Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.» Read More
The following collection shows dazzling outdoor pools, including one belonging to a famous actor/producer, pools with views of oceans and nature, and a few fabulous indoor examples.
As Europe works to prop up Spain’s wobbling banks, its leaders still face a problem that plagues the Continent’s increasingly vulnerable financial institutions — a longstanding addiction to the borrowed money that provides the day-to-day financing they need to survive.
David Cameron will tell Angela Merkel on Thursday that she needs to act now to bring the eurozone back from the brink of disaster – a message likely to stoke irritation in Berlin and other eurozone capitals, the Finanical Times reports.
The bargaining has begun over a deal to rescue Spain’s ailing banks, confronting Europe with urgent choices about whether to try to enforce onerous bailout terms on Madrid as the crisis spreads to the region’s largest economies. The NYT reports.
As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money, the New York Times reports.
The outlook for the UK’s economy has steadily worsened, giving the members of the Bank of England’s Monetary Policy Committee (MPC) plenty to chew on when they meet Wednesday and Thursday.
The UK economy will recover somewhat this year and the next, but the situation in the euro zone has big effects on it, Spencer Dale, a member of the Monetary Policy Committee and chief economist at the Bank of England, told CNBC in an interview on Wednesday.
The European bailout of 130 billion euros ($163.4 billion) that was supposed to buy time for Greece is mainly servicing only the interest on the country’s debt — while the Greek economy continues to struggle, the New York Times reports.
For the long-term unemployed, it’s time to start thinking outside of the box and looking for jobs that are obscure, unheard-of or otherwise out of the ordinary.
French President, Francois Hollande has cast himself as the European leader pushing hardest to forge a growth-oriented “new path” through the euro zone’s grinding debt crisis, pitting him against the austerity-minded German Chancellor Angela Merkel, the New York Times reports.
On the same day official figures showed the biggest slide in retail sales figures in two years and one member of the Bank of England’s interest rate-setting committee indicated it would restart its asset purchase program if the economy weakened significantly, 10-year sovereign debt yields fell to record lows.
CNN celebrity interviewer Piers Morgan explained at a lunch party years ago how mobile phones can be hacked, UK newsreader Jeremy Paxman told the Leveson Inquiry on Wednesday.
Outgoing Bank of England policy maker Adam Posen said on Tuesday that he could have done better with his economic forecasting during the financial and euro zone debt crises, and welcomes three reviews of the central bank’s performance that period.
The Institute of Directors has endorsed a radical proposal that recommends replacing part of the UK tax system with a single income tax rate of 30 percent and reducing the government’s share of the national economy to one-third, the Financial Times reports.
Despite efforts at official reassurance, no one really knows the consequences of a Greek exit from the euro zone, or how rapidly big countries like Spain and Italy, and their banks, will feel the effects, The New York Times reports.
London prices have risen 45 per cent over the past three years, compared to only 15 per cent in Geneva, 17 per cent in Paris and 10 per cent in New York, making London ever more expensive (and desirable) than its western peers.
The governor of the Bank of England said on Wednesday that the euro zone is “tearing itself apart without any obvious solution" as he admitted that the UK central bank, the Financial Services Authority (FSA) and the government have been discussing contingency plans to deal with the prospect of a Greek exit from the euro or a collapse in the euro zone “for some time.”
Walking through his high-ceilinged factory here, explaining the production of sheets of copper, M. Brian O’Shaughnessy comes across as a staunch advocate of manufacturing in America.
German lawmakers likely will delay a vote on the euro zone's fiscal compact on budget discipline because the country's main opposition party wants to insert growth-focused measures into the pact, a coalition source told CNBC.
UK food retailer Sainsbury said on Wednesday that it managed to deliver solid quarterly sales growth despite the “wider economic situation remaining uncertain.”