Brink of collapse – how the global financial crisis began
The BNP Paribas announcement turned out to be the starting gun to the global financial crisis.
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“This is good news,” said the Governor of the Bank England about the decision to raise interest rates for the first time in a decade. From 0.25 to 0.5 percent. Doubled but still to no more than a whisker. So what will that mean for the millions of us with mortgages and credit card debt?
Interest rates have now been on hold for the longest period in living memory, but all that could end tomorrow when the Bank of England is expected to put up base rates for the first time in a decade. The increase is likely to be fractional, but the psychological shift could be far more profound.…
In his speech at the Labour Party Conference this week, Jeremy Corbyn promised to introduce rent controls. The announcement delighted many struggling private renters, but critics responded saying the move would damage the housing sector and be a “disaster for tenants”. So who’s right? What does ‘rent control’ actually mean? The main problem with the rent controls…
The BNP Paribas announcement turned out to be the starting gun to the global financial crisis.
It’s been ten years since the financial crisis began. FactCheck looks at three ways millennials are feeling the effects of the crash.
The US Department of Justice is going after all the banks involved in mis-selling sub-prime and RBS is the last (and biggest offender) on its list. So today – in anticipation of that mega fine – RBS has set aside another £3.1 billion – bringing the total allocated for sub-prime to £6.7 billion.
Allies of Iain Duncan Smith feel they have fought a feisty rearguard action after the Treasury came snooping round their universal credit money.
Redcar could be – yet again – the canary in the coalmine for a global problem. For what 2008-9 told us is: every time there’s a major credit event, the steelworks on Teesside shuts.
Some 275,000 payments, including salaries, are delayed before the bank holiday weekend because of a glitch in HSBC’s IT systems.
The government has sold a 5.2 per cent stake in RBS for 330p a share – £2.1bn. But was it a billion pound loss or an astute financial decision in an uncertain market?
The claim “In many parts of our country it has become normal for young people to leave, though not out of choice. This might be to find work, but more and more, it is to find a home that they can afford.” Greg Clark, Communities Secretary, 2 July 2015 The background Are young people being…
Nurseries warn the childcare system faces “meltdown” unless planned government changes to double care are fully funded.
UK consumer prices turned negative in April for the first time, falling to -0.1 per cent. Good news for consumers – but is there a downside?
RBS today announced a £3.5bn loss for 2014 – the bank’s seventh straight year of losses. So is it right that CEO Ross McEwan should take home an overall package of about £2.6m?
As HSBC is accused of helping companies evade taxes, Channel 4 News looks at five other banking controversies since the financial crash.