loan calculator, loans, loans rates, UK loans rates Posted in: Bank of England, Bankers, Banks, Credit Crunch, Debt Management, Financial Services, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Consumers cautious on debt warn bankers
Consumers adopted a cautious approach to borrowing through loans, overdrafts and on credit cards in August according to the major bankers.Repayments on unsecured lending outstripped new borrowing in August by around £100m, figures from the British Bankers’ Association (BBA) showed. The data does reveal a lift in lending in home loans. However, lending remains subdued [...]
September 28, 2011
Tags: bank lending, bankers, banks, home loans, Loan calculator, loans rates Posted in: Bankers, Banks, Finance, Financial Services, Home Loans, Lenders, Loans Calculators, Loans Rates, UK Loans Rates, Uncategorized No Comments
Federal Reserve expects not to raise loans interest rates until 2013
The Federal Reserve has said it expects to keep loans interest rates at their current low levels until at least the middle of 2013.The US central bank admitted in its announcement that America’s economic growth this year had been “considerably slower” than it had expected. It did not say whether it was considering more quantitative [...]
August 26, 2011
Tags: bank lending, bankers, banks, Credit Crunch, Interest Rates, Loan calculator, loans rates, US loans rates Posted in: Banks, Borrowing Costs, Interest Rates, Lenders, Loans Calculators, Loans Rates, Uncategorized No Comments
Loans interest rate rises unlikely in near term says Bank of England
There is a reduced chance of a rise in loans interest rates in the near term the Bank of England policymakers have said. Minutes from its July meeting showed the Monetary Policy Committee voted seven to two in favour of holding rates at 0.5% for the second month in a row. Spencer Dale and Martin [...]
July 18, 2011
Tags: Bank of England, banks, Credit Crunch, Interest Rates, loans rates, UK loans rates Posted in: Bank of England, Bankers, Borrowing Costs, Credit Crunch, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Lloyds TSB’s internet banking suffers online problems
A computer problem has led to internet banking problems for about 2,000 Lloyds TSB customers the bank has confirmed. Many were unable to log on to the internet banking site, with others unable to view all of their account details such as direct debits and standing orders. The bank said the problem came during an [...]
June 1, 2011
Tags: banks, Loan calculator, loans rates, online banking, telephone banking Posted in: Bankers, Banks, Debt Management, Lenders, Loans Calculators, Online Banking, Uncategorized One Comment
Money worries during credit crunch linked to rise in depression
The UK’s economic problems may be fuelling a rise in health depression in England, it has been suggested. Prescriptions for anti-depressant drugs such as Prozac rose by more than 40% over the past four years new data shows. GPs and charities said they were being contacted increasingly by people struggling with debt and job worries. [...]
April 13, 2011
Tags: borrowing, consolidate debt loans, credit cards, Credit Crunch, financial services, home loans, loans rates, refinancing rates Posted in: Bankrupcy, Credit Crunch, Debt Consolidation, Debt Management, Loans Calculators, Uncategorized No Comments
Loans rate rises could stop recovery
Loans interest rates rises could derail recovery accountants warn.A rise in UK interest rates over the next couple of months could derail the economic recovery, says a new report. Accountants BDO said that growth would remain sluggish and any imminent rate rise could prolong the weakness. With inflation at twice the Bank of England’s 2% [...]
March 18, 2011
Tags: Credit Crunch, Interest Rates, Loan calculator, loans rates, UK loans rates Posted in: Borrowing Costs, Credit Crunch, Interest Rates, Uncategorized No Comments
Another Bank of England member wants loans interest rate rise
Another member of the Bank of England’s loans interest rate setting committee says the central bank should start raising rates now to avoid a sharp rise later. “It would protect us from a squeeze later on, needed to get people’s inflation expectations back towards the 2% target,” Martin Weale said. The Monetary Policy Committee (MPC) [...]
February 25, 2011
Tags: Bank of England, inflation, Interest Rates, Loan calculator, loans rates, MPC, UK loans rates, uk recession Posted in: Bank of England, Borrowing Costs, Credit Crunch, Interest Rates, Lenders, Loans Calculators, Uncategorized, inflation 2 Comments
Barclays reports annual profits of £6.07bn
Barclays Bank has reported pre-tax profits of £6.07 billion for the full-year 2010, slightly higher than analysts were expecting. This was a rise of almost a third on the £4.59 billion profit the bank made in 2009, Barclays said. Money put aside for bad loans fell 30% against a year earlier, to £5.67 billion. Group [...]
February 21, 2011
Tags: bank lending, banks, Lenders, Loan calculator, loans rates, personal loans Posted in: Borrowing Costs, Credit Crunch, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized No Comments
