City watchdog, the Financial Services Authority (FSA), has granted a banking licence to Metro Bank - which is set to become Britain’s first new high street lender for more than a century.
Metro Bank, which is backed by US billionaire and former Commerce Bank owner Vernon Hill, is planning to open...
Posted to
Finance
on 03-07-2010
Filed under: All Financial News, Banking News, licence, Financial Services Authority, FSA, expansion, Tesco, Virgin Money, London, Metro Bank, new bank, Anthony Thomson, Vernon Hill
Rightmove has reported that a scarcity of new sellers bumped up asking prices by 3.2% in the four weeks to mid-February, taking the average asking price for a UK home to £229,298.
The figure compares with £222,261 in January, which saw a monthly change of 0.4%.
The leap set a new record for London at...
Posted to
Finance
on 02-16-2010
Filed under: All Financial News, Property News, February, rise, Rightmove, average, London, asking price, sellers, searches, UK home, economic fundamentals, mortgage availability
Around 100 senior employees at Goldman Sachs in London are capping their 2009 pay and bonuses at £1 million each.
The move comes as part of the Chancellor’s super tax, which was introduced to claw back some of the bailout funds used to rescue the banking industry.
According to the BBC, the tax represents...
Posted to
Finance
on 01-25-2010
Filed under: All Financial News, Banking News, results, Barack Obama, cap, London, pay, employees, Goldman Sachs, bonuses, £1m+, super tax, Q4
Wall Street bank Goldman Sachs has today reported its fourth quarter results with net profits at $4.95 billion (£3.06 billion) compared with a loss of $2.12 billion in the same period a year earlier. For the 2009 year, the bank made a net profit of $13.39 billion, up from $2.32 billion in the previous...
Posted to
Finance
on 01-21-2010
Filed under: All Financial News, Banking News, results, rise, expectations, London, Goldman Sachs, beat, US banks, bonuses, super tax, Q4, reporting season