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

Regulators should avoid tightening the rules on the fund-management industry

WHERE will the next financial crisis occur? Not, almost certainly, where the last one did. Since the late 1990s, the world has coped with economic meltdown in South-East Asia, the dotcom boom and bust, and the American housing bubble and subsequent ...
[Source: www.economist.com]

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Regulators worry that the asset-management industry may spawn the next ...

FINANCIAL crises may seem a familiar part of the economic cycle, but they rarely repeat themselves exactly. In the 1980s the locus was Latin America; in the late 1990s, Russia and South-East Asia; in 2007-08, American housing and banks. Now, some worry ...
[Source: www.economist.com]

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New us cftc head says he will be tough cop, tweak rules

Under Massad's predecessor, Gary Gensler, the CFTC has written a raft of new rules for the swaps market, which stood at the center of the 2007-09 financial collapse. Swaps had been unregulated since their inception in the 1980s. Massad also said that ...
[Source: www.cnbc.com]

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Russell lynch: bankers in dock? don't hold your breath

The Bank says as much if you find your way down to page 56 of the consultation paper, where it admits that “such prosecutions will be rare” — not least because the tougher regulations in force since the financial crisis should make the collapse of a ...
[Source: www.standard.co.uk]

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Short sellers not to blame for 2008 financial crisis, study finds

Contrary to widespread media reports, the collapse of several financial firms during the 2008 economic crisis was not triggered by unsettled stock trades, according to new research from the University at Buffalo School of Management. The study ...
[Source: scienceblog.com]

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Argentina's long history of economic booms and busts

A commodities boom fueled a speculative financial bubble that burst in a spectacular default on 48 million pounds, leading to the collapse of some of the country's leading banks and the resignation of president Miguel Juárez Celman. It would be four ...
[Source: blogs.wsj.com]

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British fraud office reaches second settlement in inquiry over icelandic bank

LONDON — Britain's Serious Fraud Office said on Thursday that it had reached a second settlement in a series of civil claims brought by two brothers after a flawed investigation into the collapse of the Icelandic bank Kaupthing during the financial ...
[Source: dealbook.nytimes.com]

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Argentina default imminent as talks collapse

The idea would be to give the hedge funds a financial incentive to ask Judge Griesa to suspend his ruling until the end of the year and allow payment of holders of the other bonds. A default could shave as much as one percentage point off growth this ...
[Source: online.wsj.com]

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Bears who won big during finance crisis are growling again

Many of the Wall Street money managers who made billions by anticipating the U.S. housing bubble see more trouble on the horizon. Unlike before the crisis, when those traders were mostly united against subprime mortgages, the wagers vary this time.
[Source: online.wsj.com]

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Helping america's military heroes

But while many other financial service providers were treading water amid the turbulence of the financial crisis, USAA, which provides financial services to past and present members of the U.S. military and their families, continued to expand rapidly.
[Source: businessjournal.gallup.com]

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