Private Finance – Michael Jordan selling home for $29M
The NBA star is selling his 56,000 square-foot contemporary estate, basketball court built-in.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/Bu8yhgx4BsA/index.html
Month: February 2012
Top 10 consumer complaints
Private Finance – Top 10 consumer complaints For the 12th year in a row, self theft was the number one consumer protest — irking patrons more than debt collectors, imposter scams and shady credit repair companies.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/4K1xVYVlHmg/index.htm
How to cope with toxic colleagues – if you must
Private Finance – How to cope with toxic colleagues – if you must Relentless conflict and lack of sympathy is not only unlikable, it can hurt your health. There are ways to stay sane and protect physically.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/f8AcpABBJkI/
Uncle Sam wants you to rent out its foreclosed homes
Private Finance – Uncle Sam wants you to rent out its foreclosed homes Want to become a landlord in one of the nation’s toughest-hit foreclosure neighborhoods? Well, Uncle Sam has a deal for you.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/4Nq9LD6NPZo/index.htm
Cut Social Security for the rich? We already have.
Private Finance – Cut Social Wellbeing for the rich? We already have. It’s nearly time for one of Washington’s rites of spring: the arrival of the new Social Wellbeing trustees’ report. The report, which is usually issued in April, will show Social Wellbeing’s finances fading because of a higher-than-projected inflation adjustment for 2012. This is likely to touch off a debate over whether to help fix Social Wellbeing’s fiscal harms by denying retirement refund to “the rich.” On the surface, this deal with, known as “means testing,” sounds fantastic. Eliminating payments to retirees with incomes above a certain level would make more void for folks in need. Those greedy rich need to pay their honest share, right? But here’s a dirty small secret: Social Wellbeing is already from the bottom of your heart means-tested. And my circumstances shows it.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/tGwdPLTXqOI/
Are bonds only for scaredy cats?
Private Finance – Are bonds only for scaredy cats? If you’re investing for retirement that is still more than 20 years away and you do not have inclination to sell when stocks take a dive, is there any benefit to owning bonds at all? Or are bonds only for scaredy cats who will sell their stocks during a market plunge? — Tom McCarthy, Wilmington, Delaware
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/SYD9RYopnaI/index.htm
It’s time to give college a rethink
Private Finance – It’s time to give college a rethink The best part about winter is that I no longer have to endure the fall conversations with parents about how well their freshmen are “fitting in” at college.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/GNxrE8kVh3s/index.htm
SEC Proposes Rules To Help Prevent And Detect Identity Theft
Banking News – SEC Proposes Rules To Help Prevent And Detect Self Theft 
FOR IMMEDIATE RELEASE
2012-34
Washington, D.C., Feb. 28, 2012 – The Securities and Chat Fee today announced a rule bid to help protect investors from self theft by ensuring that broker-dealers, mutual funds, and other SEC-corresponding entities make programs to detect and respond appropriately to red flags.
The SEC issued the bid jointly with the Commodity Futures Trading Fee (CFTC). Section 1088 of the Dodd-Frank Act transferred power over certain parts of the Honest Credit Exposure Act from the Federal Trade Fee (FTC) to the SEC and CFTC for entities they homogenize. The projected rules are substantially similar to rules adopted in 2007 by the FTC and other federal fiscal dictatorial agencies that were earlier vital to adopt such rules.
The rule bid would require SEC-corresponding entities to adopt a written self theft program that would include evenhanded policies and procedures to:
- Spot noteworthy red flags.
- Detect the occurrence of red flags.
- Respond appropriately to the detected red flags.
- Periodically update the program.
The projected rule would include guidelines and examples of red flags to help firms administer their programs.
The bid will be in print in the Federal Catalog with a 60-day public comment period.
# # #
SEC.gov Updates: Press Releases – http://www.sec.gov/news/press/2012/2012-34.htm
FSA warns of £20bn pension transfer bill
Banking News – FSA warns of £20bn pension conveying bill
 A drive to promote defined benefit pension scheme members to go their savings pots out of their employer’s scheme could add cost to companies
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/a128c3c4-6240-11e1-872e-00144feabdc0.html?ftcamp=published_links/rss/companies_financial-air force/feed//product
Provident Financial reports strong growth
Banking News – Astute Fiscal reports strong growth The subprime lender has augmented the number of its credit card customers by 27% as banks and other lenders have pulled back from unsecured lending
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/a39f82b4-6231-11e1-872e-00144feabdc0.html?ftcamp=published_links/rss/companies_financial-air force/feed//product
Investors push for private equity fee cuts
Banking News – Investors push for private equity fee cuts An diligence talks hears that investors want management fees charged only on funds buy-out bosses have used not on overall capital committed to a fund
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/2422628c-622b-11e1-820b-00144feabdc0.html?ftcamp=published_links/rss/companies_financial-air force/feed//product
Ziggo: state of the market
Banking News – Ziggo: state of the market The IPO of the Netherlands’ cable machinist will hold clues for other private equity offerings
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/3/d3f3357a-62d9-11e1-9245-00144feabdc0.html?ftcamp=published_links/rss/companies_financial-air force/feed//product
Insider trading probe broadens to pharma stocks
Banking News – Insider trading probe broadens to pharma stocks FBI widens investigation from tech stocks with 300 people under analysis over hedge fund deals linked to drug praise and takeovers
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/46116d38-624f-11e1-872e-00144feabdc0.html?ftcamp=published_links/rss/companies_financial-air force/feed//product
Dalio takes hedge crown from Soros
Banking News – Dalio takes hedge crown from Soros Bridgewater Pure Alpha made $13.8bn for investors last year, with profits beating its own record for the largest one-year dollar gain
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/99cac558-6238-11e1-872e-00144feabdc0.html?ftcamp=published_links/rss/companies_financial-air force/feed//product
Mobile operators submit pay plan to Brussels
Banking News – Mobile operators submit pay plot to Brussels Several of UK’s largest mobile operators are poised to submit plans for European dictatorial implication, despite the unconventional view of Three
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/05f0e81c-623d-11e1-820b-00144feabdc0.html?ftcamp=published_links/rss/companies_financial-air force/feed//product
CME was subpoenaed in probe of MF Global
Banking News – CME was subpoenaed in probe of MF Global Move by a Chicago grand jury and Washington regulators was part of the federal probe into the makings misconduct in the broker-dealer’s end
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/0c35c6a4-6231-11e1-820b-00144feabdc0.html?ftcamp=published_links/rss/companies_financial-air force/feed//product
BTG takes step towards listing
Banking News – BTG takes step towards listing Brazilian bank set to file brochure this week with an IPO probable to value the lender at up to $14bn
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/0aafe070-6232-11e1-872e-00144feabdc0.html?ftcamp=published_links/rss/companies_financial-air force/feed//product
UniCredit’s Rampl to leave post
Banking News – UniCredit’s Rampl to leave post Dieter Rampl has said he will not seek renewal of his mandate, opening up the possibility of a tussle for role of chairman of Italian bank
FT.com – Banks – http://www.ft.com/cms/s/0/63c80b84-62c2-11e1-9245-00144feabdc0.html?ftcamp=published_links/rss/companies_banks/feed//product
HK and Singapore arms lift StanChart
Banking News – HK and Singapore arms lift StanChart Emerging markets-focused bank reports an 11% rise in profit but warns that the cost of tighter parameter will doubtless weigh on 2012 return on equity
FT.com – Banks – http://www.ft.com/cms/s/0/3ccd6bbc-62a6-11e1-9245-00144feabdc0.html?ftcamp=published_links/rss/companies_banks/feed//product
Wells and Goldman may face SEC charges
Banking News – Wells and Goldman may face SEC charges The banks may face civil charges for allegedly ambiguous investors in the sale of finance-backed securities, marking the next phase of cases tied to the fiscal crisis
FT.com – Banks – http://www.ft.com/cms/s/0/053fae30-6256-11e1-872e-00144feabdc0.html?ftcamp=published_links/rss/companies_banks/feed//product