British-Swiss Tax Shortfall Leave Banks Out of Pocket

The Swiss Bankers Association (SBA) said last Friday that most of their UK resident clients would rather come clean and pay their taxes instead of paying one-off punitive tax payment.


PIMCO Total Return Fund Falls in June

According to a data shown by fund research firm Morningstar, PIMCO Total Return Fund marked its weakest monthly performance last June.

Bond Market Selloff Got Banks Taking Capital Hit

According to analysts, big US banks were caused a multi-billion dollar dent after the selloff in the bond market in the last eight weeks.

Banks Fight for Lloyds, RBS Deals

There are more than a dozen top banks that are finalizing plans to run a GBP20 billion share sale in Lloyds Banking Group.


Latest News

BlackBerry is expected to face tough questions from investors during the annual shareholder meeting as the smartphone maker’s share went down by 28% last week.
Dell Inc’s shares fell more than 3% on Friday after investors grew skeptical if Michael Della and Silver Lake Partners could raise their buyout bid of US$13.65 per share piece.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Italy's biggest bank UniCredit may consider a partnership for its business that manages 42 billion euros ($54.
ChemistDirect obtains more funding totalling US$10 million. The leading online health service, ChemistDirect, had secured new investments totalling US$10 million.
Dell's share values fell 3% as investors become more skeptical as to the financing of the Dell-Silver Lake offer.
Accoriding to an ammendment, Amarc can increase controlling interest in the joint venture. An amendment to the ZNT and Galaxie joint venture was announced by Amarc Resources Ltd.
Glencore acquired 11.6% stake in PolyMet. Glencore Xstrata plc announced the acquisition of 31,756,979 common shares of PolyMet Mining Corp. by Glencore AG, a wholly-owned subsidiary.
Siemens admitted it did not have the capacity to produce 600 carriages that resulted to its withdrawal on the bidding war.
RBC Global Asset Management Inc.'s sales of funds increase in June. RBC Global Asset Management Inc. announced on Friday that June net sales were Can$318 million, comprising of Can$268 million for long-term funds and Can$50 million for money market funds.
Veolia Environment anticipated to earn Eur5 billion from the rich and rapidly growing hydrocarbon industry.