An Accounting Error Leads Bank of America's shares drop

An accounting error leads Bank of America's shares drop

Bank of America reported a loss of $276m as a result of more than $6bn worth of legal expenses

Shares in US banking giant Bank of America dropped 6% after the bank announced a suspension of its capital plan due to an accounting error.

In a statement, the bank said the error had to do with how it calculated losses relating to its acquisition of investment bank Merrill Lynch in 2009.

Bank of America had announced plans to buy back £2.4bn of its shares and boost its dividend.

The US Central Bank said the bank would now have to suspend that plan.

Bank of America has 30 days to submit a corrected balance sheet, as well as a new capital plan, subject to approval of the US central bank, the Fed said in a statement.


Bank of America recently reported a $276m (£165m) loss as a result of more than $6bn in legal expenses it paid to settle allegations that it misled mortgage lenders Fannie Mae and Freddie Mac before the housing crisis in 2008, as well as for other mortgage-related matters.

Source: BBC Business News

May Day ! Only to show respect !! Or something more than this !!!

by Naimul Hasan Samrat

Today is May day. The workers day. This day is not for just showing respect to those people and remembering them who raised their voice to get their rights, In a word protest against In Humanity.


Some of them have lost their life in this situation but didn't went back home. That's happened not only for the greediness of the owners association but also for their poor mind and absent of Humanity also the worst outlook towards the hard working people.

In absence of Humanity it is common matter to occurs. Because if we look present situation this incident is not rare it is happening. So what is the benefits of celebrating the may day.

Every year this day have been celebrating From the revolution of "May Day " by declaring off one day work. But is it could brings any change in workers life and their fortune,No.? Still our workers are suffering. they are not getting what they should get. Still They r Suffering from the risk of loosing their life.They have establish the workers association but corruption is happening also there. The burning question is RANA PLAZA TRAGEDY. Because still people could not realize their responsibility.

AS a human being we should not forget the Humanity. Humanity is for Human being. This is our responsibility to look after the people around us specially the helpless and poor people. Ignoring this responsibility makes a man beast from human. If we can establish a society based on Humanity then it will be possible to live here with peace for all class of people. People have the rights to live their life by their own beliefs and Norms. But No One has the right to deprive one from his or her basic human needs and force him/her to do something. It is not fair, because Humanity Is For All.

What causes my skin to itch?

by Dr. Murad A Alam FRCS,PhD, MCPS!

Itching is an unpleasant sensation that compels a person to scratch the affected area. Mild to moderate itching is a common symptom but occasionally may be severe and frustrating. The medical name for itching is pruritus.

Itching can affect any area of the body. It can either be:

• generalised – where itching occurs over the whole body
• localised – where itching only occurs in a particular area

Sometimes, there is a rash or a spot where the itching occurs.

Common causes of itching:

Itching can be caused by a number of different conditions. For example:

• a skin condition, such as eczema
• an allergy or skin reaction
• a parasitic infestation, such as scabies
• insect bites and stings
• a fungal infection, such as athlete’s foot orthrush
• a systemic condition (one that affects the whole body), such as liver or kidney problems or an overactive thyroid gland
• hormonal changes during pregnancy or the menopause

Read more detailed information about possible causes of itching.

Things you can do:

In many cases, treating the underlying condition will ease the itching. However, there are things you can do to relieve itching, including:

• using a cold compress, such as a flannel
• applying calamine lotion to the affected area
• using unperfumed personal hygiene products
• bathing in cool water
• not wearing clothes that irritate your skin, such as wool or man-made fabrics 
• keeping skin moist

There are also medicines such as antihistamines and steroid creams that may help to relieve the symptoms of itching caused by certain skin conditions.

Read more about treatments to relieve itching.

When to see your GP:

Many cases of itching will get better over a short period of time. However, it is important to visit your GP if your itching is not improving or is affecting your quality of life.

You should see your GP if your itching is:

• severe
• lasts for a long time
• keeps coming back
• is associated with other symptoms, such as breathing problems, skin inflammation or jaundice

Also visit your GP as soon as possible if your entire body itches and there is no obvious cause. It could be a symptom of a more serious condition.

Your GP may carry out tests to determine the cause of the itching, such as:

• a skin scraping – the affected area of skin is scraped to obtain a sample, which can be analysed to help diagnose a skin condition
• a vaginal or penile swab if a yeast infection is suspected; a small plastic rod with a cotton ball on one end will be used to obtain the sample
• a blood test to see if the cause is an underlying disease, such as diabetes, thyroid or kidney disease
• a biopsy – the area is numbed and a tissue sample is removed for analysis

A LOT CAN HAPPEN OVER A PLATE OF BIRIANI !!!

. by Kazi Shahidul Ahmed

BANGALORE: It was that typical, old-fashioned arranged marriage. The bride had no clue about the groom until the wedding day. And last Sunday was D-day for this 20-year-old Bangalore bride. But that was until the bickering over biryani revealed the true colours of the groom and his folks. The bride too showed she was no doormat and called off the wedding. The incident showed how women's empowerment manifests

itself in the strangest of circumstances. This is how it played out at Shaadi Mahal on Tannery Road on Sunday. The wedding reception was under way, relatives were trickling in and inspecting the buffet. Suddenly a quarrel erupted over the biryani that was served. The groom's family took exception to the chicken biryani that was on the menu. They wanted mutton biryani and entered into an argument with the bride's family. As emotions ran high in Shaadi Mahal, a young voice spoke out loud and clear. It was the feisty bride, conveying her decision not to marry the man. "The wedding date was fixed about 20 days ago, I had not even seen him earlier. They hurried with the wedding as 'he' had to fly back to the Middle East at the earliest," the girl told TOI. It was not just the fight over biryani, she says. The alliance itself seemed a recipe for disaster, she says in hindsight. "My family also had doubts about his moral character and that set me thinking. Finally, the biryani episode settled it and I knew I would not have been happy in the relationship ." She recalled walking straight to the KG Halli police station to save herself from what she believed would have been an unhappy marriage. "My parents accompanied me and the police had promised this would not become public," she said, disappointed over a section of the media having taken her name. "I have been let down by the police and fear social stigma," she said. But that hasn't stopped the brave girl from moving on with life. "Right now, I have decided to go ahead with my studies and not think of marriage," she said. And thankfully, she has the support of her parents in this.

HSBC’s global headquarters, is up for sale!!!

Written By Sabuj Mia
JLL and GM Real Estate are advertising for HSBC tower to be sold .The HSBC’s Global HQ –HSBC tower was first sold to an Spanish Property Company “METROVACESA” for £1.1 billion when London’s House price was in boom. HSBC has taken over the Ownership back when financial difficulties hit the Spanish company Metrovacesa in 2008.



Canary Wharf London the Biggest HSBC Buildings

The Building has Again been sold to the World’s 3rd largest Pension Fund- The South Korean National Pension Fund(NPF). The JP Morgan Advised the NPF to free up its Fund for other opportunities across the Europe, by seeking to sell the HSBC Tower.



The HSBC has 13 years lease on the Buildings and annual rent reviews are only applicable if inflation is upward which means a good signal to the potential Investors seeking to hedge again inflation.

It was planned to relocate HSBC’s HQ to Hong Kong due to stricter EU restriction on Bankers’ Bonuses. But Last year HSBC ruled out to stay in the UK.