Spread Betting News w/c 8 Jun
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A weekly look at what the papers said, supplied and sponsored by paddypowertrader.
For this week's review see Spread Betting News Week.
Market Review 8 June 2009
Barclays is finalising a deal to merge its $1trn (£625bn) fund management arm with BlackRock of the US. Details of the transaction are still being negotiated by the two sides, but it is likely to involve Barclays taking an economic interest in the combined fund management group of as much as 20%, according to people close to the talks, the Sunday Telegraph reports.
Lawyers step up fight over Sir Fred Goodwin's pension. Lawyers acting for Royal Bank of Scotland believe it may be possible to claw back part of the controversial pension settlement awarded to its disgraced former chief executive.
Setanta faces the final whistle over its unpaid bills. The sports pay-television operator may call in administrators after an emergency board meeting failed to reach a decision about its future.
Missing $165m: Madoff cleaned London out just before his arrest. Bernie Madoff, the $60bn fraudster, ordered his London office to sell its $165m portfolio of UK gilts only a month before he confessed to the FBI that his business was a "big lie".
Gordon Brown suffered humiliation in the polls last night as the British National Party achieved its biggest electoral breakthrough.
The above content does not constitute investment advice. All reasonable efforts have been made to present accurate information.
Neither CleanFinancial.com nor paddypowertrader accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
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'Spread Betting News w/c 8 Jun' edited by paddy power trader, updated 08-Jun-09
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