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U.K. banks rein in risks of bad debt: lenders get tighter with credit, tougher in consumer collection
- Source :
- Wall Street Journal. Europe. July 9, 2007, C1
- Publication Year :
- 2007
-
Abstract
- UK banks are tightening restrictions on consumer credit and increasing collection efforts in an effort to curb bad debt levels. The Bank of England upped its official rate from 5.5% to 5.75%, which could make it more difficult for consumers to borrow.
- Subjects :
- United Kingdom. Bank of England -- Services
United Kingdom. Bank of England -- Standards
Banking industry -- Management
Banking industry -- Finance
Consumer credit -- Services
Consumer credit -- Management
Interest rates -- Economic aspects
Banking industry
Company business management
Company financing
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.166179978