Supercharged London house prices surge past £1 000/sq ft for first time
New homes are fetching record prices in London. The average sale price of brand-new properties in the U.K. capital breached 1,000 pounds ($1,540) a sq foot
Subprime mortgage crisis
Michael Lewis: My Eight New Year wishes for Wall Street
Michael Lewis, author of Liar’s Poker, The Big Short, Moneyball and 2014 best-seller Flash Boys offers some ideas on ways to reform Wall Street in 2015.
South African Banks face rising bad loans: Moody’s
JOHANNESBURG (Reuters) – South African banks face an increase in bad loans due to rising interest rates and the prevalence of unsecured lending, ratings agency Moody’s said on Wednesday. The central bank hiked its repo rate by 50 basis points to 5.5 percent in January and analysts polled by Reuters forecast the benchmark rate to … Read more