Park Row told to repay millions by FSA
Leeds-based independent financial advice company, Park Row Associates, has failed to give suitable advice, according to the Financial Services Authority (FSA) and has therefore been ordered to pay compensation to customers.
The City Watchdog has established that customers of Park Row Associates were at risk of receiving unsuitable advice about all of its financial products.
Customers who [...]
[ Published on :
Thu, 25 Feb 2010 11:37 ]
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Senate talks close in on deal for Wall Street regs
(AP)
 AP - More than a year after Lehman Brothers collapse set off a financial panic, Senate negotiators appear close to resolving a narrow dispute that was holding up broad legislation to set new rules for Wall Street.
[ Published on :
Tue, 02 Mar 2010 10:37 ]
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Washington REIT to name John McDaniel chairman
(AP)
AP - Washington Real Estate Investment Trust said on Thursday that John P. McDaniel is expected to be named as chairman of its board of trustees at its May 18 annual meeting.
[ Published on :
Fri, 19 Feb 2010 09:56 ]
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Former Government adviser calls for credit card investigation
Dr Ros Altmann, a former Downing Street pensions adviser, believes there should be an inquiry into the profit margins of credit card companies.
Dr Altmann, who is a former academic and independent expert on pensions policy and retirement, believes there might be a case for a regulator to oversee the rates they charge.
Last week, [...]
[ Published on :
Mon, 22 Feb 2010 05:57 ]
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American Equity execs to pay $1M in SEC probe deal
(AP)
AP - American Equity Investment Life Holding Co. on Wednesday said two top executives will pay more than $1 million in penalties as part of a settlement of a Securities and Exchange Commission inquiry into disclosures on a company proxy statement.
[ Published on :
Fri, 05 Mar 2010 02:43 ]
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A Fresh Start
(BusinessWeek)
BusinessWeek - On my first day at Yale (Yale Executive MBA Profile), Deputy Dean Stan Garstka told me the experience of Yale would not only provide me with a world-class education but also change who I am and how I think about business. He was right. I started the second year at business school feeling I was coming into my own with a new perspective. Business concepts that felt so loosely woven together over the course of the first year have become the foundation for classes in the second. Financial Management has led to Corporate Finance and Investor. ...
[ Published on :
Mon, 15 Feb 2010 09:33 ]
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Volcker sees no threat to dollar as reserve currency
(Reuters)
Reuters - Paul Volcker, the former Federal Reserve chairman who is advising the Obama administration, said the U.S. dollars role as the worlds reserve currency is likely not in jeopardy, but warned central bankers to keep a close eye on inflation.
[ Published on :
Tue, 02 Mar 2010 05:14 ]
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Iceland seeks swift new Anglo-Dutch debt accord
(Reuters)
 Reuters - Icelands government pledged on Sunday to restart talks and swiftly reach a new debt accord with Britain and Netherlands, a day after Icelanders crushed in a referendum the previous $5 billion Icesave deal.
[ Published on :
Mon, 08 Mar 2010 10:33 ]
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Air India gets $173M government cash injection
(AP)
AP - India approved a cash infusion for ailing national carrier Air India Thursday, part of an expected $432 million bailout of a company many once considered a proud symbol of the nation.
[ Published on :
Fri, 19 Feb 2010 09:56 ]
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Oil rises towards $81; China signals continued stimulus
(Reuters)
 Reuters - Crude climbed on Friday, capping two consecutive weeks of trading above $80, after China signaled it would maintain its economic stimulus, rekindling hopes for accelerating growth to drain excess oil supplies.
[ Published on :
Fri, 05 Mar 2010 09:28 ]
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