Barclays plans share issue to fill capital hole

Archive for July, 2013

Barclays plans share issue to fill capital hole

LONDON Barclays, Britain's second largest bank, plans to issue new shares worth 5.8 billion pounds to shore up its capital and satisfy new regulatory requirements meant to prevent a repeat of the 2008 crisis. Its stock price plunged as investors…

Id Theft Insurer Cpp Nears Financial Lifeline

The struggling identity theft insurer CPP is closing in on a deal with its lenders that should secure its future beyond a £1bn-plus mis-selling payout to customers.

Personal finance apps Pt 1: budgeting with your iPhone

There is no shortage of personal finance apps out there. But the problem is choosing one that does what it needs to with ease and as little cost to you. In the first of a series of Continue reading

ResCap paying about $198 million to settle US complaints of foreclosure abuses

WASHINGTON – Mortgage lender Residential Capital LLC is paying about $198 million to settle federal complaints that it wrongfully foreclosed on homeowners.

Global gangs rake in $870 bn a year: UN official

Police find it hard to compete with international crime syndicates who rake in $870 billion a year via activities from drug trading and human trafficking to identity theft, a top UN official said Wednesday.

Focus on Student-Loan Interest Rates Ignores Larger Issue of Rising College Costs

While Congress is focused on reining in interest rates on federal student loans, some policy experts say lawmakers should tackle the broader question of ever-increasing tuition rates.

Lottie Moggach turns Facebook addiction into debut novel 'Kiss Me First'

TORONTO – Lottie Moggach says the idea for her chilling Internet identity theft novel "Kiss Me First" was born from an activity she ultimately decided was a massive time suck: Facebook.

U.S. bank profits continue gains

Bank of America is the latest of the big U.S. financial institutions to release strong earnings figures, after Citigroup and Goldman Sachs earlier this week.

Regulators name AIG, GE Capital potential risks

WASHINGTON U.S. regulators have labeled insurer American International Group Inc. and General Electric Co.'s finance arm as potential threats to the financial system, designations that bring stricter government oversight.

For Online Consumers, There's No Sure Bet

But there are ways to up the chances you won't be hacked.