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Facebook Brings the Retail Investor Back … for a Day

May 18, 2012
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Facebook Brings the Retail Investor Back … for a Day

Brendan Smialowski | AFP | Getty Images Facebook caused a surge in trading volume as the hype surrounding the biggest Internet IPO ever lured regular investors back to their electronic brokerages to trade shares of the ultra-popular social network — and the rest of the market, too....

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Santander: is your money safe?

May 18, 2012
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Santander: is your money safe?

Hilary Osborne and Patrick Collinson Crack out the bubbly? Despite a Spanish parent group, Santander is not heavily exposed to the eurozone turmoil. Photograph: Rui Vieira/PA Some £200m more than usual was withdrawn from branches of Santander UK on Friday after the downgrading of its credit rating and that...

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Angela Merkel caught in referendum row with Greece

May 18, 2012
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Angela Merkel caught in referendum row with Greece

Conal Urquhart and agencies German chancellor Angela Merkel was caught up in the referendum row as she visited America for the G8 summit. Photograph: Jacquelyn Martin/AP German-Greek relations were further strained on Friday after the German chancellor, Angela Merkel, was heard advising Greece to hold a referendum on its...

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Facebook: will stock markets ‘unfriend’ investors buying now?

May 18, 2012
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If you go through the archives of the former Association of Unit Trusts & Investment Funds, you will discover that there were up to 20 technology unit trusts in 1985, including funds offered by then household names Allied Dunbar and Save & Prosper. But the funds disappeared after the...

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Santander: customers with more £85,000 in savings make withdrawals

May 18, 2012
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Call centre staff were busy telling worried customers that Santander was “not about to do a Northern Rock” and that the Financial Services Compensation Scheme would cover customers up to the limit of £85,000 in any event should the worst happen. A spokesman for Santander said that it has...

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