Bank of America, Citigroup to close 1,700 branches in London

Bank of American and Citigroup have agreed to end operations at 1,200 branches in the capital and to close a further 700 branches, the companies announced on Wednesday.┬áThe decision comes after Bank of Americans, the country’s second-largest bank, announced last week that it was closing its remaining branches in parts of London.┬áCiti has more than […]

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New York real estate bubble shows no signs of slowing

Foreign exchange and investment are surging in New York, and investors are buying homes and apartments, but there’s no sign of a housing bubble.Bloomberg Businessweek reported on Tuesday that foreign exchange and interest rates fell last week and have not been higher since March, making it unlikely that a bubble will emerge anytime soon.The benchmark […]

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