Local News You’ll be waiting a while. Empty nesters aren’t flying the coop anytime soon. Ally Rzesa / Globe Staff / Adobe stock Baby boomers own a significant chunk of the housing stock in Massachusetts. Don’t count on that changing to solve the housing shortages anytime soon. Baby boomers — those from age 58 to
eputy Industry Minister Faisol Riza has announced that Garuda Indonesia is set to order up to 100 aircraft this year from major manufacturers like Airbus and Boeing, referring to a statement made by President Prabowo Subianto during the launch of the country’s second sovereign wealth fund (SWF). “The President mentioned this during the launch of
KARACHI: Global rating agency Moody’s has upgraded Pakistan’s banking outlook to positive from stable on the back of improved financial performance. “We have changed our outlook on Pakistan’s banking system to positive from stable to reflect the banks’ resilient financial performance as well as improving macroeconomic conditions from very weak levels a year ago,” said
GRAND RAPIDS, Mich. — Grand Valley State University (GVSU) has partnered with Consumers Credit Union to offer students hands-on experience in the banking industry while still on campus. The collaboration allows GVSU students to work part time at a call center located in the Seidman Center, answering questions from credit union customers using TellerPlus ATMs.
KUALA LUMPUR: The outlook for Malaysia’s banking system remains stable this year, supported by a steady economic performance and sound fundamentals, says Moody’s Ratings. The ratings agency said yesterday that economic growth will be driven by healthy domestic consumption and strong foreign direct investment (FDI). “We expect key credit metrics for Malaysian banks to be
Vocal opposition to the European Central Bank’s (ECB) digital euro project reportedly swelled after the institution’s payment system crashed last month. TARGET2 (T2), the ECB’s real-time gross settlement system, went down in late February, which prevented payments from being processed for several hours. Now, some members of the European Parliament, a legislative body of the
Sailesh Sewpaul is the founder and executive chairman of PEX Ltd. Cybersecurity cybercrime internet scam, online business secure payment, Cyber security platform VPN computer protection data hacking malware virus attack defense, online network IoT digital technology getty The use of artificial intelligence in the banking and financial services sector isn’t novel; it’s been occurring for
Bespin Global, an international cloud management and consulting firm for banks, is seeking to help U.S. banks build their open banking tech stack through a partnership with London-based Ozone API. The move comes as U.S. banks work to implement the open banking rule that was finalized by the Consumer Financial Protection Bureau last year. The
This concept takes advantage of several unique features of life insurance: Life insurance cash value has tax-deferred growth. You can make a simple interest payment on the money you loan out from your life insurance policy. The money you loan against your policy will continue to grow even though you received it. Unlike the traditional
The appointment bolsters the bank’s ability to serve the unique financial needs of professional teams, leagues, athletes, industry professionals and businesses across the world of sports City National Bank recently announced the appointment of Anthony Di Santi as managing director, head of Corporate Sports Banking. Di Santi will lead the Bank’s strategic focus on serving