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Savers nest eggs in peril as they bet i¿½1.4bn on high interest bonds
Harwich :: United Kingdom | 20 hours ago
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However, if the company goes bust, its assets gets sold off quickly and cheaply to repay creditors who are due to the most. Given most investors are small in comparison, there often is not any money left from asset sale, to repay the small guy...
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The unsqueezed top: how bankers' pay has already returned to its peak
London :: United Kingdom | 21 hours ago
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One of the many myths busted by today's report from the Parliamentary Commission on Banking Standards is that bankers' pay has fallen significantly since the crash. In his testimony to the inquiry, George Osborne noted estimates that the total City
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Indian firm enters Nigeria's mobile money sector
Lagos :: Nigeria | 23 hours ago
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An Indian firm has entered into a partnership with a Nigerian company to introduce a platform meant to drive mobile money services in this oil rich African country. Chief executive officer of India-based Estel Technologies , Raj Hajela was quoted by
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IDA touts low tax bill in sales pitch
Dublin :: Ireland | 1 day ago
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The state investment agency is pitching this country's "generous" tax regime as it tries to attract overseas firms here, even after the fallout from the controversy surrounding Apple's use of this country to legally avoid paying billions of dollars
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Is Your Bank Better Than Congress?
Alexandria :: VA :: USA | 1 day ago
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Here's something bound to make our Founding Fathers roll over in their graves: Americans have more trust in banks than in Congress. That's according to a recent Gallup poll that showed 26% of poll respondents with a "great deal / quite a lot" of
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Alipay's spare money business stirs online investment
Shanghai :: China | 1 day ago
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E-commerce giant Alibaba Group, which runs Taobao.com, has established a new business offering customers higher investment yields than interest from banks. Five years ago, group board chairman Ma Yun said if Chinese banks do not change then they will
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Scott Wedel: Time to dissolve Yampa Valley Housing Authority
Steamboat Springs :: CO :: USA | 1 day ago
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I think affordable housing is an important issue that directly impacts local people's lives...If it had been able to receive financing in early 2008, then it would have been in the middle of a $32 million development project when the recession hit
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CCTV to shed light on missing hawker
George Town :: Cayman Islands | 1 day ago
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Jalan Macalister to help shed light on the mystery surrounding economy rice seller Lim Chin Aik who is believed to be buried in a crater there...The footage was obtained from a surveillance camera installed at a lamppost in front of Menara Umno where
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Jail reckless bankers, report urges
London :: United Kingdom | 1 day ago
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Why are there no banged-up bankers?" said Liberal Democrat peer Lord Oakeshott, who backed the committee's findings. "That's what most people want to know after the last five years of scandals and shame." RBS conundrum The report called for more to
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Bank teller pleads guilty in theft from customers
Hartford :: CT :: USA | 1 day ago
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Federal prosecutors said Michelle Laudato, 35, of Farmington pleaded guilty Tuesday in US district court in Hartford. Prosecutors said Laudato used her position at a Webster Bank branch in Bristol to steal more than $178,000 from the accounts of at
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