United Kingdom of Great Britain & N. Ireland (Press Release) November 20, 2008 -- As is usual for the festive bumper season credit tightens because banks are eager to boost their tier one capital, a key measure of their financial strength, and so at this time of the year they are reluctant to lend or sell off assets. As a result of the credit crisis lenders and institutions are no longer eager to finance these loans or buy assets. Financial institutions have no appetite for risk, especially those that have already taken a hit and don´t need any more attention from ratings agencies. The outlook for January is that hopefully the banks will start lending again and the markets will be less volatile.
United Kingdom of Great Britain & N. Ireland (Press Release) November 20, 2008 -- As is usual for the festive bumper season credit tightens because banks are eager to boost their tier one capital, a key measure of their financial strength, and so at this time of the year they are reluctant to lend or sell off assets. As a result of the credit crisis lenders and institutions are no longer eager to finance these loans or buy assets. Financial institutions have no appetite for risk, especially those that have already taken a hit and don´t need any more attention from ratings agencies. The outlook for January is that hopefully the banks will start lending again and the markets will be less volatile.
