When JPMorgan Chase (JPM) told investors this month about a possible Consumer Financial Protection Bureau enforcement action targeting bank-owned payments app Zelle, it also offered a warning to those same regulators. The New York banking giant said it was evaluating whether to sue the CFPB over the Zelle inquiries, according to a quarterly filing made
The maturing debt of “most” of these financing platforms had either been extended, restructured or replaced, Pan said, adding that financing costs for local government debt had fallen “significantly”. He also said the number of high-risk small and medium-sized banks had “nearly halved from the peak”. The central bank will aim to guide “reasonable” growth
elxeneize This article analyzes Lument Finance Trust’s (NYSE:LFT) 2Q24 results and earnings call. It also revisits the company’s valuation and the rating (coming from two Holds in February 2024 and March 2023). Lument’s 2Q24 results were not surprising, with the loan book shrinking sequentially (as the 2021 CLO finished its reinvestment period) and some loans
Most of the world’s biggest private equity firms, including Blackstone, KKR and Carlyle, have put the brakes on deals in China this year as geopolitical tensions rise and Beijing exerts tighter control over business. Dealmaking in the world’s second-largest economy has slowed significantly, with just five new investments — mostly small — by the 10
Libra Horoscope Prediction Today, 25-August-2024: Today, engaging in activities of entertainment with your loved ones and friends will make you happy. It is a good day for travel. You will shop for clothes and entertainment gadgets. You are likely to remain physically and mentally fit today. Your prestige will rise. Astrology Predictions: Libra Love Horoscope
The government is expected to approve Finance Minister Bezalel Smotrich‘s proposal for a budget supplement of almost three billion NIS on Sunday to finance the continuation of evacuations from the North, the expansion of the military reserve program, and the implementation of aid for victims of October 7. According to the minister’s announcement, this
The committee cut $9 million from a $10 million planned response to the new state law that bans public camping. JACKSONVILLE, Fla. — The Jacksonville Finance Committee concluded its review of Mayor Donna Deegan’s second budget Friday, cutting millions in some areas and adding to the City Council’s priorities. Some of the largest changes came
LaylaBird / Getty Images There are certain purchases retirees know better than to spend their money on during retirement. Using their savings to buy a timeshare, for example, might seem like a good decision at the time but ultimately lock retirees into long-term agreements with little return on investment. That’s Interesting: 7 Reasons You Shouldn’t
NASA’s announcement Saturday that it won’t use a troubled Boeing capsule to return two stranded astronauts to Earth is a yet another setback for the struggling company, although the financial damage is likely to be less than the reputational harm. Once a symbol of American engineering and technological prowess, Boeing has seen its reputation battered
©Robert Kiyosaki A 2022 CNBC + Acorns Invest in You Survey survey found that 83% of U.S. adults said parents are the most responsible for educating their children about finances. At the same time, 31% of parents never speak to their kids about finances. Check Out: Warren Buffett: 10 Things Poor People Waste Money On