Tag Archive: short term
Leap in rates for short-term fixed-rate bonds
Some relief for savers, as Moneyfacts.co.uk reports that rates on short-term fixed-rate bonds have hit their highest level in over a year. Having fallen to an all-time low of 2.52% in August, the average rate on a one-year bond has … Read more
Bank levy in place at 0.05%
HM Treasury has issued a reminder that the permanent levy on banks’ balance sheets came into force on 1st January 2011. The new tax reflects the Government’s belief that banks should make a “full and fair” contribution regarding the potential … Read more
IMF: UK banks’ refinancing needs a threat to liquidity ratios
In its “United Kingdom: Selected Issues Paper” published yesterday, the International Monetary Fund (IMF) acknowledges that UK banks performed above average in the recent CEBS stress tests of European banks. However, the paper warns that strengthening liquidity ratios could prove … Read more