Bob Diamond quits as Barclays chief
- By Joe
- Banking
- On July 3, 2012
- No Comments.
Barclays chief executive Bob Diamond has resigned with immediate effect.
His resignation comes less than a week after Barclays was fined £290 million for trying to manipulate LIBOR rates.
Diamond became CEO of Barclays on Jan. 1, 2011 after joining …
What is a company’s credit rating?
- By Joe
- Credit rating
- On June 28, 2012
- No Comments.
A company’s credit rating is an assessment of the credit worthiness of the company. Essentially, credit ratings are forward-looking opinions about the risk attached to giving credit (lending money) to a company.
There are several ‘credit rating agencies’ who publish …
What is LIBOR?
- By Joe
- Economics, Interest Rates
- On June 28, 2012
- No Comments.
LIBOR (the London interbank offered rate) is essentially the rate at which banks lend money to each other.
Unlike the Bank of England Base Rate, LIBOR is not set directly. Instead it is calculated based on the supply and demand …
What is ‘G Day’
- By Joe
- Annuity, Critical Illness, Income protection, Life Assurance
- On June 13, 2012
- No Comments.
G Day (21st December 2012) – is when men and women have to be treated equally when it comes to insurance premiums and pension annuities. G Day has been brought about in order for the UK to comply with …
UK interest rates unchanged at 0.5%
- By Joe
- Inflation, Interest Rates, Investments, Savings
- On June 7, 2012
- No Comments.
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.
Although largely expected and good news for borrowers, this is not good news for savers.
If you are tired …
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- Bank of England cuts interest rates to 4.25%
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.
Although largely expected and good news for borrowers, this is not good news for savers.
If you are tired …
- UK inflation rate falls to 2.6% in March 2025
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.
Although largely expected and good news for borrowers, this is not good news for savers.
If you are tired …
- Bank of England holds interest rates at 4.5%
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.
Although largely expected and good news for borrowers, this is not good news for savers.
If you are tired …