Repossessions increased by 5pc over the last year, according to the Council of Mortgage Lenders (CML), as more than 800,000 homebuyers struggled to meet monthly bills – despite interest rates remaining frozen for nearly three years. During the fourth quarter of 2011, the number of homes repossessed from their buyers was 8,500 compared to 8,100 [...]
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Global financial court promises firm rulings
www.euronews.net The world’s first international tribunal for complex financial litigation has opened in the Netherlands, headquartered at the Peace Palace in The Hague. National or local governments and private companies may bring cases before the dispute resolution facility, called PRIME Finance, short for Panel of Recognised International Market Experts in Finance. There are more than [...]
The IMF, EU and ECB – Greece’s payday creditors
If you have borrowed more than you can repay from the bank, but – instead of trying to make terms with the bank – you keep yourself going for a short time with payday loans at interest rates of 1000 per cent, your bank will be displeased. Why? Because you don’t even have enough money [...]
Fifth Street Finance Corp. Declares Monthly Dividends of 9.58 Cents Per Share
Holdout States May Join $25 Billion Mortgage SettlementReuters California and New York are expected to agree to the deal, smoothing the way for an announcement on Thursday, according … Article source: http://finance.yahoo.com/news/fifth-street-finance-corp-declares-221500287.html
Greek death spiral accelerates
Another normal day at the Hellenic Statistical Authority. We learn that: Greece’s manufacturing output contracted by 15.5pc in December from a year earlier. Industrial output fell 11.3pc, compared to minus 7.8pc in November. Unemployment jumped to 20.9pc in October, up from 18.2pc a month earlier. I have little further to add. This is what a [...]
MY FINANCIAL SITUATION
OPEN ME! Thanks so much for watching and the support! I promise that I am fine! Hahah. Let me know in the comments what videos you would like to see and I will put them on my list! I LOVEEEEE lists! Hahah. Love you guys. XOXO, CiCi My Links: Online Store: www.girlswithglambition.ecrater.com Facebook www.facebook.com Pinterest: [...]
THE CITY INTERVIEW: RBS chief Hester admits that job is ‘one of the toughest jobs in the world’.
By Ruth Sunderland Last updated at 10:17 PM on 8th February 2012 Paying the price: Stephen Hester admits he has been damaged by the public scrutiny surrounding his bonus As politicians and business figures engaged in a furious war of words about Stephen Hester’s bonus over the past two weeks, the Royal Bank of Scotland [...]
An orderly EMU break-up, à la Française
Salut souverainistes. For those wanting more details on the euro break-up plan drafted by French economists, here is the link to the L’Observatoire de L’Europe website. A few extracts, loosely translated: “The obstinate determination of governments to take us by forced march deeper into the euro impasse can only lead to the general aggravation of [...]
For Greece a tear, for Brussels a blush
Very quickly: some of you will have seen that Greece’s tax revenue from VAT collapsed by 18.7pc in January from a year earlier. Nobody can seriously blame tax evasion for this. It has happened because 60,000 small firms and family businesses have gone bankrupt since the summer. The VAT rate for food and drink rose [...]
Focus on Finance III – IPO or M&A
www.FT.com After a long drought, stock market investors have developed a new appetite for tech IPOs. But for most start-ups, an acquisition by a bigger company still represents the most likely “exit”. Is the right balance being struck? For more video content from the FT, visit the Financial Times video section at: www.ft.com Video Rating: [...]