According to a recent report from Sainsbury’s Credit Cards British shoppers are set to spend billions of pounds this summer, and despite the global credit crunch and the financial strains that many households are facing sales are expected to be only slightly lower than last year. Officials from Sainsbury’s Credit cards have said that consumers […]

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Ben Bernanke, the current Federal Reserve Chairman commented in Congress that the troubled duo of Fannie Mae and Freddie Mac were not in any danger of failing. His statement has been interpreted by many that the federal bank will come to the resuce of Fannie Mae and Freddie Mac, just in case they were in […]

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As per media reports, UBS which is the world’s leading wealth manager has made a press release stating that it will no longer help high networth individuals base in the US to put their money in swiss bank accounts which are beyond the reach of US regulators. This announcement by UBS assumes significance in the […]

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