If you have been in the equity markets for 30 years you have some advantages. First you have seen many players come and go. You keep wondering how many are genuine, how many are fake. Over this period you classify people into platinum, gold, silver, …and of course mud. Fund managers also come in various [...]
IIM Bangalore has a forum…one of them had posted this Just reproducing what I found: NORFOLK, VIRGINIA – Eleven indicted Somali pirates dropped a bombshell in a U.S.court today, revealing that their entire piracy operation is a subsidiary of banking giant Goldman Sachs. There was an audible gasp in court when the leader of the [...]
Continuing my dialogue series… Journo: Subra do you not think the life insurance guys get pampered? Subra: Why do you say so? Journo: 40% of the contribution as a commission is too much, do you not think so? Subra: What about products with 122% commission? http://www.subramoney.com/book-written-by-me/ J: Not possible in the financial service industry…..at least [...]
No clue whether the allegations against Goldman Sachs will stick but if you have spent even a little time in deal structuring and marketing derivatives…you can understand that THIS COULD HAVE HAPPENED. It is also easy to realise that when a brokerage firm is small and the owner is worried about his reputation, he could [...]
If you are a demat account holder with CDSL you now get an excellent service – free access to your demat account where you can check your statement, transaction, etc. Should the login be given and the client asked to generate his own password – name+ dob+ four digits of the account number …or something [...]
I could not believe my eyes when I saw this headline! Once upon a time when Chartered Accountants were judged by their reputation, things were different I guess. PwC when it pitches for business now must be saying..’See we are such a big firm, a few frauds do not matter’. However long ago when I [...]