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CFPB Fall 2022 Supervision Highlights—Key Findings and Takeaways | Manatt, Phelps & Phillips, LLP

On November 16, 2022, the Consumer Financial Protection Bureau (Bureau) released its Fall 2022 Monitoring Highlights. The 32-page report discusses key findings from the Bureau’s review in the areas of auto care, consumer reporting, credit card services, debt collection, deposit accounts, licensing and servicing mortgages and payday loans between January 1 and June 30, 2022. […]

Asset

FINRA Review Targets Crypto Asset Communications From Brokers | Works

FINRA recently announced targeted reviews of its members focusing on certain retail communications regarding “crypto-asset” products and services between July 1, 2022 and September 30, 2022. For the purposes of the reviews, FINRA defines a “crypto -asset” as one that is “issued or transferred using distributed ledger or blockchain technology, including but not limited to […]

Interest rates

Federal Bank Launches Nre Deposits With Higher Interest Rates – Check Details

Federal Bank Deposits: According to the Federal Bank, the new variant of the NR deposit system will be an attractive investment option for NRI clients to earn a better return than normal NRE term deposits. The Federal Bank on Tuesday launched a deposit program for NRIs called “Deposit Plus”, which offers higher interest than existing […]

Interest rates

CNA explains: With interest rates rising, should you choose a fixed or floating home loan?

SINGAPORE: Earlier this week, Singapore’s three largest banks – DBS, OCBC and UOB – raised their fixed interest rates on home loans to between 4.25% and 4.5%. It was the second hike for banks in less than two months, boosted by factors such as the US Federal Reserve raising the benchmark policy rate and core […]

Profit

Smyths Toys UK operation posts record profit

The UK business of Galway-based retail toy giant Smyths Toys posted record pre-tax profits of £18.11 million (€20.77 million) last year. New accounts filed by Smyths Toys UK Ltd with Companies House show the firm nearly doubled its pre-tax profits last year, from £9.5million to £18.11million. This follows revenues which hit a new record high […]

Interest rates

Will rising interest rates have an impact on your pension?

Will the Fed’s interest rate increases impact your pension? (Photo by Eric BARADAT / AFP) AFP via Getty Images It’s no surprise that the Fed keeps raising rates in an effort to fight inflation, but what may surprise some retirees is the impact it can have on your pensions. Interest rates and flat-rate pensions As […]

Asset

Pershing Square Holdings, Ltd. publishes regular weekly net asset value and year-to-date performance as of November 15, 2022

LONDON, November 17, 2022–(BUSINESS WIRE)– Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today published its regular weekly Net Asset Value (“NAV”) and performance on its website, https://pershingsquareholdings.com/performance/value- net-assets-and-returns/. Net asset value and returns were calculated as of the close of business on Tuesday, November 15, 2022. The PSH NAV per share at market close on […]

Profit

CoolCo sees buoyant market and third quarter earnings – The Royal Gazette

Updated: Nov 16, 2022 12:03 PM Growth market: Richard Tyrrell, CEO of Cool Company Ltd Cool Company Ltd, the owner of the Bermuda-based liquefied natural gas carrier, reported operating profit of $36.4 million and net profit of $36.8 million in the third quarter. CoolCo earned average daily equivalent time charter revenues of $73,200 per day. […]

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The non-profit organization iDE is launching the installation on World Toilet Day to

Denver, CO, Nov. 16, 2022 (GLOBE NEWSWIRE) — Every day, more than 1,300 children under the age of 5 die from diarrhea due to lack of access to adequate sanitation facilities. To raise awareness of this critical issue and encourage people to take action, global nonprofit, iDE will mark World Toilet Day on November 19 […]

Interest rates

SS&C Technologies: 4 investment strategies for rising interest rates

Following the trend of recent years, 2022 has been full of surprises, with fluctuating social, political and economic conditions creating an environment that requires extra attention and flexibility to respond to unexpected opportunities and trends. While higher return opportunities and a strong private market pipeline led investors to increase real asset allocations in 2021, several […]

Profit

Letters to the editor: “Why does a company with a quarterly profit of $4.4 billion have to fire someone?” 11,000 people laid off by Facebook owner Meta, including Canadians, plus more letters to the editor for November 14

Morning traffic passes the Meta sign outside the headquarters of Facebook’s parent company, Meta Platforms Inc, in Mountain View, California on November 9.PETER DASILVA/Reuters Keep or throw away? What is the problem with health care in Canada? Bloated bureaucracies, for starters (Nov. 10): We increasingly live in a federation of increasingly independent provinces, separated by […]

Interest rates

Bank profits jump but rising interest rates are a double-edged sword

Australia’s big banks raked in nearly $30 billion in 2022, but face a tougher 2023 as some borrowers struggle to pay their mortgages as interest rates soar. Key points: Australia’s big four banks made $28.5 billion in cash profits in 2022 Official rates have risen seven times since May to 2.85% If unemployment rises, some […]

Asset

SoFi aims to raise $440m in consumer lending ABS

A pool of unsecured consumer loans will underwrite a planned issuance of $440 million of asset-backed notes from the SoFi 2022-1S consumer loan program. Observers expect the collateral’s strong credit profile – a seasoned loan pool with a weighted average credit score of 753 and high monthly free cash flow – to weather potential credit […]

Profit

SoftBank switches to second-quarter earnings but unveils more pain at Vision Fund with FTX writedown

By Kiyoshi Takenaka TOKYO (Reuters) – Japan’s SoftBank Group Corp reported its first quarterly profit in three quarters, buoyed by the sale of part of its stake in China’s Alibaba, even as its huge Vision Fund unit posted another hefty quarterly loss. The sprawling Vision Fund, which has turned the tech world upside down with […]

Asset

Expect dollar ‘push’ to continue ‘until 2023’

Image ©Adobe Images The US dollar has surged in 2022, with higher interest rates, a more hawkish central bank, stronger economic outlook and global safe-haven flows all fueling its ascent. A weaker dollar would ease financial conditions and allow global risk to pick up. However, it would likely take both an improving global growth outlook, […]

Interest rates

November 8, 2022—Mortgage Rates Rise – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Today’s average rate on a 30-year fixed mortgage is 7.36%, up 0.09% from the previous week. Borrowers may be able to save on interest charges by switching to a 15-year fixed rate […]

Interest rates

With interest rates at 7%, here’s how much more you’ll pay for a $500,000 home

Image source: Getty Images Higher interest rates can mean you’re paying much, much more for a new home. Key points Mortgage rates have more than doubled, from 3.11% to 6.92% since the start of the year. A $500,000 mortgage at 6.92% would cost $420,000 more in interest over the life of the loan compared to […]

Profit

Claudio Encina: Pivot, position, profit

Are you fear-focused, unfocused, or strategy-focused now that we’re in a much calmer real estate cycle? Over the past week, I’ve spoken to agents and directors to unpack their current psychology, plans, and experiences. Most agents are experiencing some form of slowdown with fewer buyers and sellers unwilling to meet the market in the face […]

Asset

Zeal Asset Management won two Outstanding Achiever House Awards in the Greater China Equity and Absolute Return categories, and a Best-In-Class House Award in Long/Short Equity in the BENCHMARK Fund of the Year Awards 2021

Zeal Asset Management Limited (ZEAL) is an asset management company established in 2009 ZEAL is a signatory to the UN-backed Principles for Responsible Investment (PRI) HONG KONG SAR – Media OutReach – November 4, 2022 – ZEAL received 1) Greater China Equity – OUTSTANDING ACHIEVER, House Awards, 2) Absolute Return – OUTSTANDING ACHIEVER, House Awards, […]

Interest rates

Medium term, Ukraine, Interest rate, Trump, World Series

By Alexandra Meeks, CNN (CNN) — If you’re planning on running a Starbucks today, your hot drinks will be a little different. The company is launching its Holiday Mugs, an annual tradition dating back to 1997 that unofficially rings in the season for the chain’s avid fans. Here’s what else you need to know to […]

Profit

Pakistan may struggle to restructure dollar bonds: Report

According to a report from FinancialTimes, there could be a big problem in the option to restructure one of Pakistan’s near-maturity dollar bonds, and the culprit is the issuing authority of that bond itself. The report states that in order to restructure any foreign currency bond, a onerous or extraordinary resolution must be passed by […]

Asset

Lenders can reap big profits from shrewd mergers and acquisitions: Stratmor

Mortgage players mired in a depressed market can produce a 30 to 50 basis point shift in operating profits with a shrewd merger or acquisition, according to research from Stratmor Group. Nearly 50 sectoral mergers and acquisitions are expected close by the end of the year, surpassing the previous record of 33 in 2018, according […]

Interest rates

London faces further mortgage misery as interest rates set to rise

L Ondon homeowners on a typical £300,000 follow-on mortgage had to pay £420 a month more than a year ago in the run up to Christmas after the Bank of England raised interest rates on Thursday . The Bank is expected to raise the cost of borrowing by 0.75% from 2.25% to 3% — the […]