All Entries Tagged With: "UK Banks"

Alistair Darling ponders on how to get the bank's lending

The UK Government has said they are contemplating further plans to encourage UK banks to increase lending to businesses and households.
Alistair Darling, Chancellor said that injecting more taxpayers money into banks was not the “first port of call”. The Chancellor also added that they will be holding

Close Brothers predict round two of bank bailouts

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Britain’s banks could be forced into a second round of government bail outs as they are set collectively to lose up to £70 billion on loans they made on commercial property, according to reports out on Monday.
Investment bank Close Brothers (LON:CBG) have predicted that commercial property may fall sharply between 50 percent and 60 percent [...]

The largest mortgage lender HBOS down 50 percent on profit

The last six months has seen a decrease in profits for HBOS of 50 percent, the group took a hit of £1.1 billion from investors affected by

US banks more at risk than European firms

We have seen over recent weeks stocks falling significantly, this is a direct result of US banks, such as Fannie Mae and Freddie Mac, and the biggest loser so far has to be IndyMac.
It seems that this trend of banks at risk is more of a problem for US banks rather than European firms. Experts [...]