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If the financial crisis continues to ease, there is a danger that politicians will relax and minds will wander from the need for new financial rules, warns Clive Crook See more here: Beware the crisis around the corner

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Beware the crisis around the corner

This week Koss Corp (NASDAQ:KOSS) announced that Sujata “Sue” Sachdeva was fired from her position as Vice President of Finance for stealing at least $4.5 million from the company. Two members of the accounting staff Sachdeva supervised were suspended without pay. And then the estimate of losses went up to $20 million . The theft occurred between 2006 and 2009, and the company has said that none of the financial statements for those years can be relied on. The fraud scheme was simple: She used the company’s money to buy millions of dollars of clothing and jewelry See the original post: How the VP of Finance at Koss steals millions

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How the VP of Finance at Koss steals millions

The proportion of US borrowers who have got behind on mortgage payments will fall in 2010 for the first time since the financial turmoil began in a sign that the nation’s housing crisis is abating, the credit bureau TransUnion forecasts Here is the original post: US mortgage delinquencies to fall in 2010

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US mortgage delinquencies to fall in 2010

Its chief may have apologised for its role in the financial crisis, but no-one seems to think the truth of the situation has sunk in at the Wall Street bank More: Global Insight: Goldman’s claims to genius

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Global Insight: Goldman’s claims to genius

China may be chief beneficiary of the financial crisis and the latest challenger to US hegemony but a dependence on exports limits Beijing’s room for manoeuvre Here is the original post: US: Decline but no fall

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US: Decline but no fall

Ben Bernanke, chairman of the Federal Reserve, placed capital at the centre of his recipe for improving the financial system’s safety, putting banks on notice that they faced a possible capital surcharge or higher equity buffers Read more: Fed chief warns banks on capital

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Fed chief warns banks on capital

We can look at the future and the likely role of defined benefit plans for larger employers if we look at the rationale for retirement plans and the decisions employers make in choosing plan type. For small employers, there is not much to decide in looking at defined benefit plans. The complexity of regulations has driven the administrative cost up so that the minimum cost of operating such plans is out of reach for most very small employers. For other employers, the next question concerns attitude about the financial risk related to retirement plan sponsorship See original here: Find Useful Tips about Retirement Investment

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Find Useful Tips about Retirement Investment

Income inequality pressures have been overshadowed by the financial crisis. But will soon be centre stage, writes Matthew Slaughter Read more: Time to tackle America’s widening inequality

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Time to tackle America’s widening inequality