Final Friday afternoon Doom Final Friday afternoon Doom
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  1. #1

    Richer than sasguru

    DimPrawn is a fount of knowledge

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    Jul 2005
    Brexit Britain

    Default Final Friday afternoon Doom

    Bradford & Bingley has become the latest lender to raise its mortgage rates for new borrowers.

    Its rates for many new deals will rise by between 0.05% and 0.55% from Friday.

    The bank said it was going to charge more for new mortgages because of the increased cost of raising funds in the financial markets.

    Aviva, the owner of Norwich Union, will cut up to 1,800 jobs by 2010 as it restructures its insurance operations.

    The US unemployment rate has risen at its fastest pace in more than two decades in May, stoking recession fears in the world's biggest economy.

    The surprise jump in May's jobless rate to 5.5% from 5% is the most recent signal yet that US growth is stalling.

    Japanese banks are feeling the fallout from the US subprime mortgage crisis and the credit crunch, according to the country's financial watchdog.

    The Financial Services Agency said losses stemming from US sub-prime lending increased by 41% to 850bn yen ($8bn; £4.1bn) at the end of March.

    Have a good weekend everyone.

  2. #2

    I Am Legend

    BrilloPad has reached the peak. Play again?

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    Aug 2006


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    Fight HMRC now! Help sue HMRC individual officers/government ministers for malfeasance in office. Visit and scroll to the bottom of the page to donate.

  3. #3


    HairyArsedBloke is good enough for Jehovah!

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    Feb 2007
    Pining for the tropics


    Heating oil went limit up halting trading on the Energy complex for a bit. Crude hit $138. Dow down 300.

    Luving it

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