UK watchdog begins competition review of mortgage market

[Buzz_Burner_Fresh_Updates] UK watchdog begins competition review of mortgage market – reuters.com LONDON, Oct 7 (Reuters) – Britain’s financial watchdog said on Wednesday it was starting a review of the mortgage market to identify potential areas where competition may not be working well or could be improved. Continue Reading On reuters.com »  

UK's Labour says to launch "radical review" of economic institutions

[Buzz_Burner_Fresh_Updates] UK's Labour says to launch "radical review" of economic institutions – reuters.com BRIGHTON, England, Sept 28 (Reuters) – Britain’s opposition Labour Party will launch a “radical review” of the national institutions that manage the economy, including the Bank of England, its finance spokesman will say on Monday. Continue Reading On reuters.com »  

UK government sells more Lloyds shares, cuts stake to below 12 pct

[Buzz_Burner_Fresh_Updates] UK government sells more Lloyds shares, cuts stake to below 12 pct – reuters.com LONDON, Sept 25 (Reuters) – Britain’s government has reduced its holding in Lloyds Banking Group to below 12 percent, taking the bank closer to full privatisation following a taxpayer bailout in the 2008/09 financial crisis. Continue Reading On reuters.com » […]

Liberty Reserve founder must face $6 bln laundering case in U.S. + MORE

[Buzz_Burner_Fresh_Updates] Monte Paschi reaches deal with Nomura on Alexandria trade – reuters.com MILAN, Sept 23 (Reuters) – Monte dei Paschi di Siena said on Wednesday it had reached an agreement with Nomura International for the early termination of the so-called Alexandria derivative trade that has been bleeding money at the Italian lender. Continue Reading On […]

UPDATE 1-Swiss Re unit to buy Guardian Financial for 1.6 bln pounds + MORE

[Buzz_Burner_Fresh_Updates] China's ICBC Leasing says signed order with Boeing for 30 737-800 aircraft – reuters.com BEIJING, Sept 23 (Reuters) – China’s ICBC Financial Leasing Co said on Wednesday it signed an agreement with Boeing Co to buy 30 737-800 jets. Continue Reading On reuters.com » UPDATE 1-Swiss Re unit to buy Guardian Financial for 1.6 […]

EU deal on financial transactions tax 'within reach' – Moscovici + MORE

[Buzz_Burner_Fresh_Updates] EU deal on financial transactions tax 'within reach' – Moscovici – reuters.com LUXEMBOURG, Sept 12 (Reuters) – Political agreement is close on a tax on financial transactions after talks on Saturday between finance ministers of the 11 European Union countries willing to introduce the levy, EU Economics Commissioner Pierre Moscovici told reporters. Continue Reading […]

Tesco sells South Korean unit to MBK-led group for $6.1 billion

[Buzz_Burner_Fresh_Updates] Tesco sells South Korean unit to MBK-led group for $6.1 billion – reuters.com LONDON/SEOUL (Reuters) – Britain’s Tesco has agreed to sell its South Korean business to a group led by private equity firm MBK Partners for $6.1 billion, the supermarket company said on Monday, making its first major disposal since it hit financial […]