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Barclays profits jump as Project Merlin lending remains on target

31/10/2011

Barclays Plc has delivered a growth in profits due to the banking group’s focus on reducing underlying profits, the third quarter interim statement shows.


 

European bank valuations remain dented by financial crisis

31/10/2011

Bank valuations have declined since the financial crisis and will likely see a slow return to normal levels, PwC’s latest Valuation Index shows.


 

'Bankruptcy tourism' on the rise due to 'soft' UK laws

28/10/2011

UK law on pre-pack administrations is considered a soft touch by European companies, who are increasingly taking advantage of this to register their businesses bankrupt in the UK.


 

Financial Services Authority packaged account proposals will reduce mis-selling, say consumer groups

27/10/2011

The Financial Services Authority (FSA) has proposed new rules to make sure banks and building societies check customers are eligible to claim on insurance cover before selling them a packaged bank account.


 

Eurozone summit: progress made, volatility remains

27/10/2011

Eurozone leaders have agreed on a further series of steps to secure the fragile single currency, briefly sending global stock markets rising. The chancellor George Osborne welcomed the news, saying Europe was on the right road to recovery.


 

Sovereign wealth funds calm inflation, stimulate growth

27/10/2011

Sovereign wealth funds can help to stimulate economic growth, can help maintain lower inflation, whilst allowing governments to provide cash injections into the economy when needed, PwC found in their latest report.


 

Lagarde encouraged by 'substantial' Eurozone progress

27/10/2011

Christine Lagarde, the International Monetary Fund’s Managing Director has issued a statement in Brussels about the continuing Eurozone crisis in which she welcomed the ‘substantial’ progress made Green authorities and financial institutions ins particular.


 

How to avoid Vince Cable's VAT embarrassment

26/10/2011

Diana Flier, Senior Compliance Analyst at Intuit UK, offers 5 pieces of advice to follow to avoid being landed with similar fines:


 

UK manufacturers' confidence drops, fuelled by eurozone uncertainty.

26/10/2011

Confidence has dropped sharply among UK manufacturers as firms anticipate a decline in output over the next three months, the Confederation of British Industry (CBI) has said.


 

'Change of supplier bank details' scam on the rise

26/10/2011

‘Big Four’ professional services firm, PwC, have reported a sudden resurgence of a scam in which fraudsters imitate suppliers in order to receive lucrative payments.