As the cost of living increases, consumers find their purchasing power eroded due to the effects of inflation. Similarly, investors sometimes also overlook the fact that inflation can erase the returns on their investments. In that light, how can we adequately prepare and protect ourselves from the damages of inflation?
Unlike many other popular fictional superheroes, Bruce Wayne, a.k.a. Batman, does not possess incredible powers to aid him in his fight against crime. Instead, Batman relies on a combination of tactics and technology to carry out his mission, both of which requires incredible mental discipline as well as an incredible sum of money.
Mexican regulators have slapped a $27.5 million fine on the local unit of HSBC for its lax controls that allowed Mexican drug money to pass through the bank. HSBC Mexico has acknowledged its failures in money-laundering regulation.
Mexico’s National Banking and Securities Commission (CNBV) levied the fine against HSBC Mexico for its “non-compliance with anti-money laundering systems and controls” as well as its late reporting of 1,729 unusual transactions, failing to report 39 unusual transactions, and 21 administrative failures.
Wealthy individuals are thought to have at least $21 trillion hidden in secret tax havens – an amount of wealth equivalent to the combined GDP of United States and Japan.
The study, titled The Price of Offshore Revisited was released on Sunday by advocacy group Tax Justice Network, drew data from the World Bank, the International Monetary Fund and the United Nations, and the Bank for International Settlements.
Debt collectors are often described as ruthless and unsympathetic. However, this might stir some controversy on how consumers feel about debt collectors, but debt collection companies actually have a softer, human side that many do not know of.
Are you struggling with debt and looking for credit card debt relief? In order to eliminate debt and safe yourself from excessive liabilities, you must eliminate additional and unnecessary spending as much as possible in order to increase your finances towards the repayment of debt.
Additional spending refers to using your credit card for unnecessary purchases. When you charge an item on your credit card, you pay more than the amount on the price tag — You pay finance charges as well as the interest on the actual price of the item.
Credit ratings agency Moody’s yesterday downgraded 15 of the world’s largest financial institutions, citing significant exposure to the volatility and risk of outsized losses inherent to their capital market activities.
Morgan Stanley, UBS, Barclays, BNP Paribas, Citigroup, Crédit Agricole, Deutsche Bank, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada received double-notch downgrades while Bank of America, HSBC, Royal Bank of Scotland and Société Générale received single-notch downgrades.
We all probably know a few tips on how to manage personal finance. Some of us may even have a few good habits on spending and saving that we try to impart to the younger generation. But some personal finance statistics we’ve found are just shocking.
For example, a survey from CareerBuilder last year found that nearly half of American workers live from pay check to pay check to make ends meet. When we dig deeper into the numbers, it is revealed that 14 percent of workers who earn six figures say they live pay check to pay check.
Living with debt can be a difficult situation. The constant pressures of trying to pay off your loans often lead to financial and personal complications, which are further exacerbated by the aggressive tactics now taken by debt collectors.
Today, collector abuse is on the rise with formal complaints against collectors having risen by 66 percent since the financial crisis began. Check out this infographic which explores the troubling methods taken by debt collectors to receive payments and find out how to protect yourself from aggressive collectors.
Steep rises in the cost of higher education, especially in the US and the UK, have been accompanied by the declining value of degrees, leading some commentators to predict that the student bubble is about to deflate.
Quebec’s series of spectacular student strikes against rises in tuition fees is the longest and largest civil action in North American history.
