Businesses send shrewd employees, even their children, to school on their own account all the time.
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It is a conflict of interest which, outsiders argue, enables banks to make huge sums of money on their proprietary trading (dealing on their own account).
Huw van Steenis, an analyst at Morgan Stanley, says that since investment banks are now relying more on client businesses and less on trading on their own account, revenues have become more volatile.
The biggest mistake Citi and other banks made during the boom, he said, was coming to believe that investing and trading on their own account, rather than on behalf of their clients, was a basic aspect of banking.
Even some of the better-regarded ones indulge in all sorts of market abuses, such as lending money raised on the stockmarket to the parent company rather than investing it, or speculating in the stockmarket on their own account.
Broadly, though, all banks earn money through some combination of maturity transformation (borrowing short and lending long), taking credit risk (ie, lending to people who may not pay it back) and earning fees and punting on their own account in the capital markets.
Nearly all are small, local producers that make relatively little vodka on their own, but collectively account for millions of cases (some of it made legally, some of it not).
Offering employees a choice of placing their payroll taxes in their own retirement account reduces dependence on the state.
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Instagram announced a feature on Thursday called Photos of You that lets people tag their own images with the Instagram handles of friends or anyone with an account on Instagram.
For those users, he recommends a system like Facebook, on which multiple users can access the same account, to varying degrees of authority, with their own unique accounts and passwords.
The permits stolen from the Czech registry are thought to have been transferred to an account in Estonia - one of the first countries to shut their own registry on Wednesday.
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