Weekly Comment on the Markets, Politics and Economics by Alastair Winter, Chief Economist at Daniel Stewart & Co.
WEEK AHEAD
Business & Finance
Resolution and Furture of Finance – Paul Tucker
Speaking at the 9th World Congress of the International Association of Restructuring, Insolvency and Bankruptcy, Paul Tucker – the Bank’s Deputy Governor for Financial Stability and a member of both the Financial Policy Committee (FPC), the Monetary Policy Committee (MPC)
Loan books unwind but ‘two-speed Britain’ sees property debt increasingly polarised
Debt held against UK commercial property stood at £197.9bn at the end of 2012, a year-on-year fall of 7.7 per cent, but also revealed continued falls in the value of the worst performing assets, underlining the increasing polarisation in the property market and the wider economy.
Monetary policy and monetary policy-making – speech by Martin Weale
In a speech delivered at the British-American Business Council Transatlantic Conference, Martin Weale – External Member of the Monetary Policy Committee (MPC) – sets out his thoughts on monetary policy-making in the current circumstances.
Deutsche Bank appoints Jerry W. Miller as Head of Asset & Wealth Management Americas
Deutsche Bank announced today that Jerry W. Miller has been appointed Head of Asset & Wealth Management Americas, effective immediately.
Miller is based in New York and reports to Michele Faissola, Head of Asset & Wealth Management.
Falling rates seduce remortgagers
*Two thirds of April remortgagers took advantage of lower mortgage rates
*Almost half (42%) reduced their monthly payments
Continued UK GDP Growth Forecast by SWIFT Index as Rate of Growth Slows for US Economy
SWIFT, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries, has released its latest SWIFT Index data based on an average of 2 million SWIFT payments messages per day.
Chart of the Week – UK Weekly Hours Worked
When you look at the Chart of the Week below and then at the economy in general, you have to ask yourself “what are all these working hours being spent on doing?”
Smile Voted Most Trusted Bank by its Customers
As high street banks and consumers alike anticipate the new seven-day account switching process to be made available in September this year,
UK Lorry Giants Continue to Go Green
Over recent years, the green cause has become an increasingly prevalent issue not just for the general public, but for many individual industries.
Labour market has run out of steam, says Ernst & Young ITEM Club
Nida Ali, economic advisor to the Ernst & Young ITEM Club comments on today’s labour market figures:
· The labour market has run out of steam and today’s figures are more consistent with the wider economy
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