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A new report has revealed a staggering 99.7% drop in the value of UK bank shares purchased by the Chairmen and CEOs responsible for running these financial institutions since the collapse of Lehman Brothers last September.

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Tags:
, shares, banks, Lehman Brothers, ceos, chairman

Famed for his prolific Sinaloa drug cartel, billionaire Joaquin Guzman's presence on Forbes magazines's rich list has incensed Mexican officials.

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, forbes, criminal, bizarre, wanted, billionaires

What USD $500,000 Buys Worldwide?

Posted by iamamaniac on February 26th, 2009

The international housing market has practically stalled over the past year and in some countries prices have fallen through the floor. Take a look at these gorgeous properties in across the globe and see just what you can get for your money.

As the prospect of life in recession-struck Britain becomes far less lucrative, the number of Eastern European migrants moving to the UK has dropped by over 40%.

Bank Bailout to Cost Taxpayers $2 Trillion

Posted by iamamaniac on February 20th, 2009

The UK Government’s recent bailout of struggling financial giants Royal Bank of Scotland and Lloyds TSB looks set to add between £1 trillion and £1.5 trillion to national debt, figures out today have revealed.

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Tags:
, finance, bank, economy, GDP, debt

With announcements of en-mass job losses, rejected credit applications and increasing repossessions coming almost daily, news that Britons have almost £850million sitting unclaimed in ‘lost' bank accounts comes as quite a surprise.

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, finance, banking, Money, UK, weird

2008 started quite innocuously, with little sign of the true scale of the turbulence to come. But twelve months later, the devastation continues, as retailers fall like dominoes, unemployment continues to rise sharply and everything from the pound to house prices carries on plummeting. In short, 2009 will probably be another year of taking it on the chin. So, chin up.