Bags from expensive designer clothing stores appear randomly around your home and you get the sinking sensation your wife often tells white lies about her whereabouts.
There are strange calls to the house which she responds to awkwardly and quickly dismisses. Is it an affair? Something is wrong but you don't quite know how […]
The vast majority of firms say they have insufficient assets to meet their pension promises, with only 9% of companies still having a surplus.
The figures from the Pension Protection Fund, the body created to bail-out bankrupt pension schemes, revealed a ‘black hole’ of £219bn facing almost 7,800 final salary schemes.
This is up from £191bn […]
Spencer Winfield at stockbroker Charles Stanley replies: Warren Buffett, arguably the most famous US fund manager, once said that to be a good investor ‘one should be fearful when all around you are greedy and greedy when all around are fearful’.
It is presumably with this sentiment in mind that some investors started […]
Due to the recent recession, the whole economy has been jeopardized and lenders are under extreme pressure by the Federal regulators, as well as their investors to turn their bad loans (non-performing assets) to good loans (performing assets).
The process of a foreclosure in the present economy is not an easy job. One hundred percent financing […]
With the economy battered by the banking crisis, the Government announced in last year’s Pre-Budget Report that it would cut VAT from 17.5% to 15% in a bid to encourage spending. It came into effect on 1 December 2008 and lasts for 13 months, until 1 January 2009.
The move was predicted to save […]
While banking chiefs have come under the spotlight for the huge sums they are paid, the plight of rank and file bank staff who have lost much if not all of their savings, thanks to the spectacular collapse of the industry, has largely been overlooked.
Many banks encouraged their employees to buy […]
Chairman Sir Victor Blank and chief executive Eric Daniels held urgent meetings with the bank’s top investors, trying to persuade them they had no choice but to let the Government take majority control in return for insuring £260bn of toxic assets.
Lloyds shares crashed 6%, falling 3.3p to 38.7p. When the Government bought its initial […]
The deal was intended to save HBOS from collapse but instead the once successful Lloyds has been dragged down with its former rival.
Over the weekend Lloyds was effectively nationalised after the Government agreed to take a stake of up to 77% in return for a £260bn bailout.
Meanwhile, the portfolios of more than […]
HSBC has launched a pioneering ethical investment Isa which offers Brits the opportunity to make money and at the same time help vaccinate children and save lives in the poorest countries of the world.
The bank is looking to raise at least £50m through its Vaccine Investment Plan and Vaccine Investment Isa. […]
The society, which has 35 branches, also reined in lending dramatically last year as it decided to keep out of a rapidly deteriorating housing market. That saw net new lending almost halve from £1.35bn to £723m.
At the same time the amount it wrote down against likely bad loans among its customers jumped dramatically from […]
© 2008 Daily Financial News