JAMES R. CROSBY
Former Chief Executive Officer of HBOS Plc from 1998 to 2006. His career started when he worked with Scottish Amicable in 1977. He then transferred to Halifax Building Society as a managing direction. When he joined Halifax, Crosby helped the company to become a wider financial services company through acquiring two insurance companies. In 2001, he negotiated the merger between Halifax and the Bank of Scotland, hence the creation of HBOS. HBOS became a leader in its 2003 although it suffered from financial trouble in 2002 for bad loans. When it collapsed in 2008, Lloyds TSB took over HBOS in 2009 that formed Lloyds Banking Group.
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Position
It refers to the amount of security either owned or borrowed by a person or a dealer. It’s basically a trade that an investor currently holds ...
Centrally Planned Economy
Economic system in which the state or government make economic decisions. It aims to regulate what is produced and how resources are used and distr ...
Debtor Nation
A nation with a cumulative balance of payments deficit. A debtor nation has negative net investment after recording all of the financial transactio ...
Fool In The Shower
The notion that policies designed to change the economy’s course should be done slowly, instead of all at once. The phrase is attributed to N ...
Discounted Cash Flow - DCF
A valuation method used to estimate the attractiveness of an investment opportunity. Discounted cash flow (DCF) analysis uses future free cash flow ...
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Featured Investment: Annuity
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
