Posts tagged as:

Financial crisis

More gloom ahead for financial institutions – HSBC cuts jobs

March 2, 2009

With the recent market nervousness that’s been created by the news of AIG and Citigroup both needing urgent funds with one resorting to disposing valueable assets and the other on the verge of nationalisation, yet another news is cropping up from another financial institution.
This time, it is HSBC who needs to raise some $17 billion [...]

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Newly unveiled US financial plan causes market and oil prices to drop

February 11, 2009

The new US financial stimulus package has just been announced under the administration of President Obama and the immediate effect of that is a drop in the stock market as well as a plunge in oil price.
Many find the financial package a little too general with no specific measures to help the current global economic [...]

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Calvin & Hobbes explains the Wallstreet bailout

January 15, 2009

It seems the creator of Calvin & Hobbes has some theory about the Wallstreet bailout. Easy to understand, clearly illustrated, clever and precise dialogues.
Apologies for the small image below, I know you can’t read it. Just click on the image to get to the larger image.

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Managing your finances as a couple

January 13, 2009

Married couples often have arguments when the subject of money is brought up. Especially now, when we are at the beginning of a global financial crisis, couples may find themselves at each other’s throats more often. Each of us have different ways of managing (or mismanaging!) our finances, and it’s inevitable that couples have lots [...]

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Next on the US bailout plan is Citigroup!

November 24, 2008

Citigroup has become the latest financial institution who has come under to receive a huge bailout from the US government. It has just been confirmed that the US government has agreed to a bailout of the bank at a sum of about $300 billion. According to analysts, the terms of the bailout have been rather [...]

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