Bank cuts rates by 50 points to 0.5%
The Bank of England’s monetary policy committee cut its key rate by half a percentage point, as was widely expected, and unveiled plans to combat slumping demand through ‘quantitative easing’
March 5, 2009
UK interest rates lowered to 0.5%
The Bank of England cuts interest rates to 0.5%, and says it is boosting the money supply to help revive the economy.
Aviva holds dividend but shares plunge
Insurer says its geographic and sectoral spread between fund management, life and general insurance businesses will allow it to weather further disruption in the global economy
The Mystery of the Vanishing Honeybee
An important and sad look at the disappearing of the honeybee and what we can do to reverse it
Barclays questioned on funds
Lehman Brothers’ US liquidators have asked Barclays to explain what happened to an estimated $3.3bn earmarked for bonuses and other liabilities that the UK bank received when it acquired part of the bankrupt Wall Street company last year
Report: 20% of Home Mortgages Were Underwater in December
CHICAGO — Twenty percent of all U.S. residential properties that had a mortgage on them were underwater at the end of December, with mortgage debt greater than what the homes were worth, according to a report released Wednesday by First American CoreLogic. That&##x27;s more than 8.3 million mortgages …
Barclays questioned on bonus funds
Lehman Brothers’ US liquidators have asked Barclays to explain what happened to an estimated $3.3bn earmarked for bonuses and other liabilities that the UK bank received when it acquired part of the bankrupt Wall Street company last year