News Tag: Sir James Crosby
February 4, 2009
The special liquidity scheme (SLS), which was set up to encourage banks and building societies to lend by allowing them to temporarily swap assets that were difficult to trade, has lent £185 billion since last April.
The scheme, set up by the Bank of England, was originally for six months only but it was extended to the end of this month ...
Bank of England lent £185bn under SLS
by Kay Murchie
November 25, 2008
The British Bankers' Association has published figures for mortgage lending in October, showing a monthly 3% rise in the total value of mortgage approvals, to £11.9 billion.
Total lending was, however, 38.2% lower than during October of last year.
The number of mortgages approved for house purchases declined in volume to 21,584, down from 23,383 in September or 52% year-on-year.
Meanwhile, ...
New mortgage lending could fall below zero
by Gill Montia
