Archive for July, 2010

UK Mortgage Approvals Decline In June

Saturday, July 31st, 2010

UK Mortgage Approvals Decline In June
(RTTNews) – The number of mortgage approvals for house purchases by U.K banks declined in June, latest data from the British Bankers’ Association showed Friday.

House prices and home loans falling
FEARS that the housing market is set for a new slump strengthened yesterday after new figures showed a decline in both house prices and mortgage lending.

House price inflation eases again
UK house prices fell 0.5% in July, the Nationwide says, cutting the annual rate of house price inflation to 6.6% from 8.7%.

Islamic Bank of Britain to raise �20mn

Saturday, July 31st, 2010

Islamic Bank of Britain to raise �20mn
Bloomberg/London Islamic Bank of Britain said it would raise �20mn ($31mn) through a proposed placing of ordinary shares at a discounted price of 1 pence each to be subscribed by Qatar International Islamic Bank.

Getting on right lines with your investment
Tracking an index or rate makes finance easier to understand. Trackers apply to both loans and savings and are offered by an increasing number of providers but they do have their limitations. (30/07/2010 19:59:01)

Credit Ratings Agencies

Friday, July 30th, 2010

Credit Ratings Agencies
Here’s a question for you: What do you call credit ratings agencies without any credit ratings? The answer? Standard & Poor’s, Moody’s or Fitch. An unexpected last minute change in the US Financial Reform Bill, being signed by President Obama this week, means that the credit rating agencies are now going to be accountable for the ratings they issue.

Capital One Reports Second Quarter 2010 Net Income of $608 million, or $1.33 Per Share (diluted), Up from a Loss of …
Capital One Financial Corporation today announced net income for the second quarter of 2010 of $608 million, or $1.33 per common share , versus first quarter 2010 net income of $636 million, or $1.40 per common share .