Reuters UK (Free subscription) | 13/11/2009
LONDON, Nov 13 (Reuters) - European property investor Heron International on Friday launched its new London West End office and retail project, The Peak, a sign of rising developer confidence in the UK's recovering commercial property market. Heron, which is partnering AXA Real Estate Investment Managers and the Co-operative Insurance Society in the 98,000 square feet project, said the building's ground...
cryptogon.com (Free subscription) | 10/10/2009
Via: Bloomberg: A year ago today, Royal Bank of Scotland Group Plc and HBOS Plc were close to collapse, causing a chain reaction that could have ended with riots in U.K. cities, security analysts and economists said. Bank failures would have forced the government to cancel police leave and deploy troops as the breakdown of the financial [...]
Indian Express (Free subscription) | 08/10/2009
A year ago on this day Royal Bank of Scotland Group Plc and HBOS Plc were close to collapse, causing a chain reaction that could have ended with riots in UK cities, security analysts and economists said.
Bloomberg (Free subscription) | 07/10/2009
Oct. 6 (Bloomberg) -- A year ago today, Royal Bank of Scotland Group Plc and HBOS Plc were close to collapse, causing a chain reaction that could have ended with riots in U.K. cities, security analysts and economists said.
KeNo's Housing and Economic Portal (Free subscription) | 30/09/2009
KeNosHousingPortal.blogspot.com TOP STORIES : Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman - ( www.bloomberg.com ) Joseph Stiglitz , the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc. “In the U.S. and many other countries, the too-big-to-fail...
Foreign Exchange Outlook (Free subscription) | 25/09/2009
GBPEUR/GBPUSD The Pound declined heavily against the Euro yesterday, dropping to a low of 1.0940, the lowest level in more than five months, while the UK currency also dropped towards $1.60 versus the U.S Dollar. A report indicated that the Bank of England may using the Pound's weakness as a way to boost the economy. The Governor of the Central Bank Mervyn King also made a statement, following speculation...
Crooks and Liars (Free subscription) | 14/09/2009
It's not as though I didn't already think this , but hearing someone like Joseph Stiglitz say it out loud is pretty chilling. And he's not the only one , either: Sept. 13 (Bloomberg) -- Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc. “In...
The Mess That Greenspan Made (Free subscription) | 14/09/2009
As reported at Bloomberg, there are still some people out there who are able to look past the surge in stock prices and the billions of dollars of TARP money that has been repaid, questioning whether the banking system has changed in any substantive way. Joseph Stiglitz, the Nobel Prize-winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit...
ShoppingBlog.com (Free subscription) | 14/09/2009
Bloomberg reports that Nobel Prize-winning economist Joseph Stiglitz believes the credit problems are worse today than they were before the crisis. He says "too-big-to-fail banks" have become even bigger. "In the U.S. and many other countries, the too-big-to-fail banks have become even bigger," Stiglitz said in an interview today in Paris. "The problems are worse than they...
Common Sense Forecaster (Free subscription) | 14/09/2009
Warnings from Joseph Stiglitz - Underlying Financial System Worse Than in 2007 Text in bold is my emphasis. From Bloomberg : Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc. “In the U.S. and many other countries, the too-big-to-fail banks...
MyDD (Free subscription) | 14/09/2009
In an interview today in Paris, Nobel Laureate Joseph Stiglitz said that while the Obama Administration has managed to stave off the collapse of the banking system, it has also failed to address the underlying problems of the banking system. He further adds that the Obama Administration is "very reluctant to do what is necessary." From Bloomberg News : "In the U.S. and many other countries,...
Zandar Versus The Stupid (Free subscription) | 13/09/2009
Nobel laureate economist Joesph Stiglitz says that the state of the financial services industry is actually worse now than last year before the collapse of Lehman Bros. , and I for one agree with him. “In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007...
Tangled Blog (Free subscription) | 05/08/2009
ELEVEN MONTHS AGO - Lloyds TSB rescued Britain's biggest mortgage lender HBOS Plc on Thursday in a $22 billion takeover as the government swept aside competition rules to ease the deal through. The takeover, sanctioned personally by Prime Minister Gordon Brown , came as banks around the world staggered under the weight of a credit crisis. TEN MONTHS AGO - The government is to pump billions of pounds...
Financial24 (Free subscription) | 05/08/2009
Lloyds Banking Group plc (LYG, LLOY.L), Wednesday, reported a loss for the first-half, on a pro-forma basis, that reflected a significant increase in impairment charges, with majority tied to the assets of HBOS plc, which was acquired by Lloyds in J ...
Financial24 (Free subscription) | 09/06/2009
Lloyds Banking Group Plc, the government-controlled bank that bought HBOS Plc, plans to cut as many as 1,660 full time jobs and shut all 164 of its Cheltenham & Gloucester branches. The bank will close the C&G network in November, the London ...
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