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Listing 421 articles over 43 pages

Why Has The Lloyds Bank Toxic Asset Deal Been Delayed?

There are differing stories come from the UK Treasury and Lloyds Bank regarding reasons why the proposed £165 billion toxic asset insurance protection plan has not been put into place. The...

Lloyds Bank Fails To Agree Toxic Asset Insurance Deal

It has today been revealed that Lloyds Bank is no nearer an agreement with the UK authorities with regards to its toxic assets from the combined Lloyds Bank and HBOS group. While the amount of...

Online Car Insurance Is Benefiting From The Downturn

The online car insurance industry appears to be benefiting from the ongoing recession as Admiral Group reported profits up 11% at £202.5 million. The figures are slightly above expectations...

UK Insurance Sector Still Under Pressure

The UK insurance sector is again under pressure this morning with concerns that solvency levels will fall over the coming months and more and more companies will be forced to raise additional...

Brit Insurance Goes Dutch

Lloyd's of London insurance group Brit Insurance has moved its head office to Holland in another bitter blow for the UK business sector. This is the latest in a long line of UK companies which have...

Barclays Bank At Loggerheads With The UK Treasury

It has been revealed today that Barclays Bank is in a similar situation to that experienced by Lloyds Bank which had great difficulty agreeing a toxic asset insurance plan with the UK Treasury. Up...

AIG Refuses To Back Down In Bonus Row With US Government

Fallen insurance giant AIG, which was forced to beg US authorities for $170 billion to survive, has refused to hand over details of employees who received $165 million in bonuses from the financial...

UK Holidaymakers Suffer Baggage Losses At UK Airports

If ever there was a prime example of the requirement to insure both yourself and your goods as you look to travel overseas on holiday, the announcement that 42 million bags were lost by the...

Lloyd's Of London Announces 50% Reduction In Profits

Lloyd's Of London, the central insurance market of the world, has today announced profits of £1.9 billion in 2008 against £3.9 billion just 12 months earlier. A number of factors have...

Insurance Premiums Set To Rise As Lloyd's Of London Struggles

The announcement of a 50% reduction in Lloyd's of London profits from £3.9 billion to £1.9 billion seems like a significant drop but in the context of the current economic climate this...

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