The price of gold continues to ease off from its high reached last month, as heavy losses in key financial markets are prompting investors to sell their gold.
Despite efforts to address pay inequalities in the wake of the recession, basic salary increases for FTSE 350 executives have overtaken those for average employees, Deloitte has said.
The Independent Commission on Banking’s final report has been published today, outlining a series of measures intended to boost competition and transparency within the UK’s powerful banking sector, and to stimulate affordable lending to businesses for the benefit of the broader UK economy.
Tomorrow (Monday) will see the publication final report of the highly anticipated Independent Commission on Banking.
The UK’s four leading business organisations are urging the government to foster greater competition in the banking sector, in order to stimulate the UK recovery.
The majority of companies in the UK and Europe are putting unnecessary pressure on themselves by overpaying in the purchase-to-payment cycle.
In order to address the deteriorating economic conditions felt here in the UK, as in much of the developed world, the Bank of England is now likely to vote on more quantitative easing
Contributions to personal pensions have dropped 15% in 2 years as a result of the recession and current downturn, figures from the Office for National Statistics show.
Any move to ring-fence the UK banks' High Street operations from investment banking divisions would result in a 0.3% decrease in economic growth according to the Ernst & Young Item Club report.
Goldman Sachs (NYSE: GS) is facing enforcement action by the US Federal Reserve Bank to address ‘a pattern of misconduct and negligence’ in its former subsidiary, Litton Loan Servicing LP.