Tag Archives: Financial Services

THIS DAY IN THE YESTERYEAR: BARINGS BANK COLLAPSE (1995)


Barings Bank Collapse (1995)

A cautionary tale for financial institutions the world over, the collapse of Barings Bank, a centuries-old British bank, resulted from the activities of a single, unscrupulous employee. The man in question, derivatives broker Nick Leeson, made unauthorized, unhedged futures transactions on Nikkei, racking up £827 million ($1.3 billion) in losses in no time. He hid these losses by reporting them as gains and got away with it due to a lack of oversight. What brought the whole scheme crashing down?More… Discuss

 

Enhanced by Zemanta

Why TB patient has life ban in Dubai | manishareview


Why TB patient has life ban in Dubai | manishareview.

Enhanced by Zemanta

‘Bank Transfer Day’ campaign boosts local credit unions (From France24 international)


'Bank Transfer Day' campaign boosts local credit unions (From France24 international)

'Bank Transfer Day' campaign boosts local credit unions (From France24 international) (click to read the story at France 24 International)

Tens of thousands of US Facebook users have signed up to close their accounts in large banks in favour of local credit unions in a campaign dubbed “Bank Transfer Day”. FRANCE 24 followed a Chase Manhattan Bank client on his way to close his account.
(Source: http://www.france24.com/en/20111106-bank-transfer-day-campaign-boosts-local-credit-unions?)

Related articles

ProPublica: Email Warned That Bank Up For Bailout Was ‘Disastrous’


Email Warned That Bank Up For Bailout Was ‘Disastrous’
ProPublica: Email Warned That Bank Up For Bailout Was ‘Disastrous’ (Click to read the rest of this exciting story)E-Mail to FDIC warning of the Failed Commercial BankE-Mail to FDIC warning of the Failed Commercial Bank

Video _ Doctors were coached on diagnoses _ ex-staff say_California Watch


Video _ Doctors were coached on diagnoses _ ex-staff say_California Watch

Video _ Doctors were coached on diagnoses _ ex-staff say_California Watch Click to find out more about this type of greed driven insanity, for which we're all paying outrageous premiums, doctor visits, and medication!)

This is an example of “For profit”- “Health Insurance industry”, instead of “Universal one payer Health care“.
What is the definition of affordable, and if it is affordable, then how can it be profitable?

Related articles