Fears sprang anew in the financial markets this week as top banks were said to be hoarding money to cover the risk of further possible losses due to the sub-prime crisis. The three-month bank loan rate was up in London on Monday, to 6.45%, much higher than the Bank of England base rate of 5.75%. Liquidity [...]
Continue reading...29. November 2007
The Organisation for Economic Cooperation and Development (OECD) has said that the recent turbulence in share prices were just a ‘precursor of a more protracted downturn’ in world stock markets. The FTSE 100 index has been down and up by over a hundred points on various days this week. There was also news that only two [...]
Continue reading...28. November 2007
If you would like some cash back on your credit cards after your Christmas spending, then now is the time to get your application form in. Applications now should see your card arrive in time to do some spending, and give you cashback at a later date on your spending. It should be noted that cashback [...]
Continue reading...27. November 2007
There has been some conflicting evidence recently about personal loans, and whether they are becoming harder to get for all, or whether it is the small percentage of the typical sub-prime market who are struggling to borrow money. New research from data analyst Moneyfacts shows that personal loan rates are on their way up, and it [...]
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30. November 2007
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