Urgent bank reforms
Finance ministers from both rich and developing nations have called for an immediate reform of the banking systems in developed countries.
Archive for category Financial News
Have the tables really turned?
It appears the economic crisis is tilting the balance of power gradually away from the U.S. It seems Washington is beginning to relate to China as a respected partner. The tables seem to have turned around and this time it is the US who is having to answer to China for not behaving properly (financially).
It appears some bank have not learnt from the financial crisis. Perhaps they enjoy taking risks and have forgotten the difference between a well calculated risk from an irresponsible one. Read the rest of this entry »
The Credit Card Law: Credit Card Accountability, Responsibility and Disclosure Act will be implemented step by step between August this year to August 2010. The law contains 13 main executive directives. These are as follows: