Private Finance – Seniors: We need our Social Wellbeing!
Don’t you dare deny our Social Wellbeing payments!
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/_hPhHJXlahE/index.htm
Month: July 2011
SEC Office of the Chief Accountant Names Academic Fellow
Banking News – SEC Office of the Chief Accountant Names Literary Fellow
 The Securities and Chat Fee’s Office of the Chief Accountant today announced the choice of Urton Anderson as Literary Accounting Fellow for a one-year term admittance this summer.
SEC.gov Updates: Press Releases – http://www.sec.gov/news/press/2011/2011-159.htm
Jail for former SAC Capital manager
Banking News – Jail for former SAC Capital manager
 One of four hedge fund employees arrested in February receives a 30-month condemn for trading on inside in rank
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/5d45aefc-ba0b-11e0-b7a9-00144feabdc0.html?ftcamp=rss
Ruling likely to slash Madoff pay-outs
Banking News – Ruling likely to slash Madoff pay-outs
 Judge says that the court-appointed trustee cannot pursue third parties for allegedly violating their duties in failing to detect the fraud
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/1fcfff4a-ba1b-11e0-b7a9-00144feabdc0.html?ftcamp=rss
Soros move invites reflections
Banking News – Soros go invites reflections
 Fund group’s go to close its door to outside investors puts focus on the life of global finance’s most flourishing risk taker
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/668353ac-b9f7-11e0-b7a9-00144feabdc0.html?ftcamp=rss
Why Soros wants to spend less time with his money
Banking News – Why Soros wants to spend less time with his money
 Unlike Black Wednesday or the baht depreciation, in the last crash he was along for the ride, not leading the attack, writes James Mackintosh
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/499772d8-ba0a-11e0-b7a9-00144feabdc0.html?ftcamp=rss
Nomura unveils cuts at wholesale division
Banking News – Nomura unveils cuts at indiscriminate rift
 Bank to trim $400m from the unit after a Y15bn loss in a setback that highlights the challenges it faces to expand its global incidence
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/ec338f84-b9cb-11e0-8171-00144feabdc0.html?ftcamp=rss
OFT refers audit firms for competition probe
Banking News – OFT refers audit firms for struggle probe
 The UK market for auditing, dominated by the Huge Four accountancy firms, will be referred to the Struggle Fee
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/70bf362e-b9d9-11e0-8171-00144feabdc0.html?ftcamp=rss
Temasek to buy HK mall for $2.4bn
Banking News – Temasek to buy HK mall for $2.4bn
 Deal is first Hong Kong money-making material goods venture for Mapletree Funds, the real estate arm of Singapore’s state investment fund
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/65b0f240-b99d-11e0-89ee-00144feabdc0.html?ftcamp=rss
European banks face up to reality of job cuts
Banking News – European banks face up to reality of job cuts
 Credit Suisse and UBS blame the cost-cutting on weak trading circumstances and the ongoing independent debt crisis, which have hit profits hard
FT.com – Banks – http://www.ft.com/cms/s/0/fe8d01ce-b9e9-11e0-8171-00144feabdc0.html?ftcamp=rss
Nomura unveils cuts at wholesale division
Banking News – Nomura unveils cuts at indiscriminate rift
 Bank to trim $400m from the unit after a Y15bn loss in a setback that highlights the challenges it faces to expand its global incidence
FT.com – Banks – http://www.ft.com/cms/s/0/ec338f84-b9cb-11e0-8171-00144feabdc0.html?ftcamp=rss
Bad debts still rising at N Rock unit
Banking News – Terrible debts still rising at N Rock unit
 Lender’s ‘terrible bank’ repays £1bn to regime in first half of year
FT.com – Banks – http://www.ft.com/cms/s/0/a2411646-b9c4-11e0-8171-00144feabdc0.html?ftcamp=rss
Regulators willing to go easy on banks
Banking News – Regulators willing to go simple on banks
 Watchdogs are set to show lenience if the US debt crisis for the interim hurts lenders’ capital ratios
FT.com – Banks – http://www.ft.com/cms/s/0/77c8d67e-ba28-11e0-b313-00144feabdc0.html?ftcamp=rss
Banking fireman helped countries douse loan woes
Banking News – Banking fireman helped countries douse loan woes
 Derrill Allatt helped governments around the globe, advising them on how to manage their independent debt and how to rescue and stabilise their economies
FT.com – Banks – http://www.ft.com/cms/s/0/f0c27ad0-ba14-11e0-b7a9-00144feabdc0.html?ftcamp=rss
UK banks braced for lending showdown
Banking News – UK banks braced for lending confrontation
 Britain’s banks are braced for a confrontation over contentious affair lending targets when first-half results are probable to show a mixed record of success
FT.com – Banks – http://www.ft.com/cms/s/0/345073e4-b9ff-11e0-b7a9-00144feabdc0.html?ftcamp=rss
Rating move shocks CMBS investors
Banking News – Rating go shocks CMBS investors
 Moves are highly unusual and have upset investors in the market, an vital source of money-making credit for the wider US economy
FT.com – Banks – http://www.ft.com/cms/s/0/fa829050-ba00-11e0-b7a9-00144feabdc0.html?ftcamp=rss
Storm gathers over Cyprus
Banking News – Storm gathers over Cyprus
 Concern is mounting that Cyprus may join Greece, Ireland and Portugal as the next ward of the European Union’s new bail-out fund
FT.com – Banks – http://www.ft.com/cms/s/0/7c385916-b9c2-11e0-8171-00144feabdc0.html?ftcamp=rss
UK lending sluggish in June
Banking News – UK lending slow-moving in June
 Bank of England says decline reflects reduced lending to handing out and support air force sector and to manufacturing
FT.com – Banks – http://www.ft.com/cms/s/0/b490e408-b9c3-11e0-8171-00144feabdc0.html?ftcamp=rss
THE EFFECT OF USING THE INTERNAL AUDIT FUNCTION AS A MANAGEMENT TRAINING GROUND ON THE EXTERNAL AUDITOR’S RELIANCE DECISION
Accounting News – THE EFFECT OF USING THE INTERNAL AUDIT FUNCTION AS A MANAGEMENT TRAINING GROUND ON THE EXTERNAL AUDITOR’S RELIANCE DECISION
 William F. Messier, J. Kenneth Reynolds, Chad A. Simon, and David A. Wood<br/> This study examines how using the domestic audit gathering (IAF) as a management schooling ground (MTG) affects outdoor audit fees and the outdoor auditors’ perceptions of the IAF. Over half of all companies that have an IAF particularly hire domestic auditors with the purpose of rotating them into … [The Accounting Review doi:10.2308/accr-10136] posted Thu Jul 28, 2011.
The Accounting Review – http://link.aip.org/link/doi/10.2308/accr-10136
Disclosure Tone and Shareholder Litigation
Accounting News – Leak Tone and Shareholder Legal action
 Jonathan Rogers, Andrew Van Buskirk, and Sarah L. C. Zechman<br/> We examine the family member between leak tone and shareholder legal action to set up whether managers’ use of optimistic foreign language increases legal action risk. Using both general-purpose and context-point text dictionaries to place a figure on tone, we find that plaintiffs target more optimistic proclamation … [The Accounting Review doi:10.2308/accr-10137] posted Thu Jul 28, 2011.
The Accounting Review – http://link.aip.org/link/doi/10.2308/accr-10137