Citibank parent citigroup has posted another loss for the third successive quarter, though it is less than was expected.
Asset wise Citibank is the biggest bank in the United States but has been badly hit by the sub-prime lending troubles and is fighting to get out of the mire. The bank recorded losses of GBP1.3 billion in the three month period to the end of June, with around GBP5.8 billion of write-downs again hitting them hard.
The losses were less than anticipated though leading to their share price going up by a little less than 8 percent. The Citibank chairman said that although there is still a lot of work to do they are very encouraged by the progress that has already been made.
Sitting down and watching BBC programme The Apprentice is proving to be an inspiration to many viewers to set out on their own.
A poll carried out by Direct Line revealed that nearly 20 percent of people have thought about setting up a specific business whilst watching the programme, with a further 12 percent feeling that they should take the step of becoming their own boss in some form of enterprise.
One of the biggest things that inspired these people to believe in themselves was the feeling that they could just as well, or better, than the people on the programme. This is a very positive stance to take, though a Direct Line spokeswoman did want to advise people that setting up in business is more complex and testing than it can appear on television.
Any wannabe Apprentice looking for a business bank account can compare rates at Moneygossip.co.uk
According to the latest survey by Lloyds TSB confidence in job prospects and safety of employment are way down compared with just a year ago.
Around 35 percent of those asked by Lloyds TSB felt that their job was less secure now than it was last year. One in ten thought their prospects were actually better now than in 2007, though this figure is 40 percent down on last year, reflecting the changing attitudes of the nation.
Added to this downbeat view was the fact that there is also an expectation of increased inflation, with costs already soaring. The people of Britain would really like to say things are looking better but they are thwarted at every turn by the look of this Lloyds TSB information.
