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What Investment Style Made Soros and Buffett Rich and Famous?
Studies of successful investors such as Warren Buffett, George Soros and Peter Lynch, made by psychologists, behavioral analysts and market experts revealed that these brilliant minds have certain common characteristics. Without doubt, fundamental skill...
Sorting Out Lehman Brothers Business Could Take 20 Years
Clarification of the Lehman Brothers financial transactions and transfer of assets to creditors could take up to 20 years, is the warning from PricewaterhouseCoopers, the administrator of the European division of investment bank whose collapse in 2008...
IMF: Financial Risk Posed by Increased Life Expectancy
Financial risks of increased life expectancy is underestimated and will weigh heavily on the budgets of developed countries, according to the IMF’s quarterly report on global financial stability, published on Wednesday. Assumptions generally taken...
Sony, Record Loss of $6.4 Billion
Electronics maker Sony (TYO:6758, NYSE:SNE) has anticipated for the fiscal year ending March a record loss of $6.4 billion. Double the February estimate. Japanese multinational conglomerate corporation marks therefore the fourth year of negative results,...
Europe Is Seeking Protection Against Crisis
European finance ministers discussed at the meeting this week end about setting up a regional fund to support banks against any new crises like the one generated by the collapse of Lehman Brothers in 2008, according to CNBC. Several EU countries are supporting...
Sale of Assets by European Banks Threaten the Financial Market
European banks face a financial market fragmentation due to asset sales programs in order to reach the minimum level of capital by June, warned on Tuesday the EU banking regulatory authority. “There is a risk that reducing the exposure of the EU...
Shareholders Sue RBS Bank for 2.4 Billion Pounds
A group of shareholders of Royal Bank of Scotland (RBS) sue the for recovery of at least 2.4 billion pounds ($3.8 billion) lost by buying shares of financial institution shortly before the international financial crisis that started in 2008. The complaint...
IMF Will Contribute to the Aid for Greece
International Monetary Fund (IMF) will contribute to the second package of financial aid for Greece, worth 130 billion euros, by 18 billion euros, while in previous financial program of 110 billion euros, it provided 30 billion euros, according to Bloomberg....
Greeks Have Reduced Their Debt
The Greek government announced Friday that it has a sufficient degree of participation from the private holders of Greek government bonds for the bond exchange program, a prerequisite to qualify for the second program of support for the drastic reduction...