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British Telecom is planning to make reforms on a large scale to their £35billion pension scheme after the shock profit warning from the company last week. The company wants to limit liabilities in the future by increasing staff contributions, ...
On Thursday, Lloyds TSB, the British bank, named the key figures that will form the new management team, after their takeover of HBOS. The list was dominated by the names of the existing team of Lloyds TSB. The ...
Lloyds TSB has blocked borrowers' chance to switch to interest-only agreements despite their recent promise to the Government that they would support homeowners. The interest-only mortgage's lower monthly repayments are frequently a lifeline for borrowers who are hard-pressed.
Lloyds TSB, ...
The high street lender Abbey, which is owned by Santander, a Spanish company, has provided more than 25% of all the new net mortgage lending for the United Kingdom during the last three months ending September, while they continue to ...
GKN, the aerospace and automotive group, is planning to axe 1,400 jobs, following a profit warning that their profits are going to be 20% less this year due to its main businesses experiencing a dramatic slowdown, as well as expenses ...
BG Group, also known as British Gas, is having discussions of taking over Queensland Gas for £2 billion six weeks after its withdrawal in a bid for Origin Energy, a larger rival. The agreement will pave the way to ...
ING, which is one of the biggest banks in Europe and has about one million customers in the United Kingdom, has accepted £7.8 billion from the Dutch government in order to prop up their balance sheet. The financial services ...
Google, which is the largest internet company in the world, has offered hope in the middle of the financial gloom worldwide after they unveiled that their 3rd quarter profits were up by 26%. Last night, Google said that their ...
Today the Bank of England is going to outline their plans for improving their emergency overnight lending discount window, which has been avoided by banks for the last year due to the fear of negative publicity. Yesterday the Bank ...
The meltdown of the banking sector is being exploited by scammers in order to trick the users of the banks into giving them their sensitive personal financial information. Phishing emails are commonly used as security checks in the form ...
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