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Counterfeiting Of Checks Is Uninteresting? The counterfeiting of checks is by and large not an activity of choice for Internet criminals. For them, the counterfeiting of checks is a non-challenge, because there is greater satisfaction in stealing credit card and online banking passwords. High AutomatedAnd Organized Cyber Crimes In a revelation however by SecureWorks Inc, a computer security company [...] I have been following the developments surrounding the Dubai World’s sudden call for a standstill agreement with its creditors. But there are many articles written about this topic that I hesitated to add a new one. But now, thanks to a recent Reuters report, it is interesting to look at the issue from the perspective of [...] So Goldman Sachs, JP Morgan and Morgan Stanley – three well known Wall Street financial institutions, have successfully repaid the US Government the billions of dollars of bailout money it took previously to avoid massive liquidity meltdowns and bankruptcies. In doing so, they have side stepped Government pay restrictions that are applicable to those financial institutions [...] A BBC report caught my attention a while ago. It says that an unamed Saudi princess was robbed in her hotel suite in the popular Italian island resort of Porto Cervo. Now people do get robbed anywhere. But this robbery is somewhat unusual. It appears that the robbers had a real easy task to perform. I do not [...] We are familiar with stories about banks disappearing due to financial crisis – in effect these banks failed and went into bankruptcies. But a BBC report the other day tells of a bank in Uganda called the Visa Finance Bank that disappeared quite literally. And no wonder, for it was really a scam run by what [...] So Cristiano Ronaldo has left Manchester United in a world record £80 ($130) million move to Real Madrid. It is goodbye EPL (English Premier League) and hello Primeria La Liga (Spanish League). So how much will the 24-year old Manchester United player be paid by his new employer – Real Madrid? According to press reports, Cristiano Ronaldo [...] Did you catch the headline the other day? It says so far this year there are 40 bank failures in the United States. That’s an average of approximately 7 bank failures every month. How does this compare with 2008? For the whole of 2008 there were 25 such bank failures. Let’s look at it another way. How much [...] The Financial Meltdown It seems like only yesterday that the world was faced with a global financial meltdown. Global banking giants were in danger of going into bankruptcy; so also were the insurance giants. The automotive giants followed suit. To be sure, some of these former giants did go belly up, while others were thrown [...] I saw in The Star Newspaper in Malacca (Malaysia) today an advertisement that reads as follows: “We’re giving a discount on discounts.” This is from Citibank. What a catchy statement. Reminds me of the time decades ago when I was working in private equity fund management (aka venture capital). A colleague of mine was working on a deal in [...] |
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