Banks “misleading” people….NO WAY, IT’S NOT POSSIBLE!!!


Are you ready for a shock…..

Banks giving ‘misleading’ details about bad debts and may have to set aside £35billion more, BoE warns

Britain’s banks could be ‘misleading’ investors by failing to account properly for bad loans, including where they have given borrowers leeway on their debts, the Bank of England has warned.

The Bank of England urged lenders to take action to bolster their balance sheets and reveal the full extent of losses on bad debts, as well as expected compensation bills, in particular for mis-sold payment protection insurance (PPI).

The UK’s four biggest banks – HSBC, Lloyds Banking Group, Barclays and Royal Bank of Scotland – could need to increase their capital reserves by as much as £35billion between them, according to the Bank.

Read more: http://www.dailymail.co.uk/money/news/article-2240389/Banks-giving-misleading-details-bad-debts-set-aside-35billion-BoE-warns.html#ixzz2DeKgJy6A
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Zynkin News- bbc news headlines and other news


Recent news…

Some more news about how negative the situation is worldwide with crisis, economic recession and negative impacts on people ,jobs, employment opportunities and business.

Our aim is to inform even though we are passing on this negativity:

Debt fears as buy-out firms opt for refinancing

Private equity firms are set to take billions of pounds out of UK companies in a refinancing glut that has raised fears of a new credit bubble.

 

Greece close to the edge..what now?

Greek premier, Antonis Samaras, has warned that his country could not manage beyond November without the next tranche of international aid and cautioned of the consequences of unemployment for democracy in Greece.

 

NOT BUSINESS BUT… HELP AND PROTECT CHILDREN…THIS BREAKS MY HEART

April Jones: Madeleine McCann expert drafted in to help

The forensic psychologist who advised detectives searching for Madeleine McCann has been drafted in to help investigate the April Jones abduction, it has emerged.

 

 

Why Germany must face up to its €1 trillion headache

 

http://www.telegraph.co.uk/finance/comment/jeremy-warner/9580151/Why-Germany-must-face-up-to-its-1-trillion-headache.html

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9588497/Morgan-Stanley-We-have-too-many-overpaid-bankers.html

Here is a great one….Surprised? shocked?

Morgan Stanley: ‘We have too many overpaid bankers’

Wall Street has too many bankers and they are paid too much given the challenges facing the industry, according to James Gorman, the chief executive of Morgan Stanley.

 

‘Let the big banks fail’ for a better economy, says financial mandarin 

Read more: http://www.dailymail.co.uk/money/news/article-2213220/Letting-big-banks-fail-holy-grail-says-BoE-FSA-official-Andrew-

Bailey.html#ixzz28PtcvhgW


 

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One of Britain’s leading financial watchdogs  has described allowing big banks to fail without receiving a bailout from taxpayers as the ‘holy grail’.

Andrew Bailey, a senior official at the Bank  of England and the Financial Services Authority, said it must be a top priority  for regulators when rules come into force next year.

Taxpayers are sitting on combined losses of  more than £30billion in Royal Bank of Scotland and Lloyds as share prices have  plunged since they were bailed out in 2008.


I’m clueless about my pension. How can I work out if I’ll be wealthy or living on the breadline in old age?

http://www.dailymail.co.uk/money/experts/article-2207793/How-I-pension-be.html

ONCE AGAIN WE HAVE EXAMPLES OF HOW BAD UNEMPLOYMENT IS

The cries of find me a job 

No career opportunities

No idea of where to find a job

All Zynkin can do is offer an opportunity to anyone and maybe for some this is an option http://www.zynkin.com

 

15,000 queue for 150 Madrid factory jobs

More than 15,000 people looking for work queued to apply for just 150 vacancies at the factory of agricultural machinery company John Deere on the outskirts of Madrid.

 

Wanted: one au pair. Result: 2,000 applications

When Rosie Murray-West advertised for a home help last month, nothing prepared her for the mountain of letters from desperate youngsters pleading for work – mainly from Spain. It didn’t take her long to discover why.

I’m under no illusion. It’s not the quality of our family home but the “pain in
Spain” that has meant that we are suddenly awash with applicants. More than 80
per cent of them are Iberian and of the rest, most are Italian, French or other
countries in the eurozone whose names are frequently suffixed with the words
“debt crisis”.

 

Confusing rumours

Spain does not need a bailout – Luis de Guindos

 

Spain’s economy minister Luis de Guindos has denied that his country needs a bailout.

His speech in London was interrupted by a group of protesters who waved placards saying “Spain for sale” – opposition to austerity cuts is high in the eurozone’s fourth-largest economy.

Rumours have circulated that Spain will ask for a bailout, as soon as this weekend.