I see that all the banks are going to start putting up their interest rates as the cost of wholesale borrowing increases. Are these people stupid? First of all they get backed by the public in order to survive, they continue to pat huge bonuses and now this.
Can't these...
So the rating agencies have downgraded some of the UK banks. Are we in danger of talking ourselves into another recession or have they done this for another purpose.
I listened to a bit on the radio this evening and it was suggested that the reason for the downgrade was to...
I noticed on the news sites that the central banks in Europe had pumped more money into the banks in order to provide more loans to help funding pressures. I am sorry but is this the right thing to do?
We have pumped an inordinate amount of money into the banking system that...
