Police were called into the Canary Wharf head office after an attempted fraud of 90m Euros on Friday 25th April. The main HSBC euro account which holds up to billions suddenly went down to zero that afternoon. Soon after a 90m euro transaction from that account was traced back to the middle office department at [...]
Starting 26th April there was a 2 day strike at the Grangemouth refinery in Scotland over pensions . BP had to shutdown one of the main pipelines (located in the North Sea) which provides a third of the UK’s output.Both had raised fears about fuel shortages. Many people in Scotland started panic buying fuel on [...]
A federal Judge has ordered a maximum prison term of 3 years for Hollywood star Wesley Snipes which was requested by prosecutors. For 3 years Wesley Snipes failed to file a tax return from 1999 to 2001. His lawyer has asked to be lenient towards Wesley as he is “a good character”. I have to [...]
This site is all about loans, mortgages and all aspects of managing your money. If this is something you’re quite good at, then have you ever considered a career in money-management? There are many different careers available, some of which I’ve listed below: Mortgage Advisor Banking Accountant Financial Advisor (this is the ultimate one!) The [...]
The cost od oil barrels have been hitting record numbers recently. The main cause of the problem is fears of erupting violence in oil rich countries such as Nigeria and also problems in the Middle East. All this action is getting petrol pumps so excited that they have raised the cost of petrol which now [...]
Britons are starting to feel the pressure of the increasing costs of living according to a new study by insurance firm, AXA. Statistics show that more than half of the households with £30,000 or higher income will be trying to take steps in reducing their spending. Many will either be getting a second job or [...]
The Bank of England has announced plans today that it will be swapping £50bn worth of government bonds for British Banks’ mortgages. There are hopes now that the banks will be more willing to lend to each other and also homeowners. There have been a few minor attempts to stop the UK from going into [...]
Merrill Lynch is to cut 4000 jobs worldwide as it has reported a loss of billions of pounds. £1bn profit has been lost compared to the same period in 2007. The amount of people who are set to be made redundant make up 10% of the total staff. Merrill Lynch will be saving $800m ar [...]
The value of property has decreased more than it has increase.Inflation figures have held steady at 2.5% this month. Sales in the retail sector have dropped by 1.6% compared to the same period last year. The Pound has fallen against the Euro and anything more that i write will make it sound like we are [...]
I have mentioned the floods before and it seems as though we have been hit once again. Not only by the dirty water last year but also our filthy government. The TaxPayers’ Alliance (TPA) says that the Treasury made £525m from tax payers recouped the repairs carried out to properties damaged in the floods last [...]