100 facts about life and business from a venture investor
Alexander Zhurba, Managing Director and Co-Founder of Genezis Capital Fund, formulated 100 facts that he learned by the age of 27 about life and business. Recommended reading, it's worth it.…

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How Mayans and Cherokee helped insurers
Insurance at first glance seems to be a serious form of economic relations, designed to protect people, their property and affairs from all sorts of dangers. However, if you dig…

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Cash makes us even poorer
Do you want, as the grandfather of the heroine of one joke, "so that there are no poor"? Take away their money. In particular, cash - coins and pieces of…

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been involved

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Credit treat for scams

Lending to individuals is growing faster than the corporate borrowing market. In April, the volume of money issued to Russians for personal needs increased by 3.8 percent compared to 2.4 in the field of lending to non-financial organizations and exceeded six trillion rubles. It is not surprising that such amounts attract all kinds of crooks who want to grab at least part of such a tidbit. How often do banks face retail lending fraud? What debt schemes attract the most attention of scammers?

A Bigness correspondent addressed these questions to several of the largest Russian financial institutions that are leading in the consumer lending market – Sberbank, VTB24, Home Credit … But everywhere he was either at a loss or refused to provide data on this issue. Or, as in Raiffeisen Bank, they stated that there were no cases of fraud in their practice, as the bank’s experts meticulously check all the documents provided by the borrowers.

Bankers’ secrecy is easy to understand. Fraud for any type of loan is a painful topic for bank employees. However, this secrecy indicates the urgency of the problem. Another confirmation of this is the adorning website of Home Credit Bank for calls to borrowers to be vigilant about possible scams. Continue reading

Private sector hides money offshore

From 21 to 32 trillion dollars are hiding from taxation in various regions of the world and bank accounts. In total, about 10 million people use offshore accounts to hide funds. These figures appear in a report by James Henry, a former economist at McKinsey & Co consulting company, prepared for the Tax Justice Network.

Of the total amount of $ 32 trillion, about half are for 100 thousand people. Tax fees of $ 32 trillion could amount to up to $ 280 billion annually. When evaluating tax evasion, James Henry only considered financial assets. Real estate, luxury goods, yachts, etc. were not taken into account, RBC reports citing an economist report.

According to the report, the official data of the IMF, the World Bank, the UN and the central banks of various countries of the world were used for calculations. “From an economic point of view, the private sector is a black hole,” the report concludes. In addition, it is emphasized that a global banking conglomerate, represented by such structures as HSBC, Citigroup, Bank of America, UBS, Credit Suisse, is involved in fund-raising operations. Continue reading

Do not count money – and you will be rich!

There are many magical rituals for money. But sometimes in everyday life we ​​perform the most ordinary, it would seem, actions that attract financial welfare or, on the contrary, make money flow away from us … How to behave properly so as not to be unprofitable? Century folk wisdom will help you with this!

In no case can you buy something with the last money, otherwise in the near future you will face monetary losses. Also, you can not leave an empty wallet – even if it contains at least one coin. If you need to buy a thing desperately, but there is not enough money, it is better to borrow the necessary amount from someone and do not spend the last … But the debt should be repaid quickly, otherwise the money will “run away”.

Money should be saved, but you should not constantly count it. This prevents accumulation. Set some specific day for “recounting” – say, salary day. And on other days, forget about this “ritual”. Just figure in your mind how much you get and spend. Be careful not to get confused – record income and expenses. Money came – write down how much came … You took a certain amount from the nest egg – put it in the “expense book” and write down there how much is left … So you can control your income and expenses. But, of course, it is necessary to exclude the situation when someone else will use the money, besides you. Or ask him to record everything too. And then you will be wondering why the “debit” with the “credit” did not fit … Continue reading

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Gold remains a reliable asset
The market of precious metals after the New Year surprises with its diversity. The search for fallback options for traders and investors leads to a natural increase in gold and…

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Cash makes us even poorer
Do you want, as the grandfather of the heroine of one joke, "so that there are no poor"? Take away their money. In particular, cash - coins and pieces of…

...

Cash makes us even poorer
Do you want, as the grandfather of the heroine of one joke, "so that there are no poor"? Take away their money. In particular, cash - coins and pieces of…

...

Forex Club: optimism leaves the markets
The US dollar has been trading in different directions over the past week due to the lack of significant macroeconomic events and statistical reports. The euro felt more confident in…

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