VPBank registered to supply forex services

The Governor of the State Bank of Vietnam (SBV) issued Document No. 10359/NHNN-TTGSNH on December 30, to assert that the Vietnam Joint-Stock Commercial Bank for private Enterprises (VPBank) has registered to provide forex services.

Accordingly, the Document asserts that VPBank has registered to conduct foreign exchange services in overseas market.

SBV requires VPBank to strictly comply with the Vietnamese regulatory framework on forex management and other relevant legal documents.

House prices rise 0.9% in November

House prices rose for the sixth month in succession in November, taking the average house price in the UK to almost the same level as a year ago.

Official Land Registry figures put the monthly rise at 0.9 per cent, to £161,554. That is 0.3 per cent below the average price of £162,023 in November last year.

The highest monthly rise was in Wales, where prices jumped by 2.9 per cent in November, today's figures show.

In London, which has led the recent house price recovery, prices were up by 2 per cent and are now 3.5 per cent higher than 12 months ago, at an average of £324,231.

The South East, the South West, London and the East are the four regions to experience overall annual price rises in the 12 months to November.

The West Midlands was the only region in which prices fell last month, recording a decrease of 0.4 per cent.

Dollar slips against euro

The dollar dipped against the euro on Tuesday in subdued trade, with many players away for year-end holidays and before publication of fresh US economic data, dealers said.

AFP/File – A sheet of one dollar bills. The dollar dipped against the euro on Tuesday in subdued trade, with many …

In London morning deals, the single currency rose to 1.4430 dollars from 1.4376 dollars in New York late on Monday, with traders winding down ahead of New Year festivities.

Against the Japanese currency on Tuesday, the greenback was unchanged at 91.62 yen.

Markets were looking ahead to the next batch of US indicators due later in the day, including the Conference Board's December consumer confidence index and data on housing prices, analysts said.

Spyker optimistic on bid for Saab: report

Dutch auto maker Spyker is optimistic about its chances of buying General Motors' Swedish unit Saab and expects a response from GM this week, the Swedish newspaper Svenska Dagbladet reported Tuesday.

"We expect an answer this week ... I am very optimistic," Spyker chief executive Victor Muller told the paper.
The paper last week said GM would not consider a renewed bid for Saab from Spyker and was planning to shut down the troubled Swedish brand.

AFP/File – Dutch auto maker Spyker is optimistic about its chances of buying General Motors' Swedish unit Saab …

Spyker renewed its offer on December 20, two days after General Motors said it wanted to close down Saab.
Swedish press reports have said GM agreed to re-open negotiations on the sale of Saab to Spyker after the withdrawal of two of Spyker's Russian investors.

Car showrooms are reborn as places to play, learn

COLUMBUS, Ohio – With hard times in the auto industry and car dealerships closing around the country, the gleaming showrooms that once featured next year's models are becoming this year's new store, restaurant, school, day care center or yoga studio.

AP – In this Oct. 6, 2009 photo, Sean Donovan displays a painting that shows how the private residence building …

In Lane County, Ore., Joe Softich from Catholic Community Services helps erect shelves and unload boxes for a new food bank warehouse inside a former auto showroom. In Tulsa, Okla., teenagers at Northside Christian Church skateboard in what was once a showroom's auto service center.

Westoba Credit Union Selects Acumen From Fiserv For Core Banking

To improve efficiency through automation for delivering products and services

Westoba Credit Union has selected Acumen account processing solution from Fiserv Solutions of Canada, a subsidiary of Fiserv. Westoba also added two other products from Fiserv to its Acumen solution investment, the ConvergeIT IVR audio response system and solutions from the Wisdom accounting suite.

Westoba officials wanted a technology partner with expertise and reliable resources necessary to deliver products and services. Designed to support the business initiatives of credit unions, Acumen was built from the ground up as a completely open platform using the latest internet technologies. Acumen is available throughout Canada in an in-house, service bureau or resource management deployment model.

Wayne McLeod, CEO of Westoba, said: "Throughout the process we were impressed by the commitment of Fiserv, their knowledge of the credit union industry and capacity to develop a new, modern core banking system like Acumen. Our credit union is growing rapidly and our members demand modern services and continuous access to their accounts. Acumen will empower us to move our organization forward with innovative services for our members, as well as enable us to increase efficiency through automation and support us as we grow."

ICICI Bank Sells PoS Terminal Network To First Data

To cut down transaction costs ICICI Bank has agreed to sell 81% stake in ICICI Merchant Services to US-based First Data Corporation (FDC) for $90m, reported the Economic Times. The India-based bank is said to have recently hived off its network of electronic point of sales (PoS) terminals, which accepts credit and debit card payments, to ICICI Merchant Services.
Reportedly, Reserve Bank of India, the Indian financial regulator, has approved the deal. According to banking sources, the deal value has gone up after RBI has said recently that it would allow merchant establishments to swipe customer cards and offer them cash.

State Regulators Support Proposed Changes To Truth-in-Lending Regulation

Dec 23 - National organizations representing state financial regulators have registered their general support of the Federal Reserve Board's proposed changes to Regulation Z.

In a comment letter sent Dec. 18, the Conference of State Bank Supervisors (CSBS), joined the American Association of Residential Mortgage Regulators and the National Association of Consumer Credit Administrators, to weigh in on proposed changes dealing with closed-end mortgage transactions and HELOC (home equity line of credit) transactions.

Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions

Dec 22 - The federal bank regulatory agencies has announced the annual adjustment to the asset-size thresholds used to define "small bank," "small savings association," "intermediate small bank," and "intermediate small savings association" under the Community Reinvestment Act regulations. The annual adjustments for banks are required by the 2005 CRA regulatory amendments and for savings associations by the OTS 2007 CRA regulatory amendments.

Annual adjustments to these asset-size thresholds are based on the year-to-year change in the average of the Consumer Price Index for Urban Wage Earners and Clerical Workers, not seasonally adjusted, for each 12-month period ending in November, with rounding to the nearest million.

U.S. Monthly House Price Index Shows 0.6% Increase from September to October

Dec 22 - U.S. house prices rose 0.6 percent on a seasonally adjusted basis from September to October, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.0 percent change in September was revised to a 0.4 percent decline. For the 12 months ending in October, U.S. prices fell 1.9 percent. The U.S. index is 10.8 percent below its April 2007 peak.

The FHFA monthly index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. For the nine Census Divisions, seasonally adjusted monthly price changes from September to October ranged from - 1.1 percent in the South Atlantic Division to + 3.7 percent in the Pacific Division.

Annual Notice of Asset-Size Exemption Threshold for Depository Institutions

Dec 22 - The Federal Reserve Board has published its annual notice of the asset-size exemption threshold for depository institutions under Regulation C, which implements the Home Mortgage Disclosure Act. The asset-size exemption for depository institutions will remain $39 million based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers for the twelve-month period ending in November 2009. As a result, depository institutions with assets of $39 million or less as of December 31, 2009, are exempt from collecting data in 2010. An institution's exemption from collecting data in 2010 does not affect its responsibility to report the data it was required to collect in 2009.

The adjustment is effective January 1, 2010.

MPs ask OFT to investigate credit application scoring

The Treasury Select Committee has been considering the impact of the banking crisis on the consumer and has issued a report on the availability of consumer credit.

The study focuses on the dangers of shopping around for unsecured credit (such as personal loans and credit cards) which can result in would-be borrowers building up a credit application search record that can make it harder to obtain loans in the future.

According to the report, application search scoring has in the past been useful in detecting fraud or a potential inability to pay.

Six charged in Cheshire BS mortgage fraud

A complaint from the Cheshire Building Society (now part of Nationwide) has resulted in six people being charged with offences in relation to commercial mortgage frauds amounting to almost £50 million.
The defendants are due to appear before Southwark Crown Court in January.
According to the Serious Fraud Office: “It is alleged that the defendants participated in a series of frauds whereby they dishonestly obtained loans from banks or building societies … on the basis of … grossly inflated prices, fraudulent valuations and forged leases”.
The borrowers quickly defaulted and the lenders suffered “significant” losses.
Five people have been charged with offences of conspiracy to obtain a money transfer by deception and dishonestly obtaining a money transfer.

Goldman Sachs looks to Spain on bonus tax

Goldman Sachs could move up to one fifth of its 5,000 London-based staff to Spain, the Independent has reported.

The bank, which according to the newspaper is the UK’s biggest contributor of revenue in the financial sector, is in a stand-off with the Treasury over the temporary bonus tax announced in the recent pre-Budget report.

Last week, Barclays’ chief executive, John Varley, warned that the temporary levy of 50% on individual discretionary bonuses of over £25,000 could damage the City.

Kaupthing investigated by SFO

The Serious Fraud Office (SFO) has launched an investigation into the UK activities of Kaupthing, the Icelandic bank that collapsed in October 2008.

Enquiries will centre on the bank’s Kaupthing Edge brand, which held money from over 30,000 individual British savers and organisations, and whether savers were misled into making deposits into accounts that promised high-yields.

Lyondell creditors seek to expand examiner's probe

NEW YORK: Creditors of bankrupt Lyondell Chemical Co asked a US judge on Wednesday to expand an investigation by a court-appointed examiner to

Gang of Five behind LyondellBasell bid RIL's LyondellBasell bid RIL Stock

ensure the petrochemicals company is fairly evaluating proposals from potential suitors.

Lyondell's official committee of unsecured creditors said the examiner should ensure that potential bidders like Reliance Industries have a chance to compete against a reorganization plan offered by a group of the company's senior creditors, which includes current owner Access Industries and private investment

firms Ares Management and Apollo Management LP.

Reliance Industries has offered up to $12 billion to acquire Lyondell, according to sources.
Lyondell's unsecured creditors said in court papers they believe Reliance's offer is superior to the one proposed by Access, Ares and Apollo.

State Street To Acquire Securities Services Business Of Intesa Sanpaolo For EUR1.28bn

To strengthen its presence in high-growth markets outside of the US

State Street, a provider of financial services to institutional investors, has signed an acquisition agreement with Italy-based Intesa Sanpaolo, to acquire its Securities Services (ISPSS) business, with operations in Italy and Luxembourg, for approximately EUR1.28bn in cash at closing.

State Street would acquire the global custody, depository banking, correspondent banking and fund administration portions of the ISPSS business. In addition, assuming the cash balances in the business are consistent with levels at June 30, 2009, State Street expects to acquire approximately EUR11bn in cash deposits at closing.

Santander Zero “Best European Credit Card”

Santander Zero has been named “Best European Credit Card” in the Service Category at the 2009 Oscards.
The awards, which recognise innovation and excellence within the credit card industry, attracted 500 entrants – 64 of which were short-listed across five categories.
Director of Santander Cards, Emma Roberts, said: “In such a tough category, with entries from across Europe and under the scrutiny of our industry peers, it is a great achievement that Zero continues to lead the way.”

Japan keeps rates at 0.1%

The Bank of Japan’s Policy Board has unanimously elected to retain the country’s interest rate at 0.1%.
Domestic and overseas policy changes have helped improve Japan’s economic situation, though it is by no means out of the woods.
Exports, production and private consumption are all getting better and the financial environmentis showing some signs of beginning to improve.
The Bank of Japan has recognised that it is a substantial challenge for the country to see off deflation and return to sustainable growth, but has stated that it will do all it can to encourage this happening.
Earlier this month the Bank of England retained rates at the historic low of 0.5%, a move matched by the European Central Bank which held the eurozone rate at 1%.
An exception to the holding of rates by central banks is Australia, where the Reserve Bank has increased rates by 25 basis points for three months on the trot, with the rate now standing at 3.75%.

Deutsche Borse Unveils Trading With Exchange Traded Notes On Xetra

First two ETNs were issued by Barclays Capital under brand name iPath

Deutsche Borse has expanded its product range on Xetra, by allowing investors to invest in exchange traded notes (ETNs). ETNs are debt securities based on the performance of underlying reference indices. Unlike exchange traded commodities (ETCs), which have been tradable with Deutsche Borse since 2006, ETNs are based on indices outside the commodities sector.
The first two ETNs were issued by Barclays Capital under the brand name iPath. They track the volatility indices S&P 500 VIX short term futures index TR and S&P 500 VIX mid-term futures index TR and enable investors to participate in the development of the implied volatility of the S&P 500 index.
The S&P 500 index comprises the 500 major companies in the US, which are weighted in the index according to their market capitalization. The launch of iPath ETNs on Xetra marks the first time they have been tradable in Europe.
Additionally, parallel to the start of ETN trading on Xetra, Deutsche Borse is combining the ETC and ETN asset classes into the new product class exchange traded products (ETPs). Deutsche Borse’s ETF and ETP product range currently comprises 543 ETFs, 141 ETCs and 2 ETNs.
Rainer Riess, managing director of Xetra market development at Deutsche Borse, said: “We are happy to be able to offer investors another product innovation in cooperation with Barclays Capital. The new iPath ETNs enable investors to make cost-efficient investments in a new asset class as well as further diversify their portfolios.”
Uwe Becker, head of investor solutions in Europe at Barclays Capital, said: “The iPath VIX products demonstrate the characteristics which are vital for the success of any benchmark instrument. They are straightforward to understand, transparent and through our ETN platform, are easy to access for a broad range of investors to trade. They have removed the need for investors to trade volatility through variance swaps or futures.”

LSE To Acquire Majority Stake In Turquoise

To compete with Euro-next and Deutsche Borse

London Stock Exchange (LSE) is on the verge of acquiring 60% stake in rival equities trading platform Turquoise and make up to GBP25mn in investment over two years, reported the Financial Times.
Reportedly, taking advantage of reforms by the European Commission in 2007, which allowed competition between share trading platforms across the region, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, Societe Generale and UBS have established Turquoise lat year to pressurise the LSE to reduce its fees or improve services.
However, due to the global financial crisis, European share trading volumes have been pushed down even as indices have been buoyant. As a result, the banks, with their balance sheets bruised, no longer want to fund Turquoise, reported the newspaper.
Turquoise consists of two types of trading platforms, the 'lit' order book and the 'dark pool'. Acquiring the “lit” pan-European order book of Turquoise is expected to enable the London borse to compete with Euro-next on continental Europe, and with Deutsche Borse.

Banks fear foreign currency capital shortage

Commercial banks are concerned at slow foreign currency capital mobilization while demand for capital is increasing towards the year end.

Unlike the second quarter of the year, when banks could not persuade clients to borrow dollars instead of VND because they had abundant dollars to lend, they are now facing difficulties in attracting dollar deposits.

Banks have all have raised deposit interest rates to attract more capital in foreign currencies. SeABank, for example, has raised interest rates for dollar and euro deposits, now offering the interest rate of 3.7 percent per annum at its highest for dollars and 2 percent per annum for euro deposits

Maritime Bank has also announced sharp interest rate increases of 0.3-0.5 percent per annum for fixed term deposits. Its one month term deposit interest rate is 2.35 percent per annum, which means an increase of 0.3 percent, while 36-month term deposits now have the interest rate of 0.5 percept per annum, now offered at 4.5 percent per annum.

World Bank Provides Additional Resources to Upgrade Rural Roads in Nepal

Washington DC, December 17, 2009 – The World Bank today approved US$ 45 million in additional financing to help scale up Nepal’s efforts at improving the rural road network.

The Rural Access Improvement and Decentralization Project (RAIDP) has been upgrading rural roads in 20[1] of Nepal’s 75 districts since 2005, when the World Bank provided a US$ 32 million grant.  The Government of Nepal and participating District Development Committees (DDCs) have provided about US$ 10 million.  The Swiss Agency for Development and Cooperation (SDC) has also provided US$ 2.1 million for the Trail Bridges component of the project.

With the new financing, the project will expand its operations to 10 more districts[2].  The additional funds will also help meet cost escalations that have occurred on account of the doubling of input prices since 2005.  For example, the cost of reinforcement bars and cement increased by an average of 130 percent between 2005 and 2007.  Costs also increased following an upgrade in technical specification, i.e., moving from gravel to low cost black-top roads.

World Bank Assists Rehabilitation in Northern Sri Lanka

Washington, December 17, 2009 - The World Bank today approved a US$77 million package for Sri Lanka, designed to support the return of 100,000 Internally Displaced Persons (IDPs) to their places of origin in the Northern Province and to restore their livelihoods destroyed by three decades of civil war. The Bank will also support rehabilitation of provincial roads in Eastern, Northern and southern Uva provinces through a US$105 million credit for a Provincial Roads Project.

Sri Lanka’s internal conflict has ravaged the country since the early 1980s and has stunted the country’s development, particularly in the Northern and Eastern Provinces. Most aspects of life suffered: people were displaced, institutions were weakened, and infrastructure was damaged. With the end of armed confrontations in May 2009, Sri Lanka is now facing a historic opportunity for development and reconciliation.

“The challenges of reconciliation and reconstruction are daunting,” said Naoko Ishii, World Bank Country Director for Sri Lanka.  “The approval of this response package by the World Bank’s Board of Directors demonstrates that development partners recognize the challenges that the country is facing and want to help. We trust the interventions initiated by the World Bank-supported projects in the North will build a good foundation for rehabilitation and reconstruction and provide a strong platform for the Government to welcome other development agencies as they too come forward to assist Sri Lanka at this critical juncture.” 

Will your Blogging Idea Make you Money Today?

It is no longer enough just to have a great idea for a blogging web site. It can and will be hard to tell the difference between yours and all the other blogging sites on the web today. The secret is to find your own specialization, and roll with it. No matter if you are starting out, or improving your current blogging site, if you wish to grab a hold of and maintain a grip on the blogging community, you must use your own special appeal to your advantage.

This still leaves plenty to do though. Simply finding your specialty is only the beginning. You must be able to fill a unique need with it, if you wish to develop a lasting relationship with internet bloggers and surfers.

Morgan Stanley hires Investment Management president

Morgan Stanley has announced the appointment of Gregory J. Fleming as the new president of Morgan Stanley Investment Management, starting in February next year.
Earlier in his career he worked for investment bank Merrill Lynch as chief operating officer and president, and is presently a senior research scholar and lecturer in law at Yale Law School.
Fleming will also gain responsibility for Global Research and a seat on the Operating Committee.
He will report directly to James P. Gorman, the incoming chief executive officer and president of Morgan Stanley, effective from January 2010.
Gorman has expressed his delight at Fleming’s addition to Morgan Stanley’s leadership and stated his own respect for Fleming’s skills and ability to attract and retain world-class talent.

Untaxed offshore savers face 200% penalty

The Chancellor of the Exchequer is raising the penalty for offshore bank account holders who haven’t come clean with HM Revenue & Customs to 200% of tax owed (currently 100%).
In his pre-Budget report, Alistair Darling declared: “I am determined to tackle activities, such as avoidance and evasion, which undermine tax receipts.”
He also confirmed that since April, HMRC has asked for details of at least 100,000 offshore accounts held at over 300 financial institutions.
The new deterrent will come into force once the current “Disclosure Opportunity” ends in January.
The opportunity currently allows offshore account holder to settle up any outstanding tax, plus interest, plus a penalty of 10% of tax owed.
For those making a disclosure on paper, the Revenue expects to receive any unpaid tax by 31st January 2010 and for those revealing all online, the deadline is 12th March.
The first such amnesty took place in 2007, when £450 million was raised by targeting offshore accounts provided by High Street banks.
Around 45,000 people paid their dues but the outcome was generally thought to have been disappointing.
The largest single payment under the scheme was £3 million and the average was £9,000.

AdSense Tips from Google AdSense Specialists

Google AdSense can be a powerful money maker for you if you like it and believe on it. For a new web publisher or blogger, Google AdSense can be the easiest ways for them to start generating revenue from their sites. This is a motivation to them and will give them a taste of making money online.

If AdSense is a money making program that works for you, then I'm sure you are always interested to learn how to improve your AdSense performance. A good way to learn how to use AdSense effectively is through the webinar run by the Google AdSense specialists and experts.

From time to time the the AdSense specialists and experts of Google run a series of webinar focusing on topics like AdSense optimization, increasing your AdSense revenue and taking advantages of new features. These are helpful webinars you can participate for free. Not just you'll learn the optimization techniques that will increase your AdSense revenue but also you can ask questions live to the AdSense specialists through instant messaging.

If you like to sign up for the series of AdSense webinar, here's the link to join:

AdSense Webinar Schedule

There are also previous AdSense webinars that have been recorded. You can watch them anytime.

LBBW announces loss for first nine months

Landesbank Baden-Württemberg (LBBW) has reported its financial results for the first three quarters of the year.
LBBW incurred a consolidated pre-tax loss of €462m, which is an improvement on the previous period which saw lossess exceed €1bn.
However, this does mark a decline from the pre-tax profits for the first two quarters of €215m.
A post-tax loss of €620m has been reported for the first nine months of the year.
The bank has stated that the recent economic recovery will aid its own situation, and that present results do include a number of extraordinary expense items such as restructuring costs.
Chairman Hans-Jörg Vetter has said that the firm is pursuing its restructuring process vigorously, and pointed out that the bank had enjoyed a positive trend in customer-driven business which helped boost operating income to €189m, (up hugely from -€967m in 2008).

Get the Top Selling Affiliate Marketing Course for Free

Last week I wrote about the $1 offer of Chris Carpenter's Google Cash Course, now you can get the course at no charge. Chris has just yesterday decided to give out his Google Cash Course totally free to fight the scam programs that used the similar name, 'Google Cash'.

The Google Cash Course was originally released by Chris Carpenter. Chris began by putting up his course for sale on Clickbank in year 2003. In just after the first week listing on Clickbank e-book marketplace, the Google Cash course turned out to be the best seller in the 'Money and Employment' category of Clickbank. The course then became the best seller for the next two years and people who are in affiliate marketing know the name of Chris Carpenter.

But in years 2008 and 2009, there are more and more scam programs showing up on the Internet using the similar name like Google Cash Kit, Google Cash Success Kit, Google Pro kit, and many more.

All these scam programs work the same way. They claim to offer a start-up kit that will guide you to start making good money with Google. Visitors who sign up for these kits will need to enter their credit card details and get charged a $2.95 (or a little more) shipping fee. The program will then send the kit to the visitors who signed up.

Chancellor considers windfall tax on City bonuses

The Chancellor of the Exchequer may impose a windfall tax on bankers whose bonuses exceed a certain level.
According to reports, Alistair Darling is considering a one-off levy, details of which could be announced in his pre-budget report on Wednesday.
Public outrage over bank bonuses has been heightened by last week’s revelation from the National Audit Office that taxpayer liabilities for UK banks amount to around £850 billion, and banks may yet face an annual levy that could be used to offset any future bail-outs.
Last week, Royal Bank of Scotland (RBS) directors threatened to resign when the Chancellor demanded a review of plans to pay bonuses totalling £1.5 billion to the group’s investment banking staff.
According to its legal advisors, the Board of the majority state-owned bank is duty bound to ensure the business is run profitably in the interests of all shareholders.
With RBS’s investment banking division on track to post profit of £6 billion in 2009, the directors argue that £1.5 billion in bonuses is needed to ensure that the best performing staff are retained.
However, the Treasury has claimed the right to intervene in the matter, in the interest of the taxpayers who have bailed out the bank.

RBS directors could quit over £1.5bn bonus pot

Royal Bank of Scotland (RBS) directors could resign if Chancellor of the Exchequer, Alistair Darling, demands they review plans to pay bonuses totalling £1.5 billion to the group’s investment banking staff.
According to its legal advisors, the Board of the majority state-owned bank is duty bound to ensure the business is run profitably in the interests of all shareholders.
With RBS’s investment banking division on track to post profit of £6 billion in 2009, the directors are arguing that £1.5 billion in bonuses is needed to ensure that the best performing staff are retained
However, the Treasury is claiming the right to intervene in the matter, in the interest of the taxpayers who have bailed out the bank.
Last year, RBS paid £900 million in bonuses to its investment banking staff.

Australia raises rates to 3.75%

The Board of the Reserve Bank of Australia has today chosen to increase the country’s interest rate by 25 basis points to 3.75%.
This is the third consecutive month that the Reserve Bank has added 25 basis points to interest rates.
Growth across the world will continue into 2010, the institution has forecast, but will be moderate in major economies which will still be dealing with the after-effects of the financial crisis.
China and the rest of Asia will do better than the rest of the world, as will Australia itself where the downturn was milder than in much of the developed world.
The Reserve Bank of Australia has, over the past few months, gradually decreased the monetary stimulus that was put into effect during the financial crisis and global recession, and may continue this into the future.

Income Elite is Live

Weeks ago, I wrote about the Clone Cash System created by Steve Peirce. If you have sign up for Clone Cash System, you know that Steve is giving good info about making money on the Internet.

In case you don't know what is Clone Cash System yet, it is a free step-by-step easy-to-follow video course that teaches you to start making money with affiliate marketing.

The Clone Cash System is just the small beginning part that Steve is teaching. Steve was actually started working with a team of experts a few month back to put up a new membership program.

Their membership program and site finally launched on yesterday. They named it Income Elite.

Income Elite definitely is not another regular membership site that only provides new information and content in monthly basis. Income Elite gives far more than that. It was designed not just to teach you start making money on the Internet, but also guide you to make a living online for long term.

Steve and his expert teams mates, Rob Wass, Dave Sharpe from Highprofits.com and other experts will work with you all the ways to achieving success on the Internet. Here's what the Income Elite team is offering in their massive membership program: