Financial Review Corliss Group Online Magazine: Japan's Amazing 25-Year Post-Bubble Drama - 1 views
image
Group items tagged
Financial Blog Corliss Group Lenders Fear Spread of Chinese Commodities Fraud Case - 2 views
-
britneypearce on 12 Jun 14Large banks and trading firms are frantically trying to determine whether they have fallen victim to a suspected commodities fraud emanating from the giant Qingdao Port in northeast China. Citigroup and several other large Western banks are concerned that their loans may lack the appropriate collateral, big stockpiles of copper and aluminum at the port. The banks have inspectors on the ground who are trying to assess whether enough of the metals are there. The worry stems from suspicions that a Chinese companies pledged the same collateral for multiple loans. Chinese authorities are investigating the matter. The case could have broad repercussions for the commodities market and the Chinese economy. Banks have funneled billions of dollars into the Chinese economy through these murky transactions, and commodities prices have been falling over concerns that such lending will dry up. Western banks, including Citigroup, are bracing for any potential fallout. Just months ago, Citigroup fell victim to a multimillion-dollar fraud in Mexico. If the Qingdao developments harm the bank, regulators and shareholders are likely to press it to explain why its controls had failed again. Chinese companies are at risk, too.
Financial Blog Corliss Group: 20 essential pre-flight checks for investors - 1 views
Financial Blog Corliss Group: 20 essential pre-flight checks for investors The simple checklists used by pilots and doctors every day have saved countless lives. Use these investment checklists to...
Financial Blog Corliss Group| The Motley Fool: Every Sunday, Useful Tips on Investing - 2 views
Q: What's a leveraged buyout? A: A leveraged buyout (LBO) is when a company is bought out by another entity (or entities), using a lot of debt. Private-equity investors are typically invo...
Financial Blog Corliss Online Group: Two Systems, One Country - 1 views
The brutal attack on the former chief editor of a major Hong Kong newspaper has appalled and shocked this city, where violent crimes are rare. Kevin Lau Chun-to, a veteran journalist who had just s...
Financial Blog Corliss Online Group: Another deficit of clear thinking among Hong Kong'... - 1 views
Philip Bowring is appalled by the report on fiscal planning(http://www.scmp.com/comment/insight-opinion/article/1443828/another-deficit-clear-thinking-among-hong-kongs-fiscal) that seeks to preserv...
Financial Blog Corliss Group: Wall Street accountable after the crisis - 2 views
-
How the Government Botched Its Effort to Hold Wall Street Accountable After the Crisis The Department of Justice (DOJ) fell down on many of its efforts to hold Wall Street accountable for mortgage fraud after the crisis, according to a new audit from the U.S. Department of Justice Office of the Inspector General (OIG). The DOJ promised the public that it would place a priority on going after mortgage fraud. But the report finds that "DOJ did not uniformly ensure that mortgage fraud was prioritized at a level commensurate with its public statements." One telling example is that the Federal Bureau of Investigation (FBI) ranked mortgage fraud as the lowest threat in its lowest crime category. The OIG also visited FBI field offices in Baltimore, Los Angeles, Miami, and New York and found that either it was a low priority or not even listed as a priority. Meanwhile, the FBI got $196 million in funding to investigate mortgage fraud between 2009 and 2011, yet the number of agents doing the investigation decreased in the same time, as did the pending investigations. More related issue from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ http://corlissonlinefinancialmag.blogspot.co.uk/ http://www.pinterest.com/geraldhussen/corliss-online-financial-mag/
Financial Blog Corliss Group: Russia Admits That Its Economy Is In Crisis - 1 views
-
MOSCOW (Reuters) - Russia's government acknowledged for the first time on Monday that the economy was in crisis, undermining earlier attempts by officials to suggest albeit weakening growth it could weather sanctions over Ukraine. Moscow markets wait to see the full scale of western measures over the seizure of Ukraine's Crimea and support of its referendum to join Russia, after losing billions of dollars in recent weeks in state and corporate money. More from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ https://www.facebook.com/corlissonlinefinancialmag https://twitter.com/CorlissGroupMag
Financial Blog Corliss Online Group: Barcelona have transfer budget of up to 60 million... - 1 views
BARCELONA (Reuters) - Barcelona will have up to 60 million euros to spend on new players in the close season, according to the man in charge of their economic affairs.( https://news.yahoo.com/barce...
Financial Blog Corliss Group: From Corporate Giants to Main Street, Fraud is on the Rise - 1 views
Investors, analysts and corporate directors rely on external audits to keep companies honest. But a new study says audits are woefully ineffective at uncovering fraud. In fact, more than twice as m...
Financial Blog Corliss Group - Here's a tip: rubbish can be a dirty word - 2 views
Call him Matt Black, which is not his real name. He looks like a clean-cut junior executive, but he has a dirty little secret. These days Black is a regular lilywhite. He's a husband and father an...
Financial Blog Corliss Group: Desperate for breathing room - 1 views
-
The slowdown in the economy after 2010-11 has had a ripple impact on the fortunes of India Inc. and lenders alike. With gross domestic product (GDP) growth decelerating from 8.4 per cent in 2010-11 to the sub-five per cent level in the first three quarters of the current financial year, the number of companies seeking succour from lenders under the aegis of the corporate debt restructuring (CDR) cell had almost doubled to 605 as of December 2013 against 305 as of March 2011. Further, there has been a 194 per cent jump, from []1,38,604 crore at the end of March 2011 to []4,07,656 crore as of December 2013, in the amount of loans that came up for recast. Therefore, it is not surprising that bank managements, in their internal meetings and conferences with the media and analysts, are devoting as much time fielding questions on the loans that had to be restructured in a quarter vis-à-vis loans that have gone sour. More related issue from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ http://corlissmag.livejournal.com/
Global Economy to Grow Less Than Expected by Financial Blog Corliss Group - 2 views
-
By Maria Gallucci - Global economic growth is expected to dip this year, following the fiercely cold winter that plagued the United States and turbulence in Ukraine and the world's financial markets. The World Bank on Tuesday said it reduced its global growth forecast to 2.8 percent this year, down from a January projection of 3.2 percent, Bloomberg News reported. The U.S. forecast was cut to 2.1 percent from 2.8 percent, and outlooks for Brazil, Russia, India and China also fell -- a sign that emerging economies aren't moving fast enough or investing sufficiently in domestic structural reforms, which are needed to accelerate economic expansion, according to the Washington-based institution. It recommended smaller budget deficits, higher interest rates and productivity-boosting measures to stave off future financial unrest, Bloomberg said. The growth setbacks, however, might be short-lived. The 2015 projection for global economic growth held steady at 3.4 percent, Bloomberg noted, and growth is expected to regain speed this year despite earlier weaknesses, the World Bank said in its Global Economic Prospects report. "The financial health of economies has improved. ... But we are not totally out of the woods yet," Kaushik Basu, the lender's chief economist, said. "A gradual tightening of fiscal policy and structural reforms are desirable to restore fiscal space depleted by the 2008 financial crisis. In brief, now is the time to prepare for the next crisis."