The News Review:
- Enterprise risk management in insurance sector could improve in 2008 …
- European Banks Climb After HBOS Management Buys Stock (Update1)
- Botswana: Success Comes After Good Management – Saleshando
Enterprise risk management in insurance sector could improve in 2008 …
Forbes – Mar 25, 2008
‘The experiences of 2007 and early 2008 have shown that ERM is an important discipline that will continue to be key for the financial health of insurers,’ said the ratings agency in an article titled ‘ERM Development In The Insurance Sector Could Gain Strength In 2008′. It is against this backdrop that S&P will continue to enhance its evaluation of insurers’ ERM capabilities as a fundamental part of our credit analyses, it added. S&P completed 274 ERM evaluations in 2007. The results showed that most insurers had adequate ERM programs in 2007, the article said.
Related: Fall in insurance costs, crude rally lift ONGC
European Banks Climb After HBOS Management Buys Stock (Update1)
Bloomberg – Mar 25, 2008
's largest mortgage lender and JPMorganChase & Co. quadrupled its offer to rescue Bear Stearns Cos. HBOS climbed as much as 17 percent in London, the most ever. UBS AG, Europe's largest bank by assets, advanced 7 percent inZurich, and Commerzbank AG, Germany's second-biggest bank, added asmuch as 8 percent in Frankfurt, the most in almost two years. HBOS's stock was buoyed after it said executives bought sharesfollowing its steepest ever decline last week. HSBC Holdings Plc,Europe's largest bank by market value, rose 3.
Related: Other News in Brief: Fremont Closes $135M for Jersey City Condo…
Botswana: Success Comes After Good Management – Saleshando
AllAfrica.com – Mar 25, 2008
Speaking at a seminar themed: "Financial Solutions for Business Success" to an audience made up of business people from the northern part of Botswana, Saleshando lamented the fact that Batswana have got a tendency of wanting to be seen driving Mercedes Benzes within a short period after starting their business. "They want to show off that they are successful when in actual fact their businesses are doing poorly," she said. GA_googleFillSlot(“AllAfrica_Story_Inset”); Besides, Saleshando who lectured on the topic, "Cash Flow Management" at the half day seminar, there was also the small business guru from Kgwebo Management Consultancy, Palalani Moitlhobogi who presented on "Business Planning". Saleshando was suggesting that some people borrow money from the bank and divert some of it to their personal needs.