Financial Services Authority (FSA): Too small for the banks or too big for the inspiring entrepreneurs?

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Since 2007’s Northern Rock crisis, the world’s financial market has been tumbled like being destroyed by tsunami. Lehman Brothers, Bear Sterns, HBOS, Fanny May and Freddie Mack, and then now onto the eurozone crisis in PIIGS (Portugal, Italy, Ireland, Greece, and Spain). It has somehow identified with Swedish pop legend ABBA’s song lyric: “Money! Money! [...]

Banks must ringfence savers deposits by 2019

New recommendations introduced by the banking committee are set to ensure that savers deposits are ring fenced, effectively separating the investment and retail arms of the banks. This follows in the wake of the banking crisis where the tax payer ended up bailing out several of the banks. That’s eight years to prepare and almost [...]

Bank charges and cheques

Sometimes you open your bank statement and you get a nasty shock. Not only has the cheque you wrote for the last utility bill bounced, but your bank has charged you for the privilege. And it’s not the first time it’s happened, so your previously spotless credit rating could be in danger. When cheques bounce [...]

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