Default risks keep cost of lending high

first_img whatsapp Share Sunday 19 September 2010 10:44 pm KCS-content Show Comments ▼ whatsapp AN INCREASE in financial institutions’ perceived riskiness and their need to shore up balance sheets in the wake of the credit crisis has kept the cost of borrowing high despite the Monetary Policy Committee (MPC) slashing headline interest rates to historic lows, the Bank of England will say today in its latest quarterly bulletin.Despite improvements in their capital and liquidity positions, lenders are struggling to raise funds in the long-term wholesale debt market at pre-crisis rates because market participants are still demanding significantly greater compensation for the credit risk associated with long-term exposures to lenders, the report said.The end result is that interest rates charged on mortgages have fallen much less than cuts in the Bank’s key policy rate to 0.5 per cent.The recession and associated increase in unemployment has also caused an increase in the number of borrowers missing interest payments, requiring banks to raise their estimates of the number of defaults and hike their lending rates accordingly.The Bank’s analysts Richard Button, Silvia Pezzini and Neil Rossiter think it likely that lenders have increased their mark-up to improve the profitability of extending loans and increase institutions’ capital. Such an increase could improve lenders’ profitability and – if those profits were retained – enable them to increase capital, they said.They argued that an increase in capital is desirable providing “it does not unduly constrain the supply of credit to households and businesses”. Both households and small and medium enterprises have found access to credit extremely difficult since the onset of the financial crisis.However, an improvement in lenders’ capital positions should eventually reduce the price of lending: “Building up higher levels of capital in the banking sector reduces the likelihood that lenders will default. This should lower market participants’ perceived riskiness of the lenders and corresponding lenders’ marginal funding costs, enabling them to reduce the price of new lending to households,” they added.Elsewhere, the Bank said the recent recovery in world trade suggests the financial crisis has not inflicted permanent damage on the links connecting the global marketplace. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today Default risks keep cost of lending high Tags: NULLlast_img read more

Bank of England’s Tucker is upbeat on UK economy

first_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance StoriesLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health whatsapp Share Bank of England’s Tucker is upbeat on UK economy Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap center_img whatsapp Wednesday 17 November 2010 8:09 pm Show Comments ▼ PARTS of Europe are experiencing difficulties but Britain’s economy looks in better shape now than it was a few months ago, Bank of England deputy governor Paul Tucker said yesterday.In an interview with BBC Radio Oxford, Tucker struck a cautiously upbeat tone and reiterated the central bank’s commitment to bring “uncomfortably high” inflation back to target. “The world is still a hazardous place and there are obviously difficulties around Europe. But I think the UK is in a better position now than perhaps it was a few months ago,” Tucker said.Tucker said the government’s action to cut the budget deficit had taken away some of the risks to the macro-economic outlook, and noted it had been widely welcomed by the business community.The action that has been taken to put the UK public finances on a better footing over the next few years provides some insulation for our economy,” he said. He said businesses were “mildly optimistic” on the future. Tags: NULLlast_img read more

Red Tiger & NetEnt CFO Falzon to join Bragg board

first_img Email Address Results published last week showed that following the acquisition, Evolution’s revenue for the 12 months to 31 December amounted to €561.1m (£491.4m/$679.8m), up 53.4% from the previous year. Falzon bring significant financial expertise in gaming to the company, Bragg said, as well as experience in listing on the Nasdaq, which is one of the supplier’s objectives for 2021. People moves In January, Bragg set out plans to rapidly expand throughout the US and Canada in the next year, while continuing to strengthen its presence in the supplier’s core European market. 16th February 2021 | By Conor Mulheir She currently holds the role of operational CFO of NetEnt and chief financial officer of Red Tiger Gaming, and previously held the positions of group CFO at Evoke Gaming and group financial controller of King. As chief financial officer of Red Tiger, Falzon navigated the 2019 sale of the company to NetEnt for £220m (€245.3m/$271.4m). Adam Arviv was appointed as Bragg’s permanent chief executive in December 2020, after serving as interim chief executive since previous CEO Dominic Mansour stood down from the role in August. “Her financial experience in the gaming sector is unmatched in the industry and will be very valuable as we continue our global growth strategy.” Topics: People People moves Falzon was named one of iGB’s Most Influential Women in November last year, following her key role in the M&A activity which saw NetEnt acquired by Evolution.center_img Tags: NetEnt Red Tiger Gaming Bragg Gaming Group Falzon added: “I’m thrilled to join the team at such an exciting time in Bragg’s evolution. Bragg continues to outperform on their expansion goals and I’m happy to contribute my expertise to the mission.” “We’re very pleased to have Lara join our championship team – she brings tremendous industry experience,” said Adam Arviv, chief executive of Bragg Gaming. Red Tiger & NetEnt CFO Falzon to join Bragg board Bragg said it would ramp up investment in its technology, regulatory and compliance, and business development teams to ensure it could capitalise on new US and Canadian revenue streams.     B2B technology supplier Bragg Gaming Group has announced that chief financial officer of Red Tiger Gaming, and operational CFO of gaming giant NetEnt, Lara Falzon, has been elected to its board of directors effective 1 March, 2021. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Falzon also played an instrumental role in the sale of NetEnt to Evolution in September 2020, in a deal worth $2.1bn. Subscribe to the iGaming newsletter Subsequently, NetEnt’s reported earnings increase by 58% year-on-year, with US revenues up 313%, Bragg said.last_img read more

Botswana Insurance Holdings Limited (BIHL.bw) 2000 Annual Report

first_imgBotswana Insurance Holdings Limited (BIHL.bw) listed on the Botswana Stock Exchange under the Insurance sector has released it’s 2000 annual report.For more information about Botswana Insurance Holdings Limited (BIHL.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Botswana Insurance Holdings Limited (BIHL.bw) company page on AfricanFinancials.Document: Botswana Insurance Holdings Limited (BIHL.bw)  2000 annual report.Company ProfileBotswana Insurance Holdings Limited (BIHL Group) is a leading financial services group in Botswana which operates through three subsidiaries. Botswana Insurance Fund Management (BIFM) is an asset management company and wholly-owned by BIHL Group; managing in excess of P23.9 billion in assets across equity, fixed income, real estate, liquidity and alternative investments. The subsidiary company is also invested in non-traditional assets which include the healthcare industry, tourism sector and property development. Botswana Life Insurance Limited (BLIL) is the leading life insurer in Botswana; with an estimated market share of 80%. Legal Guard is a legal expenses insurer which provides clients with access to personal legal counseling and assistance with experienced attorneys based in 11 branches located in the major towns and cities of Botswana. Legal Guard represents clients in civil, criminal and labour matters.last_img read more

Margarine Industries Limited (MIL.mu) 2013 Abridged Report

first_imgMargarine Industries Limited (MIL.mu) listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2013 abridged results.For more information about Margarine Industries Limited (MIL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Margarine Industries Limited (MIL.mu) company page on AfricanFinancials.Document: Margarine Industries Limited (MIL.mu)  2013 abridged results.Company ProfileMargarine Industries Limited is a Mauritian company that focuses on the manufacturing, distribution and sale of margarine and other related products. The company also engages in the import and distribution of dried foodstuffs such as concentrated juices, fruit juices, canned foods, rice, biscuits, syrups, UHT milk, chocolate spread, yeasts, cereals, and honey. Margarine Industries Limited handles its business under two segments, which are manufacturing and trading. Margarine Industries Limited is listed on the Stock Exchange of Mauritius.last_img read more

Hotelest Limited (HTLS.mu) Q12016 Interim Report

first_imgHotelest Limited (HTLS.mu) listed on the Stock Exchange of Mauritius under the Tourism sector has released it’s 2016 interim results for the first quarter.For more information about Hotelest Limited (HTLS.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Hotelest Limited (HTLS.mu) company page on AfricanFinancials.Document: Hotelest Limited (HTLS.mu)  2016 interim results for the first quarter.Company ProfileHotelest Limited is based in Port Louis, Mauritius and is engaged in the tourism and hospitality industry where, through the company’s subsidiary, Constance Hotels Services Limited, owns and operates hotels. Hotelest Limited is listed on the Stock Exchange of Mauritius.last_img

British American Tobacco Zambia Limited (BATZ.zm) Q22020 Interim Report

first_imgBritish American Tobacco Zambia Limited (BATZ.zm) listed on the Lusaka Securities Exchange under the Agricultural sector has released it’s 2020 interim results for the second quarter.For more information about British American Tobacco Zambia Limited (BATZ.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Zambia Limited (BATZ.zm) company page on AfricanFinancials.Document: British American Tobacco Zambia Limited (BATZ.zm)  2020 interim results for the second quarter.Company ProfileBritish American Tobacco Plc. Zambia is a major distributor of cigarettes in Zambia. The company also has a line extension range which includes cigars, e-cigarettes and next-generation products (NGPs) which include a vapor product called Vype, and a tobacco heating product called iFuse. The company also markets a popular smokeless moist tobacco powder called Snus which most people know as snuff. British American Tobacco Zambia is a subsidiary of the British American Tobacco Group which has extensive international interests in the tobacco industry, from farm to market. Well-known brands in the BAT portfolio are Dunhill, Kent, Pall Mall and Lucky Strike. British America Tobacco Plc Zambia is listed on the Lusaka Stock Exchangelast_img read more

The Man Behind Black History Month

first_img LEAVE A REPLY Cancel reply Please enter your name here TAGSBlack History MonthCarter WoodsonThe HIstory Channel Previous article5 Ways A Business Degree Can Help You Achieve SuccessNext articleAmerican Heart Month: Commit to a healthy lifestyle Denise Connell RELATED ARTICLESMORE FROM AUTHOR Please enter your comment! Support conservation and fish with NEW Florida specialty license plate From the History ChannelThe son of freed slaves from Virginia, Carter Woodson, became one of the first African-Americans to receive a doctorate from Harvard University. In the 1920s, as co-founder of the Association for the Study of Negro Life and History, he established Negro History Week, the predecessor of today’s Black History Month, as an annual celebration of African-American history and heritage. Woodson’s lifelong efforts to promote the teaching of black history in the nation’s schools and encourage members of his race to learn more about their heritage led many to call him the “Father of Black History.”Carter WoodsonIn 1915, Carter G. Woodson traveled to Chicago from his home in Washington, D.C. to take part in a national celebration of the 50th anniversary of emancipation. He had earned his bachelor’s and master’s degree from the University of Chicago and still had many friends there. As he joined the thousands of black Americans overflowing from the Coliseum, which housed exhibits highlighting the achievements of their people since the abolition of slavery, Woodson was inspired to do more in the spirit of celebrating black history and heritage. Before he left Chicago, he helped found the Association for the Study of Negro Life and History (ASNLH). A year later, Woodson single-handedly launched the Journal of Negro History, in which he and other researchers brought attention to the achievements of black Americans.Born in 1875 in Canton, Virginia, Woodson had worked as a sharecropper, miner, and various other jobs during his childhood to help support his large family. Though he entered high school late, he made up for lost time, graduating in less than two years. After attending Berea College in Kentucky, Woodson worked in the Philippines as an education superintendent for the U.S. government. He earned his bachelor’s and master’s degrees at the University of Chicago before entering Harvard. In 1912, three years before founding the ASNLH, he became only the second African American (after W.E.B. DuBois) to earn a doctorate from that institution.Like DuBois, Woodson believed that young African Americans in the early 20th century were not being taught enough of their heritage, and the achievements of their ancestors. To get his message out, Woodson first turned to his former fraternity, Omega Psi Phi, which created Negro History and Literature Week in 1924. But Woodson wanted a wider celebration, and he decided the ASNLH should take on the task itself.In February 1926, Woodson sent out a press release announcing the first Negro History Week. He chose February because the month contained the birthdays of both Abraham Lincoln and Frederick Douglass, two prominent men whose historical achievements African Americans already celebrated. (Lincoln’s birthday was February 12; Douglass, a former slave, hadn’t known his actual birthday but had marked the occasion on February 14.)As schools and other organizations across the country quickly embraced Woodson’s initiative, he and his colleagues struggled to meet the demand for course materials and other resources. The ASNLH formed branches all over the country, though its national headquarters remained centered in Woodson’s row house on Ninth Street in Washington D.C. The house was also home base for the Associated Publishers Press, which Woodson had founded in 1921. The author of more than 20 books, including “A Century of Negro Migration” (1918), “The History of the Negro Church” (1921), “The Negro in Our History” (1922) and his most celebrated text, “The Mis-Education of the Negro” (1933), Woodson also worked in education, as principal for the Armstrong Manual Training School in Washington, D.C., and dean at Howard University and the West Virginia Collegiate Institute.Apparently, Woodson never viewed the study of black history as something that could be confined to a week. As early as the 1940s, efforts began to expand the week of public celebration of African American heritage and achievements into a longer event. This shift had already occurred in some locations by 1950 when Woodson died suddenly of a heart attack at home in Washington.With the rise of the civil rights and Black Power movements in the 1960s, young African Americans on college campuses were becoming increasingly conscious of the historical dimension of their experience. Younger members of the ASNLH (which later became the Association for the Study of African American History) urged the organization to change with the times, including the official shift to a month-long celebration of black history. In 1976, on the 50th anniversary of the first Negro History Week, the Association officially made the change to Black History Month.Since then, every U.S. president has issued a proclamation honoring the spirit of Black History Month. Gerald Ford began the tradition in 1976, saying the celebration enabled people to “seize the opportunity to honor the too-often neglected accomplishments of black Americans in every area of endeavor throughout our history.” Ronald Reagan’s first Black History Month proclamation stated that “understanding the history of black Americans is a key to understanding the strength of our nation.”In 2016, Barack Obama, the nation’s first African-American president, made his last proclamation in honor of Woodson’s initiative, now recognized as one of the nation’s oldest organized celebrations of history. “As we mark the 40th year of National African American History Month, let us reflect on the sacrifices and contributions made by generations of African Americans, and let us resolve to continue our march toward a day when every person knows the unalienable rights to life, liberty, and the pursuit of happiness.” You have entered an incorrect email address! Please enter your email address here Share on Facebook Tweet on Twitter Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Anatomy of Fear Save my name, email, and website in this browser for the next time I comment.last_img read more

Chris Ashton reflects on his controversial 10-week ban for gouging

first_imgTuesday Feb 9, 2016 Chris Ashton reflects on his controversial 10-week ban for gouging Last week Chris Ashton was banned for 10 weeks following an incident that involved him pulling Ulster back Luke Marshall down by the face, and in the process making contact with his eyes. Ashton appealed, but had it rejected, meaning he will miss the entire Six Nations. The ban came about a week after he was recalled to the England squad, 18 months after his last Test appearance. Ashton has since spoken about the incident, when he made an appearance as a studio guest during BT Sport’s live coverage of Exeter Chiefs against Saracens.The Saracens winger reflected on his 10-week ban for gouging, as Lawrence Dallaglio sympathised with him and discussed other similar recent incidents.Ashton also said that England coach Eddie Jones has set him certain targets that could mean, despite this setback, he will still get another chance to rejuvinate his Test career.Dallaglio weighs in on the severity of the ban, and while winger Ashton is frank in his view of the incident, he also states that there is no place for gouging on the rugby pitch. However officials do need to somehow determine whether there is intent or not.You can watch the full incident again below. Let us know what you think?ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyDoctors Stunned: She Removes Her Wrinkles With This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living10 Types of Women You Should Never MarryNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Never say die attitude of Sevu Reece is one of the best things we’ve seen this season

first_imgWednesday Mar 10, 2021 Never say die attitude of Sevu Reece is one of the best things we’ve seen this season Crusaders winger Sevu Reece gave us one of the highlights of the Super Rugby weekend when he pulled off this stunning try saver against the Highlanders to prevent a certain try.ADVERTISEMENTAll Black-capped after a brilliant rookie season in 2019, Reece found that opportunities were harder to come by in 2020, so has put in a big shift in the offseason to give himself the best chance of achieving his ambitions.“At the end of last year I had to go back into my books and put a really good plan in place of how I want this year to turn out for me and I’m pretty sure I’m clear with what I want to achieve this year,” he said.OUCH: Sevu Reece makes brutal shot as winger steps directly into the line of fireSo far, his plan has worked as he’s put in some top-quality performances already in Super Rugby Aotearoa with the CrusadersThe 24-year-old flyer showed his commitment to the cause with this incredible piece of defence against the Hurricanes this past weekend.Starting on the floor after a wayward teammate’s pass went into the hands of the opposition, Reece got up and chased despite Jackson Garden-Bachop having a massive head start.A perfectly timed leap allowed him to affect the tackle, along with his other winger, and save a certain try. It’s yet another one for the highlight reel from this dynamic young player.ADVERTISEMENTWatch full highlights from the match below Posted By: rugbydump Share Send Thanks Sorry there has been an error See it to Believe it Related Articles 14 WEEKS AGO MacGinty miracle ball sets up Lood de Jager… 14 WEEKS AGO The time Brian O’Driscoll pushed aside physios… 14 WEEKS AGO Incredible Kolbe athleticism turns heavy… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more