Martin Stabe

Banks have paid more than $100bn in legal settlements with US regulators since the financial crisis, data compiled by FT reporters shows.

Update, August 7: Bank of America’s $16bn settlement over allegations of misselling mortgage-backed securities brings the total for the first eight months of 2014 to more than $50bn, exceeding the total collected in the whole of 2013. 

More millionaires migrated to the UK between 2003 and 2013 than to any other country worldwide, and London topped the rankings for millionaire residents in a single city.

A net flow of 114,100 dollar millionaires flocked to the UK over the decade in question, taking the country’s total to 815,000, or 13 people per 1,000 residents.

More than 60 per cent of millionaires moving to the UK since 2003 were from Europe, according to the report compiled by specialists in wealthy individuals, New World Wealth. The figures exclude the value of primary residences.

 

Members of the professional middle class in England and Wales have seen a rapid decline in their options when looking for a place to buy a house. The number of electoral wards where the average property price is above the affordability threshold has risen from just 101 (1.1 per cent) in 1995 to 489 (5.7 per cent) in 2012.

Martin Stabe

Surprisingly strong Christmas period retail sales data out today showed that UK shoppers spent 7.1 per cent more than in December 2012. 

London is getting younger. In contrast, the UK as a whole is getting older.

At least since Michael Goldfarb’s incendiary op-ed in the New York Times, there has been discussion about a “great exodus” from London. This chart shows that there is nothing new in recent history about net internal emigration from the capital. …

 

Martin Stabe

Will your area of London be affected by the closure of ten fire stations today?

This map divides London into regions around each existing fire station. In areas shaded dark red, the nearest fire station will be closed. In regions shaded lighter red, the local station will lose a fire engine or specialist rescue unit. In blue-shaded regions, the nearest fire station will gain an additional fire engine.