US Economics Weekly Residential loan losses may return to haunt banks Banks were back in the news last week, announcing the largest quarterly increase in net income since the recession began. This was mainly due to the first decline in the value of non-current loans... 6th September 2010 · 1 min read
UK Data Response Mortgage Lending (Jul.) The Bank of England’s mortgage lending statistics for July showed a marginal rise in both the value and volume of mortgages approved. However, the bigger picture is still of subdued activity in the... 31st August 2010 · 1 min read
UK Data Response Mortgage Lending (Jul.) The Bank of England’s mortgage lending statistics for July showed a marginal rise in both the value and volume of mortgages approved. However, the bigger picture is still of subdued activity in the... 31st August 2010 · 1 min read
UK Economics Update Monetary Indicators Monitor (Aug.) The pick-up in the Monetary Policy Committee’s preferred measure of money supply growth has continued to fade. With bank lending so weak, the improvement never looked likely to last. 31st August 2010 · 1 min read
Asia Economics Update Korea's central bank has little reason to pause While today’s labour market data showed that Korea’s unemployment rate rose in July, the details of the report are encouraging. In addition, we believe that the policy rate is not the appropriate tool... 11th August 2010 · 1 min read
UK Economics Weekly Slow progress on bank lending The interim results published by the major UK banks last week showed that RBS and Lloyds are on track to meet their new lending commitments to the Government. But these lending targets have become... 9th August 2010 · 1 min read
Japan Data Response Bank Credit & EWS (Jul.) The current conditions index of the Economy Watchers Survey (EWS) climbed back to a multi-year high in July. The survey raises some questions about the outlook, but, overall, its high level should be... 9th August 2010 · 1 min read
UK Data Response Mortgage Lending (Jun.) The subdued picture of lending activity was reinforced today as mortgage approvals for house purchase recorded their largest fall for five months. Although we doubt approvals will fall significantly... 29th July 2010 · 1 min read
UK Economics Update Monetary Indicators Monitor (Jul.) The recent pick-up in the Monetary Policy Committee’s favoured measure of the money supply may already be fading. Meanwhile, bank lending is still struggling to rise. 29th July 2010 · 1 min read
UK Economics Update Monetary Indicators Monitor (Jul.) The recent pick-up in the Monetary Policy Committee’s favoured measure of the money supply may already be fading. Meanwhile, bank lending is still struggling to rise. 29th July 2010 · 1 min read
UK Data Response Mortgage Lending (Jun.) The subdued picture of lending activity was reinforced today as mortgage approvals for house purchase recorded their largest fall for five months. Although we doubt approvals will fall significantly... 29th July 2010 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jul.) The EU bank stress tests have provided some encouraging signs that parts of the euro-zone banking system may be in better health than feared. But as yet there is little sign that banks are becoming... 27th July 2010 · 1 min read
UK Economics Weekly Stress tests won’t transform outlook While the UK banks look likely to receive a relatively clean bill of health in the stress tests, tha is unlikely to have much of an impact on the outlook for the economy. After all, while recent weeks... 26th July 2010 · 1 min read
Europe Economics Weekly Stress tests are no silver bullet Attention last week centred again on the bank stress tests, which were due for publication on Friday. While the results were unavailable at the time of writing, it already seemed clear that they would... 26th July 2010 · 1 min read
