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Gillibrand Reintroduces Postal Banking A...

WASHINGTON — Nearly one in five American adults don’t have a bank account or don’t have the type of account they should have access to, and Senator Kirsten E. Gillibrand is working to bring banking back to the Postal Service American. On Wednesday, Sen. Gillibrand, DN.Y., announced the reintroduction of her Postal Banking Act, which […]

First Eagle Investments to Acquire Napie...

The acquisition complements First Eagle Investments’ multi-asset lineup and enhances the capabilities offered to clients, including opportunistic lending. Napier Park will operate as a stand-alone unit wholly owned by First Eagle Investments. No changes to Napier Park’s investment approach, business focus or customer service. NEW YORK, March 30, 2022 /PRNewswire/ — First Eagle Investments (“First […]

Business and a whiff of politics behind ...

With three major acquisitions in a few months, the Hungarian spending spree in the Western Balkans has finally reached Albania. Since Viktor Orban became prime minister in 2010, Hungarian companies – some of them linked to Orban’s ruling party, Fidesz, and largely benefiting from lucrative government contracts – have invested heavily in Slovenia, Serbia, North […]

Industry Trends, Share, Size, Demand – F

According to the latest report of the IMARC group, entitled “Core Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market showed strong growth during the period 2015-2020. Basic banking software helps in processing day-to-day banking transactions, such as posting account updates. It also helps manage loans, open new […]

The case of investments in events

The inverted yield curve has been in the news lately for good reason; it is the only economic indicator that has a perfect track record for predicting a recession. A generally steepening yield curve means that investors have strong expectations about economic activity. A flattening yield curve means the opposite, and that’s where we find […]

Sensex drops 449 points; decline in ban...

Key Indian stock market indices were trading sharply lower for the fourth consecutive session on Monday, with the benchmark Sensex losing 449 points, led by strong selling pressure on banking and financial stocks. The 30 shares of S&P BSE Sensex traded at 449.38 points or 0.78% down to 56,912.82 points at 12:04 p.m., against the […]

Sustainable banking is a necessity in Ne...

KATHMANDU, MARCH 26 FMO, a Dutch entrepreneurial development bank with more than 50 years of expertise in sustainable private sector investments in emerging markets, has worked since the late 1990s to empower Nepalese entrepreneurs by providing them with loans and outlets. of participation for the environmental and social management system. It took a stake in […]

A new era for foreign investment

Foreign chambers of commerce in the Philippines are in turmoil after President Duterte signed into law two pieces of legislation this month that would open the door wider for foreign investment to enter the country. The first is Republic Act 11647 amending the 85-year-old Civil Service Act, which excluded telecommunications, inland waterways, railroads and subways, […]

Mutual fund inflows via SIP will hit a n...

Inflow into mutual funds through a systematic investment plan is expected to hit an all-time high this fiscal year despite market turmoil following the Russian-Ukrainian war that rocked recovering global economies of the Covid pandemic. Steady rise Mutual fund industry SIP inflows have already surged by 29% in the first 11 months of this fiscal […]

Business People – March 26, 2022 | Bism

Capital Credit Union Rental Tom Ternes was hired as Vice President of Business Services by Capital Credit Union. Ternes has 10 years of professional experience in the financial services sector. Ternes joins CCU from Bank of North Dakota where he had worked since 2012. He graduated from Minnesota Moorhead State University in 2008 with a […]

Federal Reserve watch: Fed funds rate up...

uschools/E+ via Getty Images On Wednesday, March 16, the Federal Reserve raised its target range for the key interest rate, the federal funds rate, by 25 basis points to 0.25% to 0.50%. The Federal Reserve also saw the effective federal funds rate rise to 0.33% for the entire banking week. Thus, the Fed kept the […]

Designed for Retail Investors, This Fint...

With direct experience working at Citibank for over a year, NIT-Bhopal graduate Smriti Tomar recognized something she already knew – it takes a long time to innovate at large companies. “There is a full-fledged protocol that they have to follow,” says Smriti. Since her teenage years, she has always been intrigued by finance and invest […]

Gateway joins commercial lending team

TULSA, Okla.–(BUSINESS WIRE)–Gateway First Bank, one of Oklahoma’s largest banking operations, announced that Rob Hoffman and Todd Welch have joined the bank’s leadership team as Vice Presidents, Commercial Lending. Both bankers join Gateway with extensive experience in the banking and financial services industry. Gateway already has a strong mortgage presence in Oklahoma City, Edmond and […]

Gabelli Funds to Host the 8th Annual Was...

RYE, NY–(BUSINESS WIRE)–March 24, 2022– Gabelli Funds, LLC, will host the 8th Annual Waste and Environmental Services Symposium at the Harvard Club in New York on Thursday, March 31, 2022. This symposium will feature presentations by senior executives from leading companies, with a focus on on industry dynamics, new technologies and business fundamentals. For those […]

Tax Exemptions for Offshore Fund Managem...

India: Tax Exemptions for Offshore Fund Management and Offshore Banking at IFSC|Union Budget 2022 March 23, 2022 King, Stubb and Kasiva To print this article, all you need to do is be registered or log in to Mondaq.com. Since 1991, India has made serious progress towards the policy of economic liberalization and […]

Best Ways to Save Taxes: Investments and...

Tax-saving season is here for last-minute taxpayers who have finally started comparing investment options and other tax-saving schemes. Since some plans have a deadline until March 31 to make minimum contributions, do so quickly. Here are some of the best ways to save tax and generate tax-free income. Under section 80C of the Income Tax […]

Fed’s Powell: Digital currencies will re

Federal Reserve Chairman Jerome Powell said new forms of digital currency such as cryptocurrencies and stablecoins pose risks to the US financial system and will require new rules to protect consumers. Powell, speaking on Wednesday at a panel hosted by the Bank for International Settlements, a global organization of central bankers, also said new technologies […]

5G technology to stimulate the banking r...

BY BUSINESS REPORTERZIMBABWE’s financial services industry has an opportunity to tap into the multi-billion dollar tech market if it leverages the new 5G network in its digitization drive to increase efficiency, promote financial inclusion and prevent fraud , said an industry expert. Managing Director of Global Renaissance Investments, Ngoni Dzirutwe, said with the mobile sector […]

Cambodia: economic recovery and investme...

The World Bank’s Board of Directors today approved a $50 million grant from IDA for the Tajikistan Disaster Preparedness and Resilience Project, which will invest in building the resilience of key infrastructure to disasters. natural hazards, in better mitigating climate-related risks and in strengthening national capacities in disaster risk management and adaptation to climate change. […]

Stocks fall as oil prices rise; banks, ...

Indian stocks fell on Tuesday, led by heavyweights banking and consumer goods, with a continued rise in crude oil futures further denting sentiment. As of 04:10 GMT, the blue chip NSE Nifty 50 index was down 0.34% at 17,061.15, while the benchmark S&P BSE Sensex slipped 0.38% to 57,076.89. Both indexes gained around 4% last […]

Investors are abandoning mutual funds be...

By AYOOLA OLAOLUWA Investors are dropping out of the Collective Investment Scheme (CIS), popularly known as mutual funds, on a daily basis due to the low rate of return recorded in some of the funds, Business Hallmark can reveal. The mad rush for the exit door comes just sixteen months after mutual funds became the […]

UK-based clearing and integrated banking...

ClearBank CEO Charles McManus | Image credit: ClearBank Based in London ClearBankthe UK’s largest next-generation integrated banking and clearing platform, announced on Monday that it has raised £175 million (nearly €208.41 million) in a new round of funding. The funding round was led by funds advised by Apax Digital, the growth equity arm of Apax. […]

Vccircle | Subscription

1 year Billed annually at 4699 ₹ 392 / month 2 years Billed annually at 6999 ₹ 292 / month 3 years Billed annually at 9399 ₹ 261 / month 1 year Billed annually at 6999 ₹ 583 / month 2 years Billed annually at 8799 ₹ 367 / month 3 years Billed annually at […]

Commercial Bank of Ceylon wants to expan...

The Sri Lanka-based Commercial Bank of Ceylon PLC (CBC) wants to expand SME (small and medium enterprise) lending in Bangladesh with an aim to migrate small businesses to corporate status. The bank that has focused on trade and finance will now strengthen retail banking amid rising spending power of consumers. CBC Bangladesh started its operation […]

Cross River Bank raises funds to expand ...

“Saturday Night Live” comedian Pete Davidson will no longer be heading to space on Blue Origin’s next flight, the company announced Thursday evening. Lia Thomas of the University of Pennsylvania became the first transgender athlete to win an NCAA Division I title after finishing first in the women’s 500-yard freestyle championship. ESPN reports. The world’s […]

Cash Management System Market Size, Scop...

New Jersey, United States,- the Cash Management System Market is carefully analyzed in the report with a focus on market dynamics including key issues and challenges, drivers, trends, and opportunities. The report includes an in-depth analysis of key market players to understand the utilization of the key strategies adopted in the Cash Management System market. […]

Americans suspend investments because of...

The ongoing Russian-Ukrainian war is hurting Americans’ financial outlook, sparking a desire to save more and postpone investments, according to a MassMutual survey. But avoiding stock market volatility can be a mistake, according to financial experts. Two-thirds of Americans fear the conflict will hurt their wallets, with nearly half keen to save more money and […]

Paytm Payments Bank: What an RBI order m...

All existing users of Paytm UPI, Paytm Wallet, Paytm FASTag and bank accounts can continue to use these instruments, including debit cards and online banking, for payments, according to One97 Communications. Paytm Payments Bank was incorporated in August 2016 and officially started operations in May 2017 from a branch in Noida. The Reserve Bank of […]

Why Special Situation Funds are Needed

Indian financial markets went through two crucial reforms earlier this year. SEBI came out with a dedicated regulatory framework for Special Situation Funds (SSF). And the RBI has approved the new dual structure bad bank, NARCL-IDRCL. These two reforms aim to address India’s bad debt problem. While the bad bank is an improved version of […]

PSX MD slams government for deterring in...

KARACHI: Pakistan Stock Exchange (PSX) chief executive Farrukh Khan on Tuesday criticized the government for giving disproportionate incentives to the property and construction sectors while discouraging investment in the capital markets. Speaking at a press conference, Mr Khan said the incentives given to the property and construction sectors amounted to hundreds of billions of rupees […]

Dinosaur Group Forms Independent Externa...

NEW YORK–(BUSINESS WIRE)–Dinosaur Group Holdings LLC (“Dinosaur”), parent company of Dinosaur Financial Group, LLC, a US-based institutional brokerage firm regulated by FINRA, and Dinosaur Merchant Bank Limited, a US-based international investment bank United Kingdom, announced the creation of its Independent External Financial Crime Compliance Advisory Council (the “FCC ADVISORY BOARD”) comprised of international FCC experts. […]

Lloyds Banking Group (NYSE:LYG) Price ta...

Lloyds Banking Group (NYSE: LYG – Get a rating) saw its price target reduced by stock analysts to JPMorgan Chase & Co. from GBX 63 ($0.83) to GBX 56 ($0.73) in a report released on Monday, Fly reports. Several other research analysts have also recently weighed in on LYG. Zacks Investment Research upgraded Lloyds Banking […]

Dock Opens Offices in Latin America Amid...

SÃO PAULO–(BUSINESS WIRE)–March 14, 2022– Dock, an innovator in fintech infrastructure in Latin America , today announced the launch of new regional offices and key growth milestones. The new offices are located in Mexico City, Mexico; Lima, Peru; Santiago, Chile; and Bogotá, Colombia. Dock is also setting up operations in Buenos Aires, Argentina, by the […]

Australian pension funds shun China over...

Australian pension funds are pulling out of Chinese stock markets amid fears that President Xi Jinping’s “common prosperity” policy has increased the risk of government interference in the private sector. Senior pensions executives told the Financial Times they fear that under the policy launched last year by Beijing in an effort to achieve a fairer […]

How will the war in Ukraine affect your ...

Experts say the way investors plan for retirement may need to change as the conflict in Ukraine alters the global economy. Richard Drew PA Russia’s invasion of Ukraine shook the global economy and panicked investors, prompting market pundits to reconsider their financial philosophies. Decades of relative harmony among the world’s greatest nations have fostered an […]

Tech-based lenders bet on banking syaria...

JAKARTA, March 13 (The Straits Times/ANN): New tech-based lenders are enthusiastically tapping bank syariah in Indonesia, betting on an underpenetrated market with a potential customer base of 45 million in a country with the largest population Muslim in the world. The rate of such banking in Indonesia is only 7%, dwarfed by 29% in Malaysia […]

Franklin Savings Bank welcomes Rangeley ...

James Eastlack Photo submitted FARMINGTON — James “Jamie” Eastlack recently joined the board of directors of Franklin Savings Bank. After longtime board member Richard Walker retired from the board at the end of last year, replacing the seat with a member of the Rangeley community was important to the board of directors, according to a […]

WV House Passes Bill That Would Allow Tr...

The country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]

Greenbank announces exit from investment...

TORONTO, ON/ACCESSWIRE/March 11, 2022 / GreenBank Capital Inc. (CSE:GBC) and (OTC PINK:GRNBF) and (FRA:2TL) (“GreenBank” or “the Company”) announces that it has exited its investments in three of its non-core portfolio companies – Reliable Stock Transfer Inc. (“Reliable”), Inside Bay Street Corporation (“Inside Bay Street”) and The Lonsdale Group (“Lonsdale Group”). GreenBank management believed that […]

People on the Move: March 11

People on the Move is an overview of recent hirings, promotions, appointments, and other notable moves by state professionals. If you would like to submit an application, please contact [email protected] Rita Landgraf | Photo courtesy of DBT President Joe Biden appointed Rita Landgraf for the Assistant Secretary for Aging at the US Department of Health […]

Rushcliffe council leader reassures resi...

The leader of Rushcliffe Borough Council reassured residents that the authority’s funds are unaffected by the ongoing conflict in Ukraine and Russia. Cllr Simon Robinson provided the update in light of the fact that some public sector organizations have made changes to their financial arrangements due to the existing situation in the countries. Cllr Robinson […]

Russia sanctions extend further to banki...

Sanctions against Russia extended further to banking and hospitality on Thursday as US Treasury Secretary Janet Yellen warned of new financial sanctions against Moscow for its invasion of Ukraine. Meanwhile, Russian President Vladimir Putin has warned that Western sanctions against his country will destabilize global energy and food markets, promising his country will emerge stronger […]

New Jersey Governor Signs Russia-Belarus...

New Jersey Governor Phil Murphy has signed into law a law that will ban certain government dealings with companies linked to Russia and Belarus and is calling on New Jersey’s $93.8 billion pension fund, Trenton, to cede certain investments in these countries. Mr Murphy signed the bill on Wednesday, moving quickly to impose sanctions on […]

UK hedge funds and Putin cash in as worl...

The result was fuel rationing, very high prices for energy products and a 55 mph speed limit. Today, things are about to get worse, for a period of much less severe political unrest. Everything is happening now as if the current conjuncture will blow the banks of the populations of the European and American continent, […]

Banking on women’s businesses to break d

March 8and, the world celebrates International Women’s Day. This year, the world is focused on marching to break down gender bias. However, as we enter the day, there are signs that celebrations should remain subdued as many women have recently suffered traumatic shocks to their economic circumstances, primarily due to COVID-19. Unfortunately, the industries that […]

Development Bank of Wales announces new ...

The Development Bank of Wales has appointed a new director to head its Technology Venture Investments (TVI) division. Duncan Gray succeeds Simon Thelwall-Jones who led the team from 2019 until December 2021. Mr. Gray was previously Deputy Fund Manager (Strategic Portfolio) within the TVI team. He is replaced by Mark Bowman who has been promoted […]

Enterprise Financial Services Corp Annou...

ST. LOUIS–(BUSINESS WIRE)–March 8, 2022– Enterprise Financial Services Corp (Nasdaq: EFSC) today announced the appointment of Stephen P. Marsh and Daniel A. Rodrigues as directors of Enterprise Financial Services Corp (the “Company”) effective March 8, 2022. Each of Messrs. Marsh and Rodrigues currently serve as directors of the Company’s wholly-owned subsidiary, Enterprise Bank & Trust […]

Business owner DeKalb creates NFT with l...

DeKALB – Two residents of the DeKalb area creates a non-fungible tokencommonly referred to as NFT, intended to help raise funds in support of those affected by the crisis in Ukraine following a Russian invasion. Matt Binder, owner of Lord Stanley’s and the Annex and World Famous Pizza in DeKalb, said he hopes to partner […]

What soaring gas and oil prices mean for...

RRising oil prices have given consumers more to worry about than just high gasoline prices. What does soaring oil prices mean for your investment portfolio? Brent crude oil – the international benchmark for oil prices – and US West Texas Intermediate crude oil futures both hit their highest prices since 2008 on Sunday. The price […]

Markets slide as soaring oil and gas pri...

The National Electricity Grid Operator (ESO) announces a greener and ‘pioneering’ way of generating inertia in the electricity grid, to make the UK less dependent on gas supplies, including those from Russia , writes my colleague Rob Davies. If all goes according to plan, it could also reduce carbon emissions, bring household bills under control […]

Help raise money for Baby Brody

BABY Brody Dean van der Schyff, born March 15, 2021, was admitted to Kingsway Hospital with neonatal sepsis and jaundice, four days after he was born. After three unsuccessful lumbar punctures, doctors managed to test the spinal canal fluid and the result came back positive for meningitis. READ ALSO : Amanzimtoti High raises funds for […]

Blocking of Mastercard and Visa in Russi...

Consumers will still be able to use Mastercard and Visa-branded cards for domestic transactions in Russia, the country’s state-backed payments network has said, reducing the impact of US companies’ decision to withdraw services following a the invasion of Ukraine. Russian payment system Mir said cardholders always be able to access their fundsmake domestic withdrawals and […]

How Honeywell Group Limited (HGL) is mak...

What could have been Nigeria was expected to be the fastest growing hospitality market with an expected compound annual increase of 12% from 2019 to 2023 according to a PwC projection. At the start of 2020 however, the COVID-19 pandemic spread globally and the tourism industry was one of the hardest hit. Globally, the tourism […]

Business people – March 5, 2022 | Bisma

Agency adds sales specialist Roy Eisenbraun was hired as a sales specialist for the Shane Splonskowski agency at American Family Insurance. He comes to American Family with previous customer service experience as a trainer and former first responder at Metro Area Ambulance as well as a veteran of the North Dakota National Guard. Hiring from […]

Amundi US Declares Monthly Distributions...

BOSTON–(BUSINESS WIRE)–March 4, 2022– Amundi US today announces the declaration of dividends for six Pioneer closed-end funds for March 2022. Ex-Date: March 16, 2022 Registration Date : March 17, 2022 Payable: March 31, 2022 (HNW, PHD, PHT, MHI, MIO) Payable: April 1, 2022 (MAV) Teleprinter Taxable funds Distribution Per share Change The preceding month HNW […]

I still plan to retire at 65 and am bett...

I don’t want the government telling me when I can retire, and I think by investing in UK stocks I can take the decision into my own hands. I count on the FTSE100 and FTSE250 to build the wealth I need to stop working at a time of my choosing. The legal retirement age is […]

MOSERS votes to stop Russian investments

JEFFERSON CITY — Missouri’s state workers’ retirement program will sell off its Russian holdings and cease all business with the country, its board of directors decided Thursday. The board of directors of the Missouri State Employees Retirement System (MOSERS) convened for a special meeting Thursday afternoon, with the only item on the agenda being its […]

Midwest Bank Partners with Lendsmart to ...

NEW YORK–(BUSINESS WIRE)–March 3, 2022– Midwest Bank, a locally owned community bank that provides loans, mortgages, financial planning and investment services throughout central Illinois, chose Lendsmart, an AI-powered digital lending platform, to improve its digital home buying and lending operations. This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20220303006078/en/ Midwest Bank Selects […]

These mutual funds are invested in Russi...

pfb1 / Getty Images Russia has been hit with numerous economic sanctions since its invasion of Ukraine, driving the country’s currency to historic lows and putting investments with high Russian exposure at risk. If some of your investments have a high exposure to Russia, including mutual funds, now might be a good time to consider […]

Tijoree Launches Smart & Gamified Bankin

Tijorée simplifies payments and offers teens a convenient way to develop good financial habits. Tijoree’s market simulator and integrated learning platform empowers teens with financial literacy. by Tijoree Pre-order phase has begun, where parents and teenagers can pre-order their 100% recycled card. Tijorée is a product at the intersection of fintech and ed-tech that aims […]

Local lawmakers say investments with Rus...

JAMESTOWN — Local lawmakers say it’s a little troubling that $44 million of North Dakota state investments have ties to Russia, including $8.5 million from the state’s Legacy Fund. The Legacy Fund is owned by North Dakotans, and the Legislature and citizens of the state should dictate how investments are made, said Rep. Bernie Satrom, […]

US concerned about ‘abuses’ of Lebanese

A U.S. Treasury delegation has urged Lebanese authorities to open investigations into what it described as abuses within Lebanon’s banking system by members of the political and economic elite, the U.S. Treasury said on Wednesday. The unusually candid statement released after a three-day visit to Beirut by a high-level delegation did not specify which members […]

Why Nigeria, Others’ Sovereign Debt Dist

Due to the increase in public debt held by Nigeria and other emerging economies, the IMF has warned that the sovereign debt crisis could spread to banks, pension funds, households and others. segments of the national economy. This was revealed by the International Monetary Fund in a report titled “SHEDDING LIGHT ON DEBT” According to […]

Should value investors buy Lloyds Bankin...

OWhile Zacks’ proven rankings emphasize earnings estimates and revisions to estimates to find strong stocks, we also know that investors tend to develop their own individual strategies. With that in mind, we always look at value, growth and momentum trends to uncover great companies. Looking at the history of these trends, perhaps none is more […]

The Small Business Business Case for Act...

During the pandemic, the perspective of many small and medium-sized business (SME) owners has changed. Many small businesses may have kept their roots in physical operations and then moved online. Robert Clarkson, chief revenue officer at Payoneer, told Karen Webster of PYMNTS that there has been a shift in how small businesses, even sole proprietorships, […]