HSBC and First Trust Bank breached SME Loan Rules, says UK regulator
HSBC Holdings plc and First Trust Bank of Northern Ireland breached loan rules by forcing SME’s that were applying for a loan to open...
Bank of England majority against rate rise
Out of the nine members of the Bank of England’s MPC (Monetary Policy Committee), only two voted against keeping interest rates at a record...
Homebase to speed up store closures, UK
Homebase, part of Home Retail Group, plans to cut one quarter of all its stores by 2019, the company announced on Wednesday. Several of...
ECB has no plan to buy corporate bonds, says Luc Coene
Luc Coene, European Central Bank Governing Council member, recently said that despite policy makers purchasing covered bonds for the past two days, there is...
US government to announce Social Security COLA
Millions of older US citizens receiving government benefits sill soon know how much their monthly payments will rise in 2015. Over 70 million American...
Kentucky’s bourbon industry is booming
Over the past two years the number of licensed distilling companies in Kentucky tripled to 31, from 10, according to a report by the Urban...
Coca-Cola sales flat, plans to reduce costs by $3 billion
After disappointing soda sales, the Coca-Cola Company says it plans to reduce costs by $3 billion per year. The world’s biggest drinks maker aims...
Existing-home sales rebound in September in the United States
Existing-home sales in the US in September picked up after declining marginally in August, says the National Association of Realtors (NAR). Gains were seen...
JPMorgan Chase fined $78 million by European Commission
JPMorgan Chase has been fined for over $78 million on Tuesday by European authorities for the manipulation of an international financial benchmark and being...
Tesco plunges as the smaller supermarkets rise
Sales of the world’s second largest retailer Tesco are falling faster than any other UK supermarket chain, while German discounters Lidl and Aldi and...