Banking News – CICC head of investment banking quits
 The head of investment banking at China Global Capital Corp has become the latest and most senior in a string of top executives to abandon China’s oldest and most respected investment bank
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/45303f42-14c7-11e0-9b5f-00144feabdc0.html?ftcamp=rss
Month: December 2010
CICC head of investment banking quits
Banking News – CICC head of investment banking quits The head of investment banking at China Global Capital Corp has become the latest and most senior in a string of top executives to abandon China’s oldest and most respected investment bank
FT.com – Banks – http://www.ft.com/cms/s/0/45303f42-14c7-11e0-9b5f-00144feabdc0.html?ftcamp=rss
Economy was defined by struggle in 2010
Accounting News – Economy was defined by struggle in 2010
 
The U.S. –More–
New CD-ROM: The Small Affair Jobs Act of 2010: Tools, Tips, and Tactics.
The just passed Small Affair Jobs Act of 2010 includes a series of proposals that small businesses can benefit from at once. The CD-ROM analyzes & highlights key provisions and clarifies how your small affair clients can benefit from these new opportunities. > Order Now
The just passed Small Affair Jobs Act of 2010 includes a series of proposals that small businesses can benefit from at once. The CD-ROM analyzes & highlights key provisions and clarifies how your small affair clients can benefit from these new opportunities. > Order Now
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3D1926AD44-07E8-407E-A3C4-AFCD177F2CDC%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
Some major banks boost lending to businesses
Accounting News – Some major banks boost lending to businesses 
Demand for affair loans is on the rise, giving in excellent health banks an chance to attract customers away from competitors. –More–
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3DB6CF3021-1C86-47D5-9824-1E137C050D23%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
Challenges await municipal bond issuers in new year
Accounting News – Challenges await public bond issuers in new year 
Next year promises to be challenging for issuers of tax-free public bonds as borrowers adjust to the lack of federally sub –More–
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3D6E922EBD-D7B8-4E1A-A80D-C2E81BE780CC%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
U.S. home foreclosures spiked in Q3
Accounting News – U.S. home foreclosures spiked in Q3 
Finance servicers initiated foreclosure on 382,000 U.S. –More–
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3D6AEA34F1-FA43-44E6-9D55-7D7B72B18BCE%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
Aging boomers will affect U.S. politics and economy
Accounting News – Aging boomers will affect U.S. politics and economy 
Baby boomers triggered sweeping changes in the headquarters, politics and the U.S. –More–
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3D565F89E9-853D-4D85-B033-F8402D484A32%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
Guidance is released on avoiding understatement, preparer penalties
Accounting News – Guidance is unhindered on avoiding irony, preparer penalties 
The Domestic Revenue Service has issued guidance on when leak of a tax-return spot or item mitigates the IRC 6662 –More–
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3DC41E83C2-65B1-4085-A339-72473D5D29C1%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
Companies find ways to avoid tax on foreign profits
Accounting News – Companies find ways to avoid tax on foreign profits 
Affair leaders have been urging lawmakers to suspend a 35% tax on profits transferred to the U.S. –More–
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3D98414ECA-8FBE-4690-AFC9-B0BAF6D7555A%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
Decade ends with the worst stock returns since Great Depression
Accounting News – Decade ends with the worst stock returns since Fantastic Depression 
For stock buyers, the decade coming to an end is the worst they have ever seen, and it could be five or six years before equi –More–
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3DA631E359-3491-498F-A747-94F850C2472D%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
Regulators face daunting rule-writing tasks
Accounting News – Regulators face demoralizing rule-writing tasks 
House of representatives told the Securities and Chat Fee and the Commodity Futures Trading Fee to write set of laws for th –More–
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3D29301719-9B05-4382-B94A-929B5714F13E%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
Economic anxiety in Europe remains high
Accounting News – Fiscal anxiety in Europe remains high 
Early critics of the euro find cold comfort as the fiscal woes of Europe, which has struggled with a debt crisis and bailou –More–
CPA Letter Daily – http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D5B459A62-1BCA-4E9D-B60B-FB8EE986C477%26copyid%3D94B294BA-9EB9-4B34-80D5-C8860E192073%26brief%3Dcpa%26sb_code%3Drss%26%26campaign%3Drss&i=5B459A62-1BCA-4E9D-B60B-FB8EE986C477
Gary Foreman: How to budget when starting a new business
Private Finance – Gary Foreman: How to budget when early a new affair A nervous wife questions for advice on how her family should budget to handle the dithering income that comes with the early of a new affair.
CreditCards.com News: New Frugal You – http://www.creditcards.com/credit-card-news/gary-foreman-schooling-ahead-budgeting-when-early-new-affair-1580.php?aid=2741cce8&rss_lnk=43
American Express Drops Foreign Transaction Fee for Top Cardmembers
Private Finance – American Express Drops Foreign Transaction Fee for Top Cardmembers American Express will phase out foreign transaction fees for
Platinum and Centurion cardholders sometime in the first quarter of
2011, according to company officials. In a proclamation to correspondents,
voice…
CardRatings Credit Card News – http://www.cardratings.com/amex-offers-no-foreign-transaction-fees-2011-platinum-cards.html
Glee Cast and American Express Cardmembers Volunteer with Los Angeles Kids
Private Finance – Glee Cast and American Express Cardmembers Volunteer with Los Angeles Kids Cast members from the hit Fox box series Glee joined forces with American Express cardmembers to add holiday cheer to the lives of Los
Angeles area elementary schoolchildren during December.…
CardRatings Credit Card News – http://www.cardratings.com/american-express-cardholders-volunteer-with-glee-cast-members.html
Make Way for Generation Y
Private Finance – Make Way for Age group Y
How the 77-million-strong Millennials will reshape workplaces and marketplaces in the decades to come.
Kiplinger Private Finance – http://www.kiplinger.com/businessresource/forecast/archive/how-age group-y-will-work-and-live.html
For Some Community Banks, a Sale May Be the Only Way Out of Tarp
Banking News – For Some Union Banks, a Sale May Be the Only Way Out of Tarp Several banks rushed to repay funds under Tarp in December, but hundreds head into the new year reckless for an exit approach, even if it means selling.
Union Banking – http://www.americanbanker.com/issues/176_1/sale-may-be-only-way-to-exit-tarp-1030571-1.html
North Valley Move Aids Nasdaq Listing
Banking News – North Valley Go Aids Nasdaq Listing North Valley Bancorp in Redding, Calif., announced that it has concluded a 1-for-5 reverse stock split.
Union Banking – http://www.americanbanker.com/issues/176_1/north-valley-go-aids-nasdaq-1030567-1.html
Heartland Merging Pair of Iowa Banks
Banking News – Heartland Merging Pair of Iowa Banks Heartland Fiscal USA Inc. in Dubuque, Iowa, is combining the charters of two banks.
Union Banking – http://www.americanbanker.com/issues/176_1/heartland-merging-iowa-banks-1030566-1.html
Santa Lucia CEO Returns in Credit Role
Banking News – Santa Lucia CEO Returns in Credit Role Santa Lucia Bancorp in Atascadero, Calif., which is in commission under a written contract with the Federal Reserve, has brought back a former head and chief executive to help it work …
Union Banking – http://www.americanbanker.com/issues/176_1/santa-lucia-ceo-returns-1030565-1.html