Category: UK Banks

Taxpayers promised repayment

Despite continuous warnings of not breaking up for three years the newly nationalized bank, Northern Rock promised that it would repay the ?24bn state loan till the end of 2010. The bank has also added that after the pre tax loss of about ?167.6m in 2007, it would again be making huge losses in the […]

Popularity: 90%

Taxpayers promised repayment

Despite continuous warnings of not breaking up for three years the newly nationalized bank, Northern Rock promised that it would repay the ?24bn state loan till the end of 2010. The bank has also added that after the pre tax loss of about ?167.6m in 2007, it would again be making huge losses in the […]

Popularity: 91%

Oil prices reach an all-time high

In the recent pricing the rate of a barrel of oil has reached an all-time high. The ever increasing demand for oil and depletion of resources has led to a rise of this vital commodity. A barrel of oil in the US initially touched about $103.72 but had settled at the end of floor trading […]

Popularity: 26%

Highest increase in mortgage demand

Due to and increase in the demand for purchasing home loans, there has been a rise in the mortgage applications. This rise has been stated to be the highest in four years by the MBA (Mortgage Bankers Association). This rise in the mortgage applications has been stated to be chiefly due to the rise in […]

Popularity: 14%