Finance Markets (Free subscription) | 3 hours ago
One in ten savers have had interest rates cut on their accounts in the past six months despite the Bank of England’s base rate being held, according to new research. A study by Moneyfacts found 10% of variable savings accounts are paying lower rates than they were in May. Only 3.5% of variable rate accounts have seen [...]
Reuters UK (Free subscription) | 1 hour ago
ST ANDREWS, Scotland (Reuters) - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.
BBC News (Free subscription) | 2 hours ago
Banks will have to change the way they deal with customers who say their cards have been fraudulently used with the correct pin.
Times Online (Free subscription) | 4 hours ago
Gordon Brown has raised the possibility of a new global tax on banks as a repayment for the billions of pounds of taxpayers money they have received.
Capitalists@Work (Free subscription) | 9 hours ago
The situation with Rangers Football Club and Lloyds Banking Group has been widely reported . Looking in from the outside there seems to be a good situation if you are a banker. Rangers owe money, they have plenty of saleable assets and a valuable brand. Step in and make some noise, a new buyer will appear and the loans are paid back. Banks in the boom lent an awful lot of money to football clubs. Lloyds...
Connecting the Dots in the New World Order (Free subscription) | 8 hours ago
Twenty-five top recipients of government bailout funds spent more than $71 million on lobbying in the year since they were rescued, an extensive review of federal lobbying records by the Huffington Post reveals. A year after taxpayers forked over $700 billion to help rescue the biggest names in banking, insurance and the automotive industry, those same institutions are using portions of the cash to...
The Irish Times (Free subscription) | 15 hours ago
BRITISH AIRWAYS has signalled business is stabilising, eclipsing news of a worse than expected first-half loss and a prediction that revenue will slump by £1 billion (€1.12 billion) this year.
Scotsman.com (Free subscription) | 16 hours ago
THE unemployment rate in the United States has hit double digits for the first time since 1983 – and is likely to go higher.
Financial Times (Free subscription) | 14 hours ago
A US court handed down the first prison sentence to a US former client of UBS yesterday in a ruling that will unsettle the Swiss banking group's former offshore...
Calculated Risk (Free subscription) | 2 hours ago
From The Telegraph: Bank of England says financiers are fuelling an economic 'doom loop' On the eve of the G20 meeting of finance ministers in Scotland, Andy Haldane, the Bank's executive director for financial stability warned that the relationship between the state and banks represents a "doom loop" which will keep inflicting crises on the public unless arrested. The warning, which follows...
Auto Channel (Free subscription) | 2 hours ago
DETROIT, Nov 6, 2009; Kevin Krolicki writing for Reuters reported that Chrysler has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid.
Auto Channel (Free subscription) | 2 hours ago
Auto Channel (Free subscription) | 2 hours ago
* * THE FLYING DUTCHMAN EXTENDS RACE SEASON WILL COMPETE NEXT WEEK IN LUCAS OIL OFF-ROAD RACING SERIES Las Vegas, NV (November 5, 2009) - After a successful season competing in the Traxxas TORC Series presented by AMSOIL, Dan Vanden Heuvel brought his #77 Flying Dutchman Maxxis Tire Chevy race truck to the SEMA (Specialty Equipment Marketing Association) Show as one of the centerpieces...
The Daily Record (Free subscription) | 16 hours ago
BRITISH AIRWAYS are axing another 1200 workers after they announced record losses yesterday.
Financial Times (Free subscription) | 14 hours ago
Carl-Peter Forster, the head of General Motors' Europe operations, is stepping down just days after the US carmaker decided to hold on to its Opel/Vauxhall operations...
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changlijie42 | 24/10/2009
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This reminds me of This reminds me of <a href="http://www.mmoscope.com/forum/msg00032.html">Rob V. J. Struth - Re: Where do you buy your gold?</a>
traimi | 29/09/2009
The hurdles are not over for the planned takeover of Magna International and Sberbank of General Motor’s Opel /Vauxhall segment. Sberbank, Russia’s biggest lender, is looking for a domestic carmaker to be its industrial partner.
traimi | 24/09/2009
In another case of a supplier transforming into a threat is Magna International’s takeover of Opel with Russian partner Sberbank . Volkswagen said that it will withdraw business from Magna if the takeover pushes through.
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