In a press release earlier today Old Mutual Plc, announced that majority owned South African banking Subsidiary, Nedbank Group Limited, has received a proposal from HSBC Holdings Plc to acquire a 70% controlling interest in the South African banking Group. An initial assessment from the Nedbank Group (NED)reveals that they consider HSBC to be an [...]
In a move to bring together the need for online security in hardware Intel, the silicon chip company, have aquired Internet security software specialists McAfee for a total sum of $7.68 Billion in cash. The software security technology company was founded in 1987 and is the worlds largest. McAfee had revenues of around $2 Billion [...]
An FTC ruling that takes effect on October 27th 2010 will stop debt settlement companies from taking any fees upfront. The rule is an ammendment to Telemarketing Sales Rules, and will stop debt settlement companies that opperate on a for profit basis from collecting advance fees over the telephone before they take any action to [...]
All three credit reference agencies in the UK have now conformed with a Labour government initiative to make statutory credit reports available to consumers online. Previously this industry standard credit report was only available in a paper format for a nominal £2 fee often taking upto a week or more to arrive by post. In [...]
For many in these times of recession and global economic debt, both national and personal, crisis any small help to ease the burden is welcome. Earlier in the year the new credit card joint industry agreement was drawn up and comes into effect in January 2011. In a move to hold up their brand ambition [...]
With mortgage rates at a 50 year low figures indicate that Mortgage refinance business made up 77% of last weeks mortgage business up 3% from the previous week. A lack of invester confidence saw money moved into Treasury Bonds causing their yeilds to fall and with it interest rates. The lack of invester confidence is [...]
In a few days time on 1st July the US Treasury’s next directive under their HAMP (Home Affordable Modification Program) program will come into effect and is aimed at helping unemployed people stop foreclosure. The Home Affordable Unemployment Program (UP) announced in March will help those who have found themselves unemployed re negotiate or even [...]
In march 2009 the Obama administration introduced Mortgage Loan Modification in an effort to reduce the number of foreclosures in the US. Since then more than 250,000 homes have been saved from foreclosure under the Mortgage loan modification scheme. Figures from the Treasury say that an increased number of people fell out of the trial [...]
Remortgage levels in the UK still remain under pressure whilst Bank of England interest rates remain low. The low rates are helping decrease the incidence of arrears but remove the incentive to remortgage because property values are also held lower. Figures from the council of mortgage lenders show that remortgage business is down 5% month [...]
Work From Home has for the last decade been the goal of a large percentage of the population. So as in any market place many people have been selling work from home systems and methods. In truth tho the only people who have “made it” are the people selling these systems and methods, many of [...]