Credit World News

"The Results 2013" was an analysis of various development programs by the World Bank The aim of the programs is to achieve the Millennium Development Goals. A few are listed below. • Recruitment and training more than 4 million primary teachers • Training around 2.7 million health workers • Antenatal care to more than 188 million women • Construction/ Rehabilitation of more than 189000 kms of roads • Access to improved water source to 144 million people • Increased lending The Corporate Scorecard has three parts, Tier 1, 2 and 3. Tier 1 includes the Development Context, Tier 2 has Country Result supported by the banks, Tier 3 has Development outcomes and Operational Effectiveness Tier 4 talks about Organizational Effectiveness and Modernization. Development Context Tier ) In this the indicators are Growth, Jobs Property, Institution and Governance, Human Development and Gender, Sustainable Development, Finance Pri8vate Sector Development and Trade. This incl...

The Financial Stability Board headquartered in Basel, Switzerland monitors and recommend amendments to the financial system. The members are G20 economies, European Union and former Financial Stability Forum. FSB released this year’s. G-SIBS (Global Systematically Important Bank list in November. This report is about the amount of capital these banks have to hold to face any economic crisis. This report cautions banks on the additional amount of capital they have to add up to face any financial downturn. HSBC and JP Morgan Chase have to add an extra capital up to 2.5%. Barclays, Citigroup, BNP Paribas and Deutsche Bank are running short of capital by 2.0%. Bank of America, Credit Suisse, Goldman Sachs, Group Credit Agricole, Mitsubishi UFJ FG, Morgan Stanley, Royal Bank of Scotland and UBS has to add their capital by 1.5%. The last influencers on the world economy are People’s Bank of China, Bank of NewYork Mellen, BBVA, Groupe BPCE, Industrial and Commercial Bank of China LTD, IN...

As the Bitcoin creating so much of buzz in the market it would be interesting to know the virtual currencies which hit the market and how they performed and their result in the long run Beenz 1998-2001 Founded in 1998, in London by Charles Cohen, Beenz.com offered online currency which could be spending with participant merchant. One among the partners was Mastercard. Beenz.com raised 100 million from big companies like Oracle, Gucci, PPR and, Italian bank mogul Carlo De Benedetti. Purchasing of the currency was at local rate fixed by the company. The failure of Beenz started when people loosing confidence and miss selling. The company shut down all the operations in 2001. Flooz A year after the launch of Beenz.com, Flooz based in the New York went online for internet traders in the form of promotional bonus which can be used for merchandising purposes. The company had to shut down in 2001 based on the allegation by FBI that Russian stooges are misusing the credit card number...

Bitcoin is growing in a fast pace with around 12 million Bitcoin wallets by November 2013. This first ever decentralized crypto currency was published by Satoshi Nakamoto in 2009. He left his virtual presence in 2010 leaving many concerns behind. Even his name SATOSHI NAKAMOTO is believed to be coined from few companies Samsung, TOSHIba , NAKAmichi, and MOTOrola!!!!!!!! The transaction in Bitcoin has grown tremendously over the years and even banks are speculating that Bitcoin will replace real money very fast. The concern is that Bitcoin is created in such a way that the number of Bitcoin will never exceed 21million and 75% is already been created. The value of Bitcoin in 2011 was $1 but it has risen to $ 140 recently. This currency system is very much unlike the normal currency system and it does not have a Central Bank or central repository. Surprisingly Bitcoin economy will never come across deflation since it is not standard monetary unit of measurement of value/cost of goo...