England House Prices Stagnate in September

Asking prices for houses in England and Wales flatlined in September for the first time in 19 months, according to a survey on Friday that showed a small fall in prices in London.

Property data company Hometrack said house prices stagnated in September for the first time since January 2013, after rising 0.1 percent in each of the previous two months. London was the only region in which house prices fell – by 0.1 percent – with fewer than 1 percent of London postcode districts reporting higher prices.

The survey is the latest sign that Britain’s housing market has cooled after strong house price growth in the first half of this year, hit in part by tougher checks on mortgage applicants and more sellers putting their properties on the market. “While this slowdown can be attributed partly to seasonal factors – including a slight hangover from a slow August – it’s clear that agents are wary about the direction of the market as a result of weaker demand and lower sales volumes,” said Richard Donnell, Hometrack’s director of research.

Reuters

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"QE's Are… Cake" – The Full Walkthru How Bond Traders Manipulate …

It has gotten to the point where even we are amused how every “conspiracy theory” we suggest becomes proven fact in the span of a few years, usually involving criminality on behalf of at least one (usually more) perpetrator.In today’s most recent instance of “conspiracy theory” becomes “non-conspiracy” fact, we have the not so curious case of one Mark Stevenson, a former bond trader at Credit Suisse Group, who was fined 662,700 pounds ($1.1 million) and banned from working in the finance industry for “deliberately” manipulating a U.K. government bond price. Specifically, what Stevenson did, was to take advantage of the BOE’s POMO auctions in 2011 to sell some 1.2 billion-pounds of existing gilt holdings which he had accumulated previously with the express intention of selling …

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In today's most recent instance of "conspiracy theory" becomes "non-conspiracy" fact, we have the not so curious case of one Mark Stevenson, a former bond trader at Credit Suisse Group, who was fined 662,700 pounds ($1.1 …

For more info: "QE's Are… Cake" – The Full Walkthru How Bond Traders Manipulate …

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"QE's Are… Cake" – The Full Walkthru How Bond Traders Manipulate …

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New York Official Demands Documents in Investigation of Foreign …

New York Official Demands Documents in Investigation of Foreign Exchange Market RiggingFebruary 10, 2014 • 11:15AMBen Lawsky, superintendent of New York’s Department of Financial Services, has demanded documents from more than a dozen banks, including Deutsche Bank, Goldman Sachs, Lloyds, Royal Bank of Scotalnd, and Standard Chartered, the Feb. 5 Financial Times reported, as part of an international investigation of the rigging of the $5.3 trillion global foreign exchange market, a market bigger than the LIBOR market.Martin Wheatly, chief executive of the UK’s Financial Conduct Authority, told a recent parliamentary hearing that allegations that banks had colluded to rig prices in the foreign exchange market were “every bit as bad as they have been with LIBOR.” The very same banks that rigged LIBOR as well as the derivative …

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5 Financial Times reported, as part of an international investigation of the rigging of the $5.3 trillion global foreign exchange market, a market bigger than the LIBOR market. Martin Wheatly, chief executive of the UK's Financial …

For more info: New York Official Demands Documents in Investigation of Foreign …

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New York Official Demands Documents in Investigation of Foreign …

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