Shares at Barclays closed down 15.53 percent and other big players in the sector also took a hit, as analysts fear the effects of the interest rates scandal could be very serious for the UK financial markets. RBS closed down 11.45 percent, Lloyds fell 3.9 percent and HSBC closed 2.58 percent lower than on Wednesday….
Barclays has been told to pay up after it was discovered they had been influencing the Libor and the Euribor as far back as 2005, which may have led to customers being charged too much for credit card and mortgage loans. The bank’s chief executive Bob Diamond has faced calls to resign over the transgressions…
Three new developments have put huge pressure on EU governments to come to a unanimous decision at the two-day debt summit on Thursday and Friday. Cyprus became the fifth eurozone country to ask for a bailout to help its banks yesterday, after announcing it has only four days to find €1.8bn to protect its second-largest…
Mexico real estate can be an excellent investment both in terms of lifestyle and in terms of financial gain. One of the most attractive features of investing in Mexico’s market is that there many options for low-budget investment, making it possible for those on a lower budget to “get their foot in the door” of good…
The plan was announced after the Fed decided it would not use further quantitative easing to counteract slow market growth, but instead make it easier for households and businesses to cut their long-term costs of borrowing. Operation Twist involves the selling of short-term bonds for long-term ones, and is bought in to try and depress…
Italian prime minister Mario Monti suggested using the European Financial Stability Facility’s (EFSF) €440bn rescue subsidy to buy open market peripheral bonds in an attempt to counteract the rising cost of government bond yields in Spain. “The idea is to stabilise borrowing costs, especially for countries who are complying with their reform agendas, and this…
The group will continue discussions to focus on breaking the link between banks and sovereigns, and tackle other problems like employment growth in the region. The lack of progress being made is said to have frustrated some: “We are waiting for Europe to tell us what it’s going to do,” said World Bank chief Robert…
An automatic savings plan is your answer to planning for retirement. It is an opportunity for you to simply put money aside for your use during retirement without even thinking about doing it. If you are the type of person who could burn through $100 within minutes of having the cash in your hands, you…
Coin collection is of the oldest hobbies around. If done right, it can also be one of the smartest investments you can make. While buying gold and silver to hedge against economic meltdown is currently in vogue, precious metal coins are an essential part of a well-diversified portfolio. If you’re looking to expand your coin…
No one else does it quite like Texas. There’s certainly no lack of diversity in the second largest and second most populous state in the U.S. The people, the culture and the varying landscapes give Texas a lot to boast about, but while it’s home to some of the most beautiful prairies, grasslands, forests, coastlines,…
