Taxpayers are �1 billion worse off as a result of the government's decision to sell-off Royal Mail below City banks' estimates, it has emerged. More: continued here
Read More »Friday newspaper round-up: Scotland, Royal Mail, China…
Friday newspaper round-up: Scotland, Royal Mail, China… David Cameron will on Friday launch a personal campaign to save the UK, warning that the country would be “deeply diminished” if Scotland votes to secede in this year’s independence referendum. More: continued here
Read More »Post Office Could Rack Up Billions By Offering Money Services – NPR
NPR Post Office Could Rack Up Billions By Offering Money ServicesNPRAs the U.S. Postal Service continues to lose money each year, a new report suggests a way to add to its bottom line: offer bank-like services, such as a check cashing card that would allow holders to make purchases and …
Read More »Cheap sell-off of Royal Mail cost every family £55: Banks told Vince Cable he could have got £1billion more than he …
Amid growing concerns shares were sold too cheaply, Freedom of Information requests revealed that 21 banks pitching to work on the floatation had valued the Royal Mail from £4bn to £4.8bn – well above the eventual sale price of £3.3bilion. More: continued here
Read More »Post Office Could Rack Up Billions By Offering Money Services – WSHU
Post Office Could Rack Up Billions By Offering Money ServicesWSHUBetsy Cavendish, president of Appleseed Network, says being able to go to the post office for simple financial transactions would be "win-win. Many people are spending $2,500 a year or so in extra fees," she says. "They have a lack of …
Read More »Royal Mail Gets CWU Pay Rise, Pensions and Bonus Deal Rubber Stamp – International Business Times UK
International Business Times UK Royal Mail Gets CWU Pay Rise, Pensions and Bonus Deal Rubber StampInternational Business Times UKAccording to a statement by the recently privatised delivery service, Royal Mail revealed that "is pleased that CWU members have voted overwhelmingly in favour of a ground-breaking agreement on an agenda for …
Read More »eBay founder to launch Snowden-themed magazine – The Drum
eBay founder to launch Snowden-themed magazineThe DrumPierre Omidyar, the billionaire founder of eBay, has announced his intention to start publishing a new Snowden-themed online magazine from next week. The launch edition is said to focus on classified government documents stolen by Snowden and will be …and more » More: continued here
Read More »Why the Post Office needs to compete with banks – Reuters Blogs (blog)
Why the Post Office needs to compete with banksReuters Blogs (blog)Back in 2011, I said that “the only way to save the Post Office will be to allow it to move into financial services”, seeing as how “banks in the US are mistrusted and disliked and many people would love …
Read More »Royal Mail 'Could Have Been Sold For £1.5bn More' Say Banks
Vince Cable is facing further accusations of selling Royal Mail "on the cheap" after it emerged that 21 City banks estimated its sale could have been done for £1.5 billion more. The Business Department revealed in response to a Freedom of Information request that the average valuation for Royal Mail …
Read More »Would you like a short-term loan with your stamps? – Belleville News Democrat
Would you like a short-term loan with your stamps?Belleville News DemocratThat's the idea proposed in a new Office of Inspector General report and quickly championed by U.S. Sen. Elizabeth Warren, a Massachusetts Democrat. The inspector general for the U.S. Postal Service proposed that the nation's infrastructure of post …Would you …
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