RBS sold the securities to two credit unions, which failed after the US housing bubble burst in 2008.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
John McDonnell announces £10 an hour living wage plan
Shadow chancellor wins standing ovation at Labour conference for plans including shifting tax burden towards wealthy.
Wolseley to cut 800 jobs and shut 80 branches in the UK
Wolseley, the plumbing and heating supplier, will close 80 UK branches and cut 800 jobs despite a rise in sales and profits.
Women a ‘distinct minority’ among wealthiest in the UK
There are very few women among the richest people in the UK and other OECD countries, according to a report published by the London School of Economics.
Disney is in talks with bankers about possible Twitter acquisition
Disney has had talks about a potential acquisition of Twitter. They’re working with bankers now to determine whether the deal makes sense, multiple sources have informed us.
Samsung delays restarting sales of its Galaxy Note 7
Samsung has said it will delay restarting the sale of its Galaxy Note 7 phone in South Korea, as the firm needs more time for the global recall of the device.
Twitter sale: Google reportedly in talks to buy site
Twitter stock has skyrocketed 21% to $22.59 in mid-morning trading on Friday
Brexit anxiety taking its toll on financial services sector
Report shows optimism down for third consecutive quarter in worst sign of unease since 2009
BHS to relaunch in the UK online
BHS is to relaunch in the UK this week as an online retailer just one month after the last of its high street shops shut their doors for the final time.
MG to end UK car production at Longbridge with switch to China
MG has announced it is to stop making cars at its Longbridge plant and will be moving production to China – ending manufacturing in the UK.
Footballers’ £400m social housing dream unveiled
Brighton’s Bobby Zamora, West Ham’s Mark Nobel and Rio Ferdinand, now retired, present project to build 1,300 homes near Luton
Gender pay gap won’t close until 2069, research finds
The lack of women in certain industries and specific jobs is contributing to the gender gap
Indian students challenge Facebook on WhatsApp privacy policy
WhatsApp revised its privacy policy to share data with Facebook and allow targeted ads and direct messages from businesses.
Which? files supercomplaint against banks over transfer fraud
Banks may face formal inquiry into whether they can refuse to reimburse victims conned into transferring money into fraudsters’ accounts
Mike Ashley becomes CEO of Sports Direct after Dave Forsey resigns
Sports Direct has announced the shock resignation of chief executive Dave Forsey and his immediate replacement by the retail chain’s founder and deputy chairman Mike Ashley.
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