Written by Benjamin Woods on August 26, 2011.
Deutsche Bank, the Germany-based bank that is in the process of rolling out its own lineup of DBX ETFs in the U.S., is buying back three Elements ETNs that carry investing legend Benjamin Graham’s name. It didn’t cite a reason, but the three ETNs have gathered few assets.
The three ETNs, and their assets as of Friday, Aug. 19, are:
- Elements Benjamin Graham Total Market Value Index-Total Return ETN (NYSEArca: BVT), $2.82 million
- Elements Benjamin Graham Large Cap Value Index-Total Return ETN (NYSEArca: BVL), $520,000
- Elements Benjamin Graham Small Cap Value Index-Total Return ETN (NYSEArca: BSC), $1.39 million
Holders of the ETNs as of Aug. 23 are will receive a cash payment on Aug. 26 equal to the daily repurchase value on Aug. 23, Deutsche said in a press release. It said the dates could change due to certain market disruption events.
It noted that it will post information related to the repurchases on the website as soon as possible after Aug. 23.
Full Post…
Written by Admin on July 21, 2011.
If you are stuck in a debt trap with high interest and you want to get rid of them, then opting for non profit debt consolidation is a great idea. Debt consolidation loans combine all existing debts into one affordable payment with your lower interest rate that can be simply paid off. You will need to place collateral against the loan amount to take advantage of secured debt consolidation loans.
Secured consolidation loans allow combining any debts in the form of store cards, medical bills, credit cards or other small personal loans. The reason for secured debt consolidation loans is to reduce interest premiums and thereby reducing monthly repayments. That way you only pay one monthly payment instead of several. Also, you can get rid of irritating calls from your creditors.
When you decide to use the assistance of debt consolidation specialists, they will also negotiate with your creditors to reduce interest rates of your debts. Full Post…
Written by Admin on April 12, 2011.
Even with fears of recession, job layoffs, and the debt spiraling out of control, consumer debt is still high. The average American carries about $ 8 – 12 thousands for credit card debt. Now it is down about 5% from 2010 statistics, but clearly many Americans are still struggling with credit card debt. If you’re one of them, following these rules can help get credit card debt relief.
First of all you need to say “goodbye” to plastic. It probably seems too obvious to even mention this, but it is very important, so you should stop using your credit cards! This is probably the most important rule you need to follow if you decide to eliminate credit card debt. Unfortunately the vast majority of the 54 million Americans struggling with credit card debt continue to use their credit cards. Only a very small percentage have been interrupted and try to get rid of their credit card debt unsecured once and for all.
The negotiations with your credit card company can cause a lower interest rate. Full Post…
Written by Admin on April 6, 2011.
Debt consolidation is a debt solution that helps you in combining all your multiple debts into one outstanding debt. The interest rate is also reduced as you pay much lower than what you would pay originally.
There are many ways in which you can consolidate your debts. You can take out a debt consolidation loan or take the help of a debt consolidation company. One of the best ways to consolidate is to take the help of debt consolidation companies as they are professionals and can negotiate better with your creditors in exchange of a debt consolidation fees.
However, some debt consolidation companies offer free debt consolidation. You should understand that such a thing as free debt consolidation is not possible as all debt consolidation companies’ function in the market for their profit motive. Reducing your debts and ensuring your welfare is not the first thing on their minds. T Full Post…
Written by Benjamin Woods on January 16, 2011.
A data breach at the Pentagon Federal Credit Union (PenFed) has exposed the personal and financial records of members of the U.S. military and their families, putting hundreds of thousands of people at risk of identity theft.
The Pentagon Federal Credit Union database, which includes names, addresses, Social Security numbers and credit card numbers, was accessed by a malware-infested PC.
PenFed serves about 100,000 members in the Air Force, Army, Coast Guard, Department of Homeland Security, Department of Defense and the Veterans of Foreign Wars. The Pentagon Federal Credit Union offers mortgages, credit cards and loans to its customers, and has $15 billion in assets.
The full extent of the data breach is not yet known. T
Full Post…
Written by Hugo Pethebridge on January 15, 2011.
This McAfee Labs list comprises 2010?s most buzzed about platforms and services, all of which are expected to be major targets for cybercriminals in the coming year.
Exploiting Social Media: URL-shortening services With more than 3,000 shortened URLs being generated per minute, McAfee Labs expects to see a growing number used for spam, scamming, and other malicious purposes.
Exploiting Social Media: Geolocation services Locative services can easily search, track, and plot the whereabouts of friends and strangers. Cybercriminals can see what users are saying and where they are located in real time, as well as their interests and which operating systems and applications they are using.
Mobile: Usage is rising in the workplace, and so will attacks 2011 will bring a rapid escalation of attacks and threats to mobile devices, putting user and corporate data at very high risk.
Apple: No longer flying under the radar The popularity of iPads and iPhones in business environments, combined with the lack of user understanding of proper security for these devices, will increase the risk for data and identity exposure.
Applications: Privacy leaks—from your TV
New Internet TV platforms were “rushed to market” by developers, and some lack security. These
Full Post…
Written by Benjamin Woods on January 10, 2011.
There were 662 data breaches in the United States in 2010, almost a 33 percent increase from 2009 according to a report by the Identity Theft Resource Center (ITRC). The 662 data breaches exposed a total of 16,167,542 records. It’s a seemingly staggering number, though the ITRC adamantly states in a press release that the statistic may in fact be drastically low.
The actual number is considerably higher because current regulations in the United States don’t require all data breaches to be disclosed, the group said. “Other than breaches reported by the media and a few progressive state Websites, there is little or no information available on many data breach events,” said the ITRC.
The Identity Theft Resource Center defines a breach as any event that potentially puts a person’s name, Social Security number, drivers license number, medical record or financial record (credit or debit card) potentially at risk either in electronic or paper format.
The 2010 report clearly shows that some companies listed the exact number of documents exposed in their incidents.
Other breaches, however, were not as transparent. Nearly half
Full Post…