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BancPlus Corporation Announces Managemen...

JACKSON, Miss–(BUSINESS WIRE)–BancPlus Corporation, the parent company of BankPlus, today announced a leadership succession plan that enables the company to continue to deliver meaningful growth for its customers, communities, teams and shareholders. B. Bryan Jones III was elected to succeed Thomas G. Peaster as Chairman of the Board of Directors of BancPlus Corporation and BankPlus […]

How Acute Informatics is Revolutionizing...

Launched in 2005, Acute Informatics has revolutionized the IT space by providing fintech companies with banking solutions and services that enable organizations to secure a competitive advantage. With more than 150 active engagements with customers and more than 350 people, Acute Informatics delivers solutions that aim to improve operational efficiency while innovating and minimizing costs. […]

Financial Literacy: A Mandatory Requirem...

DepositPhotos Money management is difficult. For small businesses, especially minority-owned ones, developing strong financial literacy skills is critical to their success. Fortunately, there are many useful resources available Lyndsae’ Peele, the founder of Kingdom Vision Consulting, notes that small business owners know how to do their job or service, but that’s only one aspect of […]

Clickatell Helps Nigerians Access eNaira...

Clickatell (https://www.Clickatell.com), a CPaaS innovator and chat commerce leader, has partnered with the Central Bank of Nigeria (CBN) (https://www.CBN.gov.ng) to provide fast, simple, and cost-effective eNaira banking services for all Nigerians using the USSD channel, eliminating the need for data and available on all handsets. Clickatell has collaborated with the CBN to launch a USSD […]

The 3 best countries to start a business

Opinions expressed by Entrepreneur the contributors are theirs. When starting a business, the first question that comes to mind is probably where you will be located. You may have ideas about your industry or the type of business you want to start. But where should you locate if you plan to expand across borders and […]

Codat and nCino partner to help banks un...

By Edlyn Cardoza Codat, the universal small business data API, announced a partnership with nCino, the global leader in cloud banking, to automate and accelerate banks’ ability to underwrite small business loans worldwide. “Our platform makes it easier for credit analysts to get a clear picture of credit risk,” said Thomas ByrneManaging Director, EMEA at […]

Treasury asks White House to approve pla...

The US Treasury Department has formally sent the White House its proposal to begin collecting data on marijuana businesses from banks – alongside industries it already tracks like liquor stores, convenience stores, casinos and car dealerships – as part of its ongoing efforts to combat money laundering activities. . In a notice published in the […]

Online shopping services shut down in Af...

Almost all major online shopping services in Afghanistan have closed, with the two major online shopping services recently announcing the closure of their services due to the financial crisis in the country. Nearly a year after the Taliban took control of Afghanistan, the lack of legitimate governance power in the country […]

Secure business capital with interest-fr...

The importance of small and medium enterprises (SMEs) for any country, especially Nigeria, cannot be overstated. It is therefore not surprising that SMEs are one of the foundations of the country’s economic development. One of the biggest challenges small and medium-sized enterprises (SMEs) face is access to finance. High qualification thresholds, high interest rates, and […]

What is vishing and is it a threat to yo...

What is a vishing attack and what does it look like? Vishing attacks can take many forms, but the hallmark of vishing is unsolicited phone calls to your employees. Usually these phone calls claim to be from a legitimate organization that your business might already be doing business with. More sophisticated vishing attacks will also […]

VTB would only consider buying Citi’s Ru

In August 2022, Citi announced plans to close Russian operations. Credit: Pexels from Pixabay. Russian banking group VTB is not interested in acquiring Citi’s operations in the country, Interfax reported, citing VTB chief Andrei Kostin. Speaking to reporters from the Eastern Economic Forum, Kostin said that VTB would only consider acquiring the US bank’s assets […]

Faysal Bank aims to reach Rs1trn of asse...

KARACHI: The management of Faysal Bank Limited aims to increase the value of its assets up to 1 trillion rupees by the end of 2022 to be the second Islamic bank in Pakistan to reach the mark. Speaking at the media roundtable recently, Chief Financial Officer Syed Majid Ali said the bank is likely to […]

No, a company cannot refuse your torn in...

I have lived in Mexico for 15 years and have found that refusing to accept torn invoices in businesses is common, with OXXO being the main offender. It wasn’t until this week’s report by the Mexican consumer protection agency on the use of torn and stained bills that I learned that the practice of refusing […]

Macquarie Global Infrastructure Total Re...

NEW YORK–(BUSINESS WIRE)–The board of directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE: MGU) (“Fund”) declared on September 2, 2022 a regular distribution for the month ending August 31, 2022 of $0.13 per share. Based on the Fund’s net asset value (“NAV”) per share of $27.35 and the New York Stock Exchange closing […]

Synovus Announces Quarterly Dividends | ...

COLUMBUS, Ga.–(BUSINESS WIRE)–The Board of Directors of Synovus Financial Corp. (NYSE: SNV) declared the following quarterly dividends: $0.34 per share on the Company’s common stock, payable on October 3, 2022 to shareholders of record on September 15, 2022. $0.39375 per share on the Company’s Fixed-Floating Rate Non-Cumulative Perpetual Preferred Shares, Series D, payable on September […]

Business notes | News, Sports, Jobs – S

PROVIDED PHOTO Aaron Magallanes APPROACHING APPLICATION DEADLINE FOR FUNDING AWARD September 1 is the deadline to apply for an LCEC environmental funding award. Organizations must meet certain criteria to be considered for the award, including that the funding must be used for projects/programs related to the environment and the utility industry […]

What is the impact of the war in Ukraine...

Nigeria’s obsession with oil is well documented. Oil and gas exports still account for 90% of the country’s foreign exchange earnings, so the economy has generally grown stronger when oil prices are high and struggled when they fall. Yet declining oil production and population growth mean that production is increasingly dispersed among the population. At […]

Business Briefs

PEOPLE Raje Dwaraka was appointed Chief Financial Officer of Davis-Standard. Dwaraka comes to Davis-Standard from NielsenIQ, where she was chief accounting officer, leading a global team of 900 employees in 80 countries. Previously, she was CFO of the $2 billion foodservice business unit at Pactiv. Davis-Standard, LLC is headquartered in Pawcatuck. For more information, visit […]

Meezan Bank and Samba Bank celebrate the...

KARACHI: Meezan Bank and Samba Bank in collaboration with the Pakistani Embassy in Bahrain hosted a reception at Gulf Hotel, Manama – Bahrain inviting prominent non-resident Pakistanis and their clients to celebrate the success of Roshan Digital Account (GDR) in Pakistan. Dr. Murtaza Syed from the State Bank of Pakistan participated in the event virtually […]

Banking compliance for wealth management...

EThe establishment of Bank Wealth Management Subsidiaries (BWMS) is an important way for commercial banks to strengthen risk isolation management and implement professional operation, as well as an important measure to comply with the general trend in wealth management, effectively implementing the requirements of the Regulatory Guidance Notices. the Asset Management Business of Financial Institutions […]

Cannae Holdings, Inc. announces $84 mill...

LAS VEGAS–(BUSINESS WIRE)–Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that it has committed to invest $84 million in Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading provider of end-to-end fintech and regtech solutions, in conjunction with additional investments agreed by a consortium of private investors. On August 22, 2022, CSI announced […]

BOJ expects fallout on housing market du...

Bank of Jamaica officials expect the construction and housing sector to be negatively affected by rising mortgage rates, but say there is no fallout yet in the hot market since the pandemic, with housing prices and valuations soaring amid higher levels of inflation and record low lending rates until last year. The impending fallout on […]

A Checklist for Foreign Businesses Openi...

A checklist for foreign companies opening a business bank account in the United States Opening a business bank account is a great way to separate your finances from company funds. This way, you can manage company assets professionally. The United States is the world’s largest global trader and has the largest economy. Opening a corporate […]

Fed Governor: Banks looking to get into ...

Banks want to offer cryptotech services, so the Federal Reserve is studying how such activities should be overseen while reminding them to manage risk and act legally, said Michelle Bowman, one of seven members of the Board of Governors of the Fed. Bowman spoke Wednesday, Aug. 17, in Little Rock at the inaugural VenCent Fintech […]

Newsmaker: Meet HDFC’s Kaizad Bharucha,

The Covid-19 pandemic proved to be watershed years for the lender’s wholesale lending business, causing that wholesale book to grow much faster than retail TopicsHDFC | Detail Kaizad Bharucha, Executive Director of HDFC Bank, who recently became the highest earning banker in FY22, joined the private sector lender in 1995 – a year […]

Artisans’ Bank opens new business center

Artisans’ Bank recently announced that its new Rehoboth Branch and Business Center on Route 24 is open for business. “The new branch is open and ready to go,” said Joanne Williams, Rehoboth branch manager. “We invite the public to come and visit our beautiful new facility. The new location offers full-service retail banking with commercial, […]

Atom Bank Obtains Full Registration with...

Alternative loansDigital bank Atom Bank “goes beyond” basic statutory regulatory requirements. Image source: AtomBankTeam/AtomBank. Neo-Atom Bank is committed to the Standards of Lending Practices for Business Clients as it seeks to protect SMEs and provide fairer outcomes for banks’ business clients. Overseen by the Lending Standards Board (LSB), the Standards of Lending Practice (SLP) covers […]

Wealth manager David Loeb joins First Re...

SAN FRANCISCO–(BUSINESS WIRE)–First Republic Bank (NYSE: FRC), a leading private bank and wealth management firm, today announced that David Loeb has joined First Republic Investment Management. Loeb was appointed managing director and wealth manager. It will provide portfolio management, retirement planning, investment advisory and other wealth management services to individuals, families, non-profit organizations and private […]

Banking on Lynk | Company

Jamaica’s largest banking conglomerate, NCB Financial Group, believes it has found the right formula for its digital wallet as a market disruptor that won’t end up cannibalizing its own business. The wallet known as Lynk mainly offers free payment services that sometimes compete with the bank it belongs to, NCB Financial chairman and chief executive […]

TymeBank acquires Retail Capital to stre...

By Edlyn Cardoza Today Corporate banking E-commerce FinTech TymeBank, one of South Africa’s fastest growing digital banks, is set to bolster its business banking offering with new initiatives. Key to this is the proposed acquisition of Retail Capital, a FinTech company that provides financing to small and medium-sized enterprises (SMEs) in South Africa. The acquisition, […]

Deloitte fined for hidden hole of 2.1 bi...

Companies Deloitte fined for hidden hole of 2.1 billion shillings in Chase Bank Thursday 04 August 2022 Deloitte Building Nairobi. PICTURES | DENNIS ONSONGO | NMG The capital markets regulator on Wednesday fined Deloitte after the audit firm failed to detect a non-existent 2.1 billion shilling Chase Bank account at the central bank that prompted […]

Trivest announces promotions within the ...

MIAMI–(BUSINESS WIRE)–Trivest Partners (“Trivest” or the “Firm”) is pleased to announce the following promotions: an achievement recognition that fully exemplifies the depth of talent and experience of the internally formed Trivest team. Brian Connell was elevated to partner status. Brian joined Trivest in 2013. He is responsible for creating investment opportunities, executing acquisitions and working […]

Sukuma Business ne dfcu’ SME New offer

28e July 2022. Micro, Small and Medium Enterprises (SMEs) in Uganda stand to benefit as dfcu Bank is launching a brand new offering aimed at giving them the ability to enjoy banking services while operating an account that meets their business needs at their convenience. Named ‘Sukuma Business ne dfcu‘ calls on SMEs in all […]

Banks grant 696.7 billion dirhams to com...

According to CBUAE figures, the cumulative balance of credit granted by national banks to the sector on an annual basis increased by 2.14%. Credit facilities provided by national banks to the corporate and industrial sector increased by 1.92% (13.1 billion Dhs) in the first four months of 2022 to reach 696.7 billion Dhs against 683.6 […]

Wells Fargo Bank raises prime rate to 5....

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo Bank, NA, today announced that it is increasing its prime rate from 4.75% to 5.5%, effective tomorrow, July 28, 2022. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company with approximately $1.9 trillion in assets, proudly serves one in three American households and more than […]

First Community Bank adds 1 in NWA (Move...

We were unable to send the item. Natalie Barthelemy (First community bank) Natalie Barthelemy was hired as the Rogers Community President for the First Community Bank of Batesville. She will be responsible for expanding the bank’s presence in northwest Arkansas. Julie Bristow (First security bank) Julie Bristow was hired as the new Jonesboro Market Mortgage […]

ICICI Bank’s Q1 Net Amount Increases 50%

ICICI Bank on Saturday announced a 49.58% increase in its net profit to Rs 6,905 crore for the June quarter of FY23 from Rs 4,616 crore in the same period last year. Its total revenue rose to Rs 28,330 crore in the first quarter from Rs 24,379 crore a year ago. Gross non-performing assets (NPA) […]

Oregon Bancorp Announces Second Quarter ...

SALEM, Oré.–(BUSINESS WIRE)–Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, reported net income of $1.5 million in the second quarter of 2022, compared to $5.4 million dollars in the second quarter of 2021. This translates to a quarterly return on average assets of 1.4% and a quarterly return on average […]

AU Bank rises after sharp fall in provis...

AU Small Finance Bank advanced 3.46% to Rs 596.70 after the bank reported a 31.8% rise in net profit to Rs 267.87 crore on a 26.3% rise in total income to Rs 1,979.35 crore in Q1 FY23 compared to Q1 FY22. Net interest income (NII) in the quarter jumped 35% year-on-year to […]

For urban cooperative banks, RBI defines...

The Reserve Bank of India (RBI) has decided to adopt a simple four-tier regulatory framework with differentiated regulatory requirements aimed at enhancing the financial soundness of existing City Cooperative Banks (UCBs). The RBI has stipulated a minimum net worth of Rs 2 crore for Tier 1 UCBs operating in a single district and Rs 5 […]

Stocks open higher at start of another b...

NEW YORK (AP) — Stocks are opening higher on Wall Street ahead of another busy week of U.S. corporate earnings. Banks were among the early Monday winners. Investment banking giant Goldman Sachs rose 5% after reporting profits that, although lower than a year ago, easily beat analysts’ forecasts. The S&P 500 rose 0.8% and the […]

Dante Disparte | Yes, Crypto Still Matt...

Without Uber, would many taxi services have developed their own ride-sharing apps or started accepting credit cards by this time? In static industries with little competition, new competitors and new technologies are needed to drive change. And, if managed well, this change need not even threaten incumbents, as they can embrace new technologies and business […]

Ghana: Ex-Capital Bank MD denies approvi...

Reverend Fitzgerald Odonkor, former managing director (MD) of Capital Bank, has denied personally approving the payment of trade promotion funds to William Ato Essien, the bank’s former managing director, after securing cash support of 620 million GH¢ from the Bank of Ghana. Responding to questions under cross-examination by Chief Prosecutor Marina Appiah Opare, Reverend Odonkor […]

Banks borrowing from CBN hit N595.34 bil...

Depository banks (DMBs) borrowed N595.34 billion from the Central Bank of Nigeria (CBN) between January and February, according to the CBN’s monthly economic report. The report showed that while 333.59 billion naira was borrowed through the standing loan facility in January, the amount was reduced to 255.75 billion naira in February. The CBN said that […]

Changes in the management of the UBS gro...

ZURICH & BASEL, Switzerland–(BUSINESS WIRE)–Regulatory news: Ad hoc announcement pursuant to Article 53 of the Listing Rules of SIX Exchange Regulation After a successful 39-year career at UBS (and its predecessor PaineWebber), Tom Naratil has decided to step down from his current roles as Co-Chairman Global Wealth Management and President UBS Americas effective October 3, […]

Lincoln International appoints John McCl...

CHICAGO–(BUSINESS WIRE)–Lincoln International, one of the world’s leading investment banking advisory firms, is pleased to announce the arrival of John McClure as Managing Director of the Company’s Automotive and Truck Business , a subsector of the Lincoln Industrial Group. John brings extensive experience in advising clients on strategic mergers and acquisitions (M&A) to capitalize on […]

COLUMN: Overlay your bank accounts | Co...

For years, savings and checking accounts provided very little interest income. However, in our current inflationary age, interest rates are on the rise. What is also on the rise is the return of traditional banking products. Here’s a look at how your bank accounts traditionally work as a team to give you the best security […]

Business services progress amid growth i...

The professional and business services sector posted the largest gains last month, adding 74,000 jobs to a total of 372,000 new openings, while the unemployment rate of 3.6% remained the same for the fourth consecutive month. , reported the US Bureau of Labor Statistics. Friday (July 8). There were 5.9 million unemployed in June, about […]

Columbia Bank pushes its business lendin...

Columbia Banking System, which is about to complete a merger with Umpqua Holdings which would create a $50 billion franchise on the West Coast, is expanding into Utah. Columbia Bank’s parent company, based in Tacoma, Wash., said Tuesday it has hired two Salt Lake City-area banking industry veterans as part of the effort. James Divver […]

Funding Circle partners with DreamSpring...

DENVER–(BUSINESS WIRE)–July 5, 2022– Funding Circle, one of the nation’s leading online small business lending platforms, and DreamSpring, a nonprofit Community Development Financial Institution (CDFI) with nearly 30 years of community lending experience, have launched a new partnership to increase access to financing for small business owners. in underserved communities across the country. The new […]

Westpac outlines support for flood-affec...

In response to the flooding event developing in New South Wales, Westpac Group continues to offer personalized support to affected customers and small businesses, including loan deferrals of up to three months and a emergency credit card help. Eligible small business customers can apply for a $3,000 grant per customer group to help with emergency […]

Puerto Rico Suspends Bank Operations Ami...

If you are aware of any local business openings or closings, please let us know here. PREVIOUS OPENING AND CLOSING Hunter Pocono Peterbilt plans to move Pocono Township operations to Stroudsburg · Coal Winery and Kitchen at 81 Broad St., Bethlehem, has closed as its owner searches for a new location for the business, according […]

Big banks with healthy performances to o...

As competition intensifies between banks and new-era fintech companies, big banks with sound operational performance and strong balance sheets will continue to grow faster than the industry, the chief executive and CEO said. Axis Bank CEO Amitabh Chaudhry in the 2021-22 annual report released on Wednesday. . With a number of transformation-focused initiatives like One […]

Tapped payments for small businesses

Westpac to Offer Market-Leading Tap-on-Phone Software to Merchants Westpac has announced that it will be rolling out new technology that will allow small businesses to accept payments from customers through their compatible Android mobile. Westpac Tap on Phone leverages Airpay TAP technology from Australian payment technology provider Quest Payment Systems (Quest). It is being tested […]

New Peoples Bank services back to normal...

Things seem to be looking up a bit at New Peoples Bank, more than a week after a technology glitch caused all of its banking services to be temporarily shut down. The bank, whose main offices are in Honaker, Virginia, announced Friday morning on Facebook that all of its branches had reopened and that access […]

Santander Holdings USA, Inc. Provides St...

BOSTON–(BUSINESS WIRE)–Santander Holdings USA, Inc. (“SHUSA” or the “Company”) has commented on the results of the Federal Reserve’s 2022 prudential stress tests. Based on the results of SHUSA’s 2022 Prudential Stress Test, the company’s minimum capital ratios under the Federal Reserve Board’s (“FRB”) Extremely Adverse Scenario ranked in the top quartile among banks participants. In […]

Optimus Cards signs with Temenos to expa...

Temenos (SIX: TEMN) announces that Optimus Cards, the white-label card and banking-as-a-service provider, has signed up to the Temenos open platform for composable banking to support the expansion of its cards business as a service. Temenos will help the UK-based Electronic-Money Institution (EMI) launch new products faster and scale efficiently as it expands into new […]

AGENDA-Top economic events as of August ...

For other journals, please see: Major Economic Events Emerging Markets Economic Events Public Debt Auctions Politics & General News The US Federal Reserve today in Washington —————————————– —————— —————– This log is filed daily. ** Indicates new events ——————————————– – —————- TUESDAY 21 JUNE ** BRUSSELS – Participation of Elizabeth McCaul, member of the Executive […]

Omobayo Azeez and others win OnePipe wri...

By Adedapo Adesanya The National Drug Enforcement Agency (NDLEA) has foiled attempts by suspected drug traffickers to export packages of methamphetamine commonly known as Mkpuru Mmiri concealed locally in cornflake packs and body cream containers to Malaysia and Australia at Murtala Muhammed International Airport, Ikeja, and a courier company. in Lagos. The drug control authority […]

New round of corporate funding announced...

Salt Lake City – Gantry, the largest independent commercial mortgage banking company in the United States, has secured $7.7 million in permanent financing for two self-storage facilities totaling 135,000 square feet of leasable space. Assets include Storage Corner Group’s 60,000 square foot Uptown Storage (Salt Lake City) and 75,000 square foot Central Storage and Business […]

Eastern Bank provides $14 million loan t...

BOSTON–(BUSINESS WIRE)–Eastern Bank is pleased to announce a $14 million loan to the Arts & Business Council of Greater Boston for its historic purchase of Western Avenue Studios & Lofts (WASL) in Lowell, MA. The WASL complex includes 240,000 square feet of space, 250 work-only artist studios, 50 work/live studios and a brewery, cafe and […]

Saraswat Bank now has two Managing Direc...

Introducing a new type of organizational structure in urban cooperative banking, Saraswat Co-operative Bank has created two Managing Director (MD) positions following the retirement of Smita Sandhane as MD on March 31, 2022. India’s largest urban co-operative bank, which recorded around 7% year-on-year growth in total business (deposits plus advances) to ₹71,573 crore in FY22, […]

‘Cash does not collapse’ | Trade Standa

Lack of cash doesn’t actually limit crime, but it does limit access to the levers needed to commit serious white-collar crimes. TopicsDigital Currency | Russia | Sweden In 2018, Sweden’s central bank released a document titled “If Crisis or War Comes”, encouraging citizens to hold cash to deal with contingencies like war with […]

Sterling Bank and Bedrock Initiative tra...

Sterling Bank Plc has partnered with the Bedrock initiative to train young people as part of its contribution to reducing unemployment in the country. The training session took place during Owerri’s Business Week, held recently under the theme: “Gaining Business Momentum”. Speaking at the program in Owerri, the capital of Imo State, Division Head, Business […]

Banking sector: FBR plans to increase th...

PESHAWAR: A tax expert belonging to Khyber Pakhtunkhwa, Muhammad Umair Zeb, has said that the Federal Board of Revenue (FBR), despite receiving a clear budget proposal from the banking sector to abolish the super tax, may increase its rate in the federal budget for 2022-23. Speaking in an online meeting, Umair Zeb said the Ministry […]

Business news, strategy, finance and com...

If you don’t have a VR headset, you can still access the banking metaverse through your mobile, laptop, or gaming desktops. “It’s not just for the elite. We are trying to democratize the 3D experience and extended reality,” says Rajesh Mirjankar, Managing Director and CEO of Kiya.ai. He sees a smartphone-like revolution happening with virtual […]

Westpac Unveils DataX Analytics Service ...

Westpac was using Data Republic, a data governance platform it had invested in through its Reinventure arm, to create data-driven insights for institutional clients before the startup collapsed last May. DataX, which has been in development for two years and was built by an internal Westpac team, was soft launched eight months ago with select […]

Names in the News: The People Shaping th...

Halliburton will lead the foundation Lake Charles Memorial Health System hosts Sol Halliburton as the new Executive Director of the Foundation at Lake Charles Memorial Hospital. She oversees the strategic development and direction of philanthropic partnerships with the community and generous donors. The LCMH Foundation supports the mission of the health system by advancing programs, […]

Business Beat – Perry becomes YCDC’s new

By Dave Sjuts Emily Perry started last week as YCDC’s new Development Coordinator. Perry grew up in York and is excited to take on the role of Development Coordinator for YCDC. Having personally experienced all that York has to offer, such as a top-notch education system, many successful family programs, and endless opportunities for personal […]

ADCB Egypt selects Temenos for next gene...

Download logo ADCB-Egypt, a subsidiary of Abu Dhabi Commercial Bank Group – the third largest bank in the United Arab Emirates, has extended its collaboration with Temenos (SIX: TEMN) (www.Temenos.com) to offer next-generation digital payments on Temenos open composable banking platform. The bank will compose payment solutions to adopt new global standards such as ISO20022 […]

Cathay Bank celebrates its 60th annivers...

LOS ANGELES–(BUSINESS WIRE)–This year marks the 60th anniversary of Cathay Bank. Founded in 1962 in Los Angeles’ Chinatown, the bank’s original purpose was to serve the growing and underserved Chinese-American community in Los Angeles. Cathay Bank became a publicly traded company, through its holding company Cathay General Bancorp, on the Nasdaq in 1990, and by […]

Russia’s central bank lowers policy rate

Russia’s central bank cut its benchmark rate to 11% on Friday and said it saw room for further cuts this year as inflation slows from more than 20-year highs and the he economy is about to contract. She announced the move at a special meeting after cutting the policy rate to 14% in […]

XTM Files First Quarter 2022 Quarterly F...

MIAMI AND TORONTO–(BUSINESS WIRE)–XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech innovator broadcasting earned wages and providing access to tips for service workers in the hospitality and personal care space , announced the filing of its unaudited quarterly condensed consolidated Financial Statements and MD&A (“Management report”) […]

When does a company conduct business fra...

LUIS VILLASMIL-UNSPLASH We postulate that the offense sought to be punished under article 165 of the Revised Companies Code (RCC), namely “the exercise of its activities by fraud”, does not provide a definition nor the requirements for determining whether a crime has been committed. For example, it is unclear whether Section 165 only covers the […]

Ask SCORE: Identity Theft Protection for...

QUESTION: Much has been written recently about identity theft and the hacking of individual email accounts. As a small business owner, should I be worried about my business being compromised by these cybercriminals? ANSWERS: You definitely need to be concerned and take many of the same steps people take to protect themselves. In fact, under […]

How to Start a Business in Idaho 2022

ABOUT THE AUTHOR Billy Graham is a highly skilled writer/editor with over 8 years of experience working for content factories, direct clients and SEO marketing agencies. Has extensive expertise in creating unique copy, exceeding editorial goals and delivering first-class customer-focused service in producing results-driven content. Specialties include games, branded content, short to long writing, calls […]

ChoiceOne Bank opens renovated branch in...

ChoiceOne Bank hosted a grand reopening for its remodeled branch in Fremont. The Sparta-based bank held the grand reopening and dedication ceremony for the redone branch at 1423 W. Main St. in Fremont on Thursday, May 12. “As a local community bank, we recognized the need to provide our customers with more convenience, as well […]

Buffett-backed Nubank beats revenue esti...

Find out what clicks on FoxBusiness.com. Nubank reported an increase in revenue on Monday that beat expectations as the Warren Buffett-backed digital bank benefited from a healthy loan book and strong customer additions, pushing its shares up nearly 8% in deals extended. The fintech company has managed to avoid an increase in defaults in its […]

Co-op invests 372 million shillings in u...

Companies Co-op invests 372 million shillings in unit in South Sudan Monday, May 16, 2022 Co-operative Bank branch along Haile Selassie Avenue, Nairobi. FILE PHOTO | NMG By CONSTANT MUNDAMore from this author Summary Last year’s additional investment was made during a period when Co-op Bank South Sudan reduced its net loss to 484.4 million […]

Nigerian Markets Regulator Issues Crypto...

Nigeria’s market regulator has released a set of regulations for digital assets, signaling that Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use. Last year, Nigeria’s central bank banned banks and financial institutions from trading or facilitating transactions in digital currencies. […]