UK

January 8th, 2008

Prime minister Gordon Brown said today banks have the responsibility of passing on Bank of England (BoE) rate cuts to the wider public.
‘Society and banks have a duty to take that (the BoE’s quarter point rate cut to 5.50 pct last month) into account,’ he told reporters.
For his part, Chancellor of the Exchequer Alistair Darling […]

Filed under: News, banks, finance, mortgage, uk by Finance Boss
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Lenders consider new rate hikes

December 28th, 2007

NON-conforming home loan lenders are considering hiking interest rates on their variable rate products even further in the new year to offset the cost of the credit crunch, an aggregator says.
Many non-bank lenders rely on generating their funding from securitised debt markets, which are still frozen overseas and barely active in Australia as the cost […]

Filed under: Loans, banks, finance, homeowners, lenders, mortgage by Finance Boss
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Janata Bank won

December 8th, 2007

Janata Bank will not charge interest on loans for six months and will make available Tk 255 crore loan facilities for farming and income-generating activities in cyclone Sidr-hit rural areas.
The interest benefit will be applicable to both on new and outstanding farm and non-farm loans, a high official of the state-run bank said yesterday.
According to […]

Filed under: Loans, banks, finance, lenders by Finance Boss
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