If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Depositors and banks will now believe that the government will always come to their rescue in the event of a bank failure says the OECD. The OECD's financial affairs division says the offer of unlimited guarantees has eroded the market discipline on banks and will force the Government to impose more interventionist regulation.The big risk with the deposit guarantee is that banks will not be punished by depositors for undertaking risky lending behaviour. 'Government guarantees can be withdrawn once times get better, that is once the crisis abates. However, once a government ventures down this road, there may be a general perception that a government guarantee will always be made available during a crisis situation.'In the event of widespread bank failures, financial markets would make it very difficult for countries to raise the funds needed to make good their guarantees said the OECD.
