Reverse mortgage leader Finance of America (FOA) recorded a quarter-over-quarter loss in the fourth quarter of 2024, but still notched a full-year profit. In a Wednesday earnings call, company leaders outlined their assessment of the reverse mortgage market moving forward, describing 2024 as a year of “momentum” for the company owing to the achievement of
SINGAPORE: Chocolate Finance customers looking to withdraw their funds face a shorter wait of three to six business days instead of the 10-day timeframe that was earlier announced, the company said on Tuesday evening (Mar 11). Concerns about the financial services platform emerged after it suspended instant fund withdrawals on Monday due to “high demand”, adding
Millions of UK drivers could be entitled to compensation following the investigation. 12:59, 12 Mar 2025Updated 13:00, 12 Mar 2025 The FCA has issued a redress scheme update for millions of people who took out car finance before 2021.(Image: Getty Images) Following Martin Lewis’ car finance scandal update, drivers have been left wondering if they
CAIRO (AP) — African soccer leader Patrice Motsepe was re-elected Wednesday and urged working with private financiers to help federations build national stadiums in countries where government budgets are tight. The 54 member federations of the Confederation of African Football — 12 of whom currently cannot host national-team games in international competitions — elected Motsepe
Listen to this article Digital finance is reshaping how we think about money, banking, and financial participation. Cryptocurrencies and blockchain technology are challenging traditional financial institutions, offering exciting new opportunities for economic growth. As platforms like Pi Network lead the charge, they make digital finance more accessible to a broader audience. The picoin is democratizing
(Bloomberg) — Singapore’s financial regulator said it is engaging with Chocolate Finance, a robo-advisory firm, after the startup experienced a surge in customer requests to redeem their investments and halted instant withdrawals. Most Read from Bloomberg The Monetary Authority of Singapore said in a statement on Wednesday that the goal is “to ensure that all
Congress passed the Secure 2.0 Act in 2022 to expand saving opportunities for individuals who have access to savings vehicles like 401(k)s and workplace savings plans. Several of the bill’s provisions go into effect in 2025 and, if you’re like many workers, your 401(k) or workplace savings plan is likely the foundation of your retirement
Nearly a tenth of global climate finance could be under threat as U.S. president Donald Trump’s aid cuts risk wiping out huge swathes of spending overseas, according to Carbon Brief analysis. Last year, the U.S. announced that it had increased its climate aid for developing countries roughly seven-fold over the course of Joe Biden’s presidency,
Andrew Curtis is the CEO of Clearco, a working capital solution for e-commerce brands to fund invoices and receipts. getty In the past few months, rumored and announced acquisitions of private credit managers swept through my emails, texts and newsfeeds (see Victory Park, HPS and Atalaya), a first in my 25-year career in corporate finance.
When Stacy Sonnenberg started at Goldman Sachs in 2003 one client gave her pause: the New York Yankees. As the former chief of technical services with the New York City Department of Parks & Recreation—owner of Yankee Stadium—she had served as landlord to the fabled baseball club for three years. “I called the Yankees,” she