April 2009
American International Group plans sale of U.S. auto business, 21st Century Insurance, to Zurich Financial Services
US taxpayer-bailed out insurance giant American International Group Inc. (AIG) is in advanced talks to sell its US personal lines insurance business, 21st Century Insurance, to Zurich Financial Services for about $2bn. Selling the unit, which includes ...
Wells Fargo sees record first-quarter profit approximately $3 billion!
Wells Fargo Expects, a diversified financial services company with $1.3 trillion in assets, Record First Quarter Earnings of Approximately $3 Billion Strong business momentum at Wells Fargo and Wachovia, including $190 billion in mortgage applications ...
March 2009
Institute of International Finance (IIF) says Financial Services Firms Move to Implement Compensation Reforms!
Financial services firms are moving forward with far-reaching changes in their approaches to employee compensation, said the Institute of International Finance (IIF). Firms are proceeding with reforms that are both in line with the principles published...
FIRB extends review of Chinalco-Rio Tinto deal!
The Australian Foreign Investment Review Board (FIRB) has issued an interim order to carry out an additional 90-day review of Chinalco’s proposed strategic partnership with Rio Tinto, after the conclusion of a preliminary 30-day review on March 1...
February 2009
MBIA launches public finance company
MBIA Inc. today announced that it has established a new U.S. public finance financial guarantee insurance company within the MBIA Inc. group by restructuring (the “Transformation”) its principal insurance subsidiary, MBIA Insurance Corporation (“...
December 2008
Reason behind $50B Bernard Madoff's Ponzi Scheme!
A Ponzi Scheme is fairly simple to understand. There are no underlying assets. Instead, the investment from new investors is used to pay off old investors. This could also be the final nail in the coffin in the hedge fund “industry” as anyo...
November 2008
Citigroup New Rescue Package is the greatest heist in American history.
Sadly, it is quite clear now that Paulson is simply another typical Bushevik crony capitalist. As far as he is concerned the bailout money is intended to enrich his friends and everyone else can simply stick it. To the plunderers go the plunder…you...
October 2008
Jeffrey M. Roman CEO of Pangenex: looking for distributors and practitioners
PanGenex Corporation announced today that CEO and President, Jeff Roman, is featured in a broad scope text interview by Eric David Finance, Inc. (EDS). EDS, a Plainsboro, NJ-based Financial Marketing Consulting Firm, specializes in the Micro-Cap indu...
June 2008
6 Things Money Cannot Help you Achieve
(via)Dumb Little Man shares ideas to make the everyday person more productive in life. Expect to read tips on finance, saving money, business, and some DIY for the house.
May 2008
Financial Planning and Real Estate Information and Resources
Selected financial planning and real estate information and resources: mortgages, loans, credit cards, refinancing, debt consolidation, stock investment.
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