Finance & Mortgage

George Osborne Authorizes Bank of England to Control Britain’s Hot Property Market

George Osborne, the British finance minister, gave the Bank of England full authority to introduce new measures directed towards cooling Britain's overheated real estate market. Officials believe that if prices continue to soar at the current rate, the economy could crumble down like a house of cards.

Google and Amazon would make great mortgage bankers: Study

A new study conducted by Accenture, a leading global consultancy firm, found that tech giants like Google, Facebook, Apple and Amazon would make great profits out of a banking business, if they entered the commercial finance sector.

China’s property market crash could trigger a global economic meltdown

As several reports on China's dwindling property market crowd the web, the condition has sparked concerns that the downturn in the second-largest economy of the world could have a domino effect on the global economy, resulting in another great crash.