Tag Archives: financial services

Mukesh Ambani’s takeover of Future could be a B-School case study

Future Retail had sublet store space to Reliance Industries Ltd from the tycoon. Indeed, it only continued to operate on Ambani’s forbearance because Future could not pay the rent. But as Amazon.com continues to block Reliance’s $3.4 billion purchase of Future’s assets, Ambani has decided to make the acquisition a …

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Telco-led banking services – a new phase for fintech in Nigeria

“Banking in Nigeria remains an attractive industry, with over $9 billion in value pools, but despite high levels of competition, the vast majority of consumers are underserved,” according to McKinsey. Towards the end of 2021, the Central Bank of Nigeria (CBN) licensed the country’s largest MNOs, Airtel and MTN, to …

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Branch International is looking for a pan-African digital bank

Branch International, an Andreessen-backed startup, is in the running to become a pan-African digital bank, Bloomberg reported on Tuesday (March 1). The microfinance company now sees an opportunity for growth in online financial services in Africa. The company has operations in India, Nigeria, Kenya and Ghana, and it plans to …

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‘The broker’s price is passed on to the client’: Stephen Jones, MP

The cost of brokerage commissions is “built into the cost of a mortgage”, the shadow financial services minister claimed, but stressed the “value” of the chain. The fictitious Minister for Financial Services and Deputy Treasurer, MP Stephen Jones (member of Whitlam), suggested that banks “consider” the cost of using mortgage …

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VW and Audi will limit dealer profit margins on leases

Volkswagen will limit its dealers’ ability to mark up rental rates starting next month, according to letters sent to dealers yesterday. The move will limit “dealer participation” on leases to just 1%, which could make it easier for car buyers to get a better lease on a new VW or …

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Origin Bancorp, Inc. (NASDAQ:OBNK) Expected to Post Q1 2022 Earnings of $0.81 Per Share

Origin Bancorp, Inc. (NASDAQ:OBNK) – Investment analysts Piper Sandler cut their first-quarter 2022 earnings estimates for Origin Bancorp in a research report released Thursday, January 27. Piper Sandler analyst B. Milsaps now expects the company to earn $0.81 per share for the quarter, down from its previous forecast of $0.88. …

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Tesco launches prepaid debit card with linked savings account | Banks and building societies

Tesco’s banking arm has launched a prepaid debit card with a linked savings account that is available to the 20 million customers who hold one of the retailer’s Club cards. The new offer, called Tesco Clubcard Pay+, is designed to help people budget and save, the company said. You can …

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Reform of reverse mortgage program could be a priority for HUD in 2022

The US Department of Housing and Urban Development (HUD) has a series of legislative priorities for 2022, and one of them appears to be a substantial reform of how the Home Equity Conversion Mortgage (HECM) program works. That’s according to a public notice posted on the website of the Office …

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Borrowers breathe a sigh of relief, inflation worries to stay for now

Reserve Bank of India (RBI) Governor Shaktikanta Das keeping repo and reverse repo rates unchanged, borrowers breathed a sigh of relief, though depositors may have to settle for deposit rates lower. However, inflation concerns persist among consumers for the time being, although experts say it would be positive for the …

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Do we really need states to be bankers?

In 1919, the state of North Dakota established its own bank as a public institution. It is the only one of its kind in the country, having operated successfully for a century during the Great Depression and a dozen recessions. Nine other states tried to follow suit over the following …

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Experian: launches verification service for faster and more accurate support …

Work Report â„¢ is the UK’s first service to automate the digital sharing of payroll information on behalf of the consumer. 1 in 3 employees should benefit from it thanks to partnerships with Salary Finance and Sage. United Kingdom, November 25, 2021: UK consumers will be able to access better …

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MERCANTILE BANK CORP Management report and analysis of financial position and operating results (Form 10-Q)

Forward-looking statements This report contains forward-looking statements that are based on management's beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and our company. Words such as "anticipates," "believes," "estimates," "expects," "intends," "is likely," "plans," "projects," "indicates," "strategy," "future," "likely," "may," "should," "will," and variations …

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Franchise vs independent car dealers

Franchised and independent dealers play very different roles in the automotive market, despite their similarities. Franchised and independent dealers are different. Franchised dealers have the exclusive right to sell new vehicles to the public for a specific manufacturer or brand, and may also sell used cars. Independent dealers can only …

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Are Affirm Crypto and Debit a Game Changer in Space?

Super app, a term coined by BlackBerry founder Mike Lazaridis in 2010, is a unique app that combines the most used features of our smartphones into one seamlessly integrated app. This app handles everything from calling a cab, paying your rent, talking to friends and family, and even ordering food. …

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Financial Advisor 2B: The Path to Charterer Status

Shutterstock / Stock4289 Obtaining a degree is an exciting step, but once it is achieved, advisors may decide to continue their professional development to charter status and beyond. Although higher qualifications are not a formal requirement, they are encouraged within the profession. Even so, early career counselors may wonder what …

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EBL’s contactless payment system

The idea of ​​a cashless society is not new. Nowadays, technological innovations and new payment methods aim to replace the old system of bartering with cash. To facilitate daily transactions, EBLis launched Bangla QR payment solution in its EBL SKYBANKING application on September 02, 2020. This corresponds to debit cards, …

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A deep dive with Sam Farao

Commercial stock exchange Nathan Dumlao via Unsplash Just a decade ago, artificial intelligence and fintech were fairly new words for those uninitiated to tech. However, over the past decade they have both had a profound effect on the way business, financial transactions and investments are now conducted. AI has had …

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FTC notices risk of exposure – Barbados Today

Barbados’ two major financial sector regulators noted that in 2020, insurance companies and credit unions faced increased risk exposure from commercial banks as both segments increased the level of their deposits in these institutions. Addressing the issue of contagion, the Central Bank of Barbados and the Financial Services Commission (FSC) …

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Inclusive Energy announces that it has immediate investment capital available and ready to be deployed in the North American energy industry

Calgary, Alberta – (COMMERCIAL THREAD) – Inclusive Energy Ltd., a leader in the oil and gas services industry, is pleased to announce that it has significant private capital immediately available and ready to deploy as part of its ongoing initiative aimed at diversifying its investments in the North American energy …

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WATERS CORP / DE /: conclusion of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a declarant, financial statements and supporting documents (Form 8-K)

Item 1.01 Conclusion of a Material Definitive Agreement At September 17, 2021, Water company (the “Company”) and certain of its subsidiaries, as guarantors, have entered into an amendment and updating agreement, dated September 17, 2021 (the “Restatement Agreement”) with the lenders and issuing banks which are parties to it and …

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1 in 4 Britons fear not saving enough for retirement

Image source: Getty Images Share this page: Although the pandemic has taken its toll on the country’s personal finances, a recent survey conducted by Toluna reveals that Britons are generally optimistic about their financial future. However, 23% are concerned that they are not saving enough for retirement. If you are …

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Pandemic fuels financial crime, Central Bank of UAE says

The Covid-19 pandemic, which rocked financial markets and triggered economic chaos last year, has increased the risk of money laundering and terrorist financing, fraud, cyber attacks, bribes and corruption throughout the financial system, according to the UAE Central Bank. The use of e-commerce services and virtual currencies for money laundering; …

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PM Modi expresses his joy at the end of 7 years o PMJDY

Expressing his joy at the end of the seven years of the flagship Prime Minister of his government, Jan Dhan Yojana, Prime Minister Narendra Modi on Saturday called the initiative “an initiative that has forever transformed India’s development trajectory” . The program was launched that day in 2014 with the …

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SHERWIN WILLIAMS CO: Signing of a Material Definitive Agreement, Creation of a Direct Financial Obligation or Obligation under an Owner’s Off-Balance Sheet Arrangement, Financial Statements and Exhibits (Form 8-K)

Article 1.01. The conclusion of an important definitive agreement. On August 6, 2021, The Sherwin-Williams Company (“Sherwin-Williams”) has entered into this Amendment No. 1 to the Amended and Restated Credit Agreement (“Amendment No. 1”) with Goldman Sachs Bank United States (“Goldman”), as administrative agent, Goldman Sachs Mortgage Company (“GSMC”), as …

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Authum Investment & Infrastructure Ltd issues highest bidder to acquire assets of Reliance Home Finance Ltd

Authum Investment & Infrastructure Ltd emerged on 19.06.2021 as the highest bidder for the acquisition of all assets of Reliance Home Finance Limited (“RHFL”) as part of the RBI (Prudential Framework for Resolution of Resolution) process. Stressed Assets) Directions, 2019 dated June 7, 2019 (“RBI Guidelines”). In this regard, the …

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Stock market, savings increase global financial wealth

Share Tweeter Share Share Share E-mail The pandemic has not hampered the increase in global wealth, according to a new report from Boston Focus Group (BCG) found, according to a Press release. Global wealth levels reached $ 250 trillion last year amid spikes in household savings, and markets have shown …

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Treasury and IRS Announce Families of 88% of Children in US to Receive Monthly Refundable Child Tax Credit Payment – Los Angeles Sentinel | Los Angeles Sentry

The Treasury and IRS have announced that 88% of families in the United States will automatically receive monthly payments for refundable child tax credits. First payment made on July 15 The US Treasury and the Internal Revenue Service announced today that the first monthly payment of the new Child Tax …

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Bank customers on forecasting B2B payment needs

Share Tweet Share Share Share E-mail Today, in the B2B payments arena, Clients Bank explains how to forecast business B2B payment needs, and Paystand works with Sage on instant B2B payments. Additionally, Prelim discusses trends in small business banking, Cashfree pairs for B2B e-commerce redemption solutions, and NorthOne links with …

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Mastercard welcomes the latest Start Path startups

Financial technology has made it possible to integrate more people into the digital economy faster and easier than ever. At Mastercard, we take the opportunity to partner with fintech companies to drive inclusion at scale and deliver solutions focused on good and good. Today, we’re excited to welcome six scalable …

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California Executives Offer Nation’s First Public Banking Option

Five California lawmakers attempt to establish nation’s first public bank option that would offer free, no-penalty bank accounts to all California residents. the California Public Banking Option Act, also known as BankCal, seeks to bridge the growing racial wealth gap by offering financial services at no cost. These services include …

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