Greg Guyett oversees a broad range of businesses as the chief executive of HSBC’s global banking and markets unit, a role he took on in October 2022, just before rivals started making deep job cuts. But he’s looking to grow most of these businesses including investment banking, securities services and transaction banking, he told Financial News in a wide-ranging interview.
SPRINGFIELD, Ill. (WAND) — Gov. JB Pritzker has proposed a $10 million increase in funding for career and technical education (CTE) in the state’s next budget. That money could be a huge boost for many Illinois students inspired by CTE. The world continues to change each year and the pendulum has swung into a direction
Reddit, the community-based social media platform, filed its long-awaited IPO prospectus last week, which included some unique risks that revive memories of meme-stock mania from the height of the pandemic. The site hosts thousands of niche discussion groups, which are set up and moderated by volunteers. In a nod to the community’s role in maintaining
The Dalton Finance Committee at a recent meeting agreed to shift $10.7 million in funding to renovation of the John Davis Recreation Center and to what City Administrator Andrew Parker called “a rather aggressive street resurfacing plan.” The Finance Committee is comprised of the members of the City Council. The funds that will be shifted
A report on donor-advised funds issued Thursday morning from an independent, academic-led collaborative finds 54% of these philanthropic vehicles granted at least half of their assets to nonprofits within three years. It also found that half of all existing accounts are modest in size, with assets of US$50,000 or less. The findings from the Donor-Advised
Investors have put their faith in equities in anticipation of interest rate cuts later this year, with inflows to the asset class surging to £2.01 bn ($2.53 bn) in January. This influx was primarily driven by a surge in buying interest, according to the Calastone Global Fund Flows Report. Its authors also find that the
Commercial real estate firm CBRE has secured a $35.25 million construction loan for Bella Olivia, a 112-unit build-to-rent community in Peoria. Bella Olivia will be located at 9625 W. Olive Ave. in the southwest part of the city. The property is currently under construction and will open this summer, according to a news release. Bruce
Published: Jan. 11, 2024 at 12:26 p.m. ET Mortgage rates rose slightly in the latest week, but that didn’t deter home buyers. The 30-year fixed-rate mortgage rose and averaged 6.66% as of January 11, according to data released by Freddie Mac FMCC on Thursday. It’s up 4 basis points from the previous week — one
Published: Dec. 29, 2023 at 7:23 p.m. ET CHARLESTON, W.Va. — West Virginia is issuing the first checks from a fund established by the settlement of opioid lawsuits in the state, which has by far the nation’s highest drug-overdose death rate. The Kanawha County Commission said Thursday it received a $2.9 million check and plans to
My dad wants to take out a mortgage and has tried, unsuccessfully, to have Sallie Mae release him as cosigner on my $153,000 student loan. What can we do?
I thought it was a federal loan because I believe they did both types of loans. I started paying back the $153,000 interest-only loan in September 2022, while my dad paid towards the principal and the balance increased. They removed the interest-only repayments after several calls were made regarding the balance not being reduced. My