<?xml version="1.0" encoding="UTF-8"?><!-- generator="WordPress/2.9.2" -->
<rss version="0.92">
<channel>
	<title>Present IT</title>
	<link>http://www.presentit.se</link>
	<description></description>
	<lastBuildDate>Sat, 02 May 2009 14:09:42 +0000</lastBuildDate>
	<docs>http://backend.userland.com/rss092</docs>
	<language>en</language>
	
	<item>
		<title>UK Budget Deficits</title>
		<description><![CDATA[April&#8217;s fiscal stimulus is likely not about to happen following a budget deficit of 12.6% of GDP. This figure is far
higher than what was predicted by the Chancellor Alistair Darling. Darling announced that an 8% GDP rise in borrowing was expected over next year. This amounts to 118 billion pounds. As a result, the April [...]]]></description>
		<link>http://www.presentit.se/uncategorized/uk-budget-deficits</link>
			</item>
	<item>
		<title>Egg Pensions remain after the sale</title>
		<description><![CDATA[Despite the internet bank Egg changing hands from Prudential to Citigroup, Citigroup intends to retain the
bank&#8217;s name but offer much wider range of services to its UK clients than what Prudential was previoulsy
able to offer. Citigroup claims that its experience in lending and its ideal credit histories will ensure
that Egg will become profitable in short [...]]]></description>
		<link>http://www.presentit.se/uncategorized/egg-pensions-remain-after-the-sale</link>
			</item>
	<item>
		<title>Comments from Warren Buffet</title>
		<description><![CDATA[The billionare investor Warren Buffet, who has huge investments in the banking and insurance industries, recently
said that the US economy has &#8216;fallen off a cliff.&#8217; Speaking on US cable network CNBC, Buffet said that the economy
has not only slowed down, but habits of the Americans have changed considerably. The 78-year old owner of the investment [...]]]></description>
		<link>http://www.presentit.se/uncategorized/comments-from-warren-buffet</link>
			</item>
	<item>
		<title>Regulation is key to Capital Flows</title>
		<description><![CDATA[Prior to the G20 meeting in London, POBC has released a series of articles on its opinion regarding the causes of the
current financial crisis. In one of the reports, POBC said that regulation has failed to keep up with new emerging
financial institutions, products and markets. The statement said that there is a lack of understanding [...]]]></description>
		<link>http://www.presentit.se/uncategorized/regulation-is-key-to-capital-flows</link>
			</item>
	<item>
		<title>HSBC Rights issue</title>
		<description><![CDATA[HSBC plans to raise GBP12.5 billion to help bolster its capital cushion and fund acquisitions. This capital raising,
despite the negative news, is a positive one as it points to the bank&#8217;s significant strength and a new-found
confidence in the banking sector which has proven to be hugely significant. This capital raising will be a
rights issue to [...]]]></description>
		<link>http://www.presentit.se/hsbc/hsbc-rights-issue</link>
			</item>
	<item>
		<title>Citigroup buys Egg</title>
		<description><![CDATA[In a move to possibly boost its revenue, Citigroup bought the internet bank Egg from the UK insurer Prudential
for only 75 million pounds. This is 375 million pounds less than the original value, or about 40% less value than that
assigned by Prudential just a year ago. The reason for the sale, according to Prudential was [...]]]></description>
		<link>http://www.presentit.se/citygroup/citigroup-buys-egg</link>
			</item>
	<item>
		<title>Change in Citigroup hoped to stabilize the Bank</title>
		<description><![CDATA[In a bid to stabilize its postion and reassure the markets, Citigroup has agreed to have the Government
restructure its board of directors to include more independent members. Last year, in a bid to cut costs, the
bank slashed over 50,000 jobs and in January, Citigroup was split into 2 separate entities. These 2
businesses would help in [...]]]></description>
		<link>http://www.presentit.se/citygroup/change-in-citigroup-hoped-to-stabilize-the-bank</link>
			</item>
	<item>
		<title>Government&#8217;s Stake in Citigroup increases</title>
		<description><![CDATA[The US Government now has a 36% stake in the troubled Citigroup bank up from the previous 8%, the Treasury
announced earlier in March. The higher stake comes with more responsibilities as this will mean the US
Government will have a more powerful influence over the bank. However, the day-to-day operations and control
of the bank will still [...]]]></description>
		<link>http://www.presentit.se/citygroup/governments-stake-in-citigroup-increases</link>
			</item>
	<item>
		<title>Effects of Stocks on the British Inflation</title>
		<description><![CDATA[In Europe, the British stocks experienced a rise in february following the news on inflation that had also
caused the prices of food and fuel to go up. This has offset the deflationary effects of the economic crisis.
It was expected that consumer price index would drop as weaker demand would drive retailers to bring down
their prices [...]]]></description>
		<link>http://www.presentit.se/uncategorized/effects-of-stocks-on-the-british-inflation</link>
			</item>
	<item>
		<title>No Incentive for Banks</title>
		<description><![CDATA[Banks have noted that more than 90% of all homeowners currently are on their mortgages. While they argue
that their assets will ultimately perform, the discounted prices being offered by investors do not
thus reflect the real worth of these investments. In addition, recognizing the assets at a lower value may
leave them worse off than if they [...]]]></description>
		<link>http://www.presentit.se/uncategorized/no-incentive-for-banks</link>
			</item>
</channel>
</rss>

