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Latest Finance News


AIG UK to be sold

AIG life insurance operation in the UK is up for sale as the company struggles to repay Pfund35bn Federal loan.

The announcement comes at a time when the UK financial market is in turmoil with growing speculation that Treasury may be forced to take billions of pounds worth of shareholdings in the giant high street banks.


Downloadable music up for grabs
Homeowners who posses home insurance have been warned by Virgin Money this week that stolen DVDs and CDs that are stolen may not be covered unless they are an official copy.

Buy-to-let mortgages no more
The availability of buy-to-let mortgages is likely to continue shrinking as Bradford and Bingley, a leading specialist in the market made the decision to withdraw all of their buy-to-let products. Their move in this direction has prompted their smaller rival mortgage providers to evaluate their products and either re-price their offerings or follow suit and yank them all together.

The soldiering sick
It appears that workers in Belfast are the likely to disregard health problems more than anyone else in the UK. This is mainly due to the economic downturn which has left many workers fearful of losing their job for taking time off to address health matters.

Number of students leaving in debt will increase

The Government has revealed that a large number of university leavers have been in debt for a decade and many more could be facing this financial difficulty in the future.


Should one rate fit all?

The Government has revealed that a large number of university leavers have been in debt for a decade and many more could be facing this financial difficulty in the future.


Modified bikes could put riders in trouble
Police have warned that bikers who make modifications to their mopeds could face the wrath of the law, even as they risk voiding their bike insurance cover.