Former Credit Union COO Ordered to Pay $72.5M

On November 26, 2012, the US Attorney’s Office for the Northern District of Ohio reported that Anthony Raguz was sentenced to 14 years in prison and ordered to pay $72.5 million.  Raguz was the former chief operating officer of the St. Paul Croatian Federal Credit Union, and the he is responsible for what the U.S. Attorney ...

Large Financial Institutions Must Annually Conduct Stress Test

On October 9, 2012, the Federal Deposit Insurance Corporation (FDIC) announced the final rules for stress testing by large financial companies required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  The final rules apply to federally insured financial institutions with consolidated assets equaling ...

European Finance Leaders Meet to Avoid Euro Zone Debt Crisis

In an emergency meeting to decide how to deal with an impending Greek default, Euro Zone leaders are meeting in Brussels to discuss the possibility of a bailout to keep the Euro afloat and the European Union intact.  The Greek problem has recently been exacerbated by referendums and protests indicating Greek citizens are no longer willing ...

Emerging Market Investors Face Losses Among Worldwide Fears

The emerging markets of the BRIC nations lead many to favor investing in their economies, as it was believed Brazil, Russia, India, and China were ready to join the major economies of the world.  While such held true, recent turmoil in the world markets has rocked the financial security of such investments.  This year has been especially ...

New “Apps” Make Personal Finance a Breeze

As many people have struggled to get their personal finance in order, especially as they seek the newest and expensive 'must haves', these same expensive pieces of technology now offer help in getting their user's books in order.  Now, Ipad, smart phone, and tablet users have a host of news applications that can help them do everything ...

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