Barclays To Cut 1,000 Investment Banking Jobs Across The Globe
Barclays is planning to cut around 1,000 investment banking jobs across its offices worldwide as a part of sweeping restructuring plan. According to reports, its operations in Asia have borne the brunt of the cuts as investment banking businesses in
Read MoreSteel Unions Pressure British Government To Take Action
The British Government has come under renewed pressure to take action to support the steel industry after Tata Steel announced yet another round of job cuts. Tata Steel is expected to cut around 1,000 jobs at its steel plants which
Read MoreUK Interest Rate Rise Unlikely – For Now
If you are a UK Forex trader then you will no doubt have been pinning your hopes on a rise in interest rates in the UK for quite a time now, and as the UK economy has been doing exceptionally
Read MoreChina Claims Relatively Abundant Forex Reserves Despite Crash
In December 2015, China found its mammoth foreign reserves considered to be the world’s largest, dip to a three year low amounting to $3.3 trillion. Beijing maintained that the $107.9 billion deficit was in part a result of the recent
Read MoreHSBC’s Online Banking Platform Issues Angers UK Customers
HSBC customers in Britain were unable to access internet banking services for two consecutive days during the first week of the New Year. The problem was first noticed on 4 January 2016 when the bank’s online system was shutdown for
Read MoreHSBC Avoids another Fine
Whilst the UK’s Financial Conduct Authority has recently been showing its teeth and forcing many banking institutions to pay huge fines and often compensate customers for what they have decided was unfair businesses practices, one bank that will be breathing
Read MoreIMF’s Lagarde Predicts Global Growth In 2016 To Be Disappointing
The global economic outlook for 2016 is not very positive according to Christine Lagarde, the Managing Director of International Monetary Fund (IMF). Setting forth her views in a guest article in the German newspaper Handelsblatt, she recently predicted that growth
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