Alabama Bank's Failure Raises 2012 Total to 24

The Office of the Comptroller of the Currency closed Alabama Trust Bank in Sylacauga on Friday, making it Alabama's first bank failure in more than a year.

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.

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.