If it seems like it's been months and months since market-watchers started hyping the possibility that the U.S.
Barclays has refused to comment on the details of the out-of-court settlement with Sara Pearson [Reuters] Barclays , one of the four UK banks that is now banned from selling interest rate swap agreements (IRSA) to small-to-medium enterprises (SME), has settled out of court with business owner Sara Pearson - who claimed the bank mis-sold her such a product. Two sources close to the case told the IBTimes UK exclusively that Sara Pearson settled with Barclays during the week commencing 3 September, for an undisclosed amount ahead of a hearing scheduled for October this year. However, according to the claim form filed earlier this year, Pearson 'expects to recover circa £228,354'.
Top After-Market Nasdaq Movers (Accuray, Digital Generation, Santarus, Facebook, Applied Micro Circuits, Globecomm, Xyratex, Education Management,…
The top after-market Nasdaq gainers Tuesday were Accuray Inc, Digital Generation Inc, Santarus, Facebook Inc and Applied Micro Circuits Corporation. The top after-market Nasdaq losers were Globecomm Systems, Xyratex Ltd, Education Management Corporation, STEC Inc and Lattice Semiconductor Corporation.
Criticism of ex- Barclays boss Bob Diamond's multi-million pound remuneration package intensified after the Libor scandal broke (Reuters) Just 17 percent of global financial services institutions clawed back compensation from executives who were at the helm of businesses that were either failing to turn a profit or have experienced systemic failures in business practices, says fresh research. Executive remuneration in the finance sector is popularly viewed as excessive by the court of public opinion, after the credit crisis in 2007 led to widescale bank bailout funded by taxpayers money and a recession pushed up unemployment, inflation and less spending power.
(Photo: Reuters) The concept of a single glass ceiling preventing women progressing in business purely on gender grounds is an outdated model and no longer reflects the realities of modern working life for women, a poll conducted by advisory firm Ernst & Young (E&Y) has revealed. In the survey of 1,000 UK working women between the ages of 18-60, two thirds said that they faced multiple barriers throughout their careers that transcend purely gender distinctions, such as age, lack of role models, motherhood, qualifications and experience.
While the world braces for the next euro zone fiscal crisis flare-up, an analyst at Japanese financial conglomerate Nomura suggests that whatever bad news is just around the corner will not damage global economies as much as such crises once did. The markets have been quiet for much of this month, partly because European leaders have been on vacation, as apparently have major investors
Westpac Bank, one of the big four which used to defy Reserve Bank of Australia (RBA) overnight cash rate policies, is recommending more interest rate cuts to boost the Australia n economy. Westpac chief economist Bill Evans said on Wednesday at the release of the Westpac-Melbourne Institute index for economic activity there is already a case for financial conditions to ease but noted that the RBA is still in a wait-and-see mode.
Are you entitled or empowered? Do you feel you are owed, or do you feel you own something? This simple choice reflects your view of the world.
Slowing global demand has hurt commodities prices over the past year (Reuters) Miners and commodities firms' profits have taken a massive hit this year as economic crises destabilise prices, drag down production and slow demand while natural disasters, geopolitical conflict and delayed projects weigh heavily on groups' balance sheets. With countries struggling to manage the eurozone sovereign debt crisis, the knock-on effect has left companies battling against dampened demand and production, as well as higher costs to keep afloat
The Congress ional Budget Office said Wednesday that the so-called fiscal cliff, the simultaneous tax hikes and government spending cuts that take effect Jan. 1, 2013, will send the U.S