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....Mr Dearlove declined to answer questions from BBC Panorama. Until recently a member of staff at each of the biggest banks, the Libor submitter, would say what interest rate they thought the bank would have to pay to borrow money. ... [Read full article on BBC ]
Sunday 9th of April 2017 11:01:47 PM
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.... The company would not disclose where it had taken place. The lender, which offers loans at interest rates starting at 1,286% a year, became aware of a problem last week but did not realise until Friday that data could be accessed externally. ... [Read full article on Guardian ]
Sunday 9th of April 2017 11:33:39 AM
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. Two former Barclays traders have been acquitted by a jury of conspiring to rig Libor, which is used to set interest rates. ... [Read full article on BBC ]
Thursday 6th of April 2017 10:12:09 AM
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....5bn after higher inflation, said Hargreaves Lansdown analyst Laith Kalaf. "The supermarket is facing the prospect of a rise in pension contributions because its scheme valuation is rather inconveniently taking place now, when interest rates are low and inflation is rising, both of which will serve to magnify the deficit," he said. ... [Read full article on BBC ]
Wednesday 12th of April 2017 06:37:34 AM
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. Millions of students and former students in England and Wales will face a sharp increase in interest rates on tuition fees and maintenance loans. ... [Read full article on BBC ]
Wednesday 12th of April 2017 11:02:18 AM
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....All of this to-ing and fro-ing eats up cash and time - and for Spotify, the clock is ticking. In March last year, the firm raised $1bn from investors at an interest rate of 5% a year, plus a discount of 20% on shares once they list. ... [Read full article on BBC ]
Friday 7th of April 2017 01:55:50 AM
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....Staley is a veteran US banker and took the helm at Barclays in December 2015. He pledged to overhaul its culture, which had been in the spotlight due to the bank’s involvement in rigging the Libor interest rate, for which it was ordered to pay a fine of nearly £290m. ... [Read full article on Guardian ]
Monday 10th of April 2017 09:06:17 AM
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....Although the inflation rate remained unchanged from February, it remains above the Bank of England's target of 2% and is the highest since September 2013. "Inflation may be steady, but it's still currently outpacing wages and interest rates, which spells trouble for households and cash savers," said Laith Khalaf, senior analyst at Hargreaves Lansdown. ... [Read full article on BBC ]
Tuesday 11th of April 2017 08:32:36 AM
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....However, campaign groups such as Generation Rent, say the changes could dampen property speculation and create a fairer market. The table (below left) provided by John Charcol shows how the tax change might work in practice, and is based on a 40% taxpayer with a £450,000 house, on which they have a £337,500 interest-only mortgage with an interest rate of 5. ... [Read full article on Guardian ]
Saturday 1st of April 2017 06:00:17 AM
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....All of these former Bradford & Bingley borrowers are buy-to-let investors. 90% are on average interest rates of only 1. ... [Read full article on BBC ]
Friday 31st of March 2017 06:57:25 AM
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. Students appear to be paying a heavy price for the UK’s inflation surge after the Brexit vote, which will drive the interest rate on their loans up by a third to 6. ... [Read full article on Guardian ]
Tuesday 11th of April 2017 05:31:05 PM
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....George Salmon, equity analyst at Hargreaves Lansdown, said the proposed deal was the latest in a string of approaches for UK companies since the Brexit vote last June and the subsequent sharp fall in the pound. “The deal comes hot on the heels of Kraft Heinz’s bid for Unilever and 21st Century Fox’s approach for Sky, and further transatlantic deals may be flushed out by the strong dollar and rising US interest rates. ... [Read full article on Guardian ]
Tuesday 18th of April 2017 07:27:27 AM
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....4% when it was bailed out by the taxpayer at the height of the financial crisis. Analysts said the firm was exposed to record low interest rates, which make it harder for banks to increase profits, and the health of the UK economy. ... [Read full article on BBC ]
Thursday 27th of April 2017 06:33:36 AM
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. A prolonged period of low interest rates will tempt banks to take greater risks and sound the death knell for final salary pensions, the International Monetary Fund has warned. ... [Read full article on Guardian ]
Thursday 6th of April 2017 02:30:06 PM
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.... The Washington-based organisation said global financial stability had continued to improve, helped by a pick-up in economic growth. But it expressed concerns about the ability of heavily-indebted US corporations safely to fund higher investment during a period of rising interest rates. ... [Read full article on Guardian ]
Wednesday 19th of April 2017 12:30:21 PM
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.... This was evident in the rise in the prices charged balance, which picked up once again to its highest since September 2008," she said. "However, we continue to think that the support provided by the lower pound and rock-bottom interest rates should prevent growth from slowing too sharply in the quarters ahead. ... [Read full article on BBC ]
Wednesday 5th of April 2017 09:28:30 AM
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.... Consumption is expected to moderate further this year as increasing inflation erodes households’ purchasing power,” said James Warren, research fellow at the thinktank. As a result, the Bank of England would likely ignore rising price pressures from the weak pound in favour of shoring up growth and be in no hurry to raise interest rates from their all-time low of 0. ... [Read full article on Guardian ]
Friday 7th of April 2017 04:34:17 PM
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....The Co-op Bank put itself up for sale in February after it was unable to reach a strong enough footing to satisfy regulatory requirements. It blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the PRA's rules. ... [Read full article on BBC ]
Friday 7th of April 2017 08:03:17 AM
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.... She resigned for failing to stick to the letter of the rules on disclosing family connections within the industry. But these departures will leave no women at all on the nine-member MPC - arguably the most public of the Bank of England's faces as it sets interest rates - and only one woman on its three main policymaking committees. ... [Read full article on BBC ]
Friday 28th of April 2017 04:25:28 PM
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....European Central Bank (ECB) head Mario Draghi has said the eurozone's economic recovery is "increasingly solid" and faces fewer risks. But he added that inflation in the 19-nation bloc was still not high enough to raise interest rates. ... [Read full article on BBC ]
Thursday 27th of April 2017 12:21:29 PM
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....Lloyd’s financial figures for 2016 were the secondary story, but should not be ignored. Not for the first time, they told a tale of specialist insurance risk being seriously mis-priced in a world of low interest rates. ... [Read full article on Guardian ]
Thursday 30th of March 2017 06:38:10 PM
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.... Clothing and footwear prices were another factor, rising 2% between February and March. Some economists predict inflation reaching 3% this year although few feel the cost pressures will push the Bank of England into raising interest rates from their record low of 0. ... [Read full article on Guardian ]
Tuesday 11th of April 2017 10:42:20 AM
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....". Mr Trump has been highly critical of Ms Yellen in the past, saying that the Fed's low interest rate policy had hurt savers. ... [Read full article on BBC ]
Wednesday 12th of April 2017 10:59:49 PM
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. Two major US banks have reported increased profits for the first quarter of the year, amid higher interest rates and an energy sector rebound. ... [Read full article on BBC ]
Tuesday 18th of April 2017 11:54:29 AM
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....Taylor Wimpey reported profits of £733m in the year to December, up 22% on the year. Ground rents that double every 10 years have become hugely attractive to specialist investors, because they imply an interest rate of 7% a year when the Bank of England base rate is just 0. ... [Read full article on Guardian ]
Thursday 27th of April 2017 11:35:12 AM
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....2% in 2018, the group predicted. Against that backdrop, the Bank of England is forecast to hold interest rates at their record low of 0. ... [Read full article on Guardian ]
Sunday 9th of April 2017 11:01:21 PM
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....At the time of the Autumn Statement, the chancellor said that two million people were likely to benefit from the new bond. However, critics have described the interest rate as "underwhelming". ... [Read full article on BBC ]
Tuesday 11th of April 2017 08:00:16 AM
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....25% base rate when most banks need a two-percentage-point margin to turn a profit. At the moment, lenders probably have enough customers paying higher interest rates to make the whole of its mortgage operation profitable. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 06:00:05 AM
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.... Refinancing was easy as long as the base rate remained low. Once the Federal Reserve began raising interest rates, it become financially crippling to refinance a mortgage and arrears began to creep upwards. ... [Read full article on Guardian ]
Sunday 2nd of April 2017 06:00:46 AM
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. Profits at two of the biggest US banks jumped in the first quarter, buoyed by higher interest rates. ... [Read full article on BBC ]
Thursday 13th of April 2017 11:11:57 AM
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Latest Finance News related to Interest Rate

Still got a paper fiver in your wallet? Well you should spend it now! image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
....Those with a good memory will recall that 1991 wasn’t a happy year financially. Inflation was running at 9%, and at the start of the year interest rates were 13. ...
No Bank balance image
Source : BBC [Read Article] Friday 28th of April 2017 04:25:28 PM
.... She resigned for failing to stick to the letter of the rules on disclosing family connections within the industry. But these departures will leave no women at all on the nine-member MPC - arguably the most public of the Bank of England's faces as it sets interest rates - and only one woman on its three main policymaking committees. ...
Weak pound melts the British dream of a place in the sun image
Source : Guardian [Read Article] Friday 28th of April 2017 04:03:49 PM
.... “The pound-euro exchange rate has a bigger effect on people at the lower end of the market, in the €200,000-€400,000 price range,” says Chris Clover, head of Panorama Properties in Marbella, southern Spain. “Those with more money can take advantage of low interest rates to hedge against the weak pound. ...
UK GDP growth slower than expected as inflation bites image
Source : Guardian [Read Article] Friday 28th of April 2017 02:33:56 PM
.... It added that the Brexit vote had also increased instability in the UK as “highlighted by the snap election called for June 2017”. Economists at Barclays said GDP growth had come in weaker than the Bank of England had expected and strengthened the case for keeping interest rates at their record low of 0. ...
Donald Trump 100 days: Is the president making it CHEAPER to buy US property? image
Source : Daily Express [Read Article] Friday 28th of April 2017 12:09:00 PM
....However, 100 days into his Presidency and Mr Trump has faced a lack of support from within his own party, growing tensions with North Korea and doubts about his ability to instigate change. Mr Trump also had a surprising change of heart about US interest rates. ...
Eurozone inflation picks up to 1.9% image
Source : BBC [Read Article] Friday 28th of April 2017 10:13:23 AM
....The ECB aims for an inflation rate of below, but close to, 2%. On Thursday, ECB head Mario Draghi said the eurozone's economic recovery was "increasingly solid" but inflation was not high enough to lift interest rates. ...
Eurozone recovery gathering pace, says Draghi image
Source : BBC [Read Article] Thursday 27th of April 2017 12:21:29 PM
....European Central Bank (ECB) head Mario Draghi has said the eurozone's economic recovery is "increasingly solid" and faces fewer risks. But he added that inflation in the 19-nation bloc was still not high enough to raise interest rates. ...
Taylor Wimpey to pay up to £130m to settle ground rent scandal image
Source : Guardian [Read Article] Thursday 27th of April 2017 11:35:12 AM
....Taylor Wimpey reported profits of £733m in the year to December, up 22% on the year. Ground rents that double every 10 years have become hugely attractive to specialist investors, because they imply an interest rate of 7% a year when the Bank of England base rate is just 0. ...
Lloyds Bank's profits rise despite 'challenging' times image
Source : BBC [Read Article] Thursday 27th of April 2017 06:33:36 AM
....4% when it was bailed out by the taxpayer at the height of the financial crisis. Analysts said the firm was exposed to record low interest rates, which make it harder for banks to increase profits, and the health of the UK economy. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
....”. As well as the relief rally over the Macron result, the prospect of an end to the ECB’s bond-buying programme and low interest rate measures saw the euro hit a two-week high against the pound, up 0. ...
Whatever the IMF thinks, we are a long way from the boom time of 2007 | Larry Elliott image
.... The decade since has seen so-called de-leveraging, more restrained lending backed up by bigger capital buffers and tougher regulation. To the extent that growth has been picking up over the past 18 months it is because interest rates have been kept at record lows for such a long time. ...
Family matters image
Source : BBC [Read Article] Sunday 23rd of April 2017 12:51:12 AM
....For today's renters, it seems likely that raising a deposit is a greater barrier to home ownership than actually paying a mortgage. Lower interest rates mean housing costs for young homeowners have fallen and they are quite likely to be paying much less than renters relative to their incomes. ...
How to find the best personal loan without damaging your credit rating image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
.... The single biggest problem, it says, is the checks some banks carry out when people apply to borrow money. So what’s happening? Research carried out by the bank found that 61% of mainstream loan providers didn’t give people applying for a loan their final, personalised interest rate without completing what’s known as a “hard” credit check. ...
‘Modest’ interest rate rise on cards, says Bank of England expert image
Source : Daily Express [Read Article] Friday 21st of April 2017 08:49:00 PM
....He said: “A modest rise in rates would still imply that considerable stimulus remains in place, helping to support output and jobs. ” His colleague Kristin Forbes voted in March to raise interest rates. ...
UK bank launches cheapest ever mortgage rate at 0.89% but there's a MAJOR catch image
....Aside from the hefty lump sum to secure it, there is a chance the SVR could rise which could leave borrowers at risk from higher repayments. David Hollingworth, Associate Director Communications, at L&C Mortgages, said: “It’s so hard to tell what will happen with interest rates as there are other things in the mix with an election and Brexit on the horizon. ...
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
....Privately, the mood in Washington is less ebullient. The IMF has its doubts about whether the pick-up in activity – which has only been possible because central banks have kept interest rates at record lows since the deep slump of 2008-09 – will endure. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
.... The IMF suggests that our economy will improve along with similar commodity-exporting nations like Norway and Canada. But this is based on the proviso that monetary policy remains “accommodative” (ie interest rates stay low) and there are “supportive fiscal policies or infrastructure investment” and “less drag from declining investment in the commodity sector. ...
IMF says global financial stability has improved image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:31:28 PM
Brexit’s unpredictable outcome poses risk to global stability, says IMF image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:30:21 PM
.... The Washington-based organisation said global financial stability had continued to improve, helped by a pick-up in economic growth. But it expressed concerns about the ability of heavily-indebted US corporations safely to fund higher investment during a period of rising interest rates. ...
Loan searches on the internet 'may affect credit rating' image
Source : BBC [Read Article] Tuesday 18th of April 2017 01:16:43 PM
.... There is no reason to punish customers in this way. "Instead, providers must commit to not performing hard credit checks until after a consumer has been given their personalised interest rate and has decided to apply for the loan. ...
IMF ratchets up UK economic growth forecast to 2% image
Source : Guardian [Read Article] Tuesday 18th of April 2017 01:00:29 PM
.... The adverse medium-term impact on growth would be lower if the two years of negotiations avoided putting up new economic barriers. The IMF said record low interest rates of 0. ...
Goldman Sachs and Bank of America see profits jump image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:54:29 AM
. Two major US banks have reported increased profits for the first quarter of the year, amid higher interest rates and an energy sector rebound. ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....George Salmon, equity analyst at Hargreaves Lansdown, said the proposed deal was the latest in a string of approaches for UK companies since the Brexit vote last June and the subsequent sharp fall in the pound. “The deal comes hot on the heels of Kraft Heinz’s bid for Unilever and 21st Century Fox’s approach for Sky, and further transatlantic deals may be flushed out by the strong dollar and rising US interest rates. ...
Facing the future image
Source : BBC [Read Article] Sunday 16th of April 2017 11:29:50 PM
.... . Some economists worry that we're experiencing "secular stagnation" - where there's not enough demand to spur economies into growing, even with interest rates at or below zero. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....John McDonnell, the shadow chancellor, is calling on Philip Hammond to hold an urgent public inquiry into whether Bank of England officials colluded in the rigging of the Libor rate. The senior Labour politician said Hammond’s silence on the issue was unacceptable after a BBC Panorama programme said it had evidence of pressure exerted by Threadneedle Street on the setting of Libor – the London interbank offered rate, which is the interest rate banks charge each other for short-term loans. ...
Tenant charged £835 … to scribble a new name on a contract image
Source : Guardian [Read Article] Saturday 15th of April 2017 06:00:17 AM
....50. Quite how young people starting out work, with vast debts from university (now charged at an interest rate of 6. ...
Falling US retail sales cast doubt on further Fed interest rate rise image
Source : Guardian [Read Article] Friday 14th of April 2017 04:34:01 PM
. Falling retail sales and lower inflation in the US have added to signs that the world’s biggest economy has lost momentum in recent months, casting doubt over how many more times the Federal Reserve will raise interest rates this year. ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
.... The pace of growth has since eased, but remains above 10%. Policymakers have said they are worried about the risk to banks and other lenders from rising consumer borrowing, while charities have warned that households are becoming increasingly vulnerable to even small rises in interest rates. ...
Is business starting to get spooked about Donald Trump? | Larry Elliott image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:36:22 PM
.... If only. The greenback is strong because the Fed is the one major central bank in the world that is raising borrowing costs, and investors have been assuming that the US central bank will accelerate the pace of interest rate increases in response to a Trump-inspired pick-up in growth. ...
JPMorgan and Citi quarterly profit helped by higher rates image
Source : BBC [Read Article] Thursday 13th of April 2017 11:11:57 AM
. Profits at two of the biggest US banks jumped in the first quarter, buoyed by higher interest rates. ...
Donald Trump: China 'not a currency manipulator' image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:59:49 PM
....". Mr Trump has been highly critical of Ms Yellen in the past, saying that the Fed's low interest rate policy had hurt savers. ...
Expert help for gardens on a budget, plus the older expats facing poverty image
Source : Guardian [Read Article] Wednesday 12th of April 2017 02:07:41 PM
....The older expats facing poverty – thanks to Brexit and frozen pensions. Student loan interest rate set to rise by a third after UK inflation surge. ...
Students face sharp rise in interest on tuition loans image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:02:18 AM
. Millions of students and former students in England and Wales will face a sharp increase in interest rates on tuition fees and maintenance loans. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
....5bn after higher inflation, said Hargreaves Lansdown analyst Laith Kalaf. "The supermarket is facing the prospect of a rise in pension contributions because its scheme valuation is rather inconveniently taking place now, when interest rates are low and inflation is rising, both of which will serve to magnify the deficit," he said. ...
NS&I launches new market-leading investment bond with rate of 2.2 per cent image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 12:01:00 AM
....“With its market-leading rate of 2. 2%, the investment bond will provide a valuable boost for savers who have been affected by low interest rates. ...
Student loan interest rate set to rise by a third after UK inflation surge image
. Students appear to be paying a heavy price for the UK’s inflation surge after the Brexit vote, which will drive the interest rate on their loans up by a third to 6. ...
'Scant reward for savers!': New Government NS&I bond blasted by critics image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 03:54:00 PM
.... "This could cut off access for those savers most in need of improved rates, including elderly pensioners who do not wish to use the internet. "It comes after the Bank of England cut interest rates to 0. ...
Government launches ‘market-leading’ savings account image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:25:30 PM
....As this is online only, there will be no paper documents sent out, but people will be able to log in to view and manage their investment. The Treasury said the new product “will provide a valuable boost for savers who have been affected by low interest rates”, pointing out that the average three-year, fixed-rate bond pays 1. ...
Savings rates turn NEGATIVE amid biting inflation with just ONE account beating rate image
....uk, said: “Savers are likely asking themselves whether it’s still considered ‘saving’ if they are in fact losing money because of the inflation bite. "As it stands, there is only one standard savings account that can outpace the current level of inflation, which means most accounts on offer today are effectively paying negative interest rates due to the inflation erosion. ...
UK inflation stays at three-year high of 2.3% image
Source : Guardian [Read Article] Tuesday 11th of April 2017 10:42:20 AM
.... Clothing and footwear prices were another factor, rising 2% between February and March. Some economists predict inflation reaching 3% this year although few feel the cost pressures will push the Bank of England into raising interest rates from their record low of 0. ...
UK inflation rate remains at 2.3% image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:32:36 AM
....Although the inflation rate remained unchanged from February, it remains above the Bank of England's target of 2% and is the highest since September 2013. "Inflation may be steady, but it's still currently outpacing wages and interest rates, which spells trouble for households and cash savers," said Laith Khalaf, senior analyst at Hargreaves Lansdown. ...
Government 2.2% savings bond goes on sale image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:00:16 AM
....At the time of the Autumn Statement, the chancellor said that two million people were likely to benefit from the new bond. However, critics have described the interest rate as "underwhelming". ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
. The Bank of England has found itself under the spotlight again over the fixing of a key interest rate during the credit crunch after new details emerged of bankers discussing Threadneedle Street’s alleged involvement in the setting of Libor. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... Second, congressional budget rules require any tax cut that is not fully financed by other revenues or spending cuts to expire within 10 years, so the Republicans’ plan would have only a limited positive impact on the economy. And, third, if tax cuts and increased military and infrastructure spending push up deficits and the public debt, interest rates will have to rise. ...
Libor: Bank of England implicated in secret recording image
Source : BBC [Read Article] Sunday 9th of April 2017 11:01:47 PM
....Mr Dearlove declined to answer questions from BBC Panorama. Until recently a member of staff at each of the biggest banks, the Libor submitter, would say what interest rate they thought the bank would have to pay to borrow money. ...
The Guardian view on productivity: Britain must solve the puzzle | Editorial image
.... Around 1% of companies have seen productivity growth of approximately 6% a year – but one-third have seen no increase since 2000. Many of these firms would have gone out of business, so the theory goes, had interest rates not been kept so low for so long. ...
Wonga data breach could affect nearly 250,000 UK customers image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:33:39 AM
.... The company would not disclose where it had taken place. The lender, which offers loans at interest rates starting at 1,286% a year, became aware of a problem last week but did not realise until Friday that data could be accessed externally. ...
Property’s equity can help your loved ones image
Source : Daily Express [Read Article] Sunday 9th of April 2017 12:01:00 AM
....“They also have the free dom to make interest repayments on their loan, if they choose. New entrants and greater competition have also driven interest rates to record lows. ...
Are the wheels about to fall off the credit gravy train? image
Source : Guardian [Read Article] Saturday 8th of April 2017 03:00:05 PM
.... The Bank of England is concerned that consumer spending is underpinned by rising credit card debt, personal loans and car finance deals. Its financial policy committee (FPC) and Prudential Regulation Authority are checking on banks’ lending to people who may not be able to repay, the impact of that on lenders – especially if interest rates rise – and the availability of credit. ...
Post-Brexit-vote surge for UK economy comes to an end image
Source : Guardian [Read Article] Friday 7th of April 2017 04:34:17 PM
.... Consumption is expected to moderate further this year as increasing inflation erodes households’ purchasing power,” said James Warren, research fellow at the thinktank. As a result, the Bank of England would likely ignore rising price pressures from the weak pound in favour of shoring up growth and be in no hurry to raise interest rates from their all-time low of 0. ...
Greece agrees basic terms to unlock delayed bailout image
Source : BBC [Read Article] Friday 7th of April 2017 03:14:32 PM
.... . Debt relief previously has been in the form of reduced interest rates and longer payment periods, rather than reducing the amount of the principal sum that must ultimately be repaid. ...
WARNING: Free bank accounts to END, warns IMF in yet ANOTHER blow to hard-working Britons image
....Under the current system, most providers offer free banking services, because it provides a platform to sell customers lucrative products such as mortgages, credit cards and loans. But rock-bottom interest rates and falling demand for credit could make this model less viable in economies such as the UK, according to the Washington-based fund. ...
US unemployment rate falls to 10-year low image
Source : BBC [Read Article] Friday 7th of April 2017 01:08:30 PM
...."The slowdown in payroll growth is exactly what you would expect when the economy closes in on full employment," he said. Neil Wilson at ETX Capital described March's job creation figure as a "massive miss", but doubted it would stop the US Federal Reserve raising interest rates twice more this year, with the next move expected in June. ...
Co-op Bank receives takeover 'proposals' image
Source : BBC [Read Article] Friday 7th of April 2017 08:03:17 AM
....The Co-op Bank put itself up for sale in February after it was unable to reach a strong enough footing to satisfy regulatory requirements. It blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the PRA's rules. ...
Spotify may bypass IPO and list directly on stock market image
Source : BBC [Read Article] Friday 7th of April 2017 01:55:50 AM
....All of this to-ing and fro-ing eats up cash and time - and for Spotify, the clock is ticking. In March last year, the firm raised $1bn from investors at an interest rate of 5% a year, plus a discount of 20% on shares once they list. ...
Wall Street closes higher after positive jobs figures image
Source : BBC [Read Article] Thursday 6th of April 2017 09:02:14 PM
.... . Investors will scrutinise them to try to assess whether the jobs market is robust enough to cope with the interest rate hikes which are expected in the US this year. ...
Why BlackRock wants to pay George Osborne £650,000 a year | Nils Pratley image
.... But the firm’s standing as the trusted adviser to the Obama administration was also clearly helpful in expanding its global reach and picking up business from sovereign wealth funds. Fink, a Democrat, co-founded the firm in 1988 after his high-flying career as a bond market trader at US bank First Boston came to a humiliating halt when a bet on interest rates produced a $100m loss. ...
Two Barclays traders found not guilty in Libor retrial image
Source : BBC [Read Article] Thursday 6th of April 2017 10:12:09 AM
Is there a housing bubble or isn't there? | Greg Jericho image
Source : Guardian [Read Article] Wednesday 5th of April 2017 02:00:07 PM
....During the GFC and years that followed, we took a breather from our climb up the debt mountain. But once the RBA’s cuts to interest rates began to fully take hold, we set off again at a furious pace. ...
UK services sector beats forecasts buoyed by new work image
Source : BBC [Read Article] Wednesday 5th of April 2017 09:28:30 AM
.... This was evident in the rise in the prices charged balance, which picked up once again to its highest since September 2008," she said. "However, we continue to think that the support provided by the lower pound and rock-bottom interest rates should prevent growth from slowing too sharply in the quarters ahead. ...
Premium Bond winners to FALL in May: Savers warned as returns tumble image
Source : Daily Express [Read Article] Tuesday 4th of April 2017 04:21:00 PM
....Total payout values are to cut to an estimated £63,810,400 from around £69,516,050. It means the annual prize fund interest rate will fall from 1. ...
Cost of junk image
Source : BBC [Read Article] Tuesday 4th of April 2017 12:52:58 PM
.... . As inflation increases, the central bank, the Reserve Bank, will have to increase interest rates as a counter measure. ...
The car-loan boom isn’t the housing bubble. But there still might be a crash image
.... Refinancing was easy as long as the base rate remained low. Once the Federal Reserve began raising interest rates, it become financially crippling to refinance a mortgage and arrears began to creep upwards. ...
Serious Fraud Office boss warns big names to play ball – or else image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
.... The Tesco deal still needs high court approval: a hearing is scheduled for 10 April. Getting such well-known British companies to pay huge fines could be construed as a major victory for the SFO, which suffered a setback last year, after City brokers were found not guilty of helping Tom Hayes rig Libor interest rates. ...
Mortgage tax relief cut doesn’t add up for buy-to-let landlords image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
....However, campaign groups such as Generation Rent, say the changes could dampen property speculation and create a fairer market. The table (below left) provided by John Charcol shows how the tax change might work in practice, and is based on a 40% taxpayer with a £450,000 house, on which they have a £337,500 interest-only mortgage with an interest rate of 5. ...
Isa rates halved since Brexit vote and eroded further by inflation image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
.... This compares with £22bn a decade ago. Laith Khalaf, a senior analyst at Hargreaves Lansdown, says: “Since the EU referendum, interest rates and inflation have headed in opposite directions, putting even more of a squeeze on cash savers. ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
.... Up to a point that’s true, but it ignores the fact that the recovery since the financial crash is built on unsound foundations. The feelgood factor is the result of ingesting large doses of monetary happy pills; ultra-low interest rates and quantitative easing. ...
Eurozone inflation slows in March image
Source : BBC [Read Article] Friday 31st of March 2017 09:58:08 AM
....". The ECB has been attempting to stimulate the eurozone economy with negative interest rates and a bond-buying programme. ...
Bradford & Bingley mortgage sale raises £11.8bn image
Source : BBC [Read Article] Friday 31st of March 2017 06:57:25 AM
....All of these former Bradford & Bingley borrowers are buy-to-let investors. 90% are on average interest rates of only 1. ...

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