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Search Results for "Finance and Banking News"

211 Results found for "Finance and Banking News"

Lloyd's of London, the world's oldest insurance market, has returned to profit, despite paying one of the biggest claims in its history.Superstorm Sandy, which hit the Caribbean and North Am...

Finance and Banking
Published:

14 March 2013

News Category:

Market

The pay-later card market, including credit, charge and store cards, has struggled in recent years as debit and pre-paid cards have risen in popularity, with consumers desiring to budget more durin...

Demand for services within the UK auditing market reached a value of £13.5 billion in 2012, showing a compound annual growth rate (CAGR) of 3% over the past six years, broadly in line with nominal ...

Finance and Banking
Published:

6 March 2013

News Category:

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
Published:

4 March 2013

News Category:

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
Published:

28 February 2013

News Category:

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
Published:

27 February 2013

News Category:

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
Published:

27 February 2013

News Category:

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
Published:

25 February 2013

News Category:

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
Published:

20 February 2013

News Category:

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
Published:

15 February 2013

News Category:

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
Published:

15 February 2013

News Category:

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
Published:

11 February 2013

News Category:

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.<...

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
Published:

8 February 2013

News Category:

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
Published:

4 February 2013

News Category:

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
Published:

4 February 2013

News Category:

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
Published:

30 January 2013

News Category:

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...

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...

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...

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