Economic slowdown, persisting problems in the banking sector, reducing bonuses and the falling profits rates of the business concerns have posed severe concerns regarding the future of the UK financial sector. The experts have been estimated huge cuts in jobs following the volatile nature of the market. According to CEBR, centre for economic business research, […]
Popularity: 100%
As per recent surveys it was found that more than half of the adult youngsters are living off their parent’s savings. About 55 per cent of parents had polled that they had shelled out approximately £12,610 to their children or grand children. This was obtained from a survey done by the Scottish widows.
It was found […]
Popularity: 99%
The largest bank in the UK, HSBC is expects to reveal its loss of $ 16 billion for the year 2007. However it will still make its annual profit. The firms’ annual report will show that the main reason for the poor debt charge is chiefly due to the crumbling housing market of the US […]
Popularity: 32%
The bank of England has considered participating in a mass purchase of various mortgage back securities and has provided a new reform in the way it helps several big banks with emergency funding. Reports from the previous week suggested that Mervyn King, the governor of the bank, agreed to a request made by Britain’s five […]
Popularity: 29%