BIS warns global lending contracting at fastest pace since 2008 Lehman crisis

CML: First-time buyers returning to property market at fastest rate since 2008

But lending to homeowners looking to move up the property ladder fell leading to an overall dip in mortgage lending, while remortgage lending also eased, the CML said.

dailymail.co.uk (1 month and 6 days ago)

Europe, Unemployment and Instability

The global financial crisis of 2008 has slowly yielded to a global unemployment crisis. This unemployment crisis will, fairly quickly, give way to a political crisis. The crisis involves all three of the major pillars of the global system -- Europe, China and the United States.

townhall.com (2 months and 18 days ago)

Intl lending sees smallest growth in 13 yrs

BIS data shows US non-banks, Britain see biggest cross-border lending boost in Q4.

businessspectator.com.au (2 months and 6 days ago)

US housing starts surpass 1 million in March

U.S. builders broke ground in March on homes at the fastest pace in nearly five years, fueled by a surge in apartment construction. The gains show the housing market is gaining strength ahead of the spring-buying season.The Commerce Department says builders increased their construction pace 7 percent in March from February to a seasonally adjusted rate of 1.04 million....

thenewstribune.com (1 month and 5 days ago)

US housing starts rise, permits at 4 1/2-year high

U.S. builders started more houses and apartments in February, while requesting permits for future construction at the fastest pace in 4 1/2 years. The increases point to a housing recovery that is gaining strength.The Commerce Department said Tuesday that builders broke ground on homes last month at a seasonally adjusted annual rate of 917,000. That's up from 910,000 in...

thenewstribune.com (2 months and 5 days ago)

Jamie Dimon Rewrites History

Jamie Dimon now claims that he and his bank, JPMorgan Chase, labored to prevent the 2008 collapse of Lehman Brothers, according to documents filed in federal court this week. That assertion directly contradicts the conventional understanding that the bank effectively exploited Lehman’s vulnerabilities for its own gain. “We took huge exposures to keep Lehman alive,” Dimon...

huffingtonpost.com (2 months and 22 days ago)

Service sector grows at fastest pace in a year

NEW YORK (Reuters) - The pace of growth in the vast U.S. services sector accelerated to its fastest pace in a year in February, helped by a rise in new orders and demand for exports, an industry report showed on Tuesday.

reuters.com (2 months and 19 days ago)

Global crisis not over, Gillard warns Abbott

PM mocks Abbott for suggesting global financial crisis is over, points to Cyprus struggles.

businessspectator.com.au (2 months and 4 days ago)

Overseas lending, bank exposure to Cyprus around $100 billion: BIS, Moody's

foxbusiness.com (1 month and 26 days ago)

S&P hit by Lehman class action

Around 90 councils, charities and churches have announced plans to sue global ratings agency Standard & Poor's for more than $200 million over toxic investments which plunged in value during the global financial crisis.

abc.net.au (1 month and 5 days ago)