In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
Are the Banks getting greedy?
In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly. Read the rest of this entry »
Comparison websites under the hot spotlight.
The centre for competition policy has produced a report saying independent checks need to be made of comparison websites. Read the rest of this entry »
Have we hit the bottom ? - If so, todays Grand National Winner may just be the trigger to take us off it?
I think the worse is behind us, but we are all unfortunatey going to have a painful three month cleaning up exercise. Read the rest of this entry »
LIBOR rises to 6% leading to millions of mortgage payment rises.
The rate at which banks lend to each other has risen to the dizzy heights of December 07. Read the rest of this entry »
Trumpo spends the day with award winning journalists.
Its strange, in a day of credit woes, Trumpo bumps into a guy who has access to $9 trillion. Read the rest of this entry »
Stockmarkets Tumble - Fed Reserve to cut rates by 1% - UK Banks computers say no
It looks like the downturn in the US is now hitting the UK right at its heart - the FTSE 100, pensions and homes. Read the rest of this entry »
Americas very own Northern Rock - Bear Stearns.
It has been confirmed this morning that JP Morgan has acquired bust top 5 US Bank Bear Stearns and after only 7 minutes following the market opening the FTSE is down 100 points. Read the rest of this entry »
Talk of American Interest rates to go down to 0%.
This morning stock markets are falling around the world. Read the rest of this entry »
5 Senior FSA officials fall on their sword over Northern Rock.
I have just been reliably informed that 5 senior persons within the FSA have resigned over the Northern Rock debacle. Read the rest of this entry »
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