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  • UK's largest mortgage lender rescued

    Another day, another rescue. This time on the other side of the Atlantic. HBOS, the UK's largest mortgage lender, with a 20% market share, announced this morning that it was being rescued via a merger with the Lloyds TSB bank. The deal was brokered by the UK government. UK Finance Minister, Alastair...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-18-2008

  • The graph the Bank of England didn't publish

    Every 3 months, the Bank of England publishes its Inflation Report . This is packed with useful charts and commentary on just about every aspect of the world economy. It also normally includes the Bank's own indicator of where UK house prices are headed. This is based on surveys by the Royal Institute...
    Posted to ICIS Blogs (Weblog) by Anonymous on 05-17-2008

  • UK government expects house price falls

    Yesterday the UK public had a rare view of what the government really thinks about future house price trends. Photographers snapped Housing Minister Caroline Flint arriving for a Cabinet meeting. And then journalists went to work on reading the notes in her hand. Contrary to official statements, it seems...
    Posted to ICIS Blogs (Weblog) by Anonymous on 05-14-2008

  • UK ‘at risk of US-style housing slump’

    UK readers, and others invested in the outlook for the UK housing market, may be particularly interested in the FT this weekend. It devotes 2 prime pages to a detailed analysis by Fitch, the ratings agency, of sub-prime and buy-to-let lending. As we know from the US, these are the most risky types of...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-19-2008

  • UK nationalises Northern Rock

    The UK government has today nationalised the country’s 8th largest bank, responsible for 18.9% of UK mortgage lending. You may remember that Northern Rock was an immediate victim of the US subprime crisis . Its funding model, based on securitisation, failed to work once lenders became more concerned...
    Posted to ICIS Blogs (Weblog) by Anonymous on 02-18-2008
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