The Co-operative Bank has admitted for the first time it is losing customers after a series of scandals including alleged drug-taking by former chairman Paul Flowers.
Bonds And Funds
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Friday 12 July 2013
US Federal Reserve Chairman Ben Bernanke has introduced the term ‘taper’ to the lexicon of central banking. European Central Bank President Mario Draghi’s stated strategy is “whatever it takes”. Economic Commissioner Olli Rehn recently clarified that European policies were directed at ‘diluting’ not ‘breaking’ the link between banks and sovereigns.
Wednesday 10 July 2013
Outlook The Co-op Bank's retail bondholders are the big losers in its forced recapitalisation. They're not going to take it lying down. Before anyone underestimates their ability to create problems for the Bank of England's Prudential Regulatory Authority (which they took aim at yesterday) and even the Government, then consider the example of another mutual in the form of Equitable Life.
Friday 05 July 2013
Wednesday 26 June 2013
Outgoing Governor says world economy still far too weak to allow interest rate rises
Friday 21 June 2013
Global sell-off on Fed move wipes out the last of the gains made by London's benchmark FTSE 100 this year
Friday 14 June 2013
At the time of writing, the UK stock market, as measured by the FTSE All Share Index, has fallen around 7 per cent from the high it reached just a few weeks ago.
Tuesday 11 June 2013
The embattled pub group Punch Taverns has proposed a radical restructuring of its £2bn-plus debt mountain, and posted improved trading.
Friday 31 May 2013
The US economy did not expand as fast as initially thought in the first three months of the year, a new report showed yesterday, as Washington-mandated belt-tightening hit government spending.
Tuesday 28 May 2013
Saturday 25 May 2013
Forecasters have called the top of the bond market on numerous occasions over the past two years, but gilts have resolutely not behaved in the way in which many bond fund managers expected. Today, 10-year gilts are yielding 1.9 per cent. Yields may have touched a low of 1.4 per cent last summer, but in reality they have settled in a tight trading range.
Friday 10 May 2013
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
You can STILL be jailed for being a republican, government confirms, and it remains illegal to even 'imagine' overthrowing the Queen
Tom Daley ‘is gay because his father died’ says UK evangelist
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
Fighting back: the woman giving a voice (and 49,999 others) to the victims of sexism - by giving an airing to their horror stories
PM denies two child limit for benefits is part of Tory welfare policy
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Christmas comes early: Justin Bieber is 'retiring from music'
- 4 Iain Duncan Smith leaves Commons food banks debate early
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile