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IDFC FIRST Bank pledges funds for social...

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

EBRD-led consortium acquires Egyptian no...

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

CION Investments, Man Group and iCapital...

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

Business news, strategy, finance and bus...

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

Are You Ready To Buy An Investment Prope...

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

EU mulls more funds for eastern states a...

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

Are you interested in investment banking...

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

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

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

CRB ratings freeze hurts personal loans,...

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

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

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

Young joins GOP colleagues in proposing ...

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

New scandal rocks mutual fund industry, ...

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

Bank of America, JPMorgan and Goldman co...

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

DMK’s One Year Rule: Investments Worth N

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

Cholamandalam Investments Q4 PAT jumps 1...

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

ANALYSIS-Banks face reversal of fortunes...

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

fi: Neobank Fi makes foray into financia...

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

Cambridge Wilkinson Investment Banking c...

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

Super funds ready to lend to hotel inves...

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

The perfect culprit: crypto or the terro...

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

Positive earnings, banks push European s...

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

Dallas may require banks vying for city ...

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

Rebellious Digital Banking Pioneers Leve...

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

Housing investment at risk as Build Back...

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

First Internet Bancorp Announces Termina...

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

New banks, fake banks and dubious bankin...

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