Tag: bank

Bank of America Slashes 35,000 Jobs in 3 Years

Paul

This one hit me hard in the chest.  I must say this was a big surprise to me and others but it looks like Bank of America is going to cut 30,000 to 35, 000 Jobs in the next 3 Years.   I’ll will quote Huffinton Post:

NEW YORK — Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.

[Via Huffinton Post]

[ad#ad2-right]Now this one will affect the Whole US and some other International in the coming years. It is based on the Economic Stresses we are getting hit with right now. I am saddened and disturbed by how many people have loss there jobs. I have lost count as to how many people have losed their jobs over this economic downward spiral as Jason Calicanis once said. I can only hope that we can get up after this and fix what went wrong in the first place. I also know that it is quite hard to get hired in this day and age. So what is to become of the hard working men and women? Will the Government have to pay for housing for even more people? These are all questions we must answer soon in order to prevent a disastrous depression.

Citigroup bank might be saved through the recession.

Paul

According to reports from ABC News, Citibank is having a hard time and might need to be assisted by the government.

[ad#ad2-right]The company has seen its shares lose 60 percent of their value in the past week, reflecting a crisis of confidence among skittish investors. They are worried all the risky debt on Citigroup’s balance sheet will turn into losses as the economy worsens and the markets stay turbulent — losses that could be nearly impossible to reverse.


[via ABC News]

Although this is somewhat expected, I don’t think we can afford to pay the debt of a bank.  We are all having to deal with this recession.   I don’t know how they can afford to pay for Citigroup and expect this to help bolster the economy.   I guess only time will tell!!!

AVG Detected a False Positive

Paul3 Replies

[ad#ad2-left]According to Security and The Net:

An update for the AVG virus scanner released yesterday contained an incorrect virus signature, which led it to think user32.dll contained the Trojan Horses PSW.Banker4.APSA or Generic9TBN. AVG then recommended deleting this file; this causes the affected systems to either stop booting or go into a continuous reboot cycle. So far, the problem only appears to affect Windows XP, but there is no guarantee that other versions of Windows don’t have the same issue.

[Via Security and The Net]


[ad#ad2-right]I bring this up because this is a false positive according to AVG. AVG since sent out another update to there Database and you can go and update the database to get rid of this problem. If you need to restore that DLL check out the article Security and The Net, they got some excellent suggestions on fixing the problem.

If you’ve not been affected by this yet, you probably won’t be. It is yet unknown how many people have been affected. I’m blogging about this to tell people about this and to warn people that not all of warnings from AVG are true and that is why you should always ask before you delete or do anything to your system. I always USE google when it comes to these types of questions