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Libor continues to fall in 2009

Libor rates continued to fall over the Christmas period and into the New Year.

Three-month Libor fell below 3 per cent on December 19, and continued to fall rapidly to 2.7 per cent today.

The all-important rate is only 0.7 per cent above base rate, but may fall behind once again if the Monetary Policy Committee choose to drop base rate once again on Thursday.


Turning up the heat on boiler rooms

Bogus investment operations have been grabbing the headlines, with the news last month that unsuspecting investors may have lost $50bn in Bernard Madoff’s Ponzi scheme.

The RDR Factor

So, after extensive auditions supplemented by an elongated boot camp, where the FSA judges decided what would be in the finals, the IFA audience have voted off the worst-performing sections, leaving us with the remaining contestants for the grand final of the RDR Factor.

Pledge plan for loans

The mortgage industry has welcomed reports that the Government may create a mortgage guarantee scheme.


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