Friday, May 18, 2012

ABC gets green light for New York branch!

The Agricultural Bank of China Limited (ABC) has received approval from the Federal Reserve Board and New York Financial Services Authority to set up a branch in New York.

Wednesday, May 16, 2012

Growth of inflation is inevitable for UK households

In its latest MoneyMood survey, Legal & General found that nine out of 10 respondent households expect inflation to be higher, or to remain at today’s level (3.5%), over the next 12 months.
Only one in 10 households were hopeful that inflation would ease and more than half thought that inflation would be higher than any rise in their earnings over the next year.

Credit card protection plans draw state lawsuits, federal scrutiny

If you have a credit card, you've probably heard the pitch. It comes from a telemarketer, or perhaps from a mailer included with your statement, and warns that "life is unpredictable." Prepare for the worst, the pitch goes on to say, by purchasing a plan that will handle your credit card debt if you lose your job, become disabled or die.