News links for 25 February 2013
BBC News - Mortgage market hit by January's cold weather, BBA says
"Poor weather in January curtailed mortgage approvals while borrowers continued to play safe on loans and overdrafts, the major banks have said.
There were 32,288 mortgages approved for house purchases during the month, down on December and 14% lower than January 2012.
The British Bankers' Association (BBA) also said that loan and overdraft repayments outstripped new borrowing."
BBC News - Sterling steadies after Moody's downgrades UK's AAA rating
"During early trading on Monday, sterling dropped as low as $1.5069 against the dollar, before recovering to $1.514. Against the euro, the pound hovered around 16-month lows with the pound worth 1.148 euros"
Samsung to launch flagship Galaxy ...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.