UK Mortgages rates and deals

January 16, 2009

Big losses intensify turmoil for banks

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 8:11 pm

Another big sell-off hit bank stocks after huge losses were reported by US-based Citigroup and Merrill Lynch and investors feared more capital would be needed for Britain’s Barclays, which fell 25%l

Approval grows for toxic assets ‘aggregator’

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 8:11 pm

Speculation is growing that the Obama administration will announce fresh plans to clean up US banks within days of taking office next week, after a top regulator called for a new bank to be set up to unblock the system

Article Writing Can Be Fun

Filed under: General Business — Denis Green @ 12:11 pm

Is it possible to write a business oriented article as well as personal one? Find some tips and tricks to help in this article

Bank of America gets $138bn lifeline

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 12:11 pm

Bank of America is to get capital injection of $20bn as part of a federal government emergency package which will also see the government guarantee most of $118bn worth of loans related to the acquisition of Merrill Lynch

Gieve warns further action needed to aid recovery

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 12:11 pm

Bank’s deputy governor says further action is likely to be needed on interest rates, fiscal stimulus and support for the banking system, to enable the UK economy to recover from recession and the banking crisis

BofA moves closer to rescue package

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 4:11 am

The US Senate voted to release the second $350bn in emergency bail-out funds for the banking sector as Bank of America moved closer to securing a new rescue package, including $15bn in fresh capital and a government backstop for up to $200bn in toxic assets

Dublin nationalises Anglo Irish Bank

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 4:11 am

The Irish government nationalised Anglo Irish Bank, the republic’s third largest lender which has seen the collapse of its share price accelerate in recent days amid fresh reports of large-scale deposit withdrawals

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