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Affordable, low-risk investments in just...

The Overseas Filipino Bank (OFBank) offers Filipinos and their families at home and abroad an easier and more convenient way to invest through its mobile banking app. In 2020, the country’s first digital-only agencyless bank began offering Premyo2 Treasury Bureau Bonds (BTr), Retail Treasury Bonds (RTB) and Retail Dollar Bonds (RDB), in accordance with the […]

Britannia expands prime brokerage busine...

FCA-regulated broker Britannia Global Markets Limited (formerly Destek Markets) has expanded its primary brokerage service to include CFD trading on currencies, indices and commodities. The expanded offering will be supported by financial services technology platforms including Lucera, PrimeXM, MetaQuotes and MaxxTrader. It comes just a year after Britannia launched its own prime brokerage unit in […]

Crypto Markets Slump As Funds Drained Fr...

Cryptocurrency prices have plummeted in the ongoing crisis triggered by the fall of Sam Bankman-Fried’s once mighty FTX empire. The biggest Bitcoin token lost as much as 4.7% to $15,485 on Monday, the least since November 2020. Second-tier Ether is around 5% lower. The Meme Dogecoin token — a gauge of the most speculative sentiment […]

Fintech banking app Dave wants to dispel...

Mobile banking application provider David has enough cash to survive the current fintech downturn and reach profitability a year from now, CEO says Jason Wilck. The Los Angeles-based company has been caught in the waves that have rocked the money-losing growth business world this year after went public in January. But Dave is not capsizing, […]

The Future of Crypto Is in the Regulated...

After reaching all-time highs in 2021, cryptocurrency prices have not found a permanent bottom. And the appeal of crypto’s promise to reinvent money has also reached its limit with a very niche audience. To appeal to a wider, more mainstream user base, proponents of the new technology will need to completely overhaul the way they […]

Lagarde warns ECB could do more than wit...

FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde warned on Friday that the bank may have to raise interest rates beyond simply withdrawing stimulus and into territory that could dampen growth. as the bank struggles to control record inflation in the 19 countries that use the euro. “We plan to raise rates further, […]

Dodge & Cox Funds Appoints New Independe

SAN FRANCISCO, November 17, 2022 /PRNewswire/ — Dodge & Cox today announced the appointment of Shawn N. Purvis as an Independent Trustee of the Board of Directors of Dodge & Cox Funds. In addition, independent trustees John Taylor and Robert Morris will leave the board of directors on December 31, 2022 after 21 and 11 […]

Community Banking at Community Building ...

JPMorgan Chase continues to strengthen its workforce representation among people of color. (File photo) As the calendar turns to fall and the holiday season, it’s time to spend time with your family to create unforgettable memories. With the summer holidays, we are reminded of the freedom of our country and the work that remains to […]

EU regulators seek comments on greenwash...

European financial regulators on Tuesday appealed to stakeholders to help them better understand the characteristics, drivers and risks of greenwashing, and to identify potential greenwashing practices. The call for evidence was launched by the European Union’s European Supervisory Authorities, made up of the European Banking Authority and the European Securities and Markets Authority in Paris […]

Forbright Bank finances two solar parks ...

CHEVY CHASE, Maryland–(BUSINESS WIRE)–Forbright Bank, a full-service national bank helping to accelerate the transition to a clean energy economy, has successfully raised and syndicated credit facilities for Infinigen Renewables, a subsidiary of ArcLight Energy Partners Fund VII, LP, (together with its affiliates, “ArcLight”). Infinigen owns and operates two solar parks in Puerto Rico – Oriana […]

Lessons will be learned from pension fun...

Lessons will be learned from the shock suffered by pension funds during recent market volatility, according to the boss of a regulator. Charles Counsell, chief executive of the Pensions Regulator (TPR), said the speed at which bond yields rose in a short period was beyond what was thought “reasonably plausible”. Earlier this fall, the Bank […]

KB Securities, Subsidiary of Korea’s Lar

KB Securities, Subsidiary of Korea’s Largest Banking Group, Takes Stake in ADDX as Part of US$20 Million Raise to Pre-Series B Global Private Market Exchange ADDX raised approximately US$20 million in fresh capital from new and existing shareholders. KB Securities, a subsidiary of Korea’s largest banking group KB Financial Group (KBFG), led this latest investment, […]

Delaware Investments National Municipal ...

Today, Delaware Investments National Municipal Income Fund (the “Fund”), a US closed-end fund listed on the NYSE and trading under the symbol “VFL”, filed with the Securities and Exchange Commission a notice of intention to redeem up to 1,350 shares of all one or more series of outstanding Muni-MultiMode preferred shares of the Fund (the […]

Global BPO Business Analytics Market Siz...

New York, U.S., Nov. 14, 2022 (GLOBE NEWSWIRE) — The Global BPO Business Analytics Market Size was valued at USD 16.8 Billion in 2021, the market is expected to grow by USD 71.60 Billion in 2030, at a CAGR of 22.06%. BPO business analytics, which is a subset of data management and business intelligence solution, […]

Access Holdings Leads Others in Interest...

Nigeria’s largest company by assets, Access Holdings Plc, leads the pack with the highest interest income of N497.47 billion in the nine months ending September 30, 2022, among players estimated level 1 of the banking sector. The leading financial services institution also topped in online banking revenue among its peers in the league of Tier […]

Inflows into equity mutual funds continu...

According to AMFI data, collection as a whole mutual fund the market amounted to ₹14,046.98 crore in October 2022. Meanwhile, the net assets under management (AUM) reached approximately ₹39,50,323.28 crores as of October 31, 2022. Collection in UCITS market were driven by steady inflows into equity-based schemes and a slowdown in outflows from debt-related instruments. […]

Silvergate Provides Statement on FTX Exp...

LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE:SI), the leading provider of innovative financial infrastructure solutions for the digital asset industry, today issued the following statement regarding its exposure to FTX and its related entities (“FTX”): “In light of recent developments, I want to provide an update on Silvergate’s exposure to FTX. […]

Global Network Engineering Services Mark...

DUBLIN–(BUSINESS WIRE)–The “Network Engineering Services Market by Service Type (Network Assessment, Network Design, Network Deployment), Transmission Mode (Wired, Wireless), Organization Size (large enterprises, SMEs), vertical and regional – Global forecast to 2027” report has been added to from ResearchAndMarkets.com offer. The global network engineering services market is expected to grow from USD 48.7 Billion in […]

Telangana ED Raids: Questionable Funds F...

Illegal funds sent by a Chinese entity, owned by a man named in the leaked Panama Papers, to Telangana-based granite companies were uncovered after the premises of a number of granite exporters, including that of the Minister Social Affairs Gangula Kamalakar, were raided, the ED claimed on Friday. The federal agency launched the searches, […]

SM Investments maintains its growth mome...

THE CITY OF PASAY, Philippines, November 10, 2022 /PRNewswire/ — SM Investments Corporation reported consolidated net income of PHP42.9 billion from January to September, 50% higher from PHP28.6 billion at the same time last year. (PRNewsfoto/SM Investments Corporation) Consolidated sales increased by 31% to PHP381.9 billion in the first nine months of PHP292.6 billion at […]

HSBC Asset Management announces results ...

Vancouver, British Columbia–(BUSINESS WIRE)–HSBC Global Asset Management (Canada) Limited (“AMCA”), manager of HSBC Mutual Funds, today announced that investors have approved changes to the investment objectives of the HSBC BRIC Equity Fund ( “the Fund”) at a special meeting of unitholders held earlier today. In order to reflect changes in the investment objectives, on or […]

Newcastle United owners are pumping extr...

Newcastle United have received a major cash boost after their investors injected additional capital into the club. The Magpies have promised new investment moving forward as they seek to rebuild the club after years of decline under Mike Ashley. A statement from United read: “The ownership group, made up of PIF, PCP Capital Partners and […]

You will be surprised which one consumes...

By CNBCTV18.com 09/11/2022 at 06:41 IST (Released) Recent studies have shown that while Bitcoin has massive environmental implications, traditional banking and gold mining give the digital currency a good run. In fact, the former is said to consume at least twice as much energy per year. Over the past few years, proof-of-work (PoW) cryptocurrencies such […]

Company backed by Betsy and Daniel Cohen...

Cohen’s Circle New York, Nov. 08, 2022 (GLOBE NEWSWIRE) — FinTech pioneers and founders of The Bancorp, mother-son duo Betsy and Daniel Cohen, today announced that they are consolidating the public investment business , private and venture capital of their company under a new name – Cohen’s Circle. Formerly known as FinTech Masala, the name […]

This ASX fintech just got a banking lice...

Image source: Getty Images The Novatti Group SA (ASX: Nov.) share price lights up today after ASX fintech stock revealed it had been granted a restricted banking licence. Novatti stock price came out of a trading stop to climb 54% this morning. At the time of writing, Novatti shares are trading at 28 cents each, […]

Low Diversification of PFA Investments A...

A new report from CompanyNGR says low diversification of government securities by Nigerian Pension Fund Trustees (PFA) is one of the main challenges affecting the growth of the pension industry. The report also notes that continued skepticism about the pension system has limited industry growth. Other challenges hampering the desired growth in the industry include […]

Samata Co-op Development Bank crosses a ...

West Bengal-based Samata Cooperative Development Bank crossed the business mix by more than Rs 350 crore in the 2021-21 financial year and made a net profit of Rs 2.60 crore. The figures were revealed at the annual general meeting held recently. Despite adverse market conditions, bank deposits increased from Rs 182.77 crore in FY 2020-21 […]

Nearly VND 2.94 trillion in loans for hu...

Mr. Nguyen Duc Lenh, Deputy Director of State Bank of Vietnam – Branch of HCMC, said that the poverty alleviation loan program was implemented by the poverty alleviation committees of HCMC in all levels since 1994. In 2015, the Hunger Eradication and Poverty Reduction Fund was handed over to the HCMC Bank for Social Policies […]

Amundi US Declares Monthly Distributions...

BOSTON–(BUSINESS WIRE)–Nov 4, 2022– Amundi US today announces the declaration of dividends for six Pioneer closed-end funds for November 2022. Ex-Date: November 15, 2022 Registration Date : November 16, 2022 Payable: November 30, 2022 Teleprinter Taxable funds Distribution Per share Change The preceding month HNW Pioneer Diversified High Income Fund, Inc. $0.0900 1.2 -$0.0200 DOCTORATE […]

Bain puts a stop to the Indian banking b...

Reuters Reuters MUMBAI (Reuters Breakingviews) – Indian banks are having fun, and a foreign takeover prince who secured a $32 billion lender to the party is looking back at the dance. Bain Capital pocketed some $400 million on Tuesday by selling just under a third of the more than 4% stake it bought in Axis […]

Global advisory board to advise Deutsche...

The board named six highly respected business leaders, academics and politicians as founding members Paul Achleitner appointed chair of new Global Advisory Board Inaugural meeting today in New York Deutsche Bank’s Board of Directors has created a new Global Advisory Board made up of experts from business, academia and politics, whose task is to advise […]

Eric Sturdza Investments Launches Long-S...

ST PETER PORT, Guernsey–(BUSINESS WIRE)–Nov 1, 2022– Eric Sturdza Investments, an independent asset management firm that offers actively managed strategies to institutional and wholesale clients, has partnered with Boston-based Crawford Fund Management to launch the Strategic Long Short Fund. This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20221101005860/en/ Source: Crawford Fund Management […]