Citigroup to pay $75 million to settle SEC charges

Thursday 29th of July 2010 10:33:42 PM
Posted by admin / Under Financier

NEW YORK (Reuters) - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday. The SEC also charged a Citigroup executive and a former chief financial officer of misrepresenting the bank's exposure

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Has Obama worn out his welcome on Capitol Hill?

Thursday 29th of July 2010 10:33:42 PM
Posted by admin / Under Financier

For the last year and a half, on issues including healthcare, financial regulation and climate change, Democrats in Congress have bent for President Obama. Then the president asked them to bend yet again. In that exchange, the tension between the White House and the president's Democratic allies spilled over.

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Launch of RCM Fund in Brazil by Allianz

Thursday 29th of July 2010 10:33:42 PM
Posted by admin / Under Financier

The UK’s Financial Services Authority (FSA) has given authorisation to Allianz for the launch of Rosenberg Capital Management (RCM) fund in Brazil on 07 October 2010. The fund will be actively managed by a UK-domiciled Brazilian Open Ended Investment Company (OEIC), something that had never been done before.

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The Repo Rate

Thursday 29th of July 2010 10:33:42 PM
Posted by admin / Under Financier

The Repo Rate or what is now called the Official Bank Rate is the bank rate at which financial institutions can securely borrow money from their own governments. This helps banks stay in business even during...

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Unemployed Loans

Thursday 29th of July 2010 10:33:42 PM
Posted by admin / Under Financier

with the help of unemployed loans, jobless people can meet their financial necessities. Good as well as bad credit loan seekers can execute their multiple needs by acrquiring either secured or unsecured loan option.

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Debt & its Manifestations

Thursday 29th of July 2010 10:33:42 PM
Posted by admin / Under Financier

Debt & its Manifestations - Debt negotiation has different meaning for different people. It can help some to recover back from the debt clutches and make a start for a stable financial standing. Some people find themselves very badly engrossed in the debt trap and their situation cannot be elevated by any amount of

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