The Corliss Group Online Financial Mag
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We know there are problems in the financial system, but not how bad they are

We know there are problems in the financial system, but not how bad they are | The Corliss Group Online Financial Mag | Scoop.it
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http://sabinadupras19.carbonmade.com/projects/5171137#1

 

Two unconnected statements from authorities in the US and Britain in the past 24 hours should cause concern for those who worry that the global banking system has become more dangerous in the six years since the crisis, not less.

 

On Wednesday, the US Federal Reserve published its annual bank capital plan review that saw the North American businesses of Citigroup, HSBC, RBS and Santander all rejected for what it said were “qualitative concerns”.

 

This morning, the Bank of England’s Financial Policy Committee (FPC) released a statement from its latest meeting in which it warned obtusely that “changes to the structure and functioning of markets as banks adapted business models to the aftermath of the financial crisis” meant it had become more difficult to assess the impact of “unexpected developments from any source”.

 

What the Fed and the Bank both appear to be saying is that big banks remain too complex and that changes made to financial and bank regulation since the crash in 2008 have resulted in the job of assessing systemic risk becoming much harder.

 

Left unspoken to a large extent in both statements was the spectre of growing financial risks in emerging markets.

 

Read Full Content:

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10728291/We-know-there-are-problems-in-the-financial-system-but-not-how-bad-they-are.html

 

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The Corliss Group Online Financial Mag

Source: http://www.nattstad.se/nikepolster21/the-corliss-group-online-financial-mag-10076379

 

Corliss Group Online Financial Mag is a stock-market education website designed to teach beginners how to trade shares. Corliss Group Online Financial Mag does this in a manner easy to understand and uses only relevant and essential information required to trade shares on the stock market.

Corliss Group Online Financial Mag was formed because of the lack of stock-market-related websites that impart the steps required to begin trading safely; thus, our step-by-step guide to buying shares.

 

Our goals are to:

Teach people how to become investors.

Teach the fundamentals of the stock market.

Share with people the best tools needed for trading.

Break the myth that the stock market is only for wealthy and intelligent people.

Break the myth that trading on the stock market is exceedingly risky.

 

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http://corlissonlinegroup.com/about.html

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Nike Polster's comment, September 19, 2013 4:10 AM
You have some valid points in fact most are very helpful on my own case, financial issues are very vague and sensitive. We must handle every decision with care.
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World's first physical bitcoin store opens in HK|Economy|News|WantChinaTimes.com

World's first physical bitcoin store opens in HK|Economy|News|WantChinaTimes.com | The Corliss Group Online Financial Mag | Scoop.it
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Corliss Group Online Financial Mag Hong Kong World's first physical bitcoin store opens in HK         

 

The world's first physical retail store selling the controversial virtual currency bitcoin has opened in Hong Kong.

 

The 40-square-meter shop, located in the western district of Sai Ying Pun and operated by Asia Nexgen Bitcoin Exchange, officially opened for business on Feb. 28. The local exchange holds a money service operator license from Hong Kong's customs and excise department.

 

The Hong Kong Monetary Authority views bitcoin as a virtual commodity as opposed to a virtual currency, which therefore enables Asia Nexgen to accept payments to acquire bitcoin the commodity, not bitcoin the currency.

 

Customers must first provide an ID card and proof of address to comply with customs and excuse rules on money laundering before they can make a transaction at the store through their digital wallets.

 

The first customer to the store following the ribbon-cutting ceremony spent $HK100 (US$12.90) to purchase roughly 0.022 bitcoins, according to market rates listed on the US-based CoinBase exchange at the time.

 

Ken Lo, co-founder and CEO of Asia Nexgen, said the store could help raise the popularity of bitcoin. "The biggest issue people have right now is buying the bitcoin. People have to put money in, trade it through an exchange online," he said.

 

"Now, you walk into the store, hand over your cash and send the bitcoin to your digital wallet," he added.

 

The store opened on the same day that Japanese bitcoin exchange MtGox was forced to file for bankruptcy protection after claiming to have lost nearly half a billion dollars' worth of bitcoins in an alleged theft last Tuesday.

 

Lo said the MtGox debacle was only "a drop in the bucket" and that there is no "shortage of demand" for bitcoins at the moment.

 

Bitcoins were trading at around US$572 on Coinbase on Sunday.

 

Late last year, China's central bank stated that bitcoin was a digital currency and prohibited third-party payment processors from providing bitcoin transaction services.

Corliss Group Online Financial Mag Hong Kong World's first physical bitcoin store opens in HK

 

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