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Tuesday 06th of July 2010

News Tag: difficulties

June 29, 2010

European shares down on banking concerns

by Kay Murchie
European shares down on banking concerns
There are fresh concerns over the European banking sector after banks are scheduled to repay €442 billion (£362 billion) worth of loans to the European Central Bank (ECB) later this week. Shares in Europe hit a three-week closing low today as a result. Furthermore, shares were hit by a sharp fall in US consumer confidence and a fall in Japanese industrial ...



July 8, 2009

Homeowners reluctant to seek help over mortgages

by Gill Montia
”Homeowners
Homeowners struggling with mortgage repayments can be shy in talking about their difficulties, despite pleas from lenders and debt charities to seek help and advice early. According to research from the Financial Services Consumer Panel (FSCP), 41% of those having difficulty paying their home loans struggle on unaided, even though seven out of eight borrowers in this group defined their problems ...



December 11, 2008

Further details of deferred mortgage repayment scheme

by Gill Montia
Further details of deferred mortgage repayment scheme
Further details have emerged of the Government's plans to help homeowners struggling with mortgage payments, as outlined in the Chancellor of the Exchequer's November pre-budget report. The new measures allow homeowners who fit the criteria to defer interest payments on their loans for a period of up to two years. The Government will guarantee a proportion of any loss to the lender ...



November 20, 2008

RBS apologises for financial difficulties

by Kay Murchie
”RBS
Sir Tom McKillop, the departing chairman of the Royal Bank of Scotland (RBS), has apologised for the bank’s difficulties. The apology came ahead of the shareholder vote for the £20 billion Government bailout, of which shareholders voted by 99% in favour. Earlier this month, the bank said it expected to report its first full-year loss since it was established almost 300 years ago. Sir ...