Irony was not lost on David Marcus as president of PayPal -the online secure payment service- who said that his credit card was probably ‘skimmed’ at the UK hotel he was staying at or at a merchant he visited during his stay in the UK. Continue Reading »
There are two main forms of ISA:
- the Cash ISA lets you withdraw money at any time,
- while the Fixed Rate ISA is for those who do not mind locking their money away. Continue Reading »
Credit cards give us the freedom to purchase things whenever we desire. They often come with a range of attractive benefits and rewards that encourage us to spend, and the “buy now, pay later” incentive makes them very tempting to use – even if we have the cash to pay outright.
When used properly, credit cards provide significant financial freedom, but as this guide shows, there are a number of traps that are all too easy to fall victim to. If you want your credit card to work for you and not against you, make sure to avoid these traps. Continue Reading »
The back story of the most recent Wall Street scandal is as follows: In October 2011,Â the Federal Reserve Bank of New York hired a senior examiner, namely Carmen M. Segarra, to review the Legal and Compliance Division of Goldman Sachs.
As her audit proceeded, Segarra concluded that Goldman Sachs had failed to address conflicts of interest when advising clients. The patchwork of policies that Goldman Sachs allegedly had in place was pointless and fell short of the Fed’s requirements.
Moreover, Segarra later found that Goldman Sachs fabricated information about performing due diligence on a number of transactions. Continue Reading »
The Investec Hot 100 is turning up the heat this year. Perhaps most startling is the widening of the north-south divide, with even more of the UKâ€™s fastest-growing companies based on their average growth in profitable sales coming from the south east of England.
The top spot is taken by a social enterprise, Potensial, which supports adults with learning difficulties. It was founded in 1989 by the married couple John and Rachel Farragher, who now own 42 care homes throughout the north of England and Wales. In the last four years their profits have gone from Â£169,000 to Â£2.4 million.
RBS, HSBC, Lloyds and Barclays have announced that they will employ just over 600k people worldwide by the end of 2013, however, this is a sign of the times since this is 24% less than their peak in 2008 â€“ just 5 years ago.
Due to the European debt crisis, investors are increasing the pressure on banks to reduce fixed costs as they continue to post lower revenue rates each year. Recently the banks went through a phase of making bigger, more significant redundancies, but these new figures show that this phase has not quite finished yet.
The drive behind such redundancies is, Continue Reading »
With todayâ€™s low interest rates, putting your money in a savings account isnâ€™t the most inspiring investment. Itâ€™s safe, but with such low interest rates, you could much make better returns by building up your own investment portfolio, and with little more risk.
You have the chance to make your money work harder, creating greater returns than crawling along in low single digits with your bank. By following the advice below, you will be on the way to creating a reliable investment plan which is insulated from many of the risks associated with investing in stocks and shares.
Continue Reading »
The government appears to have paid attention to all those Donal MacIntyre undercover shows and drafted legislation to deal with pressure sellers and other sales sharks. You know the people. Door to door salesmen, timeshare hawkers and insurance men who make misleading claims and bully people into signing expensive contracts for things they donâ€™t actually want or need. Continue Reading »
Great news for home owners and Daily Mail headline writers. Not so promising for those who havenâ€™t already got their foot on the housing ladder. UK house prices are expected to rise over the summer, with the highest consumer confidence in a decade and a half.
Over the next year it is expected that house prices will rise on average 1.5 per cent. On this trajectory, a house worth Â£400,000 will be valued at Â£406,000 this time next year. Â This is all according to consumer confidence studies by the Royal Institute of Chartered Surveyors, viewed as one of the most reliable predictors of future trends in the housing market.
The Archbishop of Canterburyâ€™s announcement that he plans to start a credit union contradicts the Bible, which condemns â€˜money lenders in the templeâ€™. But as a means of curbing the power of payday lenders, the Church of Englandâ€™s decision to cross over into the financial services industry may be a fine display of pragmatism from a church increasingly accused of being out of touch with a society blighted by financial woe. Continue Reading »