Financial collapse

Wikipedia about: Financial collapse

Areas of finance



Personal finance

Questions in personal finance revolve around

Personal finance may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance, investing and saving for retirement.

Personal finance may also involve paying for a loan, or debt obligations.The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are:
  1. Financial position: is concerned with understanding the personal resources available by examining net worth and household cash flow. Net worth is a person's balance sheet, calculated by adding up all assets under that person's control, minus all liabilities of the household, at one point in time. Household cash flow totals up all the expected sources of income within a year, minus all expected expenses within the same year. From this analysis, the financial planner can determine to what degree and in what time the personal goals can be accomplished.
  2. Adequate protection: the analysis of how to protect a household from unforeseen risks. These
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Financial Collapse

Uk student loans system near collapse

Inaccurate debt forecasting and a failure to collect student loans threaten the financial collapse of the UK's student loans system; claim a group of MPs in a damning report. The Business, Innovation and Skills Committee called for an urgent review of ...
[Source: rt.com]

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Europe braced for any gas crisis as russia sanctions escalate

Russia's former finance minister Alexey Kudrin said the situation is becoming critical, warning that full “tier 3” sanctions against the financial and energy sectors could lead to economic collapse, slashing income by up to 20pc. One LNG analyst said ...
[Source: www.telegraph.co.uk]

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Bulgaria pm resigns ahead of snap polls to end crisis

For poor Bulgarians, the bank turmoil brought up bitter memories of the country's worst banking crisis in 1996-7 when 14 banks went bankrupt, sparking hyperinflation and grave financial and economic crisis. Analysts agreed that CCB's troubles resulted ...
[Source: au.news.yahoo.com]

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Sec approves rules on money market funds

Regulators on Wednesday imposed new restrictions on a vast market that played a major part in the 2008 financial crisis. By a 3-to-2 vote, the Securities and Exchange Commission adopted a set of new rules for money market funds, a $2.6 trillion ...
[Source: dealbook.nytimes.com]

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French resistance: jean-claude trichet

That said, Trichet, who was educated as an engineer before rising through the ranks of the French financial system, has been far from optimistic and was warning bankers and economists about the impending financial crisis as far back as 2005. He claims ...
[Source: www.arabianbusiness.com]

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Retaliation against moscow for downing mh17: eu announces “forceful ...

One unnamed EU diplomat was cited before the summit stating that energy sanctions “would most likely derail the fragile European recovery in general and could even lead to a complete economic collapse in certain member states. I don't see how ...
[Source: www.globalresearch.ca]

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2 banks forged in crisis, cit and onewest, are set to merge, to a big payoff

Updated, 8:05 p.m. | For some, the financial crisis was very, very good. Five years ago, after the mortgage market had imploded, a group of investors — including the billionaire hedge fund managers George Soros and John A. Paulson — banded together ...
[Source: dealbook.nytimes.com]

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Creighton says shortcomings of eu do not warrant 'visceral criticism'

In relation to the financial collapse in Ireland, she said it was often ignored that the Financial Regulator had led us into “reckless lending practices that brought down at least one of our banks”. She said there should be no escaping the truth that ...
[Source: www.irishtimes.com]

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Tema oil refinery in deep financial crisis

Junior staff of the Tema Oil Refinery (TOR) have appealed to President John Mahama to save the refinery from collapse. They say the refinery is bleeding with a daily loss of GH₵350,000 due to the shutdown. Samuel Boateng, Secretary of the Junior Staff ...
[Source: www.spyghana.com]

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Frank testifies before house financial services committee

House Republicans have taken advantage of the four year anniversary of the President signing the act into law to highlight what they argue as the unmitigated failure of the act to fix the issues that caused the financial crisis and the overly ...
[Source: dsnews.com]

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