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Reuters reported that the global credit crisis will chop 16% of this year’s bonus payouts in the City of London. However, it seems like the credit crunch has just started sinking its teeth into the markets.
October 29, 2007
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Spread betting made simple…
It was an American gentleman named Charles K. McNeil that first came up with the concept of Spread Betting in the late 1930’s. This form of betting has gradually phased into the UK in the 1980’s.
December 10, 2007
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Investing in Mutual Funds
A mutual fund is simply a financial intermediary that pools money together from hundreds and thousands of investors for the purpose of investing in securities such as stocks, bonds, and other securities with it.
December 14, 2007
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Stockmarket Turmoil to be continued…
The new US inflation data released on Friday have triggered a fresh sell-off in the London stock market, sending stocks lower from Wall Street to Europe and Asia.
December 19, 2007
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The worst is over for the global credit crunch
On the contrary, Kaletsky draws the attention in the ‘lose-lose’ situation that Britain and the whole of Europe (except Germany!) have got themselves into… A rather radical point of view.
January 14, 2008
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Target low… for high returns! – Low grade bonds
A recent research report from major US investment bank has shown that low grade bonds have outperformed high grade, not only for the month December, but also for the whole year.
January 15, 2008
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Goldman Sachs interested in Northern Rock!
Goldman Sachs is tipped to take over Northern Rock loans, writes the Irish independent and features comments from Ian Robinson, head of credit strategy.
January 15, 2008
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Citigroup fires 17,000 people
Citigroup will reduced workforce by 17,000 to 24,000 employees, and it will take writedown of up to $24 billion, CNBC says.
January 15, 2008
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