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Swiss private bank UBP acquires Lloyds’ international private banking arm for £100m

Swiss private bank Union Bancaire Privee UBP SA has agreed to take over UK Lloyds Banking Group plc’s (LON:LLOY) international private banking arm for up to GBP100m (USD151.7m/EUR117m) in cash, the companies said … Continue reading “Swiss private bank UBP acquires Lloyds’ international private banking arm for £100m”


Lloyds to bank £325m from sale of commercial property loans

UK Lloyds Banking Group plc (LON:LLOY) said Friday it had inked an accord to divest a portfolio of UK commercial real estate loans to Promontoria Thames Ltd for GBP325m (USD501.2m/EUR384.6m) in cash. The … Continue reading “Lloyds to bank £325m from sale of commercial property loans”


Global economy faces continued sluggish growth, according to Dun & Bradstreet

US commercial information provider Dun & Bradstreet (NYSE: DNB) said it has published a five-year forecast of the global economy predicting continued but sluggish growth against challenging headwinds, differing from region to region. D&B said … Continue reading “Global economy faces continued sluggish growth, according to Dun & Bradstreet”


HSBC sells Singapore insurance unit to AXA Life

UK financial major HSBC Holdings plc (LON:HSBA) said Wednesday that fully-controlled unit HSBC Insurance (Singapore) Pte Ltd had inked an accord to sell its group term life insurance and group medical insurance portfolios in … Continue reading “HSBC sells Singapore insurance unit to AXA Life”


Why use a foreign exchange service when buying property abroad?

Buying property abroad is a popular ambition in the UK. The option of living a life of leisure in a place that offers guaranteed sunshine, or just having a holiday home at your … Continue reading “Why use a foreign exchange service when buying property abroad?”


HM Treasury allocates £200m to Pru for UK middle market investments

The investment management unit of international financial services group Prudential Financial (NYSE: PRU), Prudential Capital Group, said that UK economics and finance ministry Her Majesty’s Treasury has allocated GBP 200m (about USD 323m) of a … Continue reading “HM Treasury allocates £200m to Pru for UK middle market investments”


Helping People through Investment

If you are looking for an ethical way of investing your money, then look no further. Investment funds have sprung up in the recent past that allow investors to pool their money into … Continue reading “Helping People through Investment”


US investor optimism up 14%, according to UBS survey

Swiss financial firm UBS’s (NYSE: UBS) UBS Wealth Management Americas (WMA) unit said it has launched its Investor Watch report, a new quarterly survey of US private clients’ investment decisions and primary concerns as the nation approaches the November 6 election. … Continue reading “US investor optimism up 14%, according to UBS survey”


RBS offloads consumer loans to financial services firm Paragon

British first mortgage and consumer finance firm Paragon Group Of Companies Plc (LON:PAG) said on Monday it had paid GBP25,000 (USD40,000/EUR31,000) to buy a portfolio of unsecured consumer loans from The Royal Bank … Continue reading “RBS offloads consumer loans to financial services firm Paragon”


City of London opposes tighter regulation of high-frequency trading

European politicians drafting tough new curbs on the controversial trading practice high frequency trading (HFT) have faced stiff resistance from the industry – especially the City of London. The European Parliament plans to … Continue reading “City of London opposes tighter regulation of high-frequency trading”


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