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US' SEC Fines UBS $50m For CDO Securities Fraud
UBS misled investors about a risky mortgage-backed bond transaction in 2007.
M Rochan Aug 07, 2013
Standard Chartered Eyes Two Consumer Finance Units Sale to Offset $1bn Korean Business Hit
Jaspal Bindra says bank mulling over SC Capital and SC Savings Bank sale after pre-tax profits tanked 16%
Lianna Brinded Aug 07, 2013
Fitch Attacks Help to Buy: Profit Boost for Banks and Builders but Few New Homes
Fitch Ratings casts doubt over effectiveness of Chancellor George Osborne's Help to Buy scheme in boosting housing supply.
Shane Croucher Aug 06, 2013
British House Prices Rise At Fastest Pace Since 2010
House prices in the three months to July rose 4.6%, compared to a year ago
M Rochan Aug 06, 2013
Britain’s ‘Bad Bank’ Pays Back £6.6bn to Taxpayers
UK Asset Resolution repaid nearly £2bn in the first six months of 2013 alone.
Lianna Brinded Aug 06, 2013
Europe Mixed After Australia's Central Bank Cuts Interest Rates
Australia is struggling to move away from mining-led growth, prompting the RBA to cut rates.
M Rochan Aug 06, 2013
Mission Impossible: UK Government Efforts to Get Banks Lending to Businesses Aren’t Working
Co-founder of Platform Black says all programmes and incentives to get banks lending to SMEs are falling flat
Louise Beaumont Aug 06, 2013
Gold Prices Bounce Back on US Jobs Data But Post Weekly Loss
Spot gold hovered at $1,309.80 (£856.86) an ounce, dropping 1.8% during the week.
M Rochan Aug 03, 2013
Homebuilding Lifts UK Construction Sector to Highest Output Growth Since June 2010
Markit/CIPS PMI survey for July reveals strident UK construction sector as output spikes sharply
Shane Croucher Aug 02, 2013
Federal Judge Approves $590m Citigroup Toxic Mortgage Assets Settlement
Settlement is between Citi and shareholders over billions dollars of toxic mortgage assets.
Debasree Purkayastha Aug 02, 2013
UK Home Prices Rise at Fastest Pace in 3 Years
House prices rose 3.9% year-on-year in July, the sharpest yearly increase since August 2010
Jerin Mathew Aug 02, 2013
Ex-Goldman Trader Fabrice Tourre Found Liable For Fraud in SEC Case
Jury concluded that 'Fabulous Fab' misled investors in sub-prime mortgage investment deal five years ago.
Jerin Mathew Aug 02, 2013
Fed Reserve's Bond Purchases To Continue Till Mid-September
Economists expect US QE taper to begin after September's FOMC meeting.
M Rochan Aug 01, 2013
Ex-Goldman Trader Fabrice Tourre Trial to Resume Deliberations
Jurors will decide whether to hold Fabrice Tourre liable for sub-prime mortgage investment deal in 2007.
Jerin Mathew Aug 01, 2013
Accenture in Talks to Acquire Booz&Co
Accenture to boost growth with purchase of Booz&Co.
Debasree Purkayastha Jul 31, 2013
SEC Fraud Case Against Ex-Goldman Trader Fabrice Tourre Takes Surprise Turn
Tourre's decision not to call other witnesses could work in his favour.
M Rochan Jul 30, 2013
Deutsche Bank Tops Up Litigation Pot by €630m
Litigation cash pile grows as Libor scandal and US residential mortgage-backed securities activity still haunts bank.
Shane Croucher Jul 30, 2013
UBS to Buy Back Stake in Bailout Fund From Central Bank
UBS expects to exercise option to acquire SNB StabFund's equity in fourth quarter.
Jerin Mathew Jul 30, 2013
Government's Plans to Curb Foreign Investment in London Property 'Xenophobic'
London Central Portfolio claims UK economy would lose billions if foreign investment in London property is tapered.
Shane Croucher Jul 29, 2013
UK Home Price Growth Slows Down on Weak First-Time Buyer Demand
Average house price rose 0.3% in July, down from 0.4% in June, according to Hometrack.
Jerin Mathew Jul 29, 2013
RBS, Barclays, HSBC Face $4bn Sub-Prime Fines as UBS Pays $885m to Fannie Mae and Freddie Mac
Deal gives UBS full release from other potential claims related to residential mortgage-backed securities.
M Rochan Jul 26, 2013
Ex-Goldman Trader Fabrice Tourre: Key SEC Evidence Was Just a Silly, Romantic E-mail
Tourre denies helping hedge fund manager John Paulson construct a $2bn fund to bet against for profits.
M Rochan Jul 26, 2013
UK Housing Market Faces 'Massive Strain' from Noughties Baby Boom
National Housing Federation points to millennium baby boom for impending housing crisis
Shane Croucher Jul 22, 2013
China to Make Up for Growth Shortfall With Interest Rate Liberalisation
China allows banks to set their own lending rates as part of its restructuring efforts.
Jerin Mathew Jul 20, 2013
UK Mortgage Lending Surges to 5-Year High on Better Cost And Availability
Housing sector receives boost with mortgage lending in June increasing to £15bn, up 2% from May.
Jerin Mathew Jul 18, 2013
Rightmove Doubles Annual UK Home Price Growth Outlook
All UK regions post on-year price increases for first time in three years due to better borrowing environment
Jerin Mathew Jul 15, 2013
UK Government Housing Schemes Boost Lending to First-Time Buyers
The number of loans advanced to first-time buyers increased by 41.8% on year to 25,100 in May, according to the CML.
Jerin Mathew Jul 12, 2013
George Osborne: No New Property Bubble Despite Soaring UK House Prices
Chancellor George Osborne defends Help to Buy mortgage intervention against criticism it is creating new property bubble.
Shane Croucher Jul 11, 2013
Barratt Developments' Profits Boosted by Help to Buy and Funding for Lending Schemes
Homebuilder says profit for 2012/13 full year would beat the top end of analysts' forecasts.
Shane Croucher Jul 10, 2013
UK Home Prices Surge By Fastest Pace Since January 2010
Government schemes to increase mortgage lending boosted buyer demand
Debasree Purkayastha Jul 09, 2013
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