Laugh, or cry… Yahoo! Finance User Comments… 090309

How you would react to the following, I wouldn't dare predict, but I just fell off the chair, laughing! "Cancel your credit card before you die..........(hilarious!) Now some people are really stupid!!!! Be sure and cancel your credit cards before you die. This is so priceless, and so, so easy to see happening, customer service … Continue reading Laugh, or cry… Yahoo! Finance User Comments… 090309

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DJI plunged 777 points… Who benefits?

With the sharp plunge of Dow Jones Industrial Average, especially after the rejection of the bailout bill this afternoon, this question baffles us all. But for the past several days/weeks/months, numerous small, medium and large banks and financial institutions are sending out S.O.S. calls for urgent assistance. Some are allowed to die, others are being … Continue reading DJI plunged 777 points… Who benefits?

Bailouts: the new buzz word; the “wonderful solution”!

While frenzied talks of bailouts are ongoing in the US Congress, European governments have moved to shore up their teetering banks, including the troubled Belgian-Dutch Fortis, Germany's Hypo Real Estate Holding AG and Iceland's Glitnir hf; Bradford & Bingley of UK have joined Northern Rock. Wonderful solutions notwithstanding, markets around the world are crashing, left, … Continue reading Bailouts: the new buzz word; the “wonderful solution”!

Bank buckles… Citi grabs Wachovia!

For just a buck a share! "All deposits are fully protected.... Wachovia did not fail; rather, it is to be acquired by Citigroup Inc. on an open bank basis with assistance from the FDIC." “For Wachovia customers, today’s action will ensure seamless continuity of service from their bank and full protection for all of their … Continue reading Bank buckles… Citi grabs Wachovia!

Financial Meltdown… breaking the buck!

Update on the Financial Meltdown witnessed in the past few days... not seen since 1994!

KPO… Knowledge Process Outsourcing

It's all about convenience, from whose perspective should you view this issue, and who finally gains or (loses) from KPO. If you're a bank or a corporation in the US, in present times it suits you to go set up an office (or several of them) in India or any other "cheap outsourcing location"... as … Continue reading KPO… Knowledge Process Outsourcing

Naina Lal-Kidwai

It seems like eons ago when I met Naina Lal at ANZ Grindlays Bank, in Bombay. She had just joined as head of Merchant Banking. On my very first meeting with her, I was thoroughly impressed - someone whom I instantly admired but was a tad in awe of. My meeting with her, as a … Continue reading Naina Lal-Kidwai

Wall Street moves to Dalal Street… Is that right? How nice!

Rather than layoff middle-rung executives, banks like Merrill Lynch and Morgan Stanley have been moving their middle men (and a few women) to the Middle-East or South Asia - most often to Mumbai, India's financial hub. The 'fortunate few' may have been relocated by their company, while numerous others who were already laid off after … Continue reading Wall Street moves to Dalal Street… Is that right? How nice!