Taxability of frequent-flyer miles up in the air InvestmentNews But last month, Citibank, a unit of Citigroup Inc., sent out 1099 tax forms for miscellaneous income to its customers who were given frequent flyer miles as an award for opening a checking or savings account. Citi-bank's action spurred an influential ...
BSP cut in bank reserves frees up P100B ABS CBN News The BSP currently imposes a 21-percent reserve requirement ratio in banks. Of the total requirement, 10 percentage points is in the form of statutory reserve wherein the banks' reserves are actually kept in the vault of the BSP, while 11 percentage ... Effects of reserve cut both good and badMalaya
Fed Bank presidents disclose assets from farmland to stocks Ct Post Dudley, who was the New York Fed's markets-group chief when he received the waiver, owned $1200 of AIG stock in September 2008, according to waiver forms released Tuesday. He hadn't been required to sell the shares under the central bank's code of ...
A Bearish Pattern Forms – Stick with Value Investing Money Morning Australia by Greg Canavan on 4 February 2012 Last week, a massive liquidity injection from the European Central Bank (ECB) was the catalyst for change in market direction and sentiment. While this has removed the immediate threat of a European credit crunch, ...
CoBiz Forms Structured Finance Group MarketWatch (press release) "The lower middle market for leveraged loans is currently underserved by the banking industry in our markets," said Jonathan C. Lorenz, CEO of Colorado Business Bank and Arizona Business Bank. "Chris' knowledge and experience in leveraged lending will ...
Banks are not your friends Christian Science Monitor By Trent Hamm, Guest blogger / February 4, 2012 A woman passes a Bank of America office branch, in New York. Bank of America said Jan. 19, 2012, it made $2 billion in the last three months of 2011 from selling its stake in a Chinese bank and selling ...
Ohio treasurer hires two campaign staffers Dayton Daily News Sherrod Brown has written a letter to the CEO of Citibank after hearing reports that the bank is sending 1099 tax forms to customers who received frequent-flier miles as a reward for opening a checking or savings account. Brown, an Ohio Democrat who ...