British mortgage loans approved in October year-on-year reduced in the number of more than 60%
LONDON, Dec 1 (Reporter Chen Wen-sen) Bank of England – the Bank of England announced data on December 1 which showed that in October this year, the number of mortgage loans which Britain granted was only 32,000 copies with the same period last year reducing 63.6 percent. Because of the time loan crisis, in October last year British home loan mortgage market began to go soft.
European Commission approved of the 3 UK banks mergering a leasing companies
Brussels, Dec 1 (Reporter Zhang Bihong) of the European Commission on December 1 issued a statement as the approval of Deutsche Bank, Lloyds Bank of Britain and BNP Paribas acquisition of the British Brockport Leasing Co., Ltd. application. Notice said that according to EU merger regulations, the European Commission decided to approve the three banks to purchase the Leasing Co., Ltd. and its subsidiaries.
Bernanke said that further rate cut was possible but with limited effect
On December 1 Washington (Reporter Hu) Federal Reserve Chairman Ben Bernanke said on the 1st, a further reduction in the level of interest rates to stimulate the economy is feasible, but with limited effect. Bernanke in his speech in Texas, warned that even if financial markets continue to improve the function, the U.S. economy is at very weak state which is likely to continue for a period of time.
Translate (most links are in Chinese)