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Search Results for "Finance and Banking News"

168 Results found for "Finance and Banking News"

Market Headline Published News Category
Finance and Banking Economies of emerging markets beginning to slow

6 March 2013

Financials

The economies of emerging markets grew at a slower pace in February than the month before, according to HSBC's monthly purchasing managers' index.India, Brazil and China all saw growth rates...

Finance and Banking HSBC announces pre-tax profit of £13.7 billion for 2012

4 March 2013

Market

HSBC has reported rising profitability and revenue in 2012, despite the cost of fines for money-laundering.The bank announced a pre-tax profit of £13.7 billion for 2012, down 6% on the previ...

Finance and Banking RBS reports fifth annual loss

28 February 2013

Market

Royal Bank of Scotland (RBS) has reported its fifth annual loss since it was rescued by the government in 2008.The bank made a pre-tax loss of £5.17 billion, hit by a series of charges. The ...

Finance and Banking Global debit cards market the most popular worldwide card payment

27 February 2013

Market

The global debit cards market surpassed credit in 2010 to become the most popular card payment type worldwide, with US$5.9 trillion in payment volume in 2012. Debit, which has been one of th...

Finance and Banking UK economy experienced better than forecast growth in 2012

27 February 2013

Market

The UK economy grew by more than previously thought in 2012, official figures have shown. The Office for National Statistics (ONS) revised its growth estimate for the year up from no growth to 0.2%...

Finance and Banking January weather leads to a drop in UK mortgage approvals

25 February 2013

Market

Poor weather in January curtailed mortgage approvals while borrowers continued to play safe on loans and overdrafts, the major banks have said.There were 32,288 mortgages approved for house ...

Finance and Banking UK mortgage lending experienced a fall in January

20 February 2013

Market

The amount of money being lent to UK homebuyers fell last month, according to figures from the Council of Mortgage Lenders (CML).There was just £10.4 billion lent out to home-movers and firs...

Finance and Banking Hedge fund market worth over $2 trillion

15 February 2013

Market

In the years before the global financial crisis, the global hedge fund market experienced dynamic growth, reaching US$2 trillion in assets under management (AUM) in 2008.Some hedge funds hav...

Finance and Banking Hedge funds preferring discount retailers over high end brands

15 February 2013

Market

Hedge fund heavyweights from Leon Cooperman's Omega Advisors to Barry Rosenstein's Jana Partners threw in the towel on Apple Inc in the fourth quarter, while other managers found discount retailers...

Finance and Banking Scottish economy continuing to see growth

11 February 2013

Market

Scotland's economic growth is continuing to pick up, according to a survey of purchasing managers, albeit at a modest pace, driven by domestic demand rather than the hoped-for export recovery.<...

Finance and Banking UK ATM card market dominated by Barclays, Royal Bank of Scotland and Lloyds

8 February 2013

Market

The UK ATM card market showed a 2% growth in card volume and a 2% in transaction volume from 2011 to reach 167 million cards and almost 3 billion transactions in 2012.Plastic cards have chan...

Finance and Banking French economy to increase through Q1 2013

8 February 2013

Market

The French economy will avoid recession this year, according to the country's central bank.It predicts growth of 0.1% in the first three months of 2013, a more upbeat outlook than that of ma...

Finance and Banking UK credit card market led by Barclays and the Royal Bank of Scotland

4 February 2013

Market

The UK credit card market recorded a 1% current value growth in 2012, to reach a value in excess of £121 billion in 2012.Back in 1966, Barclays had introduced the credit card to the UK with ...

Finance and Banking UK debit card market dominated by Lloyds TSB

4 February 2013

Market

There was a strong increase in UK debit card transaction activity in 2011, reflecting growth in the number of cards in issue together with a continued migration from other payment methods. The prop...

Finance and Banking US economy experiences unexpected fall for Q4 2012

30 January 2013

Market

The US economy surprisingly fell at an annualised rate of 0.1% in the fourth quarter of 2012, initial official estimates indicate.If confirmed, it would be the first contraction logged by th...

Finance and Banking US savings bank market to continue feeling the effects of the economic crisis

29 January 2013

Market

The United States savings bank market has been decimated by a decline in deposits and exposure to subprime mortgages during the past five years. Industry participants, which include savings and loa...

Finance and Banking Chinese financial leasing market experiencing remarkably rapid development

28 January 2013

Market

In 2012, the Chinese financial leasing market presented remarkably rapid development, with business turnover reaching RMB1.55 trillion, an increase of about RMB620 billion (66.7%) from RMB930 billi...

Finance and Banking French card payments market led by Groupe Crédit Agricole as the most dominant issuer

24 January 2013

Market

In 2012, the French card payments market became more and more significant amongst French consumers. This payment method is increasingly preferred over cash and cheques, in part because it is more c...

Finance and Banking Chinese credit card market to become the largest by 2020

24 January 2013

Market

The Chinese credit card market has been growing at double-digit rates since the early 1990s and has boomed since 2003. China became the world's second largest credit card market (after the U...

Finance and Banking French store cards market led by Groupe Crédit Agricole

23 January 2013

Market

In terms of value transactions, the French store cards market increased by 3% through 2012 to hit a market value of €12.3 billion, while the number of cards in circulation increased by 2% to reach ...

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