The Boards of Yorkshire Building Society and Chelsea Building Society announced today that they have agreed to merge, creating a second major force in the building society sector. The enlarged Society will have assets of £35bn, providing a competitive and secure alternative to the retail banks. With 2.7m members and a national network of 178 [...]
Posts Tagged ‘Financial’
The Brown – Mandelson Double Act Fails to Amuse
It never fails to amaze me, the frequency that Brown and Mandelson make the comment “What the public want is” then make some inane statement to the effect of repairing the faulty system which has been used to line the pockets of many MP’s. Then going on to say, they have to bring the economy [...]
G20 agree One Trillion Dollar economy rescue package
Labour’s Prime Minister, Gordon Brown, and other world leaders have announced a one trillion dollar package to kick-start the global economy. The G20 summit, made up of the leaders of the twenty biggest economies in the world, agreed a substantial package of coordinated measures designed to allow the world to emerge from the recession quicker [...]
President Bush Discusses Administration’s Plan to Assist Automakers
THE PRESIDENT: Good morning. For years, America’s automakers have faced serious challenges — burdensome costs, a shrinking share of the market, and declining profits. In recent months, the global financial crisis has made these challenges even more severe. Now some U.S. auto executives say that their companies are nearing collapse — and that the only [...]
Council of Mortgage Lenders – Expect 2008 not 2007 levels of lending
Clear message to “Prudent” Gordon Brown – your ideas for getting the financial markets moving are simply not working and need urgent government directives if the banks are to play any part in economic stabilisation for the UK. Banks continue to put their own spin on matters affecting millions of residents and business owners and [...]
World Financial Markets continue to slide
Little confidence in world leaders ability to address the woes of the gathering economic crisis is today demonstrated by market makers and investors with markets continuing to slide. The big question is have governments any real ability to force banks to reduce interest rates and supply both domestic and business customers realistic funding options. The [...]
