After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bank of England clamps down on buy-to-let market with strict new rules for mortgage underwriters March 29, 2016 The Bank of England has today revealed plans to clamp down on the buy-to-let market, setting out strict new rules for banks underwriting buy-to-let mortgage contracts. In a new paper out today, the Prudential Regulation Authority (PRA) said lenders will need to meet a minimum set of requirements before underwriting buy-to-let mortgage contracts, including assessing the [...]
Buy to let rule changes proposed by the Bank of England see economists and landlords butt heads March 29, 2016 Economists and landlords were at loggerheads today in an unlikely battle between homeowners and number-crunchers over the latest clampdown on the buy to let (BTL) market. Following a four-month investigation, the Bank of England today announced plans to tighten the terms and conditions under which banks and building societies can offer mortgages to anybody purchasing residential rental [...]
London to face biggest changes from buy-to-let lending clampdown: As landlords brace for tougher mortgage checks, experts say investing in buy-to-let will be tougher in the capital March 29, 2016 Landlords are facing tougher rules on mortgage borrowing following an announcement from the Bank of England – and the biggest impact will felt in London, experts say. Buy-to-let has grown massively and now there are concerns about a “bubble emerging in this market,” Chancellor George Osborne said. The Bank believes overly indebted landlords pose a risk [...]
Bank of England sets out UK bank stress test scenario and reveals plans to raise the countercyclical buffer rate for British banks in 2017 March 29, 2016 British banks, building societies and investment firms will need to build up their cash piles under new rules revealed today by the Bank of England. In a statement today, the Bank’s Financial Policy Committee (FPC) said that even though British banks have improved their “resilience” in spite of global and domestic headwinds, investors expect weaker [...]
EU referendum: Bank of England warns In/Out vote is the most significant short-term risk to the UK economy March 29, 2016 The referendum on Britain’s European Union membership poses the most significant short-term risk to the UK economy, the Bank of England has warned. In a statement today, the Bank’s Financial Policy Committee (FPC) said the outlook for Britain’s financial stability has “deteriorated” since the end of last year, with existing risks “supplemented” by uncertainty in [...]
Landlords braced for tough new lending restrictions, as Bank of England concludes investigation into buy-to-let mortgages March 29, 2016 The Bank of England could today respond to concerns about a frothy housing market by announcing new lending restrictions on landlords and those taking out buy-to-let mortgages. This morning the Prudential Regulation Authority (PRA), the Bank’s supervisory arm, will publish the results of a four-month long investigation into underwriting standards – the terms and conditions lenders [...]
A second deficit could hit chancellor George Osborne and the UK hard March 29, 2016 The Budget generated a hefty amount of political shrapnel for chancellor George Osborne, forcing him to eat humble pie in parliament and raising questions over his ability to balance the country’s books. This week, Osborne is likely to need his hard hat again when the latest balance of payments figures are published. The size of [...]
Head of Credit Suisse asset management Bob Jain to move to Millennium Management later this year March 28, 2016 The global head of Credit Suisse Asset Management, will leave the Swiss bank to become co-chief investment officer at Millennium Management. Bob Jain, who joined Credit Suisse in 1996, will manage capital allocations and risk at Israel Englander's New York-based hedge fund later this year, according to unnamed sources who spoke to Bloomberg. Jain was formerly head of [...]
Bank of England poised to announce new measures to clamp down on the buy-to-let market March 28, 2016 The Bank of England appears poised to introduce new rules to clamp down on the buy-to-let property market amid fears that the sector poses big risks to the UK economy. Chancellor George Osborne told MPs last week that it is “highly likely” that he will give the Bank’s Financial Policy Committee (FPC) powers over the buy-to-let [...]
Government launches Land Registry privatisation consultation in move condemned by Labour and PCS union March 25, 2016 The government faced criticism last night after plans to sell off the Land Registry were confirmed. Business Secretary Sajid Javid has launched a consultation document setting out options for privatising the body, which holds the titles for most of England and Wales’s land. City A.M. understands buyout firm Advent International and others are considering bids for the [...]