Citigroup to Reduce Fees on U.S. Banking Accounts

Published in September 3rd, 2010

Posted by webmaster in Bank News, Market News, US Markets

Citigroup Inc. will halve the minimum balance on checking accounts with the highest level of service, in a push to get more customers to use the bank for their primary accounts. Clients with Citigold accounts can avoid monthly fees if they keep $50,000 in combined balances at Citigroup starting Nov. 1,

Burger King sold to buy-out firm for $3.26bn

Published in September 3rd, 2010

Posted by webmaster in Market News, US Markets, World Economy

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Burger King is being sold to private equity firm 3G Capital in a deal valued at $3.26bn (£2.1bn), it has been announced. The fast food chain, with 12,100 outlets worldwide, had been the subject of takeover rumors for days.

Europe agrees new agencies to supervise financial firms

Published in September 3rd, 2010

Posted by webmaster in Bank News, Market News, US Markets

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The European Union has reached agreement on reforms to financial supervision, officials have said. EU states and the European Commission agreed to create agencies that from next year are to oversee banks, insurers, and financial

Galaxy Tab unveiled as Samsung’s first tablet computer

Published in September 3rd, 2010

Posted by webmaster in Market News, US Markets, World Economy

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Samsung has become the latest challenger to enter the tablet computer battle, unveiling its Galaxy Tab at the IFA conference in Berlin. The device will run on Google’s Android operating system, with a capacity of 16 or 32GB, expandable by 32GB more.