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Mumbai, May 16 : Airtel customers will now be able to open no-frills savings account in Axis Bank through their mobiles and carry out transactions such as cash deposits, transfers and withdrawals. Bharti Airtel and Axis Bank today announced a partnership to provide banking services through the Airtel Money platform, a move that will help further the goal of reaching unbanked areas.”We are today
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Bandar Seri Begawan – As part of the Corporate Social Responsibility (CSR) initiatives, BIBD At-Tamwil Berhad held a lecture on the importance of financial planning yesterday for its My Real savings Account holders who have saved a substantial amount, held at the Civil Service Institute.The talk was presented by BIBD At-Tamwil officers Assistant Branch Manager Kuala Belait, Hj Mohd Said Hj Zania,
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In league with several other men, Ralph Divino –the owner of Steffano’s Wood Burning Restaurant in Branchburg, New Jersey–used a series of lies in hopes of stealing $10 million in 2007 from a California man by claiming access to a secret economy for ultra-wealthy individuals.Divino told his target that he was a diplomat at the United Nations and had previously managed billions of dollars in
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TSX Symbol FSD.UN TORONTO , May 18, 2012 /CNW/ – ( FSD-UN.TO ) First Trust Advantaged Short Duration High Yield Bond Fund (“the Fund”) announces a distribution for the month ending May 31, 2012 of $ 0.07 for each Class A unit and Class F unit. The distribution is payable on June 15, 2012 to Unitholders of record on May 31, 2012 .The Fund provides exposure to a diversified, short duration high
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Large trades this month in a pair of etfs focused on specific areas of the debt markets have drawn the attention of analysts who are questioning whether the trades were linked and if large investors are using ETFs to avoid moving prices in less-liquid markets.On May 10, a big trade in PowerShares Senior Loan Portfolio ( BKLN – News ) resulted in the creation of about $110.3 million worth of
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The Coming medicare Insolvency The total federal debt is now over $10 trillion. But if you also include the current unfunded liabilities of social security, Medicare, and other programs, the total federal debt is at least $54 trillion. This number has been confirmed in three separate studies – by the American Enterprise Institute, the National Center for Policy Analysis, and the Brookings
Graduation is a monumental achievement that calls for celebration and rewards. But while you surely want to show your graduate how proud you are, you probably don’t want to drain your savings account in the process.With a little thought and ingenuity, it is possible to come up with graduation gifts that are economical yet memorable. Here are seven ideas to get you started:If you’re older and more
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NEW YORK–(BUSINESS WIRE)– The trailing 12-month default rate remained flat in April at 1.9%, according to a new report by Fitch Ratings . The month produced two relatively modest defaults — Reddy Ice and Dex One — affecting a combined $537.8 million in bonds. However, the recent bankruptcy filings by mortgage lender Residential Capital ( ResCap ) and aircraft maker Hawker Beechcraft add $3.4
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Spanish stocks higher on talk of short-selling ban Asia stocks sink, erasing billions in market value As U.S. watches Facebook, Hong Kong eyes Tencent The blockupation of Frankfurt Spain’s IBEX
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The biggest junk bond exchange traded funds by assets are paying yields in the 7% range but these etfs come with unique risks, including premiums and discounts to net asset value. SPDR Barclays Capital High Yield Bond ETF ( JNK – News ) and iShares iBoxx High Yield Fund ( HYG – News ) were down for the fourth straight session on Thursday although they pared early losses on heavy trading volume.
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