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Powell’s warning: Fed to tighten credit

By CHRISTOPHER RUGABER, economic editor of the AP WASHINGTON (AP) – Federal Reserve Chairman Jerome Powell on Tuesday took a sudden and unexpected turn to tighten consumer and business credit amid growing concerns over high inflation. Powell has signaled that the Fed will likely move faster to phase out its ultra-low interest rate policies even […]

Macquarie Group (MQG) reports $ 1.57 bil...

Australian financial conglomerate Macquarie Group reported an A $ 2.2 billion ($ 1.57 billion) impact on its excess capital due to increased regulatory capital buffers, as noted in the latest reforms of the country’s banking regulator. The Australian Prudential Regulatory Authority (APRA) on Monday released its new bank capital framework that requires banks to ensure […]

FG seeks foreign investment to stimulate...

By Modupe Gbadeyanka A total of 2,691 farmers and small and medium enterprises (SMEs) were directly supported by the Lagos State government with physical inputs and equipment for poultry, rice and aquaculture. Agriculture Commissioner Abisola Olusanya speaking this weekend during the support mission for the pre-7th implementation of the agribusiness support project, the improvement of […]

Bharti AXA Life new business premium up ...

Bharti AXA Life Insurance, a private life insurer, said on Monday that the company’s weighted new business premium increased 33% in the first half of this fiscal year to 285 crore (214 crore). The company saw an 8% growth in its renewal premium to 645 crore (₹ 594 crore). Total premium income increased moderately to […]

SIP In Debt Funds – Here’s Why They Are

Setting aside a set amount of money each month specifically for saving or investing is the best way to build wealth. For people willing to invest a fixed amount each month rather than a one-time investment of a huge amount, starting a SIP is the most preferred option today. The fall in the interest rate […]

Explained: Why RBI Has Suspended Large F...

The Reserve Bank of India (RBI) has kept in limbo its internal task force (IWG) proposal to license large companies to banking amid fears about connected loans and personal transactions if they are authorized in the banking area. What is the big concern? While the main argument in favor of allowing the presence of companies […]

EDB’s new Business Banking app receives

UAE Development Bank [EDB] announced that its new Business Banking app received the product of the year award at the 2021 Fintech Abu Dhabi Awards. This is a major recognition for the EDB application a few months after its launch. The award recognizes the importance of the Business Banking app, which has been designed to […]

BSEC supports the exclusion of bond inve...

FE REPORT | Posted: Nov. 28, 2021, 8:29 a.m. | Update: Nov. 28, 2021, 4:45 p.m. The securities regulator is reportedly asking Bangladesh Bank (BB) to exclude banks’ investments in perpetual bonds from their exposure to the stock exchange, to an extent intended to increase the supply of liquidity in the capital market. Sources say […]

Gordon to Use $ 27 Million in Relief Fun...

A portion of that $ 27 million will be used to sponsor the first year of the Wyoming Innovation Partnership (WIP), the office said in a statement. The initiative, unveiled in January, is a collaboration between the University of Wyoming and community colleges in the state. The money comes from funds given to Wyoming through […]

Zacks: Analysts predict SEI Investments ...

Equity research analysts expect SEI Investments (NASDAQ: SEIC) to post earnings per share (EPS) of $ 0.95 for the current quarter, according to Zacks investment research. Four analysts have made estimates for the earnings of SEI Investments. The lowest EPS estimate is $ 0.92 and the highest is $ 0.98. SEI Investments reported earnings per […]

Exclusion of companies from the banking ...

MUMBAI: The Reserve Bank of India’s decision to keep businesses away from banking licenses will help the government avoid allegations that it is selling banks to large corporations. However, the number of potential buyers for public sector banks (PSBs) will decrease. In the absence of any deep-pocketed corporate house, bidders for PSU banks would have […]

Chinese economy: what future for the Asi...

Despite economic growth projections of 8% this year, China is struggling to overcome many economic challenges on its own. The debt problems of the country’s largest real estate developers – led by China Evergrande, which owes more than $ 300 billion (266 billion euros) – threaten to explode the real estate market. New home sales […]

VM Investment to acquire Republic Funds ...

Mutual Victoria Investments Limited, VMIL, has entered into an agreement with Republic Bank (Barbados) Limited to acquire 100% of the shares of Republic Funds (Barbados) Inc. Republic Funds owns and operates Republic Bank Barbados, which comprises the companies Republic Property Fund, Republic Income Fund and Republic Capital Growth Fund. VMIL expects the transaction to close […]

Australian banking regulator finalizes p...

SYDNEY, Nov. 26 (Reuters) – Australia’s banking regulator on Friday released final guidelines for banks, insurers and pension funds to manage financial risks from climate change, without imposing new rules. The Australian Prudential Regulatory Authority (APRA) said the principle-based guide is aligned with recommendations from the Financial Stability Board’s Disclosures Working Group on Climate-Related Finance […]

Indian foreign investment grows 28% in 1...

Indians seeking overseas investment opportunities have sent over half a billion dollars in the past 12 months, an increase of about 28% from the previous year. Although still only a small fraction of global remittances, the growth rate indicates a strong appetite for foreign investment. Indians invested $ 593.5 million in the 12 months ended […]

Banks and governments must step up effor...

A report by the accounting firm MNP and ATB Financial says the Indigenous economy in Alberta is a huge untapped economic resource, but many Indigenous entrepreneurs still face systemic barriers to success. Tarra Wright-Many Chief owns and operates Many Chief Tours, an ecotourism business focused on Indigenous culture and history in Calgary. She says even […]

Al-Jouf Oasis expects investments of $ 5...

Turkey, UAE aim to strike investment deals during visit to Ankara by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan as Turkey grapples with currency crisis , said two Turkish officials. Sheikh Mohammed’s meeting with President Tayyip Erdogan, the first such visit to either side in years, follows a period of bitter regional rivalries […]

Bank credit growth is picking up; festi...

Credit growth in the banking system is picking up, helped by demand for loans to individuals during festivals, according to analysis by a rating agency. Year-on-year (year-on-year) bank lending increased 180 basis points from last year’s level of 5.1% in the fortnight ended October 23, 2020. It is also about an improvement of 40 basis […]

Schroder British Opportunities Joins Six...

Schroder British Opportunities was the only trust to receive an “Elite Radar” rating in the latest round of reviews. Juliet Schooling Latter, research director at FundCalibre, pointed out that this was one of the few products to be launched in response to Covid-19. “The portfolio consists of 30-50 small and medium public and private companies […]

BOK Financial announces changes in Credi...

TULSA, Oklahoma, November 23, 2021 (GLOBE NEWSWIRE) – BOK Financial has made changes within its leadership team to better position the company for growth in the years to come. Marc Maun has been appointed regional director of banking services for Arizona, Colorado, Kansas, Missouri, New Mexico and Oklahoma, and will also be responsible for cash […]

Binance in talks with sovereign wealth f...

Binance is in talks with sovereign wealth funds to take a stake in the world’s largest cryptocurrency exchange, as it seeks to strengthen relationships with governments and compensate aggressive regulators, its CEO says . The stock market has faced increasing pressure from regulators this year and believes that investments by sovereign wealth funds would help […]

Efactory’s business accelerator cohort e

Why did you join CJW? Marc Thornsberry, senior engineer at CJW, says he joined the company after working in the public sphere. He says CJW had a ton of experience working with the community and bringing clients and clients together. The importance of tracking your cash flow Sandra Smart, Technology and Marketing Specialist, shares helpful […]

Domestic funds buy amid declining QSE tr...

Large profit taking, especially in industrial and real estate meters, slid the Qatar Stock Exchange by more than 100 points on Monday and its key barometer slipped below 10,900 levels.Nonetheless, national institutions have increasingly tended to buy net products even as the Qatar 20-stock index lost 103 points or 0.87% to 11,810.61 points, a drop […]

UN warns of ‘colossal’ collapse of Afgha

The United Nations on Monday called for urgent action to support Afghan banks, warning that a spike in people unable to repay loans, falling deposits and a shortage of liquidity could cause the financial system to collapse within months. In a three-page report on the Afghan banking and financial system as seen by Reuters, the […]

Climate investments make sense | Local ...

The President of REPUBLIC Financial Holdings Ltd, Nigel Baptiste, is convinced that finance will play a vital role in the transition to a clean and fair economy. Speaking at the virtual summit on ESG and Caribbean climate finance last week, Baptiste said the private sector must play a key role in limiting global warming which […]

Big buyers of REITs in primary market in...

Custodian data for this month shows the net REIT purchase amounted to over Rs14,000 crore in shares (through November 18). The net purchase figure, however, includes the large primary market investment of Rs23,169 crore during this period. So the REITs actually unloaded shares worth over Rs 9,000 crore on the secondary market in November. “Since […]

Electric Vehicles, Growth Fuel High Octa...

Strategic and financial investments are pouring into the Indian automotive sector after a lull of almost half a decade. Increased electrification and aggressive growth plans by global auto players are paving the way for renewed investor confidence. Earlier this week, Japanese multinational Kubota Corp said it would inject 9,400 crore yen into the Nanda family-owned […]

Burnt by the market? Try these 3 passiv...

Whether you’ve been an investor for 30 days or 30 years, you know that at least one thing is true: Trying to beat the market by constantly trading stocks in search of the next big thing is hard to do. Suggestions that over 80% of true short-term traders ultimately lose money seem outrageous – until […]

Business News: November 20 | Nvdaily

Dysart elected Dennis A. Dysart has been elected president of the Virginia Association of Community Banks. Dysart is President and Chief Operating Officer of First Bank in Strasbourg. He graduated in 1993 from Bridgewater College and in 1997 from the Jack T. Conn Graduate School of Community Banking in Oklahoma City. During his 28-year banking […]

Certain BlackRock Closed End Funds Annou...

NEW YORK – (BUSINESS WIRE) – November 19, 2021– BlackRock Advisors, LLC announced today that the boards of directors / trustees of six BlackRock Limited Time Closed-End Funds (the “Funds”) have authorized open market share buyback programs (the “Redemption Programs”). »Under which each Fund may redeem, until November 30, 2022, up to 5% of its […]

OCC orders Chicago bank embroiled in Man...

Dive brief: Federal Savings Bank, a Chicago-based lender with $ 815 million in assets, must strengthen its risk management controls and improve its anti-money laundering and consumer compliance standards, in accordance with a agreement with the Office of the Comptroller of Currency (OCC), released Thursday. . Former bank CEO Stephen Calk was convicted of bribery […]

Why public banking is a step towards rev...

PHOTO COURTESY OF TWITTER / @ SANTIAGOAD53 The potential of public banks – or the management of taxpayer funds through state-controlled financial institutions rather than private banks – became real to me in my city council member’s office in the spring of 2019. A group of us had spread out through City Hall to talk […]

“We normally triple our money on our inv

Who is the fund for? People who want to invest in private companies that are not easily accessible elsewhere, whether they are large institutional investors such as pension funds or do-it-yourself savers managing their own money. Why are you attracting more DIY investors? People are learning that many of the best companies in the world […]

Orange County Business Council selects b...

Orange County’s main trade association has appointed a Whittier banker who lives in Huntington Beach as its new chief. Jeffrey Ball, Founder, President and CEO of Friendly Hills Bank in Whittier and Past President of the California Bankers Association, received board approval on Thursday, November 18 to become the next President and CEO from the […]

Kim Kardashian West finances British rob...

Members of the Afghan women’s youth development football team were airlifted to the UK on an evacuation flight funded by US reality TV star Kim Kardashian West. The 35 players and their families, 130 in total, touched down at Stansted Airport shortly before 4 a.m. today, according to the ROKiT Foundation. We are very proud […]

Betsy Ratto, Leader in Commercial Bankin...

In this new role, Ms. Ratto will be responsible for the creation and execution of corporate finance and capital markets operations, with a focus on the retail sector and other finance operations. . Ms. Ratto will be based at Hilco’s Boston office and will work to identify and create lending / investment opportunities through Hilco […]

Clover Health Investments, Corp. announ...

NASHVILLE, Tennessee, November 17, 2021 (GLOBE NEWSWIRE) – Clover Health Investments, Corp. (Nasdaq: CLOV), (“Clover Health”), a technology company committed to improving health equity for seniors, today announced the price of its previously announced public offering of 52,173,913 shares Class A common stock at a price of $ 5.75 per share. In addition, Clover Health […]

New Jersey bank to acquire Bank of Delma...

OceanFirst Financial Corp CEO Chris Maher said the acquisition of Partners Corp. matches the financial institution’s plan to expand into Maryland and Delaware. | PHOTO COURTESY OF OCEANFIRST FINANCIAL CORP. SEAFORD – OceanFirst Financial Corp., a growing bank in New Jersey, has announced plans to purchase Bancorp Partners, the parent company of Seaford-based Bank of […]

Investors flock to Aim – target those st

Brendan Gulston, Gresham House UK Multi-Cap fund manager, suggested the Aim share Randall & Quilter, an insurer, although investors should note that it is not clear whether it qualifies for IHT relief. “The business seems very technical, which often acts as a barrier preventing people from investing in it,” said Mr. Gulston. “But we think […]

Mobile Banking Biz Upgrade Reaches $ 6 B...

By Elise Hansen (Nov. 16, 2021, 3:59 p.m. EST) – Mobile banking and credit firm Upgrade said on Tuesday it reached a valuation of $ 6 billion in its latest $ 280 million round of funding, which comes just a few months after a big round of Series E. Upgrade Inc., headquartered in San Francisco, […]

Fund managers more optimistic about glob...

Investors are now more optimistic about global growth and earnings expectations after expressing pessimism last month, according to the results of Bank of America’s November survey of global fund managers. Of the 388 fund managers surveyed, who oversee a total of $ 1.2 trillion in assets, global growth expectations improved to 3% net in November, […]

Metro Bank: Small Business Commissioner ...

November 16, 2021 More than 30 small business owners attended the first post-pandemic network event after nearly two years at Metro Bank’s Liverpool Street store this week. Heading the event, Small Business Commissioner Liz Barclay spoke passionately about the issue of late payments. Industry research reveals that poor payment practices have a huge impact on […]

Voya Equity Closed-End Funds Declare Dis...

SCOTTSDALE, Arizona – (BUSINESS WIRE) – November 15, 2021– Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), today announced the monthly distribution on the common shares of one of its closed-end funds. With regard to the Fund, the distribution will be paid on December 15, 2021 to shareholders of record […]

Bank ETFs may be worth relying on again ...

As has been widely documented, stocks of banks and associated exchange-traded funds are super hot this year. For example, the Invesco KBW Bank ETF (NASDAQ: KBWB) is 43.25% higher since the start of the year and shows no signs of slowing down. KBWB, which tracks the widely watched KBW Nasdaq banking index, is up nearly […]

Blend will participate in the CITI FinTe...

SAN FRANCISCO – (BUSINESS WIRE) – November 11, 2021– Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Blend President Tim Mayopoulos will participate in a fireside virtual conversation at the CITI FinTech conference on Thursday, 18 November 2021. Discussion will begin at 10:30 am ET / 7:30 am PT. […]

TikTok users bank by copying investments...

TikTok isn’t just for fun dances, crass jokes, and kids born after 2000 (but it’s crazy to think they’re not kids anymore, they might be 21 … time flies). The abbreviated video platform that became the most downloaded app during the pandemic gives advice to young people and millennials about their finances. The most recent […]

Trillions: how index funds took over the...

In 2007, a 36-year-old Wall Street investment manager named Ted Seides took a bet with legendary investor Warren Buffett. The Oracle of Omaha, as Buffett is called, had claimed that “a fund that just follows the US stock market will beat any group of top-flight hedge fund managers.” Seides opposed it. The pair agreed to […]

Goldman Prepares $ 40.6 Billion for Alte...

HONG KONG (BLOOMBERG) – The Goldman Sachs Group is set to invest at least US $ 30 billion (S $ 40.6 billion) in alternative Asian assets over the next five years after reorganizing its operations and launching a aggressive campaign to raise outside funds with the aim of overtaking investment giants such as KKR & […]

Activists disguised as ‘Squid Game’ char

Netflix’s “Squid Game” puts the characters in life and death situations. And protesters say climate change is a life and death situation. “The world is on fire,” says Joo-Jin Kim of Solutions For Our Climate. “The world is definitely on fire. We must complete coal-fired electricity by 2030.” A protest on the banks of the […]

Allen Winmill Joins Gateway First Bank a...

JENKS, Oklahoma .– (COMMERCIAL THREAD) – Gateway First Bank today announced the arrival of Allen Winmill, CPA, MPA, as Chief Accounting Officer. In this role, Winmill will be responsible for corporate accounting, implementation of technical accounting standards, regulatory reporting, preparation and filing of taxes and accounts payable. “Allen has been working with Gateway since mid-July […]

Business News | Stock Market News and S...

Search for quotes, news, net asset values ​​of mutual funds FSN E-Co (Nykaa) INE388Y01029, NYKAA, 543384 IRCTC INE335Y01020, IRCTC, 542830 Tata power INE245A01021, TATAPOWER, 500400 IEX INE022Q01020, IEX, 540750 Tata Engines INE155A01022, TATAMOTORS, 500570 Search for quotes, news, net asset values ​​of mutual funds FSN E-Co (Nykaa) INE388Y01029, NYKAA, 543384 IRCTC INE335Y01020, IRCTC, 542830 Tata […]

DeFi is a scary prospect for the banking...

By Brad Yasar, Founder and CEO of EQIFI At dawn, internet skeptics were openly critical, pointing out their distaste for technology. The famous astronomer Clifford Stoll claimed that the idea that “commerce and business will move from offices and malls to networks and modems” was “nonsense”, and that the potential of the Internet was nothing […]

Founders First closes oversubscribed Ser...

The company raised $ 11 million in Series A to accelerate funding and advisory support to small businesses run by various SAN DIEGO, November 09, 2021 (GLOBE NEWSWIRE) – Founders First Capital Partners (Founders First), the leading income-based advisory and funding investment platform for underserved and diverse small businesses, today announced it has closed an […]

HSBC plans to re-enter private banking i...

HSBC Holdings Plc is ahead of its hiring targets for its retail wealth management business in China and plans to re-enter the private banking business in India, senior executives said, as part of its plan to do so. of Asia and the wealth of the pillars of growth. As part of a strategy led by […]

S&P Global Market Intelligence 2022 Bank

Released by S&P Global Market Intelligence’s Financial Institutions Research Team, the report says excess liquidity created by government relief efforts and forbearance provided by U.S. banks will remain on their balance sheets for the foreseeable future, leaving bank margins below pre-pandemic levels for the next few years. In a tough earnings environment and a changing […]

Infrastructure funds increase in Spain w...

11/08/2021 at 08:39 CET Araceli Munoz “Spain is probably one of the most dynamic economies in the European Union. If you look at the world of infrastructure, this is one of the big hotbeds of international funds. We like the fact that Spain is very receptive to foreign investment and has excellent management teams, ” […]

Investments to avoid in 2022

* This content is brought to you by Brenthurst Wealth By Ruan breed * It is traditional this time of year to give investors a glimpse of what to expect for the coming year. These predictions usually focus on the opportunities you should be looking to grab, but I’ll break that tradition by offering information […]

Public banking has the potential to trul...

The potential of public banks – or the management of taxpayer funds through state-controlled financial institutions rather than private banks – became real to me in my city councilor’s office in the spring of 2019. One a group of us had spread out through City Hall to talk with each board member about the benefits […]

Venture capital investments remain modes...

Venture capital funding for Indian startups remained limited due to the festivities in the first week of November. In total, 10 startups raised around $ 121 million, with the Zepto and Neobank Fi grocery delivery app sharing most of the total investment. Besides venture capital funding, prominent names in the startup ecosystem – Nykaa, Paytm, […]

Subsidiary disbursed 84,000 loans withou...

A subsidiary of Indusind Bank disbursed nearly 84,000 loans without the client’s consent in May 2021 due to a technical glitch, the private lender said on Saturday, which denied the rollover allegations. An independent review will correct the process failure or accounting failure of Bharat Financial Inclusion Ltd (BFIL), the bank’s microfinance arm. Client consent […]

Strong earnings season pushes mutual fun...

A strong earnings season helped equity markets reach record highs in October despite some underlying supply constraints and a slower-than-expected recovery in some sectors. Many of the top mutual funds and ETFs shone again despite some trepidation at the start of the month. X “We were pleasantly surprised by the number of companies that actually […]

Langford’s accessible housing program tr

The City of Langford’s recently announced Accessible Home Ownership Program offers a new and innovative way to give potential buyers a “boost and a head start”, but experts say the program will subsidize housing primarily for households with income well above the median. Those who qualify could benefit greatly. The City will provide grants of […]

Danske Bank UK uses Aiia to introduce mu...

North Bank Ltd., do business like Danske Bank United Kingdom, confirms its partnership with the European Open Banking platform, Ouch (acquired by Mastercard) to provide digital solutions to help its 20,000+ corporate and business customers through its merchant banking platform, District. The partnership is expected to offer Danske Bank UK clients a straightforward approach to […]

HSBC Asset Management announces changes ...

Vancouver, British Columbia – (COMMERCIAL THREAD) – HSBC Global Asset Management (Canada) Limited, manager of HSBC’s mutual funds, today announced changes to its mutual funds. The changes include a new Series D and capping its Manager Series to new investors. New D series units HSBC Global Asset Management (Canada) Limited today announced the launch of […]

Mike Eisenga Answers: How involved are p...

Many business successes have been fueled by investments from private equity firms. Michael Eisenga explains how involved these companies are. UNITED STATES, November 4, 2021 /EINPresswire.com/ – There are countless stories of private equity firms turning relatively small and unknown companies into powerful success stories. Backed by large investments, the drive to succeed, and industry […]

COVID-19 brings Nigeria’s mobile banking

Posted November 4, 2021 The value of mobile money transactions increased to 9.72% of Nigeria’s gross domestic product in 2020, as lockdowns from the COVID-19 pandemic pushed more people into internal banking and banking. other digital transactions. However, the number of registered mobile money agent outlets per 1,000 km2 has been reduced to 141.81, according […]

Guarantee indigenous rights considered e...

GLASGOW, November 3 (Thomson Reuters Foundation) – Billions of dollars in tropical forest investments pledged at the United Nations climate conference in Glasgow should help strengthen indigenous peoples’ rights, not just help businesses reduce their greenhouse gas emissions, carbon market experts said Wednesday. “Much of the discussion revolved around what (carbon trading) can do for […]

Recent High Court judgment on funds prot...

The High Court, in its recent judgment Regarding ipagoo LLP (in administration) [2021] EWHC 2163 (Ch) (Ipagoo), determined that there is no legal confidence in the protected funds held under the Electronic Money Regulations 2011 (EMR). This can be contrasted with the decision In Re Supercapitale [2020] EWHC 1685 (Ch) (Supercapital) who found that the […]

Citibank to Focus on Institutional Banki...

Citibank India plans to introduce Rental Rental Discount (LRD) for leading commercial real estate companies in India, as it aims to strengthen the focus on institutions while moving away from retail, ET two told. people familiar with the matter. LRD is a popular rental credit instrument around the world. This will likely ease the fund […]

IDB Leads Multilateral Development Banks...

International institutions sign IDB-led joint statement at COP26 and announce plan to mainstream nature into policies, analysis and investments Glasgow – The Multilateral Development Banks (MDBs) led by the Inter-American Development Bank (IDB) today pledged to mainstream nature into their policies and dramatically increase funding for nature for member countries. The joint bank statement “Nature, […]

Brunel PP transfers £ 3bn more passive f

Posted on 02/11/2021 Brunel Pension Partnership has migrated over £ 3 billion in assets to the new FTSE Russell Paris-aligned benchmark series that they developed in coordination with FTSE Russell, the index, data and analytics provider. Five client members of the Brunel Pension Partnership have made the decision to switch from passive fund allocations to […]

Wall Street Banks Intensify Preparations...

NEW YORK (Reuters) – Wall Street banks are stepping up preparations for the Federal Reserve’s withdrawal of pandemic stimulus measures to ensure they are able to handle spikes in market volatility, help clients manage risk – and make a profit. While the Fed is expected to officially announce on Wednesday that it will begin cutting […]

Fidelity appoints regional head of priva...

He brings over 15 years of experience in the asset management and private banking industries. Fidelity investment manager appointed Johann santer as APAC ex-Japan regional manager for private banking and wealth management, and will lead an expanded team of senior distribution experts in Hong Kong and Singapore, the company said in a statement on Monday. […]

Racial Equity Initiative Launches $ 250 ...

PHOTO | JOHNSON C. SMITH UNIVERSITY Johnson C. Smith University has received millions of dollars of investment under the Mayor’s Racial Equity Initiative to address inequalities and remove barriers to economic opportunity. A $ 250 million initiative to promote racial equity by investing in Charlotte’s historically neglected communities of color. Political, business, community and philanthropic […]

JPMorgan Chase, Bank of America, TD Rule...

Dive brief: Small businesses that applied for Paycheck Protection Program (P3) loans reported 32 points higher customer satisfaction – 853 on a 1,000 point scale – than those that did not apply for a P3 loan. found JD Power in a poll last week. That number climbs to 869 among small businesses that have completed […]

Bengaluru-based space tech start-up SatS...

SatSure, a Bengaluru-based space technology startup that builds business intelligence using data from satellites for the banking and insurance industries, has raised an undisclosed amount of equity led by Baring Private Equity India. SatSure will use the capital to hire more people to grow its product portfolio and increase its international business footprint, while also […]

No disruption to digital banking after a...

KARACHI: A day after a cyberattack on the National Bank of Pakistan (NBP), 1LINK – a consortium of 11 banks and Pakistan’s largest switching and payment system – said there had been no disruption to interoperable banking services during or after the cyberattack. 1LINK said in a statement on Sunday that “all transactions, both financial […]