The University will permanently close its Dental Service and Pharmacy on Dec. 31 due to financial strains. Harvard University Health Services spokesperson Michael Perry wrote in an emailed statement Tuesday that the decision is “in no way a reflection of the quality of services delivered or the way these departments […]
Financial
Financial leaders from the world’s seven largest economies (G7) will oppose the launch of Facebook’s Libra stablecoin until it is “adequately” regulated, according to a Reuters report published Monday. Reuters reviewed a draft statement that had been prepared for a meeting of finance ministers and central bankers from the U.S., […]
NEW YORK (Reuters) – Goldman Sachs Group Inc management is considering whether to scale back financial targets set earlier this year, as the coronavirus pandemic has hindered the bank’s business model revamp, analysts and sources inside the bank told Reuters. The ticker symbol and logo for Goldman Sachs is displayed […]
Following the financial crisis, bank control authorities (like the FCA in the UK or the FSMA in Belgium) and compliance departments within banks have grown exponentially. As a result, regulatory costs have also increased dramatically relative to banks’ earnings. At first sight, this seems indeed the correct reaction, to better control and monitor […]
UAE-based FinTech Galaxy is accepting applications for its virtual hackathon that will focus on developing tools that can expand financial inclusion for businesses and individuals in the Arab world. The Yalla FinTech hackathon is a partnership between FinTech Galaxy and German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit to boost […]
The recent disappearance of a financial advisor — and possibly client money — may serve as a cautionary tale for investors. Christopher Burns, owner of Dynamic Money in Atlanta, was reported missing by his wife on Sept. 25 after she couldn’t reach him, according to a Gwinnett County, Georgia, police […]
© Provided by The Financial Express One example of India’s success in developing cutting-edge AI-powered digital platforms for financial inclusion is that India is mulling exporting low-cost digital payments solutions like UPI to other countries. By Abhishek Singh In his key note address at RAISE 2020, Professor Raj Reddy, one […]
Innovation across various global industries seems to be moving at an accelerating pace. This makes sense because innovation in one sector ultimately makes innovation in other sectors cheaper. As innovation becomes cheaper, we can naturally expect it to increase in usage. The advances we’ve seen in the world are all […]
Regardless of what state your finances are currently in or how your career has been progressing, true financial freedom is something that appeals to all of us. Who wouldn’t want the ability to choose when and where you work rather than being forced to work out of need? Retirement and financial […]
Low interest rates and a sluggish economy are among the factors punishing the financial services sector and the related exchange-traded funds this year. © Provided by Benzinga What Happened: The Financial Select Sector SPDR (NYSE: XLF), the largest ETF dedicated to this sector, is lower by 21.05% year to date. […]
Ecobank Ecobank Nigeria in partnership with Vanguard Conferences and Economic Forum Series will convene top tier thought leaders and industry professionals as speakers and panelists for its Digital Financial Inclusion Virtual Summit scheduled for 21st October 2020. The Speakers and panelists who are subject matter experts in digital transformation and […]
3 ON YOUR SIDE (3TV) – Andrea Bloome has devised a whole system, so she can zero out her credit card bills and plan for her future at the same time. “My best plan is to take the money before I ever even see it, so I don’t even know it […]
Executive Summary Globally, humanitarian agencies are using cash based intervention as a modality to transfer assistance to vulnerable households. Cash and voucher assistance (CVA) has the potential to strengthen sector and multi-sector strategies to respond to multiple needs of the vulnerable populations. It is widely acknowledged that cash transfers provide […]
By Philip Pullella VATICAN CITY (Reuters) – The Vatican released its most detailed-ever financial figures on Thursday, acknowledging it might have been swindled before but promising the faithful who have been shocked by money scandals that it would become like a “glass house” in its transparency. The Vatican economy minister, […]
Hanscom FCU recognized for member service, financial education, social responsibility HANSCOM AFB, MA (September 29, 2020) — Hanscom Federal Credit Union has received three awards for its commitment to social responsibility by the Cooperative Credit Union Association (CCUA). The credit union placed state-level first place in the $1 billion-plus asset […]
© BBC The report by the Government of Jersey found no overarching strategy on how to tackle financial crimes such as money-laundering The threat of financial crime in Jersey by overseas criminals is “significant”, a government report has found. The National Risk Assessment of Money Laundering is the first study […]
StanCorp Financial Group, Inc. and primary operating subsidiary Standard Insurance Company have appointed Patrick Criteser and James Lobdell to their boards of directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201002005059/en/ Patrick Criteser, board member of StanCorp Financial Group, Inc. and Standard Insurance Company (Photo: Business Wire) […]
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The US Department of the Treasury recently issued the new National Strategy for Financial literacy. This is much needed, in particular in a time of crisis and a good part of the report is devoted to how to help people in these difficult times and the critical role of financial […]
The use of biometric selfies to authenticate users against identity documents continues to grow across regulated industries. The technology has been approved for banks in Argentina, several of which count FacePhi as an identity verification provider, to verify pensioners, while Acuant’s compliance and fraud prevention technology is being integrated to […]
AB 1864 Establishes the Department of Financial Protection and Innovation – modeled directly after the federal agency championed by President Obama and Senator Warren – to Fight Financial Predators and Cultivate Consumer-Serving Innovation SB 908 establishes a licensing law to specifically regulate debt collectors AB 376 creates Student Borrower Bill of Rights […]
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street’s main indexes were set to jump on the first day of the fourth quarter on Thursday as investors remained hopeful of a new coronavirus fiscal aid package, while data […]
After being founded just six years ago, CIVIC Financial Services announced that it surpassed $4 billion in loan originations. This marks the third major milestone for CIVIC which topped $3 billion in lifetime funding in Oct. 2019. In June 2018, the company announced it securitized $190 million in investor property […]
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Idea VrctorStock Just imagine a professional wrestler as editor of The New York Times or a package designer as head of Goldman Sachs. Far-fetched? But that’s exactly what happens in advertising. The people on the top never wrote a tagline, or produced an ad. When J. Walter Thompson founded the […]
Clare Bronfman arrives at US District court in Brooklyn, New York on September 30, 2020 to be sentenced for her role in NXIVM, a group that prosecutors say operated as a pyramid scheme and sex-trafficking cult. – US prosecutors on Agust 28, 2020 requested life in prison for a Update: […]
By Tom Westbrook © Reuters/THOMAS WHITE Ilustration photo of U.S. dollar and Japan Yen notes SINGAPORE (Reuters) – The dollar and yen rose on Friday after U.S. President Donald Trump’s positive test for COVID-19 spooked investors, just a month out from November’s presidential election. Load Error Trump said on Twitter […]