Tag: finance
Founder of London Capital & Finance marketer Surge targets poor for rentals
The founder of Surge Financial, the marketing company responsible for putting thousands of investors into London Capital & Finance and Blackmore Bonds before they collapsed, is now running a business charging poor people high prices for rent-to-own household goods. Kerry Venn was chief operating officer at Surge, which used sophisticated marketing techniques on social media
House Democrats Open Campaign Finance Investigation into Postmaster General Louis DeJoy
House Democrats said Monday they would open an investigation into Postmaster General Louis DeJoy over accusations that he broke campaign finance laws in pushing his employees to make campaign contributions to Republicans that he would later reimburse. House Committee on Oversight and Reform chairwoman Carolyn Maloney (D., N.Y.) said in a statement that the committee
A Look At American Finance Trust’s (NASDAQ:AFIN) Share Price Returns
Investors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can do both better or worse than that. Investors in American Finance Trust, Inc. (NASDAQ:AFIN) have tasted that bitter downside in the last year, as the share price dropped 45%. That’s well below the market return
Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
Saudi Arabian business leaders think they have a solution to trade finance woes caused by COVID-19: a blockchain-based business passport to cut through red tape. This “Global Value Chain” (GVC) passport would allow firms already following their host country’s financial rulebook to tout their credentials elsewhere, easing trade and increasing financial access globally, according to
![Kansas City Fed President Esther George speaks with Yahoo Finance [Transcript]](https://s.yimg.com/uu/api/res/1.2/kIB0HX0uIZdeNES5C7Fopg--~B/aD0xMDgwO3c9MTkyMDtzbT0xO2FwcGlkPXl0YWNoeW9u/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-08/876b4da0-e714-11ea-b3bf-ad8943fc0fb8 "Kansas City Fed President Esther George speaks with Yahoo Finance [Transcript]")
Jack Ma’s Ant Group to Plan Consumer Finance Firm
(Bloomberg) — Jack Ma’s Ant Group is planning to create a new consumer finance company to bolster its market share in the country’s fast growing online lending industry. Ant is working with Nanyang Commercial Bank Ltd., China TransInfo Technology Corp. and Contemporary Amperex Technology Co. to build a consumer finance platform that will focus on
Commodity traders face rising finance costs as big banks pull out
* Sector rocked by ABN Amro withdrawal from trade finance * Banks spooked by commodity trader defaults and frauds * Costs will rise as funds, bonds will not fill void By Julia Payne LONDON, Aug 14 (Reuters) – Commodity trade financing by the world’s banks is drying up at a rate not seen in more
German Finance Ministry proposes blockchain-based solution to digitize securities in draft bill
The finance ministry of Germany, Federal Ministry of Finance (BMF), released a draft bill on the introduction of electronic securities (eWpG) on Tuesday, and it includes a blockchain solution to digitize securities. The bill would revamp both the German securities law and the corresponding supervisory law with a focus on blockchain strategy, according to a
Staff still shun London’s ‘ghost town’ finance hubs
Deserted streets, empty restaurants, shuttered stores: London’s financial districts remain largely abandoned by workers still worried about the pandemic and reluctant to return to office life. The City, a square mile in the heart of the British capital traditionally home to the finance industry, was eerily quiet over the past week, with just a smattering
Sustainable Finance Sees Big-Tech Boom After Record Google Deal
(Bloomberg) — Technology giants may join the rush to sustainable finance after this week’s record bond sale from Google parent Alphabet Inc. Issuance aligns with growing investor focus on social and environmental matters, and it’s being done at very low rates. “You’re going to see tech companies continue to follow this model,” said Scott Kimball,
BNP Halts New Commodity Trade Finance Deals as It Reviews Unit
(Bloomberg) — BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe, Middle East and Africa, according to people familiar with the matter. The French bank, one of the largest lenders to global commodity traders, has recently told clients that no new deals will be
Meet the 20-year-old founder of @WallStreetConfessions, an Instagram account that’s become an open forum to discuss the dark side of finance and gathered followers including the CEO of Jefferies
Riya Sharma, 20, the founder of the @WallStreetConfessions account on Instagram, explained how she’s using her platform to advocate for women and minorities on Wall Street. Dora Sherzad Riya Sharma is the founder of @WallStreetConfessions, an Instagram account that shares caustic quotes about life in finance, and posts anonymous submissions of instances of sexism, racism,
U.K. Finance Split on Case for Extending Crisis Capital Measures
(Bloomberg) — U.K. bankers and investors are split on whether emergency measures that are making it easier for companies to raise much-needed capital during the coronavirus crisis should be extended beyond the summer. Financial standard-setters recommended in early April that shareholders support U.K.-listed companies that want to sell as much as 20% in new stock
Capitala Finance (CPTA) Q2 Earnings Expected to Decline
Wall Street expects a year-over-year decline in earnings on lower revenues when Capitala Finance (CPTA) reports results for the quarter ended June 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
![New York Fed President John Williams speaks with Yahoo Finance [Transcript]](https://s.yimg.com/uu/api/res/1.2/AQQYmvt9dErL3sPX5ql6OQ--~B/aD0yOTE4O3c9NDM3NjtzbT0xO2FwcGlkPXl0YWNoeW9u/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-07/ecc76d70-c782-11ea-b5d2-6937ac9d559d "New York Fed President John Williams speaks with Yahoo Finance [Transcript]")
New York Fed President John Williams speaks with Yahoo Finance [Transcript]
John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance on July 16 to discuss the U.S. economic outlook and what may lie ahead for Fed policy. BRIAN CHEUNG: Joining us now is the president of the New York Federal Reserve – that is John Williams. John how are you? JOHN
EU Powers Suffer Shock Defeat as Irish Take Key Finance Job
(Bloomberg) — The euro region’s smallest nations staged an uprising to put one of their own in charge of finance ministers’ meetings and strike a blow against the bloc’s major powers. Ireland’s Paschal Donohoe won a secret ballot of 19 colleagues Thursday to become president of the Eurogroup, defeating the Spanish favorite, Nadia Calvino, who
How EU Finance Chiefs Squandered Their Influence With Bickering
(Bloomberg) — Jeroen Dijsselbloem had been running the euro-area finance meetings for less than three months in 2013 when he stepped, bleary-eyed onto the stage at 4 a.m. to tell Cypriot savers they would have to help shoulder the cost of saving their country’s banking system. With the single currency close to implosion at several
FCA to tell lenders to extend payment freeze on car finance and high-cost credit
New and nearly new cars are displayed for sale on a forecourt of a car dealership. (Matt Cardy/Getty Images) The UK’s Financial Conduct Authority (FCA) on Friday indicated that it will tell rent-to-own firms, car finance providers, and pawnbrokers to keep offering payment freezes to borrowers in financial difficulty in the wake of the coronavirus
No politics, please! Hong Kong finance professionals impose self-censorship after security law
By Sumeet Chatterjee and Scott Murdoch HONG KONG (Reuters) – A year ago, growing anti-government demonstrations in Hong Kong were a hot topic in conversations among bankers, lawyers and other investment professionals in one of the world’s biggest and freest financial hubs. On Thursday, two days after China imposed a controversial new security law on
South Korea Finance Minister Sees Third Extra Budget as Last
(Bloomberg) — South Korean Finance Minister Hong Nam-ki sees a third extra budget pending approval in parliament as the last for this year and said the economic shock from the coronavirus pandemic may have bottomed. South Korea’s economy can still avoid its first annual contraction in more than two decades if stimulus measures including the
Brett Conti left his unfulfilling finance job and started a skateboard empire
When Brett Conti started his internship at a finance firm, he knew almost immediately that this was not the career path he wanted. “I didn’t just want to be a robot,” Conti told In The Know. “I wanted to do something much bigger.” A big part of his life up to that point had been