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The City’s five biggest banker bonuses since 2006

TheGuardian

2006: Royal Bank of Scotland’s Fred Goodwin is paid £4m Continue reading. Big paydays for the financial sector could be here again as the chancellor considers abolishing the bonus cap As the chancellor, Kwasi Kwarteng , considers scrapping the bankers’ bonus cap, we look back at some of the largest City paydays of recent decades.

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Japan’s Startup Index Soars To Highest Point Since 2006

PYMNTS

The Tokyo Stock Exchange Mothers Index , which tracks Japan’s startups, has climbed back up this year to finally match an earlier high set in 2006. Bloomberg reported that the startup index has gone up by more than 50 percent this year, despite the coronavirus pandemic.

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UK Card Spend Reaches Highest Level Since at Least 2006

FICO

But this year’s rise seems to also have been driven by inflation, pushing the amount of average credit card spend in the UK to the highest level since our UK Risk Benchmarking records began in 2006. This rise occurred in a month when UK retail sales volumes were widely reported as being down relative to past years.

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America: a nation living in the 20th Century

Chris Skinner

Finland stopped using checks in 1993, Poland in 2006 and the Netherlands from the start of next year. When did you last write a check (cheque)? When did you last receive one? Although a valid payment mechanism in some countries, it has been phased out in many.

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Joy to the World … and Please Pay Me!

Chris Skinner

This week sees the launch of the annual John Lewis schmaltzy advert (see every one since 2006 here) and after six on December 5 sees the lighting of the Trafalgar Square … The post Joy to the World … and Please Pay Me! Just over a month away from Christmas and the festive season is off to a rock and roll start.

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Teen Spending Plummets To A 20-Year Low

PYMNTS

Annual spending by teens peaked in 2006 at $3,023, the survey said. Spending on purses and bags peaked in the spring of 2006, as teens said they spent $197 annually on the category, the survey said. The nationwide survey of 9,800 consumers conducted between Aug. 19 and Sept. That’s a 9 percent year-over-year decline.

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UBS to pay $1.43bn in penalties over mortgage fraud prior to 2008 crisis

TheGuardian

The civil action was filed in November 2018 alleging misconduct related to UBS’s underwriting and issuance of residential mortgage-backed securities (RMBS) issued in 2006 and 2007, according to the justice department. Continue reading.

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