Archive for the ‘News’

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    Virgin Penetrates Retail Banking Market
    Sir Richard Branson takes another commercial leap and attempts to become one of the key banking service provider in UK by giving a nod to buy the Church House Trust, a petite local private lender in UK. The acceptance of this deal by Financial Services Authority will endow Virgin Money with a banking license, much needed to offer full range of financial products to their customers. After the completion of the acquisition process, Virgin Money plans to nurture its banking business geologically. Currently, Virgin Money offers personal financial services like insurance, pension schemes, and retail credit cards. After acquiring Church House Trust, it will obtain the right to receive money from depositors and lend mortgages. Royal Bank of Scotland and Lloyds has informed that they will divest. However,  [...]
    at January 14th, 2010 at 01:01 am
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    An Expensive Excuse Known As House Tax Credit
    We all believe that the politicians and the congress are really doing something about the economic crises because we hear something about it everyday on the TV news. However, their futile suggestions and ineffective ideas are helping to spawn new ways to splurge more funds than they actually have that wouldn’t help the non-worthy population. We are not anywhere close to declare that the US is now out of the hazardous effects of the bubble that exploded few months ago. And look at what the government is trying to produce: Even bigger bubble. Ok. You love Obama very much and you want to know why I am mauling the innovative ideas of the Fed. Let’s start with the foolishness of providing tax credit to first time home buyers. Firstly, it wasn’t required and you will know why before I conclude  [...]
    at December 10th, 2009 at 01:12 am
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    Consumer Confidence Is Not Equal To Consumer Spending
    Hey investors and sellers don’t rejoice right now! Just wait for some more days before you really celebrate about the information that consumer confidence has improved. We humans are always a in the habit of making assumptions, especially when things look to be happening in our favor. I know after this long drawn recession for a couple of years, after seeing the worst in business, any small drizzle of good news is sure to make you rejoice, but the rains are still far away . You’ve got to wait praying the ‘Economy Gods’ for that. The consumer confidence report released this month by the Conference Board shows a positive trend.  That’s true! The Consumer Confidence Index meter has risen from 47.1 in July to 54.1 in August, the Present Situation Index has also shot up from 23.3 to 24.9  [...]
    at September 3rd, 2009 at 02:09 am