This aerial photo taken on Feb. 18, 2023 shows a photovoltaic (PV) power project in Liangzhou district of Wuwei, northwest China’s Gansu Province. (Xinhua/Fan Peishen) BEIJING, June 23 (Xinhua) — The China Development Bank, a major policy bank in the country, has strengthened financial support for the green and low-carbon industries. The bank issued over
The US Government has seized $5.25 million in six bank accounts at JPMorgan Chase, alleging the funds are the proceeds of a sophisticated fraud scheme. A complaint filed by the US Justice Department says the funds were stolen from a workers union in Massachusetts that was tricked into wiring millions of dollars directly to scammers.
SOMERSET, Pa. – A strong economy has boosted Somerset County’s retirement fund to new heights, the Somerset County commissioners were told this week. The U.S. stock market’s top equity barometer, the S&P 500 index, delivered its strongest performance since 2012 in the two quarters that ended March 31, said Shane Nickolich, senior vice president for
SOMERSET, Pa. – A strong economy has boosted Somerset County’s retirement fund to new heights, the Somerset County commissioners were told this week. The U.S. stock market’s top equity barometer, the S&P 500 index, delivered its strongest performance since 2012 in the two quarters that ended March 31, said Shane Nickolich, senior vice president for
Few can doubt China’s leadership in advancing green tech and green energy. Solar installations are growing at a pace that would increase global capacity by 85% by 2025. China today has more solar panels installed in large-scale projects than the rest of the world combined. While China has taken the global e-vehicle (EV)
Bank to Report Second Quarter Fiscal 2024 Results Wednesday, June 5, 2024 at 7:00 a.m. ET LONDON, ON, May 22, 2024 /CNW/ – VersaBank (“VersaBank” or the “Bank”) (TSX: VBNK) (NASDAQ: VBNK) will report its second quarter 2024 financial results and host a conference call to discuss those results on Wednesday, June 5, 2024. The
A US banking regulator says $384 million will soon be handed to victims of an online bank’s illegal practices. The Consumer Financial Protection Bureau says 191,000 people will receive the windfall of cash, which will be given to former customers of Texas-based Think Finance. The agency filed a lawsuit against the lender in 2017, accusing
Josh Pandolfi, managing director and senior portfolio manager at financial technology company Pontoro, explains how institutional investors can better access infrastructure debt – and discusses why infrastructure bank loan investments would provide a creative and efficient solution to the banks’ current balance sheet crisis. I never thought I’d have the chance to fly over the
The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry. The regulation reports to create enhanced due diligence measures and checks on customer’s identity. Obliged entities, such as banks or cryptocurrency asset managers, have to report
ndonesia’s largest private lender BCA recorded a 17.1 percent year-on-year (yoy) increase in loan disbursement to Rp 835.7 trillion in the first quarter of this year, which compares with Rp 713.8 trillion (US$43.9 billion) in the same period last year. Net profits at the bank and its subsidiaries also rose by 11.7 percent yoy to Rp 12.9 trillion in