Bank of Japan (BoJ), Japan’s central bank increases its stimulus measures to further encourage finacial institutions to lend more.
The stimulus expanded to 20 trillion yen (£145bn; $220bn) an amount being offered as short-term loans for banks.
However, BoJ still recognizes the pressures brought upon by deflation. BoJ encourages the uncollateralized overnight call rate to [...]
There are new credit card rules which every credit cardholder should know about. Why? For the very reason that those rules are made for the benefit of the cardholder. Starting today, those rules would take effect and it would be very wise if you knew about them so you are not left in the dark. [...]
Is the Bank of America website down for you? you and everyone else asks.
Yes! The official Bank of America website has been down all morning and there are rumors circulating saying that it may be a DNS (Domain Name System) issue or a cyber attack. Basically, “the DNS system is supposed to convert number codes [...]
Goldman Sachs, pegged as the most successful investment bank that was able to stand up against the global recession, announced its recent earnings results. Investment banks like Goldman Sachs are said to have big bonuses for its employees most especially for its executives.
According to its recent earnings announcement, Goldman Sachs on Thursday reported earnings of [...]
The second investment bank that announced it earnings this year is no other than the US largest lender – Bank of America. Bank of America was just second after JP Morgan announced its 4th quarter earnings weeks ago.
Bank of America Corporation today reported full-year 2009 net income of $6.3 billion, compared with net income of [...]
January 20, 2010 | Posted in
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The Financial Crisis Inquiry Commission (FCIC) is a ten-member commission appointed with goal of investigating the causes of the financial crisis of 2007–2010. The Commission was created by section 5 of the Fraud Enforcement and Recovery Act of 2009 (Public Law 111-21), signed into law by President Barack Obama on May 20, 2009
The Financial Crisis [...]
Chelsea Clinton (daughter of former President Bill Clinton) and boyfriend Marc Mezvinsky are engaged!
Seems like a long and lasting love for the two as they were school sweethearts at Stanford University where they both met. Mezvinsky is the son Marjorie Margolies-Mezfinsky (former Pennyslvania Rep.) and Ed Mezvinsky (Iowa Rep.). He now works at Goldman Sachs [...]
November 30, 2009 | Posted in
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Everyone is getting ready with the much awaited big discount sales in the country. Best and hottest deals and discounted prices for wide range of products like clothing, appliances, gadgets, cars, foods and travels will be rampant in few giant stores particularly in Walmart, Best Buy and Target. This is it, the Black Friday 2009 [...]
November 19, 2009 | Posted in
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CIT Group, the 101-year old American commercial and finance company filed Chapter 11 Bankruptcy filing today. With $71 billion in assets and $64.9 billion in liabilities, CIT Group is the 5th largest Chapter 11 bankruptcy cases in US’ history.
The bondholders of the company, the largest of which is the well known Carl Icahn, one of [...]
I just read over at CNET Asia that Nokia will be offering financial services and mobile banking early next year. As Damian Koh reported, “This is based on US mobile payment solutions provider Obopay’s platform and will allow both Nokia and non-Nokia handset users who don’t have a bank account to carry out basic financial [...]
