Banking
Published: 01/04/2008
Over recent weeks the words 'credit crunch' have been all over the financial headlines, and the effects of the turmoil that has hit the financial markets have been reflected in a number of ways, affecting both financial institutions and consumers.
The credit crunch was sparked as a result of...
Published: 28/03/2008
The recent government-sponsored bailout of Bear Stearns, one of the top five lenders in the United States, has shocked traders and left investors cold. Despite the chilly reaction on Wall Street, secretly many are breathing a sigh of relief. While Bear Stearns was mismanaged from its upper...
Published: 24/03/2008
What a difference a year makes. Last year at this time Bear Stearns had a high flying stock price of $150 a share and a market valuation of 20 Billion. Having been founded in 1923 they were considered one of Wall Streets most venerable investment houses.
Going back to 2005 Bear Stearns was...
Published: 20/03/2008
It reads like an espionage tale from Len Deighton. Government conspiracy, illegal payments for stolen information and statements by royalty outwardly rebuking foreign powers. I am talking, of course, about the Liechtenstein bank scandal which has rocked the offshore tax havens that neighbor the...
Published: 15/03/2008
When starting your business a vital concern is the business account you choose, there are many factors to consider such as the costs involved in transactions and borrowing, the facilities that your bank provides and the relationship you will be able to foster with your account manager. All of...
Published: 12/03/2008
Northern Rock has been a cloud over the UK financial sector since it ran out of cash in August 2007. This was due to the fact that most of its funds were being raised in the wholesale market, that is from other financial institutions rather than deposits from retail customers. The problems of the...
Published: 11/03/2008
Opening a business account can be a troubling and stressful experience. The marketplace today is currently saturated with so many deals and offers that it is enough to make your head spin as you trawl through the reams and reams of associated literature. But what should you consider before taking...
Published: 06/03/2008
A bank account is a very important financial tool and facility to most people, and it is important that you ensure that your bank account offers everything that you need to conduct your day to day finances with ease and convenience. There are a number of bank accounts available to consumers these...
Published: 04/03/2008
As the US Federal Reserve responds to economic pressure by aggressively cutting interest rates, some countries might imagine they won't be affected by the lack of confidence in past decisions made by US and European banks.
But some people outside the US have been surprised to learn that their...
Published: 02/03/2008
Gradually falling from its dominance as a world provincial power the United Kingdom retains much of that power through the development of financial and insurance industries. The country works with an economic model that has come to be known as the Anglo-Saxon model , which is based on a free...
