Warning on packaged bank accountsWed, 10 Mar 2010 16:52:55 GMT ... have to come up with other ideas. But intensified competition for depositors' money will put even more pressure on the UK's building societies. Many are currently "hibernating", the FSA said, finding it hard to make any profit with savers rates at ... A look at global economic developmentsWed, 10 Mar 2010 20:55:32 GMT China's exports surged in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise. Northern Rock Bounces BackWed, 10 Mar 2010 08:00:00 GMT The British bank that was once a symbol of the devastating effects of the global credit crunch looks to finally be on the mend. Principle First to offer remote financial adviceWed, 10 Mar 2010 18:43:31 GMT Principle First Chartered Financial Planners has become the first independent financial planning specialist in the UK to offer remote financial advice. Airline Stocks: Airline stocks soar, stretching to new highsWed, 10 Mar 2010 18:58:00 GMT ... British Airways and Iberia move to secure alliance American Airlines, British Airways /quotes/comstock/23s!a:bay ( UK:BAY 231.40 , +8.20 , +3.67% ) and Iberia have taken significant step toward allaying antitrust regulators' concerns over their ... Countrywide has launched a new reward scheme for mortgage customersWed, 10 Mar 2010 14:41:52 GMT ... for a family of four. Grenville Turner, group chief executive of Countrywide, said: "Over 85% of people in the UK are involved with at least one type of reward scheme and its commonplace to collect points when grocery shopping, booking flights and ... FSA to impose stricter tests on banksWed, 10 Mar 2010 13:45:33 GMT ... in 2009 and unemployment rising to 5.4% from 4.7% now. He said, though, that the "most problematic" scenario would be for UK growth to be slower than the rest of the world, with commodity prices rising and sterling depreciating, forcing the Bank of ... Nationalized UK bank Northern Rock back in profitWed, 10 Mar 2010 12:06:00 GMT ... take in Royal Bank of Scotland and a 43 percent stake in Lloyds Banking Group. ___ On the Net: http://www.northernrock.co.uk/ Standard Life reports improved 2009 results in CanadaThu, 31 Dec 2009 08:00:00 GMT Note: All figures are based on Canadian GAAP measures and shown in Canadian dollars. Treasury-Bund Yield Spread May Double This Year,...Wed, 10 Mar 2010 13:13:41 GMT The premium investors demand to hold Treasuries over German bunds may double in 2010 as Europe's central bank is forced to keep interest rates on hold while the Federal Reserve prepares to tighten, F&C Netherlands BV said. Would a Conservative Victory Improve the UK Mortgage Market?Tue, 09 Mar 2010 08:00:00 GMT * 53 per cent of homeowners believe a change of government would have no impact on the housing market.* 54 per cent of homeowners say that an increase in product choice or eligibility, rather than interest rates, would be a key factor in persuading them to re-mortgage.* Lenders need to improve loan-to-values and relax underwriting ... China's Housing Bubble Spells TroubleWed, 10 Mar 2010 10:59:54 GMT ... to me. This is meaningless in and of itself until you compare it with the long-term sustainable price-rent ratio for the UK, which is 21 according to the Bureau of Labor Statistics. The danger implied by this number is even more startling when one ... MoreWed, 10 Mar 2010 10:34:59 GMT ... markets were little changed Wednesday even as surging Chinese exports pointed to a pickup in global trade. Nationalized UK bank Northern Rock back in profit 03/10/2010 1:48am Nationalized mortgage lender Northern Rock said Wednesday that it returned ... Earnings Watch: Updates, advisories and surprisesWed, 10 Mar 2010 13:31:09 GMT Bank of America Merrill Lynch analyst Doug Leggate on Wednesday cut his rating on Chevron /quotes/comstock/13*!cvx /quotes/nls/cvx to neutral from buy and set a price target of $90 a share for the stock. Scottish Business Briefing - Wednesday 10 March, 2010Wed, 10 Mar 2010 08:30:40 GMT ... comprehensive round-up of all news affecting business in Scotland today. ECONOMY Gordon Brown is hit by fresh doubts over UK plc as exports crash GORDON Brown's strategy to drag Britain out of the current economic crisis is "not credible", it was ... New credit crunch risk as banks face funding crisisWed, 10 Mar 2010 06:38:57 GMT Jonathan Pierce, from Credit Suisse, believes UK banks will have to reduce the size of their balance sheets by as much as 530bn over the next three to four years to meet new regulations. Foreign Investment In Distressed US Properties Is Expected To GrowTue, 09 Mar 2010 15:45:00 GMT ... a trade group representing 3trn ($4.5trn) in assets under management, says property investments outside of Europe and the UK are now the top sector, selling at 373m. The same time last year it stood as the 24th most popular sector. This a continuing ... MP in drive to help tenantsWed, 10 Mar 2010 01:58:54 GMT ... Mrs McCafferty said: a oeIt is estimated that there are currently 324,000 residential-turned-let households in the UK and many of those tenants are not entitled to local authority housing should they become homeless. a oeFurthermore, according to ... Scandal of banks bailed out by taxpayer refusing to offer cheap mortgagesTue, 09 Mar 2010 22:28:43 GMT ... forced to start repaying from 2011 - and consumers are literally paying the price.' In a study of the rates from the main UK banks over the last year, Moneyfacts showed that Cheltenham & Gloucester rates on a two-year fixed-rate deal at 75 per cent ... Bond Report: Treasurys up after 3-year auction, Europe worriesTue, 09 Mar 2010 21:22:00 GMT Treasury prices advanced on Tuesday, pushing yields down from their highest in two weeks, buoyed by investor support at the government's sale of 3-year debt, the first of three big note and bond auctions this week. |