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Business Beat – Perry becomes YCDC’s new

By Dave Sjuts Emily Perry started last week as YCDC’s new Development Coordinator. Perry grew up in York and is excited to take on the role of Development Coordinator for YCDC. Having personally experienced all that York has to offer, such as a top-notch education system, many successful family programs, and endless opportunities for personal […]

Germany seeks more investment from Qatar...

Germany is seeking more investment from Qatar with which it has “trustful and multifaceted” relations, according to Dr. Julia Harrer, deputy head of mission at the German embassy.“Germany is looking forward to further investment from Qatar. We see a lot of potential for future cooperation,” she said at a ceremony that outlined the timeline for […]

What US hedge funds told Comyn about Aus...

He has seen firsthand the level of heat in the US economy, telling the story of a Central American food retailer who has seen wages rise 22% since 2019, amid what he described as a “much larger manifestation of a wage/price spiral” than in Australia. That’s part of the reason Comyn is still scratching its […]

VyStar mobile and online banking issues ...

News4JAX continues to hear from VyStar members who are frustrated, tired and tired of waiting for issues with their new online and mobile banking platform to be resolved. VyStar branches closed Monday for Memorial Day, but credit union ATMs were open. On the VyStar website, connection times aren’t hampered by long wait times like they […]

How Telangana attracted mega-investments...

“A hugely productive trip,” said a jolly Telangana Minister of Industries and Information Technology, KT Rama Rao (KTR), on his return from the World Economic Forum (WEF) summit in Davos, where the state has attracted investments worth over Rs 4,200 crore. Pitching Telangana as an investment destination at the WEF in the face of intense […]

ADCB Egypt selects Temenos for next gene...

Download logo ADCB-Egypt, a subsidiary of Abu Dhabi Commercial Bank Group – the third largest bank in the United Arab Emirates, has extended its collaboration with Temenos (SIX: TEMN) (www.Temenos.com) to offer next-generation digital payments on Temenos open composable banking platform. The bank will compose payment solutions to adopt new global standards such as ISO20022 […]

Iran’s banking system funds USD 2.5 bill

(MENAFN) Iran’s banking system financed 669.4 trillion rials (nearly $2.585 billion) of services to 1,362 knowledge-based companies in the past Iranian calendar year 1400 (ending March 20), to record a 108.2% increase over the year before 1399. As mentioned in reports by the Mehr news agency, Bank Mellat accounted for the largest holding of funded […]

Venture Capital Funds Redirected to Web ...

Leading the pack is Andreessen Horowitz (A16Z) who just announced two new funds – a massive $4.5 billion fund for Crypto and Blockchain businesses and Web3.0 startups New Delhi: As venture capital (VC) funds and mainstream investors are squeezing the flow of money to traditional startups due to multiple global macro conditions, they have now […]

IWOSAN Investments acquires Lagoon Hospi...

IWOSAN Investments Limited has announced the acquisition of Lagoon Hospitals Group, with its facilities around Lagos – Ikeja, Apapa, Victoria Island and Ikoyi. IWOSAN is a leading healthcare investment company dedicated to investing in the Nigerian healthcare market. The company was recently launched to transform and improve the healthcare landscape in Nigeria by investing in […]

Cathay Bank celebrates its 60th annivers...

LOS ANGELES–(BUSINESS WIRE)–This year marks the 60th anniversary of Cathay Bank. Founded in 1962 in Los Angeles’ Chinatown, the bank’s original purpose was to serve the growing and underserved Chinese-American community in Los Angeles. Cathay Bank became a publicly traded company, through its holding company Cathay General Bancorp, on the Nasdaq in 1990, and by […]

Global equity funds see first weekly inf...

(Reuters) – Global equity funds saw inflows in the week to May 25 as some investors rejoiced in the rebound in markets this week after stock markets fell sharply in the seven weeks previous ones. According to Refinitiv Lipper, investors bought $6.16 billion net in global equity funds, marking their first weekly net purchase since […]

How API Bank Will Disrupt Indian Banking...

The financial services ecosystem is currently experiencing a series of disruptions brought about by new era fintech players. Banks in India have opened up their application programming interfaces (APIs), allowing third parties to build on them, innovate and offer new products and services. This evolution has led to a transformation in the way financial products […]

Investments in local agriculture helped ...

Investing in local agriculture has made the world’s largest brewer more resilient to supply chain disruptions and climate change, a senior AB InBev executive said. “About five years ago, there was a fundamental shift in the way we think about security of supply and risk management,” Ezgi Barcenas, AB InBev’s chief sustainability officer, told Insider […]

Russia’s central bank lowers policy rate

Russia’s central bank cut its benchmark rate to 11% on Friday and said it saw room for further cuts this year as inflation slows from more than 20-year highs and the he economy is about to contract. She announced the move at a special meeting after cutting the policy rate to 14% in […]

Westpac to sell financial advisory busin...

A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray Join now for FREE unlimited access to Reuters.com Register May 26 (Reuters) – Westpac Banking Corp (WBC.AX) said on Thursday it would sell one of […]

Banking and finance: before, now and aft...

The banking system before the 20th century Although the banking system already existed in the 19th century state, the government did not have much control over it as most of them were privately owned. However, in the late 1800s, JP Morgan took control of the situation and became the figurehead among existing merchant banks. JP […]

XTM Files First Quarter 2022 Quarterly F...

MIAMI AND TORONTO–(BUSINESS WIRE)–XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech innovator broadcasting earned wages and providing access to tips for service workers in the hospitality and personal care space , announced the filing of its unaudited quarterly condensed consolidated Financial Statements and MD&A (“Management report”) […]

Buhari calls for closer collaboration to...

By Juliana Taiwo-Obalonye, ​​Abuja President Muhammadu Buhari on Tuesday called on leaders of West African banking institutions to forge closer collaboration to address the economic challenges facing the sub-region. According to a statement by the President’s Special Adviser on Media and Publicity, Femi Adesina, Buhari spoke during his audience with a delegation from the West […]

Funds managed and/or advised by Motilal ...

Previous story: AU Bank expands premium AU Royale program to employee and corporate segments Next story: “Transforming through Trust” – Ashraf Patel, India’s Only Female Social Innovator of the Year 2022, speaks on Youth Leadership at the 2022 World Economic Forum Annual Meeting – Davos Funds managed and/or advised by Motilal Oswal Private Equity are […]

Traditional banking is obsolete: this cr...

Photo: UC Berkeley co-founders and other alumni: Aaron Bai (CEO) and Sahil Phadnis (CTO) This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice. For a very long time, banks have been tasked with helping people save, spend and transfer money without competition, allowing […]

First day of trip to Davos, KTR brings o...

Posted: Posted Date – 8:57 PM, Mon – 23 May 22 Photo: Twitter Hyderabad: On the first day of the World Economic Forum (WEF) meetings in Davos, Industry Minister KT Rama Rao brought over Rs. 600 million in investments into Telangana. While LuLu Group has announced Rs. 500 crore investments in the food processing sector, […]

When does a company conduct business fra...

LUIS VILLASMIL-UNSPLASH We postulate that the offense sought to be punished under article 165 of the Revised Companies Code (RCC), namely “the exercise of its activities by fraud”, does not provide a definition nor the requirements for determining whether a crime has been committed. For example, it is unclear whether Section 165 only covers the […]

Creation of the Tk100cr fund for mobile ...

Bangladesh Bank has set up a Tk 100 crore refinance scheme titled “Digital Microfinance” for customers of Mobile Financial Service (MFS) providers. The decision was taken at the last meeting of the central bank’s board of directors. According to bKash, the largest MFS provider in the country had already started this business by signing an […]

Ask SCORE: Identity Theft Protection for...

QUESTION: Much has been written recently about identity theft and the hacking of individual email accounts. As a small business owner, should I be worried about my business being compromised by these cybercriminals? ANSWERS: You definitely need to be concerned and take many of the same steps people take to protect themselves. In fact, under […]

Qatari investments in Germany valued at ...

Doha: Amir H.H. Sheikh Tamim bin Hamad Al Thani’s visit to the Federal Republic of Germany will expand opportunities and open doors for further cooperation in trade and economic fields, which will have a positive impact on the services sectors. business in the two countries, said the President of Qatar said Sheikh Khalifa bin Jassim […]

Columbia Banking System (NASDAQ:COLB) St...

Colombian banking system (NASDAQ:COLB – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released Friday to clients and investors, Zacks.com reports. According to Zacks, “Columbia Banking System, Inc. is a registered bank holding company whose wholly-owned subsidiary, Columbia State Bank, is engaged […]

IVY FUND Form 497K

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. IVY FUND Delaware Ivy International Small Cap Fund(formerly Ivy International Small Cap Fund) (the “Fund”) Supplement to the Summary and Statutory Prospectus of the Fundeach dated January 28, 2022 On May 19, 2022, the Board of Trustees of Ivy Funds (the “Board”) […]

Global Investment Market Report 2022

ReportLinker Major companies in the investment market include Industrial and Commercial Bank of China, JPMorgan Chase & Co., Goldman Sachs, Legal & General Group plc, INTL Fcstone Inc, UBS, Morgan Stanley, CNP Assurances, Bank of America Corporation and Citi Group. New York, May 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Investments […]

How to Start a Business in Idaho 2022

ABOUT THE AUTHOR Billy Graham is a highly skilled writer/editor with over 8 years of experience working for content factories, direct clients and SEO marketing agencies. Has extensive expertise in creating unique copy, exceeding editorial goals and delivering first-class customer-focused service in producing results-driven content. Specialties include games, branded content, short to long writing, calls […]

China’s banking watchdog says it is inve

What’s new: The main banking regulator and the central bank of China pay close attention to the case of four village lenders in Henan province who stopped offering online banking services, preventing non-local customers from transferring funds from their accounts, a representative of the China Banking and Insurance Regulatory Commission said on Wednesday. (CBIRC). The […]

Klarna seeks new funding after valuation...

Klarna Bank AB is seeking to raise new money that could value the fintech giant at nearly a third less than the roughly $46 billion valuation it achieved just under a year ago , according to people familiar with the matter, an example of the struggles the technology faces. investment world. Klarna specializes in buy-it-now […]

AFRICAN EQUITY EMPOWERMENT INVESTMENTS L...

Renewal Of Cautionary Announcement: Transactional Banking Facilities AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED(Incorporated in the Republic of South Africa)Registration number 1996/006093/06Share code: AEEISIN: ZAE000195731(‘AEEI’ or ‘the Company’) RENEWAL OF CAUTIONARY ANNOUNCEMENT: TRANSACTIONAL BANKING FACILITIES Shareholders are referred to the cautionary announcement dated 16 February 2022, regarding theCompany’s current bankers, Nedbank Limited (“Nedbank”) giving the Company notice […]

ChoiceOne Bank opens renovated branch in...

ChoiceOne Bank hosted a grand reopening for its remodeled branch in Fremont. The Sparta-based bank held the grand reopening and dedication ceremony for the redone branch at 1423 W. Main St. in Fremont on Thursday, May 12. “As a local community bank, we recognized the need to provide our customers with more convenience, as well […]

Banks raise interest rates on deposits o...

VIETNAM, May 18 – A customer makes a deposit in a bank in Bình Dương province. HCM CITY – Many banks raised interest rates on deposits by 0.1 to 0.6 percentage points amid growing demand for funds. Last year, the average interest rates on six-month and 12-month bank deposits were 4.7% and 5.5%, down half […]

Wall Street up on bank profits and stron...

U.S. stocks surged on Tuesday, with Citigroup leading a rally in bank stocks after Berkshire Hathaway reported strong interest in the company, and robust retail sales in April allaying concerns about slowing growth. Ten of the 11 major S&P sectors gained ground, with financials and technology both up 2%. Microsoft Corp, Apple Inc, Tesla Inc […]

How to Track Your Mutual Fund Investment...

It’s easy to get overwhelmed by the overload of information freely available on the internet, so it’s important to know where to start. This is where a financial advisor plays a crucial role. They can accompany you on your investment journey to help you monitor your investment portfolio and, at the same time, offer you […]

Buffett-backed Nubank beats revenue esti...

Find out what clicks on FoxBusiness.com. Nubank reported an increase in revenue on Monday that beat expectations as the Warren Buffett-backed digital bank benefited from a healthy loan book and strong customer additions, pushing its shares up nearly 8% in deals extended. The fintech company has managed to avoid an increase in defaults in its […]

With $270m in new funding, Shankar Ramas...

Shankar Ramaswamy has no intention of repeating the Roivant playbook his brother started eight years ago. Instead, it wants to consolidate the gene therapy process and be the go-to store in a field that has walked a rocky road for many years. Amid a bear market, he and his 160-employee biotech landed a $270 million […]

Nigeria Bans Shell Banking

With the new Money Laundering (Prevention and Prohibition) Act signed by President Muhammadu Buhari, a citizen or foreigner can no longer make or accept payment in cash of an amount exceeding N5 million or its equivalent while a body corporate can no longer perform or pay the sum of N10 million or its equivalent. As […]

Global digital transformation spending w...

Global spending on digital transformation (DX) of business practices, products and organizations is expected to reach USD 1.8 trillion in 2022, a 17.6% increase from 2021. The DX priorities that will see the biggest investment in 2022 include back-office support and infrastructure, smart manufacturing, and digital supply chain optimization. Together, these three areas of investment […]

Co-op invests 372 million shillings in u...

Companies Co-op invests 372 million shillings in unit in South Sudan Monday, May 16, 2022 Co-operative Bank branch along Haile Selassie Avenue, Nairobi. FILE PHOTO | NMG By CONSTANT MUNDAMore from this author Summary Last year’s additional investment was made during a period when Co-op Bank South Sudan reduced its net loss to 484.4 million […]

Fintech startups manage to capture the l...

The startup ecosystem in Africa is currently thriving and this is especially true for financial technology or fintech. In 2021, Africa received $4.9 billion in funding and an estimated $300 million resides in undisclosed deals. 62% of this funding was captured by the fintech sector, followed by health and biotechnology, logistics, education, clean technologies, agriculture, […]

Report: Losses from strict cross-border ...

Overregulation slowed US job growth by 285,000 jobs between 2012 and 2018 McALLEN, Texas (border report) – The aggressive overregulation of cross-border banking regulations between the United States and Mexico costs billions of dollars in lost funds between the two countries and does little to stem the flow of illegal currency that is laundered each […]

Nigerian Markets Regulator Issues Crypto...

Nigeria’s market regulator has released a set of regulations for digital assets, signaling that Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use. Last year, Nigeria’s central bank banned banks and financial institutions from trading or facilitating transactions in digital currencies. […]

Global equity funds see massive outflows...

(Reuters) – Global equity funds saw a surge in outflows in the week to May 11 as fears of an economic slowdown and further tightening by major central banks to rein in stubborn inflation spooked investors. In a fifth straight week of net selling, investors sold $10.53 billion worth of global equity funds, compared to […]

Senate Banking Subcommittee Holds Hearin...

Last week, the Senate Banking Committee’s Subcommittee on Financial Institutions and Consumer Protection held a hearing entitled “Review of Overdraft Fees and Their Effects on Working Families.” A recording of the hearing is available here. Following opening statements from Subcommittee Chairman Raphael Warnock (D-GA) and Ranking Member Thom Tillis (R-NC), three witnesses testified and answered […]

JS Investments launches a microfinance f...

KARACHI: JS Investments, the oldest private sector asset management company in the country, has introduced a microfinance sector-specific income fund called JS Microfinance Sector Fund (JSMFSF), The News learned on Thursday. The fund’s initial public offering took place on May 11, 2022 and is available to invest by opening an account with JS Investments (online […]

CMA licenses three fund managers as Afri...

Capital markets CMA licenses three fund managers as African Alliance drops investment bank Friday, May 13, 2022 Wyckliffe Shamiah, CEO of the Capital Markets Authority (CMA), April 29, 2021. PHOTO | LUCY WANJIRU | NMG By Edna MwendaMore from this author Summary African Alliance Kenya Asset Managers Limited, CPF Financial Services Limited and Kuza Asset […]

Interswitch receives new funding from Le...

By Adedapo Adesanya In 2022, Twitter was the place to be for the most interesting, important and impactful Ramadan conversations, with over 47 million related Tweets recorded worldwide during the holy month. This represents a 31% year-over-year increase over last year, reflecting Twitter’s role as a place to find out what’s happening in real time. […]

BVNK recoups $40 million for its crypto ...

Starting Cryptocurrency BVNK (pronounced ‘bee-vee-en-kay’) closed a $40 million Series A funding round at a post-money valuation of $340 million. Interestingly, Tiger Global is leading the round despite grabbing headlines, as it suffered a $17 billion loss in this year’s tech stock sell-off. Other investors in today’s funding round include The Raba Partnership, Avenir, Kingsway […]

DocFox streamlines business account inte...

Bank chooses fintech to simplify account opening for business customers with end-to-end automation BOSTON, May 11, 2022 /PRNewswire/ — DocFox, the leading provider of automated business account opening solutions, today announced that InBank has chosen DocFox to automate account onboarding for its business customers. InBank chose DocFox to automate business account opening With locations throughout […]

Senate confirms Lisa Cook to Fed board

The Senate on Tuesday confirmed Lisa D. Cook to the Federal Reserve Board of Governors in a 51-50 vote, with Vice Chair Kamala Harris voting in favor of Ms. Cook. President Joe Biden nominated Ms Cook, a professor of economics and international relations at Michigan State University, in January and the Senate Banking Committee advanced […]

IDFC FIRST Bank pledges funds for social...

IDFC FIRST Bank has announced a commitment to contribute to social causes on behalf of every participant running the 10K in one hour race at TCS World 10K Bengaluru. The initiative aligns with the Bank’s philosophy of being a force for social good and the social inclusion theme of the 10K Bengaluru. TCS World 10K […]

EBRD-led consortium acquires Egyptian no...

Founded in 2015, GlobalCorp is an Egyptian non-bank lender specializing in leasing and factoring solutions for corporate and small, medium and large enterprises. The Company’s leased assets include production lines, equipment and machinery, vehicles and commercial/industrial real estate, while the factoring product portfolio covers a range of short-term financing solutions. Since its inception, GlobalCorp has […]

CION Investments, Man Group and iCapital...

NEW YORK, May 10, 2022–(BUSINESS WIRE)–CION Investments (CION), a leading manager and distributor of alternative investment solutions, and Man Group, a $151.4 billion active global asset manager1 in AUM, today announced their partnership with iCapital2the world’s leading fintech platform enabling alternative investment access and efficiency for the asset and wealth management industries. CION and Man […]

Business news, strategy, finance and bus...

There comes a time when we look back and think that a particular situation could have been handled differently. For Uday Kotak, his biggest mistake was believing what the Wall Street Journal and the Financial Times had to say about the 2008 global financial crisis. “I became very cautious. It made me feel like the […]

Are You Ready To Buy An Investment Prope...

When purchasing a home, numerous factors must be considered. Are you considering buying property to rent or use as a holiday home for others? It may be a stable revenue source. But how can you know whether you’re ready? You need to know everything before you apply for a loan for your first investment property […]

EU mulls more funds for eastern states a...

By Francesco Guarascio BRUSSELS (Reuters) – The European Commission is considering offering landlocked states in the European Union’s east more money to upgrade oil infrastructure to convince them to agree to an embargo on Russian oil, it said on Monday. an EU source told Reuters. The measures are part of a broader package of new […]

Are you interested in investment banking...

The best feeder schools for investment banking. A career in investment banking can be extremely rewarding. Including salary and bonus, the average compensation for first-year analysts in 2022 is the average $142,000. But landing a job in investment banking isn’t easy, and it takes more than solid grades, especially if you’re hoping to work for […]

First Bank boss seeks more oil and gas i...

By Amechi Ogbonna The Managing Director of First Bank of Nigeria Limited, Dr Adesola Adeduntan, at the weekend urged the Federal Government and the Nigerian private sector to take advantage of the growing demand for oil and gas products occasioned by the ongoing Russian-Ukrainian crisis to invest more in the oil and gas sector. Sun […]

CRB ratings freeze hurts personal loans,...

Capital markets CRB ratings freeze hurts personal loans, lenders say Monday 09 May 2022 Central Bank of Kenya. FILE PHOTO | NMG By ELIZABETH KIVUVAMore from this author Summary An estimated 99% of the 4.6 million loan accounts listed negatively with the CRBs will have their data frozen after the suspension. CRB data shows companies […]

Review of Surrey Bancorp (OTCMKTS:SRYB) ...

Surrey Bancorp (OTCMKTS: SRYB – Get a rating) and the Columbia Banking System (NASDAQ:COLB – Get a rating) are both finance companies, but which company is superior? We’ll compare the two companies based on the strength of their profitability, valuation, institutional ownership, dividends, analyst recommendations, risk and earnings. Dividends Surrey Bancorp pays an annual dividend […]

Young joins GOP colleagues in proposing ...

Federal funds would not be allowed to be used for the U.S. Department of Homeland Security’s (DHS) Disinformation Governance Council under legislation introduced this week by U.S. Sen. Todd Young (R-IN) and 18 others republicans. DHS focuses on disinformation that threatens the safety of the American people, including disinformation disseminated by foreign states such as […]

New scandal rocks mutual fund industry, ...

Express press service MUMBAI: In another shock to mutual fund investors, who have yet to fully recover from alleged improprieties by senior Franklin Templeton executives, Axis Mutual Fund on Friday suspended two fund managers for serious violations. According to sources, the two fund managers – Viresh Joshi and Deepak Agarwal – made unwarranted gains through […]

Bank of America, JPMorgan and Goldman co...

Diving brief: Goldman Sachs and JPMorgan Chase consider covering travel costs for employees seeking out-of-state abortions, Bloomberg reported Thursday, citing anonymous sources. Bank of America is also considering such a policy, CEO Brian Moynihan told CBS Wednesday, adding that his company will have a discussion on the “difficult question.” Internal discussions of abortion policies at […]

DMK’s One Year Rule: Investments Worth N

It was on May 7, 2021 that the DMK government came to power in Tamil Nadu even as the country was reeling from the Covid pandemic and its second wave. This did not deter the government led by MK Stalin from attracting investment into the state. In the past 12 months, 131 MoUs for an […]

Cholamandalam Investments Q4 PAT jumps 1...

Net profit of Cholamandalam Investment and Finance Company jumped 184% to Rs 689.58 crore in the fourth quarter of FY22 from 243.21 crore posted in the fourth quarter of FY21. Total revenue increased by 4.5% year-on-year (YoY) to Rs 2,631.75 crore in the quarter. Overall disbursements in Q4 FY22 were Rs 12,718 crore […]

ANALYSIS-Banks face reversal of fortunes...

Global banks are taking steps to weather the wider impact of war and runaway inflation as the flow of central bank money that has kept them afloat for more than a decade is cut off. But if policymakers hope banks will help stave off recession by turning on their lending taps, they could be disappointed, […]

fi: Neobank Fi makes foray into financia...

Bengaluru: Neo-banking platform Fi is making a foray into financial services, launching products such as mutual fund investing, peer-to-peer (P2P) investing and digital lending on its platform as well as other savings products. To start, the company will offer about 600 index funds and will increase the number in the future, the company said during […]

Cambridge Wilkinson Investment Banking c...

NEW YORK, May 5, 2022 /PRNewswire/ — Cambridge Wilkinson (“CW”) is pleased to announce the closing of a $25 million leveraged finance facility for a long-time credit fund client, arranged by our division Fund financing. Cambridge Wilkinson A CW credit investor closed a $25 million loan on a loan leverage facility set up through our […]

Super funds ready to lend to hotel inves...

Speaking as part of a roundtable of hotel owners at the conference, Dr Schwartz said he, “like many people”, was forced to seek financial capital outside of banks, “despite [his family] not miss a single mortgage payment in 50 years”. “In the midst of COVID-19, one of my banks said they wanted their money back, […]

The perfect culprit: crypto or the terro...

The Wall Street Journal featured a startling expose on Iran’s secret financial network used to circumvent US sanctions. Recent revelations about the Iranian regime have proven just how true this is. The clandestine network of trade and finance has allowed Iran to gain substantial leverage in talks with the United States, as the main tool […]

Positive earnings, banks push European s...

European stocks rose on Tuesday after a string of upbeat earnings, while bank stocks rose as government bond yields hit new highs in anticipation of faster interest rate hikes by global central banks to fight against soaring inflation. The pan-European STOXX 600 index climbed 0.6%, rebounding from a “flash crash” in the previous session caused […]

Dallas may require banks vying for city ...

Dallas officials are considering new rules that would require banks to show data and plans to meet the need for more loans and investments in underserved communities in order to do business with the city. Under the proposed “responsible banking” ordinance, financial institutions that hold or wish to hold Dallas taxpayers’ money would have to […]

Rebellious Digital Banking Pioneers Leve...

MIAMI BEACH, FL (Photo by Cliff Hawkins/Getty Images) Getty Images Mortgage rates in the United States are rising rapidly, but a Miami startup is racing to securitize home loans with cryptocurrency. No deposit is required. Milo, a Florida-based digital bank, is now using digital coins to secure hard assets. The larger plan is to bundle […]

Housing investment at risk as Build Back...

The path forward for the critical housing investments that Democrats sought to protect in the Build Back Better Act (BBB) ​​becomes murky, as uncertainty looms over the party’s chances of passing its partisan package despite the resistance of Sen. Joe Manchin (DW.Va.) . Democrats grabbed headlines last year after unveiling proposals for historic $300 billion […]

First Internet Bancorp Announces Termina...

FISHERMEN, Ind.–(BUSINESS WIRE)–First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), today announced that First Century Bancorp (“First Century”) has terminated the agreement and proposed merger between the two companies. Under the agreement, announced on November 2, 2021, completion of the merger was to occur no later than […]

New banks, fake banks and dubious bankin...

May 01 (THEWILL) – A seemingly innocuous ‘war’ has been raging in the Nigerian financial services space for some time now: the ‘war’ to subdue the activities of mostly unlicensed and unapproved ‘banks’ of various shades that have practically invaded the banking sector. The “invaders” have been variously described as “online moneylenders”, “loan sharks”, “shylocks”, […]