Michael Coogan, the director general of the Council of Mortgage Lenders , is grumpy with me (and said so today on the News Channel), because he thinks I implied yesterday that the big surge in repossessions that the CML expects next year will be due ...
Read more...
Ernst & Young is preparing to sell Robinson Way, London Scottish Bank's profitable debt collection business, after being appointed to run the failed sub-prime lender and savings provider yesterday. It is understood that the administrator is preparing ...
Read more...
"My first thought was that the guy was a victim of consumerism -- a sad testimony to how, even in hard economic times, Americans can't turn off their thirst for things, things, things. And then I got thinking. I saw your report on the 'entrepreneurs ...
Read more...
Bayern Landesbank has confirmed it will cut 5,600 of its 19,000 jobs in Germany and around the world, more than a quarter of its workforce. The job losses will be seen both in Germany and in BayernLB's worldwide operations and will take place during ...
Read more...
Forget the sub-prime mortgage crunch, it's Britain's mountain of credit card debt we should be worried about. Business editor Paul Hill reports. . . . . . . . . . . . . . . . There's no such thing as the never never. The time always comes when debts ...
Read more...
AUSTRALIAN prosperity owes much to burning carbon and importing capital. The convict colony became commercially solvent by supplying raw materials to Britain's coal-fired industrial revolution. The nation's modern development remained hitched to the ...
Read more...
House prices fell at the slowest pace in a year over the past month but the pain for homeowners is far from over, experts said yesterday. The value of an average property dropped by 0.4 per cent, or £430, during November, according to figures from ...
Read more...