TRADERS SEX UP THE DULL WORLD OF FOREX August 23, 2010 THE THINGS that bored traders get up to when they get a minute, eh? The Capitalist chances upon an, err, enterprising website set up by a pair of forex traders, who claim to have cracked the conundrum of how to dispense a barrage of information to their peers while simultaneously holding their interest – by [...]
AT A GLANCE | KEY DETAILS OF THE STRESS TESTS July 7, 2010 The objective The stress tests aim to assess the resilience of the EU banking sector and banks’ ability to absorb further possible shocks on credit and market risks, including sovereign risks, and to assess their current dependence on taxpayer support measures. How the tests will work The programme will be conducted on a bank-by-bank basis [...]
Fuel price dip cuts inflation rate for June July 13, 2010 FALLING fuel prices helped annual inflation to ease in June for the second month in a row but core inflation, which excludes energy and food costs, worrying rose last month, official data showed yesterday. The Office for National Statistics (ONS) revealed the consumer prices index (CPI) eased to 3.2 per cent last month from 3.4 [...]
Revamp rocks Barclays bank November 3, 2009 BARCLAYS announced the surprise departure of the head of its global retail and commercial banking (GRCB) division yesterday in a management shake-up that will boost the empire overseen by the group’s president Bob Diamond. Barclays said it was splitting up GRCB and that its boss Frits Seegers had resigned as a director and would leave [...]
Migrant row overshadows Indian deals July 28, 2010 DAVID Cameron yesterday smoothed the way for a flurry of deals with India on a trade mission to the emerging superpower, but simmering tensions over plans to cap immigration in Britain threatened to turn into a full-scale row. The Prime Minister is leading a 90-strong delegation, which includes top business figures like Barclays boss John [...]
Bonus row to reignite at Barclays and HSBC November 8, 2009 BARCLAYS and HSBC will risk stirring up more public anger over bankers’ pay tomorrow when they are likely to report strong third quarter results – and bumper bonuses to match. Both Barclays and HSBC avoided taking Government cash to survive the global financial crisis but that is unlikely to protect either from criticism over the [...]
Barclays extends its sponsorship November 1, 2009 Barclays agreed to extend its sponsorship of the Singapore Open until “at least” 2012 and keep the prize money at $5m (£3bn) while expanding the field, tournament organisers said yesterday. As Briton Ian Poulter was sinking the winning putt for a one-stroke victory on the 72nd hole of this year’s tournament, Barclays were finalising the [...]
Ex-OFT expert brought in to probe banks June 16, 2010 SIR John Vickers, the former boss of the Office of Fair Trading, has been appointed to lead a wide-ranging review into the future shape of the banking industry. Announcing the appointment in the Commons, chancellor George Osborne said Vickers would be asked to investigate the best “size, scale and function” of banks in the future. [...]
FTSE sinks to lowest level in a month as Fed’s statement makes investors nervous June 24, 2010 BRITAIN’S FTSE 100 share index fell yesterday as fears over the sustainability of a global recovery hit commodity-linked stocks and banks as risk appetite waned. The FTSE 100 closed down 78.29 points, or 1.5 per cent at 5,100.23 points, its lowest closing level in almost a month after shedding 1.3 per cent on Wednesday. A [...]
City expects budget cuts June 20, 2010 CITY economists have broadly backed the chancellor’s plans to launch what could be the sharpest fiscal tightening in Britain’s post-war history but warned that the squeeze could harm still-feeble growth. Despite the improving fiscal trend, George Osborne is expected to introduce additional tightening measures in his first Budget tomorrow to put the public finances onto [...]