PR Friend Press Releases

Credit cards are a modern marvel as far as contemporary financial practices are concerned. Its utilization has brought comfort to banks and customers alike. Creditcardkeepers.com helps in understanding this phenomenon in its entirety. After all, money is involved.

Modern technology has ample benefits associated with it. But, on the flip side, if proper caution is not exercised, they can result in blunders too. The site nicely explains this point in the context of credit cards by providing information about safe credit card usage so that maximum benefits can be derived from them.

The problem of credit theft is also adequately addressed by the site’s articles with regards to the potential dangers of credit card usage. Moral and ethical duties of a credit card owner are also nicely explained for helping individuals build a reputable credit score. Problems resulting due to multiple credit card usage and credit limit overriding form a major part of this explanation.

The site also provides information on the various kinds of credit cards such as business cards, low interest credit cards and so on. The information provided in this context helps individuals in selecting their card. For instance, businessmen would find that business cards are more effective in money management and transactions tracking as compared to other cards.

Lastly, the articles describing the quality, material and size standards that credit cards are required to conform are also quite interesting, especially for the inquisitive souls. It just enhances the overall understanding about credit cards in a new direction altogether.

The site has a rich collection of article archives which further help visitors in gaining a deeper and wider understanding of credit cards and their associated risks and benefits. Expert reviews and suggestions are also provided in these sections for furthering the understanding level.

About Credit Card Keepers

creditcardkeepers.com is one of those authentic information packed online resources that has been specifically created for answering the queries and difficulties faced by credit card keepers. It provides invaluable information about the functioning, types, benefits and application of credit cards. For more information, please visit at: http://www.creditcardkeepers.com/

Contact:
Casey Chance
475 Coleman Rd
Murfreesboro
TN 37127
USA
+1 615 904-4572
caseychance990@gmail.com
http://www.creditcardkeepers.com/

Iksanika, a US-based software outsourcing company with a production office in Eastern Europe is excited to announce the launch of a new development practice focused on financial and banking industry.

Processes related to finance require a comprehensive level of security, accuracy and reliability. The combination of these factors results in an utterly high level of requirements to software solutions and products focused on this specific domain. Iksanika offers technologically mature development services to a diverse number of financial market participants: payment service, market data, electronic brokerage providers, banks, exchanges and other financial service institutions. Iksanika addresses the companies that cannot use ready-made solutions and need new products to be developed, customized or integrated to existing software components to correspond with their unique business model. Company’s offer also covers end-to-end enterprise-wide system integration.

“With the continued success of our company and the increasingly strong demand of web-based and enterprise service solutions in financial sector, we are pleased to bring Iksanika experience to the industry”, – said Alex Vergej, CEO of Iksanika. – “Customers appreciate our high responsiveness, knowledge of technology- and industry-specific issues and willingness to contribute it to the project success. We deliver immediate benefits and lasting value to the companies that choose guaranteed quality of software services and optimized costs combined. Entrusting your project to Iksanika you get it delivered on time and on budget”.

Iksanika offers outsourced development of financial trading tools, payment services, corporate compliance, transaction routing systems, customer relations management, financial document management systems, and other software to serve financial and banking institutions.

“Today the financial sector demonstrates the signs of recovery after recession. And we believe it’s the right time to get ahead of the competition by making well-considered strategic investments and offering your clients next-generation reputable web-based services that allow to securely manage their money online. Besides, it’s a crucial moment when internal processes optimization can be the key to further success”, – commented Alex Vergej.

About Iksanika:

Iksanika delivers outsourced software development and custom software development services to leading software development and SaaS, e-Commerce and Rich Internet Application (RIA) providers worldwide. Iksanika’s main focus is web-based solutions, and offer full-cycle software development, re-engineering, QA and maintenance services. Certified by independent assessors (Carnegie Mellon University) and technology vendors (Adobe and Sun Microsystems), the company provides technological support to their customer’s business success by reducing time- and cost-to-market, along with enhancing functionality and usability of their customer’s software solutions.

For Immediate Release

Washington Mutual Shareholders, who wish to protect their stock and its value, must act immediately in an attempt to preserve their rights under the law, in the bankruptcy proceedings of WMI.

We need everyone to write letters in support of protecting their shareholder rights.

The form is located on www.wamuequity.org in the link labeled \”ACTION REQ\”. That tab will give you complete instructions on what should be included in your letter and where to send it. You will be able to fill out your form on line, and then print it off. Be sure to sign your name, however, do not print or type it. Please only send it to the PO Box listed on the instructions.

It is absolutely imperative that we show how many people we are by writing these letters. Our goal is 5,000 letters. Please be sure others you know, who also hold Washington Mutual Inc. stock (OTCBulletinBoard: WAMUQ) (PinkSheets: WAMPQ) (PinkSheets: WAMKQ) (PinkSheets: WAHUQ) write letters. This is the only source of power we have at this point, to be represented in the bankruptcy case, the more letters we get, the louder our voices will be. Please mail your letter today.

You will notice many changes at our website. We have changed our webpage hosting service and come up with what we hope will be an easier format for people to follow. It will include the information about the WaMu history of events leading up to and including the seizure and the current information all in the same place. It is still under construction, but please bear with us.

Due to this server change, you must re-register, on the main page and the forum as well. The security on our new system will not allow us to import your information from the old website. We apologize for any inconvenience this may cause. We recommend you create a new password as well.

If you do not register at the forum, then you will not get email updates about how things are progressing. Be sure to register in both places. Nothing is required to register other than an email address where you can be contacted. We hope you find our new site more useful and more \”user friendly\”.

Together, we can effect a change.

Contact Details:
WamuEquity.org
Street: ANDERSON ISLAND
City: ANDERSON ISLAND
State: WA
Zip/Pin Code: 98303
Country: USA

Tel: 360-790-1149
Email: JPresnall@WaMuEquity.org
Website: http://www.wamuequity.org/

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HSBC is providing £120,000 in university bursaries to help four promising students realise their potential and make the most of their time at university.

The bursaries will be awarded to the four students in November 2009, with £10,000 made available every year for three years.  To enter, students¹ need to complete a short online application² (www.hsbc.co.uk) explaining why they chose their degree and how they plan to use the funding.

The applications will then be short listed and the final decision made by a panel of judges, including:

• Aaron Porter, Vice President, NUS (National Union of Students)
• Joe Garner, Group General Manager, HSBC Bank plc
• Emerson Osmond, Commercial Manager, yougofurther.co.uk brought to you by UCAS

Lucy Payne, HSBC’s Youth and Student Manager said:  “This is the second year we have made bursaries available and we are delighted to be able to do so again.  HSBC invests heavily in financial education and literacy, focusing a lot of attention on helping young people and students to be responsible with their finances.”

In 2008, HSBC awarded four bursaries to students from a wide range of disciplines.   Imogen Cornick, who received one of the bursaries, is studying Sports Science & Material Technology at Birmingham University.  Commenting on how the bursary has helped her during her first year, Imogen said:  “The money has been an enormous help and has opened the door to many opportunities. All the money I had before was spent on fees and living expenses; now I even have the funds to go on trips run by the university.   I have also been able to cancel my student maintenance loan, which means I will graduate with no debt; a definite advantage.”

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The four students who were awarded bursaries in the 2008 HSBC Student Bursary Awards³ are:

• Mira Athanassouli, studying German and Modern Greek at Kings College in London;
• Zac Imam, studying MSci Geophysics at Imperial College in London;
• Chandni Patel, studying Medical Genetics at Queen Mary’s College, University of London; and
• Imogen Cornick, studying Sports Science & Material Technology at Birmingham University.

Media Enquiries to Candice Durrett on 020 7991 0634 or candicedurrett@hsbc.com

Additional information available on other Current Accounts (http://www.hsbc.co.uk/1/2/personal/current-accounts) provided by HSBC.

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Footnotes

Footnotes

1  The applicant must be an HSBC Bank plc 1st year student customer

2  The application form can be found at www.hsbc.co.uk/studentbursary

3.  Photos of the 2008 HSBC Bursary Awards winners are available upon request

Notes to editors

HSBC Bank plc

HSBC serves 15.6 million customers in the UK and employs more than 40,000 UK staff.  HSBC is Britain’s most recommended big bank.  HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings plc, and a member of the HSBC Group.

HSBC Holdings plc

HSBC Holdings plc serves over 125 million customers worldwide through around 10,000 offices in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of some US$2,150 billion at 30 June 2007, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as ‘the world’s local bank’.

For Immediate Release
Michael Rozenfeld, a Washington Mutual Inc. stockholder has requested that the Department of Justice revisit a previous request for an Equity Committee in the Chapter 11 Bankruptcy case of Washington Mutual Inc. Michael previously filed a request for an Equity Committee November 10, 2008, shortly after the seizure of Washington Mutual Bank and numerous subsidiaries. That request was denied on January 9, 2009, after a brief investigation and review by Joseph J. McMahon Jr., Department of Justice. The primary reason it appears to have been denied was that anticipated lawsuits had not been filed yet, and the WMI assets were less than their liabilities. Mr. McMahon stated at that time, that the request for an Equity Committee could be revisited at some future point.

In the November request, Michael had conjectured that lawsuits would be filed against the FDIC and JPMorgan. Those lawsuits have since been filed, but there is no resolution of them as yet. Shareholders are very positive about a favorable resolution of those suits but are concerned there may not be enough time to organize an official Equity Committee to protect the shareholders when resolution is reached. WMI appears to be in negotiations regarding this, based on a review of the attorney bills on file in the Bankruptcy Court in Delaware. Judge Mary Walrath is presiding over that case.

Michael is a member of the Washington Mutual Equity Group, which could be considered an ad hoc Equity Committee. It currently consists of approximately 500 members, and Michael made the current request on their behalf. Getting an Equity Committee is the sole purpose of that organization. Their website is www.WaMuEquity.org. Shareholders and the general public are encouraged to visit that website to get more information on the seizure and Equity Committees. Another popular shareholder website is www.wamustory.com where a plethora of official documents regarding the seizure and sale can be found.

The reason for an Equity Committee is to protect shareholder interests in the resolution of the Chapter 11 Bankruptcy that was filed. Currently the shareholders are not formally protected. Many shareholders have modified their holdings to include shares of WAHUQ, WAMPQ, WAMKQ and WAMUQ, in an attempt to protect themselves at least partially. The company\’s net cash flow for April was 48.8 million.

Contact:
WaMuEquity.org/Wamutruth.com
Street: ANDERSON ISLAND
City: ANDERSON ISLAND
State: Washington
Zip/Pin Code: 98303
Country: USA

Telephone: 360-790-1149
Email: JPresnall@WaMuEquity.org
Website: http://wamuequity.org/
http://www.wamustory.com/

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For Immediate Release:
The New York Fed has released a report regarding liquidity hoarding which clearly implicates the cause of  the current troubles Americans are having receiving loans with the arbitrary seizure of Washington Mutual Bank in September (Link below).  As more information surfaces every day regarding the players involved in the financial crisis, it is clear that the decisions of regulators served only to worsen it.

As the American economy continues to flounder as a result of the inability for businesses to obtain loans to grow and create new jobs, it has become clear that one of the key factors for a successful recovery is to remedy the unwillingness of large banks such as Bank of America (BAC), Citigroup (C), JPMorgan (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) to lend money to businesses and consumers.

As shown in the graph below from the report, it is clear that upon the seizure of Washington Mutual, interbank lending froze with an unprecedented increase in loan basis points. Simply stated, the banks started hoarding money which immediately transported the financial crisis from Wall Street to Main Street. Without the ability to move and lend money, the economy froze and began an immediate decline which is most clearly evidenced through American’s losses of their jobs and retirement savings.

Through the actions of Sheila Bair, chairman of the FDIC, banks and private investors learned that the federal government could seize an institution which, by the FDIC’s own admission, was well-capitalized through the day of seizure and sell it for pennies on the dollar, wiping out investors.

Every major bank at this point realized that they too could also be seized if they also had a temporary drop in liquidity and immediately stopped lending in an effort to preserve as much cash as possible. Foreign governments, such as China which lend money to the American government and banks, also were affronted by this unheard of action and began efforts to stop storing their capital in the United States thereby destroying one of the main funding mechanisms of American financial institutions.

Although individual stockholders lives were also ruined, their losses pale in comparison to the effect on the United States economy as a whole. It is clear that wrong decisions were made. Someone needs to be held accountable for these actions and a remedy needs to be provided for all of the wronged parties. If the FDIC is responsible for this collapse then it is reasonable to ask if these mistakes could have been avoided. The legislative branch of the US government is making preparations for increasing both the FDIC’s funding and power. Before the keys to the kingdom are handed over it would be prudent to investigate what wrongs have been committed. Only once this is done will economic recovery be possible.
New York Fed Report:
www.newyorkfed.org/research/conference/2009/cblt/interbank_market_HHH_jan09.pdf

About the Organization:
The chief aim of WamuTruth is to explain the implications of the unprecedented Washington Mutual seizure to the media and the general public. More information can be found at our website or www.WamuStory.com

Contacts:
Wamutruth.com
Street: Houston
City: Houston
State: TX
Zip/Pin Code: 77024
Country: USA

Email: JPresnall@WamuTruth.com
: Mike@WamuTruth.com
Phone No: 512-809-8556
: 360-790-1149
Website: www.Wamutruth.com
: www.WamuStory.com

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Redondo Beach, CA – Banker and social media author, Jesse Torres, today urged banks and bank regulators to utilize social media (Web 2.0) as part of their Community Reinvestment Act (“CRA”) programs and financial literacy initiatives.

In an April 20, 2009 press release, Comptroller of the Currency (“OCC”) John C. Dugan stated that “financial literacy is the first step toward financial success for our kids and for many older consumers.  These programs spread the word that financial knowledge can help them protect, manage, and invest their money better.  For banks that means increased opportunities to expand their customer base and deposits, increase customer loyalty and satisfaction, and target initiatives to low- and moderate-income communities to earn positive CRA consideration.”

Social media is the ideal tool for banks and their CRA Officers.  Through social media banks can accomplish many of their CRA objectives including:

• Reaching and communicating with teens and young adults in a manner that they are comfortable with;
• Improving the bank’s reputation and positive word of mouth by demonstrating that the organization listens, cares and is capable of interacting with consumers at a human level;
• Leveraging of knowledgeable and scarce bank resources through increased use of video, blogs and other tools – reducing the amount of time spent outside of the bank; and,
• Providing a valuable service at a reasonable cost.

”Regulators have placed a premium on banks’ financial literacy efforts.  The FDIC has gone as far as developing and distributing financial literacy training materials to financial institutions in an effort to encourage broader participation by the banking industry,” said Mr. Torres.  “While everyone can benefit from such efforts, emphasis has been placed on outreach to children, youth and young adults, who may not have any financial management skills or training.  Of particular focus are those from low- and moderate-income communities, which the CRA explicitly seeks to benefit.”

“Based on Generation Y’s large-scale adoption of social media platforms such as Facebook, MySpace and Twitter, as well as a substantial increase in adoption of social media by Gen X and baby boomers, banks would be well served to leverage social media as a platform for financial literacy and CRA compliance.  With a modest cost of implementation and a tremendous potential for positive returns, social media is an ideal solution,” said Mr. Torres.  “As with any new product or service, there are pros and cons.  However, a well thought out strategy can provide not only valuable CRA credit as an “innovative” solution but can also positively affect a bank’s bottom line as positive word of mouth is converted to banking products and services.”

Jesse Torres is a banker and the author of The Community Banker’s Guide to Social Network Marketing, a free 70-page primer on social media and social networks available at http://www.tinyurl.com/cbgsnm.  Jesse can be reached by e-mail at MrJesseTorres@gmail.com.  He can also be found on LinkedIn at http://www.linkedin.com/in/jessetorres and on Twitter at http://www.twitter.com/jstorres.  His blog, Social Media and Banking, can be found at http://socialmediabanking.blogspot.com.