Finance and Banking

On Monday, Engineers in the UK advised George Osborne, UK Chancellor of the Exchequer, to use Tuesday’s emergency budget to ensure the government’s planned Investment commitment in the Green Investment Bank is reaffirmed. The engineers requested the Chancellor to offer government commitment and...
The North West Regional Development Agency (NWDA) announced the appointment of six fund managers responsible for the European backed business loan fund. The loan fund, an estimated £185 million, will cater for business in the region and constitutes a grant of £92.4 million from the European...
Banco Santander SA (STD), a Spanish bank, emerged as the lone bidder for Royal Bank of Scotland Group PLC’s 318 branches in the UK. It is expected that the Spanish bank will now go into exclusive talks with RBS in a few days time, a privy source reported on Tuesday. If the talks succeed, Santander...
Spain’s biggest banker, BBVA, is said to be in talks with National Australia Bank in a bid to acquire the Australian bank’s businesses in Yorkshire and Clydesdale in Britain. This potential investment, expected to value the UK business at £2 billion is being made in the wake of NAB’s withdrawal...
 Prudential reported that it’s currently in talks with AIG over the terms of its planned £24.5 billion takeover of AIA (Asian arm of AIG’s operations); however, there was no certainty it would lead to a change of the takeover terms. The company was forced into rethinking its proposed...
The United Kingdom is both the single most internationally focused financial market in the entire world as well as a leading global financial services centre. Out of the services sectors’ 73% contribution to GDP, a major chunk comes from the financial services, especially banking and insurance....
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