Finance
How To Prepare Now For Your Retirement
It’s safe to assume everyone wants to have a comfortable and secure retirement someday. This dream is definitely one of the main motivations that we...
Credit Suisse agrees to pay $885 million to settle US mortgage case
Credit Suisse has agreed to pay $885 million to settle claims it mis-sold mortgage-backed securities in the US before the financial crisis. The Swiss bank...
Russian stock market falls on Western sanctions over Ukraine
Russian stock market fell sharply on Friday as investors weighed the impact of western sanctions over Ukraine. The MICEX index, which is priced in roubles...
Asian markets fall after Fed rate rise hint
Asian shares fell after the US Federal Reserve hinted that it might raise interest rates as soon as 2015. Hong Kong's Hang Seng index officially...
US Federal Deposit Insurance Corporation sues 16 banks for LIBOR manipulation
The US Federal Deposit Insurance Corporation (FDIC) has sued 16 banks for allegedly manipulating the London interbank offered rate (LIBOR). The LIBOR rate is used...
Lamido Sanusi: Nigeria’s central bank governor suspended over missing $20 billion
Lamido Sanusi - Nigeria's central bank governor - has been suspended by the president pending investigations into "far-reaching irregularities". Lamido Sanusi caused shockwaves in Nigeria...
Coca-Cola shares see biggest fall in two years as sales miss estimates
Coca-Cola shares saw their biggest fall in two years after the company’s profit fell due to slowing sales in the US and Europe. Coca-Cola's fourth-quarter...
Morgan Stanley in $1.25 billion settlement over mortgage-backed securities sale
Morgan Stanley has agreed to pay $1.25 billion to settle a lawsuit over the sale of mortgage-backed securities. The money will be paid to the...
Insurance for the Self-Employed
Tradesman liability insurance is something that every self-employed person must have by law. There are two main parts of this insurance: public liability insurance...
What Will the UK Property Market Do in 2014?
In 2014, there is a very strong likelihood that the value of the UK real estate market will increase nearly 8%. There were surprise...
Janet Yellen confirmed as next head of Federal Reserve
Janet Yellen has been confirmed by US Senate as the next head of the Federal Reserve. Fifty-six senators voted in favor of Janet Yellen with...
Latvia joins eurozone on New Year’s Day
Latvia has joined the eurozone as of 1st of January 2014, becoming the 18th member of the group of EU states which uses the...
Target data breach: Chase limits debit card use for customers at risk
JPMorgan Chase customers will be limited to $100 in cash withdrawals and $300 in total purchases per day if they used Chase debit cards...
World stock markets rise after Fed stimulus trim announcement
Global stock markets rallied after the US Federal Reserve's commitment to keep interest rates low offset its decision to taper its stimulus programme. Germany's Dax...
EU Commission fines eight banks for forming illegal cartels to rig interest rates
The European Commission has fined eight banks a total of 1.7 billion euros for forming illegal cartels to rig interest rates. The cartels operated in...
Dow Jones and Standard and Poor’s rise to new record high
Dow Jones index rose above 16,000 points for the first time and the broader Standard and Poor's passed through the 1,800. Traders are optimistic about...
JP Morgan agrees to pay $4.5 billion to investors
JP Morgan has agreed to pay $4.5 billion to investors who lost money on mortgage-related securities during the financial crisis. The settlement is with 21...
Bank of America to pay $864 million in compensation for losses over home loans
The US government is seeking $864 million in compensation from Bank of America for losses over home loans sold to it by the bank's...
HSBC announces 30% profit rise in Q3 2013
HSBC has announced a 30% profit rise in Q3 2013, boosted by a strong performance in the UK and Hong Kong. Reported pre-tax profit was...
Japan’s top banks in yakuza gangster probe
Japan's Financial Services Agency (FSA) has decided to inspect three major banks, including giant Mitsubishi, over possible transactions involving yakuza organized crime gangs. One of...
How to cut your holiday travel costs
As the holiday season is just few weeks away, now is a great time to start booking that flight or hotel for your Thanksgiving...
JP Morgan agrees $5.1 billion settlement with FHFA
JP Morgan has reached a $5.1 billion settlement with the US Federal Housing Finance Agency (FHFA) over charges it misled mortgage giants Fannie Mae...
Cuba to eliminate dual-currency system in latest financial reform
Cuba has decided to eliminate its dual-currency system in the latest financial reform rolled out by President Raul Castro, official media report. Since 1994 Cuba...
London Whale: JP Morgan makes $920 million payout to regulators
JP Morgan Chase has agreed to pay four regulators $920 million relating to a $6.2 billion loss incurred as a result of the "London...
Indian rupee and stocks jump as Raghuram Rajan boosts confidence
Indian rupee and stocks have jumped a day after the country's new central bank chief Raghuram Rajan took charge and promised tough action to...
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