Victoria Sims

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Wall Street Profits Hit Record Levels, So Why Are Banks Still Killing Jobs?

Try and make sense of this: The banking industry earned a record $40 billion in the first three months of 2012, meanwhile banks are cutting th0usands of jobs.<p>JPMorgan Chase, Wells Fargo and Bank of America each announced job cuts this week. BofA said it was slashing 209 jobs, Wells is cutting 126 …

The best bank accounts for this year's students

Banks have unveiled their student accounts for teenagers starting university this autumn - with some standing out more than others.<p>These student accounts typically come with an interest-free overdraft and perks to attract new customers.<p><b>Santander</b> is offering a free Young Person's Railcard, worth £30 …

Mark Carney's curse: three more years of savings famine

With the bank rate staying at 0.5pc, savings rates will of course remain low, but there are some ways to stay ahead of the pack.<p>The Bank of England has finally dropped the charade and confirmed exactly what we all knew – that inflation is no longer its central target.<p>The new Governor, Mark Carney, …

City economists say eurozone recession is 'over'

The eurozone has exited its longest recession since records began, official figures are expected to show this week.<p>Growth from the powerhouse economy of Germany has pulled the single currency region’s economy as a whole out of contraction mode, economists believe.<p>Wednesday’s “flash” estimate for …

Economics

Reduce costs and provide a better service

'How come you have the lowest cost income ratio and also the best customer service,” a journalist asked the chief executive of Danish bank Handelsbanken in the mid-1990s. “I’m afraid I don’t understand the question,” was his mischievous reply.<p>The journalist pressed on: “Well, you spend less than …