Monthly Archives: February 2014

Commission calls for mass mergers among credit unions

Irish Independent CHARLIE WESTON PERSONAL FINANCE EDITOR – 17 APRIL 2012 Regulators feel that 407 separately owned and run credit unions is far too many. The move to encourage mass mergers among the lending co-operatives could see their number fall to as few as 250 over the next three years, although no official figure has been put on the number of …Read more »

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Insider warns that more banker assassinations are coming Kenneth Schortgen Jr., Finance Examiner Wednesday, 05 February, 2014 “However, on Feb. 5, an insider and former head trader for a top banking firm issued a warning that new information is out which shows that ‘hit squads’ have been made active in the Wall Street area, and that a high level banker tied to recent investigations into Forex manipulation, along with up …Read more »

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German savings banks – a model to follow?

By Simon Rose on December 11, 2013 Read full article Save Our Savers UK Focus on real economy  Although Germany has big banks with famous names and international reputations, the majority of business financing is carried out by the decentrally organised banking groups of which savings banks are a substantial part. The Savings Bank Finance Group has roughly 42% share of business financing, …Read more »

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Want to avoid credit union risk? Get rid of credit unions.

By Greg Allen, banking and finance consultant with GDA Consulting Aug 3, 2010 Financial regulator Matthew Elderfield and Kieron Brennan, chief executive of the Irish League of Credit Unions: could getting rid of credit unions be at the back of the regulator’s mind? Credit unions will vanish from Ireland over the coming years. A familiar pattern will emerge of small …Read more »

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Bank refuses to give customers their money unless they can prove a good reason for needing it.

Read full article 2014/01/29/ International bank HSBC has been restricting its customers from withdrawing large sums of cash if they can’t provide a good enough reason for why they need it. The policy was brought in to effect in November 2013 , but customers were not notified of it. The rule was uncovered after the BBC’s “Money Box” program began investigating complaints by …Read more »

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Green Party UK: “The power to create money must be removed from private banks”

WRITTEN BY POSITIVE MONEY ON NOVEMBER 26, 2013. POSTED IN ENVIRONMENT & HEALTH & EDUCATION, PARLIAMENT & LEGISLATION One of the key paragraphs: EC661 The Green Party believes that, as the means of exchanging goods and services, the stock of money is a vital common resource which should be managed in the public interest. Yet only 3% of our money supply currently exists in the form …Read more »

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