The Bank of England has issued a blunt warning to banks to cut staff bonuses and shareholder dividends to save cash. The Bank’s new Financial Policy Committee (FPC) said banks needed to take action to protect themselves against any “future shocks”. This could mean ensuring “discretionary distributions reflected any reduction in profits”, the FPC said. [...]
Time is running out to find a solution to the eurozone crisis and prevent another global recession, finance ministers warned on Friday, as they hinted that discussions were under way to boost the firepower of European rescue funds. Financial markets experienced another day of intense volatility as investors struggled to interpret an emergency statement from [...]
House prices fell by 1.2pc in August, wiping more than £2,000 off the cost of the average home, according to the latest housing data from the Halifax. This ends a three-month run of modest rises, but on an annual basis the cost of the average home has slipped by 2.6pc over the past year. This [...]
With the new school term looming only a few weeks away, many parents will be facing the prospect of buying new school uniform and equipment. Household budgets already squeezed by the recession will have to find on average £400 to kit out their children before the new term. According to Quidco.com the average family will [...]
(Reuters) – Retail sales grew at their fastest annual pace since April last month, helped by greater discounting, the British Retail Consortium said on Tuesday. Total retail sales excluding automotive fuel rose by an annual 2.5 percent in June in value terms, up from 1.5 percent annual growth in June and the biggest increase in [...]
You don’t have to move to Holland, Canada or Chile to improve your pension prospects – there are steps that all consumers can take to boost their retirement income. Here we list five of the best ways. 1. Join your company scheme If your employer invests into the pension on your behalf, make sure you [...]
The company flew 14.4m passengers in April, May and June, a 17.3pc increase on the same period last year. Most of this increase was down to the company attempting to win over business fliers who have been ordered to cut down on their expenses by using low-cost airlines. Easyjet increased the frequency of flights on [...]
Charities, insurance companies and financial advisers are backing a new website designed to help people who have to pay for long-term care. The site, called Paying for Care (www.payingforcare.co.uk), has been launched by annuity providers Partnership, but is designed to give impartial and comprehensive advice on all aspects of the care system. This will include [...]
Northway Financial Bank’s local heritage goes back more than a century – back to when two community banks first opened to serve individuals, families and businesses in this part of the Granite State. The Berlin City Bank and Pemigewasset National Bank joined together in 1997 as partners in Northway Financial and began operating under the [...]
A price war has broken out in the personal loan market, with the average rate on an unsecured loan of £7,500 falling to 7.89pc – the lowest level since November 2008. However, those looking to borrow a smaller amount will not see the benefits of rate cuts as the average rate on a £3,000 loan [...]
© 2009
Finance Behavior. All Rights Reserved. Terms under which this service is
provided to you. Privacy Policy. Advertising Practices. News, articles, advice and guides from everyday money issues to how to grow
your money. Covering all
aspects of personal finance, FinanceBehavior.co.uk
offers independent news and views and blogs.
