Bank Governor King Slams Bank Bonuses

New York Times

... the tripartite system of financial supervision, which divides responsibility between the Bank, the Financial Services Authority and the Treasury. ...



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'Big bonuses? It would be wrong to stop paying them'

Independent

They also claimed that high-calibre graduates were starting to think twice about working in the financial services industry because of the growing backlash ...

Barclays defies curbs on City bonus culture Times Online

HSBC and Barclays Announce Billions of Dollars in Profit DigitalJournal.com

For banks it's pay back time but who's paying whom? Telegraph.co.uk

WalesOnline  - guardian.co.uk  - Independent

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Protective Life Corporation Announces New Director

Business Wire (press release)

Previously he was President & CEO of The Hartford International Financial Services Group (CT, USA), and Senior Vice President of The Hartford Financial ...



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How come no one has booted Barney Frank from his position as Chair of the House Financial Services Committee?
Q. In September 2003, Frank, then the ranking Democrat on the Republican-led Financial Services Committee, opposed Bush administration proposals for transferring oversight of Fannie Mae and Freddie Mac by creating an independent agency to supervise. The proposal would have moved oversight from Congress and the Department of Housing and Urban Development to the new agency. Frank stated in 2003, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."[30] Frank stated that the bill would potentially "[weaken] the bargaining power of poorer families and their ability to get affordable housing" And his "boyfriend" was instrumental in crafting todays collapse.… [cont.]
Asked by No Pinheads - Wed Nov 19 17:57:00 2008 - - 15 Answers - 0 Comments

A. Obama has little or no control over Barney Frank. Did 99% of the people here flunk civics?
Answered by Anna P - Wed Nov 19 18:01:41 2008

Degree in Accounting vs Financial Services; which do you recommend?
Q. I have to choose between switching my major to Accounting or Financial Services... They're two separate programs, but I'm not sure which one to take. What kind of jobs require a degree in Financial Services, and what kind of jobs require a degree in Accounting? Which would you recommend and why? Any information at all will be great. Even if you can't answer all my questions, answering one or a couple would be appreciated, too.
Asked by Eden - Fri Apr 24 11:29:41 2009 - - 2 Answers - 0 Comments

A. Deregulation in the 90's (Gramm-Leach Bliley Act) allows a lot of jobs in this field to be done without regulation by govt. Possible jobs are Claims Adjuster, Bank Teller, Credit Collector or counsellor, Financial Advisor etc. Starting Salary is $25 k yearly plus bonus and commisions. According to BLS the median can vary between 29k - 120k (presumably due to bonus structures) Accounting is similar in structure but typically your doing more 'bean-counting' functions such as Payroll, Tax Prep, Receivables or Payables. I'm not sure how stable the job market overall but when you consider money will always be changing hands it would seem that prospect are good for you either way you go. Best of luck.
Answered by David - Fri Apr 24 13:25:59 2009

Has anyone used Eagle Financial Services for college funding strategies?
Q. Eagle Financial Services claims to provide assistance with student counseling, college funding, financial aid data gathering & processing. My son met the financial planner at a college baseball clinic. After a complimentary call, we are considering paying a monthly retainer for their help. Does anyone know how legit this company is? Any feedback on experience dealing with Eagle Financial Solutions based in Central Ohio?
Asked by Kathy L - Wed Sep 3 14:15:39 2008 - - 1 Answers - 0 Comments