Tag Archives: british banks

Home Prices Increase In Britain

Reuters reports that British banks approved 80% more new home mortgages last month as compared with a year before. Home prices in Britain dropped by about 20% in 2008 but have been increasing this year. Reuters says: Demand for re-mortgaging … Continue reading

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British Banks Raise Rates

Here’s the view from London: Northern Rock, the Government-owned lender, has announced that it is pulling all its tracker deals for homeowners and landlords and is expected to increase rates when it relaunches the mortgages later this week. It follows … Continue reading

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Rescuing Two European Lenders

From the New York Times: Just days after the United States government brokered the sale of the nation’s largest savings and loan, Washington Mutual, regulators in Britain and Belgium swooped to engineer emergency rescues of two leading banks with heavy … Continue reading

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UK’s Mortgage Swap Plan

From Reuters: LONDON, May 16 (Reuters) – The Bank of England reiterated on Friday its mortgage swap plan has no upper limit and refused to forecast any final total after media said banks could exchange assets worth well above the … Continue reading

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British Banks Reluctant To Loan

The Labor government is working to restore confidence among banks over lending to one another. The Bank of England governor testified before parliament. He wants a second five-year term as leader of the UK’s central bank. Mervyn King says he … Continue reading

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British Banks Keep A Stiff Upper Lip Through Mortgage Mess

David Wighton of the Times of London puts his finger on some key cultural and business differences between American and British banks. Americans are more open to admitting their needs, asking for cash, and cutting their dividends. When a British … Continue reading

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