NEW YORK (AP) — Shares are mixed in Asia, where Chinese markets advanced after a government investment fund said it would step up stock purchases. But the gains in Shanghai, Shenzhen and Hong Kong were much smaller than recent losses. Oil prices rose and U.S. futures were mixed. China’s Central Huijin Investment, a sovereign fund
Kraken’s chief security officer wants his 400-member team to stay away from social media as he believes their presence on platforms like Twitter and LinkedIn can create security risks for the crypto exchange. Nick Percoco has allowed only a handful of people from his team to publicly confirm their roles and has instructed the rest to work
Chik Shampoo’s case study on sachets in the 70s often serves as a playbook to tap into India’s billion people-strong potential. What started as a revolution in FMCG has now transcended industries, even reaching financial services. And one such space in the BFSI subset has managed to gain significant momentum: lending. Sachetised loans, also called
Cherokees receive $500K grant to create small business loans The Cherokee Nation was recently awarded a $500,000 Rural Business Grant from the U.S. Department of Agriculture to create small business loans that support Cherokee citizen-owned businesses and create community-based jobs. Deputy Chief Bryan Warner accepted the donation during the Oklahoma Tribal Opportunity Partnership Summit in
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JOHNSTOWN, Pa. – AmeriServ Financial is providing a new service to the community that can be accessed any time, anywhere, bank officials said. The bank has introduced its “Bank Chats” podcast to help educate listeners about finance, said Susan Tomera Angeletti, AmeriServ senior vice president and director of corporate marketing. “We are hoping to just
Student loan borrowers demand President Joe Biden use “Plan B” to cancel student debt Immediately at a rally outside of the U.S. Supreme Court on June 30, 2023, in Washington, D.C. PAUL MORIGI/ GETTY IMAGES FOR WE THE 45 MILLION/TNS President Biden is on a mission of forgiveness for millions of Americans who cannot get
Published: Jan. 31, 2024 at 9:39 p.m. ET By Kosaku Narioka Aozora Bank shares fell sharply after it projected a fiscal-year net loss due to higher provisions for U.S. office loans as well as losses from foreign bonds. Shares were recently 21% lower at 2,557.0 yen, falling to the day’s trading limit on Thursday morning.
New York Community Bancorp reported a surprise loss as it wrote down bad real estate loans, sending its stock tumbling Wednesday and dragging down the share prices of regional banks across the country. “This was a major negative surprise,” Jon G. Arfstrom, an analyst at RBC Capital Markets, said in a Wednesday note. New York
Banks continue to navigate a bumpy landscape in loans tied to a drop in office-space value and rent prices in many markets as workers stay at home. In one high-profile example on Tuesday, New York Community Bancorp NYCB cited a need to increase its allowance for credit losses (ACL) on the heels of an office