Cross border equity tie-ups between financial firms have enjoyed mixed success to put it mildly (think HSBC and Household Finance in the 2000s, or Deutsche Bank and Morgan Grenfell in the 1990s).
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Many want or need to rebuild the strength of their finances by spending less and, as today's Markit Household Finance Index shows, with wages stubbornly refusing to keep pace with inflation and benefit payments being constrained, most consumers feel poorer.
"An effective approach to reduce the inequality and to boost consumption is to shift government spending priorities away from massive infrastructure development -- roads, railroads and airports -- and toward social welfare investment, " said Professor Gan Li, director of the China Household Finance Survey.
Only 22% of families who have invested in stocks have made a profit overall, while 56% have lost money and 22% have broken even, according to a 2012 household-finance survey by the People's Bank of China.
There are many reasons why households might extract equity from their homes: to finance household expenditures, to make major home repairs or improvements (so-called residential investment), to consolidate more costly debt, such as credit card debt, to invest in personal businesses or other forms of entrepreneurship, to help finance the purchase of other real estate, or to engage in a form of investment arbitrage, or a mixture of the above.
General Electric Europe employs 84, 000 people across the continent and provides products for a number of different industries from aircraft engines to power generation, household appliances to consumer finance.
Remember the days when Mr. Brady could individually afford to finance the entire household.
The effort comes as HSBC faces revenue growth challenges in its various other businesses, particularly its U.S. consumer finance arm, Household International of Prospect Heights, Ill.
The increase in household debt (mostly mortgage finance) from 85% of disposable income in 1996 to an estimated 140% at the end of last year, has also been more dramatic than in America or Britain.
He was director of Finance and Property Services, HM Household, from 1990-96 and Keeper of the Privy Purse from 1996-2002.
As the state reversed course, taxing the countryside to finance urban development, growth in average household income and poverty eradication slowed while income differences and social tensions widened.
"If the equity in the house is sufficiently negative, there may be an incentive for the household to engage in a short sale, " says Anthony Sander, a finance professor at Arizona State University.
Developments in housing finance have rippled out to hit the construction industry and, less directly, to impact on household spending.
Family gifts that finance the living expenses of a college student who otherwise appears in the statistics as a low income household are also not counted, again exaggerating income inequality, or at least differences in standard of living.
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