British banking group Lloyds has announced it’s intention to purchase credit card company MBNA. The deal which is expected to be completed in the first half of 2017 will see the UK banking group pay £1.9BN to MBMA’s current owners Bank of America. This deal is seen as a good fit which should complement Lloyds … Read more
Barclays (FTSE:BARC) the UK banking group has announced it has agreed to sell its French retail banking unit to AnaCap Financial partners for an undisclosed sum. The company announced in April that it was in talks to release its French consumer operations. This latest sale to AnaCap Financial Partners is further evidence of the company’s … Read more
US social networking giant Facebook (NASDAQ:FB) has announced that it plans to increase its UK workforce by over 50% in 2017. The latest announcement, made at the Confederation of British Industry conference will see the company hire an estimated 500 new employees. Most will be located in the company’s new London headquarters which is due … Read more
Google (NY) has announced that it plans set up a new headquarters in London by 2020. Experts anticipate that this latest announcement could provide an investment of up to £1BN in the UK economy. The company currently employs around 4,000 people in the UK. The latest plans are expected to see this number reach nearer … Read more
The dollar has continued to show strong gains in currency markets as traders continue to sell off bonds and switch to dollar back assets. Yields in many bonds have hit their high list levels in over six months. The current sell-off in the bond market comes as a result of increased expectations of an interest … Read more
Europe’s largest bank HSBC (LON:HSBA) has reported tumbling profits in its third quarter results swinging to a $204 net loss. Pre-tax profits fell by 86 per cent to just $842m from $6.1bn last year. The loss was widely anticipated by the markets. The sale of its Brazilian operations to Banco Bradseco for $5.2bn resulted in … Read more