Red Flags of Investment Fraud
This week, I taught my Rutgers students about investment frauds like Pyramid and Ponzi schemes. Each year, thousands of consumers lose billions of dollars to fraud. Con artists use chat rooms and social media to...
FINANCEFREE
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My Take-Aways From the Jump$tart National Educator Conference
Last week, I attended the 2019 Jump$tart National Educator Conference which contained inspirational messages and personal finance updates for personal finance teachers. Below are six of my key take-aways. ¨ Personal Finance is Constantly...
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Ten Indicators of Financial Stress
President Calvin Coolidge once said “There is no independence quite so important as living within your means.” Unfortunately, debt problems often creep up on people gradually until they get to a point where it...
Take-Aways from FPA
Last week, I attended the 2019 Financial Planning Association (FPA) conference which contained inspirational messages and personal finance updates for financial advisors. Below are six key take-aways for consumers: ¨ Prepare Yourself to Succeed-...
Citi plans to wake the sleeping parrot
The FT reports today that Citi is planning to resuscitate its retail presence in Europe by opening flagship stores in the UK, France and Germany. Just as with the Norwegian Blue in the Monty...
Ever Eastward for HSBC
Last week HSBC announced what was the first of what is expected to be a number of changes to the executive management of the Group following the announcement of Stuart Gulliver as the new CEO. As...
"These things happen" says NAB CEO after payments system crashes
Four million customers of National Australia Bank in Australia were left without access to their money for over a week after a corrupt file took down the payments system. The incident arose on Wednesday night ...
Portuguese and Spanish at the helm of Lloyds Banking Group
Four hundred years after the Spanish Armada failed to invade Britain, the Spanish are now firmly in control of two of the largest banks in the UK. The announcement of the first two appointments...
Government has increased the loss of investment banking jobs
As Barclays Capital announces that they will be laying off hundreds of staff, the government needs to take responsibility for this loss of jobs. By consistently calling for a reduction in bonuses the government...
Was PwC able to objectively evaluate RBSG for FSA?
The Financial Services Authority today announced that they were closing their supervisory investigation into the Royal Bank of Scotland Group, as one of the UK banks that required partial taxpayer bailout support. The FSA...
There's no such thing as free banking
John Varley, the outgoing CEO of Barclays, yesterday at the Independent Commission on Banking public meeting said that ‘It is possible that free-if-in-credit banking is a structure that has outlived its time.’ He described...
Standard Life has a Victor Kiam moment
Standard Life has announced today that it is to buy Focus Solutions, the financial services products and consultancy business. Victor Kiam, for those old enough to remember, used to go on television saying that...
How to enter the UK banking market (not for the faint-hearted)
Eric Daniels, the CEO of Lloyds Banking Group has said that the UK Banking sector is competitive, but just how easy it is to enter the market? For a start each of your key...