Is the Financial Services Authority cracking under the strain?
With the Conservative party who have pledged to abolish the FSA if they win the election and the amount of criticism they have taken for its failure to rein in banks The FSA are in danger of becoming Lame Ducks.
Sen. Chuck Grassley: AIG has taxpayers over a barrel
Sen. Chuck Grassley, a member of the Committee on Finance, has said, “AIG (NYSE:AIG) has taxpayers over a barrel,” and he also believes that the Obama administration has been out maneuvered.
Bank of England believe Inflation will jump to 3% then fall again
The Bank of England Governor Mervyn King said in his latest quarterly inflation report on Wednesday that inflation will likely jump to more than 3% in January due to temporary factors, however will fall back below the 2% target.
Share investments rise as customers want better return
According to the Investment Management Association (IMA).The public are taking out their cash from banks and investing it into investment funds, for a better return on their money.
Fraud cost UK economy £30 billion: Financial services biggest loser
Fraud costs the Government, businesses and consumers £30 billion a year and according to the National Fraud Authority (NFA) financial services lose more to fraud each year than any other private sector industry in the UK.