Here are 5 charts that will help you understand some of the key stories from this week Here are 5 charts that will help you understand some of the key stories from this week (1) Queen Elizabeth II, UK’s longest-serving monarch, dies Britain’s oldest reigning monarch, Queen Elizabeth II, died …
Read More »Insider Selling: CEO of First Western Financial, Inc. (NASDAQ: MYFW) Sells 1,953 Shares
First Western Financial, Inc. (NASDAQ: MYFW – Get a rating) CEO Scott C.Wylie sold 1,953 shares of First Western Financial in a trade dated Friday, September 9. The stock was sold at an average price of $26.68, for a total value of $52,106.04. As a result of the sale, the …
Read More »Ukraine’s surprise comeback could boost markets
European markets closed higher on Friday, as did markets in the Asia-Pacific region. The Dow (UNDUE) jumped more than 200 points in the United States and the major indexes appeared on track to end a three-week recession. Stock prices tend to rise on news of Ukrainian gains or improvement on …
Read More »Deere Stock Rating jumps; Can he run higher?
Deere & Co. (DE) has been using the advertising slogan “Nothing works like a Deere” for more than 40 years. It’s unclear if Deere’s stock is running right now or just moving forward. The iconic farm equipment manufacturer’s stock formed mug base with handle, one of the best designs for …
Read More »Stock futures fall after another day of losses amid soaring Treasury yields
Equity futures were slightly lower on Wednesday morning after major averages added weeks of losses amid a jump in bond yields. Dow Jones Industrial Average futures were 115 points lower. S&P 500 futures were down slightly by 0.37% and Nasdaq 100 futures were also down 0.31%. Shares added to their …
Read More »Two Mid-Cap Battery Stocks Outperform Markets; shares climb 6-9% in one day. Should I buy?
Amid a robust rally in markets on Monday, two battery stocks in the mid-cap basket outperformed benchmarks. These two stocks were Amara Raja Batteries and Exide Industries. Both gained between 6 and 9% in a single day. Meanwhile, the Sensex and Nifty 50 benchmarks climbed more than 0.7% on the …
Read More »The danger of over-collateralized lending to DeFi and the new type of Solo protocol lending
“If you don’t know what crypto leverage is, you don’t know anything about crypto, no matter what you think you know.” These are the words of Dr. Michael Burry, Founder of Scion Capital, once played by Christian Bale in The big short. The regular Cassandra (as her Twitter account puts …
Read More »African Export Import Bank: ACTIF2022 ends with a commitment to build a trade bridge for shared prosperity
Bridgetown, Barbados, September 03, 2022: The AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) successfully concluded in Bridgetown, Barbados with a commitment from participants to erase the scars of the past and build a trade bridge to forge a prosperous future for Africa and the Caribbean. In the communiqué presented at …
Read More »Ukrainian Zelenskiy warns Europe to prepare for winter energy crisis
Join now for FREE unlimited access to Reuters.com Register Zelenskiy: Russia plans ‘decisive energy blow for all Europeans’ Russia delayed the reopening of the pipeline, a blow for Europe IAEA says line down at Zaporizhzhia plant but backup works US Ambassador to Russia steps down KYIV, Sept 4 (Reuters) – …
Read More »Alvarez & Marsal Releases Saudi Arabia Q2 2022 Banking Pulse | Alvarez & Marsal | Management consulting
Return to profitability for Saudi banks with moderate growth of 2.7% Loans and advances (L&A) growth continued to outpace deposit growth Net interest margin (NIM) improved for the first time in the last four quarters, supported by higher benchmark rates Kingdom of Saudi Arabia – September 04, 2022 – Leading …
Read More »Why Devon Energy shares jumped 12% in August
What happened Shares of Devon Energy (DVN 3.20%) rebounded 12.4% in August, according to data provided by S&P Global Market Intelligence. Second-quarter results and news that it is buying more cash-generating oil assets fueled the oil producer’s gain. It continued on oil stocksof this year’s fierce rally, with stocks soaring …
Read More »ED attacks Razorpay, Cashfree, Paytm in Chinese instant loan app case and seizes Rs 17 crore
New Delhi: The Law Enforcement (ED) Directorate raided online payment gateways such as Razorpay, Cashfree, Paytm on Saturday as part of an ongoing investigation into the case of the chinese instant loan app. The raids are currently underway at six premises in Bangalore. The case is based on 18 FIR …
Read More »This is how China manages the yuan
Comment this story Comment It is not easy to monitor how the People’s Bank of China operates its “managed float” system for the foreign exchange market: the central bank has various tools, public and hidden. Some are more transparent, such as the daily reference rate; others are murky, such as …
Read More »Will the recent rises of the dollar end in a bullwhip? | Kenneth Rogoff
Jhe US dollar collapsed this summer. The Japanese yen and the euro fell to their lowest levels against the greenback in two decades; the euro, which had long been worth more than a dollar, is now approaching parity. The U.S. Federal Reserve’s trade-weighted broad dollar index has nearly recovered to …
Read More »1,859 mobile apps, mostly iOS, storing hard-coded credentials for AWS databases
According to research by Symantec, no less than 1,859 publicly available Android and iOS apps contain hard-coded AWS credentials. Unsafe mobile app development practices pave the way for such supply chain vulnerabilities. AWS access tokens are active in approximately 77% (1,431) of these 1,859 applications, giving hackers access to AWS …
Read More »Dow and S&P 500 close higher to end four-day losing streak and start September
The Dow Jones Industrial Average and S&P 500 ended the first day of September on a high note as traders eagerly awaited Friday’s jobs report. The Dow pared its losses from the start of the day, struggling with the flatline through the close and surging 145.99 points, or nearly 0.5%, …
Read More »Laredo police see rise in scam calls targeting student borrowers
LAREDO, TX. (KGNS) – The Laredo Police Department is seeing an increase in scam calls targeting people with student loans. Student loans can sometimes help you pay for college or build your credit, but email and phone scammers are willing to steal your personal information to make a quick buck. …
Read More »Dragonfly Financial Technologies Launches as Market Leader in Digital Banking Solutions for Businesses
Large commercial bank customer base in 11 countries with $6 trillion assets combined to benefit from a laser-like focus on API strategy, innovation and customer success ATLANTE, September 1, 2022 /PRNewswire/ — Dragonfly Financial Technologies Corp., a digital banking and cash management fintech, today announced that it has officially launched …
Read More »Exclusive: US regulators scrutinize Alibaba, audits of other Chinese companies – sources
Join now for FREE unlimited access to Reuters.com Register Alibaba notified of US audit inspection – sources Verification of audits of Chinese companies listed in the United States begins next month Follows landmark US-China audit agreement Alibaba shares fall nearly 3% HONG KONG, Aug 31 (Reuters) – U.S. regulators have …
Read More »Brokerages, gallery, lender and bank take place at 20 West 55th Street – Trade Observer
A brokerage, art gallery, investment bank and business loan provider took a total of 21,000 square feet to Skyline Real Estate Partners‘ 20 West 55th Streetlearned Commercial Observer. The largest of the four transactions comes from stock brokerage Auerbach-Graysonwho renewed his lease for 6,579 square feet on the entire fourth …
Read More »How to get payday loans online with instant approval and no credit check?
With loans without a credit check, borrowers can be allowed to obtain a personal loan without the usual credit checks. Banks and other traditional lenders frequently perform rigorous credit checks to assess a borrower’s creditworthiness. A thorough credit check includes reviewing borrowing and repayment history, defaults, late payments, and other …
Read More »Ukrainian adviser warns progress will be slow as southern counterattack begins | Ukraine
A senior presidential adviser has told Ukrainians not to expect quick gains, after his country launched a long-awaited counter-offensive aimed at retaking the southern province of Kherson from Russian forces. Ukrainian troops broke through Russian defenses in several frontline areas near the city of Kherson, said Oleksiy Arestovych, adviser to …
Read More »Mobile Banking Market 2022 | Industry Demand, Consumption Status, Revenue – Muleskinner
Quadintel has published a new report on the Mobile banking market. The research report contains detailed information about demand, growth, opportunities, challenges and restraints. Also, it provides an in-depth analysis of the structure and possibility of global and regional industries. In India, mobile banking has grown over the years with …
Read More »Instant loan app operators are accused of harassment and spreading a transformed image of a woman
Taloja Police have registered a case against loan collectors of an instant loan application for allegedly harassing a 40-year-old Navi Mumbai woman by circulating her transformed photographs to her husband, daughter and relatives to extract money despite repaying the loan amount. The victim is a resident of Taloja and works …
Read More »The week in detail: In and around the Reserve Bank, Ukraine and the Pacific Ocean
Every day of the week, The detail makes sense of big news. This week we explored the gilded halls of the Reserve Bank and the flak facing Governor Adrian Orr, how a sinking island in the Pacific goes about getting its people to safety, the disinformation peddler group seeking to …
Read More »State-owned versus private banks: the case of both in an RBI article
An article by Snehal S Herwadkar, Sonali Goel and Rishuka Bansal of the Reserve Bank of India (RBI) on “Privatization of Public Sector Banks: An Alternative Perspective” is seen as something it never claimed to be. The authors’ position was misinterpreted by the opposition (and part of the …
Read More »Bonus stocks: These 5 stocks to be traded ex-bonus next month. Details here
Free shares in September 2022: An equity investor does more than just gain appreciation from the share he holds in his portfolio. There are other sources of income for a stock investor which come from dividends, stock buybacks and free shares that a listed company announces from time to time. …
Read More »Central Bank plans to remove Tigray’s bad debts from its balance sheet | The journalist
Policy Bank’s NPL in Tigray reaches 10 billion birr The National Bank of Ethiopia (NBE) is considering removing non-performing loans (NPLs) of Tigray bankers from banks’ balance sheets. The bank is working with the Ethiopian Bankers Association (EBA) to identify projects and loans caught in the war in northern Ethiopia. …
Read More »How the Joy of Instant Loans Can Get Ugly
mini Loan sharks peaked in the aftermath of the Covid-19 pandemic, which ravaged businesses and put millions out of work around the world. They attack digital ecosystems by promising quick cash to those running from pillar to pillar for a new job or to earn quick cash to meet expenses. …
Read More »Macquarie bullish on banking sector: Picks HDFC Bank, ICICI Bank as preferred picks, says IndusInd Bank could be a ‘dark horse’ – check price targets
Although the market was volatile, the banking sector attracted investor interest. The Nifty PSU Bank and Private Bank indices have gained between 8 and 9% over the past month compared to the benchmarks, which are up around 6.5% each. Independently, PSU Bank has gained around 5% over the past week …
Read More »Borrowing of shareholders from the joint stock company and vice versa – Shareholders
To print this article, all you need to do is be registered or log in to Mondaq.com. Introduction According to the Turkish Commercial Code (“CCT”), some corporations are defined as corporations. Joint-stock companies are one such joint-stock company and fall under the “maintenance of share capital principle” of the TCC. …
Read More »CDB – ECSRC will bring crowdfunding to Eastern Caribbean MSMEs
(MENAFN-Caribbean News Global) BRIDGETOWN, Barbados – Building on the Caribbean Development Bank’s (CDB) focus on innovation and improving access to finance to drive growth and development, the regional financial institution has partnered with the Eastern Caribbean Securities Regulatory Commission (ECSRC) to develop a solution to improve the availability of financing …
Read More »August 24, 2022 Russia-Ukraine News
The threat of a nuclear disaster had been looming for months Russia six-month war in Ukraine. Those fears have been renewed in the past two weeks after increased bombardment around the massive Zaporizhzhia nuclear power plant, the largest in Europe, which has been under Russian control since March. Attacks on …
Read More »“Indian banks need to start operationalizing threat intelligence to improve security operations readiness”
🔊 Listen to this article Open banking, innovation and cloud technology are not synonymous but are very closely related. As open banking is about data, it creates an opportunity for banks to become data-driven businesses and provide personalized services in context for customers. To learn more about open banking and …
Read More »Who is eligible for student loan forgiveness?
Document with student loan waiver title. Getty Images/iStockphoto Student loan borrowers can finally get an answer on student loan forgiveness. President Biden is would have is expected to make an announcement on Wednesday, with many speculating it could be related to his student loan cancellation plan. “I’m looking at doing …
Read More »6 other banks were investigated for pricing abuse
An investigation has begun to dig deeper into allegations of currency abuse by six other commercial banks that fueled market volatility. Six teams from Bangladesh Bank (BB) have been dispatched to carry out further inspections against five private commercial banks (PCBs) and one foreign commercial bank (FCB) in this regard, …
Read More »Ukraine War: Russia Plans New Attacks on Civilian Infrastructure Ahead of Independence Day, US Warns | world news
Russia plans to launch new attacks on Ukraine’s civilian infrastructure and government facilities soon, a US intelligence official has warned. “Given Russiathe prize list of Ukrainewe are concerned about the continued threat Russian strikes pose to civilians and civilian infrastructure,” said the official, who spoke on condition of anonymity. The …
Read More »BoG warns public about 19 entities engaging in unlicensed lending services
The Bank of Ghana warns the public against unlicensed entities engaged in providing consumer loans in violation of the Banks and Specialized Depository Institutions Act 2016. According to the Central Bank, these illegal entities mainly use the use of mobile applications and social media in their activities. The 19 entities …
Read More »Stocks to watch: Paytm, Adani, TCS, SpiceJet, L&T, NHPC
Here is the list of the top 10 stocks that will be in the spotlight today One97 communications: Shareholders of One97 Communications, which operates under the Paytm brand, have approved the reappointment of Vijay Shekhar Sharma as Managing Director and Chief Executive Officer of the company, according to the scrutineer’s …
Read More »Bank behind Fintech’s rise to billions in pandemic’s wake
Comment this story Comment One of the fastest growing banks in the United States is on a mission to rewire the industry. It also touched a few nerves. Cross River Bank began turning heads in the financial arena soon after Congress began releasing $800 billion in emergency loans to help …
Read More »A global economy in growing danger
By PAUL WISEMAN and DAVID McHUGH, AP Business Writers MECKENHEIM, Germany (AP) — Martin Kopf needs natural gas to run the family business, Zinkpower GmbH, which rustproofs steel components in western Germany. Zinkpower’s facility outside Bonn uses gas to keep 600 tons of zinc worth 2.5 million euros ($2.5 million) …
Read More »Betting on clean energy instead of climate chaos
Congress passing the most ambitious climate bill in US history is cause for celebration, which some estimates can reduce the country’s emissions by as much as 40 percent. But even with this much-needed breakthrough, the United States, other countries and the private sector have delayed cutting emissions for so long …
Read More »NBS Bank launches payday loan from K30,000 – Malawi 24
Advertising NBS Bank has introduced a payday loan allowing customers to borrow at least K30,000 and up to 40% of their net salary without interest. The payday loan requirements are that users of the service must have a national ID, a payday account with NBS, and a clean CRB report. …
Read More »North Carolina State Treasurer Increases Donaldson Company, Inc. Stock Position (NYSE: DCI)
The North Carolina State Treasurer increased its stake in shares of Donaldson Company, Inc. (NYSE: DCI – Get Rating) by 1.6% in Q1, according to its latest 13F filing with the Securities and Exchange Commission. The fund held 45,501 shares of the industrial products company after buying an additional 723 …
Read More »ComBank revolutionizes Sri Lankan banking with ‘portable banking’ via Flash digital account – The Island
By Dr Roshan Rajadurai Inflation threatens all Sri Lankans as the price of food and other basic necessities continues to soar. At the center of this historic economic, political, social and humanitarian catastrophe are a series of deeply flawed and widely criticized policy decisions that have thrown the country’s agricultural …
Read More »US Treasury official to visit India amid tensions in Ukraine
WASHINGTON (AP) — A senior Treasury Department official is scheduled to make his first official trip to India next week since Russia’s invasion of Ukraine began. Amid tensions over India’s neutral stance on the invasion that began in late February, the United States wants the meetings to focus on how …
Read More »Peapack-Gladstone Financial Co. (NASDAQ:PGC) shares purchased by Russell Investments Group Ltd.
Russell Investments Group Ltd. raised its stake in the shares of Peapack-Gladstone Financial Co. (NASDAQ: PGC – Get a rating) by 17.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The company held 31,685 shares of the financial services provider after purchasing …
Read More »The Swiss National Bank increases its equity holdings in The Scotts Miracle-Gro Company (NYSE:SMG)
The Swiss National Bank raised its position in shares of The Scotts Miracle-Gro Company (NYSE:SMG – Get Rating) by 6.2% in the 1st quarter, according to the company in its latest communication to the Securities & Exchange Commission. The company held 97,800 shares of the basic materials company after buying …
Read More »Principal Financial Group Inc. buys 11,472 shares of KeyCorp (NYSE: KEY)
Principal Financial Group Inc. raised its position in shares of KeyCorp (NYSE:KEY – Get Rating) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund held 1,154,411 shares of the financial services provider after acquiring an additional …
Read More »Ukraine has been telegraphing its big counter-offensive for months. So where is he?
But even with billions of dollars worth of weapons from across Europe and North America now in Ukrainian hands, real questions remain about whether it’s enough and what it might look like. Some of these weapons, such as the American-made high-mobility artillery rocket system, enabled Ukraine to beat Russian positions …
Read More »Credit Suisse appoints former UBS executive to lead sustainability framework
The logo of Swiss bank Credit Suisse is seen at a branch in Bern, Switzerland October 28, 2020. Picture taken October 28, 2020. REUTERS/Arnd Wiegmann Join now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – Credit Suisse (CSGN.S) has appointed James Purcell to lead the sustainability framework, …
Read More »Stocks to watch: ONGC, LIC, HDFC Bank, Reliance Infra, Godrej Industries
Here is the list of the top 10 stocks that will be in the spotlight today CGSB: ONGC announced on Friday a tripling of its net profit in the June quarter as it won record prices before the government imposed a tax on windfall profits resulting from a global increase …
Read More »Teen comedian remanded for hacking commercial bank
Aug. 15 (THEWILL) – A 19-year-old Lagos-based comedian, Eyinatayo Iluyomade, has landed in jail for pranking a branch of First Bank Plc in Ondo with a written notice of an impending robbery attack. Iluyomade was charged by police with three counts bordering on conspiracy, threatening and manner likely to pose …
Read More »Live Updates: Russia’s War in Ukraine
Shops bombed in Siversk, eastern Ukraine. (Nic Robertson/CNN) There are many observations to be made about Ukraine. But on a recent road trip, one stands out – just how vast the country is. Three weeks of driving from south to east in this sprawling country through frontline villages, towns, past …
Read More »Let customers free themselves from the tyranny of banks
Branch managers came out of their glass cubicles and the seller’s market turned into a buyer’s market. But, there is no end to customer harassment TopicsBanks | customers | Banking sector As we celebrate the 75th anniversary of independence, let’s take a look at how the banking …
Read More »With a 1-year CAGR of 469%, this multibagger stock sets a record dividend date
With a market valuation of ₹257.40 crore, Shreeji Translogistics Ltd. is a small capitalization company that operates in the logistics sector. The company is one of the leading providers of comprehensive domestic logistics solutions in India. The company offers a wide range of logistics services, including bond trucking and import-export …
Read More »Shanghai Commercial & Savings Bank: Board of Directors Approves Capital Increase by Issuance of Common Shares
Statement 1.Date of the board of directors resolution:2022/08/13 2.Source of capital increase funds:Through issuance of common shares. 3.Whether to adopt shelf registration (Yes, please state issuance period/No): No. 4.Total monetary value of the issuance and number of shares issued (shares issued not including those distributed to employees if consisting in …
Read More »Ukraine estimates significantly higher number of Russian casualties in Crimea explosions
Buyers in Moscow. Russia’s economy has proven more resilient to sanctions than some economists initially expected, but experts are now predicting a slowdown.Credit…Yuri Kochetkov/EPA, via Shutterstock Russia’s economy contracted sharply in the second quarter as the country felt the brunt of the economic fallout from its war in Ukraine, in …
Read More »Banker of the Week: Kasper Knokgaard, Partner, EQT
The Insider’s Banker of the Week series appears in our weekday newsletter, 10 Things on Wall Street. This week, we’re spotlighting Kasper Knokgaard, who just closed an investment for EQT in entertainment company United Talent Agency. This is Knokgaard’s second investment in the film industry, following the acquisition of Cast …
Read More »Hang Seng late for Thursday support
(RTTNews) – Hong Kong’s stock market has fallen in three consecutive sessions, dropping nearly 600 points or 3% along the way. The Hang Seng is now just above the 19,600 plateau, although bargain hunting is likely to be in order on Thursday. Global forecasts for Asian markets are optimistic thanks …
Read More »Commonwealth Equity Services LLC holds a $2.33 million position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)
Commonwealth Equity Services LLC reduced its stake in the shares of Sandy Spring Bancorp, Inc. (NASDAQ: SASR – Get a rating) by 3.5% in Q1, according to its most recent 13F filing with the Securities and Exchange Commission. The company held 51,804 shares of the bank after selling 1,874 shares …
Read More »Nasdaq drops for third straight day as chip stocks weigh on market
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, August 8, 2022. andrew kelly | Reuters Shares fell on Tuesday as investors navigated a series of disappointing corporate reports ahead of a key inflation reading. The S&P 500 fell 0.6%, while the Nasdaq Composite …
Read More »US bank helps car dealerships provide instant financing
American bank can now provide loan funds to auto dealerships immediately after the bank finalizes a loan agreement, according to a Tuesday, August 9 Press release. The bank has helped more than 800 car dealerships receive funds in real time following a pilot program in June. US Bank said in …
Read More »Bank of London leases 40 KSF in Charlotte – Commercial Property Executive
The office is expected to accommodate up to 350 employees by 2026. Charlotte, North Carolina Image courtesy of User 1778011 via Pixabay.com The Bank of London will locate its U.S. headquarters for the platform and global services at One Independence Center in Charlotte, North Carolina. The bank leased 40,000 square …
Read More »NRI investors’ growing interest in India: Rahul Malhotra of Bank Julius Baer
“India’s wealth management market is becoming highly competitive with digital disruption and the growing need for personalized client engagement” TopicsJulius Baer | Wealth Management | INR The wealth management space in India is very competitive and yet the Swiss bank Julius Baer does not hesitate to raise the …
Read More »Mumbai police take accused fraud loan application on remand | Bhubaneswar News
Bhubaneswar: Three men, who were arrested by the Economic Crimes Wing (EOW) of the state’s crime branch for executing questionable loan applications in collusion with some Chinese nationals and deceiving several people in Odisha , were remanded in custody by the Mumbai Police for questioning. Mumbai police have taken Nitin …
Read More »NuZee Sets Price for Underwritten Public Offering of $3.4 Million Common Stock
PLANO, TX, August 7, 2022 /PRNewswire/ — NuZee, Inc. (NASDAQ: NUZE), a leading U.S. producer and co-packer of single-serve coffee formats, today announced pricing for its underwritten public offering of 4,200,000 ordinary shares at a public offering price of $0.82 per share, resulting in expected gross proceeds for NuZee of …
Read More »Does RBI policy need the attention it is getting?
On Friday, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) raised the repo rate by 50 basis points to 5.4%. The repo rate is the interest rate at which the RBI lends to commercial banks. One basis point equals 0.01%. With this, the repo rate is …
Read More »US banks tout fossil fuels after Republican ESG backlash
In recent years, Wall Street companies have attempted to assert their commitment to the environment and social justice. Now they sing a different tune. Major US banks such as Goldman Sachs and JPMorgan Chase are among a group of global financial services companies that tout their business relationships with oil …
Read More »ICICI Bank, PNB and Bank of Baroda raise lending rates after RBI rate hike
Following a 50 basis point rate hike by the Reserve Bank of India (RBI), private lender ICICI Bank and state-owned companies Punjab National Bank and Bank of Baroda raised lending rates. On Friday, the RBI’s monetary policy committee raised the repo rate to 5.40% from 4.90%, taking the benchmark …
Read More »The AZEK Company Inc. (NYSE: AZEK) Shares held by Victory Capital Management Inc.
Victory Capital Management Inc. raised its position in shares of The AZEK Company Inc. (NYSE: AZEK – Get Rating) by 21.0% in the first quarter, HoldingsChannel.com reports. The company held 860,995 shares of the company after purchasing an additional 149,616 shares during the period. Victory Capital Management Inc.’s holdings in …
Read More »Van Hollen, Brown and colleagues call US bank for opening fake accounts
August 04, 2022 Today, U.S. Sen. Chris Van Hollen (D-Md.) joined Sen. Sherrod Brown (D-Ohio), chairman of the Senate Banking, Housing, and Urban Affairs Committee, and other members of the Banking Committee and Housing, Senators Elizabeth Warren (D-Mass.), Catherine Cortez Masto (D-Nev.) and Robert Menendez (DN.J.) in a letter to …
Read More »Latest news on the Russian-Ukrainian war: live updates
Ukrainian soldiers line the front line trenches near Barvinkove in eastern Ukraine on Monday.Credit…David Guttenfelder for The New York Times DRUZHKIVKA, Ukraine — Long-standing Ukrainian defense strongholds in the east have come under intense attack in recent days, according to the Ukrainian military and Western military analysts. The fact that …
Read More »Deutsche Bank partners with Traydstream
German Bank has partnered with traydstream to automate document verification for their Trade Finance products. Partnership with Traydstream aims to enhance the bank’s ongoing efforts to digitize and automate its document commerce business, increasing controls, ensuring scalability for growth and ultimately improving the business experience clients in the area of …
Read More »Thai business group maintains GDP outlook despite inflation risk
GDP growth forecast for 2022 maintained at 2.75%-3.5% sees 2022 exports up 6% to 8%; foreign tourists at 7-8 million Expects c.bank to hike rates next week BANGKOK, Aug 3 (Reuters) – Thailand’s economy is expected to grow another 2.75% to 3.5% this year, helped by rising exports, rising tourist …
Read More »Inflation in South Korea accelerates to 6.3%
PRICE PRESSURES: The Bank of Korea is expected to raise rates by at least 25 basis points this month as consumer prices rose 6.3% in June Inflation in South Korea accelerated further last month, underscoring the need for the central bank to continue raising interest rates in an attempt to …
Read More »Kathy C. Thompson sells 5,403 shares of Stock Yards Bancorp, Inc. (NASDAQ: SYBT)
Stock Yards Bancorp, Inc. (NASDAQ: SYBT – Get a rating) Executive Vice President Kathy C. Thompson sold 5,403 shares in a trade dated Friday, July 29. The stock was sold at an average price of $69.00, for a total transaction of $372,807.00. Following the transaction, the executive vice president now …
Read More »Live update: UK manufacturing falls to lowest level since June 2020
This week, the Conservative leadership race caravan is moving from parliament to members across the country. Ballots are expected to land on the doormats of 150,000 Conservative Party members in the coming days, while runners-up Liz Truss and Rishi Sunak face off in another televised debate on Sky News on …
Read More »What is the Hong Kong Dollar Peg and Why It Matters
Comment this story Comment Anchored to the US dollar since 1983, the Hong Kong dollar is generally a dull currency. Except when it’s not, like this year. When the US Federal Reserve began raising interest rates in March to combat historically high inflation, outflows from the Hong Kong dollar market …
Read More »Zelensky warns of a disastrous harvest in Ukraine as the world faces a food crisis
Volodymyr Zelensky has warned that Ukraine’s harvest could be cut in half by Russia’s invasion in a move that threatens to trigger a global food crisis. Ukraine’s president warned of a catastrophic impact on this year’s harvest in “Europe’s breadbasket”, but insisted the country was finding a way to deliver …
Read More »Akbank TAS (OTCMKTS:AKBTY) is trading down 4.3%
Akbank TAS (OTCMKTS: AKBTY – Get a rating) the stock price fell 4.3% on Friday. The company traded as low as $1.01 and last traded at $1.01. About 1,901 shares changed hands during trading, down 93% from the average daily volume of 27,559 shares. The stock previously closed at $1.05. …
Read More »Parliament approves $1.3 billion cocoa syndicated loan for 2022/2023 season
Parliament on Thursday approved a syndicated cocoa loan of $1.3 billion to finance the procurement of cocoa for the 2022/2023 crop year by the Ghana Cocoa Board (COCOBOD). The asset-backed trade finance facility is between COCOBOD and a consortium of banks and financial institutions, with the Government of Ghana as …
Read More »Mastermind in China Organizes Sextortion Racket Under Pretense of Loan Application | Nagpur News
NAGPUR: A gang of advanced hackers, with their brain in chinaoperates an application sextortion racket under the guise of offering instant loans. After pocketing more than Rs50 lakh by threatening more than 500 victims over the past few months, two of the gang members – Kaif Ibrahim Sayyed (25) and …
Read More »Eli Lilly and Company (NYSE:LLY) Major Shareholder Sells $29,776,095.30 in Shares
Eli Lilly and Company (NYSE:LLY – Get Rating) largest shareholder, Lilly Endowment Inc, sold 89,458 shares of the company in a trade on Thursday, July 28. The shares were sold at an average price of $332.85, for a total transaction of $29,776,095.30. Following the completion of the sale, the insider …
Read More »China launches pilot program to strengthen retirement planning
Elderly residents take part in an art class at the day care center of a citizen service station in Shanghai, Aug. 30, 2020. [Photo by Zhu Xingxin/chinadaily.com.cn] China will launch a pilot program encouraging personal deposits for retirement planning in five cities to further enrich the supply of financial products …
Read More »Inflation reaches a record 8.9% in 19 countries using the euro
BRUSSELS (AP) – Inflation in European countries using the euro hit a new high in July, pushed by rising energy prices partly driven by Russia’s war in Ukrainebut the economy still managed weak growth. Annual inflation in the 19 euro zone countries reached 8.9% in July, against 8.6% in June, …
Read More »FTSE 100 subdued as Fed relief fades, earns mixed bag
The offices of the London Stock Exchange Group are seen in the City of London, Britain December 29, 2017. REUTERS/Toby Melville Join now for FREE unlimited access to Reuters.com Register Barclays plunges after shortfall, banks down CMC Markets tumbles on cost warning FTSE 100 flat, FTSE 250 adds 1.1% July …
Read More »After Crypto, Instant Loan Apps Angle Emerges in B.Tech Student’s Alleged Suicide
The latest revelations about the mysterious disappearance of Nishank Rathore, a 20-year-old BTech student from Madhya Pradesh, suggests the youngster was going through mental stress as he was unable to repay lenders. The police investigation revealed that Rathore had taken out several small loans from friends and instant loan apps, …
Read More »Did you run out of vaccine stocks? My best biotech stock to buy and keep
Coronavirus vaccine stocks have been among the best performers in the market for the past two years. Novavax soared 2,700% in 2020 on optimism about its COVID-19 program. Modern (ARNM -1.79%) increased by 1,200% and BioNTech gained more than 600% between the start of 2020 and the end of last …
Read More »First Internet Bank Adds New Senior Business Development Officer to SBA Lending Team
First Internet Bank today announced the addition of Paul DePasquale to its Small Business Administration (SBA) lending team as Vice President, Senior Business Development Officer. This decision further demonstrates the Bank’s commitment to small businesses nationwide. “We are thrilled to welcome Paul to our growing SBA lending team,” said Mark …
Read More »Mozambique: African Development Fund approves additional $5.6 million grant to strengthen food security and resilience – Mozambique
The African Development Fund Board has approved a $5.6 million grant in additional funding for the Idai and Kenneth Emergency Post-Cyclone Recovery and Resilience Program in Mozambique. This additional financing under the Bank’s African Emergency Food Production Facility aims to strengthen the resilience of Mozambican food systems in response to …
Read More »Banks and UPI platforms rush to improve cybersecurity
New Delhi: Many private sector banks and UPI platforms in the country engaged in mobile banking are looking to upgrade their cyber security systems, thanks to the exponential increase in digital banking services over the past two years and the rapid adoption of cloud technologies amid the pandemic. “Private banks …
Read More »Thinking of taking out a loan via an app? Your data could be at risk
| Updated: Tuesday, July 26, 2022, 12:47 PM [IST] Nowadays, all it takes is a few clicks to take out a loan during a financial crisis. A plethora of apps now offer instant one-click loans. Although loan dispersal has become much easier these days, it also comes with some very …
Read More »Stocks to watch: Tech Mahindra, Axis Bank, Tata Steel, GlaxoSmithKline
Here is the list of the top 10 stocks that will be in the spotlight today Tech Mahindra: IT services company Tech Mahindra on Monday reported consolidated net profit of ₹1,132 crore for the quarter ended June 30, 2022, compared to ₹1,353.20 crores in the corresponding period last year, registering …
Read More »Digital banks and the promise of greater inclusion
Last week, the federal think tank NITI Aayog published a report on digital banks, proposing a model for their licensing in India. He said India already has a technology stack to facilitate digital banking. What will these new banks be used for and are we ready for them? Mint explains. …
Read More »Russo-Ukrainian War: List of Key Events, Day 152 | Russo-Ukrainian War
As the Russo-Ukrainian War enters its 152nd day, we take a look at the major developments. Here are the key events so far on Monday, July 25. Get the latest updates here. Struggle The Ukrainian military reported that Russian forces were leading the way for an assault on the town …
Read More »UBS and Credit Suisse eclipsed by smaller rival
The Swiss private bank fell from last year’s record highs. This week’s results from Julius Baer, UBS, Credit Suisse and Vontobel may confirm future trends. In a presentation in May, Julius Baer leads Philip Rickenbacher, warned that the bank was leaking customer assets. His comment reinforced doubts about the profound …
Read More »Despite raising awareness and measures to reduce the threat, loan app scams are on the rise in Bangalore
Lack of Due Diligence by Digital Service Providers Only Leads to Rise in Loan App Scams in Bangalore Lack of Due Diligence by Digital Service Providers Only Leads to Rise in Loan App Scams in Bangalore A 37-year-old businesswoman from Yelahanka recently contacted the North East Cybercrime Police to report …
Read More »2022 multibagger stock to trade tomorrow ex-bonus: check if you own
So far in 2022, a few dime and small-cap stocks have generated multibagger gains on a year-to-date (YTD) basis. Since the start of first-quarter corporate results, various corporate activities have also occurred that stock market watchers should be aware of. When it comes to multibagger returns and corporate activities like …
Read More »Apartment development in Providence sparks opposition in College Hill
PROVIDENCE — Critics are concerned about a proposal to raze two College Hill homes and erect a five-story apartment complex in their place, citing objections to the height of the building and the residents it might attract . The development, proposed by Walter Bronhard and Brook Holding LLC, would mean …
Read More »Russia-Ukraine: Breaking News – The New York Times
The grain terminal at the Port of Odessa on Saturday. A Ukrainian official said Russian strikes caused 10 explosions in Odessa and strikes on the port caused a fire.Credit…Daniel Berehulak for The New York Times ODESA, Ukraine – A series of explosions rocked the southern Ukrainian city of Odessa on …
Read More »Money transfer company NALA arrives in Kenya and opens a local office
Lender Equity Bank Kenya has announced a partnership with NALA Payments Limited. NALA is a remittance processing platform licensed in the UK and the US, and it facilitates diaspora remittances to Kenya. According to a statement from Equity, the collaboration will allow Kenyans living in the UK and US to …
Read More »Multibagger stock board sets record date for final dividend
In the metals industry, Lloyds Metals & Energy Ltd. is a mid-cap company with a market capitalization of Rs. 6,192.72 crores. Mining, power generation and sponge iron manufacturing are all businesses carried out by Lloyds Metals & Energy. The record date for dividend purposes was announced today by the Company’s …
Read More »Chinese Loan App Steals Over Rs. 10 Crores in Latest Online Scam! Know everything here
In a shocking incident, police have arrested four people in connection with a Chinese loan application racket that stole more than Rs. 10 Cr from victims by threatening and abusing them. Know how this online scam worked. Lending scammers rely heavily on digital infrastructure to spread crimes and defraud victims …
Read More »Higher opening expected for Hong Kong stock market
(RTTNews) – The Hong Kong stock market has alternated between positive and negative results over the past four trading days since ending a five-day losing streak in which it fell nearly 1,450 points. or 7%. The Hang Seng index is now just below the plateau of 20,575 points, although it …
Read More »European Central Bank joins global push for higher rates
FRANKFURT – The European Central Bank will join the US Federal Reserve and other major central banks on Thursday in raising interest rates. The only question is how much – and whether – the rush to make credit more expensive will push Europe and other major economies into recession at …
Read More »Zharta Raises $4.3M to Accelerate Growth of Instant NFT Loans
DeFi company Zharta has secured seed funding from leading Web3 VCs and strategic investors to accelerate its growth to meet customer demand and launch into the market. Zhartathe creator of a lending protocol for instant NFT secured loans, closed a seed round of $4 million in new capital to fuel …
Read More »3 stocks that are good investments for inflation
Unbridled inflation has pushed up the prices of goods – from groceries to gas and other household items – taking a large chunk out of consumers’ monthly budgets. In the United States, annual consumer prices jumped 9.1% in June, the largest increase in more than four decades. However, inflation is …
Read More »Emefiele boasts, “eNaira is a disadvantage for banks”
Central Bank Governor Godwin Emfiele has pointed out that eNaira is a disadvantage for commercial banks, especially when depositors transfer money from their bank accounts to their eNaira wallets. Godwin Emefiele mentioned this during the Q&A session at the end of the Monetary Policy Statement on Tuesday, July 19, 2022, …
Read More »Ukrainian resident pleads guilty for his role in a sophisticated international scheme to steal money from US bank accounts | takeover bid
A US citizen who previously resided in Ukraine has pleaded guilty to conspiracy to commit bank fraud. According to court documents, Harold Sobel, 69, was a member of an international criminal enterprise that illegally debited money from the bank accounts of ignorant American victims. Members of the criminal enterprise set …
Read More »North American robotics jobs see private banking hiring boom
North America extended its dominance for bot hiring among private banking firms in the three months to May. The number of positions in North America accounted for 35.2% of total robotics employment, compared to 30.3% in the same quarter last year. This was followed by Asia-Pacific, which saw a 2.7 …
Read More »Natural gas stocks beat oil names. Here’s why.
Text size Unlike oil, natural gas does not have a cartel to stabilize prices, so they are likely to remain volatile. Joe Raedle/Getty Images) Oil prices traded lower for most of July, with U.S.-traded crude futures dropping below $100 a barrel before rebounding to $102 on Monday. The crisis has …
Read More »Major U.S. banks see loan growth slow as outlook for demand and economy darkens
NEW YORK, July 18 (Reuters) – U.S. bank executives expressed optimism about loan growth as demand for consumer and corporate borrowing rebounded in the second quarter from pandemic lows, but warned that demand could weaken later this year if the deteriorating economic outlook begins to hurt consumer confidence. Analysts and …
Read More »Government draws up plan to strengthen PSU banks’ boards and hold directors accountable
The Center can replace the existing clauses relating to the appointment of the Board of Directors Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement …
Read More »Barron stock spotlight: Spirit Airlines, Rivian, UnitedHealth and this genomics company
Benzinga reviews this weekend’s top stories on Barron’s, for more on the latest market news, Benzinga Pro offers a 24/7 news feed, live chat and software of cartography. “10 Places Where the Housing Market Tide Has Turned,” by Shaina Mishkin, notes that U.S. homebuyers are feeling rushed as mortgage rates …
Read More »Putin’s Defense Minister Sergei Shoigu orders ‘shock and awe’ attacks on Ukraine
Russian Defense Minister Sergei Shoigu today gave the order to dramatically increase so-called shock and fear attacks against Ukraine. He claimed that Kremlin forces should “rule out the possibility of the Kyiv regime inflicting massive rocket and artillery strikes on civilian infrastructure and residents of Donbass and other regions,” according …
Read More »Should you invest in the Nifty Private Bank ETF to gain exposure to the banking sector?
The modest recovery in credit growth, improving asset quality trends, lower credit costs across all sectors and improving loan growth contributed to the performance of the banking sector which recorded further earnings growth in Q4FY22. Chintan Haria, Head of Product Development and Strategy, ICICI Prudential AMC, said: “Higher rates, relatively …
Read More »False loan application case: another defendant arrested
Bhubaneshwar: The economic crimes wing arrested one person in connection with the bogus loan application case. The accused was identified as Nitin Mallik. Mallik was arrested within the confines of Harinagar Police in New Delhi. It has been reserved under Sections 294/384/420/467/468/471/120-B of the IPC and …
Read More »Robeco Institutional Asset Management BV reduces its equity holdings in Moelis & Company (NYSE:MC)
Robeco Institutional Asset Management BV reduced its position in shares of Moelis & Company (NYSE: MC – Get Rating) by 81.9% in the 1st quarter, reports Holdings Channel.com. The company held 39,214 shares of the asset manager after selling 177,111 shares during the period. Robeco Institutional Asset Management BV’s holdings …
Read More »DBS NAMED ‘BEST SME BANK IN THE WORLD’ BY EUROMONEY FOR THE SECOND TIME
Also wins three awards for the first time at Euromoney’s Awards for Excellence 2022 – World’s Best ‘Financial Innovation of the year’,’from Asia Best Bank for Wealth Management” and “Best Bank for hong kong‘, dethroning the 21-year-old longtime winner SINGAPORE, July 15, 2022 /PRNewswire/ — DBS has once again been …
Read More »