The top ten real causes of the crisis February 9, 2011 IN the end, Merlin turned out a damp squib. This is goodish news, because the deal is based on a faulty interpretation of the crisis. Here are the ten most important causes of our problems. 1) Loose, ultra-interventionist monetary policy from central banks that kept stepping in whenever growth slowed or the stock market fell. [...]
The top ten real causes of the crisis February 9, 2011 IN the end, Merlin turned out a damp squib. This is goodish news, because the deal is based on a faulty interpretation of the crisis. Here are the ten most important causes of our problems. 1) Loose, ultra-interventionist monetary policy from central banks that kept stepping in whenever growth slowed or the stock market fell. [...]
S&P ups outlook on Aviva February 9, 2011 INSURANCE group Aviva’s credit rating outlook was upgraded yesterday by Standard & Poor’s after it confirmed plans to cut its debt and reduce pension deficits, and on the strengthening of its balance sheet. Aviva’s outlook was raised from negative to stable by the rating agency, which also affirmed the group’s core operating entities at AA-. [...]
PERSONAL FINANCE NEWS February 23, 2011 YOUNG FEMALE DRIVERS WILL PAY MORE The EU gender directive ruling, which is expected on 1 March this year, will decide whether or not it is legal for insurers to charge different premiums based on gender. Under the current rules, young female drivers pay less for their insurance than young men, based on the fact [...]
AIG picks banks for share sale January 19, 2011 AMERICAN International Group (AIG) has chosen Bank of America, Deutsche Bank, Goldman Sachs and JPMorgan Chase to manage the sale of the government’s 92 per cent stake in the insurer, according to reports. AIG and the government held a “bake off” in New York last Thursday, hosting chief executives and bankers from 10 of the [...]
CITY MOVES | WHO’S SWITCHING JOBS February 22, 2011 Hawkpoint Partners Simon Russell has been appointed as managing director of Hawkpoint Partners. With an extensive portfolio across top European companies, Russell was previously head of technology at Dresdner Kleinwort as well as the head of European technology at Thomas Weisel Partners. He has also provided advice to corporate clients including Liquavista, 2e2, Wolters Kluwer [...]
CITY MOVES | WHO’S SWITCHING JOBS February 22, 2011 Hawkpoint Partners Simon Russell has been appointed as managing director of Hawkpoint Partners. With an extensive portfolio across top European companies, Russell was previously head of technology at Dresdner Kleinwort as well as the head of European technology at Thomas Weisel Partners. He has also provided advice to corporate clients including Liquavista, 2e2, Wolters Kluwer [...]
RBS surges on talk of asset protection exit January 21, 2011 Royal Bank of Scotland and the Treasury are in talks over RBS’s possible early exit from the government asset protection scheme that insures the bank’s riskiest assets, an industry source said. “Clearly there are talks going on, but it is very early days,” the source said on Friday. The Asset Protection Agency (APA) – which [...]
RBS surges on talk of asset protection exit January 21, 2011 Royal Bank of Scotland and the Treasury are in talks over RBS’s possible early exit from the government asset protection scheme that insures the bank’s riskiest assets, an industry source said. “Clearly there are talks going on, but it is very early days,” the source said on Friday. The Asset Protection Agency (APA) – which [...]
Investors drop equities on continued Japan worries March 16, 2011 HEIGHTENED fears about the nuclear crisis in Japan saw investors shun equities yesterday, with falls by heavyweight commodity issues dragging Britain’s top share index lower. Banks were the biggest fallers, however, also under pressure as a downgrade of Portugal’s credit rating by Moody’s further unnerved investors. At the close, the FTSE 100 was down 97.05 [...]