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Heroes ring the bell

The heroes of New York City reopened Wall Street on Monday this week when members of the NYC emergency services rang the opening bell at the New York Stock Exchange.

It was the first day of trading at the exchange since two hijacked passenger airplanes crashed into the twin towers of the World Trade Center on September 11. The exchange observed a minute&#39s silence in honour of the victims.

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Relief at relaxing of reserve rules

The FSA&#39s decision to relax reserving regulations last week has given life offices and the stockmarket some breathing space in a time of falling equity prices.The regulations were in danger of compounding existing poor market conditions by forcing life offices into selling equities to raise capital to meet rocketing reserving levels.To ease the situation, the […]

Euroland rate cut of 0.5 per cent

The US Federal Reserve has made a 0.5 per cent cut in interest rates to 3 per cent minutes before the opening of the New York Stock Exchange.The cut, the Fed&#39s eighth this year, had been anticipated by some analysts, and is aimed at securing investor confidence to avoid panic selling.The Bank of England Monetary […]

Professionals will be looking to IFAs for LTC planning

IFAs stand to be the principal source of advice for investors looking to fund their long-term care costs, according to research from PPP Lifetime Care.More than two-thirds of professional and managerial adults believe they will have to pay for their own long-term care and 25 per cent plan to seek out independent advice, says the […]

TMB unveiling redesigned site

Specialist lender The Mortgage Business has relaunched its intermediary website at www.t-m-b.co.uk.The site, which is being relaunched at a Money Marketing IFA UK roadshow this month, displays the latest rates on all TMB&#39s mortgage products and payment protection products including self-certification, buy-to-let and flexible mortgages.It has a news page, downloadable application forms, information on the […]

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