The first instalment is part of an emergency €100bn aid initiative agreed in June to inject some much needed funds into the wavering economy and to prevent any further downward spiralling by the banks. EU heavyweights have also decided to give the region an additional year to try and get its budget deficit back in…
One single bank supervisor will report directly to the European Central Bank in order to police the largest and most influential banks in the EU, in the wake of the Libor scandal that rocked UK financial services. There are also plans to outlaw any deliberate manipulation of interest rates, and a review into how Libor…
Despite record-high temperatures this summer, home heating issues have remained a hazard throughout the United States. In June 2012, a handful of heater-sparked fires resulted in devastating damages for families in Georgia, North Carolina and New York. Safety and health organizations are stressing extra heating safety for this unusually dry season. Scott Conner, Senior Vice President…
When an American or Canadian decides to buy real estate in Mexico, the first part, or even perhaps all of the search process will be carried out from distance. While for many buyers this may seem to be an obstacle, there are excellent resources available to make this task easier and even offer some advantages over…
Addressing his MPs at the House of Commons liaison committee yesterday, Cameron said he’d “do whatever it takes to protect the United Kingdom from a Greek influx,” should the nation leave the eurozone. His comments have surprised a number of Tories backbenchers, as by law, nationals of the 27 countries in the EU usually have…
The fine comes after the British heavyweight admitted several criminal charges relating to US marketing laws, by promoting two of its drugs for unapproved use and for failing to report significant safety data about one of its diabetes medications to the Food and Drug Administration (FDA). The company has also been found guilty of bribing…
You’ve undoubetdely heard Warren Buffet tout the benefits of investing in real estate right now; however, you are wondering, how do I find the right investment property?I hear it all the time, from clients looking to buy their first investment property — “I want to buy this specific home, because the “books” say it’s a…
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…
