http://themoneyblog.co.uk Money Magneto Talks Finance - Commenting on the state of the economy, banks, savings, investments ..... Fri, 28 Nov 2008 14:42:01 +0000 http://backend.userland.com/rss092 en Last Monday Gordon Brown set out plans to increase the income tax rate for the rich to pay for measures aimed at helping families and small businesses through the current financial down turn. The last time the income tax rate was in the mid-1970s. Treasury chief Alistair Darling said on ... http://themoneyblog.co.uk/2008/11/28/bad-news-for-those-on-higher-rate-tax-band/ The Treasury today guaranteed that no British customers of Icesave would lose their savings after the Icelandic online bank collapsed yesterday. This comes as a relief to the estimated 300,000 British savers who were left fearful on Tuesday night that they would need to fight for any compensation. Icesave was owned ... http://themoneyblog.co.uk/2008/10/08/no-icesave-savers-will-lose-out-says-alister-darling/ 300,000 British savers were left uncertain about whether they had lost their life savings yesterday, after Iceland’s second-largest bank went into receivership. Savers seeking to withdraw money from Icesave, an arm of Landsbanki, the Icelandic bank, have found they could not operate their accounts online. A message on the Icesave website said: ... http://themoneyblog.co.uk/2008/10/08/icesave-has-gone-into-receivership/ There are a number of ways the FSA can be alerted to a particular problem. It is likely to instigate a fact-finding investigation. Frequently, the investigators will be looking foe relevant documentation. “Document” has a very wide definition includes information recorded in any form. Firms have a general duty to cooperate ... http://themoneyblog.co.uk/2008/10/03/the-fsa-powers/ In last two weeks there have been many rumors and speculations in the media about the safety of Kaupthing Edge. And I have been bombarded by questions from worried savers whether to take theirs savings out of the bank. So after conducting my research and investigation into this matter, I ... http://themoneyblog.co.uk/2008/10/03/kaupthing-edge-%e2%80%93-your-savings-is-safe-and-protected/ From mid-2001, under the new financial services and market act, all market participants were subject to the same CIVIL regime for dealing with market abuse, so levelling the playing field for all market users. In addition, they will have detailed guidance to help clarify what does amount to market abuse. Financial ... http://themoneyblog.co.uk/2008/10/02/fsa-preventing-market-abuse/ Fears are growing over the safety of the Icelandic banking system after Glitnir, had to be bailed out by the government 2 days ago. The Government was force to take control of Glitnir as depositors fled the country's third-largest bank. This has be of particular concern for savers in the UK ... http://themoneyblog.co.uk/2008/10/01/fears-are-growing-over-the-safety-of-the-icelandic-banking-system/ According to a recent article in the Iceland Review, says Icelandic Banks in the UK are benefiting from recent banking crisis in the UK and US. Icesave and Kaupthing Edge have seen surge in business after UK customers lost faith in their own banks. Kaupthing said that Monday was in fact ... http://themoneyblog.co.uk/2008/09/23/icelandic-banks-in-the-uk-are-benefiting-from-the-recent-banking-crisis/ The FSA is an independent body regulating the UK financial services industry. The FSA has three main aims: The first is maintaining confidence in the UK financial system by supervising exchanges, settlement houses and other market infrastructure providers; conducting market surveillance; and transaction monitoring. The second is promoting public understanding of ... http://themoneyblog.co.uk/2008/09/17/the-constitution-and-role-of-the-fsa/ Banking giant Barclays bank has agreed to buy some of the core assets of stricken US investment bank Lehman Brothers for 1.75 billion dollars. $1.5 billion for its New York headquarters and two data centers and $250 million for the trading unit following negotiations in New York, the bank ... http://themoneyblog.co.uk/2008/09/17/barclays-agree-to-buy-lehman-brothers-investment-banking-division/