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Bank chief: 'We must stop easy credit'

Home  Dec, 2008

Bank chief: 'We must stop easy credit' - The Bank of England today makes a startling admission of failure over the way it allowed the lending boom to end in a financial crash



Bank chief: 'We must stop easy credit'  [12/22/2008 01:17 PM]
The Bank of England today makes a startling admission of failure over the way it allowed the lending boom to end in a financial crash
Bailouts need to double, says IMF boss  [12/22/2008 01:17 PM]
Billions more will have to be pumped into the economy to avoid it spiralling into an even 'darker' recession, the head of the International Monetary Fund has warned
Stock market report: Monday latest  [12/22/2008 01:17 PM]
11.45:The year-end squaring-up of the books by institutional investors has been likened to giving a corpse the kiss of life. But that is what investors are faced with
Bankruptcies to 'triple' in recession  [12/22/2008 01:17 PM]
The number of individuals and firms forced to declare themselves bankrupt is on course to triple, it was revealed last night
Repossessed: 'We never missed a payment'  [12/22/2008 01:17 PM]
A couple have been threatened with repossession even though they have never missed a payment on their mortgage
Bank hawk Besley in warning on deflation  [12/22/2008 01:17 PM]
Bank of England hawk Tim Besley today moved to calm fears about deflation but warned that the UK economy has entered 'uncharted territory'
15 store chains 'will go bust next month'  [12/22/2008 01:17 PM]
Up to 15 well-known High Street stores could go bust next month as shoppers tighten their grip on their purse strings, an expert has warned
Toyota in red for first time in 70 years  [12/22/2008 01:17 PM]
Toyota, the world's most successful car company, succumbed to the financial crisis as it said it will post its first loss since before the Second World War
More shops start sales two days early  [12/22/2008 01:17 PM]
This year more retailers are ripping up the rule book and starting their sales on Christmas Eve, inclduing John Lewis, B&Q, Superdrug and PC World
City bankers will share bumper £6.4bn bonuses  [12/22/2008 01:17 PM]
Bankers at four leading City firms are to share an estimated £6.4bn Christmas bonus pool
Biden: US economy in danger of 'tanking'  [12/22/2008 01:17 PM]
The US economy is in danger of 'tanking', the Vice President-elect has warned
Ministers in U-turn on 'loan shark' scheme  [12/22/2008 01:17 PM]
Ministers were forced into a U-turn yesterday after Gordon Brown was accused of acting like a 'loan shark' to the poorest in society
Jobcentres ready for new influx of workers  [12/22/2008 01:17 PM]
More workers may soon be encountering something they hoped they would never see - the inside of their local Jobcentre Plus
Middle-class retrain as driving instructors  [12/22/2008 01:17 PM]
Middle-class professionals fearing redundancy are putting on their 'L' plates to retrain as driving instructors
Car parts industry job fears  [12/22/2008 01:17 PM]
Thousands of workers in the car component business could lose their jobs in the New Year
Bigger story behind a small deal  [12/22/2008 01:17 PM]
Horlick should have seen the signs  [12/22/2008 01:17 PM]
Midas share tips: Peter Hambro Mining & Randgold  [12/22/2008 01:17 PM]
Hetherington: Beware unlicensed brokers  [12/22/2008 01:17 PM]
Watchdog fails on building society mergers  [12/22/2008 01:17 PM]
A credit crunch is on the way to revolution  [12/22/2008 01:17 PM]
Some of the world's major revolutions have some things in common: they were preceded by periods of economic stress