NAB bank flags Clydesdale and Yorkshire sale in UK exit
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National Australia Bank is considering floating its UK operations on the stock market as part of an exit from the UK.
NAB said it was looking at all options for the future of the Clydesdale and Yorkshire banking division.
The news came as the Melbourne-based bank announced a fall in profits, due mainly to problems at its UK operation.
"QE 3" may be ending, however 'QE 4 (ever) is not going away, so pretty much a moot point.
BTW & By (St.) George picked up a couple of 1910 Edward VII Sovereigns in BU last weekend for song and a few of bottles of french that I had purchased wholesale, however the best part is the Canadian mint mark on the backs of those Edward VII's. Being good has its rewards
Cheers, S. Rex
Nicely done...........meanwhile an interlude from the isles of Scotland.
Child sex exploitation 'social norm' in Greater Manchester
Pedophiles need a helicopter ride two hundred miles offshore and simply pushed out the door.
That will cure them!
So you know about those, eh?
1910 Sovereigns Mintage
Mintmark Mint Mintage C Ottawa, Canada 28,020
Still on my elusive quest for a 1908 Edward VII Sovereign
1908 Sovereigns Mintage
Mintmark Mint Mintage C Ottawa, Canada 646
Guess I still need a few more halos for one of those.
Bank of Japan stuns market with even more stimulus By Charles Riley @CRrileyCNN October 31, 2014: 1:47 AM ET
HONG KONG (CNNMoney) The Bank of Japan is going for broke and expanding its already aggressive stimulus plan in an effort to keep the country's economic revival plan on track.
In a surprise announcement, the central bank said Friday that it will increase its purchases of longer-term debt, building on a stimulus plan first announced a year and a half ago.
The bank will now make asset purchases at an annual pace of around 80 trillion yen, an increase from the previous 60 to 70 trillion yen target range. The Nikkei jumped by as much as 5%.
The bank's decision was far from unanimous -- five board members voted in favor of additional stimulus, while four voted against the proposal.
The additional stimulus puts the Bank of Japan at odds with other central banks, including the U.S. Federal Reserve, that are scaling back or ending their stimulus programs.
You might also have picked up the fact thta India is struck sovs for the first time in almost 100 years recetly.......try getting one of dem as well for the future.
I have a few 1918 George V s which were struck in Bombay for only one year.
However the one that eludes me still is that 1908 Edward VII struck in Canada
Need more halos
Can you spare any?
Britain repays Churchill bonds for debt from 18th century
Britain on Friday said it was paying back bonds issued by then Chancellor of the Exchequer Winston Churchill to cover debts from World War I, as well as the Napoleonic and Crimean campaigns.
The "4% Consolidated Loan" bonds came out in 1927, partly to refinance National War Bonds originating from WWI that were widely touted as a patriotic investment during the war years.
They also paid for debt dating back as far as the South Sea Bubble financial crisis in the 18th century when a British joint stock company trading with South America collapsed.
The Treasury said on Friday it was redeeming £218 million of the bonds.
"This will be the first time that a Chancellor has redeemed an undated gilt (sovereign bonds) of this sort in more than 60 years," the ministry said in a statement.
Chancellor of the Exchequer George Osborne said: "We are only able to take this action today thanks to the difficult decisions that this government has taken to get a grip on public finances".
The ministry said £2.0 billion in World War I debt is still outstanding -- "one graphic illustration of the legacy of this war on our nation and the long term effects of high debt."
The government said it was planning to repay that debt in full.
Japan monetary policy in 90 seconds
Problem with this is that he might allow himself to raise the consumption tax again to 10% but that will only hit the ordinary guy in the street. The money being created wont filter down to him. It will go into the stock market.
Rolls-Royce to axe 2,600 jobs
Engineering firm says technological advances have improved output and announces veteran finance chief is stepping down https://www.theguardian.com/business/2014/nov/04/rolls-royce-axes-2600-jobs
Pace of UK economic growth expected to halve as service sector slows
Slowdown since summer expected to cut growth to 0.5% in last quarter but optimism reigns with firms still hiring, say analysts https://www.theguardian.com/business/2014/nov/05/uk-recovery-slows-servi...
UK service sector growth slows; eurozone growth makes 'grim reading' -- business live https://www.theguardian.com/business/live/2014/nov/05/marks-spencer-sale...
EU to press Luxembourg over tax breaks amid fresh allegations
Ex-Luxembourg PM Jean-Claude Juncker is facing a tough first week as EU Commission president
The European Commission is to press Luxembourg over new allegations it offered tax breaks for more than 300 global companies, an EU spokesman says.
But Commission chief and ex-Luxembourg PM Jean-Claude Juncker will not handle the probe, Margaritis Schinas said.
Pepsi and Ikea are among those accused of making deals with Luxembourg to save billions in tax in other countries.
The revelations were published in a report by the International Consortium of Investigative Journalists (ICIJ).
Free banking in the firing line as competition inquiry launches
Consumer groups and challengers welcome ‘full-scale’ Competition and Markets Authority inquiry into banking and how customers are treated