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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. […]

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 […]

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 […]

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 […]

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 […]

Green Dot announces share buyback progra...

AUSTIN, Texas–(BUSINESS WIRE)–Green Dot Corporation (NYSE: GDOT) today announced that its Board of Directors has approved a stock repurchase program with authority to purchase up to $100 million of common stock. The authorization is for an indefinite period. “We are pleased to announce that our Board of Directors has authorized a $100 million share buyback […]

Encourage domestic investment (2) – Punc

Published February 21, 2022 Investment remains the foundation of growing economies, regardless of the stage of development. Of course, advanced countries have understood and confirmed for a long time that investment in human capital is the most important. Indeed, the improvement in labor productivity, which also has a positive impact on the productivity of capital, […]

The Fed can’t get a head start

New rules the Federal Reserve released in October to crack down on stock trading by board governors, regional presidents and senior executives seemed like a neat little bow to address a then-burgeoning scandal that, less than a month earlier had played a role in the resignation. leaders of the central bank’s Boston and Dallas satellites. […]

PNC leader Ric DeVore retires

Ric DeVore, the region’s longtime top executive for PNC Bank, will retire at the end of next month, and taking that spot will be a native Detroiter. DeVore — a 31-year veteran of Pittsburgh-based PNC Bank, with 12 years as regional chairman for Detroit and southeast Michigan — plans to retire effective March 31, according […]

HSBC USA Announces Four New Appointments...

NEW YORK–(BUSINESS WIRE)–February 1, 2022– HSBC Bank USA today announced the recent appointments of Deborah P. Bailey, Melvin L. Flowers, George W. Madison and Alice D. Schroeder to the boards of HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, NA (HBUS). Directors. Flowers and Madison’s appointments took effect on January 11, while Bailey […]

FAB Reports 19% Increase in Net Income t...

First Abu Dhabi Bank (FAB) reported net profit of AED12.5 billion ($3.4 billion) for the full financial year ended December 31, 2021, compared to AED10.6 billion in 2020 , an increase of 19% year-on-year. . Group revenue rose 17%, supported by strong business performance and growth in fee-earning activities, helping to offset headwinds from low […]

Novo uses funds to reinvent small busine...

Small business banking platform Novo announced that it has raised an additional $90 million for small business development, bringing its total funding round to more than $135 million. Novo has already surpassed $5 billion in lifetime transactions and will now use the new funding to develop digital banking products designed specifically to help small businesses […]

Corruption damages the nation’s image an

Federation Government Secretary (SGF) Boss Mustapha inaugurated the 23-member Economic and Financial Crimes Commission (EFCC) Board of Directors, with a charge for members to do their best to fight against the hydra-headed monster called Corruption. He also said that financial crimes were damaging the country’s image in the world and depriving it of foreign direct […]

Actors: January 10-16, 2022 | Springfie...

Bank and financePromoted Guarantee Bank Carrie Eakins to the Deputy Director of Retail Banking at his Farmers Park branch. She started her career as a bank teller in 2017 and was promoted to representative of market agency bankers in 2019 and specialist of market agency bankers in early 2021. Central Bank of the Ozarks added […]

New CSSF circulars reforming the long re...

To print this article, simply register or connect to Mondaq.com. On December 22, 2021, the Commission de Surveillance du Secteur Financier (“CSSF“) published three new circulars dated December 17, 2021 effectively reforming the Long Report: A circular for Luxembourg collective investment undertakings (“Circular 21/790“). A circular addressed to investment fund managers authorized in Luxembourg (“Circular […]

The bank covers the nation but loots

The banking network has covered the country for the past 50 years, but the culture of defaulting loans in the system has become a major problem as people with political clout continue to plunder the industry. Even as delinquent and non-performing loans are on the rise, the government and the central bank have done little […]

Alliance for Action announces new leader...

Amanda Del Bene, investment banker, first woman to chair the board of directors December 20, 2021 The Alliance for Action of New Jersey elected its first woman to chair the board, Amanda Del Bene, Managing Director of Public Finance Investment Banking at Raymond James & Associates, Inc. She was selected by the board of administration […]

Retail Opportunity Investments Corp. an...

SAN DIEGO, December 15, 2021 (GLOBE NEWSWIRE) – The Board of Directors of Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced today that it has concluded the board refresh and governance review it launched following its 2021 annual meeting and has appointed Zabrina Jenkins and Adrienne Banks Pitts in as independent directors, as of December 15, […]

New York State Judge Convicted of Obstru...

NEW YORK (AP) – A New York state judge was convicted on Monday of obstructing a federal investigation into one of the nation’s oldest and largest credit unions for more than a half million New York City workers, including hospital workers, as well as state and federal employees. . At the end of a two-week […]

Community State Bank Appoints Staff in K...

Community State Bank recently announced several staff changes for its Kenosha and Lake Geneva markets. The bank has appointed Julie Schrader, as retail manager for Kenosha and Paddock Lake; Sherri Gorecki, as retail manager of Lake Geneva; and Barbara Fish, as universal banker of Lake Geneva. Schrader has over 15 years of retail banking management […]

Development plan of the board of directo...

By JAMES MacPHERSON, Associated Press BISMARCK, ND (AP) – A longtime lawmaker and retired grocer was chosen on Wednesday to lead an advisory board developing guidelines for investments in the state from the approved oil tax savings account by voters in North Dakota. Republican Senator from Fessenden, Jerry Klein, was elected chairman of the new […]

Explained: Why RBI Has Suspended Large F...

The Reserve Bank of India (RBI) has kept in limbo its internal task force (IWG) proposal to license large companies to banking amid fears about connected loans and personal transactions if they are authorized in the banking area. What is the big concern? While the main argument in favor of allowing the presence of companies […]

Orange County Business Council selects b...

Orange County’s main trade association has appointed a Whittier banker who lives in Huntington Beach as its new chief. Jeffrey Ball, Founder, President and CEO of Friendly Hills Bank in Whittier and Past President of the California Bankers Association, received board approval on Thursday, November 18 to become the next President and CEO from the […]

New Jersey bank to acquire Bank of Delma...

OceanFirst Financial Corp CEO Chris Maher said the acquisition of Partners Corp. matches the financial institution’s plan to expand into Maryland and Delaware. | PHOTO COURTESY OF OCEANFIRST FINANCIAL CORP. SEAFORD – OceanFirst Financial Corp., a growing bank in New Jersey, has announced plans to purchase Bancorp Partners, the parent company of Seaford-based Bank of […]

Racial Equity Initiative Launches $ 250 ...

PHOTO | JOHNSON C. SMITH UNIVERSITY Johnson C. Smith University has received millions of dollars of investment under the Mayor’s Racial Equity Initiative to address inequalities and remove barriers to economic opportunity. A $ 250 million initiative to promote racial equity by investing in Charlotte’s historically neglected communities of color. Political, business, community and philanthropic […]

BNCCORP, INC. Announces Special Cash Di...

BISMARCK, ND, Oct. 28, 2021 / PRNewswire / – BNCCORP, INC. (BNC or the Company) (OTCQX Markets: BNCC) announced today that its Board of Directors has declared a special and one-time cash dividend of $ 6.00 per common share of BNCCORP, INC. The dividend is payable on December 15, 2021 to holders of record on […]

Gulf states’ appetite for investment in

Already able to make the most of moving supply chains and low-cost manufacturing away from hubs in Asia, Turkey – and its historic Istanbul financial center project – would now be firmly on the market. Gulf investor radar. The signals come amid a rapprochement and efforts to re-establish ties between Turkey and some Gulf states, […]

Dish TV Rs 1,000 cr rights issue critica...

The Rs 1,000 crore rights issue for Dish TV is essential for the survival of the DTH company which needs funds to upgrade technology and replace old set-top boxes with new smart connected boxes, if not its subscriber base. would decline, a senior company official said. Dish TV is facing the rapid growth of new […]

Balasubramanian elected president of the...

Balasubramanian was elected President of the Association of Mutual Funds in India at the recent AMFI Board of Directors meeting. Balasubramanian is CEO of Aditya Birla Sun Life Asset Management. He would succeed Nilesh Shah, Managing Director of Kotak Mutual Fund. Balasubramanian previously served as AMFI President between 2017 and 2019 and will now continue […]

Colorado Springs Movers & Shakers | Bus

Laura Rosendo joined the Pikes Pikes Peak Hospice Foundation in Colorado Springs as Executive Director. She was Director of Development and Head of Major Gifts at Colorado College, Head of Business Development at Regis University, and Head of the Communications and Outreach Program at the US Anti-Doping Agency. Luis Rosales and Luc Smith joined Academy […]

Business People: Equitable Bank Announce...

Gdowski is a graduate of the University of Nebraska-Lincoln. He is also a graduate of the NBA Commercial Lending School and NBA Ag Lending School programs. He is Treasurer of the Board of Directors of Railside BID, a member of the Grand Island Chamber of Commerce Young Professionals group and was a 2018 winner of […]

Minister of Energy RK Singh

Public non-bank financial corporations (NBFC) Power Finance Corporation (PFC) and REC should explore cheaper options for raising funds, including offshore sources. In stating this, Energy Minister RK Singh said, the two NBFCs should focus on ensuring that the power sector value chain has access to cheaper funds, especially renewables. “RK Singh, Union Minister of Energy […]

most influential women in banking | Bes...

As part of the American Banker’s Most Powerful Women in Banking and Finance program, we have selected five “best teams” for 2021. Citigroup is one of the team winners. To view the assessment criteria for the Top Teams category, please scroll to the end. CitigroupHeadquarter: new YorkAssets: $ 2.2 trillionFemale representation among corporate officers: 45%Female […]

Dock strengthens its board of directors ...

SÃO PAULO – (COMMERCIAL THREAD) – Dock, an innovator in financial technology infrastructure in Latin America, announced the expansion of its board of directors with the appointment of three executives from the world’s largest publicly traded companies. The new board members are Sam Shrauger, Global Head of Payments, Chairman and CEO of Airbnb Payments Inc. […]

NCUA plan would exempt public funds from...

Billions of funds earmarked for credit unions under the Treasury’s emergency capital investment program could be exempt from the National Credit Union Administration’s pending subordinated debt rule. Credit unions would prefer the option of using the ECIP money to meet their risk-based capital requirements, but this would not be possible under the current rule, which […]

Business Monday ETC. : edition of Augus...

Agawam company obtains a labor subsidy Belt technologies, a manufacturer of metal belt conveyor solutions and custom conveyor systems for more than five decades, received a grant of $ 45,600 to help train 24 workers and create at least two new jobs before 2023. The State Executive Office for Work and Workforce Development Workforce Training […]