Escape route from 'zombie' child funds

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Escape route from ‘zombie’ child funds

News Briefing | Finance

24 December 2013

Savings

Escape route from ‘zombie’ child funds
The Treasury has announced plans to lift a ban on the transfer of poor-value “zombie” Child Trust Fund accounts into Junior Individual Savings Accounts.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 1
Also appeared in : The Times, p.34

Mortgages & Residential Property

Halifax predicts 8% house price rise next year, but no bubble
House prices will rise by up to 8% next year, according to Halifax, whose analysts also denied that it was right to talk of a housing bubble at the present time. Halifax’s chief economist, Martin Ellis, said that authorities were “on guard” to prevent another bubble affecting the market.
The Guardian, p. 24
Also appeared in : The Sun, p.40, Daily Mail, p.19, The Daily Telegraph, p.28, The Times, p.16, The Times, p.34, Daily Express, p.4

Round Up

Scandal fallout hits Turkish business
Halkbank, the lender caught up in Turkey’s corruption scandal, denied yesterday it had broken the law, as shares in companies linked to government opponents plummeted.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 5

BTG expands London office
BTG Pactual will double its London staff by the end of 2014, as the Brazilian investment bank embarks on a global hiring spree to build its fledgling commodities business.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 13

World Bank unit toughens staff rules
The International Finance Corporation, the World Bank’s private sector lending arm, has tightened rules for staff engagement with client companies.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 13

Bankers’ legal threat over Volcker
The American Bankers Association has threatened legal action against US regulators if they do not suspend a provision in the Volcker rule that has sparked protests among small lenders.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 16

Beijing moves to calm credit crunch fears as interbank rates increase
The People’s Bank of China is seeking to allay fears of a credit crunch caused by a lack of day-to-day cash among commercial banks in the country.
The Guardian, p. 24

The above articles appeared on 24.12.13. Reproduced with the kind permission of Kantar Media UK. All rights reserved.
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