business and industry
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage,… Read more »
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Chancellor Alistair Darling today authorised help to the mortgage lender Northern Rock from the Bank of England. Northern Rock came forward for help as tightening of inter-bank lending meant it was short of funds. “The problem here is there is a lot of money in the system but they are reluctant to lend it to… Read more »
Alistair Darling has urged Britain’s banks to adopt a more prudent attitude to borrowing, signalling the government is cracking down on the culture of easy money. In one of his first interviews as chancellor, Mr Darling said it would be helpful if lenders returned to “good old fashioned banking”. Banks should ask themselves how they… Read more »