NEW YORK, July 30, 2021 / PRNewswire / – Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the “Fund”) has a distribution statement of $ 0.0312 per common share. The dividend announced today is payable on August 31, 2021, has a record date of August 16, 2021 …
Read More »Monthly Archives: July 2021
PROVIDENT FINANCIAL SERVICES INC: operating results and financial position, disclosure of the FD regulation, annual financial statements and attachments (Form 8-K)
Item 2.02 Earnings and financial position. on July 30, 2021, Provident Financial Services, Inc. (the “Company”) issued a press release disclosing its financial results for the past three and six months June 30, 2021. A copy of the press release is attached to this report as Appendix 99.1 and will …
Read More »US SEC says Chinese IPO hopefuls will have to provide additional risk information
The seal of the US Securities and Exchange Commission (SEC) can be seen on May 12, 2021 at its headquarters in Washington, DC, USA. REUTERS / Andrew Kelly / July 30 (Reuters) – The U.S. Securities and Exchange Commission will not allow Chinese companies to raise money in the United …
Read More »Bank of Blue Valley Launches New Home Improvement Loan For
OVERLAND PARK, Can., July 30, 2021 (GLOBE NEWSWIRE) – The Bank of Blue Valley, powered by HTLF (Heartland Financial USA, Inc. – NASDAQ: HTLF), announced its new low-to-mid-income home improvement home improvement loan to consumer borrowers . The new loan product is structured to make it easier for low- to …
Read More »Big tech companies are recapturing the market with profits
By Lewis Krauskopf NEW YORK (Reuters) – The Wall Street rally faces a new test next week with a flurry of earnings reports from major US companies, including the tech and internet giants that recently regained market leadership. More than a third of the S&P 500 will publish quarterly results …
Read More »Three reasons investors prefer real estate over stocks
Presented by Ashcroft Capital – Two common forms of investment strategies that smart investors use to grow their wealth with passive income are building a diversified stock portfolio and investing in real estate. While investing in the stock market is beneficial for a number of reasons, investing in private market …
Read More »Financial services advisory firms merge to form Aite-Novarica Group
Two research and advisory firms, Aite Group LLC and Novarica Inc., have partnered to create a company that will advise financial services companies, the two groups said on Wednesday. The combined company comprises 70 analysts and industry experts in North America and Europe and offers a library of more than …
Read More »Markets rise as companies beat earnings estimates; Real estate leads 52-week highs
During Wednesday’s trading, 90 stocks hit 52-week highs while 2 stocks hit new 52-week lows. The S&P 500 is up 0.68% today, the Dow 0.73%, the Nasdaq 0.64% and the Russell 2000 1.68%. Markets traded higher on Wednesday after a number of large companies reported better-than-expected gains after yesterday’s close …
Read More »Real estate ETF (RWR) hits new 52-week high – July 21, 2021
For investors who are looking for momentum, SPDR Dow Jones REIT ETF (RWR quick offerRWR – Free Report) is likely on the radar. The fund just hit a 52-week high, up roughly 48.5% from its 52-week low of $ 74.34 / share. But are there more profits in store for …
Read More »Central bank demands caution on home loans for SEB, Swedbank | economy
The Central Bank has retained the requirement that Swedbank and SEB apply a risk weight of at least 15 percent of their home loan portfolio when calculating capital requirements to cover the risks associated with mortgage loans issued in Estonia. The risk weight floor currently applies to Swedbank and SEB …
Read More »Enterprise Financial Services Corp announces receipt of shareholder approval for the acquisition of First Choice Bancorp
ST. LOUIS – (BUSINESS WIRE) – Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company”, “EFSC” or “Company”), the holding company of Enterprise Bank & Trust (“EB&T”), announced at a special meeting today that the EFSC shareholders held July 20, 2021, EFSC received shareholder approval for the proposed merger (the “Merger”) …
Read More »Another student loan company will shut down in December
Student loan company Granite State Management and Resources is not extending its loan service agreement after December. The Pennsylvania Higher Education Assistance Agency announced 2 weeks ago. Almost 10 million borrowers now have to be transferred to new service providers before the payment break is lifted. Check out Insider’s business …
Read More »What rising inflation means for equity investors
With inflation soaring in recent months, equity market investors have used old street wisdom to find hedges or protection for commodities, REITs or real estate funds, as well as equity and equity funds. While these asset classes offer protection against energy inflation, they do not offer protection against core inflation, …
Read More »Gryphon Real Estate Capital Partners and CarVal investors set up transitional multi-family bridge loan company
NEW YORK and MINNEAPOLIS, July 20, 2021 / PRNewswire / – Gryphon Real Estate Capital Partners and CarVal Investors today announced the formation of a joint venture to provide senior multi-family bridging loans in primary and secondary markets The United States. The Gryphon CarVal Multi-Family Loan Program (the “Program”) is …
Read More »Square introduces small business banking
July 20 (Reuters) – Square Inc (SQ.N), the company led by Jack Dorsey, CEO of Twitter Inc (TWTR.N), launches small business banking services as it continues to grow beyond payment processing. Square Banking will offer small business savings and checking accounts as well as its existing loan offering, which has …
Read More »The shares of Instone Real Estate Group AG (ETR: INS) slipped, but the fundamentals look good: will the market correct the share price in the future?
With the stock down 8.2% last month, it’s easy to disregard Instone Real Estate Group (ETR: INS). The company’s fundamentals look pretty decent, however, and the long-term financial data is usually aligned with future market price movements. In particular, we decided to examine Instone Real Estate Group’s ROE in this …
Read More »Banking and Financial Regulatory News July 2021 # 3 | Hogan Lovells
content UK CRR: Draft Regulations for the Capital Requirements Regulation (Amendment) 2021 Implementation of the Basel III standards in Great Britain: PRA PS17 / 21 COVID-19: PRA removes guard rails for shareholder distributions by large banks GBP LIBOR Loan Agreements: Sterling Working Group publishes schedules and deliberations for borrowers BRRD: …
Read More »Hedge funds snap up
The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the first quarter, which will be releasing their stock positions as of March 31st. We went through these filings, corrected typos and other more significant errors, and identified the …
Read More »Retail Properties shares rise following its merger with Kite Realty, the REIT valued at approximately $ 2.8 billion
Shares in America Inc.’s retail real estate RPAI, -1.45% rose 4.3% in pre-trading on Monday after the shopping mall real estate investment trust and REIT Kite Realty Group Trust KRG, -1.70% announced a merger agreement that values ââthe shares of Retail Properties at a premium of 12.6% and implies a …
Read More »Company bank approved purchase of First Choice
Enterprise Financial Services Corp., the parent company of Enterprise Bank & Trust, announced that the acquisition of First Choice Bank has received all necessary regulatory approvals and is now in the hands of the shareholders of both banks. These approvals included a waiver from the Federal Deposit Insurance Corp. and …
Read More »Hong Kong companies fear being crushed between China and the US
US corporate groups say a warning from the Biden government about the risks of doing business in Hong Kong made their lives difficult as they face a full security crackdown from China. Citing the introduction of a strict national security law on Chinese territory last year, the US âeconomic consultancyâ …
Read More »Sunday July 18 – Twin Cities
DEVELOPMENT Dominium, a Plymouth-based owner, developer and manager of apartment buildings, announced that he has been hired Patrick Grant as director of financial affairs. FINANCIAL SERVICES US bank, Minneapolis announced it was named Tendayi Kapfidze as head of economic analysis. Kapfidze was most recently chief economist at Loan tree. … …
Read More »3 Dividend Stocks I Would Buy Right Now
I’m a huge fan of dividend stocks. Not only do you generate passive income, but you have in the past that too S&P 500 with less volatility. Because of this, I routinely buy dividend payers to mitigate some of the effects of my growth-oriented investments. Three Dividend stocks which are …
Read More »Simplifying your financial life has real benefits
Looking for something on my desk and actually finding it can be two very different exercises in my life. Instead, last week while looking for something I needed, I came across a small pile of papers that I had put off for a couple of years. They were forms that …
Read More »Why investors worry about a profit squeeze in 2022
July 17, 2021 I IT’S MID JULY, So the football season in England is about to begin. They probably didn’t realize it was over. The reporting season in which listed companies in America publish their quarterly results is similarly protracted and never seems to end. However, the second quarter starting …
Read More »In the housing market, fixer-upper offers opportunities – and challenges
In normal housing markets, Americans want houses that are ready to move into. But the post-pandemic housing market is far from normal, and soaring prices have caused home buyers to change their expectations. According to a survey by TD Bank of Americans looking to buy their first home in 2021, …
Read More »Federal Recovery Loans Available for DuPage Tornado Victims
SPRINGFIELD, Illinois (AP) – Residents whose property was damaged in June by a tornado that hit DuPage County and other Chicago suburbs are eligible for federal low-interest renovation loans. Illinois officials announced this week that the US Small Business Administration has granted long-term low-interest loan assistance. A tornado with winds …
Read More »3 stocks to buy with a dividend yield of more than 3%
Dividend yields have been under pressure in recent years. Several factors played a role in this return compression. Formerly profitable sectors such as energy and real estate have suffered a rapid dividend cut due to the difficult conditions in these sectors. Tech companies now prefer share buybacks over dividends. Add …
Read More »Intercorp Financial Services Inc. (NYSE: IFS) Short Interest Up 84.6% in June
Intercorp Financial Services Inc. (NYSE: IFS) saw a significant increase in short positions in June. As of June 30, there was short interest totaling 70,700 shares, an increase of 84.6% compared to June 15 with a total of 38,300 shares. Based on an average daily trading volume of 72,000 shares, …
Read More »Asia Pacific Wire & Cable Corporation Ltd. announces plans for a rights offering to shareholders
Taipei, Taiwan, July 16, 2021 (GLOBE NEWSWIRE) – Asia Pacific Wire & Cable Corporation Limited (Nasdaq: APWC) (the âCompanyâ), a leading manufacturer of wire and cable products for the telecommunications and power industries in Asia Pacific, announced today that it has filed a registration statement on Form F-1 (the âRegistration …
Read More »Why did the American Tower jump 21% in the first half of 2021?
What happened Shares in American tower (NYSE: AMT) rose 21% in the first half as the company beat earnings estimates and general investor sentiment for the real estate sector and 5G stocks improved. AMT total return level Data from YCharts American Tower is a REIT who owns and operates communication …
Read More »How House Hacking Lowers Your Cost of Living
The house hacking strategy in 7 steps Would you like to enjoy the benefits of house hacking? Here are the steps that you need to follow in order to implement this strategy in your own life. 1. Choose the type of opportunity House hacking comes in all shapes and sizes …
Read More »The Global Biometrics for Banking and Financial Services Market Report provides analysis of participants to improve their business tactics and ensure their long-term success
The market research study too Global Biometrics for Banking and Financial Services Market 2021 The research report examines current and future aspects of the Biometrics For Banking and Financial Services market based mainly on factors on which companies compete in the market, key trends and segmentation analysis. This report covers …
Read More »US sanctions Chinese officials and warns companies about Hong Kong sources
WASHINGTON, July 15 (Reuters) – The United States prepares to sanction a number of Chinese officials on Friday for Beijing crackdown on democracy in Hong Kong and warn international companies operating there of deteriorating conditions, two people knowing the situation said Reuters. The sources said the financial sanctions would target …
Read More »Ingram Park Mall on the West Side is being sold for $ 100.7 million in a foreclosure auction
Affected by the coronavirus pandemic, a distressed West Side shopping mall owned by one of the largest US retail landlords was foreclosed by its lender this month. A Morgan Stanley affiliate acquired Ingram Park Mall at 6301 NW Loop 410 for a $ 100.7 million bid in a foreclosure sale …
Read More »How is Ares Commercial Real Estate Corp (ACRE) stock doing on Wall Street Thursday?
Wall Street is positive about Ares Commercial Real Estate Corp (ACRE). On average, analysts give ACRE a buy rating. The average target price is $ 14.667, which means analysts expect the stock to decline -1.37% over the next twelve months. This average ranking gives ACRE an analyst rating of 30, …
Read More »Ex-rapper wants to make Bronxites bosses with new financial services company – Bronx Times
Sign up for our PoliticsNY newsletter for the latest coverage and stay informed of the 2021 elections in your district and across NYC Rapper Jason Shoneyin didn’t like where his music career was going, he wanted to be in full control and independent. When that didn’t happen, he left the …
Read More »The small business recovery is finally underway, but many businesses are being left behind
TORONTO, July 15, 2021 / CNW / – Small business recovery indicators are starting to move in the right direction, but arts and leisure (e.g. gyms, arcades) and hospitality (e.g. restaurants, hotels) are being left behind warns the Canadian Federation of Independent Business (CFIB). The latest data in CFIB’s Small …
Read More »Stock market LIVE updates: IT, real estate stocks lead the profits. L&T, Infosys go up to 2%. The happiest minds rise by 4%
Domestic equity benchmarks started Thursday’s session on a strong note amid broad-based gains across all sectors. L&T, HCL Tech, Tech Mahindra, Wipro and DRL were among Nifty’s top performers. On the other hand, ONGC, Asian Paints, Titan, HDFC and NTPC, among others, were losers. !1 new updateClick here for the …
Read More »Vice Chairman of the Federal Reserve deals with climate-related financial risks – finance and banking
United States: Federal Reserve Vice Chairman addresses climate-related financial risks July 14, 2021 Holland & Knights To print this article, all you need to do is register or log in to Mondaq.com. Highlights Federal Reserve Board (FRB) vice chairman for oversight, Randal K. Quarles, who is also chairman of the …
Read More »$ 265 million for ESG-focused specialty finance firm
NEW YORK, July 14, 2021 / PRNewswire / – Cambridge Wilkinson is pleased to announce that our client, an environmental, social and governance (ESG) focused specialty finance firm, has announced a $ 265 million transaction on their platform. Our client specializes in the financing of ESG projects in areas such …
Read More »US stock futures are flat after the major averages retreated from highs
US stock index futures were flat in overnight trading on Tuesday after major averages ended in the red, weighed down by inflation fears. Futures contracts linked to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 remained unchanged. The Dow closed the regular trading session down 107 points, or …
Read More »Regulatory scrutiny can be good for the industry
The latest regulatory audit of the cryptocurrency is “very healthy” for the sector, crypto billionaire Wu Jihan told CNBC on Tuesday. “I think that such an approach can be a good thing for the industry in the long term,” said Wu on the sidelines of the Asia Tech x Singapore …
Read More »Intellabridge Technology Corporation Announces Kash Points Token System
Menlo Park, California; Vancouver, British Columbia; and Boulder, Colorado – (Newsfile Corp. – July 12, 2021) – Intellabridge Technology Corporation (CSE: INTL) (“Intellabridge”) today announced plans to release a blockchain-based loyalty token point system to its customers and corporate partners. This next generation loyalty token point system is designed to …
Read More »5 Unstoppable Stocks To Invest $ 25,000 In Now
While the stock market offers few guarantees, the story is pretty clear: long-term investing is a win. The widespread one followed in 1950 S&P 500 38 has suffered crashes or corrections of at least 10%. Despite these fairly frequent downward movements in the market, the benchmark index has eventually put …
Read More »Greystone is providing a $ 15.3 million HUD-insured refinancing loan for a multi-family portfolio of three properties totaling 278 units in Connecticut
NEW YORK, NY – Greystone, a leading national commercial real estate finance company, has provided a total of $ 15,315,000 in HUD-insured loans to refinance a portfolio of three Connecticut apartment buildings of 278 units. The loans were granted by Leor Dimant, Managing Director at Greystone. Each of the non-recourse, …
Read More »Investment and takeover boom looms as UK companies seek growth – business | Companies
Good morning and welcome to our ongoing coverage of the global economy, financial markets, euro zone and business. With business confidence rising, UK companies are preparing for an investment boom, job creation and looking for potential deals. After more than a year of cutting costs and fighting the pandemic, companies …
Read More »China’s real estate bonds offer high returns – for the brave
Residential and commercial buildings in Hong Kong. ANTHONY WALLACE / AFP via Getty Images Text size Tech stocks aren’t the only Chinese assets to crash recently. B-rated corporate bond spreads, which are reversing price, have risen about seven percentage points in the last month, said Paul Lukaszewski, head of Asia …
Read More »National nonprofit lender, grantor returns to Cleveland after 15 years absence
A national credit and grant organization that pulled out of Cleveland 15 years ago returns to the area to help narrow the gaps in wealth, work and welfare. Local Initiatives Support Corp., better known as LISC, tacitly began rebuilding its presence here last year by providing more than $ 1 …
Read More »Does Motilal Oswal Financial Services (NSE: MOTILALOFS) earnings warrant your attention?
Like a puppy chasing its tail, some new investors often chase “the next big thing,” even if that means buying “story stocks” with no revenue, let alone making a profit. And in her study entitled Who falls victim to the wolf on Wall Street? ‘ Leuz et. al. found that …
Read More »Action against Didi and similar companies could cost China up to $ 45 trillion by 2030
A navigation map in the app of the Chinese ride-hailing giant Didi can be seen on a mobile phone in front of the app logo shown in this illustration image dated July 1, 2021. Florence Lo | Reuters This was a week for global investors – or anyone concerned about …
Read More »Real estate stocks: We are at the beginning of a positive real estate cycle: Anshul Saigal
The real estate sector offers investors an exciting opportunity for the next 2-5 years, says Anshul Saigal of Kotak Mahindra AMC. Edited excerpts: How do you see the general market sentiment? How are we currently positioned compared to the overall macros and what do we expect with the start of …
Read More »Does a VA Loan In San Diego Make Sense?
San Diego may have one of the largest military concentrations in the country, but they don’t settle here as much as some areas. The top spots for VA purchase loans in the first half of 2021 were Washington, DC, Virginia Beach and San Antonio, according to a study by loan …
Read More »San Francisco Launches Large Small Business Finance Program
SAN FRANCISCO (BCN) – A new program will provide interest-free loans to small businesses in San Francisco of up to $ 100,000 as they continue to recover from the COVID-19 pandemic, Mayor London Breed told Thursday. The SF Small Business Recovery Loan Fund has been accepting applications since Thursday, trying …
Read More »Where Discover Financial stands with analysts – Discover Financial Services (DFS)
Analysts have given the following ratings for Explore finances (NYSE: DFS) within the last quarter: Last 30 days 1 month ago 2 months ago 3 months ago Bullish 1 0 0 1 A bit bullish 1 1 0 0 Indifferent 0 2 0 4th A bit bearish 0 0 0 …
Read More »Can the supervisory authorities at D&I in the financial services sector change gear?
The Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England (the regulators) have released a discussion paper (DP21 / 2) sharing the industry’s views and input on their diversity plans and seek inclusion in financial services. The paper shows a thoughtful commitment to the value …
Read More »NYC’s 10 Largest Out-Borough Loans in June 2021
From left: Andrew Chung, CEO of Innovo Property Group, with 1110 Oak Point Avenue, Blackstones Jon Gray with the Skyview Mall and Joseph Moinian with 123 Linden Boulevard (New York Expo Center, Innovo, The Moinian Group, Getty, Shops at Skyview) Outskirts real estate financing remained healthy in June, at least …
Read More »MGIC Investment Corporation plans earnings call for Q2 2021 and publishes monthly operating statistics
MILWAUKEE, July 9, 2021 / PRNewswire / – MGIC Investment Corporation (NYSE: MTG) announced plans to release financial results for the second quarter of 2021 after the market closes Wednesday 4th August, 2021. A conference call / webcast is scheduled for 10:00 am Eastern Time on scheduled Thursday 5th August …
Read More »The Smartest Stocks to Buy for $ 500 Now
Want to know what to consider when investing in stocks? I can sum it up in one word: start. If you wait to invest, you can forego substantial profits. The good news is that you don’t need a lot of cash to start investing. For just a few hundred dollars, …
Read More »Opinion: ‘You don’t need to be fully invested today in the midst of excesses and speculation,’ says veteran investor Jim Stack
Since he named the stock market crash in 1987 as a young analyst, Jim Stack has been one of the leading market opponents. Based in Whitefish, Montana, he takes a “safety-first” approach in his Investech Research newsletter and in his $ 1.5 billion asset management firm Stack Financial Management. Stack …
Read More »First time home buyer in New York
What You Should Know About Buying a Home in New York Buying a home in New York can look very different depending on where you plan to settle. For example, shopping in and around NYC costs much more than a remote location in upstate NYC. Regardless of their location, first-time …
Read More »Fintech financing in London increases in the first half of the year
The financial district of the City of London is seen with high rise office buildings commonly known as “Cheesegrater”, “Gherkin” and “Walkie Talkie” in London, Great Britain, on 25 January 2018. Picture dated January 25, 2018. REUTERS / Toby Melville / LONDON, July 8 (Reuters) – London-based fintech companies raised …
Read More »Brazil’s Petrobras price hikes demonstrate the company’s independence
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazil’s President Jair Bolsonaro was not consulted or informed this week about the decision by state oil giant Petrobras to raise fuel prices, which underscores the company’s independence, CEO Joaquim Silva e Luna told Reuters on Wednesday. The former army general, …
Read More »These 3 MSOs are ready for Connecticut’s new recreational marijuana market
L.Connecticut became the 19th state to pass laws allowing recreational marijuana use last month, and sales could begin next May. In a few years, the market could be worth over $ 700 million. And while it probably won’t be nearly as big as the markets in nearby New Jersey or …
Read More »Easiloan Introduces India’s First Home Buyer Loan Selection and Recommendation Engine Using AI-Based Application
Contacts to leading banks and financial institutions such as HDFC, ICICI Bank, SBI, Bajaj Housing Finance, PNB, IIFL Home Finance and other “Easiloan Instant Match” – AI-based online function reduces the time and effort required to match the customer profile with an optimal credit partner Easiloan.com offers a fully digital …
Read More »Recent analysis of the Consumer Financial Protection Bureau’s data shows an exponential increase in fintech and crypto complaints at CFPB | Insights
Data intelligence company Morning Consult recently analyzed consumer complaints filed with the Consumer Financial Protection Bureau (CFPB). The analysis showed that consumer complaints related to fintech and crypto at CFPB “exploded” in early 2021 compared to the same period in 2020. Our customers should be aware that the strong increase …
Read More »IMAX Corporation Announces Second Quarter 2021 Financial Results and Holds Conference Call
NEW YORK, July 6, 2021 / PRNewswire / – IMAX Corporation (NYSE: IMAX) announced today that it will host a quarterly conference call to review its financial results for the second quarter of 2021 on Tuesday July 27th, at the 4:30 p.m. Eastern Time. IMAX logo. (PRNewsFoto / IMAX Corporation) …
Read More »So I think Powerlong Real Estate Holdings (HKG: 1238) might deserve your attention today
It is only natural that many investors, especially those new to the game, would prefer to buy stocks of “sexy” stocks with a good history, even if those companies are losing money. But as Warren Buffett mused, ‘If you’ve been playing poker for half an hour and you still don’t …
Read More »The 3 advantages of buying real estate with hard cash loans
Published Monday, July 5, 2021 10:33 a.m. Join AFP’s 100,000+ followers on Facebook Purchase a subscription to AFP Subscribe to AFP podcasts on iTunes and Spotify News, press releases, letters to the editor: [email protected] Advertising inquiries: [email protected] (© fizkes – stock.adobe.com) Using a traditional loan when investing in real estate …
Read More »Jersey financial services company exempt from OECD tax proposal
Financial services companies and mutual funds based in Jersey are not subject to the OECD proposal to impose a minimum global tax of 15%. Jersey’s corporate tax system known as Zero-Ten has allowed the Channel Island to keep its corporate tax at 0% and for financial services companies at 10%. …
Read More »MaxAB, the Egyptian B2B grocery and grocery delivery startup, raises $ 40 million for expansion – TechCrunch
Globally, food and grocery delivery startups have been running mega-rounds lately, especially in Europe as the pandemic has resulted in more people ordering online than ever before. This growth has resulted in an increase in volume on ecommerce platforms around the world. While it relatively no action in Africa in …
Read More »TFSA investors: 1 low-risk real estate share with a focus on great locations Great
At home ” Invest » TFSA investors: 1 low-risk real estate share with a focus on great locations Great Wall finances (TSX: WFC) is a Canadian public real estate investment and development company. The company’s historic asset base consists of residential real estate and hotels in the Metro Vancouver area …
Read More »Banking technology is all about digital disruption and financial services
It is often said that a bank is a tech company in disguise. The unstoppable rise of fintech startups in recent years clearly shows that the more a traditional bank can think and act like a light-footed technology company, the greater its chances of survival and success. The rise of …
Read More »Massive ransomware attack can affect thousands of victims
(Bloomberg) – Just weeks after President Joe Biden pleaded with Vladimir Putin to curb cybercrime, an infamous Russian-affiliated ransomware gang was accused of carrying out a bold attack on the global software supply chain. REvil, the group blamed for the May 30th ransomware attack by meat packing giant JBS SA, …
Read More »Call of the day: PNC Financial Services Group
PNC Financial Services Group Inc (NYSE: PNC) was featured as Call of the Day in CNBC’s Fast Money Halftime Report on Friday. What happened: Wolfe Research analyst Bill Carcache has double upgraded PNC from underperform to outperform and raised its target price from $ 194 to $ 252. The analyst …
Read More »AM Best confirms credit ratings from WAICA Reinsurance Corporation PLC
LONDON 02 July 2021– (BUSINESS WIRE) –Preferably has confirmed the Financial Strength Rating (FSR) of B + (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of WAICA Reinsurance Corporation PLC (WAICA Re) (Sierra Leone). The outlook for these credit ratings is stable. The ratings reflect WAICA Re’s balance …
Read More »Real estate prices in Manhattan hit a new record with a buying frenzy
Guests attend a pool party at the penthouse apartment in the 50 United Nations Plaza building in New York. Michael Nagel | Bloomberg | Getty Images Manhattan real estate prices hit an all-time high in the second quarter as shoppers returned to town and new reports boosted demand for the …
Read More »It is a sellers’ market for local real estate | Local business
KBH Realty Group of Farmington’s broker and owner Kim Briese said she was seeing the seller’s market weakening. “I think it’s starting to shift a bit. The seller’s market is starting to wear off,” she said. “We still have a shortage, but things are getting better. I have several offers …
Read More »India’s central bank says big tech’s growing presence in financial services is a problem – TechCrunch
The Central Bank of India identified big tech’s foray into financial services as a challenge for banks in the South Asian market and said the growing presence of these companies raised concerns about creating an unequal playing field. In a report released Thursday, the Reserve Bank of India (RBI) said …
Read More »Massachusetts Financial Services Company UK Regulatory Notice: Form 8.3 – Willis Towers Watson plc
LONDON–(BUSINESS WIRE) – FORM 8.3 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 TRADING BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTS 1% OR MORE 1. KEY INFORMATION Name of the acting person Massachusetts financial services company Company traded in WILLIS …
Read More »Asian stocks are largely down ahead of the US jobs report watched | Business news
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) – Asian stocks were mostly lower Thursday as investors waited for high-profile US jobs for clues as to how the pandemic recovery is going. Japan’s benchmark Nikkei 225 lost 0.4% to 28,707.04, while South Korea’s Kospi lost 0.5% to 3,281.79. The Australian …
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