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http://www.moneyshow.com/main.asp?scode=013357 Former FDIC chairman William Isaac says that banks are in better shape now than in the 1980s and says the FDIC can handle more bank failures.

http://www.moneyshow.com/main.asp?scode=013357 Former FDIC chairman William Isaac says that banks are in better shape now than in the 1980s and says the FDIC can handle more bank failures.

http://www.moneyshow.com/main.asp?scode=013357
Former FDIC chairman William Isaac says that banks are in better shape now than in the 1980s and says the FDIC can handle more bank failures.

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Carlos Hank Rhon, a leading Mexican banker, hopes you enjoy this video. Carlos Hank Rhon is an industry captain of high finance.

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BBC report looks at the level of tax avoidance around the world, and revealing the financial schemes and business conglomorates which avoid paying tax in their own country by banking their money in offshore   more...bank accounts which are hidden from any countries tax laws.  less

May 5, 2009 interview. 3 min, 20 seconds in Wilbur Ross discloses his intent to violate federal banking laws, by entering into highly leveraged partnership and investments with Treasury: The PIPP investment   more...plan is to use tax payer funding to back overtly high leverage investments, by way of Treasury guarantee the investment of the private party, in the investment. This is in violation of U.S.Code, TITLE 12 - BANKS AND BANKING, CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION, § 1831o. Prompt Corrective Action (i)(2)(B) "Extending credit for any highly leveraged transaction ..." see the full law at law.cornell.edu [http://www.law.cornell.edu/uscode/12/usc_sec_12_00001831---o000-.html]  less

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PNC Bank, a member of The PNC Financial Services, Group, Inc. (NYSE: PNC) has introduced Virtual WalletSM as a comprehensive money management and online banking solution for the next generation of banking   more...customers, Generation Y. Virtual Wallet provides on-demand access to manage spending and saving in real time.

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http://www.thepanamalawyer.com This Financial Services Video explains the benefits of a Panama Financial Services license instead of applying for an offshore bank license for offshore banking activities.   more...This license allows a Panama Corporation to carry out a range of financial services.  less

Carlo Scevola & Partners is an international business consultancy company providing strategic consulting, financial guidance and international planning services.
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London-based Barclays will cut 3,000 jobs following its purchase of Lehman Brothers', North American investment banking and capital markets businesses, according to Fortune Magazine.
  more...
Barclays president Bob Diamond confirmed the headcount reduction, and said that he hoped the operation would complete by the end of the year.

"Most of the cuts are expected to come in areas where Lehman and Barclays Capital have a lot of overlap, such as fixed income and in support functions like information technology," the Fortune report stated.

Barclays Capital employs 26,000 workers. In September, the third-largest British bank acquired Lehman's North America operations that include fixed income and equities sales, trading, and research and investment banking. About 10,000 employees worked in those groups at Lehman, which is now part of a unit known as Barclays Capital.

Barclays paid $250 million for Lehman's banking and trading businesses and also $1.5 billion for the bankrupt bank's New York headquarters and two data centers in New Jersey.  less

Friends, here is what we've been waiting for - Zeitgeist Addendum! Fantastic material, not only illuminating, but the Addendum gives suggested solutions to the seemingly insolvable problems this world   more...is facing.
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www.EmploymentCrossing.com Charlotte, North Carolina, traditionally the nation’s second-largest banking center after New York City, is reeling from the implosion of the locally-based Wachovia Bank. The   more...sale of Wachovia to Citigroup means Charlotte’s brand new, yet-to-be occupied 48-story Wachovia skyscraper may sit empty until the financial crisis passes. Worse, Charlotte faces the prospect of losing not just thousands of high-paying jobs, but also its civic identity. "We will have to reinvent ourselves, and we will," Hugh McColl, the legendary former leader of cross-town rival Bank of America, told the Wall Street Journal. The Wachovia name, derived from "Wachau," the moniker given to North Carolina land purchased by Moravians in the 18th century, is ubiquitous in Charlotte. With 20,000 workers, it is the region's second-largest employer. Over the years, the two banks transformed the city's image. Charlotte adopted the nickname Banktown, USA. Civic leaders sold the city as a place where hard-charging professionals could embrace a thriving career while enjoying a Southern lifestyle. Local economists caution that the impact might not be as great as some fear, in part because the regional economy has become more diverse. In addition to Wachovia, the area has eight other Fortune 500 companies, including Duke Energy and Goodrich.  less

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