Banking And Finance NEWS

US-based online trading firms TradeKing and Zecco to merge operations

US online brokerages TradeKing and Zecco said that they had agreed to amalgamate their operations. The firms did not reveal the financial conditions of the transaction. The combed company will serve some 500,000 client accounts … Continue reading “US-based online trading firms TradeKing and Zecco to merge operations”


HSBC agrees to sell Latin American operations to Columbia’s Banco GNB

British banking group HSBC Holdings Plc (LON:HSBA) announced it had agreed to sell its operations in Colombia, Peru, Uruguay and Paraguay to Colombian peer Banco GNB Sudameris SA, owned by the Gilinski Group, … Continue reading “HSBC agrees to sell Latin American operations to Columbia’s Banco GNB”


Bank of England keeps interest rates at 0.5% and holds back from further QE

The Bank of England has maintained UK interest rates at 0.5% and also announced yesterday that it will not be extending its programme of quantitative easing (QE). Rates have been held at a … Continue reading “Bank of England keeps interest rates at 0.5% and holds back from further QE”


Dubai Islamic Bank reports an 11% increase in first quarter net profit

Dubai Islamic Bank booked a net profit of AED245m (USD66.7m/EUR50.4m) in the first three months of the year, up 11% from the AED222m recorded in the same period in 2011, the Dubai-based lender … Continue reading “Dubai Islamic Bank reports an 11% increase in first quarter net profit”


Greek Tsakos Energy braves equity markets via book-runner Credit Suisse

Greek energy transportation group Tsakos Energy Navigation (NYSE:TNP) has decided to tap investors for fresh equity, despite continuing worries of the Greek economy and the European sovereign debt crisis, the New York-listed firm … Continue reading “Greek Tsakos Energy braves equity markets via book-runner Credit Suisse”


70% of Britons Have Debt Problems, Say Co-Op

Statistics have shown that 70% of Britons have experienced a debt or financial problem. This was shown by research conducted by the Co-Operative Bank. If you have ever found yourself in a financial mess, … Continue reading “70% of Britons Have Debt Problems, Say Co-Op”


Why You Are Missing Out On Free Money

In the current financial climate, it really does pay to look after your money and one of the ways you can make the most of your savings is to open an ISA savings … Continue reading “Why You Are Missing Out On Free Money”


Where will you be next year?

It’s hard to predict the future, but the past is already set in stone – there for us to review whenever we want to. When you look back, it’s easy to see how … Continue reading “Where will you be next year?”


Ministry of Justice Clamp Down on Cold Calling Claims Management Firms

The Ministry of Justice are bringing in new measures to regulate false claims made by claims management companies. Back in December, This is Money covered a story about the growing number of cold … Continue reading “Ministry of Justice Clamp Down on Cold Calling Claims Management Firms”


Thinking Ahead – Prepare Now For Next Christmas

With Christmas and New Year right around the corner, many of us have found that buying the perfect gifts for loved ones, financing a few festive nights out and having to buy some … Continue reading “Thinking Ahead – Prepare Now For Next Christmas”


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