They were largely blamed for causing the credit squeeze
that brought banks such as Northern Rock to their knees.
Forget the credit squeeze
and go and enjoy a good British holiday, three cheers to Messrs Brown and Cameron for leading the way
MANAMA: The international information technology industry remains upbeat despite the recent credit squeeze
worldwide, reveals a survey.
The credit squeeze
appears to be tightening its grip with five per cent of workers opting to sell their holidays back to the company instead of taking the time out themselves.
The industrial market performed surprisingly well in the third quarter, defying the housing slump, the credit squeeze
and slower economic growth.
The move has led to a private credit squeeze
as banks cut back on loans to high-risk groups.
President Ahmed Mohammed Ali said that the global credit squeeze
and recession has made many countries turn to the Islamic Development Bank more than ever to seek help in their development projects.
The European Commission has authorised a Finnish scheme aimed at providing relief to companies encountering financing difficulties as a result of the credit squeeze
in the current economic crisis.
But Bupa said underlying profits rose by 9% to pounds 408.6m excluding the impact of the credit squeeze
. Revenue rose by 39% to pounds 5.87bn.
Paris-based French women's clothing store chain Morgan has become the latest High Street nameto fall victim of the credit squeeze
after calling in the administrators.
But the bold rate cuts of recent weeks and measures to support SMEs should help prevent a further credit squeeze
but the impact is unlikely to be immediate."
Firms were asked about the impact of the credit squeeze
and the slowing economy and around 80% reported this was having an effect on their business.