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Well, with so many billions washed out in 2008, it looks like banks don't think a billion is too much! See this hilarious news item - http://news.bbc.co.uk/1/hi/scotland/glasgow_and_west/7804876.stm W...
The burgeoning financial crisis is throwing up some unique offerings to consumers. Consumers now have more options - both for products and methods of purchase. This festive season, if you don't relish...
Whew! 52,000 jobs at Citi are going to be axed. This must be a new record on job cuts by a running firm. Citi's communique in their town hall yesterday makes an interesting read. See http://www.cit...
As the Central banks across the world are pumping money into banks and the rest of the economic world watches the bailout, it is no wonder that every entity now wants to be a bank. And why not, you le...
I found this news release by the FBI quite amusing - http://www.fbi.gov/page2/oct08/threatletters_102308.html It seems 'a series of threatening letters filled with an unknown powder started showing u...
The move towards Internet telephony seems to suggest a new line of security issues. Given the extensive use of Skype and other internet telephony tools, due to their inherent economical costs, it is b...
There is a lot of humor now doing the rounds on the credit crisis. Obviously the joke is on us! I got the below mentioned 'request' in my inbox. If only the US Treasury gets so creative as the Nigeria...
The World Economic Forum has released the inaugural Financial Development Report. This report ranks the world's leading financial market-countries on where they stand across various parameters. See he...
It is pleasing to note that the Godzilla of the Web Google Inc and banking behemoth HSBC are joining forces. Their union is for a good cause - providing high speed internet to the next 3 billion who a...
The Internet is abuzz with the news of Goliath Google preparing to unleash its net browser on the world. This seems to be an almost messianic deliverance for geeks and Net-junkies. See http://www.bus...
We all know how much of money and effort it takes to manage Operational Risk for a financial institution. The thousands of 'person-hours' of Risk, Compliance, IT, Operations, ete have to put in BCP, D...
I have been reading the news items on the volume of counterfeit notes surfacing in India. It looks like more than half a billion dollars worth of fake rupees are circulating around the country. The ba...