Archive | January, 2008
Confidence In Property Has Plummeted
A December poll has shown a complete loss of confidence in the property market as just one in five believes that average house prices will increase in 2008. The poll said that three-quarters of the respondents expected property prices to fall in the next 12 months, and just over half thought that prices would drop by [...]
Continue reading...Bank of England Forced To Dig Deep
8. January 2008
The credit crunch shows no signs of releasing its ever-tightening grip on world financial markets, and the Bank of England is being forced into further measures to try to tackle the crisis. Only last week the Bank of England, the US Federal Reserve, the European Central Bank, plus the Bank of Canada and the Swiss National [...]
Continue reading...B&B Could Be In For A Chunk Of Northern Rock
4. January 2008
Another potential bidder for Northern Rock has emerged, and it’s Bradford & Bingley. This has to be regarded as a surprise because B&B is a similar beast to Northern Rock, in that they are both building societies that have become mortgage banks. Therefore it was suspected that B&B might eventually have similar problems to those [...]
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10. January 2008
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