Security blogger Brian Krebs, who broke the news about the massive credit card hack on Target, isn't satisfied with simply breaking the news. He's now trying to identify the hackers, and blogging about the process.
In light of all the cases being filed against the rating agencies and in light of the general controversy surrounding them, here are two recent papers dealing with the topic of rating agencies performance and the links between their ratings and investors' decisions.One interesting paper was published in the Journal of Banking & Finance )vol 36, number 5, May 2012, pages 1478-1491) by Thomas Mahlmann titled "Did Investors Outsource Their Risk Analysis to Rating Agencies? Evidence from ABS-CDOs".
The Competition Tribunal’s decision on Tuesday to throw out the case against credit card companies was a blow to the retail industry, but it’s only a matter of time before Canada goes the way of Australia, the U.S. and much of Europe by permitting merchants to directly pass on the cost of accepting credit cards to consumers.
Bottom line: Competition is coming to the credit card sector.
The economy plummets. You lose your job. Soon, you start to find it hard to make ends meet. You start putting things on your credit card. Then you fall behind in your card payments. All the while you’ve been desperately looking for a new job. Little do you know that being behind on credit card payments may stand between you and a job – the very thing that could get you back on the road to financial health.
The cashless society -- a world where physical money is practically obsolete -- has, in just a few years, gone from a utopian dream to something like an inevitability. In Sweden, a national effort is underway to take the country cashless within two decades.
The Competition Tribunal may have dismissed a complaint against Visa and MasterCard over card fees charged to merchants, but other conclusions in its ruling Tuesday could lay out a “road map” for retailers in the next stage of battle with the financial giants: class-action lawsuits.
Citigroup's Chief U.S. Equity Strategist Tobias Levkovich may be the most bullish strategist on Wall Street. He sees the S&P 500 ending the year at 1,615. Of course, he sees some sectors and stocks doing better than other.
The Aeroplan credit card business is one of the crown jewels of Canadian banking and Toronto-Dominion Bank could have had the whole thing to itself, but chief executive Ed Clark said that at the end of the day it was smarter to split the prize with rival Canadian Imperial Bank of Commerce.
Between the Olympics, movies filmed in exotic locations, and the explosion of K-pop, some destinations have been in the spotlight in recent months. We looked at major developments, cultural trends, and global festivals to find the hottest places to travel around the world in 2013.