Category archives for: Loans & Insurance

Britain in double recession whammy,… intensifying more government woes

British Economy

The British economy has fallen into its second recession since the financial crisis after a shock contraction at the start of 2012

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£50Billion pumped into British economy to boost business and investment

Brit flag

The Bank of England’s Monetary Policy Committee on Thursday announced plans to inject a further £50bn into the ailing British economy over the next three months. Explaining its decision to increase the size of the asset purchase programme from £275bn to £325bn, the MPC conceded that business surveys since the turn of the year have [...]

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UBS trade Loss: Bank Chief Executive quits

UBS

The new interim boss of UBS faced a daunting task on Sunday as he tries to get the Swiss bank back on its feet after Oswald Gruebel quit as chief executive over the $2.3 billion loss it ran up in alleged rogue trading. Sergio Ermotti said on Saturday the scandal had revealed a risk exposure [...]

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Halifax: New strategy to lure customers as bank launched Premium Bond

Halifax Bank

Halifax is hoping to create a buzz in the savings world with the launch of a new Premium Bond-style monthly prize draw for savers with £5,000 or more in their accounts. Every month, the Halifax Savers Prize Draw will give away three lots of £100,000, a hundred £1,000 prizes, and a thousand £100 payout. All prizes paid by [...]

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Halifax £100 booty for new savings account customers

Pounds booty package

Britain’s biggest savings bank is gambling on a new tactic to attract customers – a monthly £500,000 prize draw.

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UBS Forex trade $2Billion loss: Kweku Adoboli faces two-counts charges in Court

Kweku Adobolu

Kweku Adoboli, the trader arrested Sept. 15 after UBS AG said it discovered unauthorized trades that caused a $2 billion loss, was charged with fraud and two counts of false accounting dating back to 2008.

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Ghanaian born FOREX trader linked to $2billion illegal trade deal loss by top Bank

UBS 1

A Bank employee of UBS bank has been arrested in London in a dramatic pre-dawn swoop today on suspicion of losing a major investment bank £1. 3bn.

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Adoboli was a responsible trader, says colleagues and neighbours

Foreign Exchange

The UBS trader arrested in connection with an estimated $2bn loss due to unauthorised trading at the Swiss group’s investment bank had been struggling to cope with the recent stock market volatility. According to entries on Facebook, Kweku Adoboli, a 31-year-old computer science graduate described as an “up and coming” trader by colleagues, had been following the recent market [...]

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Team Jonathan: The nation’s touch bearers and the challenges ahead

Goodluck Jonathan

Nigeria is currently facing a lot of challenges. This explains the present anxiety among citizens about the performance direction of the present administration.

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U.S. Stock Futures Fall on S&P Downgrade as tremor hits world market

America Flag

U.S. stock futures declined, following the biggest weekly drop in the Standard & Poor’s 500 Index since 2008, amid concern that a downgrade of the nation’s credit rating by S&P may worsen an economic slowdown.

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