Weekend roundup

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Weekend roundup

Savers shouldn’t be lured by flexible fixed accounts’

Locking away your cash for a higher return may not be the best strategy.

The Sunday Times Money,  p. 4

 

Bank set to hold fire on more money-printing

Bank of England is expected to abandon its £375bn quantitative-easing programme following the strongest quarter in five years for the British economy and questions over its effectiveness. Interest rates are also expected to be held at a 0.5% record low.

The Independent on Sunday,  p. 86

 

Walker steps into Barclays

The newly-installed chairman of Barclays swelled his stake in the banking giant just one day after it delivered a rise in adjusted third-quarter pre-tax profit.

The Sunday Times Money,  p. 7

 

Other banks expected to follow UBS’s employee cull

City banks are poised to cut tens of thousands of jobs to reduce their costs to cope with tough trading conditions and regulatory pressure to build up their capital reserves, sources say.

Sunday Express Financial,  p. 3

 

The above articles appeared on 03 and 04\11\12 reproduced with the kind permission of Kantar Media UK . All rights reserved.