Thursday 5 July 2012

Thursday, July 05, 2012 Posted by Jake No comments Labels:
Posted by Jake on Thursday, July 05, 2012 with No comments | Labels:

GlaxoSmithKline to pay $3bn in US drug fraud scandal
"The sales force bribed physicians to prescribe GSK products using every imaginable form of high-priced entertainment, from Hawaiian vacations [and] paying doctors millions of dollars to go on speaking tours, to tickets to Madonna concerts," said US attorney Carmin Ortiz. BBC

Barclays claim Chief Operating Officer misunderstood CEO's interpretation of a conversation with Deputy Governor of Bank of England allegedly giving them permission to rig LIBOR rates.
COO then passed on those instructions to staff. PRESS ASSOCIATION

Libor scandal: How I manipulated the bank borrowing rate
An anonymous insider from one of Britain's biggest lenders – aside from Barclays – explains how he and his colleagues helped manipulate the UK's bank borrowing rate. Neither the insider nor the bank can be identified for legal reasons. TELEGRAPH

Bank of England's money printing blamed for pensions 'meltdown' as annuity payouts dive 27% in four years

Tom McPhail, head of pensions research at Hargreaves Lansdown stockbrokers, said the UK's pension annuity rates have been in ‘meltdown’ for the past four years. DAILY MAIL

Personal injury claims soar despite fall in accidents
A report from the Actuarial Profession reveals that despite an 11% fall in the number of road accidents in 2011, personal injury claims rose by 18%. BBC.

Police Cutbacks 'To Put Services At Risk'
Three police forces may not be able to provide an "effective service" in the face of austerity cuts a report has warned. SKY NEWS

Consumer borrowing jumps to £732m in May

Unsecured debts have almost doubled, according to the Bank of England, raising concerns that households are borrowing to fund everyday spending. GUARDIAN
London's homeless face being sent to Yorkshire
Councils say they cannot afford to house them in the capital. They could be sent to Hull, Yorkshire or run-down seaside towns on the south coast because cuts to housing benefit will leave them unable to afford London rents. EVENING STANDARD
RBS admits Ulster Bank fiasco will not be fixed for all until 'mid-July' as small business owner lifts lid on 'lost £50k' nightmare
Prime Minister blasted the bank in the House of Commons. DAILY MAIL

Cold caller firms ignore 'blocked numbers' database

Telemarketing firms continue to bombard consumers with cold calls, despite 17.5m phone numbers being registered with the government's telephone preference service. GUARDIAN


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