Bankers in Europe did not behave like this when they were paid moderate salaries. By the time they were in their 50s and could retire they still had to worry about their partnership in the bank to be sold.
Indian, Japanese and some other East Asian bankers are not in the same set as the American [...]
I have been inundated by brokers and issue managers alike about why the Stan C public issue of IDR (Indian Depository Receipt) is such a great product.
I agree. I would love to have a big global bank with aggressive growth plans in markets like Asia, Africa, …and other parts. So inspite of the fact that [...]
Here is an article which many people liked..on Moneycontrol. Read the comments…there is a general feeling of ‘how do I save money’ kind of an attitude..
Read on…
http://wealth.moneycontrol.com/columns/financial-planning/18-ways-to-cut-costs-/12212/0
I hope there are many readers of my blog who are fans of Ayn Rand. She surely made a whole generation think about money in a more positive light. Of course agreeing with her philosophy of the ‘Art of Selfishness’ is difficult, it is at least a thought.
I do not know whether I am being [...]
XBRL stands for eXtensible Business Reporting Language. It has become and is fast becoming THE reporting language internationally. It makes sense to all those people who use accounting information. Extensible means the application can be extended adding machine and human readable tags.
Applications: a) for financial statements
b) for taxes c) accounting and business reporting
d) government for [...]
Thank God Human memory is short. Imagine if you had a long memory you would remember the punishment you got in class 7 for not doing your home work! However one of the important FAILURES of the 2008 was the rating agency companies ability to know the difference between a AAA and D-. Even now [...]