LONDON (AP) _ Britons took out fewer mortgages and reined in spending in October as the economic downturn intensified, the Bank of England said Monday. Net lending to individuals grew by 1.3 billion pounds ($2 billion) in October — just a third of ...
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WASHINGTON Â - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...
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The Treasury stepped in to assure that all savers eligible under the Financial Services Compensation Scheme (FSCS) are protected - including those with deposits above the £50,000 maximum limit. London Scottish Bank holds more than £250m in savings ...
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Mortgage lending collapsed during October, diving by nearly 70% to reach the second lowest figure on record, the Bank of England said. Just £459 million was advanced during the month, well down on September's £1.49 billion and only 6% of the level ...
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WASHINGTON (AP) - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably ...
Read more...
Interest rates on three-month dollar loans between banks rose for the third day Monday, as financial companies' funding concerns lingered despite last week's announcement by the Federal Reserve it would provide hundreds of billions of dollars to free ...
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WASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...
Read more...