No time should be wasted asking them to reform – just do it
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Tuesday 23 September 2008
Japanese Securities house Nomura is poised to take over the European arm of Lehman Brothers, securing at least 1,000 jobs, after administrator Pricewaterhouse-Coopers said it had narrowed the bid battlefield to a single frontrunner.
Monday 22 September 2008
The administrator to the European business of bankrupt US investment bank Lehman Brothers, PriceWaterhouseCoopers, was last night locked in negotiations with two rival bidders over the sale of parts of the business.
Saturday 20 September 2008
Luke Murdoch is a 20-year-old technical process manager who has been working at Barclays bank for two years. Despite his dedicated approach towards saving, Luke faces the difficulties of many other first-time buyers eager to get on to the property ladder.
Sunday 14 September 2008
Three of Wall Street's best-known institutions were huddled behind locked doors this weekend in frantic talks with US authorities and bankers to either sell their businesses or put together rescue packages.
Saturday 13 September 2008
Q In May, I opened an account with Lloyds TSB. I am still waiting for the debit card, in spite of more than 30 phone calls and three formal complaints. Without a debit card I have to withdraw cash from my bank in Spain, which charges me for each withdrawal. After my first complaint, Lloyds TSB offered me £25 compensation, which will not even cover the cost of my calls, let alone the transactions from my Spanish bank. My second complaint led to Lloyds TSB withdrawing the compensation offer, rejecting my complaint and saying that the debit card had been waiting for me since 1 July at the Camden branch. When I went there – losing income – I was told it had never been there. Now, Lloyds says the debit card is waiting for me at the Hampstead branch. I can't accept this service any longer. TA, London.
Wednesday 20 August 2008
It's not difficult to understand why price comparison sites are so popular. Why spend hours on the phone talking to hideous call centres in the vain hope of saving a few quid on your car insurance when you can answer a few questions online and have a computer do all the work for you?
Wednesday 06 August 2008
Barclays Bank is to further improve its capital funding through the sale of its life assurance business to Swiss Re, the Swiss reinsurance group.
Sunday 03 August 2008
Thursday 24 July 2008
The price comparison company Moneysupermarket.com, which has lost more than half its value since floating on the stock market last year, said yesterday it has rejected a preliminary bid approach.
Wednesday 09 July 2008
The shock closure of Barclays Bank's Firstplus secured loans business yesterday forced Moneysupermarket.com, the price comparison site, to rush out an immediate profits warning.
Sunday 29 June 2008
Sunday 29 June 2008
Sunday 15 June 2008
Standard Chartered bank is under fire for allegedly breaching EU sanctions on Zimbabwe. The Foreign Office admitted it is investigating one case of a possible breach of the sanctions.
Thursday 29 May 2008
Barclays Bank has revised down its calculation of analysts' consensus for its full-year profit for the second time this month – cutting the figure for 2008 by nearly 8 per cent after a drop of 15 per cent two weeks ago.
Friday 23 May 2008
Confidence in the UK's fragile economy suffered a double blow yesterday with new data showing falling retail sales and increasing inflation in the manufacturing sector.
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