“Secrets“ about the US credit card business

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. I´m not sure whether the following are really “secrets”. Very likely they are not. But they are definitely not commonly known – even to US-Americans, who use, on average, about 8 credit cards per person. Especially the Germans always wonder about the problems the US-Americans have with credit cards and how it is possible

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The Swiss Banking Business Model Faces Realignment

By: Ainsley Brown The world economic down turn has had many knock on effects, many of which unexpected. It seems that bad times has the uncanny effect of making the once unthinkable, unsayable and undoable all very much possible. The Swiss banking model can be best characterized with one word: Secrecy. This don’t ask don’t tell attitude is more than

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Northern Rock: The Latest Chapter

By: Ainsley Brown This is an update to Shareholders Fail in Human Rights Cases Against UK Government. The Northern Rock shareholder group, lead by the Hedge Funds SRM Global and RAB Capital, last week launched their appeal of the decision reach in the High Court about the UK government’s nationalization compensations scheme.  The appeal comes in the form of judicial

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GM Continues Its Restructuring Long March With Plans To Sell Vauxhall.

By: Ainsley Brown General Motors (GM) this week in another move in its restructuring plan has taken further steps to divest itself of its European operations. First it was Swedish Saab now it’s the UK’s Vauxhall. According to the report in the Times GM is prepared to sell Vauxhall at a discount price – you could even say at a

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Obama Administration Toxic Asset Plan: I Just Don’t Get It.

By: Ainsley Brown I must say that I consider myself a relatively intelligent person – though admittedly not an economic guy – I believe myself able to grasp practically any concept once explained. And the Obama toxic asset plan, I just don’t get it. Please do not read this as either a general criticism of the President or the specific

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CARICOM Moving Towards Greater Harmonization

BY: Ainsley Brown The Caribbean Community and Common Market (CARICOM) or as it is now known, CARICOM Single Market and Economy is moving towards greater harmonization. The Single Markets’ members have either completed or are in the process of having their laws and administrative practices and procedures reviewed in order to facilitate the objectives of the Revised Treaty of Chaguaramas.

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