Oil price predictions: What next?
The latest oil price movements, an explanation of the driving forces and predictions from industry experts
Archive for January 19th, 2009
Northern Rock reinstated as a lender
The bank bail-out package announced today by the Government could contain good news for Northern Rock borrowers and the UK mortgage market generally because the bank is being reinstated as a lender.
Since its nationalisation in February 2008, Northern Rock has focused on paying back its debt to the Government.
During last year, it was actually repaying [...]
Government announces second bailout package for banks
The Government has announced a second rescue package worth £200 billion for the banking system which will insure British banks against losses from bad loans.
The plan is designed to prevent the financial crisis from getting worse and to improve confidence and the banks’ ability to lend.
Under the terms of an insurance scheme, banks will [...]