Profit

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 […]

Profit

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 […]

Total cost

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 […]

Principal sum

How to Solve the Two Sums Problem

A popular question that you may be asked during a technical interview is known as the two-sum problem. For example, the sum of the two is known to appear in interviews on Facebook and Google. This was also the first LeetCode issue I successfully solved with all test cases passing. Thankfully, my relentless journey of […]

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 […]

Total cost

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. […]

Total cost

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 […]

Profit

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 […]

Profit

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 […]

Profit

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 […]

Profit

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 […]

Principal sum

A ‘six-figure sum’ could be spent on gender-neutral toilets in Oxfordshire County Council buildings

Speaking to the Telegraph after the motion passed, Eddie Reeves, a Tory adviser and Leader of the Opposition, warned that the “vague” proposals could mean new facilities in 200 to 600 buildings. He said: ‘We all think it’s right to be nice to trans people, but you can’t tell me I’m transphobic because I raised […]

Total cost

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 […]

Profit

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, […]

Profit

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 […]

Profit

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 […]