Britain's Chancellor of the Exchequer George Osborne speaks to reporters at thye close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury

BoE governor King warns of risks in UK mortgage scheme

LONDON (Reuters) - A flagship British government scheme to boost mortgage lending must not become permanent like in the United States, outgoing Bank Governor Mervyn King said on Saturday. King's warning follows criticism that the plan will encourage the kind of risky lending that precipitated the 2008 financial crisis. "We do not want what the United States have, which is a government-guaranteed m…

Market Data

  • Currencies
    NamePriceChange% Chg
    1.2572-0.00-0.05%
    USDSGD=X
    1.6134-0.00-0.10%
    EURSGD=X
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    GBPSGD=X
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    4.8886-0.03-0.62%
    SGDCNY=X
    1.2233-0.00-0.05%
    AUDSGD=X
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    1,358.30-28.60-2.06%
    GCM13.CMX
    22.18-0.53-2.32%
    SIU13.CMX
    97.49-3.30-3.28%
    ^XAU
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    HGN13.CMX
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    CLM13.NYM
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    TreasuryYield (%)Yield Change
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    ^TNX
    3.160.08
    ^TYX
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    0.196-0.00-0.51%
    I26.SI
    0.191-0.44-69.68%
    M41.SI
    0.1080.00+2.86%
    D4N.SI
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    G5X.SI
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    O9D.SI
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    5OS.SI
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    0.191-0.44-69.68%
    M41.SI
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    0.117-0.01-10.00%
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