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Filed under Banking and Finance
Feb 07
Sunday


Bank of America accused of ‘enormous fraud’


The New York Attorney General is suing Bank of America (BoA) and two of its top executives for an “enormous fraud” on taxpayers and shareholders over the bank's 2008 acquisition of Merrill Lynch. Attorney General Andrew Cuomo’s civil suit alleges that Kenneth Lewis, BoA’s former chief executive, and Joe Price, currently head of the bank’s consumer arm, hid a $16.2 billion pre-tax loss at Merrill from shareholders, then lied to the Federal Reserve and the Treasury to get a $20 billion bailout. “The conduct of Bank of America, through its top management, was motivated by self-interest, greed, hubris and a palpable sense ...continue

Economy & Trade - - comment

China: Chicken after Google

China: Chicken after Google China will impose anti-dumping duties of up to 105.4 per cent on imports of poultry products from the US, opening a new rift between the two countries at the end of a week in which frictions between ... continue

featured - 2010-02-05 - comment

We Still Love Kashmir

We Still Love Kashmir   tu ne ujri hoi janat ko na diakha ho tou Aa meray ujray hoay bikhrey hoay KASHMIR ko diakh "The world cannot know peace until we give its inhabitants its peace and their lands", said Martin Luther King. And ... continue

Industrial News - 2010-02-04 - comment

KPMG sets high consultancy target as accountants rebuild advisory roles

KPMG sets high consultancy target as accountants rebuild advisory roles KPMG, the professional services group, plans to treble its consulting revenues to £600 million in the next four years as it attempts to make up ground on its “Big Four” rivals. The accounting firm, which audits 25 of ... continue

Banking and Finance - - comment

India banking reforms focus on Islamic finance

India banking reforms focus on Islamic finance India is planning to overhaul regulation of its financial system to attract investments from the Gulf and to encourage its largely unbanked Muslim population to save money in a way compliant with their religion, a senior government ... continue

Industrial News - - comment

Deloitte Tops Big Four

Deloitte Tops Big Four Deloitte today announced it was selected as the top Big Four accounting firm service provider by hedge funds with $1 billion or more in assets, ranking second overall, in the Institutional Investor 2009 Alpha Awards. Deloitte has ... continue

Buzz - 2010-02-03 - comment

Deloitte’s Women’s Initiative Receives 2010 Catalyst Award

Deloitte's Women's Initiative Receives 2010 Catalyst Award Deloitte LLP has been named a recipient of the 2010 Catalyst Award, an honor recognizing innovative, effective and measurable initiatives to advance women in the workplace.  Catalyst, a global nonprofit organization dedicated to building inclusive workplaces and ... continue

News - - comment

Free course and refference study books

Free course and refference study books New BPP course notes and other study material updated. Please register and visit our Training /Tips section continue

Buzz - 2010-02-02 - comment

Maximize Career Obstacles With Resumes

Maximize Career Obstacles With Resumes Are you considering a conspicuous vary in your career? Do you seek give down, bored, burnt out? Maybe you conceive there is something large and solon purposeful that you are meant to do. Perhaps your accompany downsized ... continue

Buzz - 2010-02-03 - comment

Deloitte’s Women’s Initiative Receives 2010 Catalyst Award

Deloitte's Women's Initiative Receives 2010 Catalyst Award Deloitte LLP has been named a recipient of the 2010 Catalyst Award, an honor recognizing innovative, effective and measurable initiatives to advance women in the workplace.  Catalyst, a global nonprofit organization dedicated to building inclusive workplaces and expanding opportunities for women and business, cited the achievements of Deloitte's Women's Initiative (WIN), noting it has "created significant change in the company's ... continue

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