Financial Archives · Page 7 of 100

Effect of the UK Economy and Political Uncertainty on Interest Rates

Published by Pete Nisbet on July 8, 2017

The UK Economy is failing to gather any momentum, a situation exemplified by recent data from the Office for National Statistics (ONS). This showed that Britain’s trade deficit increased in Ma [...]

Worldpay Shares Rocket After Vantiv and JP Morgan Takeover Rumors

Published by Pete Nisbet on July 5, 2017

Worldpay shares have jumped significantly after the payments processing firm announced a potential takeover bid. Shares in Worldpay increased almost 28% after the company stated that preliminary approaches had been made from Vantiv and JPMorgan, two major players in the US payment systems industry. [...]

Banco Popular Failure: Popular to Seek Partners to Purchase Toxic Assets

Published by Pete Nisbet on July 3, 2017

Santander took on A result of the Spanish Banco Popular failure is that the bank is to seek partners for the purchase of toxic loans and assets. The bank owns a number of repossessed real estate and real estate loans that it wants to convert to cash in the wake of its takeover in May by Santander. B [...]

ZhongAn IPO Filed in Hong Kong: IPO Values Firm at $1.5 Billion

Published by Pete Nisbet on July 1, 2017

ZhongAn IPO: ZhongAn Online Property and Casualty Insurance Co Ltd had filed in Hong Kong for an initial public offering. The offering is valued at up to $1.5 billion. The company is the first insurance firm in China to operate only on the internet. According to the Thomson Reuters publ [...]

Steel Import Tariffs and Other Tariffs on the Cards According to Trump

Published by Pete Nisbet on July 1, 2017

Steel import tariffs are likely to be imposed if Donald Trump gets his way. He is apparently ‘hell-bent’ on imposing import tariffs on steel and other imports into the US. These have been reported to be in the region of 20% or more. The tariffs have been promoted by Commerce Secreta [...]

US and EU Issues on Financial Market and Tax Havens

Published by Pete Nisbet on June 30, 2017

Will US and EU issues are threatening some agreements? Financial market agreements and tax havens may discontinue if President Trump’s comments are to be believed. German weekly magazine, Der Spiegel, reported that the US may stop cooperating in multinational discussions. This particularly relates [...]

Barclays Fraud Case: Barclays and Four Executives Charged

Published by Pete Nisbet on June 30, 2017

The Barclays fraud charge related to the financial crisis in 2008. Barclays and four executives have been charged with fraud over its actions to raise capital. The charges relate to the way it raised money from Qatari investors in June and November of 2008. It is not the bank itself that has been ch [...]

Toshiba and Western Digital Fall Out Over Flash Memory Business

Published by Pete Nisbet on June 28, 2017

The Toshiba and Western Digital 17-year-old joint venture is a strained one at the moment. This is largely due to a falling out over the flash memory business. Massive losses in its bankrupt Westinghouse US nuclear division have led to the Japanese firm deciding to sell the flash memory unit which m [...]

Holland & Barrett Purchase by L1 Retail Leaves Company in Good Hands

Published by Pete Nisbet on June 27, 2017

The recent Holland & Barrett purchase was made by L1 Retail, a fund controlled by a Russian billionaire, Mikhail Fridman. The £1.8 billion purchase of the health food company was made from the US private equity company Carlyle. Holland & Barrett was part of Nature’s Bounty, a US firm that [...]

Takata Bankruptcy: Issue Caused by Defective Airbags’ Faulty Inflators

Published by Pete Nisbet on June 27, 2017

The Takata bankruptcy is due to defective airbags. Takata, the Japanese parts manufacturer, has filed for bankruptcy protection in Japan and the US. Defective airbags manufactured by Takata have been found to be defective, and their failure has led to at least 17 deaths worldwide. [...]

Effect of the UK Economy and Political Uncertainty on Interest Rates

Worldpay Shares Rocket After Vantiv and JP Morgan Takeover Rumors

Banco Popular Failure: Popular to Seek Partners to Purchase Toxic Assets

ZhongAn IPO Filed in Hong Kong: IPO Values Firm at $1.5 Billion

Steel Import Tariffs and Other Tariffs on the Cards According to Trump

US and EU Issues on Financial Market and Tax Havens

Barclays Fraud Case: Barclays and Four Executives Charged

Toshiba and Western Digital Fall Out Over Flash Memory Business

Holland & Barrett Purchase by L1 Retail Leaves Company in Good Hands

Takata Bankruptcy: Issue Caused by Defective Airbags’ Faulty Inflators

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