Giant bond bubble about to burst?

Charterbridge

googleplus linkedin

Giant bond bubble about to burst?

Is Bond bubble about to wreck your pension?

The life savings of older workers have been left teetering on a cliff edge because of the Bank of England’s attempts to jump-start the economy. As much as £30,000 may be wiped off a £100,000 pension pot because savers have been exposed to a giant bubble in investment markets, experts have warned. They’ve experienced an artificial boost in the value of their retirement funds caused by the Bank of England’s policy of printing more money, known as Quantitative Easing (QE).

Daily Mail,  p. 37

Blankfein bearish on outlook as Goldman names new partners

The Investment banking downturn does not look like coming to an end any time soon, Goldman Sachs boss Lloyd Blankfein warned last night, ahead of the bank today trimming partner numbers to save costs.

City AM London,  p. 7

Persimmon positive on future growth despite tough market

House builder Persimmon has warned that the housing market continues to be challenging with mortgage availability the key constraint, but it was optimistic of future growth.

City AM London,  p. 22

Banks/RBS chief warns of ‘moral hazard’ in ringfencing retail banks

Royal Bank of Scotland’s chief executive, Stephen Hester, last night warned members of the Parliamentary Commission into Banking Standards that plans to force banks to “ringfence” retail banking could create a “moral hazard” as a result of them expecting a bailout.

The Independent,  p. 58-59

Also appeared in : Financial Times,  p.4, Independent i,  p.43

Biggest banks ‘should pay more tax for failure fund’

Michael Cohrs, a member of the Bank of England’s Financial Policy Committee, has proposed that the world’s biggest banks should pay an additional tax.

The Times,  p. 41

Also appeared in : Daily Mail,  p.64

Regulators open inquiry into HSBC in Jersey

Jersey’s financial regulator has launched an investigation into HSBC’s operations on the island following allegations that the bank opened offshore accounts for serious criminals.

The Independent,  p. 57

Also appeared in : Independent i,  p.40

Barclays will today hand over the names […]

Barclays will today hand over the names of 30 traders and managers involved in the manipulation of Libor as part of a legal action over the mis-selling of financial products.

The Times,  p. 35

Barclays will today hand over the names […]

Barclays will today hand over the names of 30 traders and managers involved in the manipulation of Libor as part of a legal action over the mis-selling of financial products.

The Times,  p. 35

Bank of England is hit for using old data to push for capital hike

The Bank of England’s finance sector models are hopelessly out of date, leading the central bank to wrongly push for banks to hold more capital even though the sector has made enormous progress since the financial crisis, a top analyst warned yesterday.

City AM London,  p. 15

Libor could hit banks’ ratings

Lawsuits against banks over Libor manipulation could be so expensive that their credit ratings get cut, leading ratings agency Moody’s warned yesterday.

City AM London,  p. 7

The above articles appeared on 14\11\12 reproduced with the kind permission of Kantar Media UK . All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol