Month: March 2012

MasterCard and Visa warn of data breach

Banking News – MasterCard and Visa warn of data breach
&nbspThe companies said they had alerted card issuers a propos fiscal proclamation that may have been unnatural after Global Payments’ system was accessed
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/cf2c04a0-7a89-11e1-8ae6-00144feab49a.html?ftcamp=published_links/rss/companies_financial-air force/feed//product

Much at stake for Co-op as talks teeter

Banking News – Much at stake for Co-op as talks teeter
&nbspAn chance to make a serious rival to the huge five banks may be idle if Lloyds Banking Group fails to agree with its ideal bidder
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/24c18204-7a72-11e1-9c77-00144feab49a.html?ftcamp=published_links/rss/companies_financial-air force/feed//product

Wm Morrison bids to bolster staff saving

Banking News – Wm Morrison bids to bolster staff saving
&nbspSupermarket chain to launch cash balance pension schemes for labor force and to promote fiscal culture and saving as a way of adding to skills
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/1ee7dd24-7a86-11e1-8ae6-00144feab49a.html?ftcamp=published_links/rss/companies_financial-air force/feed//product

Peer-to-peer lenders gain traction

Banking News – Peer-to-peer lenders gain footing
&nbspAlthough “social lending” websites offer no safety net for depositors, the deputy prime minister believes they can improve access to finance
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/81f595d8-78c8-11e1-9f49-00144feab49a.html?ftcamp=published_links/rss/companies_financial-air force/feed//product

Laxey urges 3i to sell off investments

Banking News – Laxey urges 3i to sell off funds
&nbspActivist hedge fund calls for halt to funds and sale of void worth until group’s shares trade above underlying net asset value
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/cfc32ba4-7a76-11e1-9c77-00144feab49a.html?ftcamp=published_links/rss/companies_financial-air force/feed//product

Optimal Payments revenues more than double

Banking News – Optimal Payments revenues more than double
&nbspOnline dispensation company in pre-tax loss of $26.2m due partly to a $21m writedown of its Neteller affair
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/256bc056-7a78-11e1-8ae6-00144feab49a.html?ftcamp=published_links/rss/companies_financial-air force/feed//product

Much at stake for Co-op as talks teeter

Banking News – Much at stake for Co-op as talks teeter
&nbspAn chance to make a serious rival to the huge five banks may be idle if Lloyds Banking Group fails to agree with its ideal bidder
FT.com – Banks – http://www.ft.com/cms/s/0/24c18204-7a72-11e1-9c77-00144feab49a.html?ftcamp=published_links/rss/companies_banks/feed//product

Troubled Game Group nears rescue deal

Banking News – Uneasy Game Group nears rescue deal
&nbspVideo games seller could unveil deal for OpCapital to buy it out of handing out next week potentially saving nearly 3,000 jobs
FT.com – Banks – http://www.ft.com/cms/s/0/57308c7a-7a91-11e1-8ae6-00144feab49a.html?ftcamp=published_links/rss/companies_banks/feed//product

Europe warned crisis not over yet

Banking News – Europe warned crisis not over yet
&nbspConfidential papers say cheap LTRO loans had provided merely a official pardon and more action needed
FT.com – Banks – http://www.ft.com/cms/s/0/e07e1b8e-7a8a-11e1-8ae6-00144feab49a.html?ftcamp=published_links/rss/companies_banks/feed//product

Peer-to-peer lenders gain traction

Banking News – Peer-to-peer lenders gain footing
&nbspAlthough “social lending” websites offer no safety net for depositors, the deputy prime minister believes they can improve access to finance
FT.com – Banks – http://www.ft.com/cms/s/0/81f595d8-78c8-11e1-9f49-00144feab49a.html?ftcamp=published_links/rss/companies_banks/feed//product

Verizon researchers claim 97 percent of data breaches could have been prevented

Private Finance – Verizon researchers claim 97 percent of data breaches could have been not permitted
&nbspCredit card numbers, email addresses, and passwords were just some of the 174 million compromised records the Verizon RISK Team studied for their annual review of the nation’s data wellbeing.…
CardRatings Credit Card News – http://www.cardratings.com/verizon-researchers-claim-97-percent-data-breaches-could-have-been-not permitted.html

Ivies post record low acceptance rates

Private Finance – Ivies post record low acceptance rates
 Your odds of getting into one of the nation’s most exalted colleges are reduction.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/MFqiNharii4/index.htm

FHA to make it harder to land a mortgage

Private Finance – FHA to make it harder to land a finance
 The Federal Housing Handing out is about to make it even tougher to borrow money from Uncle Sam to buy a home.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/p1wlaKd573c/index.htm

Investment and vacation home sales soar in 2011

Private Finance – Investment and trip home sales soar in 2011
 Sales of investment properties and trip homes soared last year as investors snapped up homes that were selling at beaten down prices.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/0PP1IpPUxaE/index.htm

There is no student loan ‘crisis’

Private Finance – There is no student loan ‘crisis’
 Total student loan debt has topped $1 trillion….but there’s no need to panic.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/KDK5qVJFEM0/index.htm

Harvard startup to sell B-school admissions essays

Private Finance – Harvard startup to sell B-school admissions essays
 Six Harvard MBAs have won over their age group to cough up their admissions essays for free, so they can sell them to applicants.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/7Qj0Hd-uJjM/

The skinny on student loans

Private Finance – The skinny on student loans
 More students are relying on loans to help finance their single’s degree, and the amount they’re borrowing is getting a lot steeper too.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/sgHls-m6oh0/index.htm

Health reform’s tax bite

Private Finance – Health reform’s tax bite
 No one knows for sure what the Supreme Court will do with health care reform. But unless it strikes down the whole law, millions of wealthy families can expect a tax boost come January.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/USuryC-dWUI/index.htm

Tarp-Laden Banks Could Spur M&A in North Carolina

Banking News – Tarp-Laden Banks Could Spur M&A in North Carolina
&nbspMore than 20 banks in the state are still in the Reserves Sphere’s program with limited options to get out. Selling could be the best key, diligence observers say.
Union Banking – http://www.americanbanker.com/issues/177_62/tarp-acquisitions-intensity-capital-carolina-1047990-1.html

Wilshire Buys Back Its Own Shares at TARP Auction

Banking News – Wilshire Buys Back Its Own Shares at TARP Auction
&nbspWilshire Bancorp in Los Angeles has exited the Uneasy Asset Relief Program by repurchasing the bulk of its shares it issued to the Reserves Sphere at a slight money off.
Union Banking – http://www.americanbanker.com/issues/177_62/wilshire-tarp-auction-shares-buyback-1047988-1.html