easyJet Says ‘Use It or Lose It’ Suspension is Protectionist

March 12, 2009

www.easyjet.com On Tuesday, the European Commission announced a proposal to aid struggling airlines, which triggered a clash of flag-carriers and budget airlines. The move, which was proposed by European Transport Commissioner Antonio Tajani, is to temporarily suspend ...

Bradford & Bingley Valuer Search by Treasury

March 12, 2009

www.bradford-bingley.co.uk Michael Izza, the Chief Executive of the Institute of Chartered Accountants in England & Wales (ICAEW), is heading a panel of the Treasury that will recommend a valuer to assess the compensation level payable to the shareholders ...

Barclays Insists No Need for Capital

March 12, 2009

www.barclays.co.uk Barclays, a major world finance provider, is insisting that they will only participate in the Asset Protection Scheme from the government if it's in the best interests of their shareholders, and they have dismissed ...

YouTube to Block UK Music Videos

March 11, 2009

www.youtube.com YouTube, the online video site, is going to block most music videos from the United Kingdom due to talks with a royalty group failing. The video site is owned by Google, and says that the Performing ...

World Bank Warns of Major Shortfalls for Developing Countries

March 11, 2009

www.worldbank.org Prior to the G20 conference, the World Bank is issuing a forecast that indicates that developing countries who don't have adequate sources of credit may be facing between $270 billion and $700 billion in financing shortfalls for ...

Virgin Group Reveals Banking Plans

March 11, 2009

www.virgin.com Virgin Group has revealed plans to become a bank on the High Street in only two years. The group was heavily involved with the bidding for Northern Rock prior to the lender being nationalized last year ...

Teathers Doubted After Straumur-Burdaras Collapses

March 11, 2009

www.teathers.com The future of Teathers, the British stockbroker, was thrown into doubt yesterday following the nationalization of Straumur-Burdaras, its Icelandic owner. Straumur-Burdaras, the last listed bank standing of Reykjavik, has now been nationalized following a warning that ...

HSBC in Hong Kong Damage Control

March 11, 2009

www.hsbc.com HSBC, a global banking giant, was doing damage control in Hong Kong yesterday, following the price of their stock plummeting 24% during trading on Monday. The lender assured other lenders that their massive multi-billion rights issue ...

Citigroup Memo Ignites Global Rally

March 11, 2009

www.citigroup.com Yesterday, the US dollar slipped while stocks rallied in the biggest one-day gain over a three-month period. The rally followed the leak of a Citigroup memo that said the bank made a profit for the last ...

Air France KLM Saying Bye to Printed Tickets

March 11, 2009

www.airfranceklm-finance.com Soon, passengers boarding Air France KLM flights in Amsterdam or Paris will be testing smartboarding, an automated boarding system, for the airline, which could be either fun or the worst experience ever. The carrier is asking ...