All Entries in the "Business News" Category
JP Morgan and UK stockbroker Cazenove
JP Morgan the US investment bank is planning to purchase the other half of UK stockbroker Cazenove that it does not already own.
Lloyds Banking Group and HBOS Ruling: Big Tax Bill
Lloyds Banking Group (LON: LLOY), has failed in its latest attempt to avoid a £54m tax bill. Back in April, Britain’s first-tier tax tribunal allowed the bank to keep the proceeds of its highly artificial transactions.
Citigroup sells controlling stake in Bellsystem24
Private equity firm Bain Capital Partners are buying a controlling stake in Japan’s leading call center operator, Bellsystem24, from Citigroup Inc. (NYSE:C) according to Citigroup in a deal that values the operation at $1.1 billion.
New EU banking reform could end up in a muddle
The Commons Treasury Committee has said it will welcome moves for better international regulation, but has concerns about the proposals. The European regulations of the financial system are being rushed through and could end up as a muddle, a committee of MPs has warned.
Financial awareness given to consumers free by Banks
Customers will be given free lessons pay by the banks in financial awareness, the plans are set to be in the Queens speech. A new levy imposed on the banking industry will fund the agency.
Advice on IVA over savings could stop financial disaster
An individual voluntary arrangement (IVA) could alleviate forthcoming financial disasters, by setting up an affordable monthly repayment on unsecured debts, such as credit card bills when compared with dipping into savings.
Mervyn King believes UK only just started to recover
Governor Mervyn King from the Bank of England has said he has an open mind on whether to inject more money into the economy, as the UK has only just started along the road to recovery.
House prices jumped higher over last 3 months
House prices are rising at the strongest level since December 2006, according to the latest Rics report, despite more homes coming on to the market.
5,000 jobs to be cut at Lloyds banking group
Lloyds Banking Group (LON:LLOY) has announced plans to axe 5,000 jobs by the end of next year, as the state-backed bank cuts costs further during the downturn.
Fannie Mae Unsure on Tax Credits Sale
Fannie Mae (NYSE:FNM) is deciding whether it can proceed with a sale of tax credits after the Treasury said on Friday it would block the sale of those investments to Goldman Sachs Group (GS.N).
Prudential shares climb thanks to Axa, Allianz and ING
The biggest rise in the FTSE 100 at the moment is the insurer the Prudential, thanks to Axa and Allianz, and a price target upgrade from analysts at ING.
Credit Cards: New Fine Print Explained
Now is the time to check and double check your mail in the US. Now that the credit card industry is required to warn you about any changes they’re planning, do not think it is just junk mail it could be very important to you.
Lloyds to match rivals for business start-ups
Good news has come from Lloyds Banking Group ( LON:LLOY) are promising to help 300,000 new businesses get off the ground in the next three years and they say they will match rivals on charges and fees.
Barclays and HSBC to anger public of bonuses
It seems now that Barclays (LON:BARC) and HSBC (LON:HSBA) will cause more trouble over banker’s pay tomorrow when they are likely to report strong third quarter results and bumper bonuses to match.
Euro Gains Against Yen and Dollar: Economy is Recovering
A sign the economy is recovering, was boosted by the euro which gained against the yen and the dollar boosting demand for higher-yielding assets. The dollar fell against 14 of its 16 major counterparts.