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Santa Ana, CA (PRWEB) July 29, 2012
Today marks the first day of the Olympics, but the drama is already in full swing. Last Wednesday, Greek Olympian Voula Papachristou was expelled from her country's national team for a controversial tweet. Today, MSNBC reports that the International Olympics Committee actually published rules for athletes and the use of social media. According to the report, London 2012 has been dubbed the "social media games," and warned athletes to use extreme caution when tweeting or blogging. In the recent blog post, "Protect your Business from Social Media Blunders," The Business Finance Store discusses the significance of protecting businesses against careless use of social media.
With the current popularity of social media, netizens have unprecedented capabilities to reach millions of social media users with a single tweet. To read more about how businesses can safeguard against social media blunders, visit The Business Finance Store Blog.
The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.
The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes and put them on the path to success.
For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007, they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.
For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store website: http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.
HSBC to set aside £600m to cover mis-selling and money laundering scandals - Daily Telegraph
The provisions will dent HSBC’s reputation but have less effect on the bank’s first-half financial performance, which will be disclosed on Monday. Consensus estimates indicate the bank is in line to make a pre-tax profit of £12.6bn, up from £10.4bn in the first six months of last year.
HSBC has previously put aside £745m to pay PPI compensation claims. However, confirmation that it has made a £200m provision for interest rate swap mis-selling would be a first indication from the bank of its view on the potential costs of this latest scandal.
Last week, Barclays made a £450m provision for swap mis-selling. Barclays and HSBC, along with nine other banks, including Lloyds and Royal Bank of Scotland, last month agreed with the Financial Services Authority to compensate SME customers mis-sold swaps.
The FSA scheme followed a review by the regulator of the controversial products that was prompted by an investigation by The Telegraph that uncovered evidence of potential mis-selling.
RBS will announce its first half results on Friday and is currently not expected to make a provision for swap mis-selling. However, if HSBC makes an estimate of the cost, it will put pressure on the taxpayer-backed lender to give investors guidance on the issue.
Last week, RBS agreed a settlement with an Irish businessman who claimed the bank mis-sold him swaps that is understood to have cost it more than €30m (£25m). Derivatives experts think the bank could face the largest cost from the scandal and estimate any provision could be in excess of £500m.
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