All Entries Tagged With: "Finance"
UK Banks RBS, Barclays and Lloyds see stocks rise
A handful of UK banks have seen their stocks rise for the first time in four days, following speculation that the UK government will help to revive the global economy. Three of the UKs main banks, Royal Bank of Scotland Group plc, (NYSE:RBS), Barclays PLC (NYSE:BCS) and Lloyds TSB Group plc (NYSE:LYG) all saw increase [...]
Worst declines since Black Monday 1987 for Wall Street
Today is one of the worst days since Black Monday 1987 in Wall Street. Major indexes have seen their largest percent drop since that day 21 years ago. Wall Street was hoping that congress would pass the government’s $700 billion financial system rescue plan, but it was not good news.
New saving accounts in the UK up by two-thirds
Consumers have been taking advantage of high saving rates at UK building societies; the new saving accounts grew by two-thirds in the first half of
Yorkshire Building Society cuts mortgage rates
Yorkshire Building Society are cutting some of their fixed rate mortgages by up to 0.5%, the lender will also be introducing a new low-rate product.
Yorkshire Building Society has said that they are responding to the
Wachovia looks for new Chief Financial Officer
Wachovia has announced today that Chief Financial Officer, Thomas J. Wurtz plans to leave the bank. The company has now started their search for his successor.
Robert K. Steel, President and CEO of
FDIC troubled bank list still lower than 1980s and early 1990s
Back in May there was just 90 institutions that were on the FDIC troubled bank list, this number could grow when the latest readings are read in August, but they will still be lower than they were back in the 1980’s and early 1990’s.
Despite the recent collapse of IndyMac, analysts still maintain that the
Bank of England to release its balance sheet today
Today will see the Bank of England release their balance sheet for the year ending 31st March 2008, and it is looks as though it will make some interesting reading considering the year that we have had.
In the balance sheet it is expected to contain details about the level of
100% mortgage all but dead will 95% mortgages be next
The housing market seems to be stuck between a rock and a hard place at the moment, house prices have fallen by 6.9% in the past year and many would have thought that would be great news for first-time buyers, as things should be easier for them to get on to the housing ladder.
However; this [...]
FSA ban and fine mortgage broker £129k for fraud
Mortgage broker Sadia Nasir, director of Ilford-based London Mortgage and Financial Services, who traded under the name House of Finance has been banned and fined 129k for fraud. The broker entertained her own details on client’s application forms.
Nasir also submitted seven false mortgage applications as well as
HBAS announces partnership with Simplyzigzag.com
Home Buyers’ Advisory Service (HBAS) and Simplyzigzag.com has announced a new partnership with each other, HBAS is a specialist independent mortgage adviser who offer their clients a stress-free way of finding the best mortgage deal for them while they search
30-year fixed-rate mortgages fall to 6.35 percent
30-year fixed-rate mortgages had been rising for five months in a row, but now there is a decline, the Federal Reserve has said that this is a good signal and it has eased worries of an imminent rate increase.
Freddie Mac had reported that 30-year fixed-rate mortgages were
Mortgage lending by building societies fall by 90%
Building Societies Association (BSA) has now released figures that mortgage lending by building societies have fallen by 90% over the past year. On a month by month basis the money that building societies lend has been falling steadily, but it is this past month that it has
Property repossession climbs 26% in one year
It seems that more UK mortgage lenders are having to repossess homes, as people struggle to keep up with their payments. In a recent survey carried out by e.surv Chartered Surveyors, they have found sustained growth in valuations on
25 year fixed rate mortgage: is it the right choice
With the current mortgage crisis going on we are all looking for the best deals, but these are now getting hard to come by. Kent Reliance Building Society might just have the answer for those who like to take a gamble. The mortgage lender is now offering you a
Reverse mortgages to grow by 30 to 40 percent next year
If you are aged at least 62 and are a homeowner, then you are sitting on a goldmine when it comes to the amount of money that you have in your home. Just ask retiree, Maurice Shapiro, he is now about to take a relaxing cruise to