When Banks Increase Profits In A Falling Market

While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money.  Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts.  You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage  and other instruments will fall – not always. [more...]

Date: 2009-09-25 02:04:09

Blog posts (4) | Videos (6)
 

A perfect storm: the UK’s next banking crisis

The UK has recently undergone a banking crisis, the reasons for which have been much analysed, ... are predominantly made up of credit card debt against households which are breaking all records for indebtedness ... potential in profitable times    All of this means banks are facing wave upon wave of bad debt [more...]

Date: 2009-01-06 12:31:36

Media Digest 1/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Citigroup (C) is near a deal to form a venture putting its brokerage business together with the one at Morgan ... reports that the UK and its major banks are working on a deal so that firms can dump bad debt. The Wall [more...]

Date: 2009-01-12 09:07:45

Payday Loans - Sometimes They Are Your Only Choice

The financial crisis that is currently gripping the UK stemmed from a reliance on ‘bad’ debt ... institutions creaked at the strain of bad debt. The negative effect of the bad lending rippled ... hundreds of thousands of dollars to people who were simply unable to pay off the debt. Initially [more...]

Date: 2008-12-19 07:23:56

4 Results