Category Archives: Banking

Greek debts: what does it owe? When will the money run out?

Greece owes money to the International Monetary Fund, the European Central Bank and the European Union following its two bailouts in 2010 and 2012 Continue reading…
Continue reading

Related posts:

  1. EU crushes any hopes of Greek deal this week – business live
Posted in Banking, Business, Currencies, Debt relief, Economics, Euro, Europe, European banks, European Central Bank, European monetary union, eurozone, Eurozone crisis, Financial crisis, Financial sector, Government borrowing, Greece, International Monetary Fund (IMF), syriza, World news | Comments Off

Deutsche Bank braced for Libor fine with announcement of £1bn set aside

Higher than expected provision for litigation costs raises expectations of likely penalty for manipulation, but bank says it remains profitable Continue reading…
Continue reading

Related posts:

  1. Conservatives pledge to sell public discounted shares in Lloyds bank
  2. Rapid rise of the ruble is over – Bank of Russia
Posted in Banking, Business, Deutsche Bank, Europe, European banks, Financial sector, Libor, World news | Comments Off

Conservatives pledge to sell public discounted shares in Lloyds bank

David Cameron will offer bailed-out shares at a discount and he also urges Lib Dem and Ukip supporters to back the Tories to stop a Labour-SNP coalition

Small investors will be offered the chance to buy up to £4bn worth of Lloyds bank shares at below-market prices if the Conservatives are returned to power after the general election, David Cameron is to announce.

The chancellor, George Osborne, set out plans to sell a further £9bn tranche of the taxpayers’ stake in the bailed-out bank in his final budget of the last parliament in March.

Continue reading…





Continue reading

No related posts.

Posted in Banking, Business, Conservatives, David Cameron, General election 2015, Investments, Lloyds Banking Group, Money, Politics, Shares, UK news, World news | Comments Off

HSBC launches first sub-2% five-year fixed mortgage

The bank could be starting a price war with its 1.99% deal – but a deposit of 40% is required

One of the country’s biggest lenders has launched the latest salvo in what could become a new mortgage price war by releasing the first ever five-year fixed-rate home loan with an interest rate below 2%.

Related: Mortgage lending dips 16% in February

Related: Ignore the ‘experts’ and split your mortgage two ways

Continue reading…





Continue reading

No related posts.

Posted in Banking, Banks and building societies, Business, HSBC, Money, Mortgage rates, Mortgages, Property, UK news, World news | Comments Off