Iraqi Banking System Needs Overhaul

BAGHDAD: Decades of dictatorship, war, international sanctions, and isolation from the outside world have left Iraq’s banking sector in such a poor state that people do not believe such things as cash machines or a “smart card” exist, a senior banking official says.
Rafidain Bank Director Abdul-Hussayn al-Yasiri told RFE/RL’s Radio Free Iraq that if the [...]

Managing your debt and credit

I cam across a fantastic guide on how manage your debt, credit and make decisions to accomplish important financial goals.
The guide goes through 6 key subject topics, such as:

Managing Debt and Credit,
installment debt,
revolving line of credit,
intelligent use of your credit,
how to get rid of credit card debt and
what is the role of your debt

Read the [...]

Europe puts more on the line for banks than US

Europe puts $2.3 trillion, far more than US, on the line for banks and stocks soar
PARIS (AP) — Europe put $2.3 trillion on the line Monday to protect the continent’s banks, a figure that dwarfs the Bush administration’s $700 billion rescue program, in its most unified response yet to the global financial crisis after a [...]