Eurozone crisis: surviving the second credit crunch
The eurozone crisis has taken a turn for the worst unnerving savers once more.
Read More: The Telegraph – Investments
Europe’s banks feel funding freeze
The funding hole for European lenders is deepening following a sharp fall in bond issuance as market turmoil leads to a region-wide credit crunch
Read More: FT – Markets
Northern Rock bank sold to Virgin
Northern Rock bank, nationalised at the height of the credit crunch, is being sold to Virgin Money for £747m, the government says.
Read More: BBC News – Politics
PFI dead in current form, Treasury signals
Review follows criticism that the rising costs of debt finance since credit crunch means PFI does not represent value for money
Read More: FT – Politics
HSBC chief warns of Asia credit crunch
Stuart Gulliver says cash-starved foreign banks may retrench or raise the price of their loans, heaping pressure on Asian countries
Read More: FT – Markets
IMF warns on growing risks to global economy
The International Monetary Fund says world economic activity has slowed and that the risks of another credit crunch have grown
Read More: FT – Markets
Anglian poised to escape bank ownership
UK supplier of windows and conservatorie set to become one of the first businesses to emerge from bank ownership after the credit crunch
Read More: FT – UK Companies
Councils told to assist developers
The government wants councils to scrap planning deals signed with developers before the credit crunch whereby they agreed to contribute to the local community
Read More: FT – Politics
Spate of ‘toxic’ lawsuits looms
Lawyers are warning of fresh lawsuits against investment banks launched by investors who were sold “toxic” structured finance products before the credit crunch that are now almost worthless
Read More: FT – UK Companies
Deutsche to issue Blackstone property bond
Deutsche Bank will be behind the first true UK property securitisation since the onset of the credit crunch in a sign the market could be reviving
Read More: FT – Markets
Mortgage providers relax criteria on buy-to-let loans
Better mortgage deals are being offered to buy-to-let investors, with one lender now providing mortgages of up to 85 per cent of a property’s value, the highest loan to value available to landlords since the credit crunch
Read More: FT- Property
The FSA’s dirigiste wizardry is less than wonderful
There have been many points in the post-credit crunch evolution of UK business when one has felt compelled to say “Toto, I’ve a feeling we’re not in Kansas any more.”
Read More: FT – UK Companies
City office space demand soars
Demand for London office space from financial services groups last year outpaced pre-credit crunch levels, a sign of returning confidence among banks gearing up for expansion
Read More: FT – UK Companies
Eurozone banks hit by return of credit crunch
Far from making life easier for businesses that need to tap the debt markets, Ireland’s rescue package risks having the opposite effect as government bond yields soar
Read More: FT – Markets
Banks welcome remortgage loans again
For the first time since the credit crunch, banks compete to offer loans.
Read More: The Telegraph – Mortgages
