In order to allow the banks to swap their risky mortgage-backed assets with government bonds, the Bank of England has unveiled plans to provide £50 bn to the financial system. More...
A credit survey by the Bank of England reveals that lenders have reduced the mortgage credit availability in the last three months to mid-March. More...
A credit survey by the Bank of England reveals that lenders have reduced the mortgage credit availability in the last three months to mid-March. More...
Short term financing has made the UK financial market volatile. To check this vulnerability, FSA has ordered a sharp reduction in the approval of short term financing and unsecured loans. More...
According to a survey, the consumers have been losing confidence regularly since September when Northern Rock, UK's one of the biggest mortgage lender collapsed. More...