Business Services Industry
Two British Banks to Reveal Interest-Rate Impact.
Knight Ridder/Tribune Business News, June, 2004
By Ben Wright, Sunday Business, London Knight Ridder/Tribune Business News
Jun. 20--Lloyds TSB and HBOS will this week tell analysts how rising interest rates are affecting their profitability. HBOS, the UK's largest mortgage lender, is expected to strike a particularly sombre tone in its trading statement.
Bank stocks were big losers last week after a warning from Mervyn King, the governor of the Bank of England, about the housing market. While warning of a growing risk that UK house prices could fall, he signalled that rates could rise faster than many expected.
The market took this to mean that the mortgage businesses of high-street banks would suffer and punished their stock accordingly. HBOS lost 1.8 percent to close the week at...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express