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money

Gulf economies will move away from a dollar currency peg and shift foreign exchange reserves away from dollar to other currencies, including the Chinese yuan, the chief executive of Dubai International Financial Centre (DIFC) has said.
amenity

The banks are at it again headlines from the Indy.  Click on link to read how you are being screwed.

Meanwhile, banks have been busy raising their charges and fees, as they desperately try to recoup the income they are losing as a result of the credit crunch. Most of the big banks have restructured their overdraft charges in the past few months, introducing an ever-more complex web of fees designed to catch out consumers.

Although customers are no longer able to reclaim unfair charges through the courts – pending the outcome of a test case between the Office of Fair Trading and eight of the country's biggest banks, due to begin next week – consumers are still being hit with fees as high as £60 for exceeding their overdraft by only £50.

http://money.independent.co.uk/pe...ce/invest_save/article3318006.ece

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