Monthly Archives: July 2022

Card lenders trust US consumers as they seek new borrowers

Major U.S. credit card lenders are signaling confidence in the U.S. consumer, stepping up marketing efforts to attract new borrowers even as the economy slips into a technical recession. After rising 47% in the first quarter, the volume of paper and digital mail solicitations sent by U.S. credit card issuers rose again in the second quarter, according to preliminary data ...

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Akbank TAS (OTCMKTS:AKBTY) is trading down 4.3%

Akbank TAS (OTCMKTS:AKBTY – Get Rating) stock price fell 4.3% on Friday. The company traded as low as $1.01 and last traded at $1.01. About 1,901 shares changed hands during trading, down 93% from the average daily volume of 27,559 shares. The stock previously closed at $1.05. Changes to analyst ratings Separately, JPMorgan Chase & Co. raised its price target ...

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SG Americas Securities LLC holds $1.35 million stake in Bank of Hawaii Co. (NYSE: BOH)

SG Americas Securities LLC increased its holdings of Bank of Hawaii Co. (NYSE:BOH – Get Rating) stock by 365.9% during the first quarter, Holdings Channel.com reports. The company held 16,107 shares of the bank after acquiring an additional 12,650 shares during the quarter. SG Americas Securities LLC’s holdings in Bank of Hawaii were worth $1,352,000 at the end of the ...

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Zelle scammers use personal information stolen from breaches and the ‘dark web’ to deceive bank customers

SAN FRANCISCO– In a widespread scam, banking imposters are tricking people into sending them money with Zelle, the popular quick payment app. The scam has been rampant across the country for over a year. Now others are coming forward – among the latest is a San Francisco man who says the imposters knew all his banking information, which led him ...

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The Newcastle United Blog | Newcastle secure £140m loan to help with summer spending according to report

There was an interesting revelation yesterday as Kieran Maguire, author of The Price of Football, posted the following tweet about Newcastle getting a loan from HSBC. In a follow-up tweet, Maguire said it would likely help cash flow in the near term, although no amount was provided. Newcastle borrows from HSBC secured on ticket sales and media rights pic.twitter.com/EYRAKCri8F — ...

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Delphi Pensions Bill Advances | New

Thousands of Delphi retirees have taken a step closer to restoring their pensions under a federal bill that has now been approved by the US House of Representatives. House members approved the bill Wednesday in a vote of 245 to 175. The bill would cover many former employees of Delphi’s Lockport plant who lost their retirement benefits. Under the bill, ...

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PRESS RELEASE: Consumer Protection Bureau Joins Multi-State Settlement Recovering $34.2 Million for US Military Scammed by Harris Jewelry

MINISTRY OF TRADE AND CONSUMPTIONBUREAU OF CONSUMER PROTECTION DAVID Y.IGEGOVERNOR CATHERINE P. AWAKUNI COLÓNDIRECTOR STEPHEN H. LEVINSEXECUTIVE DIRECTOR, BUREAU OF CONSUMER PROTECTION FOR IMMEDIATE RELEASEJuly 20, 2022 Office of Consumer Protection joins multi-state deal recovering $34.2 million for US military defrauded by Harris JewelryHarris Jewelry must provide refunds, stop collecting debts and fix bad credit scores for more than 46,000 ...

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Albanian government strengthens climate bill to try to win support of independents teal | Climate crisis

The Albanian government has strengthened its climate legislation to make it clear that future emissions reduction targets can only increase, as well as to increase the transparency of its response to expert advice from the Climate Change Authority. The tweaks ahead of the bill’s introduction on Wednesday follow negotiations with the crossbench and the Greens and come as the latest ...

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Business Spotlight 2022: Q&A with a new face, Jennifer Vollor of Coxsackie National Bank – Spotlight News – The home of The Spot 518

COXSACKIE — The Spotlight recently met a new face at the Bank, Jennifer Vollor Question: Jennifer, can you tell us a bit about yourself and your role at National Bank of Coxsackie? I have been in the bank for 10 years. Work first with Citizens Bank, then make the switch to a Sidney Federal Credit Union. I am 25 years ...

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One stop solution for all credit needs

Your credit score is the most important thing if you want to transact on credit. A credit score gives you insight into your ability to repay loans and establishes trust between financial institutions and users. The rise of credit score apps is leading financial institutions around the world to invest more in mobile apps that interact with users in real ...

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When Does Refinancing Your Car Make Sense? – Harlem World Magazine

Have you financed the purchase of your vehicle with a car loan? You can refinance this debt to reduce the pressure it puts on your finances. When you refinance an auto loan, you take out a new loan and pay off the remaining amount of the loan you already have on your vehicle. The majority of these loans are secured ...

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Bernie Sanders teams up with conservatives against Biden-backed semiconductor bill

WASHINGTON — A bill to boost U.S. semiconductor production has managed to do almost the unthinkable — unite Democratic socialist Sen. Bernie Sanders and the fiscally conservative right. The bill making its way through the Senate is a top priority for the Biden administration. This would add about $79 billion to the deficit over 10 years, mostly due to new ...

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CT consumers will get a refund from the payday loan collection agency

CONNECTICUT — The state’s banking department has reached a settlement with a consumer collection agency trying to collect payday loans that can’t be enforced in Connecticut. Connecticut-licensed consumer collection agencies cannot collect on small loans (less than $15,000) from unlicensed non-exempt lenders, including those affiliated with tribes. Small loans made to Connecticut consumers by licensed or exempt lenders that charge ...

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Parallel Advisors LLC Reduces Equity Position in Waterstone Financial, Inc. (NASDAQ:WSBF)

Parallel Advisors LLC reduced its position in Waterstone Financial, Inc. (NASDAQ: WSBF – Get Rating) by 19.4% during the 1st quarter, reports HoldingsChannel.com. The institutional investor held 4,038 shares in the savings and loan company after selling 972 shares during the period. Parallel Advisors LLC’s holdings in Waterstone Financial were worth $78,000 when it last filed with the Securities and ...

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SBI WhatsApp banking offers these services. Here’s how you can use it

Tapping into WhatsApp’s growing user base, India’s largest public lender, State Bank of India (SBI), has now started offering banking services based on the messaging platform to its customers. Now, checking account balance, viewing mini statements would be as easy as opening their WhatsApp mobile app for SBI customers. In a recent tweet, the public bank said: “Your bank is ...

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GRITSTONE BIO, INC. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Registrant Arrangement, Financial Statements and Exhibits (Form 8-K)

Section 1.01 Entering into a Material Definitive Agreement. On July 19, 2022, Gritstone Bio, Inc. (the “Company”) has entered into a loan and guarantee agreement with Hercules Capital, Inc., as administrative agent and guarantee agent for itself and the other lenders, Bank of Silicon Valley and the financial institutions or entities thereto from time to time, each as a lender ...

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Senators Introduce Quantum Computing Security Bill – MeriTalk

Senators Maggie Hassan, DN.H., and Rob Portman, R-Ohio, introduced new legislation that will prepare the United States for quantum cybersecurity risks. The bipartisan Quantum Computing Cybersecurity Preparedness Act would require the Office of Management and Budget (OMB) to continue migrating and prioritizing information technology to post-quantum crypto for many federal agencies. “The development of quantum computers is one of the ...

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MD Harsha Bangar – The New Indian Express

By PTI NEW DELHI: The Export-Import Bank of India (Exim Bank) plans to raise $3.8 billion through raking in foreign currency funds in the current fiscal year under its global medium note program term (GMTN), said a senior official. As a political bank, wholly owned by the union government, the bank also has a budgeted allocation of Rs 1,500 crore ...

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Installment Loans at Greendayonline.Com | BOSS Magazine

Reading time: 5 minutes Major life events such as buying a home or financing an automobile are best financed with installment loans. Large purchases can be spread over a period of six months to 30 years with installment plans. Installment loans aren’t always the best option for big purchases like a house. As with any other form of debt, it’s ...

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An honest review of Simplifi by Quicken

The future is always uncertain, but now especially, it can seem difficult to know exactly what it holds. Inflation and interest rates are on the rise amid global shortages, but that doesn’t mean it’s time to panic. Instead, it’s a good reminder to take control. Fortunately, when it comes to organizing expenses and planning accordingly, technology makes things a lot ...

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SigmaTron International, Inc. reports amended credit

ELK GROVE VILLAGE, Ill., July 21. 10, 2022 (GLOBE NEWSWIRE) — SigmaTron International, Inc. (NASDAQ, SGMA), an electronics manufacturing services company (the “Company”), today announced that it has amended its existing credit agreement with JPMorgan Chase Bank, NA (“JPMorgan Chase”) and signed a new term loan with The Private Credit Group of TCW Asset Management Company LLC, as administrative agent, ...

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Bipartisan Senate group reaches deal to rewrite voter count law

WASHINGTON — A bipartisan group of senators on Wednesday proposed new legislation to modernize the 135-year-old voter count law, working to overhaul a law that President Donald J. Trump tried to abuse on Jan. 6, 2021. , to interfere with Congress’ certification of his electoral defeat. The legislation aims to ensure a peaceful transition from one president to the next, ...

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China leaves lending rates unchanged

China’s central bank kept its key rates unchanged, as widely expected, on Wednesday despite the tightening stance adopted by its global peers. The People’s Bank of China kept the five-year loan prime rate, or LPR, the benchmark for mortgage rates, unchanged at 4.45%. The rate was cut a record 15 basis points in May and five basis points in January. ...

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Mercantile Bank Corp up 4.62% to $33.54 after earnings falter

Mercantile Bank Corp (MBWM) said ahead of Tuesday’s open that it earned $0.74 per share in the second quarter of 2022. On the revenue line, the company reported $42.1 million, missing estimates of $663,000. In the same quarter a year ago, the company earned $1.12 per share on revenue of $45.4 million. The stock is up 4.62% at $33.54 after ...

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Consorsbank launches a current account – ThePaypers

Consorsbank, based in Germany, announced the offer of a new current account called “Unlimited” for its customers. The Unlimited current account should complement Consorsbank’s current range of accounts. The offer includes a Visa Card Gold (Charge Card) and a Girocard (VPay). With the Visa Card Gold, users can pay for free anywhere in the world and withdraw cash at any ...

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Oklahoma State University – Center for Health Services pays over $875,000 to settle hacking breach | Goodbye

What did the duck say when she went to buy lipstick? Put it on my bill! Speaking of bills (kind of money, not a bill), Oklahoma State University had to pay a huge bill of $875,000! It acts as a settlement for a huge violation of hacking OSU CHS web servers. Oklahoma State University has agreed to pay the price ...

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Blue Owl Capital Inc. Announces Redemption of Public Warrants

NEW YORK, July 18, 2022 /PRNewswire/ — Blue Owl Capital Inc. (NYSE: OWL) (“Blue Owl” or the “Company”) today announced that the Company will redeem all outstanding redeemable warrants (the “Public Warrants ”) to purchase shares of the Class A common shares of the Company, par value $0.0001 per share (the “Class A Shares”), pursuant to the Amended and Restated ...

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Down 70% in 2022, is this high-yielding stock a buy?

While lease-to-own (LTO) might not be the most glamorous business model, that doesn’t mean that a leading LTO company like Rent-A-Center (RCII 8.07%) may not be a good investment. Rent-A-Center mainly rents durable household goods such as furniture and appliances to consumers on a leasing basis, as well as electronic devices such as computers, tablets, smartphones, etc. These leases typically ...

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BDC Weekly Review: The next recession will likely be very different

Darren415 This article was first published to Systematic Income subscribers and free trials on July 9th. Welcome to another installment of our weekly BDC Market Review, where we discuss market activity in the Business Development Corporation (“BDC”) sector both from the bottom up – highlighting the people news and events – as well as top to bottom – providing an ...

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Bank of Montreal (NYSE:BMO) versus DNB Bank ASA (OTCMKTS:DNBBY) Financial Analysis

Bank of Montreal (NYSE:BMO – Get Rating) and DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) are both large-cap finance companies, but which stock is better? We’ll compare the two companies based on their risk strength, dividends, earnings, profitability, analyst recommendations, institutional ownership and valuation. Profitability This table compares the net margins, return on equity and return on assets of Bank ...

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Could China Take Over the Moon? Space security experts explain the reality

NASA Administrator Bill Nelson recently expressed concerns about China’s goals in space, and in particular, that China would somehow claim ownership of the Moon and prevent other countries from exploring it. In a interview with a German newspaperNelson warned: “We must be very worried that China will land on the moon and say, ‘It’s ours now and you stay out.'” ...

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2 growth stocks down more than 80% that could turn around in the second half of 2022

Let’s be clear on one thing: any stock that loses 80% of its value from its all-time high has inherent risks. But that doesn’t mean the company can’t invest, especially given the scale of the sell-off in the tech sector in 2022. In many cases, investor sentiment has turned so negative that losses in some stocks individual might be exaggerated. ...

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C&F Financial (NASDAQ:CFFI) shares drop below the two-hundred-day moving average of $50.33

C&F Financial Co. (NASDAQ:CFFI – Get Rating) stock price fell below its 200-day moving average during Friday’s session. The stock has a 200-day moving average of $50.33 and is trading as low as $46.05. C&F Financial shares last traded at $46.05, with volume traded at 904 shares. Wall Street analysts predict growth Separately, StockNews.com launched coverage on C&F Financial shares ...

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US Senate to vote on simplified Chinese chip bill on Tuesday – source

Semiconductor chips are seen on a computer circuit board in this illustrative photo taken February 25, 2022. REUTERS/Florence Lo/Illustration Join now for FREE unlimited access to Reuters.com Register WASHINGTON, July 14 (Reuters) – Senate voting on a bill to boost the U.S. semiconductor industry and improve competitiveness with China could begin as early as Tuesday, the Senate Majority Leader said. ...

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CURO completes the acquisition of First Heritage Credit and increases its financing capacity

WICHITA, Kan.–(BUSINESS WIRE)–CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a technology-driven, omnichannel consumer finance company serving unpreferred and blue-chip consumers in the United States and Canada, today announced that it has completed its previously announced acquisition of First Heritage Credit (“FHC”), a consumer lender that provides prime installment loans as well as customary optional insurance and other financial products, based ...

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Is money safe in a bank during a recession?

Banking regulations have evolved over the past 100 years to better protect consumers. You can keep money in a bank account during a recession and it will be safe with FDIC insurance. Up to $250,000 is safe in individual bank accounts and $500,000 is safe in joint bank accounts. Loading Something is loading. Recessions are an integral part of the ...

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Congressman urges marijuana banks added to defense bill, reveals ‘positive’ new tax analysis

The House sponsor of a bipartisan marijuana banking bill said he would continue to push for the measure’s inclusion as part of a sweeping defense bill — and that that support is set to be bolstered by a new “positive” analysis from the Congressional Budget Office (CBO) that found the reform would save taxpayers’ money if passed. He also touched ...

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STEP Energy Amends and Extends Credit Facility

CALGARY, Alta., July 12. 2022 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (TSX: STEP) (“STEP” or the “Company”) is pleased to provide an update on its credit agreement. STEP has reached an agreement with a syndicate of Canadian banks amending and extending its credit agreement. The principal terms of STEP’s Third Amended and Restated Credit Agreement (the “Credit Agreement”) include: ...

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Mark Leibovich says the days of Washington’s bipartisan institutional figures like the late Sen. John McCain are ‘absolutely’ over

Mark Leibovich told Insider in an interview that the days of high-profile institutional figures like the late Senator John McCain of Arizona commanding the bipartisan consensus in Congress are “absolutely” over, reshaped by the heightened political climate in Washington, D.C. . McCain, the 2008 Republican presidential candidate who was known to cross the aisle to work with Democrats on major ...

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Highest savings account rates today: July 11, 2022

Savings interest rates have continued to rise throughout 2022. If you’re looking for a place to keep your money, a high-yield savings account might be a good choice. Our guide to the best savings accounts and our guide to the best high-yield savings accounts can be great starting points in your search. But if you prioritize finding the highest rates ...

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Financial engineering will be tried in bankruptcy courts

US corporate bankruptcy attorneys may suddenly have to cancel their summer vacations. They can’t object because most of them have been vacant for at least two years. Although equity markets have been declining throughout the year, financial conditions have only recently tightened markedly. The result is that several companies facing a cash flow or supply chain crisis have not been ...

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Bill to give validity to family courts of Nagaland, Himachal | MorungExpress

Central Government notification to give effect to the provisions of the Family Courts Act 1984 New Delhi, July 10 (PTI): The lack of mandatory central government notification has called into question the jurisdiction of family courts set up to ensure prompt resolution of marriage-related disputes in two states. To overcome the legal difficulty, the government is introducing a bill to ...

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Where is SCOTUS? Protest organizers will offer Venmo $200 to anyone providing real-time locations of conservative Supreme Court justices

A left-leaning organization will offer individuals up to $200 to share the current whereabouts of conservative Supreme Court justices. “DC Service Industry Workers…If you see Kavanaugh, Alito, Thomas, Gorsuch, Coney Barrett or Roberts, email us with the details! We’ll send you $50 for a confirmed sighting and $200 if they are still there 30 minutes after your message,” ShutDownDC tweeted ...

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This is the average savings balance of a 40-year-old

Image source: Getty Images How does yours compare? Key points Personal Capital reports that their average user had approximately $57,000 in savings in 2021. It’s a good plan to have about six months of living expenses saved for emergencies. Beyond this amount, consider investing to potentially earn a higher return. Many people struggle to save money earlier in their careers. ...

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A small business owner got $150,000 by selling an interest in his house

In the summer of 2018, Claudio Delfino returns from a trip to Italy determined to pursue a dream. A nuclear engineer by training, he wanted to create a wine company. In September, he and his wife, Emilia, opened a small boutique in Portland, Oregon, where they began selling wines from Italy and France. Their business, Delfino Fine Wines, did well ...

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Trainer explains gun safety options for children

JONESBORO, Ark. (KAIT) – Gun safety is a topic that continues to make its way into conversations. Recently, a bipartisan bill was passed to address gun safety, but most of the time, gun safety starts at home. After a chilling night of an accidental shooting in Wynne on Thursday, the subject of gun safety has returned. “If it’s not on ...

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Timothy Nuy discusses Finclusion’s mission to end debt traps by providing sustainable installment loans to more Africans

Enjoy the interview with Timothy Nuy. BI Africa: It’s nice talking to you, Mr. Nuy. For the benefit of those who may not know you, please introduce yourself and what you do at Finclusion. Timothy Nuy: I started working in Africa with a German company called Africa Development Corporation. It is an investment banking group with operations across Africa. We ...

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What Happened When I Canceled My Amazon Prime

wavebreakmedia / Shutterstock.com Last year I got tired of paying for Amazon Prime. With Prime Day 2022 fast approaching, it might be a good time to decide if subscribing is worth it for you too. In the end, I dropped Prime and then re-subscribed. The why story is kinda crazy, or so I feel. Read on to learn more and ...

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Hotel trust issues $465 million in commercial mortgage-backed notes

A single loan initially backed by a portfolio of 36 hotel properties is one of the main collateral elements of the HIT Trust 2022-HI32 issue which has been provisionally rated by Moody’s Investor Services. The transaction’s sponsor, Hospitality Investors Trust, is an unlisted real estate investment trust. Crestline Hotels & Resorts, Hilton Worldwide Holdings and McKibbon Hotel manage the properties, ...

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An update from the SEC: marketing rules implementation and Reg BI enforcement

Several weeks ago, the Securities and Exchange Commission charged Western International Securities and five of its brokers with violating the SEC’s Best Interest Rule. The charges stem from allegations that the firm recommended and sold unrated, high-risk debt securities, known as L bonds, to retirees and other retail investors. The SEC alleges that the firm’s brokers sold those bonds to ...

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M&G acquires major stake in Finance Ireland | New

M&G has acquired a 41% stake in non-bank lender Finance Ireland for 50 million euros. The investment in Ireland’s largest non-bank lender was made on behalf of the £143bn Prudential With Profits fund and external client funds managed by M&G Investments. Finance Ireland offers a hugely diverse range of lending products including residential mortgages, commercial property, car finance, leasing, SME ...

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What is debt consolidation and how does it work?

If your debts continue to climb, you may want to consider debt consolidation to help you get everything under control. /Getty Pictures If you’re in mounting debt, you’re probably not alone. According to recent data from Experian, Americans had an average debt balance of $96,371 in 2021, a 3.9% spike from the previous year. This figure includes credit card debt, ...

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How banks can compete in the post-neo-banking era

Happy young woman holding big fork and table knife while sitting at sidewalk cafe Getty FINTECH SNARK TANK COMMENTS There is a concept in the blockchain world called a hard fork, defined as follows: “A change to a network’s protocol that makes previously invalid blocks and transactions valid, forcing all users to upgrade to the latest version of protocol software.” ...

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Here’s what you can do for cheaper credit

As banks raise interest rates on loans, EMIs rise and pressure on household budgets increases. Now borrowers are looking for cheaper loan options. Here is a way to get a relatively cheaper loan – a good CIBIL score. The score indicates the creditworthiness of a borrower. Know in detail how it helps to get a cheaper loan and how to ...

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At least 6 dead, 24 injured after shooting in Highland Park, Illinois, 4th of July parade

Police launched a massive manhunt on Monday for a rooftop shooter after at least six people were killed and 24 others injured in a 4th of July parade in an affluent Chicago suburb, authorities said. A high-powered rifle was found and police are looking for a gunman, described as an 18-20 year old white male with long dark hair, who ...

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Broker commission decoupling could happen

Agent commissions of the future could be vastly different than they are today as a Justice Department investigation into the issue of decoupling buyer and broker commissions continues, class action lawsuits progress and that associations and MLS adjust their policies. Those who examine commission coupling argue that it stifles competition in the market and violates antitrust law, while those who ...

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Singletary: Here’s how to get the hottest investment of 2022

The government’s anti-inflation savings bond is currently like a Birkin bag – highly coveted. With the stock market collapsing and inflation rising, people are desperate for a place to park their extra cash. Paying 9.62%, the relatively unknown and inflation-resistant Series I savings bond became a hit with $17.5 billion sold in the six months ending May, according to the ...

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Opportun Completes $400 Million – GuruFocus.com

SAN CARLOS, Calif., May 24, 2022 (GLOBE NEWSWIRE) — Oportun (OPRT), a mission-driven fintech and digital banking platform, today announced the issuance of $400 million in asset-backed notes two-year renewable assets secured by a pool of unsecured and secured installment loans. The offering included four classes of fixed rate notes: Class A, Class B, Class C and Class D. DBRS, ...

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RFL Electronics secures $23.0 million credit facility with UK institution

Published: 03 July 2022 17:33:53 RFL Electronics Ltd (REL) secured a $23.0 million credit facility from the UK Development Finance Institution to expand its manufacturing capacity for home appliances. The British International Investment loan will be used to import machinery for the company’s new factory in the Danga Industrial Park, the company said in a statement, bdnews24.com reports. REL, a ...

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What is being done to keep children safe at school

Dr Cesar Morales The mass shooting that claimed the lives of 21 people at Robb Elementary School in Uvalde, Texas is the latest incidence of what has become a horribly common occurrence in our country. Here in Ventura County, students, parents and school employees are understandably scared. As the father of a daughter in our local public school system, I ...

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China lends money for ‘unprofitable’ train project in Iran

China is lending Iran around $2.3 billion for a fast train project between Qom and Isfahan at a substantial interest rate, Tehran’s Shargh daily reported. In an article by economics writer Maryam Shokrani on Saturday [July 2], Shargh reported that China has already opened a letter of credit for the project and will complete payment of the 15 billion yuan ...

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Cadeler secures $192.3 million loan to fund new offshore wind farm

Offshore wind contractor Cadeler has entered into a green secured revolving credit facility (“RCF”) of a 3-year term loan of €185 million (approximately $192.3 million). Together with the company’s cash and cash equivalents, the RCF facility will be used to fund Cadeler’s new offshore wind turbine and foundation installation vessels, as well as for general corporate purposes. “The RCF is ...

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Why the bipartisan Lankford-Bennet bill is key to solving Americas savings crisis

What do you want to know The Emergency and Retirement Savings Enhancement Act would give savers easier emergency access to funds from employer-sponsored retirement plans and IRAs. The sponsors are Sens. James Lankford, R-Okla., and Michael Bennet, D-Colo. The author says the bill would remove a major barrier to increased use of retirement savings plans by workers. Record inflation is ...

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