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Major bank will pump £15 billion into Home Loans
Comments
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pickles110564 wrote: »In your world who is going to lend at 1%? Maybe the tooth fairy will come to your rescue.:rotfl:
Don't think I quite said that:D Interest rates 1% Mortgages rates ?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Find it hard to believe they needed no money at all, the money markets are closed and all banks operate a leveraged model so just having more deposits then loans wouldnt be enough
Didnt realise they were biggest of everything wow I guess they might not have needed government liquidity loans thenAs of 2008, it is both the world's largest banking group and the world's largest company according to a composite measure by Forbes magazine
http://en.wikipedia.org/wiki/Hsbc0 -
One question....where is all the money coming from?
You and me!
collectively known as 'the tax payer'Hi, we’ve had to remove your signature. The one where you showed us Dithering Dad is a complete liar. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team0 -
Doesn't the money come from parcelling up the good mortgages with dodgy loans, getting it A rated by an [STRIKE]accomplice in crime [/STRIKE]credit rating agency and flogging it off to daft British banks? Actually HSBC probably have an alternative now. Rather than lend to struggling industry and freeing up some much needed liquidity, why not blow a few billion on the collapsing housing market? After all the main thing is to screw your competitors, not to actually help the economy.
Bankers.0 -
scousethife wrote: »You and me!
collectively known as 'the tax payer'
Ah except that I am more commonly known as one of the scourge of society:rolleyes:We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
scousethife wrote: »You and me!
collectively known as 'the tax payer'
They (HSBC) rejected Government handouts http://www.fairinvestment.co.uk/deals/news/banking-news-Barclays-and-HSBC-shares-rise-after-rejecting-Government-bail-out--2351.htmlI used to have a signature but it disappeared and I just couldn't be bothered writing another, so please feel free to ignore this.0 -
After all the main thing is to screw your competitors, not to actually help the economy.
Bankers.
As much as G.Brown would like, it's not quite a planned economy...YET!!!I used to have a signature but it disappeared and I just couldn't be bothered writing another, so please feel free to ignore this.0 -
HSBC Also have made £1Billion available to small business.
Me thinks HSBC will make a killing during the times other banks are struggling.
I am with HSBC, I was going to change but I think I may stay put. They didn't want Gov't help recently either.
Where are they getting the money from ? No one was asking this over the last 10 yrs or so they were just grabbing it so why worry now....... Fill yer boots. :rotfl: :rotfl:I came in to this world with nothing and I've still got most of it left. :rolleyes:0 -
bo_drinker wrote: »I am with HSBC, I was going to change but I think I may stay put. They didn't want Gov't help recently either.
Where are they getting the money from ? No one was asking this over the last 10 yrs or so they were just grabbing it so why worry now....... Fill yer boots. :rotfl: :rotfl:
I have a First Active (HSBC) account and also a UCB Home Loans.
When you compare the two, First Active wins hands down.
I was re-reading my mortgage terms and conditions to remind myself of ERP's etc so I know the figures for re-mortgaging.
Theoretically, it can be worth paying the ERP to save more money by having a lower mortgage interest rate:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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