George Banks, Mass-Murderer, Too Mentally Ill for Execution
Region: PennsylvaniaGeorge Banks, a Pennsylvania man who killed 13 people in 1982, is too mentally ill to be executed a judge said today. The same judge ruled that Banks was unfit to be executed but reheard the case with new testimony due to ... more
Views: 1020Sub-Prime mess in simple terms
Region: CaliforniaThere has been a lot of talk about the sub-prime loans and the mess it created. It is touted to be one of the worst financial debacles of Wall street in modern times and we still do not know if we are past it. But, how did... more
Views: 696why safe netbanking is first step for every business, and how to deal wih it
Region: AustraliaAre you one of those wizards whose Internet banking password is `Password123’? You are in August company. Most don't seem to have the patience to create an elaborate password. Your Internet banking account is only as... more
Views: 1059No U.S. Housing Bubble – Just Poor Financial Judgment
Region: United StatesOn March 28, 2008, The Wall Street Journal published a piece by Michael M. Phillips on the destructive behavior of an alarming number of disgruntled homeowners that have found themselves in the final throes of foreclosure ... more
Views: 1839ABL Investers profits Review
Region: Pakistan// Allied Bank Limited (ABL) earned Rs 4,076.158 million in the year ended on December 31, 2007 as compared to Rs 4,397.250 earned in the corresponding period in 2006. The bank's earnings per share stood at Rs 7.57 ag... more
Views: 1416Instant Prosperity and Instant Loan
Region: IndiaThe neighborhood grocery shop where I buy my supplies has a sticker prominently displayed near his counter which reads “Aaj Nagad, Kaal Udhar” (cash today and credit tomorrow). Clearly it is an attempt at dissu... more
Views: 1161What will be the face of Indian banking after 2009
Region: IndiaStark changes are expected in Indian Banking Industry in 2009 when Government and RBI will provide level playing field to foreign banks vis-a-vis to domestic banks. What are the challenges ahead for PSU Banks of India? In... more
Views: 692Why banks undersell NPAs?
Region: IndiaBanks have sold their NPAs for a price lower than the net present value of the future cash flows that the sale of the security can generate. Obviously, there is more to it than meets the eye. Banks have overstated the valu... more
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