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.
President Obama’s proposals cause Banks shares to fall
Shares have dropped in major British banks after Barack Obama’s proposals decision to end Wall Street’s risky trading practices. Obama wants banks to stop betting on markets with own money and to ensure no bank becomes too large.