Helping Eliminate Your Bank Card Worries Out Of Your Unsecured Debt

| December 12, 2011 | 0 Comments

Trust Deed Scotland Credit rating cards is usually a wonderful boon to most people, and also have been since the introduction with the very first a person, BarclayCard, back again in 1966, which then enjoyed a credit score card monopoly in the seventies, when, in 1972, Entry was released. Currently each individual significant ( and [...]

Filed Under: Credit Card News

The Bank of England’s forecast is too optimistic. What if the euro crisis escalates?

| November 16, 2011 | 0 Comments

“Long and arduous”. “Patient”. The language of recovery used by the Bank of England Governor at today’s Inflation Report hardly lifted the spirits. Britain has now been out of recession since September 2009, but it doesn’t feel like it. The recovery has already been “long and arduous”. People have been “patient”. Real take-home pay has [...]

Filed Under: Latest Finance News

Savers lose £43bn in ‘slow motion bank robbery’ with worse to come

| November 9, 2011 | 0 Comments

Savers have been stealthily robbed of £43bn of the real value of their savings since the Bank of England froze interest rates at 0.5pc nearly 32 months ago but there could be worse to come. That’s the total shrinkage of bank and building society depositors’ purchasing power caused by inflation, according to the pressure group [...]

Filed Under: Latest Finance News

To rob a country, own a bank Pt4

| October 19, 2011 | 15 Comments

William Black: Ten steps to reform the finance sector – that the Administration and Congress won’t do. Watch Pt.5 of this story at www.youtube.com Video Rating: 4 / 5

Filed Under: Finance Videos

To rob a country, own a bank Pt2

| October 12, 2011 | 25 Comments

William Black: The finance sector is a huge parasite, it transfers wealth from the poor to the wealthy. Watch Pt3 of this story at www.youtube.com Video Rating: 4 / 5

Filed Under: Finance Videos

What’s the alternative to another bank bailout?

| October 10, 2011 | 0 Comments

If British banks become distressed again, I’ve argued repeatedly that the government should not bail them out.   But what should we do instead? Here’s what. •  Banks that are comfortably solvent, with proper cash management procedures, should be provided with unlimited liquidity by the Bank of England. This is not a form of bailout. • [...]

Filed Under: Latest Finance News

Inflation steals £2,500 from typical savers in slow motion bank robbery

| September 28, 2011 | 0 Comments

The average easy access savings account has lost nearly £2,500 of its real value or purchasing power during the last decade, according to calculations by Yorskhire Building Society. Inflation is the insidious enemy of savers because it stealthily reduces what their money will buy. But with the Government’s favoured yardstick, the Consumer Prices Index (CPI) [...]

Filed Under: Latest Finance News

After UBS £1.3bn loss shock: 10 tips to tell how safe your bank is

| September 15, 2011 | 0 Comments

Savers with the UBS, the Swiss banking giant, are being reassured they will not suffer losses because of today’s shock announcement that a rogue trader has lost about US $ 2bn (£1.3bn) in unauthorised trading. But this reminder of how even the world’s biggest banks can lose almost unimaginable sums of money may worry savers [...]

Filed Under: Latest Finance News

Codes of Finance: Engineering Derivatives in a Global Bank

| September 14, 2011 | 0 Comments

Codes of Finance: Engineering Derivatives in a Global Bank The financial industry’s invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008. Codes of Finance takes readers behind the scenes of the equity derivatives business at one of the world’s leading [...]

Filed Under: Finance Books
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