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Posted Sun, 29/08/2010 - 20:43 by tmark938

UK population repaying debts again

UK population repaying debts again

Sunday 29th August 2010

A report issued today shows that more and more people in the UK are using their savings to repay debts in what is a second wave of debt repayment during the current economic cycle. Not since the beginning of the credit crunch have we seen such ... Full Story>>

Posted Fri, 27/08/2010 - 16:38 by tmark938

Co-operative Bank is a friend of small businesses

Co-operative Bank is a friend of small businesses

Friday 27th August 2010

Despite the fact that the UK banking arena is under severe pressure regarding reduced liquidity in the small-business lending arena the Co-operative Bank yesterday released figures confirming it has doubled its own small-business lending to ... Full Story>>

Posted Wed, 25/08/2010 - 22:58 by tmark938

Do we depend too much upon credit rating agencies?

Do we depend too much upon credit rating agencies?

Wednesday 25th August 2010

The ongoing argument between the Irish authorities and the S&P credit rating company threatens the medium to long-term position of credit rating companies around the world. The Irish authorities took the rather usual step of arguing about ... Full Story>>

Posted Tue, 24/08/2010 - 21:32 by tmark938

Lending continues to fall in the UK

Lending continues to fall in the UK

Tuesday 24th August 2010

Lending to businesses outside of the UK financial arena continued to fall last month with figures from the British Bankers Association confirming a reduction in credit of £2.4 billion. While financial services and financial investment ... Full Story>>

Posted Sat, 21/08/2010 - 05:48 by tmark938

Irish Hotel Federation concerned about the future

Irish Hotel Federation concerned about the future

Friday 20th August 2010

The Irish Hotel Federation has today expressed concerns about the announcement from Lloyds Bank that its Bank of Scotland Ireland offshoot is to close. The Federation confirmed that Bank of Scotland Ireland provides around 20% of current ... Full Story>>

Posted Fri, 20/08/2010 - 20:24 by tmark938

UK banks plundering business arena

UK banks plundering business arena

Friday 20th August 2010

A report by the Bank of England has today cast an enormous shadow over the UK banking arena with news that £50 billion was repaid to the UK banking industry by small businesses between July 2009 and June of 2010. This means that in simple ... Full Story>>

Posted Thu, 19/08/2010 - 04:56 by tmark938

Is the small business arena dead in the UK?

Is the small business arena dead in the UK?

Wednesday 18th August 2010

Over the last few months we have seen a gradual reduction in the amount of finance made available to the UK small business arena which is causing many problems for many business people. A number of people are now asking the question as to ... Full Story>>

Posted Tue, 17/08/2010 - 17:53 by tmark938

Royal Bank of Scotland agrees sale of loan book

Royal Bank of Scotland agrees sale of loan book

Tuesday 17th August 2010

The Royal Bank of Scotland has today announced the sale of a €1.4 billion loan book to fund manager Intermediate Capital Group as the company looks to downsize its non-core operations. This is just the latest in a long line of deals which the ... Full Story>>

Posted Tue, 17/08/2010 - 02:06 by tmark938

Nobody wants Irish sovereign debt

Nobody wants Irish sovereign debt

Monday 16th August 2010

The worldwide sovereign debt market is struggling to digest the problems within the Irish economy and today we saw the cost of insuring Irish sovereign debt increase to 300 basis points. There is now major concern regarding the ... Full Story>>

Posted Fri, 13/08/2010 - 23:33 by tmark938

Was PFI worth the risk?

Was PFI worth the risk?

Friday 13th August 2010

The Private Financial Initiative (PFI) program set up by previous governments looks set to saddle the NHS, along with other government departments, with enormous financial liabilities in the future. It was revealed today that the total bill ... Full Story>>