London Careers Banking News
Total 264 stories found
THE RESERVE Bank is expected to leave its official cash rate (OCR) unchanged this week, but resurgent oil and food prices mean it is likely to be s... THE RESERVE Bank is expected to leave its official cash rate (OCR) unchanged this week, but resurgent oil and food prices mean it is likely to be sensitive to inflation expectations. Market economists agree the chance of a change in the rate, which sits at 8.25 per cent, coming from Thursday's... |
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The financial crisis is moving into its final phase The financial crisis, which has been running since last summer, and whose most notable incident thus far has been the failure of Northern Rock, is entering its most dangerous phase. On Thursday, there collapsed a £5bn hedge fund, Peloton, based in London. There is a sequence to these episodes.... |
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As always, there are no free lunches in finance DAVID KUO, from comparison website Motley Fool, on the strings attached to 0 per cent credit card... |
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Head of Dubai World threatens to take his money out of Europe The boss of Dubai World, the powerful sovereign wealth fund, has issued a thinly veiled warning to critics of the $2.5trn (£1.25trn) sector, threatening to take his money elsewhere if the European Union tried to regulate his activities. Sultan Ahmed bin Sulayem, Dubai World's chairman, told the... |
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BANKING No more waiting: electronic cash transfers hit the fast track Cash transfers over the phone or online are to become faster, Apacs, the UK payments association, has said. From 27 May it should take only one day, instead of the current three, for money to be moved electronically - including by standing order - from one account to another. A new system has been... |
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Don't ever bank on an A&L takeover One thing I've managed to learn in the few years I've been dabbling in the stock market is to ignore bid rumours about Alliance & Leicester. A couple of years ago, there were apparently reliable reports that Credit Agricole was going to take A&L out for anything up to £15 a share. I bought in at... |
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BANKING MP demands inquiry after Egg shows card customers the door Egg may be investigated by the Office of Fair Trading (OFT) over its decision last month to terminate the contracts of 161,000 credit card customers. Labour MP Nigel Griffiths, a former consumer affairs minister, has written to the OFT asking it to step in. He says he has received complaints from... |
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New chief did not take any banking exams Ron Sandler, the man chosen by the Government to run Northern Rock, does not have any formal banking qualifications. The ifs School of Finance, formerly the Chartered Institute of Bankers, said Mr Sandler had not sat for a specific banking qualification. He holds a fellowship of the ifs, which he... |
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Finance director quits as Mitchells is hit for £274m The finance director of Mitchells & Butlers, the owner of the All Bar One and Harvester chains, fell on his sword yesterday after the company revealed it has been hit to the tune of £274m following a failed property deal. The chief executive, Tim Clarke, offered his resignation, alongside that of... |
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How the financial turmoil affects you Katie Garnett, 22 Katie was told pensions are not as secure now. "I have a pension but should I change it? And is it a good idea to get a mortgage?" Claire Stephenson, 33 Claire is looking for opportunities that bumpy markets may throw up. "I'm interested in what cheap investment options could be... |
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