The US Federal Reserve Bank dropped its core lending rate by 0.75% yesterday, from 4.25% to 3.5%. There is even talk of a further 0.5% reduction. What does this mean to you? Let’s take a look at historic interest rates…
Month: January 2008
אושרה ייצוגית בסך 7 מיליארד שקל נגד שלושת הבנקים הגדולים בגין תיאום ריביות ועמלות
Wow! Just yesterday I was telling you about how Igud is being sued. Now they’re going after the “big three” as the article in The Marker refers to Leumi, Poalim and Discount. One of the complaints is that the banks…
תביעה: אגוד גבה עמלות יתר על פירעון מוקדם של הלוואה
אגוד גבה עמלות יתר על פירעון מוקדם של הלוואות Does Igud (Union Bank) owe you money? If you refinanced or paid off a mortgage from there, they probably do. Take a look at this article in Ynet. With our clients…
Housing market (UK) closest to slump for 15 years
This just in from the world’s leading anti-Zionist quality daily: Housing market (UK) closest to slump for 15 years Real estate prices fell in the US. They are now falling in the UK. In Israel, we saw a big slump…
US inflation rate at 17 year high
האינפלציה בארה”ב בשיא של 17 שנים – 4.1% – Inflation in the US is the highest it’s been for 17 years. In Israel inflation was reported at 0.6% for the month of December and 3.4% for the year 2007. We…
0.5% inflation seen for December
0.5% inflation seen for December Key quote from Globes: ” Despite the high expected December CPI, the Bank of Israel is expected to keep the interest rate for February unchanged at 4.25%. Governor of the Bank of Israel Prof. Stanley…
תחרות הבנקים על משקי הבית עולה מדרגה: הפועלים
תחרות הבנקים על משקי הבית עולה מדרגה: הפועלים Those of us who are in banks daily know that Poalim has been very quietly waiting. While other banks have been busy battling each other for new customers, Poalim has concentrated on…
UBS gives a "buy" rating to the Israeli Banks?????
ב-UBS מתלהבים ממגזר הבנקאות בישראל: מעניקים המלצת קניה Not long ago, I postulated that Israeli banks were exaggerating their exposure to the “sub-prime” crisis that is wreaking havoc in the US credit market. My reasoning was that they were using…