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Mohit on banking
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    5
    0 starsmohit | Shared With: Everyone - Mar 04 2008 | cd's, finance, banking, investment club, investing
    EverBank - World Currency CDs

    FDIC insured CD's in world currencies. The interest rates are lower for stronger currencies, however.

    Quoted: World Currency CDs from EverBank: Diversify your portfolio globally with foreign currencies and earn CD interest rates available in major foreign countries.

  • vote
    2
    0 starsmohit | Shared With: Everyone - Dec 20 2007 | news, investment club, china, banking, sovereign wealth funds
    BBC NEWS | Business | Morgan Stanley takes $9.4bn hit

    China now owns 10% of Morgan Stanley. Also...

    Quoted: A number of other large investment banks have also received cash injections from sovereign wealth funds.
    ...
    In October, Bear Stearns agreed to a $1bn investment from Citic Securities, which is controlled by China's government.
    ...
    Meanwhile, Citigroup sold a stake worth $7.5bn to the Abu Dhabi government's investment arm.

  • vote
    9
    0 starsmohit | Shared With: Everyone - Dec 01 2007 | news, money, business, Citigroup, banking
    Citi of Arabia - WSJ.com

    Interesting editorial on the Citigroup deal from the normally free-market Journal.

    Quoted: Investors seem delighted that Abu Dhabi is injecting $7.5 billion into Citigroup, bidding up stocks in general on new confidence that the mortgage solvency crisis might ease. We hate to spoil the party, but it strikes us as unfortunate, if not a tragedy

  • vote
    3
    3 starsmohit | Shared With: Everyone - Dec 04 2005 | banking, first tech
    7 Eleven ATMs

    I used to use Washington Mutual to withdraw from my First Tech account, but they just started charging a surcharge. So, this article should be good news for any First Tech members (aka Microsofties).

    Quoted: Just in time for the holidays, 7-ElevenĀ® convenience store ATMs across the United States are now surcharge-free to First Tech members. Although many of the ...

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