Satisfied bank customer?

August 3, 2010
Unicorn

We’re wondering who is.

We see bailed-out banks returning to profit at the same time as headlines about others still refusing to lend. The personal finance pages are bristling with stories about mortgage famine . Big businesses may have been overcharged for banks’ services in raising new equity capital;  lending to smaller businesses is down, and the interest offered on savings is so derisory, would-be savers are being pushed into taking more risk to try to preserve their capital.

from MacroScope:

“Normal” bank lending is no longer realistic

October 14, 2009

MacroScope is pleased to post the following from guest blogger James Carrick.  Carrick is economist at UK fund firm Legal & General Investment Management. He says here old patterns of lending are unlikely to return and that this means slow growth in developed countries.

from MacroScope:

Show us the money

April 17, 2009

It says something about the current world that a new economic indicator is about to be unleashed by the Bank of England and it basically tells you whether banks have been doing what they are supposed to do -- lend.

Rate cut round-up: “policy mistake” or “confidence boost”?

February 5, 2009

The Bank of England’s decision to cut interest rates to a record low of 1.0 percent may have been widely predicted, but this did little to hold back the avalanche of commentary that began the moment the news came through at noon today.

R-word looms as retail sales slump

July 24, 2008

Exactly one year since the credit crunch started retail sales have shown their biggest fall on record in Britain, news that is likely to spur recession talk among consumers, who are already feeling the pinch from rising fuel and food costs.

Housing market meltdown?

April 8, 2008

housing.jpgThey’re still up there in the list of conversation topics at dinner parties, but house prices nowadays are more likely to have the guests huddling together for warmth than bragging about the value of their properties.