Finance Avenue

It’s a known fact that the sector which was the worst hit during recession was the banking sector and we have seen a lot of changes in global banking functions in this few months itself, with a lot of private banks being nationalized, and other measures being taken to ensure its stability. In one [...]

In yet another instance of a multi national company being affected by this global recession, Mobile phone giants Vodafone announced that it is going to cut down its work force as they are going to cut around 500 jobs in the UK, this comes in the wake of their new cost cutting policy. This cut [...]

If this policy is anything to go by, then it means no more holiday outings every week to the nearest beach house, no more wine and cake parties, and to say the least no more “extra” rewards for anything.
But this policy is good. In a phase when the government seems to be tumbling down and [...]

The Royal Bank of Scotland seems to be having trouble managing their employee’s affair. Here the only difference is that, that employee was earlier the Chief Executive of the bank and is a high profile man, whose pension amount is a bit too much for the bank to afford this season.
And Sir Fred Goodwin aint [...]

As it goes on records with a formal posting of a net loss of 24.14 billion pounds (($34.4 billion), Royal Bank of Scotland has set a record of not only a massive loss but the biggest restructuring plan in the British corporate history. The intensity and extent of its restructuring plan is all set to [...]

They say that behind every man’s success there is a woman who plays a very significant role. We are not quite sure about the woman, but one thing we definitely know, is that Media Baron Rupert Murdoch had a man, named Peter Chernin behind his success. Murdoch’s company News Corporation will miss the man, who [...]

First it was the BT group, then it was the Royal Bank of Scotland, and then to much surprise it was General Motors. And now to everyone’s shock, the world’s biggest mobile company Vodafone has decided to fire 10,000 people from their jobs in Britain. This decision came as a huge shock to everyone including [...]

This is the new trend now. They want cash. And they will take it by any means. This is about people who have been hit by recession in such a way that they are not hesitating to sell their personal valuables and get money in returns.
The new heroes on the block are the pawn brokers. [...]

The New Banking Act finally came into being which gives the Bank of England more powers to intervene into matters of failing banks, mostly in the interest of savers and the investors and the overall economic and financial system. This is termed as the Special Resolution Regime(SRR),under which the savings will be returned to the [...]

Following Uncle Sam H1 B visa outline, United Kingdom is also donning the protective cover for its citizens during the recessionary times of today. So stay ready to face stricter rules making it very tough for foreign skilled workers to seek employment within UK.
These days, it is a common sight in UK for local workers [...]