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Citibank has decided to change to a fee based system

Citibank has decided to change to a fee based system

After selling a lot of its brokerage business, Citibank has decided to regroup and change how it runs its brokerage business in the United States and across North America. The biggest change that it is going to implement is the decision to have the financial …

Short selling stocks and what you may miss

Short selling stocks and what you may miss

I took an investments class as my last class before I graduated. In the class I finally began to understand how someone can short sell a stock, fundamentally.
As everyone knows, short selling a stock means that when the stock price goes down, you’re making money…basically. …

Today’s Ebook – Top 20 Brokers for Individual Investors

Today’s featured ebook download is Top 20 Brokers for Individual Investors (1.30 MB, 29 pg) – Today, the brokerage industry truly has something to offer every customer. Yet, choosing the right broker from the more than 100 (according to Yahoo!) online discount brokers is often …

BofA’s CEO said goverment told him to keep quiet about Merrill Lynch

Kenneth Lewis, chief exec of Bank of America is claiming that Ben Bernanke, Federal Reserve chairman, and former Treasury dept. chief Henry Paulson pressured BofA not to talk about its plan to buy Merrill Lynch. Under oath, Lewis said that he believed Bernanke and Paulson …

Madoff’s assets to be posessed by the government

U.S. prosecutors are looking to seize assets totaling over $100 million from Bernard and Ruth Madoff’s estate.
Included in the seizure:

Apartment in Manhattan
Homes in Palm Beach, Florida, Cap d’Antibes, France, and Long Island,New York. The properties total value is $22 million.
$17 million in a bank …