CITY A.M. Shadow MPC votes for hold July 10, 2008 Once again City A.M.’s shadow MPC Committee has unanimously agreed to keep interest rates on hold at 5 per cent. It is the second month in a row the committee has been in agreement as all believe the MPC’s concern over rising prices will trump the slowdown in growth. This month the committee has a [...]
Bischoff joins City talkshop July 14, 2008 Chancellor Alistair Darling is to chair a working group looking at competitiveness in Britain which will include Citigroup chairman Sir Win Bischoff. The group will meet once a month and will analyse matters affecting the London financial services industry such as the effects of the subprime mortgage meltdown in America which triggered the credit crunch, [...]
Banking stocks are rock bottom, which could mean it’s time to buy July 18, 2008 Financials are at bargain basement prices and it could be time to get involved, reports Esther Shaw Northern Rock has been one of the most spectacular victims of the credit crisis, but much of the banking sector has experienced some stormy weather over the last year. Even large institutions like Barclays and Royal Bank of [...]