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London: Metro Bank, Britain's first new high street lender for over 100 years, opened its first branch to the public — and dogs — yesterday in a move aimed at shaking up the retail banking sector. Co-founded by billionaire US businessman Vernon Hill, Metro Bank hopes to tap into public...
Full Story: Gulf News
WASHINGTON - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities and Exchange Commission announced the settlement with Citigroup on Thursday. It said the...
Full Story: Herald Tribune
Siemens and VW Surge on Roaring Demand From ChinaThe New York Times2010-07-29FRANKFURT — Germany continued to show surprising strength Thursday as a drop in unemployment, coupled along with better-than-expected profit at two of the country’s biggest manufacturers,...
Indo-British relations have come a full circleGulf News2010-07-29New Delhi: Indo-British relations have come a full circle. While Indians see British Prime Minister David Cameron's visit to India, with his 90-member delegation, as an effort to shore up India's...
Slow airplane deliveries hit Boeing profitNZ Herald2010-07-294:00 AM Friday Jul 30, 2010 Email Print MINNEAPOLIS - Boeing's second-quarter profit fell 21 per cent as airplane deliveries and defence revenue fell. Its US$787 million ($1090 million) profit was...
Motorola profits rise with smartphone salesm&c2010-07-29New York - Motorola posted a sharp rise in profits Wednesday as its sales of high margin smartphones rose dramatically, boosted by the success of its iPhone competitor, the Droid X. The US...
Citigroup Said to Pay $75 Million in Subprime CaseThe New York Times2010-07-29Citigroup has agreed to pay $75 million to settle federal claims that it failed to disclose vast holdings of subprime mortgage investments that crippled the bank during the financial crisis, according...
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