Swiss bank

21 Jan

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BofA cuts 40 jobs in Merrill’s Indian wealth unit | Your Swiss …
Bank of America has laid off 40 employees in the wealth management unit of DSP Merrill Lynch India, according to report in The Economic Times, a local. read more…

UBS signals Japan ambitions with veteran appointment | Your Swiss …
UBS has appointed veteran Japanese banker Toshiharu Kojima as country manager in Japan, a newly create role, underscoring the Swiss bank’s intention to. read more…

Survey on the Swiss financial center and the Swiss bank client …
Dear all, for my degree dissertation I have started a survey about the Swiss financial centre and the Swiss bank client confidentially. The survey takes about 5 minutes. I’d like to know how people. read more…

From Google Blog Search

Bullet Advisory Indian Stocks Weeklyï¿½ Markets to remain stock specific following Q3 results
Bullet Advisory Indian Stocks Weekly? Markets to remain stock specific following Q3 results

BSE Sensex(9323.59) and Nifty(2828.45) closed 0.9% and 1.6% down respectively last week. Inflation was a… read more…

Gold Standard Foreign Exchange Market
The gold standard is a monetary system in which the standard economic unit of account is fixed weight of gold. With the gold standard, United States economy would print currency that equaled a specifi… read more…

Investing in Precious Metals ï¿½ Gold Bullion
During these times of economic hardship, there is a high demand for stable and reliable investments. Both experienced and novice investors are turning to precious metals, and more specifically gold bu… read more…

From GoArticles.com

Resolved Question: What is happening with the European economy? Half of it in depression per this? What do you think?
http://www.gata.org/node/7098

Ambrose Evans-Pritchard: Monetary union puts half of Europe in depression
Submitted by cpowell on Sat, 2009-01-17 20:18. Section: Daily Dispatches
By Ambrose Evans-Pritchard
The Telegraph, London
Saturday, January 17, 2009

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/427864…

Events are moving fast in Europe. The worst riots since the fall of Communism have swept the Baltics and the south Balkans. An incipient crisis is taking shape in the Club Med bond markets. S&P has cut Greek debt to near junk. Spanish, Portuguese, and Irish bonds are on negative watch.

Dublin has nationalised Anglo Irish Bank with its half-built folly on North Wall Quay and E73 billion (L65 billion) of liabilities, moving a step nearer the line where markets probe the solvency of the Irish state.

A great ring of EU states stretching from Eastern Europe down across Mare Nostrum to the Celtic fringe are either in a 1930s depression already or soon will be. Greece’s social fabric is unravelling before the pain begins, which bodes ill.

Each is a victim of ill-judged economic policies foisted upon them by elites in thrall to Europe’s monetary project — either in the European Monetary Union or preparing to join — and each is trapped.

As UKIP leader Nigel Farage put it in a rare voice of dissent at the euro’s 10th birthday triumph in Strasbourg, EMU-land has become a Volker-Kerker — a “prison of nations,” to borrow from the Austro-Hungarian Empire.

This week, Riga’s cobbled streets became a war zone. Protesters armed with blocks of ice smashed up Latvia’s finance ministry. Hundreds tried to force their way into the legislature, enraged by austerity cuts.

“Trust in the state’s authority and officials has fallen catastrophically,” said President Valdis Zatlers,
who called for the dissolution of parliament.

In Lithuania, riot police fired rubber-bullets on a trade union march. Dogs chased stragglers into the Vilnia river. A demonstration outside Bulgaria’s parliament in Sofia turned violent on Wednesday.

These three states are all members of the Exchange Rate Mechanism (ERM2), the euro’s pre-detention cell. They must join. It is written into their EU contracts.

The result of subjecting ex-Soviet catch-up economies to the monetary regime of the leaden West has been massive overheating. Latvia’s current account deficit hit 26 percent of GDP. Riga property prices surpassed Berlin.

The inevitable bust is proving epic. Latvia’s property group Balsts says Riga flat prices have fallen 56 percent since mid-2007. The economy contracted 18 percent annualised over the last six months.

Leaked documents reveal — despite a blizzard of lies by EU and Latvian officials — that the International Monetary Fund called for devaluation as part of a E7.5 billion joint rescue for Latvia. Such adjustments are crucial in IMF deals. They allow countries to claw their way back to health without suffering perma-slump.

This was blocked by Brussels — purportedly because mortgage debt in euros and Swiss francs precluded that option. IMF documents dispute this. A society is being sacrificed on the altar of the EMU project.

Latvians have company. Dublin expects Ireland’s economy to contract 4 percent this year. The deficit will reach 12 percent of GDP by 2010 on current policies. “This is not sustainable,” said the treasury. Hence the draconian wage deflation now threatened by the Taoiseach.

The Celtic Tiger has faced the test bravely. No government in Europe has been so honest. It is a tragedy that sterling’s crash should have compounded their woes at this moment. To cap it all, Dell is decamping to Poland with 4 percent of GDP. Irish wages crept too high during the heady years when Euroland interest rates of 2 percent so beguiled the nation.

Spain lost a million jobs in 2008. Madrid is bracing for 16 percent unemployment by year’s end.

Private economists fear 25 percent before it is over. Spain’s wage inflation has priced the workforce out of Europe’s markets. EMU logic is wage deflation for year after year. With Spain’s high debt levels, this is impossible.

Either Mr Zapatero stops the madness, or Spanish democracy will stop him. The left wing of his PSOE party is already peeling off, just as the French left is peeling off to fight “l’euro dictature capitaliste.”

Italy’s treasury awaits each bond auction with dread, wondering if can offload E200 billion of debt this year. Spreads reached a fresh post-EMU high of 149 last week. The debt compound noose is tightening around Rome’s throat. Italian journalists have begun to talk of Europe’s “Tequila Crisis” — a new twist.

They mean that capital flight from Club Med could set off an unstoppable process.

Mexico’s Tequila drama in 1994 was triggered by a combination of the Chiapas uprising, a current account haemorrhage, and bond jitters. The dollar-peso peg snapped when elites bega
The dollar-peso peg snapped when elites began moving money to US banks. The game was up within days.

Fixed exchange systems — and EMU is just a glorified version — rupture suddenly. Things can seem eerily calm for a long time. Politicians swear by the parity. Remember John Major’s “soft-option” defiance days before the ERM blew apart in 1992? Or Philip Snowden’s defence of sterling before a Royal Navy mutiny forced Britain off the Gold Standard in 1931.

Don’t expect tremors before an earthquake — and there is no fault line of greater historic violence than the crunching plates where Latin Europe meets Teutonia.
Greece no longer dares sell long bonds to fund its debt. It sold E2.5 billion last week at short rates, mostly 3-months and 6-months. This is a dangerous game. It stores up “roll-over risk” for later in the year. Hedge funds are circling.

Traders suspect that investors are dumping their Club Med and Irish debt immediately on the European Central Bank in “repo” actions.

In other words, the ECB is already providing a stealth bailout for Europe’s governments — though secrecy veils all.

An EU debt union is being created, in breach of EU law. Liabilities are being shifted quietly on to German taxpayers. What happens when Germany’s hard-working citizens find out?

Voting Question: Hi I got a appointment letter from british petrolium company PLC is it is true recruits with out any interview?
And here is the details
After observing the six (6) candidate qualification this morning, I want you to know that the recruit team has found you favorable after going through your qualifications properly, the Board of Directors of this company deemed it nice also that such person with this kind of qualification can handle this position with ease without engaging in any difficulty while handling jobs.

You have been appointed as a staff of British Petroleum Company United Kingdom, the scope of this company will be sent to you via courier for your reading pleasure.

Job Status With BP

Permanent Appointment

Resumption Date:

23rd March 2009

Position:

Sales Officer

Monthly Salary:

15,500GBP

You will be briefed on your Job out line after your training program at our institutes here in the United Kingdom .

You are entitled to relocate down to London with a maximum of 6 members of your family; all immigration documents will be processed free for them by BP, since you are already a staff of this company.

Do be informed that as a new staff of this company, you are expected to contact our staff paying bank as soon as possible to set up your salary account with them immediately.

As soon as you set up your online account with them, your account logging details will be given to you by the account officer, these details will have to be sent to me via email, so our finance department can deposit you total allowance and benefit into it immediately.

You will be required to transfer all this funds deposited in your BP Salary account to your home account . You will be guided by the bank office for any information required.

Do contact the bank with these details:

Bank Name: Swiss Credit Bank Ltd

Bank Email: accountoffice@swisscreditsbonline.com

Account Officer: Mr. Ray Williams

Tel No: +(44) 702-301-6979

Bank Address: 1st Floor, 99 Hatton Garden, London ,
United Kingdom , EC1N 8DN.

Do contact the account officer with this email address given above, informing him that you are of the newly appointed staff of BP.Do stated your BP staff Ref No to him and your Position.

Break down of the payment upfront which is to be transferred into your BP salary account which you are to setup with our staff bank.

All staff of BP most set up an online account with Swiss Credit Bank. All salary and benefit will be paid into this account.

As a newly employed staff of this company, you are entitled to the following benefit and allowance as a new staff.

Allowance and Benefit Due to Mr. Nagendra .A:

1.) 6months Salary Upfront Payment: 93,000GBP

2.) Children Education Allowance: 4,500GBP

3.) Mobilization: 3,000GBP

4.) Relocation Allowance: 4,200GBP

5.) Clothing Allowance (Staff & Family):3,700GBP

6.) Medical Allowance: 2,800

7.) Re-imbursement: 1500GBP

8.) Housing Allowance 4,000GBP

Total: 116,700GBP

All benefit and allowance will be deposited into your online account as soon as you activate your BP salary account with our designated bank and be informed that BP will not transfer your salary into your home account as all salary that will be paid to you by this company has to be deposited in your staff salary account.As s0on as you have your salary account activated,you are to forward your salary account number to me so i can send it to the account dept for the transfer of your salary and your salary account number has to be registered in our staff salary account list.

You will be transferring the total funds which are to be deposited into your BP salary account to your home account for your personal computer system in your home.

As a newly employed staff, you are to utilize this allowance for proper arrangement for your relocation to resume office here in the United Kingdom .

You are to also contact the travel agency to process your traveling documents which you will be needing to resume duty with BP and here is the contact details.

Contact Details To The Travel Agency:

Agency Name: Alpha Travel Agency

Processing Officer: Dr. Walter Cooker

Email ID: dr.cookerwalter656@googlemail.com

Tel No: +(44) 702-301-6599

Address: 12 carron str, London, SW8 3RT.

As a newly employed staff you have been given 3months notification to get your self prepared for the new task ahead, But i want you to know that you will have to come to London By 9th March 2009 for enrollment into our staff training institute, after registering all your course with our institutes, you will be going back to your country. You will be resuming office on the stated date given above.

Note:You are bear the cost of setting up your staff salary account which you need to activate with our paying bank while BP will take full responisbility for the processing of your traveling documents for

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