Finance Avenue

Citibank, a bank of international repute is well on the path of saving itself with government aid that too in the global superpower United States has raised a lot of eyebrows. A question mark put against Citibank’s functioning and capabilities is very much in order.
If things get underway as wished by Citibank you have government [...]

No respite for the govt.
The problems global recession simply doesn’t seem to end, yet another piece of bad news include the sinking income tax, corporation tax and VAT revenues in the month of January which caused the public deficit for the initial ten months of the fiscal year of 2008/09 to propel out to a [...]

Swiss Banks have very well had a reputation of being secretive about their customer’s transactions and banking activities….But the recent happenings have put forth startling revelations and further prove the point that no body is trust worthy in this world after all.
United Bank of Switzerland’s endeavor to reveal the transactions of US citizens who are [...]

At a time when recession is taking its toll on all manufacturing companies with either sales dipping or demand reducing and maintaining a positive net record seems to be a difficult task, and even economic giants are failing to do so one food producing giant has managed to do the impossible, they have achieved something [...]

It is a known fact that UK is going through a rather bad patch on the economical front and also the policy makers in UK don’t want to talk about it much, and just when things are just about getting better, coffee giant Starbucks hits at the UK economy and their low consumer confidence. This [...]

As recession continues to be the hot new topic of the season spreading its vicious tentacles to almost all branches possible, Sweden economy seems to have been hit the hardest in Western Europe strip. In a country which could only boast of a population of 9 million, Sweden seemed to be doing pretty well, [...]

In this season of recession, someone seems to be garnering a lot of profit. Something somewhere in Britain and Irish republic seems to be growing in huge numbers, and that is the revenue chart of Dominoes pizza. Dominoes pizza ,which happens to be Britain’s biggest pizza delivery chain are more than happy with the onslaught [...]

Need of the Hour : Redefining Banks and Increased Accountability
Banks have always played the number games and earning a high margin of returns against their funding or investments especially in the boom time or so it seemed. But with the current scenario of economic slowdown and uncertainties, the true scene comes to fore showing [...]

Barclays Bank is known to be a global bank with a widespread network in 50 countries. Barclays boasts of serving and looking after more than 48 million customers worldwide. With grim economic scene, Barclays too has registered a drop in its profits by 14% and is likely to be much more alert and attentive to [...]

In this time recession where job cuts seems to be the need of the hour and employees all around the world are having troubled times, the staff of Lloyds Banking Group can breathe a sigh of relief because the Lloyds Banking Group plans to pay its staff 120 million pounds in bonuses. This news [...]