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Financial News Financial aid award letters For the monthly financial aid newsletter. Shaw Capital Management Financial News: Wall St. Banks Expected to Post Weak 2nd-Quarter Results Article by Shaw Financial By ERIC DASHPublished: July 10, 2011Only a few short months ago, JPMorgan Chase traders were on such a roll that they did not have a single losing day in the first quarter.But when the bank reports its second-quarter results this week, that hot streak will have come to an end. Analysts expect JPMorgan to count an almost 20 percent drop in its sales and trading revenues, reflecting a slowdown in investor activity and the dismal performance of its fixed-income and commodities groups.Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are expected to report similar news. After helping prop up Wall Street during the financial crisis, core trading revenue is projected to drop, on average, by as much as 25 percent from the first quarter, according to Credit Suisse research.That will put further pressure on the banks' growth prospects, which are already strained by stagnant loan growth and more stringent regulation. It is also prompting nearly every major Wall Street firm to contemplate another round of layoffs amid growing concerns that at least part of the weak results are permanent."We are undoubtedly being impacted by lower levels of activity," said William Tanona, a financial services analyst with UBS. "There is a lot of uncertainty out there."Together, the five Wall Street banks are still going to take in more than billion from their core trading operations, largely from business done on behalf of clients. For example, the banks routinely help airlines hedge oil prices or bring together buyers and sellers of stock, bonds and other complex securities - often putting their own money on the line to facilitate a trade. But during the second quarter, the business was particularly hard hit.Trading volumes fell sharply as investors became unner

Countless of outdated mobile phones languish in cupboards and drawers across the UK, and there are dozens of websites that will offer you cash for old handsets - but are you getting a good deal, watch out for scams online. Good thing we have Shaw Capital Management here to keep you updated. In offering money for a used, frequently useless phone, mobile phone 'recycling' companies usually sell of those handset devices rather than recycling it in order for them to provide a unique perfect service. The process goes like this; Customers will enter to- the make and model of their phone, its condition, and some personal details into a website. A quote appears and the company sends out a freepost envelope. Pop the phone in the envelope, then the Customers will send it back to the company and within a few days the money will arrive via cheque or in your bank account. At least, that is how it is supposed to work. But if customers are not careful they can end up with a bad deal - or nothing at all. To test the market, one of the customers searched online and found what appeared to be a good offer: £65 for his old phone - a handset he had bought three years ago. He posted it and waited for the bank transfer. But after Cash4Phones examined his used phone, He got an email informing that "excessive wear and tear" meant the company could only give him £39.33.He had five days to accept. After He complained - the phone is virtually free of scratches and the screen is intact - the company upped its offer to the original price. On one popular phone recycling forum, we found close to a hundred similar complaints about Cash4Phones offering less than its original quote because of "wear and tear" - far more than nearly any other company. Most of the complaints appeared to be resolved on the forum after Cash4Phones increased its offer, and the company says online forums are skewed towards people who are dissatisfied. It says it has many more customers who

GOVERNMENT shelling out reductions will contribute to a 22% begin repossessions next year, a grim review warned yesterday. The Council of Mortgage Lenders said 45,000 families may lose their homes in 2012, up from 37,000 this year. While, that would still be fewer than the 47,900 forced to hand back the keys in 2009, it is part of a broader malaise intimidating the housing market.Based from the Shaw Capital Management, The CML says that it should also expect ­mortgage lending to contract and the amount of home buyers slipping behind with loan repayments to go up. There are around 166,000 people as its approximations with delinquencies of more than 2.5% today, down from 196,000 in 2009.But it should expect this total to go up again to 180,000 next year as Government reductions lead to rising unemployment and wage goes up again fail to keep rate with living costs. Bob Pannell, CML chief economist, said: "With higher ­unemployment and the likelihood of real incomes controlling at best over the course of the year, we should expect to see greater financial stress."The CML predicts net lending, the total of new lending after repayments, will plunge to £5billion next year from £9billion this year and £41bn in 2008.According to the Shaw Capital Management,The amount of properties altering hands will also slide to 825,000 from 852,000 expected this year and 901,000 in 2008 as the credit crunch started. Richard Sexton, director of e.surv chartered surveyor, warned the eurozone crisis would make it more robust for banks to boost funds for lending. With buyer assurance low and credit conditions "congealing", he said mortgage rates would rise while lending to people with small deposits falls."The recent international economic uncertainty has dented the mortgage market with gives off that will leave it still groggy in the New Year," he said. Campbell Robb, chief executive of Shelter, said: "We have been warning that increasing numbers of homeowners are straini

Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies. We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month. Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more! With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills. Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.