Archive for October 8th, 2008
You are browsing the archives of 2008 October 08.
Less Than 24 Hours Before UniCredit Admits The Truth
Well, I knew it would be the case but I expected that my post of yesterday would take at least 24 hours before proving to be correct!
Reuters is now reporting on a high level meeting in Italy where UniCredit has asked for a cash injection from the government.
So why would Alessandro Profumo profess the Italian [...]
A Real Test For UK Banks
The Bank Of England has lowered UK interest rates by 0.5% to 4.5%.
The real test for UK banks comes now.
Can they resist holding out on mortgage rate reductions for a few weeks or will they do the decent thing and not see it as an opportunity to make some hay while they cast misctrustful glances [...]
