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....The number of home sales in England and Wales fell by 7% in 2016 to 848,857, but dropped most heavily in London, by 18%, and 10% in the south-east. Brent in north London and Berkhamsted in Hertfordshire saw falls of 30% in the number of transactions. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 05:01:21 AM
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....If you are a careful user with a secure PC, and if you only use it on your secure home network, you should not have any problems. However, if you want to perform banking transactions from wherever you happen to be, without taking too many precautions, then it should be safest to use an app over 3G/LTE (turn off wifi and Bluetooth). ... [Read full article on Guardian ]
Thursday 22nd of June 2017 09:55:03 AM
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....The move by the Frankfurt-based ECB – the central bank for the 19 countries using the euro – follows a report by the European commission that called for the EU to have more powers over clearing of financial products denominated in euros after Brexit. The City dominates the market in clearing, a process which is supposed to reduce the risks in complex financial transactions by matching buyers and sellers as well as reducing the cost of trading, through the use of clearing houses. ... [Read full article on Guardian ]
Friday 23rd of June 2017 04:40:12 PM
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....The monitor, who has not yet been named, is due to begin its review of Deutsche’s activities in early July. The monitor – who will happen to be reviewing the period around the US election last year – was put in place as part of a $41m settlement with the US Federal Reserve announced at the end of May after the Fed found that the bank’s US operation did not have strong enough systems to detect suspicious transactions from the period of 2011 to 2015. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 05:38:41 PM
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....Many of you got in contact – and lots reported almost identical experiences. Others complained of problems in other areas (rooms without promised balconies, unexpected transaction fees etc) and were very frustrated that the site declined to help resolve them. ... [Read full article on Guardian ]
Sunday 18th of June 2017 06:00:04 AM
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....These include the Halifax Clarity credit card. It applies MasterCard’s exchange rate at the time you make the transaction. ... [Read full article on Guardian ]
Saturday 24th of June 2017 05:59:00 AM
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Latest Finance News related to Transaction

Holiday car hire: how to avoid the add-ons that can double your bill image
Source : Guardian [Read Article] Saturday 24th of June 2017 05:59:00 AM
....These include the Halifax Clarity credit card. It applies MasterCard’s exchange rate at the time you make the transaction. ...
London could lose out as ECB seeks control of euro clearing after Brexit image
....The move by the Frankfurt-based ECB – the central bank for the 19 countries using the euro – follows a report by the European commission that called for the EU to have more powers over clearing of financial products denominated in euros after Brexit. The City dominates the market in clearing, a process which is supposed to reduce the risks in complex financial transactions by matching buyers and sellers as well as reducing the cost of trading, through the use of clearing houses. ...
House Democrats challenge Deutsche Bank over review of Trump's accounts image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:38:41 PM
....The monitor, who has not yet been named, is due to begin its review of Deutsche’s activities in early July. The monitor – who will happen to be reviewing the period around the US election last year – was put in place as part of a $41m settlement with the US Federal Reserve announced at the end of May after the Fed found that the bank’s US operation did not have strong enough systems to detect suspicious transactions from the period of 2011 to 2015. ...
Is it safer to use an app or a browser for banking? image
Source : Guardian [Read Article] Thursday 22nd of June 2017 09:55:03 AM
....If you are a careful user with a secure PC, and if you only use it on your secure home network, you should not have any problems. However, if you want to perform banking transactions from wherever you happen to be, without taking too many precautions, then it should be safest to use an app over 3G/LTE (turn off wifi and Bluetooth). ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
....The number of home sales in England and Wales fell by 7% in 2016 to 848,857, but dropped most heavily in London, by 18%, and 10% in the south-east. Brent in north London and Berkhamsted in Hertfordshire saw falls of 30% in the number of transactions. ...
Is Booking.com breaking its ‘free cancellation’ pledge? image
Source : Guardian [Read Article] Sunday 18th of June 2017 06:00:04 AM
....Many of you got in contact – and lots reported almost identical experiences. Others complained of problems in other areas (rooms without promised balconies, unexpected transaction fees etc) and were very frustrated that the site declined to help resolve them. ...
Ex-Barclays director who backed Vote Leave appointed City minister image
Source : Guardian [Read Article] Wednesday 14th of June 2017 04:45:30 PM
.... Before Barclays he had worked at the City regulator, the Financial Services Authority, and has previously said that attempts to clean up the financial sector from money laundering were flawed. In 2014, Barclay said: “When there is a high-risk multimillion-pound transaction, the bank files a suspicious activity report, but 93% of the reports are never read. ...
Brussels plan could force euro clearing out of UK after Brexit image
Source : Guardian [Read Article] Tuesday 13th of June 2017 06:05:20 PM
....While the plans stop short of forced relocation after Brexit in 2019, they would give the EU greater oversight and the power to compel “systemically important” firms to move to the continent in the name of protecting financial stability. London is the global centre of euro-clearing, which involves processing transactions worth about €1tn (£880bn) a day, making the market a key part of Britain’s financial services industry. ...
Foreign investors snapping up London homes suitable for first-time buyers image
.... At Baltimore Wharf, a development in the Isle of Dogs, where apartments started at £400,000, 87% of the 2,999 apartments were sold to foreign investors and 40% of those were based in high corruption risk jurisdictions, according to TI. Buyers from Hong Kong and Singapore accounted for almost half of all transactions by foreign buyers, followed by Malaysia and China, according to the mayor’s research. ...
House price inflation in April at six-month high, official figures show image
....6%. “That said, transactional volume was down on a month-on-month basis, and it is reported that both buyer and seller demand dwindled – no doubt a knee-jerk reaction to the news of a snap election. ...
House sales in Greater London slump by almost a third in a year image
Source : Guardian [Read Article] Monday 12th of June 2017 06:01:18 AM
....Figures from HMRC showed a huge spike in sales during March, while mortgage lenders reported a surge in activity after a new stamp duty surcharge came into force on 1 April 2016. But while a sharp fall from that peak may have been expected, transactions in the capital were down markedly when compared with 2015’s figures, Your Move said, showing a drop of 19%. ...
As we wave goodbye to cash, ATMs have had to get a whole lot smarter image
Source : Guardian [Read Article] Saturday 10th of June 2017 05:59:18 AM
.... The closure of bank branches is actually an opportunity for new-style smart ATMs, which will be the ‘touch point’ for you and your money on the high street and in shopping centres. We will be able to carry out 99% of the transactions we do in bank branches at ATMs instead. ...
Germany fears big losses over tax scandal image
Source : BBC [Read Article] Thursday 8th of June 2017 11:14:16 PM
....And that - in some cases - they turned a blind eye to practices employed, not just by individuals out to make a fortune, but by some of the country's biggest banks and respected businesses. We may never really know the full extent of those practices; largely because they involved fiendishly complex transactions, which German media broadly divide into two kinds. ...
Co-op Bank draws interest from Qatar conglomerate image
Source : Guardian [Read Article] Thursday 8th of June 2017 03:30:28 PM
....In 2013, the bank found the capital it needed in a rescue deal led by hedge funds, who will now be influential in determining the outcome of any discussions with potential bidders. The City believes the most likely outcome to the bank’s latest fundraising exercise will involve hedge funds stumping up the cash, as part of a transaction involving the bank’s bond holders and issuing new shares. ...
BT drops PwC following Italian accounts scandal image
Source : BBC [Read Article] Thursday 8th of June 2017 01:56:30 PM
....The scandal at BT Italia emerged after a whistleblower informed executives in 2016 of the problems. An subsequent investigation by KPMG found "improper accounting practices and a complex set of improper sales, purchase, factoring and leasing transactions", which meant profits in the Italian business had been overstated for a number of years. ...
Will we pay higher stamp duty as my girlfriend has inherited property? image
.... If we owned our current flat and were selling it, we would not face higher stamp duty on the new-build as we would be deemed to be selling one main residence and moving into another one. Moreover, the higher rate of stamp duty applies to the entirety of the transaction. ...
Election exacerbating UK property slowdown, say surveyors image
Source : BBC [Read Article] Wednesday 7th of June 2017 11:19:01 PM
....2% over the last quarter. "The latest survey suggests that uncertainty related to the general election may have contributed to what appears to have been a disappointing level of transactions in the housing market over the spring," said Simon Rubinsohn, Rics chief economist. ...
UK households cut back as Brexit effect on pound hits living costs image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
....8% year on year in May, the weakest for 10 months. The company, which processes nearly half of UK credit and debit card transactions, said shoppers cut their spending on goods such as food and clothes but still found money for experiences, such as cinema trips as Guardians of the Galaxy Vol. ...
Rise of the machines: who is the ‘internet of things’ good for? image
Source : Guardian [Read Article] Tuesday 6th of June 2017 04:30:13 AM
.... It is an asset, and you can be sure that Amazon will exploit it in every way its terms and conditions permit – including by using it to develop behavioural models that map our desires in high resolution, so as to target them with even greater efficiency in the future. Again, the aim of devices such as the Dash Button is to permit the user to accomplish commercial transactions with as little conscious thought as possible – not even the few moments it takes to tap out commands on the touchscreen of a phone or tablet. ...
It’s part-eBay, part-Instagram, but is Depop safe for your teenagers? image
.... “The payment email was a clever fake and soon after the thief’s Depop account had been deleted,” Fry says. She has since learned that because the transaction was made outside the Depop app’s payments system she has no protection and has lost her money. ...
India's slowing growth blamed on 'big mistake' of demonetisation image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:31:26 PM
....7%. The cash recall was intended to hasten the country’s transition towards a formal economy and close down the booming economy of untaxed cash transactions, which aid corruption, the funding of terrorist groups and keeps counterfeit notes in circulation. ...
Venezuela opposition condemns Goldman Sachs debt deal image
Source : BBC [Read Article] Tuesday 30th of May 2017 10:33:46 PM
...."Goldman Sachs' financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country," said Julio Borges, head of Venezuela's Congress, in a letter to Goldman Sachs president Lloyd Blankfein. "Given the unconstitutional nature of Nicolas Maduro's administration, its unwillingness to hold democratic elections and its systematic violation of human rights, I am dismayed that Goldman Sachs decided to enter this transaction. ...
Goldman Sachs condemned for buoying Venezuela with $2.8bn bond purchase image
....8bn issued by the state oil company Petróleos de Venezuela (PDVSA) – paying about 31 cents on the dollar for the bonds. Borges said the “fire sale nature” of the deal showed the embattled president, Nicolás Maduro, did not have the country’s best interests in mind when he agreed to the transaction. ...
Travelex to withdraw Supercard due to ‘high costs’ image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
....Existing customers can continue to use it in foreign stores until close of play on 23 July. Previous transactions will be available to view until 24 October via the app. ...
Student housing tempts wealthy investors image
Source : Guardian [Read Article] Friday 26th of May 2017 05:08:32 PM
....5bn – were sold to overseas investors. The largest transaction was the purchase by the property arm of Temasek, the Singapore state investment fund, of a portfolio of 25 student buildings in several cities including London and Manchester. ...
Contactless payment fraud soars to £7m image
Source : BBC [Read Article] Thursday 25th of May 2017 11:37:11 PM
....A judge recently slammed the technology, which does not require a PIN, for making life "too easy" for criminals during the sentencing of a fraudster in Devon. Contactless cards can be used for transactions of up to £30. ...
Housing market moving sideways, lenders say image
Source : BBC [Read Article] Thursday 25th of May 2017 10:28:25 AM
....Earlier this week, HM Revenue and Customs reported a 22. 5% drop in property transactions in April, compared to March. ...
Debit cards set to overtake cash as most frequently used payment method in UK image
Source : Daily Express [Read Article] Thursday 25th of May 2017 12:00:00 AM
....Its figures show that debit cards were used 11. 6 billion times in 2016 - with just over one in five of these transactions made using contactless. ...
Ineos buys Dong Energy's oil and gas business in £1bn deal image
Source : Guardian [Read Article] Wednesday 24th of May 2017 04:16:05 PM
....When the sale completes in the third quarter, Dong will be left to focus on its core business of developing and selling windfarms, such as the one it recently built off the Liverpool coast using the world’s biggest turbines. Henrik Poulsen, the company’s chief executive, said: “The transaction completes the transformation of Dong Energy into a leading pure play renewables company. ...
Google plans to track credit card spending image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:13:45 PM
....Google Attribution will allow advertisers to see whether online ad campaigns generate offline sales. Announcing the service, Google said that it captures around 70% of credit and debit card transactions in the US. ...
Ineos to buy Dong Energy's oil and gas arm in £1bn deal image
Source : BBC [Read Article] Wednesday 24th of May 2017 10:30:50 AM
....3bn (£1bn). The transaction includes production, development and exploration sites off Denmark, Norway and west of Shetland. ...
Not just Bitcoin... image
Source : BBC [Read Article] Wednesday 24th of May 2017 09:07:22 AM
.... . Mr Rosenblatt, one of the people in attendance, works with smaller investment firms and start-ups, navigating issues relating to coin offerings and "smart contracts", which use similar technology to enforce and verify business transactions. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
.... “Extensive efforts were made to find a buyer and buyers certainly had a chance to bid in any format,” he said. “The transaction was effectively to sell control of Jaeger, including its brand, and was done without insolvency. ...
Further signs of UK property slowdown in April image
Source : BBC [Read Article] Tuesday 23rd of May 2017 10:32:02 AM
....There were further signs of a slowdown in the property market in April, as the number of sales fell significantly, while fewer people took out mortgages. The number of residential property transactions in the UK dropped by 22. ...
How can Macron unite Europe? He could start with its armies | Hans-Werner Sinn image
....Germany’s powerful constitutional court has already made it clear that eurozone bailouts and other interventions represent the outer limits of what is possible under the country’s basic law. The court may have deferred to the European court of justice on the question of the European Central Bank’s “outright monetary transactions” scheme, but it will not be able to do the same with respect to fiscal sovereignty, because the constitution is clear and the ECJ has no standing to interpret German constitutional law. ...
RBS could rob us of the chance to see Fred Goodwin grilled in court | Nils Pratley image
.... The chief executive of London Stock Exchange thinks costs to investors could increase by €100bn (£86bn) over five years if the European Union, after Brexit, insists on moving large chunks of clearing activity to its own patch. Clearing, in this context, means the settlement of financial transactions. ...
Could citizens’ wealth funds halt the dominance of the financial elite? image
....Part of the finance could come from the revenue from natural resource exploitation – from minerals (including shale gas) and land to the licencing of the airways. Other sources could include occasional one-off taxes (paid in shares) on windfall profits, and a direct charge on those financial and commercial transactions – such as merger and acquisition activity – which redistribute corporate wealth upwards. ...
Ebay accused of failing its sellers as fraudulent buyers manipulate the system image
....It is a year since The Observer reported that eBay had introduced a pilot programme to address issues around similar problems. At the time, critics claimed its measures to protect buyers from dodgy transactions left sellers at the mercy of fraudsters who can manipulate the system to effectively steal goods. ...
HSBC voice recognition system breached by customer's twin image
Source : Guardian [Read Article] Friday 19th of May 2017 02:31:12 PM
....The HSBC system asks users to say “my voice is my password” into the phone, which is then matched to an original recording of the person’s voice, allowing access to their account. According to the BBC, the breach did not allow Joe Simmons to withdraw money, but he was able to access balances and recent transactions, and was offered the chance to transfer money between accounts. ...
Just Eat and Hungryhouse merger faces competition probe image
Source : BBC [Read Article] Friday 19th of May 2017 06:54:56 AM
.... . Earlier this month, Just Eat noted that the CMA intended to begin an in-depth investigation and said it was "committed to demonstrating to the CMA that the market is, and will remain, competitive following completion of the proposed transaction". ...
Seeing red when Delta Air debited me twice for plane tickets image
Source : Guardian [Read Article] Friday 19th of May 2017 06:00:48 AM
.... Four days later I discovered the available balance on my current account had decreased by a further £1,047. My bank, HSBC, explained that this was a pending transaction to Delta Air, despite the fact that the fare had already left my account. ...
BBC fools HSBC voice recognition security system image
Source : BBC [Read Article] Friday 19th of May 2017 12:21:00 AM
....Customers simply give their account details and date of birth and then say: "My voice is my password". Although the breach did not allow Joe Simmons to withdraw money, he was able to access balances and recent transactions, and was offered the chance to transfer money between accounts. ...
Anything to declare? image
Source : BBC [Read Article] Wednesday 17th of May 2017 11:01:47 PM
.... . So with transactions made via the three companies' websites and apps, travellers who are due to fly from country B to country A can purchase and transport the products for the buyers. ...
Samsung Pay launches in UK to take on Apple Pay and Google Android Pay image
....Wood said: “Mobile payments have taken off more slowly than expected, but there are encouraging signs of progress. In its latest earnings call Apple revealed that Apple Pay transactions had grown 450% year on year and it has previously stated that one million users have signed up on a weekly basis. ...
Labour manifesto: Extra £48.6bn in tax revenue to fund pledges image
....Shadow cabinet member Sarah Champion told the BBC the water proposal was "an intent" and that Labour would "need to look at the legislation". Labour has already made a series of tax pledges, including increasing corporation tax from 19% to 26% and a "Robin Hood" tax on financial transactions, to fund multi-billion pound spending commitments on health, education and policing. ...
House prices in UK shift to lower gear image
Source : BBC [Read Article] Tuesday 16th of May 2017 10:33:40 AM
....". Sarah Beeny, owner of estate agent Tepilo, said: "Homeowners should not worry about a crash as the chronic shortage of properties available - the main reason sales transactions are down - will ensure prices remain buoyant. ...
Banks 'must show action' in fraud cases image
Source : BBC [Read Article] Monday 15th of May 2017 11:01:27 PM
....The issue of bank transfer scams was raised by Which? last year when it submitted a "super complaint" - a legally-backed demand for a review - to the Payment Systems Regulator (PSR). Which? wanted banks to refund consumers in cases where victims had accidentally transferred money to a fraudster, similar to the protections provided on credit card transactions. ...
Labour reveals 'fat cat' tax pledge aimed at reining in excessive pay image
.... Those proposals, which were not included in last week’s leaked draft manifesto, will be published in a separate document. Money for a series of giveaways will come from reversing corporation tax and inheritance tax cuts and a proposal to hit City transactions with a “Robin Hood tax”. ...
Hidden loot: You wont believe the number of Britons that hide CASH under their bed image
....Jamie Smith-Thompson, MD at Portafina, said: "From a psychological point of view, people still like physical notes and coins because it is tangible wealth and financial security in the palm of their hand. "It will take a few years for people to feel comfortable with just a number on a screen - even if 'going cashless' in the long run makes tracking spending and completing financial transactions simpler, easier and safer. ...
General election 2017: Tory housing plan 'paid from existing budget' image
....". In other general election news, Jeremy Corbyn's party said it would impose a tax on financial transactions to raise billions of pounds for public services. ...
May to appeal to low-paid voters with new social housing pledge image
Source : Guardian [Read Article] Saturday 13th of May 2017 09:00:05 PM
....”. Meanwhile, Labour plans to bring in a “Robin Hood tax” on financial transactions if it wins the general election, in a move to raise billions more for public services. ...
Just do it: the experience economy and how we turned our backs on ‘stuff’ image
.... And there is science behind it, but it’s also very simple: regardless of political uncertainty, austerity and inflation, we are spending more on doing stuff, choosing instead to cut back on buying stuff. The latest figures come from Barclaycard, which processes about half of all Britain’s credit and debit card transactions. ...
My walk, my signature image
Source : BBC [Read Article] Thursday 11th of May 2017 11:16:00 PM
....". The way humans interact with devices is very different to the way malware operates, so even if your phone is infected, lying in wait for you to log in before hi-jacking your secure transaction, behavioural biometrics should be able to spot the difference. ...
'Stagnant' buyer demand puts the brakes on UK housing market image
Source : Guardian [Read Article] Wednesday 10th of May 2017 11:01:33 PM
....Some parts of London appear to have been hit particularly hard, with estate agents and developers resorting to offering free cars and other incentives to try to tempt buyers. Rics said its members had reported that sales were slipping slightly following months of flat transactions. ...
21st Century Fox hit by lack of blockbusters image
Source : BBC [Read Article] Wednesday 10th of May 2017 09:14:26 PM
....What is going on at Fox News, and could it affect Sky bid?. "We remain confident the proposed transaction will be approved by the end of the calendar year following a thorough review process," said executive chairmen Lachlan and Rupert Murdoch. ...
Expedia money saving: How to slash 12% price from of holiday and flight bookings image
....Money is paid into a user's account once the cashback is tracked and confirmed by the partner company. The time frame to receive money back depends upon the individual company - with some firms faster at confirming transactions than others. ...
Home sales in COLLAPSE: Lenders pull the plug after surveyors downgrade values  image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 01:57:00 PM
....Mr Harris added: "Vendors are beginning to appreciate that their homes aren’t worth as much as they thought so we are seeing price drops in some areas. "This is ultimately better for everyone as people who need to sell will be able to and those who want to buy will also be able to, resulting in a higher number of transactions and better fluidity in the market. ...
Vodafone axes pager business 'based on ageing technology' image
Source : Guardian [Read Article] Wednesday 10th of May 2017 11:37:13 AM
....The telecoms group said it was ditching plans to sells the business to Capita’s PageOne, and would instead close it after the Competition and Markets Authority announced plans to launch an in-depth investigation into the deal. “Due to the expense involved with a prolonged investigation, Vodafone will not pursue the transaction and has made the decision to close down this business, which is based on ageing, standalone technology no longer supported by network vendors,” a spokesperson for the company said. ...
Just Eat faces competition inquiry over Hungryhouse takeover image
Source : Guardian [Read Article] Wednesday 10th of May 2017 07:38:30 AM
....The company said it would cooperate with the regulator. “Just Eat looks forward to cooperating with the CMA and is committed to demonstrating to the CMA that the market is, and will remain, competitive following completion of the proposed transaction,” it said in a statement. ...
Vodafone to close down pager business after CMA shock image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:55:15 AM
....A spokesman for Vodafone said: "This seems to be a surprising decision considering that this market has been contracting for some time and no other country in Europe has more than one wide area paging network. "Due to the expense involved with a prolonged investigation, Vodafone will not pursue the transaction and has made the decision to close down this business, which is based on ageing, standalone technology no longer supported by network vendors. ...
Dell’s £720 charge doesn’t compute – we hadn’t even placed an order image
....This is a mystifying case. Dell insists it has no record of any payment even though you’ve sent screenshots of the transaction. ...
Warren Buffett: cutting jobs is standard capitalist formula image
Source : Guardian [Read Article] Monday 8th of May 2017 03:52:00 PM
.... “Our intention was to proceed on a friendly basis only. As it became clear that Unilever did not wish to pursue a transaction we withdrew the offer. ...
Debit card control lets you 'turn off' card to beat scams image
Source : BBC [Read Article] Sunday 7th of May 2017 11:19:09 PM
....Online shopping scams, for example, could lead to significant losses for victims, if banks were not able to step in before payments went through. The bank claims that its option to control debit card use - such as blocking remote use and plans to introduce a temporary block on any transactions - was a first among High Street banks. ...
Is it safe to manage currency transfers on your phone? image
Source : Daily Express [Read Article] Friday 5th of May 2017 03:10:00 PM
....Now some leading currency brokers are offering their own currency transfer apps, making it quicker and easier to send money overseas 24/7. Some of these apps allow you to see live exchange rates, track your transfers, view your transaction history and set rate alerts. ...
Société Générale to pay £815m to settle Libyan lawsuit image
Source : Guardian [Read Article] Thursday 4th of May 2017 01:57:33 PM
....”. The French bank has previously been issued with requests for documents over Libyan-related transactions by the US Department of Justice and the Securities and Exchange Commission. ...
Bank of mum and dad 'involved in 26 per cent of property transactions in 2017'  image
.... . The findings put the Bank of Mum and Dad on a par with the ninth largest mortgage lender in the UK and will be involved in 26 per cent of all property transactions that take place in the UK market this year. ...
Parents '10th biggest mortgage lender' image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:52:41 AM
....Parents will lend £6. 5bn this year, according to insurer Legal and General, and be involved in 26% of all UK property transactions. ...
'Bank of mum and dad' to lend £6.5bn this year, report predicts image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 05:01:18 AM
....5bn this year to help their children get on the property ladder as first-time buyers continue to struggle to afford homes. This is a 30% increase on the £5bn loaned in 2016, according to research from Legal & General and economics consultancy Cebr, and means parents will be involved in more than 25% of UK property transactions. ...
Niger 'cleared' over Areva uranium deal image
Source : BBC [Read Article] Friday 28th of April 2017 04:54:04 PM
....Their complaint alleges embezzlement of public funds, money laundering, forgery and conspiracy to defraud. According to the parliamentary inquiry: "A transaction took place indeed between Sopamin [a local mining company], Areva and other international partners. ...
RBS and Lloyds IT faults cause online banking frustrations image
Source : Guardian [Read Article] Friday 28th of April 2017 03:24:55 PM
....”. The problems did not appear to be preventing customers from using cash machines or completing card transactions in shops, as was the case with previous IT issues. ...
Google and Facebook duped in huge 'scam' image
Source : BBC [Read Article] Friday 28th of April 2017 10:47:03 AM
....The man accused of being behind the scam, Evaldas Rimasauskas, 48, allegedly posed as an Asia-based manufacturer and deceived the companies from at least 2013 until 2015. "Fraudulent phishing emails were sent to employees and agents of the victim companies, which regularly conducted multimillion-dollar transactions with [the Asian] company," the US Department of Justice (DOJ) said in March. ...
House prices fell again in April, Nationwide says image
Source : BBC [Read Article] Friday 28th of April 2017 07:25:06 AM
....Also last week, the latest figures from HM Revenue and Customs (HMRC) showed that the number of property sales remain static. On a seasonally-adjusted basis, property transactions have generally been close to the 100,000 mark each month for the last three years. ...
RBS reports first quarterly profit since 2015 image
Source : Guardian [Read Article] Friday 28th of April 2017 06:57:09 AM
....RBS still highlighted a number of legal matters including the Russian money laundering scandal reported by the Guardian. “Allegedly certain European banks, including RBS and 16 other UK based financial institutions, and certain US banks, were involved in processing certain transactions associated with this scheme,” RBS said, adding it was “responding to requests for information from” regulators. ...

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