Thu, 11/11/2010 - 23:38 by Prince damin
London -- Banking regulators in London said Thursday effective November 2011 finance firms would have to tape all conversations on their mobile phones.
The rule will apply to about 16,000 cellphones owned by finance companies, not to private phones, which is one reason the rule, meant to record evidence of market abuse, was considered potentially ineffective, The New York Times reported Thursday.
British bankers are already required to tape phone conversations on hard-wired phones, but new technology has allowed the Financial Services Authority to extend the rule to cover mobile phones.
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Thu, 09/16/2010 - 08:59 by Prince damin
New York -- U.S. banking giant Chase said it would work with customers who had trouble paying bills when the company's online service failed this week.
Accessing accounts through the Internet failed for more than 24 hours, ending Wednesday morning, but customers after that still reported on-again, off-again success logging in, The Chicago Tribune reported Wednesday.
In the digital world, seconds are all but tangible. Celent industry analyst Jacob Jegher said Chase's outage was "an eternity in the online world."
At Chase, 16.5 million customers use their online services, the newspaper said. Bank spokesman Tom Kelly said, "Whatever the issue is, we're happy to talk with them."
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Mon, 08/23/2010 - 22:44 by Prince damin
New York -- Banking on a home's rising value to fund retirement, a staple U.S. financial strategy for decades, may be a thing of the past, economists warn.
"People shouldn't look at a home as a way to make money, because it won't," said Dean Baker, co-director of the Center for Economic and Policy Research, The New York Times reported Monday..
Stan Humphries, chief economist at Zillow, an online real estate marketplace, said there was "no iron law that real estate must appreciate," an observation backed up by the burst bubble in the housing market that began in 2007.
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Sat, 08/14/2010 - 23:50 by Anand Chokkavelu
  
As an investor, it doesn't pay to follow the crowd. |
Thu, 07/15/2010 - 11:15 by Pankaj Damin
Washington -- Banks with customers hurt by the Gulf of Mexico oil spill should speed up loans, ease credit and waive late fees, U.S. banking regulators said Wednesday.
"The regulators encourage financial institutions to work with their customers and consider measures to assist borrowers affected by this situation and its subsequent impact on local communities," the Federal Reserve and all the other U.S. banking regulators said in a statement.
"Efforts taken by financial institutions to work with their borrowers and customers in affected communities, if conducted in a reasonable and prudent matter, are consistent with safe and sound banking practice," the regulators' statement said.
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Fri, 04/23/2010 - 12:07 by Rakhi
Washington -- International efforts to shore up banking regulations have run into "us-versus-them" debates that threaten progress, said a British banking industry attorney.
"This move toward Fortress U.K., Fortress U.S. and Fortress Europe is looming large on the horizon as the worst possible outcome of the crisis," said attorney Bob Penn at Allen & Overy LLP in London, The Wall Street Journal reported Thursday.
As finance ministers from the Group of 20 nations convene in Washington, much of the debate has centered on how much capital banks should be required to set aside as a cushion against losses. Aside from how much should be put in reserve, countries disagree on what assets can be counted as accessible capital.
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Tue, 02/09/2010 - 18:03 by Rick Aristotle ...
Why settle for ordinary quarterly reports?
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Sun, 01/24/2010 - 11:36 by Rick Aristotle ...
A busy trading week kicks off with
Apple (Nasdaq: AAPL) posting its
fiscal-first-quarter results. Apple routinely tops
Wall Street guesstimates, so even though analysts are banking
on a 16% rise in earnings, to $2.07 a share, it's likely that
the actual numbers will be even higher. |
Fri, 04/24/2009 - 22:22 by Inderjit Singh
Washington, April 24-- Unmesh Brahme, an Indian corporate sustainability strategist for one of the largest international banks, has been named as one of 15 Yale World Fellows for this year.
A Yale University announcement Friday described Brahme, Senior Vice President (Corporate Sustainability) at HSBC India as a corporate strategist who promotes socially responsible practices involving communities, stakeholders, and businesses.
Other Fellows include a noted Chinese independent filmmaker, the editorial page editor of Russia's most influential business daily, a Saudi Arabian foundation director and television personality, and a Bangladeshi editor considered an opinion shaper.
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Wed, 04/08/2009 - 21:33 by The Money Times...
Mumbai, April 8: Farhad Irani, a native of India, brings 25 Years of Financial Services Experience to One of PayPal’s Fastest Growing Regions.
PayPal, an eBay company, today announced that it has hired Farhad Irani to lead the company’s business in Asia Pacific.
Reporting to Philipp Justus, PayPal’s senior vice president of global markets, Farhad will manage PayPal’s domestic and cross border business in all of Asia Pacific. Farhad will be based out of PayPal’s international headquarters in Singapore.
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Wed, 03/11/2009 - 09:28 by admin
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Wed, 02/25/2009 - 14:33 by Anand Chokkavelu
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