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GOP targets big Wall Street companies fo...

Republicans are fighting a social movement in the financial sector meant to address systemic issues like climate change. Government initiatives in Florida, West Virginia and Texas are targeting big Wall Street companies that they say engage in environmental, social and governance (ESG) investing, which they see as harmful to the economies of their states. Letters […]

Meezan Bank and Samba Bank celebrate the...

KARACHI: Meezan Bank and Samba Bank in collaboration with the Pakistani Embassy in Bahrain hosted a reception at Gulf Hotel, Manama – Bahrain inviting prominent non-resident Pakistanis and their clients to celebrate the success of Roshan Digital Account (GDR) in Pakistan. Dr. Murtaza Syed from the State Bank of Pakistan participated in the event virtually […]

Funds and export assistance to South Kor...

By Mahlon MeyerNorthwest Asia Weekly From left to right: Gabriel Esparza, Michael Fong, Sam Cho, Isabelle De Wulf and Josh Davis. (Credit: Port of Seattle) Walking around the room and chatting with reporters in Korean and English, Seattle Port Commissioner Sam Cho greeted everyone personally. Still using both languages, he then launched a program to […]

Following simple steps can thwart scamme...

Thursday, August 25, 2022, 9:16 a.m.Press release: banking mediator The banking ombudsman is urging bank customers to take more steps to protect themselves from scammers as his scheme encounters more and more easily avoidable scams. Nicola Sladden said her experience was that many victims were completely convinced of the legitimacy of the person they intended […]

Qld’s State Investments injects $500 mil

The Queensland Government’s specialist fund manager, State Investments, has pledged $500m in private debt through QIC’s new multi-sector private debt unit. Street talk. Glenn Hunt State Investments and the multi-sector private debt capability is under the QIC umbrella, but State Investments’ three-year, $500 million investment would be a vote of confidence for the private debt […]

Banking compliance for wealth management...

EThe establishment of Bank Wealth Management Subsidiaries (BWMS) is an important way for commercial banks to strengthen risk isolation management and implement professional operation, as well as an important measure to comply with the general trend in wealth management, effectively implementing the requirements of the Regulatory Guidance Notices. the Asset Management Business of Financial Institutions […]

Regulators fear hedge funds could trigge...

In the wake of the 2008 financial crisis, regulators closely watched America’s largest banks, subjecting them to regular stress tests and imposing new rules designed to keep them safe during times of financial turmoil. These new rules may have made the banking system safer, experts say, but they have also fueled the growth of a […]

Colorado’s mountain communities reap rec

Aspen and 11 other mountain communities that have approved real estate transfer taxes have seen their revenues increase by 84% in 2020 and 2021 compared to 2018 and 2019. For the 12 mountain communities where voters approved real estate transfer taxes – known as RETTs – in the 1970s and 1980s before the passage of […]

Center proposes stricter valuation rules...

The government on Monday introduced a new set of rules for domestic entities, including corporations and large family offices and start-ups, opting for the overseas direct investment (ODI) route, which could impact considerable impact on their acquisition decisions. The new rules, which came into force on Monday, made an explicit distinction […]

Cannae Holdings, Inc. announces $84 mill...

LAS VEGAS–(BUSINESS WIRE)–Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that it has committed to invest $84 million in Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading provider of end-to-end fintech and regtech solutions, in conjunction with additional investments agreed by a consortium of private investors. On August 22, 2022, CSI announced […]

Investors may continue to allocate to eq...

Investors should be guided by valuations to determine risk and allocation rather than unpredictable events, Vetri Subramaniam said. TopicsUTI AMC | Markets | investment portfolio Puneet Wadhwa | New Delhi Last updated on Aug 22, 2022 06:00 IST After markets have pulled back sharply from their recent lows, VETRI SUBRAMANIAM, […]

How branchless banking promotes financia...

Growing internet penetration across India has accelerated the demand for digital banking services. However, the country’s highly geo-distributed demographics pose a challenge to its financial inclusion mission. Much of Bharat – rural India – is still technologically shy, plagued by technological inhibitions and lacking confidence in any form of financial transaction. This growing need to […]

JPMorgan Chase & Co. (NYSE: JPM) shares

AGF Investments LLC increased its holdings in JPMorgan Chase & Co. (NYSE: JPM – Get Rating) by 108.0% during the first quarter, according to the company in its latest filing with the Securities and Exchange Commission. The fund held 3,999 shares of the financial services provider after acquiring an additional 2,076 shares during the period. […]

BOJ expects fallout on housing market du...

Bank of Jamaica officials expect the construction and housing sector to be negatively affected by rising mortgage rates, but say there is no fallout yet in the hot market since the pandemic, with housing prices and valuations soaring amid higher levels of inflation and record low lending rates until last year. The impending fallout on […]

Beijing to cut medical insurance funds p...

What’s new: Starting Sept. 1, Beijing Municipality will reduce the share of medical insurance funds deposited in the personal accounts of urban workers, joining a growing list of provincial-level regions that have enacted similar reforms. The new rules will also no longer allow program participants to withdraw funds from their personal accounts at will, the […]

Bank charges: what fees can banks charge...

As a customer, you use several banking services, offline and online. Some of these services are free, others are chargeable. Typically, banks mainly offer free services to their existing customers, such as free ATM cards, checkbooks, and online services. However, some services are chargeable and some require a fee if you exceed a certain threshold. […]

A Checklist for Foreign Businesses Openi...

A checklist for foreign companies opening a business bank account in the United States Opening a business bank account is a great way to separate your finances from company funds. This way, you can manage company assets professionally. The United States is the world’s largest global trader and has the largest economy. Opening a corporate […]

Meeting consumer needs with integrated b...

Smartphones have made it possible for almost anyone, almost anywhere, to connect to the Internet, causing transformations in the business world, especially in banking. Products and services once based in the physical world are increasingly migrating to digital channels. Although the pandemic quickly accelerated this process, it actually started years ago. “When we started almost […]

Revolving doors: swings and roundabouts ...

As the market braces for the inevitable back-to-school hiring frenzy, August nonetheless saw its fair share of sideways activity. Of the companies that announced investments this week, Kirkland and Ellis strengthened its funds practice with the addition of two Legal 500 next generation partners ranked in London. Catherine Gokah has joined Ashurst and is recognized […]

Banks should tighten valuation controls ...

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) – Banks should strengthen their controls on the valuation of investments in corporate bonds to avoid excessive risk and misuse of company-raised funds, experts said. In early April, the Banking Supervision Agency, under the aegis of the State Bank of Vietnam (SBV), conducted an inspection of corporate bond investment […]

Fed Governor: Banks looking to get into ...

Banks want to offer cryptotech services, so the Federal Reserve is studying how such activities should be overseen while reminding them to manage risk and act legally, said Michelle Bowman, one of seven members of the Board of Governors of the Fed. Bowman spoke Wednesday, Aug. 17, in Little Rock at the inaugural VenCent Fintech […]

Gen II Introduces E-Subdocs Fund Subscri...

NEW YORK–(BUSINESS WIRE)–August 17, 2022– Gen II Fund Services, LLC (“Gen II”), a leading independent private equity fund administrator, today announced the launch of E-Subdocs, a new digital offering that automates the fund underwriting process private investors, significantly improving the investor experience and providing equity. Fund managers with real-time information on their fundraising. Replacing the […]

HSBC, Citigroup and the end of the World...

Placeholder while loading article actions Twenty years ago, returning from summer vacation, HSBC Holdings Plc employees began moving into their gleaming new global headquarters in London’s Canary Wharf. Designed by Norman Foster, the building was one of two new towers to sprout to the east of the city. The other housed Citigroup Inc., whose employees […]

Book of Lists Newsmaker – Finance, Inves

It has been a year of milestones for Liberty Bank and its chief executive, Todd McDonald. mcdonalds Before Liberty Bank turns 50e anniversary last November, the New Orleans-based community bank named McDonald its second president and CEO. His father, Alden McDonald Jr., handed over the reins in May after running the bank for the duration […]

Newsmaker: Meet HDFC’s Kaizad Bharucha,

The Covid-19 pandemic proved to be watershed years for the lender’s wholesale lending business, causing that wholesale book to grow much faster than retail TopicsHDFC | Detail Kaizad Bharucha, Executive Director of HDFC Bank, who recently became the highest earning banker in FY22, joined the private sector lender in 1995 – a year […]

Russell McVeagh participates in the acqu...

Tuesday, August 16, 2022, 4:05 p.m.Press release: Russell McVeagh Leading law firm Russell McVeagh is pleased to have assisted Fisher Funds in its purchase of Kiwi Wealth for NZ$310 million, shortly after working with the same team on the acquisition of KiwiSaver and schemes retirement from Aon. Announced this week, the purchase will see the […]

Fidelis Capital launched by private bank...

The new wealth management company, set up by former rivals, whose members previously managed $6 billion in client assets, will deliver an enhanced private banking experience, delivered by teams of highly experienced specialists. TAMPA, Florida., August 15, 2022 /PRNewswire/ — Top private bankers from Wells Fargo and Bank of America today announced that they have […]

Electricity and water problems cost bill...

Electricity and water problems cost billions of dollars in investments Published on: Monday August 15th, 2022 By: Bernama Text size: Bung (left) said the state government is sensitive to the situation where the completion of infrastructure projects, especially the construction of the Pan Borneo highway, is a major effort to attract investors and boost further […]

Artisans’ Bank opens new business center

Artisans’ Bank recently announced that its new Rehoboth Branch and Business Center on Route 24 is open for business. “The new branch is open and ready to go,” said Joanne Williams, Rehoboth branch manager. “We invite the public to come and visit our beautiful new facility. The new location offers full-service retail banking with commercial, […]

Columbia Banking System, Inc. (NASDAQ:CO...

Texas Permanent School Fund reduced its holdings in Columbia Banking System, Inc. (NASDAQ:COLB – Get a rating) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company held 55,108 shares of the financial services provider after selling 925 shares […]

Texas Capital Bancshares, Inc. (NASDAQ: ...

Russell Investments Group Ltd. reduced its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) by 13.0% during the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The company held 58,188 shares of the bank after selling 8,726 shares during the quarter. Russell […]

Impact of rate hikes on money market fun...

Safe place: Money market funds were considered a relatively safe way to grow your money until the global financial crash of 2008 (Photograph by Horst Schwalm/Pixabay.com) The U.S. Federal Reserve raised interest rates again on July 27, in a second sharp escalation a month apart, another 75 basis points, or 0.75 percentage points, added to […]

Funds start placing sanctions-hit Russia...

By Carolyn Cohn and Huw Jones LONDON (Reuters) – Some of the world’s biggest fund managers are talking to investors and regulators about removing Russian assets from their funds, helping them unlock billions of dollars of investments that have become illiquid due to the war in Ukraine. So-called “side pockets”, used by hedge funds during […]

Bursa Malaysia ends higher supported by ...

The FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.63 points to end the week at 1,506.19 from yesterday’s close at 1,505.56 as gains were limited by slight profit taking. — photo by Bernama KUALA LUMPUR, Aug 12 – Bursa Malaysia closed higher for the second day in a row today, with the benchmark ending above […]

Delaware Investments Dividend and Income...

PHILADELPHIA CREAM–(BUSINESS WIRE)–Today, Delaware Investments Dividend and Income Fund, Inc. (the “Acquired Fund”), a closed-end fund listed on the New York Stock Exchange and trading under the symbol “DDF”, announced that its board Board of Directors (the “Acquired Fund”) Board”) has approved the reorganization of the Acquired Fund as abrdn Global Dynamic Dividend Fund (the […]

Thread Bank, Unit for Extending Banking ...

Banking platform as a service (BaaS) Unity partnered with digital-first bank wire bank to enable companies to integrate banking services into their products. According to a Wednesday, August 10, press release, these services include accounts, cards, payments, and loans, all of which can be added in weeks using a single platform. “Together with Thread, Unit […]

International economists call on Biden t...

Joseph Stiglitz, a professor at Columbia University, speaks during the China Development Forum in Beijing, China March 24, 2019. REUTERS/Thomas Peter/Pool Join now for FREE unlimited access to Reuters.com Register ISLAMABAD, Aug 10 (Reuters) – More than 70 economists and experts, including Nobel laureate Joseph Stiglitz, called on Washington and other countries to release Afghan […]

Bain Capital Credit Announces $2.4 Billi...

BOSTON–(BUSINESS WIRE)–August 10, 2022– Bain Capital Credit, LP, one of the world’s leading credit specialists, today announced that the firm’s Private Credit Group has invested $2.4 billion to support the growth of middle market businesses and corporate backed by private equity in the first half of 2022. Bain Capital Credit’s Private Lending Group invested in […]

Atom Bank Obtains Full Registration with...

Alternative loansDigital bank Atom Bank “goes beyond” basic statutory regulatory requirements. Image source: AtomBankTeam/AtomBank. Neo-Atom Bank is committed to the Standards of Lending Practices for Business Clients as it seeks to protect SMEs and provide fairer outcomes for banks’ business clients. Overseen by the Lending Standards Board (LSB), the Standards of Lending Practice (SLP) covers […]

Passive funds save the day for MF flows ...

For the month of July 2022, the inflow of equity funds and debt funds remained positive. However, the strength of flows into active funds has been relatively muted. This was more than offset by strong inflows into passive funds during the month. On the other hand, selling pressure was visible on hybrid funds, in particular […]

Bank launches curve ball for NZ Automoti...

The final snag puts future auto finance in uncertain territory. NZAI owns the 2 Cheap Cars dealerships. Struggling New Zealand auto investments face another problem, this time with banking facilities to buy imported vehicles. In a statement to NZX this morning, the company was told that the commercial bank which provides its commercial and auto […]

Wealth manager David Loeb joins First Re...

SAN FRANCISCO–(BUSINESS WIRE)–First Republic Bank (NYSE: FRC), a leading private bank and wealth management firm, today announced that David Loeb has joined First Republic Investment Management. Loeb was appointed managing director and wealth manager. It will provide portfolio management, retirement planning, investment advisory and other wealth management services to individuals, families, non-profit organizations and private […]

Your Questions: Mutual Funds – Being 30?

I am 29 years old and I earn Rs 30,000 per month. I want to start SIP in mutual funds. What should my asset allocation be?—Praveen KumarAn approach based on asset allocation (mix of equities, debt, commodities, real estate, etc.) is recommended to invest in its objective. While fixed income securities provide portfolio stability, equities […]

Bank of England accused of shadow bankin...

UK financial regulators have failed to tackle risks outside the traditional banking sector and should now develop comprehensive UK policy instead of waiting for an international deal, says a former Bank of England deputy governor . Paul Tucker accused the BoE of inadequate regulation of the so-called shadow banking sector at a private event last […]

Russell Investments Group Ltd. acquires...

Russell Investments Group Ltd. increased its stake in shares of Bancolombia SA (NYSE: CIB – Get Rating) by 6.0% during the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The fund held 221,845 shares of the bank after buying an additional 12,474 shares during the quarter. Russell […]

Banking on Lynk | Company

Jamaica’s largest banking conglomerate, NCB Financial Group, believes it has found the right formula for its digital wallet as a market disruptor that won’t end up cannibalizing its own business. The wallet known as Lynk mainly offers free payment services that sometimes compete with the bank it belongs to, NCB Financial chairman and chief executive […]

Executive Vice President and Chief Banki...

Anyone interested in Plumas Bancorp (NASDAQ:PLBC) should probably know that Plumas Bank Executive Vice President and Chief Banking Officer B. North recently sold $235,000 worth of shares in the company, at an average price of $30.46 each. Equally important, this sale actually reduced their stake by 51%, which makes us hardly optimistic about the stock. […]

Peter Michaelis: Sustainable investment ...

A growing number of people are choosing to invest sustainably in order to align their long-term financial goals with the desire that their money be used in a way that benefits society and the environment. Of course, investing in this way is also expected to produce strong returns. After a strong run of performance, many […]

TymeBank acquires Retail Capital to stre...

By Edlyn Cardoza Today Corporate banking E-commerce FinTech TymeBank, one of South Africa’s fastest growing digital banks, is set to bolster its business banking offering with new initiatives. Key to this is the proposed acquisition of Retail Capital, a FinTech company that provides financing to small and medium-sized enterprises (SMEs) in South Africa. The acquisition, […]

What do recent Emirati investments mean ...

The intensive orientation of the Emirates towards the Egyptian market is part of the political and military relations which are currently reinforced by unique economic and investment commitments. The most recent action was seen at the end of July when ADNOC Distribution, the largest fuel and retail distributor in the United Arab Emirates, signed an […]

Deloitte fined for hidden hole of 2.1 bi...

Companies Deloitte fined for hidden hole of 2.1 billion shillings in Chase Bank Thursday 04 August 2022 Deloitte Building Nairobi. PICTURES | DENNIS ONSONGO | NMG The capital markets regulator on Wednesday fined Deloitte after the audit firm failed to detect a non-existent 2.1 billion shilling Chase Bank account at the central bank that prompted […]

AARP Awards Funding to 260 Quick Action ...

In late June, AARP announced the winners of its sixth AARP Community Challenge; an annual competition to launch improvements to make communities across the United States more livable for people of all ages and mobility levels. The program received 3,200 applications from nonprofit organizations and government entities from which AARP selected 260 projects to receive […]

Women’s World Banking Announces 2023 Fin

The competition invites applications from later-stage fintechs pioneering innovative financial solutions for the low-income women’s market; the finalists and the winner will have access to the best fintech networks and resources NEW YORK, August 3, 2022 /PRNewswire/ — Women’s World Banking today announced the 2023 Fintech Innovation Challenge, a global competition to highlight and propose […]

Billionaire Lo plans to add to Formula 1...

By Carolyn Cohn and Selena Li LONDON/HONG KONG (Reuters) – Hong Kong-based billionaire Calvin Lo is considering investing more money in Formula One following his connection with F1 team Williams, Lo told Reuters in an interview, adding that other Asian investors were also interested in investing in sports. . Lo, chief executive of insurance broker […]

Trivest announces promotions within the ...

MIAMI–(BUSINESS WIRE)–Trivest Partners (“Trivest” or the “Firm”) is pleased to announce the following promotions: an achievement recognition that fully exemplifies the depth of talent and experience of the internally formed Trivest team. Brian Connell was elevated to partner status. Brian joined Trivest in 2013. He is responsible for creating investment opportunities, executing acquisitions and working […]

Quarterly Fund Update: Jersey – Commenta

New States AssemblyImprovements to Limited Partnerships Act ApprovedProceeds of Crime Act UpdateGovernment consults on changes to power of attorney lawJFSC publishes comments from prudential risk reviewsProposed Revisions to Outsourcing PolicyFirst national risk assessment focused on virtual assetsDigital Solutions for Customer Due Diligence termsProposed Fee Updates for Fund Services Businesses New States Assembly This quarter’s update […]

KBA collects donations to support flood ...

As Eastern Kentucky communities are devastated by catastrophic flooding that has killed at least 35 people over the past week, the American Bankers Association is encouraging bankers across the country to support disaster relief efforts contributing to the Kentucky Bankers Association’s Kentucky Bankers Relief Fund, which provides direct relief to affected bank workers. As of […]

Versor Investments LP takes $222,000 pos...

Versor Investments LP bought a new stake in Live Oak Bancshares, Inc. (NASDAQ:LOB – Get Rating) during the first quarter, HoldingsChannel.com reports. The fund bought 4,361 shares of the bank, valued at around $222,000. Other hedge funds have also changed their positions in the company. Catalyst Capital Advisors LLC bought a new stock position in […]

Sukuma Business ne dfcu’ SME New offer

28e July 2022. Micro, Small and Medium Enterprises (SMEs) in Uganda stand to benefit as dfcu Bank is launching a brand new offering aimed at giving them the ability to enjoy banking services while operating an account that meets their business needs at their convenience. Named ‘Sukuma Business ne dfcu‘ calls on SMEs in all […]

GQG Partners defends fund managers amid ...

“They are cheap relative to their global counterparts, but we see little positive catalyst,” wrote stock analyst Michael Cyprys. In research published in May by Morningstar, analyst Shaun Ler said that while he expected GQG to gain inflows and gain popularity with investors due to the slippage in performance of household names such as Magellan […]

The Future of Ethical Banking: Key Indus...

The world depends on global finance that works towards a fairer financial system for people, environment and culture, with a focus on sustainability, climate change and social justice. This month of July Fintech time we have emphasized ethical finance/ethical banking, including environmentally and socially responsible practices. As we come to the end of July on […]

Corruption is a major obstacle to foreig...

Land scarcity, depleted natural gas reserves and inadequate electricity distribution remain major impediments to investment, according to the US State Department report. TBS Report July 31, 2022, 09:30 Last modification: July 31, 2022, 09:45 Representative image. Illustration: Pixabay “> Representative image. Illustration: Pixabay Corruption is a major impediment to foreign investment in Bangladesh, according to […]

Banks grant 696.7 billion dirhams to com...

According to CBUAE figures, the cumulative balance of credit granted by national banks to the sector on an annual basis increased by 2.14%. Credit facilities provided by national banks to the corporate and industrial sector increased by 1.92% (13.1 billion Dhs) in the first four months of 2022 to reach 696.7 billion Dhs against 683.6 […]

Harel Insurance Investments & Financial

Harel Insurance Investments & Financial Services Ltd. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 1st quarter, according to the company in its latest filing with the SEC. The company held 564,463 shares of the financial services provider after selling 5,602 shares during the quarter. JPMorgan Chase & Co. accounts […]

Canara Robeco Mutual Fund to launch bank...

Canara Robeco Mutual Fund announced the launch of Canara Robeco Banking and PSU Debt Fund. The open-ended debt program would invest primarily in debt securities of banks, public sector enterprises (PSUs), public financial institutions (PFIs) and municipal bonds. The New Fund Offering (NFO) will open for initial subscription on July 29, 2022 and will close […]

Wells Fargo Bank raises prime rate to 5....

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo Bank, NA, today announced that it is increasing its prime rate from 4.75% to 5.5%, effective tomorrow, July 28, 2022. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company with approximately $1.9 trillion in assets, proudly serves one in three American households and more than […]

Do you need a Demat account to invest in...

Dematerialization (DEMAT) accounts are not required for investors to buy or sell mutual fund shares, but there are many benefits. Demat accounts allow investors to purchase mutual fund shares without the assistance of a broker by transferring funds electronically With a Demat account, investors do not need to keep physical fund certificates to redeem shares. […]

2022 banking customer satisfaction award...

Your relationship with your bank can last for years if you feel you’re getting good service, or you can easily switch to a competitor if you don’t feel satisfied. Canstar therefore asked thousands of people a number of questions to see how satisfied they were with their bank, with our results revealed in the 2022 […]

GIC increases investment in inflation-re...

The shift to a potentially high inflation regime, for its part, has “significant” investment implications. “High inflation not only immediately reduces real returns, but its negative impact on economic stability increases risk premia on financial assets,” GIC pointed out in its report. “Portfolio diversification will also be more difficult as few assets are spared the […]

Banking sector remains resilient and opt...

During the years of high oil prices, Qatar’s banks successfully rode the wave of profitability. They have funded many projects. They were flooded with cash. They made acquisitions and increased their presence abroad. Then came June 2014 and the fall in the price of oil, the backbone on which many Middle Eastern economies are based. […]

Atria Investments LLC holds a $2.03 mill...

Atria Investments LLC increased its stake in shares of Discover Financial Services (NYSE:DFS) by 5.4% during the first quarter, Holdings Channel reports. The fund held 18,446 shares of the financial services provider after buying an additional 938 shares during the quarter. Atria Investments LLC’s holdings in Discover Financial Services were worth $2,033,000 when it last […]

All about SRS funds and where to use the...

The SRS is a voluntary savings plan which is added to your involuntary savings plan, that is to say your Caisse Centrale de Prévoyance (CPF). Parking your money in your CPF gives you the basic retirement income you need, but the SRS does more than that. You can contribute and channel your funds to SRS, […]

First Community Bank adds 1 in NWA (Move...

We were unable to send the item. Natalie Barthelemy (First community bank) Natalie Barthelemy was hired as the Rogers Community President for the First Community Bank of Batesville. She will be responsible for expanding the bank’s presence in northwest Arkansas. Julie Bristow (First security bank) Julie Bristow was hired as the new Jonesboro Market Mortgage […]

Return of foreign funds, highest purchas...

Indian stock markets recorded their best weekly performance during the trading session till Friday. The week was particularly good with new purchases of banking and IT stocks as well as the return of foreign investments to Indian markets. However, Indian stocks have climbed for six consecutive sessions. The domestic stock market closed at its highest […]

Signaturefd LLC buys 22,691 shares of Ll...

Signaturefd LLC increased its stake in Lloyds Banking Group plc (NYSE: LYG – Get a rating) by 20.5% in the first quarter, HoldingsChannel.com reports. The company held 133,467 shares of the financial services provider after purchasing an additional 22,691 shares during the period. Signaturefd LLC’s holdings in Lloyds Banking Group were worth $322,000 at the […]

ICICI Bank’s Q1 Net Amount Increases 50%

ICICI Bank on Saturday announced a 49.58% increase in its net profit to Rs 6,905 crore for the June quarter of FY23 from Rs 4,616 crore in the same period last year. Its total revenue rose to Rs 28,330 crore in the first quarter from Rs 24,379 crore a year ago. Gross non-performing assets (NPA) […]

Farrell: Crypto offers a broader lesson ...

Stock market bubbles are fascinating stories. Cryptocurrencies are the most recent speculative frenzy to erupt in spectacular fashion, with Crypto Winter joining a storied history that includes dot.com mania, the Roaring Twenties and the South Seas bubble. In his 19th century study of market madness – “Extraordinary Popular Delusions and the Madness of Crowds” – […]

Weekly recap: Auxano, B Capital launch n...

B Capital, a multi-stage global investment firm that has backed Indian start-ups such as Byju’s and Meesho, announced the closing of its first dedicated startup fund named Ascent Fund II. The $250 million fund will invest in pre-seed through Series A rounds globally, with a focus on the US and Asian markets. With $6.5 billion […]

Advisors are turning to alternative inve...

Marko Geber | Digital Vision | Getty Images After struggling with declines in stock and bond markets, more and more financial advisers looking to further diversify their clients are turning to alternative investments, according to a recent survey by Cerulli Associates. Outside of traditional asset classes, alternative investments are commonly added to portfolios for more […]

Oregon Bancorp Announces Second Quarter ...

SALEM, Oré.–(BUSINESS WIRE)–Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, reported net income of $1.5 million in the second quarter of 2022, compared to $5.4 million dollars in the second quarter of 2021. This translates to a quarterly return on average assets of 1.4% and a quarterly return on average […]