LIBOR still dropping...

cbrpaul

inspector_monkfish wrote: »

thats the point
the Banks are still taking the P!!

of course they are, because they can !!!!

and the libor rates will make no difference to the amount P being extracted from you or I

michaels

Piece on the BBC about just how profitable the banks are on their 'core' taking deposits and lending business.

inspector_monkfish

michaels wrote: »

Piece on the BBC about just how profitable the banks are on their 'core' taking deposits and lending business.

got a link?

inspector_monkfish

cbrpaul wrote: »

of course they are, because they can !!!!

and the libor rates will make no difference to the amount P being extracted from you or I

inderictly it affects us all

Bank Treasuries fund many different things against LIBOR. With LIBOR being so low, they are making bundles. But, they are all still claiming hard times and ripping the high street customer off at any given opportunity.

They could pass some of the bundles they are making while LIBORs are low, but cutting charges elsewhere.

Funny how all the LIBOR linked mortgages have disappeared now. There used to be quite a few not so long ago as I recall

inspector_monkfish

LIBORs 19May

3mth 1.32875 (down 1pt)
6mth 1.54375 (down 1pt)
12mth 1.8075 (down 1pt)

inspector_monkfish

LIBORs 20May

3mth 1.31875 (down 1pt)
6mth 1.53313 (down 1pt)
12mth 1.79313 (down 1 1/2pts)

cbrpaul

inspector_monkfish wrote: »

.

Funny how all the LIBOR linked mortgages have disappeared now. There used to be quite a few not so long ago as I recall

Because it’s no longer a viable business option that’s why

inspector_monkfish

cbrpaul wrote: »

Because it’s no longer a viable business option that’s why

ya don't say !!!

inspector_monkfish

talk of USD LIBORs tumbling 6 or 7pts today on the back of the FED hinting they may do more QE.

inspector_monkfish

LIBORs May21

3mth 1.30375 (down 1 1/2pts)
6mth 1.51875 (down 1 1/2pts)
12mth 1.77875 (down 1 1/2pts)

USD 3mth fell 6pts
USD 6mths fell 7pts
USD 12mths fell 6pts