IKB lands large catch of subprime problems
subprime mortgage market. IKBs troubles went from bad to worse this week after it was ... sheet vehicles that specialise in buying structured credit instruments, such as collateralised debt obligations backed ... largest is Grampian, run by HBOS, the UK bank, worth $30bn. ...
Britain facing 6 per cent interest rates
By Karen Attwood Interest rates in the UK should have to rise only one more ... food costs, made worse by the exceptionally bad weather causing flood damage to crops, has ... by global equity market turmoil and widening credit spreads, although for now at least the ...
US interest rates left unchanged
Tuesday, 7 August 2007, 18:16 GMT 19:16 UK US interest rates have been kept on ... have been mounting amid a rise in bad debts, particularly in the housing sector. Elsewhere, ... which lend money to people with poor credit histories - have issued profit warnings. Others, ...
Standard Chartered profits jump, eyes more M&A
of the top performers in a strong UK share market and lifting the bank's value ... this year. The group's first-half charge for bad debts was $361 million, up 3 percent ... impairments. It had not seen any significant credit deterioration in its markets following recent credit ...
Fed set to leave rates unchanged
Tuesday, 7 August 2007, 11:21 GMT 12:21 UK US interest rates are widely expected to ... have been mounting amid a rise in bad debts, particularly in the housing sector. Elsewhere, ... which lend money to people with poor credit histories - have issued profit warnings. Others, ...
Stubborn inflation piles pressure on the Bank
accountants KPMG, said, The two powerhouses behind UK retail - the food and drink and ... retail sales in July was not as bad as expected. Economists at the Royal Bank ... stock markets on fears of a global credit crunch. ...
UK bank profits boom, but retail headwinds stiffen
UK bank profits boom, but retail headwinds stiffen ... and insurance products and more evidence that bad debts on unsecured loans have peaked provided ... due to worries about exposure to difficult credit markets, weak equity markets and as investors ...
Grant Thornton warns that drop in personal insolvencies is not the turning point
our experience, many individuals are running up credit card debts of 60,000 to 70,000 plus ... liquidity levels. However, lending conditions within the UK debt restructuring market are increasingly contracting with ... effects caused by the recent and protracted bad weather and to the effects of continuing ...
UK Interest Rates Kept On Hold |
their prices, adding to inflationary concerns. The UK economic growth, as measured by GDP, accelerated ... this week as investors responded to more bad news related to problems in the US ... outlook as a bit more worrying and credit demand as uncomfortably high. According to an ...
FTSE dips, tracking Wall St. on credit concerns
on Monday on fresh concerns over global credit markets after Bear Stearns (BSC.N: ) said ... Dolphin. "What we have got is a bad case of sentiment affecting the market at ... problems could hurt the investment bank's profits. UK-listed financial stocks took a beating, shaving more ...