March 6, 2013
BoE’s Mervyn King: Government’s RBS Strategy ‘Nonsense’

http://www.ibtimes.co.uk/articles/442839/20130306/rbs-mervyn-king-boe-banking-commission-osborne.htm

12:46pm  |   URL: http://tmblr.co/Z9sdPwfeV9dp
Filed under: BoE UK RBS Banking Banks Economy Finance Business 
March 6, 2013
Microsoft Fined £484m by EU for Breech of Antitrust Agreement http://www.ibtimes.co.uk/articles/442809/20130306/microsoft-fined-561-million-euro-eu-antitrust.htm

Microsoft Fined £484m by EU for Breech of Antitrust Agreement

http://www.ibtimes.co.uk/articles/442809/20130306/microsoft-fined-561-million-euro-eu-antitrust.htm

12:00pm  |   URL: http://tmblr.co/Z9sdPwfeP_Su
Filed under: Microsoft Euro EU Anti-trust Fines Finance Business companies Economy 
March 4, 2013
European Market Briefing: Shares Edge Lower on Global Growth Concerns  http://www.ibtimes.co.uk/articles/441854/20130304/hsbc-fls-bank-england-sequester-italy.htm

European Market Briefing: Shares Edge Lower on Global Growth Concerns 

http://www.ibtimes.co.uk/articles/441854/20130304/hsbc-fls-bank-england-sequester-italy.htm

2:25pm  |   URL: http://tmblr.co/Z9sdPwfUrfG6
(Notes: 2)
  
Filed under: European Markets Global Growth Italy England HSBC Banking Economy Finance Business 
March 4, 2013
Mis-Selling Derivatives Exclusive: Barclays’ Lawyers Accused of Breaching Code of Conduct http://www.ibtimes.co.uk/articles/441838/20130304/barclays-irsa-mis-selling-derivatives-eversheds-tlt.htm

Mis-Selling Derivatives Exclusive: Barclays’ Lawyers Accused of Breaching Code of Conduct

http://www.ibtimes.co.uk/articles/441838/20130304/barclays-irsa-mis-selling-derivatives-eversheds-tlt.htm

1:47pm  |   URL: http://tmblr.co/Z9sdPwfUmvMc
(Notes: 1)
  
Filed under: Barclays UK Libor Banking Bank Standards libor fixing scandal Economy Finance Business 
March 4, 2013
Spanish Jobless Claims Cross Record 5 Million Mark in February

http://www.ibtimes.co.uk/articles/441782/20130304/spain-jobless-claims-recession-mariano-rajoy.htm

12:18pm  |   URL: http://tmblr.co/Z9sdPwfUcxof
(Notes: 1)
  
Filed under: Spain Jobless Recession economy Business Finance Europe Eurozone 
March 4, 2013
China to Overtake US as Top Luxury Car Market by 2016

http://www.ibtimes.co.uk/articles/441758/20130304/china-luxury-cars-mckinsey-audi-bmw-peugeot.htm

10:36am  |   URL: http://tmblr.co/Z9sdPwfUSv_s
(Notes: 1)
  
Filed under: China US Car Market Audi BMW Peugeot Economy Finance Business 
March 4, 2013
UK Banks Hoard ‘Funding for Lending’ Cash as Key BoE Programme Stalls

http://www.ibtimes.co.uk/articles/441747/20130304/funding-lending-banks-fls-bank-england-treasury.htm

10:21am  |   URL: http://tmblr.co/Z9sdPwfURgAJ
Filed under: UK Banks Finance Business Economy 
March 1, 2013
Pyramids for Rent: Egypt Mulls Desperate Measures to Save Crumbling Economy http://www.ibtimes.co.uk/articles/440961/20130301/egypt-pyramids-rent-economy-cairo-karnak-luxor.htm

Pyramids for Rent: Egypt Mulls Desperate Measures to Save Crumbling Economy

http://www.ibtimes.co.uk/articles/440961/20130301/egypt-pyramids-rent-economy-cairo-karnak-luxor.htm

10:24am  |   URL: http://tmblr.co/Z9sdPwfFizjH
(Notes: 2)
  
Filed under: Pyramids Egypt Cairo Karnak Luxor Economy Finance Business 
February 27, 2013
Lord Turner (Photo: Parliament TV) http://live.ibtimes.co.uk/Event/FSA_Chiefs_Face_Parliamentary_Grilling Turner: There was no information on trader manipulation in Libor. There was no information on the trade room manipulation so you can’t say that ‘here is the info, why didn’t you act’. 

Lord Turner (Photo: Parliament TV)

http://live.ibtimes.co.uk/Event/FSA_Chiefs_Face_Parliamentary_Grilling

Turner:

There was no information on trader manipulation in Libor. There was no information on the trade room manipulation so you can’t say that ‘here is the info, why didn’t you act’. 

10:58am  |   URL: http://tmblr.co/Z9sdPwf6bwfZ
Filed under: Libor libor fixing scandal FSA Banks banking Bank Standards Economy Finance Business UK 
February 27, 2013
FSA Chiefs Face Parliamentary Grilling Live

MPs: The cost of redress is probably greater than what the companies gained from PPI in the first place. The State put a lot of money into banks and to keep them surviving. However these mechanisms are now pulling out all this money. Should we put a stop or a limit on these free falls of claims to stop this

Wheatley:
Claims management companies have created problems with a deluge of claims.PPI redress is approaching £10bn. The FOS is still upholding about 90% of claims.Although you are talking about the bogus claims but an independent adjudicator FOS says that 90% of these are legitimate. It’s only chaos in the sense because the volumes are huge.
 
http://live.ibtimes.co.uk/Event/FSA_Chiefs_Face_Parliamentary_Grilling

10:37am  |   URL: http://tmblr.co/Z9sdPwf6a647
(Notes: 1)
  
Filed under: Bank Standards Banking UK FSA Economy Libor libor fixing scandal Business Finance 
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