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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Amazon paid £2.4m in tax in 2012

Category : Business, World News

Amazon’s UK unit paid £2.4m in corporation tax last year, despite making sales of £4.3bn, the online retailer’s accounts show.

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Post Office warned on account fees

Category : Business

Consumer group Which? warns that a monthly charge could discourage people from opening bank accounts at the Post Office.

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‘Record share’ for buy-to-let deals

Category : Business

The buy-to-let sector now accounts for a record portion of total mortgage loans, according to lenders’ data.

Originally posted here: ‘Record share’ for buy-to-let deals

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Unthinkable? Publish and be damned | Editorial

Category : Business

Major deals are being struck about which we know nothing. If they are such good value, why be so shy?

The high court was told this week that it is extremely rare for the facts of any of the tax settlements between the revenue and large businesses to become public. The National Audit Office came to the same conclusion. What they called “bespoke governance settlements” represented good value for the country and were properly carried out. That is, of course, until the details of any such “sweetheart” deal are leaked – such as the “handshake” deal between Dave Hartnett, former permanent secretary of HMRC, and Goldman Sachs. As we now know, this was anything but transparent. It nearly came apart when it was rejected by the revenue’s high-risk corporate programme board because it failed to collect any interest on the sum owed, but was nodded through to prevent the bank pulling out of a new code of conduct George Osborne had just announced. Up to £20m waived? All in a day’s work. According to Hartnett, deals in excess of £1bn are “not uncommon”. HMRC say that a lot of dosh is collected by protecting taxpayer confidentiality. But Margaret Hodge, chair of the public accounts committee, surely has a point when she asks that if we got £4.5bn from four settlements alone, how many more billions have slipped under the thickly piled carpet? The fact is that major deals are being struck about which we know nothing. If they are such good value, why be so shy? Wherefore the modesty? Why not publish the details of each one as a matter of course and let the public judge for itself?

UK services sector growth speeds up

Category : Business, World News

The UK’s services sector, which accounts for around 75% of the economy, grew by its fastest rate in eight months in April, new data suggest.

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MPs question infrastructure spending

Category : Business

MPs on the Public Accounts Committee question whether the government’s £310bn infrastructure spending plans are ‘credible’.

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Rob Arnott: Why I’ve had it with hedge funds

Category : Business

Funds have underperformed at a time when they are drawing more and more money from middle class retirement accounts.

Continued here: Rob Arnott: Why I’ve had it with hedge funds

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FCA hints it may act on teaser rates

Category : Business

Action may be taken against so-called “teaser” rates on savings accounts, the Financial Conduct Authority has hinted.

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VIDEO: Banks ‘not handling complaints well’

Category : Business

One-fifth of complaints to banks about current accounts are not being cleared up to the satisfaction of customers, according to consumer group Which?

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Bank complaint handling criticised

Category : Business

One-fifth of complaints to banks about current accounts are not being cleared up to the satisfaction of customers, according to consumer group Which?

See the article here: Bank complaint handling criticised

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