Profit

FBN Holdings’ annual revenue tops N757 billion, profit hits N151 billion after large loan repayment

FBN Holdings Plc saw its gross profit for the last year soar to 757.3 billion naira, 28.2% more than the figure recorded a year earlier, while its net profit rose by more than three-fifths according to its financial statements verified obtained on Thursday. Belatedly, the release of the earnings report came nearly two months after […]

Interest rates

New residential: ready for high interest rates? (NYSE:NRZ)

ThitareeSarmkasat/iStock via Getty Images Thesis The mREIT industry faces tremendous challenges and uncertainties, and I will not recommend mREIT stocks in general. However, I can recommend a new residential investment holding rating (NYSE: NRZ). No because it is safe from what is to come, but because I see it better positioned for the difficulties ahead. […]

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New laws, lenders improve access to small affordable loans

IInflation has already hit people particularly hard struggle to get gas in their tanks and groceries in their refrigerators. For many, a payday loan may seem like the only way to get the money needed. In recent years, however, as more states impose restrictions on risky short-term lending, new lenders have emerged offering small, lower-cost […]

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Stop the North Sea energy ‘oligarchs’ from putting profit before people

Letters from the Readers: Stop the North Sea energy ‘oligarchs’ from putting profit before people Schedule An icon of a desktop calendar. Cancel An icon of a circle with a diagonal line across it. Caret A right-pointing solid arrow icon. E-mail An icon of a paper envelope. Facebook An icon of Facebook’s “f” mark. Google […]

Interest rates

Eurozone will end negative interest rates within months, says Lagarde

The European Central Bank is on track to cut its key interest rate to zero by the end of September, its chair Christine Lagarde said, causing the euro to strengthen and bond prices to fall. Signaling a faster removal of its stimulus measures during the crisis than previously indicated, Lagarde wrote in a blog on […]

Asset

Royal Bank of Canada cuts Brookfield Asset Management (NYSE:BAM) price target to $68.00

Brookfield Asset Management (NYSE: BAM – Get Rating) (TSE: BAM.A) saw its target price reduced by Royal Bank of Canada investment analysts from $72.00 to $68.00 in a research report released Friday to clients and investors, reports The Fly. Royal Bank of Canada’s target price indicates a potential upside of 46.87% from the current share […]

Interest rates

Weekend Special Podcast: Can Rising Interest Rates Derail Housing Market Growth?

Welcome to the ETMarkets Investor’s Guide, a show about asset classes, market trends and investment opportunities. This is Bhaskar Dutta. Everyone is talking about upcoming interest rate hikes, which could come sooner rather than later given the rapid pace of inflation in the country. This will result in an increase in bank interest rates on […]

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Financial literacy courses could become a requirement in Montana schools next year | News

When Butte resident Mike Paffhausen graduated from Carroll College in 2009, he received a thin, purple school book that he says changed his life. It was called “Life After Graduation: Your Guide to Success”. Paffhausen then made a to-do list on a few blank pages at the back of the book, filled with items the […]

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Spizzler Reviews – Leading Earwax Removal Tool or Cheap Scam?

Since the ears play an important role in life, it is essential to keep them clean. The ear has three different parts. These parts include the outer, middle and inner, which convert sound into electrical impulses sent to the brain. The human ear protects itself with a natural waxy compound called earwax. Earwax is a […]

Asset

Goldman prepares $572 million MBS deal

The GS Mortgage-Backed Securities Trust is preparing to raise $572 million in the capital markets, in a deal that sticks to the script of previous jumbo MBS prime deals. The current deal is similar to previous deals issued from the program shelf, with no material differences in its cash priorities, according to a pre-sale report […]

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Sacramento nonprofit that helps adults with developmental disabilities faces major labor shortage – CBS Sacramento

SACRAMENTO (CBS13) — A local nonprofit that helps adults with developmental disabilities is making a desperate plea: It needs workers, and now. United Cerebral Palsy (UCP) of Sacramento and Northern California is a compassionate group, but the shortage of workers prevents them from carrying out their mission. READ MORE: Contained 45-acre fire near rail yards […]

Interest rates

5 effects of inflation on interest rates

5 effects of inflation on interest rates As the Federal Reserve raised interest rates by half a percentage point, many Americans are wondering how the move affects their wallets. The increase brings the federal funds rate to almost 1%, from 0.33%, the highest level since March 2020. The Bureau of Labor Statistics (BLS) announced in […]

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GDP growth estimated at 5.97% for the financial year 2021-22

Pakistan estimated gross domestic product (GDP) growth at around 6% for the current fiscal year, with major contributions from the manufacturing and services sectors. Contrary to the IMF projection of a GDP growth rate of 4% for Pakistan, the Pakistani Muslim League-led government Nawaz has estimated a provisional GDP growth rate of 5.97% for the […]

Interest rates

Federal Bank raises interest rates on term deposits (fds): Details inside

The Federal Bank, a private sector lender, raised interest rates on term deposits of less than ₹2 crore on all tenors. The bank announced this on May 16, 2022, and on deposits maturing in 7 days to 2223 days and above, the general public would get an interest rate of 2.65% to 5.75%, while senior […]

Asset

10 of the most controversial clauses of SEC regulations on digital assets

Nigeria’s Securities and Exchange Commission (SEC) issued its first form of regulation regarding digital assets last week. The new rules for digital assets are part of the Nigerian SEC’s efforts to regulate the digital/virtual space which includes cryptocurrencies such as Bitcoin and NFT. This is a document titled, “New Rules on Issuance, Offering Platforms and […]

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Beware of Claims of Financial Inclusion Amid Cryptocurrency

In theory, this pilot looks promising. What’s better than free cash, goods and services in a cash-strapped town? However, closer examination raises serious concerns about the risks asked of low-income Chicagoans. The mayor and her team shouldn’t promote cryptocurrencies for their “financial inclusion” benefits, when these claims lack evidence and the crypto space remains unregulated […]

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Saudi Aramco posts $39.5 billion in first-quarter profit

The Saudi Arabian Oil Company (Aramco) posted an 82% year-on-year increase in net profit to $39.5 billion, setting a new quarterly profit record for the company since its IPO in 2019, as it benefited from higher crude prices and improved. downstream margins. Aramco also declared a first quarter dividend of $18.8 billion to be paid […]

Principal sum

Are you considering a lump sum pension payment? Here’s what to know and why to act fast.

Workers considering taking a lump sum payment from their employer pension in retirement shouldn’t wait much longer to decide, as the series of interest rate hikes planned by the Federal Reserve are expected to reduce the size of the payment. Lump sum payments are calculated by determining the present value of your guaranteed future monthly […]

Asset

2022-05-13 | TSXV:BLOK | Press release

London, UK and Vancouver, British Columbia–(Newsfile Corp. – May 13, 2022) – GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the “Company” or “Global block“) provides this default bi-weekly status report (the “Default status report“) in accordance with National Policy 12-203 Management Cease Orders (“NP 12-203“). On April 29, 2022, the […]

Interest rates

War in Ukraine, high interest rates pose big risks to CA economy

Russia’s invasion of Ukraine, supply chain bottlenecks and runaway inflation mean risks to California’s economic health “have been heightened,” the new budget said on Friday. of Governor Gavin Newsom. The administration said in its economic forecast that growth forecasts had been “downgraded slightly” since its last report in January. A significant downturn, he warned, could […]

Asset

WESTERN ASSET MORTGAGE CAPITAL CORP: Change of Directors or Principal Officers, Financial Statements and Schedules (Form 8-K)

Item 5.02. Departure of directors or certain managers; Election of directors; Appointment of certain leaders; Compensatory provisions of certain executives. On May 13, 2022, Western Asset Mortgage Capital Company (the “Company”) issued a press release announcing the resignation of Lisa Meyer as President, Chief Financial Officer (“CFO”) and Treasurer of the Corporation, from June 10, […]

Principal sum

Mullen Reports Preliminary Sum – GuruFocus.com

Cash and cash equivalents reached +$65.2 million during the quarter, mainly due to the issuance of Mullen Series C preferred shares at $8.84/share Notes payable, current portion fell around -10.8% Q/Q to $16.9m Total assets increased by approximately 138.4% to just over +$100M, mainly due to financing activities Equity increased favorably Q/Q from a deficit […]

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former Solomon Islands high commissioner tries to take on Morrison on campaign trail

We know Scott Morrison don’t like minimum wage keeping pace with inflation and Anthony Albanian also hesitates a little by not saying that it would be in a post-election submission of his government to the Fair Work Commission. But some things are indexed to consumer price inflation, such as student loans under the Higher Education […]

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Dubai fund manager Shuaa Capital’s Q1-2022 net profit drops to 6 million dirhams after asset write-downs

“In this context, we acquired another vessel company within the Thalassa fund, launched Shuaa Venture Partners and successfully raised a $100 million SPAC during the quarter, demonstrating our ability to execute effectively in a challenging environment. “ Last year, Shuaa shut down a non-core unit and transferred all residual assets to its main investments, “to […]

Interest rates

Inflation and interest rates appear to be driving the housing market in southern Maryland

HUGHESVILLE, Md. – As inflation soars and interest rates continue to rise from historic lows, the spring housing market in southern Maryland is beginning to show some anticipated trends. Although an overwhelming majority of homes sold in the past month did so in less than 10 days, there is more active inventory than this time […]

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GGRAsia – L&W Posts First Quarter Profit, Gaming Operations Revenue Exceeds 2019 Levels

L&W posts first quarter profit, gaming operations revenue tops 2019 levels May 11, 2022 news desk Industry Discussions, Latest News, Top of Page   Online casino and gaming equipment provider Light & Wonder Inc – formerly known as Scientific Games Corp – reported net profit attributable to its shareholders of $26 million in the […]

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CDFI has a new tool to boost minority homeownership

Q&A: How securitization could make buying a home more accessible for borrowers from black, Latino and low-income communities. Expanding access to property is crucial to closing the racial wealth gap. The society of changean Irvine, Calif.-based CDFI is working to address this issue by making homeownership more accessible to creditworthy borrowers from black, Latino, and […]

Interest rates

How will rising interest rates affect the Sioux Falls real estate market?

SIOUX FALLS, SD (KELO) – Dave Kelly does not see the Federal Reserve’s interest rate hikes slowing the housing market in Sioux Falls. As the current average 30-year fixed mortgage rate rose above 5% after the Federal Reserve’s 0.5% rate hike last week, Kelly said it was still important to look at interest rates in […]

Asset

Deloitte and TaxBit partner for digital asset tax information and cost-based reporting support

Deloitte Tax LLP and TaxBit have formed a strategic alliance to help organizations that transact digital assets comply with tax information and cost-based reporting requirements. Combining Deloitte’s deep technical tax knowledge and experience working alongside digital asset firms with TaxBit’s SaaS digital asset reporting platform can help companies realize increased value by navigating rapidly evolving […]

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Best Direct Online Payday Loans In America | Best No Credit Check Loans With Guaranteed Approval | Same day and installment loans

find a loan for bad credit with a low interest rate is everyone’s first priority. After all, while having bad credit, who would like to pay extra interest on emergency loans. So are you looking for a bad credit loan with a low interest rate? Want to know who to turn to if you need […]

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Guild Mortgage Reports First Quarter Earnings of $208 Million

Add Guild Mortgage to the list of lenders whose profitability was propelled by the services portfolio in the first quarter – a trend that will continue in the coming months as pressure on origination margins will persist, executives believe. The California-based non-bank mortgage lender reported net income of $208 million from January to March, up […]

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Lean TARRC operation nears gross profit

But Britain’s Malaysian Rubber Board research center is still a long way from achieving the ‘self-sufficient’ goal Brickendonbury, UK – Tun Abdul Razak Research Center (TARRC) posted better results for 2021 as sales of its Rubber Consultants business rose 17.6% year-on-year to £1.0m (1.17 million euros). TARCC’s overall revenue rose 18.1% year-on-year to £1.2 million, […]

Interest rates

Commercial Real Estate Market Expected to Grow Despite Rising Interest Rates — RISMedia

As rising interest rates pose a risk to economic growth, NAR Chief Economist Lawrence Yun expects the business market to perform well despite headwinds, especially in the short term. term. During REALTORS 2022® Trade Economic Issues and Trends Forum of Legislative Meetings, Yun explained that while the trade market generally follows the overall economy, some […]

Principal sum

Senate legislation requires expanded disclosure of lump sum payments

Capitol Hill has recently been abuzz with retirement-related legislative initiatives, including the Securing a Strong Retirement Act., which has already passed the House by a wide margin, and the Emergency and Retirement Savings Improvement Act. The latest proposal to reappear is the Financial Options Risk Mitigation Act. The bill, called the INFORM Act, was reintroduced […]

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How GemTRX Perfected Cloud Mining to Profit Together

GEM-TRX is a uniquely designed cloud mining service designed to facilitate the process of users renting suitable hash power to mine crypto by paying appropriate fees. What is cloud mining? Crypto mining has never gone out of style since Bitcoin hit its second all-time high. But the concept and idea of ​​cryptocurrency mining has modernized […]

Interest rates

Australian ANZ sees margins improve on rate hike, cash profit rises

H1 cash profit increased by 4.1% Said on track to grow in line with peers by year end Increase in New Zealand home loan market share Declares a dividend of A$0.72 per share Share up around 2%, best intraday gain since mid-March May 4 (Reuters) – The Australian and New Zealand Banking Group (ANZ.AX) beat […]

Asset

Main Street Receives Shareholder Approval to Reduce Asset Coverage Ratio to 150%

HOUSTON, May 3, 2022 /PRNewswire/ — Main Street Capital Corporation MAIN (“Main Street”) is pleased to report that at its 2022 annual meeting of shareholders, it received shareholder approval to reduce its minimum asset coverage ratio from 200% to 150%. The change to Main Street’s minimum asset coverage ratio is effective immediately. The reduction in […]

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BP’s biggest profit in a decade fuels calls for windfall tax – live updates

ggood morning. BP announced plans to make $2.5 billion in share buybacks this quarter after soaring oil prices helped boost its cash flow. The energy giant said soaring prices helped it offset a $25.5 billion charge incurred after it exited its stake in Russian producer Rosneft. It posted a first-quarter profit of $6.2 billion, the […]

Interest rates

Rising interest rates bring a lot of uncertainty

The war and sanctions imposed by the West are also having a significant impact on the prices and availability of fertilizers – Russia is a major exporter of potash, ammonia and urea – and are affecting the supply and prices of foodstuffs. Central bankers, who tended to stick to the Fed’s now discarded view that […]

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IDFC First Bank net profit at Rs 342 crore up 168% in March quarter

Private sector lender IDFC First Bank reported a 168% growth in net profit to Rs 342 crore on Saturday, driven by strong growth in core operating income and lower provisioning. Net interest income (NII) rose 36% year-on-year to Rs. 2,669 crore in the fourth quarter of FY22, while fees and other income […]

Asset

Chicago Developers Fight Against EB-5 Investor Asset Review Offer

By Morgan Conley (April 29, 2022, 7:12 p.m. EDT) — The developers behind the failed Carillon Tower project in Chicago have fought off an offer from investors to examine the personal finances of two project directors in their quest of funds to fulfill an up to $50 million settlement with EB-5 investors who never got […]

Asset

Fairbridge Asset Management Announces Up to $100 Million Loan Agreement with Oaktree

Investment strengthens Fairbridge’s position as a leader in bridge financing NEW YORK, NEW YORK, USA, April 29, 2022 /EINPresswire.com/ — Fairbridge Asset Management LLC (“Fairbridge” or the “Company”), a private direct portfolio lender focused on originating, investing and lending commercial real estate management in major U.S. markets, today announced that it has entered into a […]

Interest rates

A look at interest rates

Bash tells us why mortgage interest rates behave the way they do. Ben Franklin once said, “An investment in knowledge always pays the best interest. I thought that was a good transition to the topic of today’s column. Interest rate. A necessary evil to which we must be careful in this profession. So today I’m […]

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Mr. Cooper makes $658 million in first-quarter profit on strength of MSRs

Non-bank mortgage lender and manager Mr. Cooper Group reported a net profit of $658 million in the first quarter of 2022, quadrupling its profit from the $155 million recorded in the previous quarter. Performance reflects gains with mortgage servicing rights (MSR) and fintech deal sagewhich compensate for the decline in profitability linked to the arrangements, […]

Asset

America Car Mart Announces Pricing of Inaugural Asset-Backed Securitization Transaction and Amendment to Loan and Security Agreement – Form 8-K

America’s Car-Mart, Inc. Announces Pricing of Inaugural Asset-Backed Securitization Transaction and Amendment to Loan and Guarantee Agreement Rogers, Arkansas (April 25, 2022) – America’s Car-Mart, Inc. (NASDAQ: CRMT) (the “Company”) announced today that it has priced $400 million aggregate principal amount of asset-backed notes ( the “Notes”), a subprime asset-backed auto loan securitization transaction. The […]

Interest rates

Can floating rate bonds help when interest rates rise?

While one may be tempted to believe the popular rhetoric that floating rate bonds or funds are the best investment option in a rising interest rate environment, the reality may be different. A floating rate bond is a combination of: 1. Coupon linked to a market-linked benchmark index (NSE MIBOR, Repo Rate, T-bills rate, etc.). […]

Asset

America’s Car-Mart, Inc. Announces Pricing of Inaugural Asset-Backed Securitization Transaction and Amendment to Loan and Guarantee Agreement

American Car-Mart, Inc. ROGERS, Ark., April 25, 2022 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (the “Company”) announced today that it has priced $400 million principal amount of asset-backed notes (the “Notes”), a securitization transaction backed by subprime auto loans. The Notes will be issued in four classes, secured by loans directly issued by […]

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The 3 Best Installment Loan Apps to Get You Started

Lending apps are gradually replacing traditional loan agencies or credit unions. Today, traditional lending institutions struggle to keep up with the convenience and transparent processes of these apps. Moreover, these applications and online lenders accept applicants regardless of their credit history. However, identifying trustworthy installment loan applications can be difficult. There are many lending companies […]

Interest rates

Rising interest rates and end of lockdown boost Standard Bank earnings

Standard Bank’s profits rose 28% in the first three months of 2022 compared to the same period in 2021. Gallo Images/Foto24/Brendan Croft Rising interest rates, rising economic activity as more countries lift lockdowns and rising commodity prices have become a boon for Standard Bank. The blue bank said its profits increased by 28% in the […]

Interest rates

Rising interest rates could affect your investments

Earlier this month, the Federal Reserve (Fed) announced that it would begin taking steps to raise interest rates and end its quantitative easing policy to halt rising inflation. With inflation currently hovering around 7.00%, businesses and consumers are feeling the pinch of rising prices. The Fed’s actions aim to reduce the inflation rate to a […]

Interest rates

Explained: rising interest rates and investments in debt funds

With interest rates set to rise, the debt market is uncertain. Investors putting money into mutual funds and other securities are worried about their returns as the Reserve Bank of India prepares to raise interest rates in the coming months to combat the ‘inflation. Will rising interest rates have an impact on debt funds? Movements […]

Asset

Dollinger secures $28 million refi for Silicon Valley industrial asset

The company bought the technology park in 2015 for $19.7 million. Fremont Tech Park II Dollinger Properties secured $27.5 million for the refinancing of the 140,000 square foot Fremont Tech Park II in Fremont, CA. Portico arranged the 11-year fixed rate loan granted by United Omaha Life Insuranceon behalf of the owner. Originally built in […]

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TheraPure CBD Gummies Review – Risky Side Effects or Effective Product?

CBD products have become more and more popular lately. While many people can identify with the recreational use of cannabis, CBD is increasingly being used as a substitute for prescription drugs. There are a variety of CBD products to choose from. Nevertheless, the majority of them are made with substandard ingredients. This is where TheraPure […]

Profit

No Maryland sales and use tax exemption for for-profit business purchases made for non-profit hospitals

The Maryland Court of Appeals ruled that purchases from a for-profit corporation for nonprofit hospitals were subject to Maryland sales and use tax because there was no relationship relationship between the company and the hospitals, and even if an agency relationship existed, that alone would suffice does not entitle the for-profit company to an exemption. […]

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US Secretary of Education Right to Make Financial Education Classes Mandatory | Business

LOS ANGELES–(BUSINESS WIRE)–April 20, 2022– US Secretary of Education Miguel Cardona says personal finance courses should be mandatory in our schools, and he’s being applauded by schools like Learn4Life, which has been teaching financial literacy to its high school students for seven years. Currently, only 21 states make finance courses mandatory in high school and […]

Asset

How a dyslexic teacher overcame stigma to become an asset at a Queensland outback school

As a child, Lucy Senior slept with a piece of paper marked with the word “was” under her pillow. She found those three letters – WAS – so difficult to put together, but a complex word like “elephant” that she could easily understand and read aloud. “‘Did I always get stuck because I could never […]

Interest rates

Interest Rate Rise Scenarios

Bank of America (BAC) is just beginning to feel the tailwinds of rising interest rates. Although rates will only rise gradually over the next few years, I think the most likely scenario is that over the long term, we are seeing rates higher than those of the past decade. Since the tangible positive expectations are […]

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Is AI nothing more than a profit-generating tool for mega-corporations?

It is natural for organizations to flatter their rivals in the market by copying their successful business strategies. In fact, the company’s history is littered with examples of winning ideas that were easily replicated. Take for example the now crowded smart home assistant market. Few years after Amazon launched the Echo in 2015, rival products […]

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Challenges Facing Pakistan’s Business Interests

Pakistan’s economy had a rather bleak first quarter this year. The country has seen a dramatic increase in political unrest alongside an ongoing international crisis. With the ongoing blame game surrounding the international geopolitical framework between Pakistan and the United States, it is important for us to understand the current economic trade of Pakistan between […]

Interest rates

Sbi home loan: you will get these interest rates based on your credit score

Home loans are flexible, less burdensome than the requirement to raise too much money, and are also time-based. In addition, there are also tax advantages on the repayment of home loans. Remember, investing in a home is like investing in an asset that could generate one of the highest rates of appreciation to come. Earlier […]

Asset

Vikram Dev Dutt has been appointed CMD of Air India Asset Holding.

With a winning proposal of Rs 18,000 crore, the Tata Group bought Air India from the government. On April 14, the Cabinet Appointments Committee accepted the appointment of Senior IAS Officer Vikram Dev Dutt as Chairman and Managing Director (CMD) of Air India Asset Holding (AIAHL) with the rank and Additional Secretary to Government of […]

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Sundre non-profit daycare expands to River Valley School

SUNDRE — Sundre Daycare plans to expand the delivery of its programs beyond its walls at the Sundre Community Center, said the nonprofit’s president, Janelle Mikal. Starting in the fall, the center will have space available at the River Valley School (RVS) to offer a childcare program, Mikal said. “We are delighted to have the […]

Asset

Ellington Financial Mortgage Trust raises $425.6 million in MBS

Ellington Financial Mortgage Trust, 2022-2, is preparing to come to market with a non-preferred residential mortgage-backed securities (RMBS) transaction, issuing approximately $425.6 million in notes to investors. An Ellington Financial subsidiary, EF Holdco WRE Assets, is sponsoring the transaction, which will secure payments from a pool of 998 residential mortgages, according to a pre-sale report […]

Interest rates

European stocks mixed ahead of ECB interest rate decision

Christine Lagarde, President of the European Central Bank. European stocks were mixed on Thursday ahead of the ECB’s interest rate meeting. Photo: Frédérick Florin/AFP via Getty Images European stocks opened mixed on Thursday ahead of the European Central Bank’s rate decision, as inflation in the bloc beats targets and the economic outlook darkens as the […]

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Blackrock (BLK) profit increased by 20%

Image Courtesy: Nikada The company’s board resource detailed a modified quarterly benefit of $9.52 per share from the deal gauge of $8.75. Revenues were basically in line with the numbers. BlackRock was helped by a jump in inflows as resources under administration rose to $9.57 trillion from just over $9 trillion a year earlier. BlackRock […]

Principal sum

PenCom against payment of a lump sum of at least 75% to pensioners

The National Pensions Commission has opposed the suggestion to pay “at least 75%” of a lump sum to workers retiring under the contributory pension scheme. PenCom chief executive Aisha Dahir-Umar explains that this suggestion implies that a retiring worker can decide to take 100% of the money from their retirement savings account (RSA). “It is […]

Asset

GS Mortgage-Backed Trust prepares $440 million in MBS

Goldman Sachs Mortgage Company plans to issue mortgage-backed securities (MBS) through GS Mortgage-Backed Securities Trust 2022-INV1, to fund a collateral pool of $440.8 million. Conforming and non-conforming fixed-rate mortgages will secure the notes as the trust funds a pool of 1,284 senior loans securing properties for investors with up to 30 years of original term […]

Interest rates

Tracking mortgage rates from the 1970s to today

Shutterstock.com The current rate for a 30-year fixed mortgage is 4.67%, according to the St. Louis Fed. That might seem high compared to last year’s pandemic lows, which hit a low of 2.67% – but historically speaking, that’s not even close. As mortgage rates climb toward 5% as inflation hits a 40-year high, GOBankingRates took […]

Interest rates

Unemployment in Canada hits record low, supporting higher interest rates

Canada’s job market is now beyond hot and has started to overheat. Statistics Canada (Stat Can) reported that March hit a new record low for the unemployment rate. Such tight labor markets are considered overheated and contribute to even higher inflation. Experts see this reinforcing the need for higher interest rates, even endorsing a more […]

Asset

An Uber for Asset-Backed Lending – Is the Future of Secured Lending Branchless?

In today’s technologically advanced world, lending has reduced the complexities of a time-consuming process from days to minutes. While financial institutions were early adopters of digital technologies when the industry was in its infancy, credit must also be given to new-era fintech companies that are transforming borrowers’ lending experience. We live in an age where […]

Interest rates

Japan’s financial panel warns of rising rates driving up borrowing costs

TOKYO, April 8 (Reuters) – An advisory group to Japan’s Finance Minister Shunichi Suzuki warned on Friday of a risk of higher interest payments on the public debt and called for efforts to secure a policy sound fiscal to hedge against the possibility of rising bond yields. The warning came amid rising global bond yields, […]

Principal sum

Q1 2022 China Market Update: The Sum of All Fears and Liu He Lifts the Market

Event details: Q1 2022 China Market Update: The Sum of All Fears and Liu He Lifts the Market Thursday, April 7, 2022 from 10:00 a.m. to 11:00 a.m. EDT The first quarter of 2022 was one for the record books. A strong January saw China outperform as the central government announced supportive and easing policy […]

Asset

ECP Asset Management appoints a director

ECP Asset Management has appointed Amy Teh to her newly created lead role in charge of partnering with clients to deliver ECP’s investment capabilities. Teh’s appointment comes as ECP Asset Management hosted its institutional distribution following the appointment of Lachlan Hodgkinson to a similar role. Teh would work closely with Hodgkinson to develop and execute […]

Interest rates

5 blue-chip dividend stocks that can thrive as interest rates soar – 24/7 Wall St.

For years, rates have been kept artificially low, and some of the reasons are almost as absurd as how long they’ve been kept low. First came the global financial crisis of 2008. Then the stock market crashed. Then there was the tantrum of 2013, then COVID-19. In the end, those in power did everything humanly […]

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REVEALED: Top tips to improve your credit score in 2022

Mature student couple watching content on computer together in library. Man and woman in casual wear sitting at desk, using laptop, pointing at screen and talking. Teamwork concept The start of a new year brings reflection and resolutions, and with Christmas spending at the forefront of everyone’s mind in January, the experts at Zuto have […]

Asset

Asset owners struggle against widespread realignment of ESG investments

Supply chain Asset owners struggle against widespread realignment of ESG investments Only 25% have integrated ESG rating into existing investment manager selection processes Posted: Tuesday, April 5, 2022 – 12:00 PM (GaiaLens: London) — Some 60% of the largest asset owners based in the United States and Western Europe, which together account for $50.7 trillion […]

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Nigeria: Bua Cement – Revenue Growth, Low Finance Cost, Source of Profits

With a 23% increase in revenue and a 56% decrease in finance costs, BUA Cement Plc increased its pre-tax profit by 40%, as shown in the financial statements for the period ended December 31, 2021. Profit after tax also increased by 25% to N90.08 billion in 2021 from N72.34 billion reported in 2020, to position […]

Profit

BUA Cement: Revenue Growth, Low Finance Costs Drive Profits

Kayode Tokede With a 23% increase in revenue and a 56% decrease in finance costs, BUA Cement Plc increased its pre-tax profit by 40%, as shown in the financial statements for the period ended December 31, 2021. Profit after tax also increased by 25% to N90.08 billion in 2021 from N72.34 billion reported in 2020, […]

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10 daily profit investment plans you need to know

” class=”lazy img-responsive” data-src=”https://www.iwmbuzz.com/wp-content/uploads/2022/01/10-daily-profit-investment-plans-you-must-know- 920×518.jpeg” width=”920″ height=”518″ alt=”10 daily investing plans you need to know” /> Here is a look at 10 investment avenues Indians are considering while saving for financial goals. 1. Invest directly. Passive investing may not be suitable for everyone as it is a type of risky asset with no guarantee of […]

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SCDCCC Bank makes profit of ₹50.08 crore

The South Canara District Central Cooperative Bank (SCDCCB) made a profit of ₹50.08 crore in 2021-22, 48.82% higher than the profit of ₹33.65 crore made in 2020-21, said on Sunday SCDCCC Bank Chairman, MN Rajendra Kumar. Briefing reporters on the performance of the bank, Mr Kumar said that in the fiscal year ended March 31, […]

Interest rates

Why Refinancing May Still Make Sense Even as Mortgage Rates Rise

Image source: Getty Images Should you consider refinancing despite the fact that rates have gone up? Key points Refinancing can be a smart financial decision if it reduces borrowing costs. If you can get a lower rate or have an adjustable rate mortgage, now may still be a good time to refinance. Demand for mortgage […]

Asset

Asset Class Dashboard: March 2022

NicoElNino/iStock via Getty Images wow! There are quarters…and then there are those quarterly managed futures contracts that just came into place…while stocks rose in March, mind you. The drivers are that big number of commodities that you see at the top of the chart, but also that bad number of bonds that you see at […]

Asset

Asset Servicing Regulation News | PRA Managing Director Releases “Dear CEO” Letter Highlighting Crypto-Asset Risks

Sam Woods, chief executive of the UK’s Prudential Regulation Authority (PRA), has written to CEOs of banks and investment firms reminding them of their obligations under PRA rules regarding exposures to cryptoassets. This “Dear CEO” letter follows an earlier missive Woods sent to business leaders in 2018, communicating the PRA’s expectations of them regarding their […]

Interest rates

Bank earnings to shine a light on rising interest rates – and costs

Interest rates are on the rise and should continue to rise, bolstering bank lending profitability and providing timely support for earnings. But rising rates may not be enough to offset cost pressures or lower fee income – or the shrinking benefit from loan loss reserve releases. First-quarter earnings, to be released in April, will provide […]

Profit

Most Japanese companies aim for profits this year

About 65 percent of Japanese companies operating in Bangladesh believe they could make a profit in 2022 as the coronavirus pandemic situation has improved, according to a survey by the Japan External Trade Organization (Jetro). This contrasts with 43.2% of businesses that were profitable last year. For all the latest news, follow the Daily Star’s […]

Profit

Macron CHARGED: ‘Profit on principal’ as corporate giants allowed to stay in Russia | World | News

Despite leading European diplomacy efforts with Russian Vladimir Putin, Emmanuel Macron has been harshly criticized for failing to boycott Russian markets. Ahead of a general election, the French president has been accused of playing politics and favoring profits while the Ukrainian people are suffering, with calls for further action coming from the Ukrainian president himself […]

Principal sum

Advantages and disadvantages of lump sum investment

As investors, we often hear the virtues of investing gradually over time to build wealth. But sometimes we are faced with investing a lump sum. Lump sum investing means that you take all or most of your investable money and invest it all at once. A lump sum can be $10,000, $50,000, $200,000 or any […]

Asset

DAIM’s Use of Trusts Offers Benefits to Owners of Digital Assets

Using a trust is the best way to protect your assets and make sure they don’t get lost or have any long-term problems. A properly administered trust will ensure that your digital assets are transferred quickly and easily to your beneficiaries, while avoiding costly probate. Another important benefit of a trust is that it can […]

Interest rates

BOJ holds firm on benchmark yield as pressure on global rates intensifies

A man wearing a protective mask walks past the Bank of Japan headquarters amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register Bank accelerates purchase of JGB over 3-10 years in planned deal BOJ offers to buy super long JGBs in emergency […]