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Five Key Accounting Rules for Small Busi...

Accountant at his desk working with a calculator. (Photo by Dafydd Owen/Construction … [+] Photography/Avalon/Getty Images) Getty Images Bookkeeping is probably the last thing small business owners want to do. However, recording financial transactions is essential for the stability of a small business. “It is essential that businesses have an accounting process in place, whether […]

SBP injects Rs3.565tn into the banking s...

KARACHI: The State Bank of Pakistan (SBP) on Friday injected a massive 3.565 billion rupees over a seven-day period at 12.30% through a reverse repurchase agreement, as liquidity was distorted on the Money Market. The SBP separately also conducted a Sharia-based open market operation (OMO) on the same day, injecting Rs 526 billion for seven […]

Americans are ditching savings for retir...

Geber86 / iStock.com The combination of high inflation and lingering economic fears related to the COVID-19 pandemic could push more Americans to pay down debt and save for emergencies instead of building up retirement nest eggs, according to a recent survey by the First National Bank of Omaha (FNBO). Discover: 10 reasons why you should […]

International Hotel Investments plc: IHI...

Annual report and financial statements prepared in accordance with International Financial Reporting Standards IHI Magyarorszag Zrt. Year ended December 31, 2021 IHI Magyarorszag Zrt. 1 Annual report and financial statements Year ended December 31, 2021 Content Content 1 Directors’ report 2-3 independent auditor report 4-7 Statement of comprehensive income 8 Statement of financial position 9 […]

investment banking: JM Financial appoint...

JM Financial has elevated one of its most senior executives, Sonia Dasgupta, to the post of managing director of the Mumbai-based company’s investment banking business. In this new role, she will lead strategic initiatives and accelerate business growth, JM Financial said in a statement. “Sonia is a seasoned investment banking professional with an outstanding track […]

New economic analysis finds misplaced re...

Correspondent banking regulations between the United States and Mexico have become inefficient, misplaced, and economically harmful Tweet that Correspondent banking is the provision of services by a financial institution to another financial institution, including its subsidiaries, in different countries. A correspondent bank acts as an intermediary or agent, facilitating banking services on behalf of another […]

Nigerian Telecom Sector Viable for More ...

Data consumption levels for internet connectivity and financial transactions are putting increasing pressure on the telecommunications infrastructure in Nigeria. The growing adoption of smartphones, coupled with the growing demand for high-speed internet, is a challenge for operators to rethink their operations, as it provides business opportunities for existing and new investors. Absa, one of the […]

AMP exits private markets business focus...

The logo of AMP Ltd, Australia’s largest retail wealth manager, adorns its headquarters in central Sydney, Australia May 5, 2017. REUTERS/David Gray Join now for FREE unlimited access to Reuters.com Register Sells AMP Capital’s international infrastructure investment business AMP Capital valued at AU$2.04 billion Return net proceeds in cash via return of capital, redemptions April […]

Cabinet approves additional funds of ₹82

The Cabinet also granted approval in principle for a future cash injection of up to ₹500 crore to meet regulatory requirements and technology upgrade The Cabinet also granted approval in principle for a future cash injection of up to ₹500 crore to meet regulatory requirements and technology upgrade The Union Cabinet on Wednesday approved additional […]

Will green bonds exceed $1,000,000 this ...

The size of the green bond market will surpass $1 trillion by the end of this year, according to NN Investment Partners (NN IP). The asset management group – recently acquired by Goldman Sachs – said recent European Union regulations had encouraged a significant shift towards investments aimed at achieving net zero goals and tackling […]

Fidelity Investments provides options fo...

Fidelity Investments plans to allow investors to set up a bitcoin account in their 401(k)s, the first major retirement plan provider to do so. Employees won’t be able to start adding cryptocurrency to their nest egg right away, but later this year the 23,000 companies that use Fidelity to administer their retirement plans will have […]

Can ICICI Bank dethrone HDFC Bank as the...

The two giants of the banking space – ICICI Bank and HDFC Bank – are fighting to stay in the number one position. Quarter after quarter, ICICI Bank threatened the management of HDFC Bank, the former announcing steady growth in profits. Even in the March quarter, ICICI Bank’s earnings beat market estimates while […]

Scammers spoof credit unions to steal fu...

Email security provider Avanan revealed in a report on Thursday that a new phishing campaign is exploiting credit unions to steal money and data. According to research by Avanan, phishing emails are disguised as legitimate messages from leading companies/companies. They are sent to trick the recipient into sharing the impersonated company’s login credentials and sensitive […]

Games that foreign banks want to play in...

They are unwilling to explore the mass market, fighting with local banks. The new target is the cream of the retail trade, which has grown at a speed never seen before TopicsForeign banks | BS Notice In March, just a week before Citibank India announced the sale of its consumer assets to Axis […]

Taiwan’s Cathay United Bank Goes Live wi

Taiwan’s Cathay United Bank has implemented Avaloq’s core banking solution. The bank has deployed the Avaloq Core platform The Swiss provider says its Avaloq core platform will support the bank’s continued growth as it seeks to meet growing demand for private banking from high net worth individuals in Taiwan. Avaloq’s managing director for North Asia, […]

Double Peak Group – A family office focu

Double Peak Group – Co-founded by Galen Law-Kun who has been in the crypto business for a long time, the company is way ahead of its time. As Web 3 has launched its offerings, the world has become familiar with many never-before-seen technological advancements, including the introduction of digital assets. Cryptocurrencies and NFTs have caught […]

Mutual Funds: Adjustment AMC Managers Ne...

Investing in mutual funds: Banking and IT stocks have always remained one of the favorite segments of the fund managers of Asset Management Company (AMC). This has led to higher returns from post-Covid mutual fund plans, as a good number of IT and banking stocks have managed to generate alpha returns in the post-Covid rally. […]

The Cbdt notifies certain investments in...

NEW DELHI : The Central Board of Direct Taxation (CBDT) has notified an amendment to the income tax rules granting a tax benefit to investments by licensed payment service providers in Open Network for Digital Commerce Ltd., a non-profit company profit promoting e-commerce. According to data available from RBI, more than 60 entities have been […]

Lebanese banking group rejects latest dr...

BEIRUT (Reuters) – The Association of Banks in Lebanon said on Saturday it “totally rejects” the government’s latest draft financial recovery plan intended to pull the country out of economic collapse. In a statement shared with Reuters, the ABL called the plan “disastrous” and said it would leave banks and depositors to bear the “major […]

Banks put more excess funds into commerc...

Commercial paper rates have jumped about 15 to 20 basis points in about ten days, reducing the amount of funds banks store with and increasing working capital lending from commercial banks. Commercial papers (CP) are shorter duration debt securities typically issued by corporations with maturities of up to one year. One basis point is 0.01 […]

CFPB, New York AG sues MoneyGram

The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James filed a civil lawsuit on Thursday against money transfer service provider MoneyGram International, alleging the company repeatedly violated consumer financial protection laws. The lawsuit claims the money transfer company blocked customers when it failed to quickly deliver funds to overseas recipients. MoneyGram’s […]

Zacks.com presented highlights East West...

For immediate release Chicago, IL – April 21, 2022 – The stocks in this week’s article are East West Bancorp EWBC, SEI Investments Co. SEIC, Automatic Data Processing ADP and CDW Corp. CDW. Add These 4 GARP Stocks to Your Portfolio for Maximum Return If you are looking for a profitable stock portfolio that will […]

What are Swiss banks and how do they wor...

The first Swiss laws protecting customer identities were codified in 1713 AD by authorities in Geneva – a city that by then had become a haven for the wealth of French royalty and European elites. Since then, the notion of secrecy has always been at the center of all banking […]

Province Commits Funding for Supportive ...

THE Manitoba government will fund eight supportive housing units for reuniting parents with children in the care of Child and Family Services. Want to get a head start on your day? Get the day’s latest news, weather forecasts and more delivered straight to your inbox every morning of the week. Join Head Start The units […]

Meridian Corp. : Dependence on mortgage...

courtneyk/E+ via Getty Images Meridian Company (NASDAQ: MRBK) is highly dependent on mortgage bank income; therefore, the normalization of mortgage refinancing activity this year will significantly hurt earnings. On the other hand, loan growth, excluding Paycheck Protection Program loans, will support the bottom line. Overall I expect Meridian Corporation to report earnings of $3.94 per […]

Minister Alghabra announces investments ...

CALGARY, Alta., April 19, 2022 /CNW/ – By Budget 2022: A plan to grow our economy and make life more affordable, the government of Canada makes targeted and responsible investments to create good jobs, grow our economy and build a Canada where no one is left behind. Today the Minister of Transport, the Honorable Omar […]

Stocks to watch: Mindtree, ACC, L&T Info

Markets are expected to start Tuesday’s session on a dismal note amid weak global sentiment. As of 7:30 a.m., SGX Nifty futures were trading at 17,251 levels, about 20 points lower than their previous close. In the meantime, here are a few stocks that could see action in the market today: […]

Digital Funds seeks to launch a tokenize...

Registered digital securities will become ‘the new de facto digital marketplace’, says Digital Funds founder WisdomTree filed last year to launch a short-term digital cash fund that would secondarily register its shares on one or more blockchains A newly created digital asset manager that filed its first ETF last month is looking to bring another […]

Risks for the Saudi banking sector to re...

Despite prospects for rapid expansion over the next 12 to 24 months, risks to the stability of the banking system in the Kingdom of Saudi Arabia (Saudi Arabia) will remain contained, S&P Global Ratings said. “We expect the improvement in Saudi Arabia’s GDP growth and fiscal trajectory to continue, linked to the country’s exit from […]

Central Maine Business Records: Hight Fo...

SKOWHEGAN – Hight Ford has received two of Ford Motor Co.’s highest awards for the third consecutive year. The dealership received the President’s Award and the One Ford Elite Award for 2021, according to a press release from the dealership. Hight won both awards in 2019 and 2020, and the President’s Award in 2016. The […]

How to invest in small cap funds

Kirtan Shah: Ideally, if you look at risk return data points, the answer to this question is very simple. If you allocate an equal proportion to a large, mid and small cap versus a multicap or a flexicap, you will see that on a risk-return basis, the large, mid and small cap provided a much […]

Cybercriminals do their homework for the...

A new social engineering scam is doing the rounds, and this one is particularly insidious: tricking users into sending money to what they think is their own account to reverse a fraudulent charge. The FBI’s Internet Crime Complaint Center released the warning, which she claims involves cybercriminals who have definitely done their homework. “In addition […]

Biden nominates candidate for Fed vice c...

President Joe Biden said Friday that he intends to nominate Michael S. Barr as the Federal Reserve’s Vice Chairman for Oversight. Mr. Barr, a law professor at the University of Michigan, served as Assistant Secretary of the Treasury Department for Financial Institutions in the Obama administration and was a key architect of the Dodd-Frank Reform […]

Nigeria’s banking sector attracts $15.7

The Nigerian banking sector is one of the viable destinations for foreign investors in the country as it has attracted over $15.7 billion in foreign investment over the past 5 years, which is one of the sectors most attractive in the Nigerian economy. This is based on an analysis carried out by Nairalytics, the research […]

New York senator introduces cannabis ban...

Leading up to 4/20, new cannabis products hit the market for an enthusiastic and growing consumer base. This includes intriguing new entrants in all product categories, but also new products delivery methods, like the new refillable glass prerollers from Helmand Valley Growers Co. in California. Think of this new product line as a prepackaged version […]

Oklahoma City’s first banking center ope

OKLAHOMA CITY, Okla.–(BUSINESS WIRE)–Gateway First Bank will host a ribbon-cutting ceremony for the company’s first banking center in Oklahoma City on Wednesday, April 13 at 10:00 a.m. Located at 6303 Waterford Boulevard, Suite 100, the bank is at the intersection of NW 63rd and Pennsylvania Avenue in Oklahoma City. The day’s events include a live […]

Voyager Innovations Secures $210M in New...

Voyager Innovations (Voyager), the fintech arm of integrated telecommunications company PLDT, $210 million in new funding, boosting Voyager’s valuation to unicorn-plus status at nearly $1.4 billion. Voyager operates the electronic wallet PayMaya and the neobank Maya Bank. Leading the round is new investor SIG Venture Capital, the Asian venture capital arm of SIG. Other new […]

FHFA Suspends Foreclosure for Borrowers ...

United States: FHFA suspends foreclosure for borrowers seeking HAF assistance April 11, 2022 Mayer Brown To print this article, all you need to do is be registered or log in to Mondaq.com. On April 6, 2022, the Federal Housing Finance Agency (“FHFA”) announcement that Fannie Mae and Freddie Mac will […]

Public Employees Union cuts Belize Bank ...

Views : 134 Posted: Sunday, April 10, 2022. 11:18 a.m. CST. By Aaron Humes: The Public Service Union (PSU) announced the withdrawal of union accounts from Belize Bank Limited after meeting with various financial institutions and sharing information with members, which resulted in a vote by its Board of Management. The PSU says […]

5 investments worth P120b get DOF incent...

The reconstituted Tax Incentives Review Board, chaired by Finance Secretary Carlos Dominguez III, approved in 2021 the granting of tax incentives to five expensive projects with a combined investment capital of 119.5 billion pesos. Deputy Finance Secretary Juvy Danofrata, who heads the FIRB Secretariat, said the five projects receiving tax incentives by the FIRB came […]

Bank-owned mutual funds have an edge ove...

Express press service BENGALURU: In a bid to serve more customers and meet all their financial needs, banks are launching or partnering/acquiring asset management companies (AMCs) and insurance subsidiaries. Recently, Bandhan Financial Holdings Limited (BFHL), investment companies GIC and ChrysCapital signed an agreement with IDFC Limited to acquire its AMC and also IDFC AMC Trustee […]

Business in Brief, April 9, 2022 | News

2 local farming families honored with the Hoosier Homestead Award INDIANAPOLIS — At the Indiana Statehouse last week, Lt. Gov. Suzanne Crouch and Indiana State Department of Agriculture (ISDA) Director Bruce Kettler presented to 69 families, including two families communities, a Hoosier Homestead Award in recognition of their commitment to Indiana agriculture. . “I always […]

Notable commercial banking executives: M...

In 2021, Margaret Capper partnered with the Southeastern Wisconsin Latin American Chamber of Commerce to create a revolving loan fund that helps Latin American businesses borrow funds to start and grow their businesses. The loan fund allows entrepreneurs to borrow under the revolving loan program to advance their business goals. Capper, who is senior vice […]

Banking and financial fraud lawyers Giam...

UK: Banking and financial fraud lawyers Giambrone & Partners are recovering £25,000 for customers defrauded through a watchdog. April 08, 2022 Giambrone & Partners To print this article, all you need to do is be registered or log in to Mondaq.com. The latest report from Victims Commissioner states more than […]

Italy reduces impact on growth of recove...

By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Italy has cut its estimates of the impact on economic growth of European Union funds and reforms linked to its stimulus package, a Treasury document released on Friday, saying the money will be spent more slowly. Italy is eligible for more than 200 billion euros ($216.82 […]

Scirocco announces progress in its inves...

Scirocco Energy informed the market on Friday of its oil and gas operations in Tanzania, indicating that operations were progressing on the Ruvuma PSA, where it holds a non-operated 25% stake. The AIM-listed company said the seismic acquisition program and preparations for drilling the Chikumbi-1 (CH-1) well were underway, led by operator ARA Petroleum Tanzania […]

Dollars from bond sales, BSP investments...

MANILA, Philippines — The Philippines’ buffer funds rose in March on proceeds from the government’s recent global bond offering and Bangko Sentral ng Pilipinas’ earnings from its overseas investments. What’s new The Philippines’ gross international reserves stood at $108.54 billion in March, down from $107.8 billion in February, the BSP reported on Friday. The central […]

PT Freeport Indonesia values ​​$3.0 bill

Jakarta, Indonesia–(BUSINESS WIRE)–PT Freeport Indonesia (“PT-FI” or the “Company”) today announced that it has priced an offering (the “Note Offering”) of $3.0 billion of senior notes (collectively, the ” Tickets “). Here is a summary of the three tranches of debt: The description Rising (in millions) Maturity 4.763% Senior Notes $750.0 Due April 14, 2027 […]

IT rules changed to allow infra debt fun...

The income tax department changed the rules to allow infrastructure debt funds and NBFCs to issue zero-coupon bonds. Experts say such an amendment will help mobilize resources in a fiscally efficient manner. A new notification added the word “infrastructure debt fund” as well as infrastructure company and public sector company. Accordingly, the infrastructure debt fund […]

Today’s SEC Review Priorities, Tomorrow’

To print this article, all you need to do is be registered or log in to Mondaq.com. To complement a series of quarter-end announcements from the U.S. Securities and Exchange Commission (SEC), the Examinations Division (Examinations) announcement its review priorities for 2022 on March 30, 2022. These priorities reflect SEC Chairman Gary Gensler’s stated view […]

Biden announces 2 SEC nominees

President Joe Biden on Wednesday announced plans to appoint two people to the Securities and Exchange Commission. Jaime Lizarraga, senior adviser to House Speaker Nancy Pelosi, D-California, and Mark T. Uyeda, a career SEC attorney currently in detail with the Senate Banking Committee where he is a staff securities adviser minority committee, will be appointed […]

20 for the Next 20 2021: Where are they ...

Last year’s cohort includes an Olympic gold medalist and someone who worked two jobs and has since added a third. From left to right: Khara Jabole-Carolus, Carissa Moore, Vincent Kimura, Kuhio Lewis Sondra Leiggi Brandon Then and now: Director of Behavioral Health, Queen’s Health Systems Khara Jabola Carolus Then and now: Executive Director, Hawaii State […]

Crypto funds post net inflows for second...

CoinShares’ weekly cryptocurrency fund flow survey shows that total digital asset investment inflows reached $180 million last week. The asset manager writes that the reporting of some late trades also pushed the previous week’s inflows up from $193 million to $244 million. The renewed inflow suggests that recent headwinds for digital assets, such as significant […]

Caprice Finance (CFT), Firepin (FRPN) an...

Japan, Japan, Tue, 05 Apr 2022 13:00:24 / Comserve Inc. / — As more cryptocurrencies join the metaverse every day, it is worth researching new cryptos to invest in and which are very promising the Internet 3.0 The digital environment of the metaverse is growing, and so are the capabilities of what can be done […]

Crédit Agricole’s commercial strategy is

Walie El-Din Lotfy, deputy general manager for the corporate sector at Credit Agricole Egypt, said the bank’s business strategy is in line with the Egyptian government’s objectives. In an exclusive interview with Daily News Egypt, Lotfy said the bank mainly directs funding to sectors that the Egyptian state needs and aims to develop. The bank […]

Angel Oak Capital Advisors Closed-End Fu...

ATLANTA–(BUSINESS WIRE)–April 4, 2022– The Boards of Directors of Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) and Angel Oak Dynamic Financial Strategies Income Term Trust (NYSE: DYFN) have approved a proposed reorganization of DYFN with and into FINS. The reorganization is intended to provide potential benefits to shareholders, including reduced operating expenses and […]

Zopa Bank achieves profitability within ...

Zopa Bank achieves profitability within 21 months of obtaining its full banking license with a potential IPO on the cards later in the year Zopa Bank only obtained a full banking license in the summer of 2020 Before entering the banking sector, the group pioneered loans between individuals A recent £220m fundraise secured the company […]

Hi-tech investments by Israeli instituti...

JERUSALEM (Reuters) – Israeli institutions invested $900 million in the country’s high-tech sector in 2021, a five-fold jump from 2020, the Israel Innovation Authority said on Monday. The rise came after the authority in 2020 sought to encourage more institutional investment in the country’s robust tech industry, which is a key engine of economic growth […]

Taliban ban drug cultivation, including ...

KABUL/PESHAWAR: The Taliban announced on Sunday a ban on the cultivation of narcotics in Afghanistan, the world’s largest producer of opium. “In accordance with the decree of the supreme leader of the Islamic emirate of Afghanistan, all Afghans are informed that henceforth poppy cultivation is strictly prohibited throughout the country,” according to an order from […]

Banking director urges prudent financial...

Ms. Ramat Ebella Ellis, Banking Executive called on African financial systems to integrate large players in the informal sector in the development of financial investment portfolios as a means of lifting people out of poverty. Ms. Ellis, an investment adviser at the Center for Greater Impact in Africa (CGIA), told Ghanaian news agency Tema Industrial […]

Stanbic IBTC describes N83 billion uncla...

By Aduragbemi Omiyale Stanbic IBTC Bank Plc management has reacted to reports that it has N83 billion in unclaimed funds in its possession, describing it as misleading and not representing the facts. The House of Representatives is looking into claims that around N1.2 trillion in unclaimed funds are sitting in some commercial banks across the […]

Kickstart Ventures celebrates a decade o...

Metro Manila (CNN Philippines) — Kickstart Ventures, one of the most active venture capital firms in the Philippines, celebrates its 10th anniversary with a renewed commitment to investing in startups across the country and beyond. When Kickstart was established in 2012, the Philippine startup ecosystem was in its infancy. This inspired founders Minette Navarrete, Dan […]

M&T Bank Corporation Completes Acquisiti

Combined Company Creates $200 Billion Banking Franchise Serving Northeast and Mid-Atlantic Communities from Maine to Virginia and Washington, D.C. Systems conversion is expected to take place in the third quarter of 2022 BUFFALO, NY, April 2, 2022 /PRNewswire/ — M&T Bank Corporation (NYSE: MTB) (“M&T”) today announced the successful completion of M&T’s acquisition of People’s […]

Stanbic IBTC responds to ‘N1.2trn Unclai

Stanbic IBTC Bank Plc reacted to news making the rounds in which it was alleged that the House of Representatives (HoR) ad hoc committee on the recovery of “unclaimed funds”, asked “Stanbic IBTC, first bank to hand over 97 billion naira to the government”N1.2trn Unclaimed funds. In a statement on Friday, the Bank said its […]

What are the banking implications?

What is authorized push payment fraud? Authorized push payment fraud, or APP fraud as it is often called, is a common type of fraud that occurs when the fraudster tricks the unwitting victim into asking their bank to often transfer large sums of money under false pretenses on the fraudster’s account. . The fraudster will […]

Space for public investment must be guar...

WILLEMSTAD, PHILIPSBURG – “Without a doubt, fiscal consolidation is necessary to put the public finances of Curaçao and Sint Maarten on a sustainable path and to create fiscal space to deal with any future adverse economic shocks. However, fiscal consolidation must be carried out in a gradual and structural way so as not to inhibit […]

SBI Customers ALERT! Internet Banking, ...

New Delhi: Customers of State Bank of India (SBI) will not be able to avail internet banking services, YONO, YONO Lite, YONO Business, UPI from 1:00 p.m. to 4:30 p.m. today due to annual closing activities. Every year, April 1st marks the start of a new financial year, and banks usually carry out such account […]