Risk vs. Rewards: A case of Mr. Shah’s very bad judgment!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Financial Times, Citigroup’s head of high-yield bond trading for Europe, the Middle East, and Africa has been suspended for routinely not paying for food in the company‚Äôs cafeteria. Questions: How much was the trader routinely making at Citigroup? Why was Mr. Shah such an important trader for Citigroup? Who was the other… Read more »

Google checking accounts

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, Google plans to add checking accounts from Citigroup and a credit union to its Google Pay digital wallet in 2020. Questions: What is Google Pay? Who is Google currently working with to push its finance arena? How many banks already offer transactions via Google Pay in the U.S.? Source: Anderson,… Read more »