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.
The Alliance and Leicester claims that the majority of entrepreneurs that do well are the first born child and have at least one brother or sister.
Having spoken to business owners across the country the Alliance and Leicester found that 60 percent of them were the eldest child in the family, with 85 percent of them having younger siblings. This suggested that they could have developed their teamwork and leadership skills.
Other personal traits that are the sign of a successful entrepreneur include dependability, consideration and being a good listener. The Alliance and Leicester also found that state education works well for the entrepreneur, with over 70 percent having a regular state education.
A recent study carried out by the Abbey National has found that over 80 percent of people in the UK are changing their lifestyles to manage the effects of the credit crunch.
Looking at rising costs of living and less access to lending consumers in the UK are spending less, selling unwanted items to raise money and some are also taking on additional work to increase their income. With considered planning and the will to stick to it most people in the UK can feel a little better about how they will be able to manage in the future say the Abbey National.
Lifestyles do not have to change drastically in order to make a big change, rather it comes down to selecting the best options when spending money. It may be choosing an alternative provider to save money or perhaps cutting back a little on non-essential spending. As the Abbey National study also highlighted increasing income is another great way of balancing the personal balance sheet.