debt
Prudential : nearly one in five may retire in debt this year
Nearly one in five (18 per cent) of those planning to retire this year will have outstanding debts, averaging £31,200 each, according to new figures...
Spain : patients rage at hospital cuts
Ever since her father had his heart attack years ago, 76-year-old Maria has been fiercely devoted to Spain's public hospitals. Now that authorities are planning...
Age UK : rising numbers of older people in debt
As Britain enters a double-dip recession, research conducted by TNSon behalf of Age UK suggests that the number of older people owing money has...
BPF : banks begin to deal with distress but property refinancing challenge remains
Debt held against UK commercial property continued to fall last year from £228.1bn to £212.3bn, a drop of 6.8%, the UK's largest property lending...
Greece : list of Greek debt held by large European banks and insurers
Leading European banks and insurance companies hold the following amounts of Greek debt. The data, provided by the institutions thermselves, was valid at the...
Greek losses hit results at German insurer Allianz
German insurance giant Allianz announced that its second-quarter net profit fell seven per cent to EUR 1.07 billion ($1.5 billion) after a large charge...
Munich Re / statement : no more ‘absolutely safe investments’
The budget crises facing the Eurozone and United States mean there are no longer any "absolutely safe investments," the head of the leading global...
US : Obama announces agreement on debt ceiling
The US President Barack Obama announced that Republican and Democratic leaders have reached an agreement to raise the government’s debt ceiling and thus avoid...
Fitch Ratings : Solvency II set to reshape asset allocation and capital markets
Fitch Ratings says in a newly-published report that Solvency II, the new regulatory regime for European insurers from 1 January 2013, is poised to...
Debt : Britain’s debt tipping point
The average amount of personal debt, excluding mortgage debt, owed by individuals in the UK is £8,431, though it takes an additional £1,300 before...
Report : Aviva’s Real Retirement Report
Aviva’s fifth quarterly Real Retirement Report, which reviews the finances of the UK’s over-55s, finds that over the last year, average incomes have fallen...
Fall of Egyptian debt insurance costs
The cost of insuring Egyptian debt against default fell on Tuesday as investors became less nervous about a possible change of government.
Crowds gathered in...
Aviva plans to pay half its debt
Britain's second-largest insurance group said it will pay down almost half of the £1.5bn in debt it needs to refinance during the period.
The company...
Aviva’s Family Financial Report finds UK families under pressure
Many UK families are under extreme financial pressure with 39% saying they are too stretched to take on any additional financial obligations, according to...
Europe moves to levy bank failure tax
Banks will never again be allowed to call on taxpayers to clean up their mess under plans for a new Europe-wide crisis insurance levy...
US recovery on track despite European debt concerns
Better-than-expected economic indicators are pointing to an on-track US recovery, even as European debt concerns cast a shadow over the world's largest economy.
Strong housing,...
British insurer Aviva says ‘very low’ risk of eurozone defaults
The boss of British insurer Aviva on Tuesday said there was a "very, very low" risk that Greece, Spain or Portugal would default on...
Standard & Poor’s warns Britain of possible rating downgrade
Britain's credit rating could be lowered if a new government fails to cut massive public debt, Standard & Poor's warned on Monday as rival...
Direct Group completes debt refinancing
Direct Group has completed a major debt refinancing to provide further funding for the group’s market consolidation strategy.
The facilities, arranged by Lloyds TSB Corporate...
