RSS Financial

If you're new here, you may want to check out our main info pages starting here. Thanks for visiting!

Bank turmoil threatens more housing misery
LONDON (Reuters) - Homeowners should brace for a faster drop in the value of their properties as unprecedented turmoil in the global financial sector pounds sentiment in the flailing residential property market, experts said this week.

Rate cuts gather pace
Lenders are making larger and more frequent cuts to their mortgage rates, even at the riskier end of the market, in a sign that the recovery in the credit markets is underway.

Crunch time

Prepare to buy as market nears low, say advisers
Consensus is growing among wealth managers that the UK stock market will bottom out within the next two months, heralding strong investment opportunities for the long term

BoE’s Dale says economic risks are finely balanced
LONDON (Reuters) - The risks facing the economy are finely balanced but could change given so much uncertainty in the current environment, Bank of England chief economist Spencer Dale said on Thursday.

Prepare to buy as market nears low, say advisers
Consensus is growing among wealth managers that the UK stock market will bottom out within the next two months, heralding strong investment opportunities for the long term

Money Market Fund Warns Of Losses!

Millions wait for tax rebate
This month, all basic-rate taxpayers will find an additional 60 in their pay packets, courtesy of the government.

Fed Injects $50 Billion Into Money Markets

Central banks pump cash into money markets

Landlords emerge the winners in stamp duty waiver
Buy-to-let property investors have emerged as unexpected beneficiaries of the stamp duty holiday announced this week

Inflation expectations hit series high
LONDON (Reuters) - Britons’ expectations of inflation over the next 12 months edged up to a series high of 4.4 percent in August from 4.3 percent in May, a Bank of England survey showed on Thursday.

Profit from the plunging pound
Forecasts from the Bank of England that job losses in the UK are set to triple has pushed the pound down once again this week. At the beginning of this month, sterling fell to its lowest level since October 1996, as measured against a basket of currencies of UK trading partners.

Brown ignores calls for energy windfall tax
LONDON (Reuters) - Prime Minister Gordon Brown has ignored calls to impose a tax on energy firms’ windfall profits, but looks set to face renewed demands for a levy at Labour’s annual conference at the end of the month.

House prices continue to plummet
LONDON (Reuters) - House prices kept falling sharply in the three months to August even as the average number of home sales per surveyor hit a new low, a survey showed on Tuesday.

Follow the flow of roads and rivers
With market volatility making it difficult to know which asset classes to hold in the short-term, fund managers are turning to thematic investments with long-term growth prospects such as infrastructure and water

Savers aim to beat prices
Handful of savings products with inflation-beating guarantees see high take-up from savers worried about rising prices

Banks are businesses, too

Interest Rate Liberalization and Money Market Development …

FREE $50 Wells Fargo Checking Deal

More than 80 pct of families cut back spending
LONDON (Reuters) - More than 80 percent of families have changed their spending habits due to the credit crunch, with many households cutting back on grocery expenditure and non-essential items, according to a survey on Wednesday.

A new eye is cast over secondhand VCTs
The secondhand market for venture capital trusts (VCTs) which give tax relief on investments in fledgling companies is becoming more active, as investors look to buy traded VCTs for the tax-free dividends they offer.

Is America Working?

Money, Markets & Morality