Archive for February, 2009
HSBC to launch record $20bn share issue
(telegraph.co.uk) - HSBC is preparing to raise around $20bn (£13bn) from shareholders in a fundraising to be announced alongside its full-year results on Monday.
The share issue will strengthen the bank’s finances as it contends with the twin crises of a deterioration in its core Asian markets and escalating [...]
Eastern European banks given €24.5bn aid
(timesonline.co.uk) - A €24.5 billion (£21.8 billion) bailout of Eastern European banks was announced yesterday as efforts were stepped up to prevent the economic downturn causing a damaging East-West split on the Continent.
The funds will come from the European Bank of Reconstruction and Development (EBRD), the World Bank and the European Investment Bank (EIB).
The EBRD, [...]
Move to halve Goodwin’s £16m pension
(guardian.co.uk) - The government last night moved to claw back half of the £16m pension pot for the disgraced RBS chief executive, Sir Fred Goodwin, as it launched a wider review of the multi-million pound rewards earned by ousted executives of the bailed-out banks.
The move by ministers came as Goodwin was still refusing to relinquish [...]
IG Markets Offers Retail Clients the UK’s First Browser-Based Direct Market Access Trading Platform
. Total transparency for CFD traders
• Interact directly with the order books of equity exchanges worldwide
• Development to the award-winning PureDeal platform
• Direct response to client feedback
United Kingdom (PRWEB) 26 February, 2009 — One of the UK’s leading CFD providers*, IG Markets, is set to offer its clients the UK’s first browser-based Direct Market Access (DMA) platform. [...]
Leading HR Transformation Consultancy Launches Innovative New Online HR Learning and Development Resource
Orion Partners, the leading HR transformation consultancy, has launched an innovative new online resource to support already highly skilled HR professionals.
London, UK (PRWEB) Feb 25, 2009 - Orion Partners (www.orion-partners.com), the leading HR transformation consultancy, has launched an innovative new online resource to support already highly skilled HR professionals.
Aimed at the growing number of disparate [...]
New Mobitsu Service Offers Unique Opportunity to Make Money from Your Mobile Phone (Important Breakthrough for Unsigned Artistes and Bands)
This week sees the much anticipated launch of Mobitsu, a revolutionary new service-based platform which enables people to make money from their mobile phone by simply uploading user generated media.
Members of Mobitsu can earn up to £1 each and every time an item is downloaded or purchased.
Leeds, West Yorkshire (PRWEB) February 27, 2009 — Members [...]
Lloyds deal delay hits FTSE 100
(guardian.co.uk) - Just when it looked like things were calming down in the banking sector, with Royal Bank of Scotland yesterday agreeing a bail-out deal with the UK government, comes another unsettling moment.
Lloyds Banking Group has reported a £10.8bn full year loss - mainly due to HBOS of course. This was widely expected but it [...]
Breakthrough in battle over bank charges
(The Independent) - One million customers moved closer to getting refunds from their banks yesterday when judges ruled that charges of up to £38 for unauthorised overdrafts can be tested for fairness.
In a victory for The Independent’s campaign against bank charges, the Court of Appeal rejected the banks’ case that the fees were part of [...]
Trinity Mirror scraps final dividend after plunge in advertising
(guardian.co.uk) - Trinity Mirror axed its final dividend yesterday as the newspaper group warned that advertising revenues had fallen about 30% in the first two months of this year.
The group, which owns the Daily Mirror and more than 140 regional newspapers, also revealed it had made 1,200 people redundant since the start of last year [...]
Burgess Says Increased Lending Irresponsible Unless Free PPI Alongside Loans
Payment Protection Insurance specialist Sara-Ann Burgess is lambasting the Government for urging lenders to increase their level of mortgage funding. She calls Minsters actions irresponsible and inappropriate during these recession-hit times and says more lending will only encourage greater numbers of people to sink deeper into debt.
Braintree, Essex (PRWEB) February 26, 2009 — Payment [...]
