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Royal Bank of Scotland Suspends Two Employees in the Wake of the Ongoing Forex Probe

Royal Bank of Scotland Suspends Two Employees in the Wake of the Ongoing Forex Probe

It has been a rough time for the six banks that were involved in the foreign exchange scandal. One of these six major international banks is Royal Bank of Scotland, which has suspended two more employees during the investigation in the forex scandal. The shares of RBS dropped by 1% after the incident. Before this, […]

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UK House Prices Fall for Second Month in a Row-Boon or Bane?

UK House Prices Fall for Second Month in a Row-Boon or Bane?

House prices in England fell by a considerable amount for second month in a row. This is a very good sign as per the economists. The price fall of last month was the first of its kind since the boom that started in 2013. This is a very good indication for the economy as it […]

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Independent Scotland or a Formal Monetary Union-The Debate is On…

Independent Scotland or a Formal Monetary Union-The Debate is On…

While George Soros, the billionaire financier is of the opinion that an independent Scotland may not be such a good idea as it could be potentially dangerous, the Adam Smith professor of political economy at the Glasgow University, Ronald MacDonald feels otherwise. He feels that a new currency seems to be the only feasible economic […]

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Is Bitcoin a Currency…What Goldman Sachs Feels?

Is Bitcoin a Currency…What Goldman Sachs Feels?

Founded in January 2009, Bitcoin is a digital currency. It’s basically a protocol and an open-source software that allows immediate peer to peer transactions across the globe. The best part is that there are no processing fees, and if at all there are any fees, they are so minimal that you’ll ignore them. Bitcoin became […]

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Mark Carney at the Centre of Currency Scandal

Mark Carney at the Centre of Currency Scandal

Mark Carney, the Governor of Bank of England will be facing a gruelling public testimony. This will be something that he hasn’t faced before as he readies himself to defend the morality of an institution that has become involved in the manipulation of currency scandal. The lawmakers will be grilling Carney after the Bank of […]

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Banking sectors in US and UK sending mixed messages at end of quarter

Banking sectors in US and UK sending mixed messages at end of quarter

Ever since the recent downturn began in 2007, the banking sector, one of those worst affected, has struggled to see its fortunes return to normal following a collapse in profit levels. Anxiety still pervades despite the downturn officially ending earlier this year in both the US and UK, especially for some of the biggest banks. […]

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Chris Sutton Caught Out Losing £50000 In Forex Currency ‘Scam’

Chris Sutton Caught Out Losing £50000 In Forex Currency ‘Scam’

Former Premier League footballer Chris Sutton, who was famously part of the Blackburn Rovers team that won the league in 1994, invested £50,000 into a spread betting foreign currency scheme which prosecutors have branded a ‘scam’. The news that Sutton had invested into the ‘scam’ was revealed this week during the trial of Simon Grinter, […]

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