IMF: high LTIs increase vulnerability The International Monetary Fund (IMF) has warned that the increase in high loan-to-income (LTI) mortgages, led by rising house prices, means that households are becoming "more vulnerable to income, interest rate, and house price shocks." It welcomes the Bank of England's decision to implement an LTI cap of 4.5 times a borrower's income and has called it "a step in the right direction", with analysis of other advanced economies finding that such macroprudential tools can be highly effective in dampening mortgage credit growth and mitigating financial stability risk. However, it goes on to say that, if such policies prove insufficient, "the Bank of England might want to consider an interest rate hike to tighten financial conditions".
Press comments on PPI
Barclays: PPI payouts near Â£5bn and will take years Barclays has admitted that the Payment Protection Insurance (PPI) scandal could have years left to run after taking an unexpected hit that took its total bill for mis-selling close to Â£5bn. The bank registered Â£900m in provisions related to PPI on Wednesday as it reported a 7pc decline in profits due to a slump in returns at its shrinking investment bank, and said a spike in older claims earlier in the year had continued into July. Banks have set aside billions to cover payouts related to mis-selling PPI in recent years, although the number of claims had appeared to dwindle in the last year.
We All March together
Keep the Faith and we all be winners here Barclays Bank is the come back kid :-) and WILL be the recovery king .. A DOG undervalued overcooked by the shorteners and devils who wants us to lose here Be Brave and Strong fellow Blue Spread Eagle Fans OUR DESTINY WILL COME just hang in there boys n girls ... our little Acorns ( DIVIDENDS) will help the little market pain in life its not about today or tomorrow that counts here TBH ... good health and long term success is the winner in life
300 down ouch !
The Dow index is down over 200 points but Barclays SP remains unchanged so holding up well. Which hopefully points to the fact that confidence is returning to the Blue Eagle.
I have criticised Barclays in the past but after these results I think they are on track to put things right, after looking at all the reports good and bad I think on balance they are on the right track. I still think it will take time and there will be times that you will have to hold your nerve, I will be happy just to see the share price stabilise . It is easy to find negative sentiments and reports like some people on here my advice do your own research and act on that.,
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.