Things we're reading today include … BarCap to slash jobs in cost-cuts – Financial TimesHSBC to extend Saturday working and cut sick leave – The TelegraphFed sets the printing press rolling again to juice recovery – The IndependentBank 'to revise' growth forecast – BBCConfidence falters among consumers – The IndependentObamanomics 'not a roaring success' –…
During the past week, the US Magazine Global Post published an amazing series of articles about the insider truth of being a private banker with UBS in Switzerland. The five article series charts the operations of one Bradley Birkenfeld – a Boston-born, high-flying, cross-border banker – at Switzerland’s premier financial institution, UBS. In this role,…
Things we're reading today include … Companies LSE's Turquoise heading into profit – Financial TimesFSA starts investigation into Coutts over AIG-linked savings product – The TelegraphGoldman Sachs under investigation by US and UK watchdogs – The TelegraphFreddie Mac suffers $6bn quarterly loss – The TelegraphFreddie seeks $1.8bn from US Treasury – Financial Times Markets Corporate…
Things we're reading today include … Companies RBS half-year profits hit £1.1bn – BBCRBS rounds off good week for UK banks by returning to profit – The TelegraphKKR funds buy-out of RBS payment arm – Financial TimesFSA starts investigation into Coutts over AIG-linked savings product – The TelegraphFSA exodus adds to concern over City regulation…
Our biggest stories of the week are … Swiss bank implements major austerity measures Walking through the City yesterday, I stumbled across a real jamboree of people just by Liverpool Street. Really weird. Lots of stalls selling food and loads of people queuing for what seemed like hours to get some of it. What's going…
Things we're reading today include … Barclays results Barclays sees jump in profits – BBCBarclays half-year profits rise 44% to £3.9bn – The IndependentBarclays profits jump 44pc to £3.95bn – The TelegraphBarclays smashes City forecasts but warns we're 'still in the tunnel' – The TelegraphInvestment bank boosts Barclays – BBCBarclays' investment bank is running the…
Things we're reading today include … Companies Lloyds returns to the black with £1.6bn profit – The TelegraphLloyds hails 'milestone' in return to profit – The IndependentLloyds chief says 'we can't force customers to take loans' as bank returns to profit – The TelegraphLloyds insists it is working hard to help businesses – The IndependentStandard…
Things we're reading today include … Northern Rock Nationalised Northern Rock posts £140m loss – The IndependentNorthern Rock's 'bad bank' makes a profit – The Telegraph'Good bank' bad, 'bad bank' good at Rock – The IndependentNorthern Rock hit by exodus of depositors – The TelegraphNorthern Rock plans to resume credit cards and loans – The…
Things we're reading today include … Companies HSBC sees profits double to $11bn – BBCHSBC more than doubles profits to £7bn – The IndependentHSBC sets the 'safe bank' benchmark – The TelegraphRetail banking lifts BNP Paribas – BBCBNP Paribas makes first asset write back since 2007 – The TelegraphUBS agrees deal to build London's largest…
Things we're reading today include … Banking Boom Britain's banks bounce back – The IndependentUK banks return to profit but face high future funding costs – The TelegraphBooming UK banks braced for bonus row – The IndependentBailed-out bank chiefs on course for multi-million pound bonuses – The TelegraphGeorge Osborne warns banks to lend to businesses…
