Archive for August, 2009
Lloyds Islamic Banking
Many Lloyds TSB customers are being hit with charges of up to £200 a month if they go into the red – while Muslims who use the bank are only being charged £15. The part-nationalised bank has been accused of religious discrimination over the disparity between overdraft charges on its standard current account and its [...]
The UK Economy Today
There are around two million people who are still paying into final salary – or defined benefit – schemes, despite wide-spread closure of these schemes to new entrants in recent years. But, while only 9pc of defined benefit schemes have so far closed to existing members, according to the research, around half expect to have [...]
Debt Consolidation Loan
Debt Consolidation Loan: Some Facts You Should Consider Is it the correct time to go for a debt consolidation loan? This is one important thing that you would have to determine contingent upon your present debt condition. However, it is a useful means to go for a debt consolidation loan at all times prior to [...]
Cash Back Credit Cards
Top Cashback Credit Cards in the UK The double whammy of a slow down in spending caused by the recession and rising bad debts is hitting credit card companies hard. And this impats consumers too as card companies look to maintain profitability. Rates and fees are increasing, spending limits lowered, applications for cards and limit [...]
Student Debt
More than half of students in Scotland have borrowed from commercial lenders such as banks or credit card companies, according a survey. It suggested 70% spent more than the recommended 10 hours a week in paid work to fund their studies. The National Union of Students in Scotland, which questioned 6,217 people, called for the [...]
Total cost of crisis at £7.1 trillion
By Edmund Conway The staggering total is is equivalent to around a fifth of the entire globe’s annual economic output and includes capital injections pumped into banks in order to prevent them from collapse, the cost of soaking up so-called toxic assets, guarantees over debt and liquidity support from central banks. Although much of the [...]
Debt woes force more into bankruptcy
The number of people becoming insolvent will reach record levels when official figures are published next Friday. For the first time, the number of personal insolvencies will top 30,000 for a quarter. In fact, there have been 41,870 personal bankruptcies this year – which works out at one person every six minutes. 22,976 people have [...]
Debt Support
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Value of the Pound increases for the first time
Sterling rose by 3½ cents against the dollar to $1.6928 after new survey data showed that manufacturing industry is growing again for the first time in more than a year. The Purchasing Manager’s Index (PMI) for the sector, produced by Markit, rose from an upwardly-revised 47.4 points to 50.8 points in July. It is the [...]
Bonus Culture Back
Barclays and HSBC are tomorrow expected to demonstrate it is “business as usual” again in the City by reporting bumper revenues in their investment banking divisions that could unleash big bonuses for top bankers. Barclays will be the first of the high street banks to report first half figures tomorrow when its investment banking division [...]
