Morningstar tweaked ratings of paying clients, SEC claims:
financial-planning.com/articles/morningstar-tweaked-ratings-of-paying-clients-sec-claims
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| Last Updated | Feb 23 21 |
| Total Articles | 3 |
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20 banks and thrifts with the most assets: The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
americanbanker.com/list/20-banks-and-thrifts-with-the-most-assets
Lucian Prună takes over the leadership of Mogo Romania: Who’s News - Mogo Romania, a company specialising in financing used vehicles and part of the ...
business-review.eu/profiles1/whoss-news/lucian-pruna-takes-over-the-leadership-of-mogo-romania-259809
20 bank holding companies with the largest business loan portfolios : The top five bank holding companies have combined business loan portfolios of more than $2 ...
americanbanker.com/list/20-bank-holding-companies-with-the-largest-business-loan-portfolios
Citigroup Preferred Offers 10% Yield—and Plenty of Risk
barrons.com/articles/citigroup-stock-preferred-yield-77173e19
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Climate change, stifled mergers and other challenges facing banks and investors: Institutions and their investors are facing pressure from climate activists ...
americanbanker.com/news/climate-change-stifled-mergers-and-other-challenges-facing-banks-and-investors
ValueAct's reputation gamble in Japan pays off: ValueAct Capital can breathe a sigh of relief. The U.S. investment firm prefers to chide management of ...
reuters.com/breakingviews/valueacts-reputation-gamble-japan-pays-off-2024-04-23/
Four hurdles for bank buyers to clear: As recently as a few months ago, many observers predicted a surge of bank mergers this year. But longtime obstacles to ...
americanbanker.com/list/four-hurdles-for-bank-buyers-to-clear
20 bank holding companies with the largest business loan portfolios : The top five bank holding companies have combined business loan portfolios of more than $2 ...
americanbanker.com/list/20-bank-holding-companies-with-the-largest-business-loan-portfolios
Old Mutual gets the green light to open OM Bank: Old Mutual has been given the initial approval to launch a bank in South Africa.
iol.co.za/business/advice/old-mutual-gets-the-green-light-to-open-om-bank-ed3669a1-9d32-4628-a587-e259fdd62839
'There are risks': Betsy Cohen on banking as a service: Banking as a service is expensive, it takes time and onboarding has to be done carefully ...
americanbanker.com/podcast/there-are-risks-betsy-cohen-on-banking-as-a-service
Allow private capital to provide liquidity to Ginnie Mae servicers: Banks and other private lenders could help ease the liquidity crisis facing some companies ...
americanbanker.com/opinion/allow-private-capital-to-provide-liquidity-to-ginnie-mae-servicers
JPMorgan Chase's plan for face and palm payments: The bank will use biometric authentication to streamline checkout in stores starting in 2025 ...
americanbanker.com/payments/news/jpmorgan-chases-plan-for-face-and-palm-payments
What is ESG Investing? What are the Risks, and Why is It Facing a Backlash?: In one sense, defining ESG is easy — it’s an approach to finance and investing ...
bloomberg.com/news/articles/2024-04-22/what-is-esg-investing-what-are-the-risks-and-why-is-it-facing-a-backlash
Outgoing Nedbank CEO Mike Brown has done a good job of reducing the pile in his successor’s in-tray
dailymaverick.co.za/article/2024-04-21-nedbank-ceo-mike-brown-has-done-a-good-job-of-reducing-the-pile-in-his-successors-in-tray/
Stanford researchers say large language models favor white-sounding names: Tests of models from OpenAI, Google and others found their advice tends to ...
americanbanker.com/news/stanford-researchers-say-large-language-models-favor-white-sounding-names
No high street banks are currently offering new ISA rules to customers: The new ISA rules that give savers more flexibility are not being offered by any of the ...
gazettelive.co.uk/news/teesside-news/no-high-street-banks-currently-29031344
Macquarie Bank slapped with $10m fine after failing to detect fraudulent withdrawals
9news.com.au/finance/macquarie-bank-10-million-dollar-fine-fraud-controls/49416d30-8fca-4c84-bb37-3f4f8f9a7af7
Billionaire Pinault CEO Laments Kering Slide as Fortune Dwindles: The billionaire Pinault heir at the helm of Gucci owner Kering SA is unhappy about the fashion ...
bloomberg.com/news/articles/2024-04-25/kering-ceo-pinault-unhappy-with-gucci-owner-s-performance
Quick Glance: Time for Kering’s King to Consider a Step Back
- Francois-Henri Pinault, Chairman and CEO of Kering, should consider bringing in fresh blood and possibly appointing a new CEO.
- In any sector other than luxury, shareholders might have already stepped in to suggest a change at the helm, but at Kering, founding families tightly control the company.
- The board of Kering should apply pressure on the chairman to at least give up the CEO role.
- Pinault should step back into the chairman's job and leave a new Kering chief the independence they will need.
Boeing now has a ‘negative’ outlook from both Moody’s and S&P Global: S&P sees greater uncertainty regarding Boeing's ability to achieve its estimates ...
qz.com/boeing-credit-ratings-outlook-negative-moodys-sp-1851435363
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
No, a Shadowy Figure Is Not Buying Tents for Columbia Student Protesters: Conspiracies about outside forces funding and orchestrating the university protests at ...
wired.com/story/conspiracy-tents-student-protests-gaza/
Liability, partial and fully comprehensive insurance: prices for car insurance are increasing significantly
n-tv.de/ratgeber/Preise-fuer-KFZ-Versicherung-ziehen-deutlich-an-article24900961.html
Riester pension: How high the pensions paid out really are: New figures show how small the Riester pensions paid are: not only are they extremely small ...
capital.de/geld-versicherungen/riester-rente--wie-hoch-die-ausgezahlten-renten-wirklich-sind-34656460.html
Kotak Shares Tumble After Ban on Cards and New Online Clients: Kotak Mahindra Bank Ltd. shares tumbled after it was barred from adding new customers through its ...
bloomberg.com/news/articles/2024-04-25/kotak-shares-tumble-after-ban-on-cards-new-online-clients
Paid articlePaidQuick Glance: RBI restricts Kotak Bank from online customer onboarding, issuing new credit cards
- The RBI directed Kotak Mahindra Bank to halt onboarding new customers through online and mobile banking channels and suspend issuing new credit cards immediately.
- Significant deficiencies and non-compliances in the bank's IT risk management and information security governance for 2022 and 2023 were highlighted by the RBI.
- The bank was found to be materially deficient in operational resilience and was instructed to enhance its IT systems to protect customers and the financial ecosystem.
- Historically, the RBI has enforced similar measures on other banks to ensure regulatory compliance, such as suspending customer onboarding and new credit card issuance.
Japan’s Retail Investors Bought Record Shares as Stocks Plummet: Japan’s retail investors purchased a record amount of domestic stocks last week ...
bloomberg.com/news/articles/2024-04-25/japan-s-retail-investors-bought-record-shares-as-stocks-plummet
Goldman and Citadel Securities back Howard Lutnick’s renewed tilt on futures market
ft.com/content/8b6a724f-07ab-4592-905f-b6eca6bdc974
Deutsche Bank first-quarter profit jumps 10% as investment bank outperforms: Deutsche Bank posted on Thursday a better-than-expected 10% increase in ...
reuters.com/business/finance/deutsche-bank-posts-better-than-expected-10-rise-q1-net-profit-2024-04-25/
Quick Glance: Deutsche Bank Increases Quarterly Profit by 10 Percent
- Deutsche Bank surpasses expectations in the first quarter of 2024 with a profit of 2 billion euros before taxes and 1.5 billion euros after taxes.
- CEO Christian Sewing expresses satisfaction, citing the best results since 2013, emphasizing discipline in meeting cost targets, and the strong capital base.
- Revenue in investment banking increases significantly, particularly through trading in bonds, currencies, and large loans.
- Deutsche Bank invests in buying back its own shares, raises dividends, and plans job cuts to keep costs below 20 billion euros.
Elon Musk's SpaceX could spinoff Starlink in a big IPO this year, investment adviser says
qz.com/elon-musk-spacex-starlink-spinoff-ipo-investment-advise-1851433211
UBS Analyst Who Cut Evergrande Turns Bullish on Chinese Property Market: When it comes to Chinese real estate, John Lam is a lone wolf.
bloomberg.com/news/articles/2024-04-25/ubs-analyst-who-cut-evergrande-turns-bullish-on-property
First Citizens beats profit estimates, says SVB business stabilized: First Citizens BancShares' first-quarter profit beat expectations as the lender earned ...
reuters.com/markets/us/svb-owner-first-citizens-profit-beats-estimates-interest-income-strength-2024-04-25/
Continental Fined €100 Million Over Role in Diesel Emission Scam: Continental AG was fined €100 million ($107 million) for failing to prevent that its staff ...
bloomberg.com/news/articles/2024-04-25/continental-fined-100-million-over-role-in-diesel-emission-scam
India’s difficult business environment is improving : The changes are allowing Indian firms to become more dynamic
economist.com/special-report/2024/04/22/indias-difficult-business-environment-is-improving
BNP Paribas’s Fixed Income Traders Trail for Fourth Straight Quarter: BNP Paribas SA posted better-than-expected profit for the first quarter as provisions for ...
bloomberg.com/news/articles/2024-04-25/bnp-s-fixed-income-traders-trail-for-fourth-straight-quarter
Paid articlePaid Bill Gates and Sam Altman invest in nuclear power and you should too, financial adviser says
qz.com/bill-gates-sam-altman-nuclear-power-energy-stocks-1851432722
‘It is our land’: Palestinian children born in refugee camp abroad dream of return
irishtimes.com/politics/2024/04/25/it-is-our-land-palestinian-children-born-in-refugee-camp-abroad-dream-of-return/
A Nvidia-backed startup just unveiled AI avatars that can express human emotions: Synthesia introduced its fourth-generation "Expressive Avatars ...
qz.com/synthesia-introduces-ai-avatars-human-expression-nvidia-1851434555
DB: Deutsche Bank’s Investment Bankers Step Up as Rate Boost Fades: Deutsche Bank AG relied on its traders and investment bankers to make up for a slowdown in ...
bloomberg.com/news/articles/2024-04-25/deutsche-bank-s-investment-bankers-step-up-as-rate-boost-fades
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For Kings (and Lakers, Clippers), home is where the playoff action is: As the Kings head back to L.A. after exhilarating Game 2 OT win, they'll find Crypto ...
latimes.com/sports/hockey/kings/story/2024-04-25/kings-edmonton-oilers-game-2-crypto-arena-nba-nhl-playoffs
Barclays (BARC LN): Investment Bank Isn't Keeping Momentum: The UK lender is slower to recover than Deutsche Bank, BNP Paribas and US peers on deals and ...
bloomberg.com/opinion/articles/2024-04-25/barclays-barc-ln-investment-bank-isn-t-keeping-momentum
In Argentina, students protest against austerity plan leading to public university cuts
lemonde.fr/en/international/article/2024/04/24/in-argentina-students-protest-against-government-s-austerity-plan_6669319_4.html
Big pension increase in the summer but was that it?: Pensions will rise more sharply in July than previously thought. But the increases could shrink ...
hna.de/wirtschaft/grosse-rentenerhoehung-im-sommer-zukunft-rente-inflation-inflationspraemie-rentner-kaufkraft-zr-93032410.html
Nissan, Mazda roll out new models for China as they aim for comeback: Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday ...
reuters.com/business/autos-transportation/nissan-unveils-four-concept-cars-fuel-china-comeback-2024-04-25/
European banks have little to lose from rate cuts: Tighter monetary policy has delivered a giant boost to Europe’s long-suffering lenders ...
reuters.com/breakingviews/european-banks-have-little-lose-rate-cuts-2024-04-25/
Invesco agrees to pay Rs 5 cr to Sebi for settlement in MF violation case: In an inspection conducted in 2021, the market regulator found that there was no clear ...
business-standard.com/companies/news/invesco-agrees-to-pay-rs-5-cr-to-sebi-for-settlement-in-mf-violation-case-124042400896_1.html
The economy grew a disappointing 1.6% in Q1. What does it mean for interest rates?
usatoday.com/story/money/2024/04/25/gdp-report-first-quarter/73437532007/
Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
Hermes Defies Luxury Slowdown With Sales Jump in Asia: Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a ...
bloomberg.com/news/articles/2024-04-25/hermes-defies-luxury-slowdown-with-sales-jump-in-asia
From accountant to insurance salesperson: Annflorence Makanga is an Agency Manager at Kenya Orient Life Assurance Limited. She is also an Associate Insurance ...
nation.africa/kenya/life-and-style/mynetwork/from-accountant-to-insurance-salesperson-4601964
Vote no to bashing proxy advisers: Jamie Dimon is a busy man. Yet the JPMorgan boss found time to devote more than a page of his annual letter to shareholders ...
reuters.com/breakingviews/vote-no-bashing-proxy-advisers-2024-04-25/
‘Just didn’t add up’: Could you survive without a car?: More and more of us are opting to go carless as the cost of owning a vehicle continues to rise.
theage.com.au/money/planning-and-budgeting/just-didn-t-add-up-could-you-survive-without-a-car-20240423-p5flxb.html
Bank of America's 4-step plan: This is how the Tesla price rises again: After being upgraded to buy, Tesla stock could rise again, according to Bank of America ...
businessinsider.de/wirtschaft/4-stufen-plan-der-bank-of-america-so-steigt-der-tesla-kurs-wieder/
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
Tepid economic data weighs on equities; yen sinks to fresh lows: Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook ...
reuters.com/markets/global-markets-wrapup-1-2024-04-25/
China Car Show Latest: Cutthroat Market, Expansion Plans: Slowing demand for electric vehicles, heightened trade tensions and questions about whether Western ...
bloomberg.com/news/articles/2024-04-25/china-car-show-latest-flashy-models-rolled-out-to-win-customers
Jamie Dimon says consumers are in 'good shape' — even if a recession hits: But things could be different if the economy falls into 1970s-style "stagflation ...
qz.com/jamie-dimon-recession-us-economy-consumers-stagflation-1851431819
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
GTA 6 release date rumours, trailers, price and more: The latest instalment in the Grand Theft Auto series takes us back to Vice City
independent.co.uk/extras/indybest/gadgets-tech/video-games-consoles/gta-6-release-date-trailer-b2525013.html
Climate Policy Is Working: Double Down on What’s Succeeding Instead of Despairing Over What’s Not
foreignaffairs.com/world/climate-change-policy-working-kelly-gallagher
Paid articlePaid Caterpillar, Deere inventories in focus as machinery demand plateaus: Equipment inventories will be in focus when Caterpillar , Deere and CNH Industrial report ...
reuters.com/business/caterpillar-deere-inventories-focus-machinery-demand-plateaus-2024-04-24/
Turkey’s ‘Orthodox’ Pivot Makes Lira a Favorite for HSBC: Turkey’s return to a more conventional approach to monetary policy is boosting investor confidence ...
bloomberg.com/news/articles/2024-04-24/turkey-s-orthodox-pivot-makes-lira-a-favorite-for-hsbc
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India’s ICICI Bank exposed thousands of credit cards to ‘wrong’ users: ICICI Bank, one of India’s top private banks, exposed the sensitive data of thousands of ...
techcrunch.com/2024/04/25/india-icici-bank-exposed-credit-cards/
U.S. bank regulators extend comment period on Capital One-Discover deal: U.S. bank regulators announced Wednesday they were extending the comment period on ...
reuters.com/markets/deals/us-bank-regulators-extend-comment-period-capital-one-discover-deal-2024-04-24/
Volkswagen aims to keep China market share stable as price war rages: Volkswagen aims to keep its Chinese market share roughly stable until the end of the decade ...
reuters.com/business/autos-transportation/volkswagen-aims-maintain-15-market-share-china-2030-country-chief-says-2024-04-24/
Caitlin Clark to sign new Nike deal valued at $28 million over 8 years, reports say
apnews.com/article/caitlin-clark-nike-3ea6a96e0b830b66b4680cc5318de9e4
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
- Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.
- As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.
- This partnership represents the largest sponsorship deal for a female basketball player.
Tepid economic data weighs on equities; yen sinks to fresh lows: Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook ...
reuters.com/markets/global-markets-wrapup-1-2024-04-25/
2 teens charged with murder in case of 16-year-old killed outside Halifax mall | Globalnews.ca
trib.al/x83G3fM
Lamborghini's 2025 Urus Hybrid: A Slow Tiptoe Towards Electric: The second plug-in from the Italian carmaker packs nearly 800 horsepower and lots of ...
bloomberg.com/news/articles/2024-04-24/lamborghini-s-2025-urus-hybrid-a-slow-tiptoe-towards-electric
'We love Trump!': Supporters gather as hush money trial continues: At the same time the US Supreme Court is discussing whether Trump should be immune from ...
itv.com/news/2024-04-25/we-love-trump-supporters-gather-as-hush-money-trial-continues
Quick Glance: Trump's Attempt to Influence 2016 Election: Hush Money Trial Begins
- An prosecutor alleges that Donald Trump tried to illegally influence the 2016 election by preventing damaging stories about his personal life from becoming public.
- The trial, potentially lasting up to two months, will require Trump to spend his days in a courtroom instead of on the campaign trail.
- The indictment includes 34 counts of falsifying business records, punishable by up to four years in prison.
- The case sheds light on efforts to suppress stories, known as 'Catch-and-Kill' in tabloid industry, to prevent potentially damaging revelations.
Russian court orders seizure of $440mn from JPMorgan: Move follows lawsuit from state-owned bank VTB to ‘recover losses’ from America’s largest lender
ft.com/content/c2fc7827-fdce-458b-8416-1476208c22da
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How Trump turned the 2016 primary into a supermarket tabloid gutter fight: Court testimony detailed how Donald Trump used the National Enquirer to smear GOP ...
washingtonpost.com/politics/2024/04/24/trump-national-enquirer-2016-primary/
Quick Glance: Trial Judge Evaluates Trump's Compliance with Gag Order
- Former President Trump is on trial in New York for hush money issues. David Pecker from 'National Enquirer' testified about an agreement to manipulate stories about Trump and his rivals.
- Concerns arose about Trump's violation of the gag order by criticizing court members. Mary McCord explained how the administration of justice can be disrupted by defendants' statements, leading to legal restrictions.
- Despite reluctance to detain a former president, fines may be imposed for attacks on witnesses and judicial families. Threats to security and witness testimonies pose serious challenges to the trial's integrity.
- Judges emphasize the importance of upholding justice by addressing threats and ensuring the safety of those involved in legal proceedings. The credibility of the trial hinges on maintaining a fair and secure environment.
What is moratorium period in health insurance? | Mint: Moratorium period is also referred to as the look-back period in insurance. This is a safeguard clause ...
livemint.com/money/personal-finance/what-is-moratorium-period-in-health-insurance-11713941940251.html
HSBC says growing Chinese wealth fuels client investments in US: HSBC's wealthy clients in China and Hong Kong are still eager to invest in the U.S. ...
reuters.com/business/finance/hsbc-says-growing-chinese-wealth-fuels-client-investments-us-2024-04-24/
India's Axis Bank re-appoints Amitabh Chaudhry as MD, CEO: India's Axis Bank has re-appointed Amitabh Chaudhry as its chief executive officer and managing ...
reuters.com/business/finance/indias-axis-bank-re-appoints-amitabh-chaudhry-md-ceo-2024-04-25/
StanChart Tells Clients Craving Oil, Copper to Beware Inflation: Some Standard Chartered Plc clients are increasingly favoring tangible assets like copper and ...
bloomberg.com/news/articles/2024-04-24/stanchart-tells-clients-craving-oil-copper-to-beware-inflation
Insurer Humana pulls 2025 profit forecast on disappointing Medicare rates: Humana withdrew its already downscaled 2025 profit forecast on Wednesday ...
reuters.com/business/healthcare-pharmaceuticals/humana-beats-first-quarter-profit-estimates-strength-medicare-business-2024-04-24/
Goldman Sachs, BofA shareholders reject proposals for CEO-chair split: Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO ...
reuters.com/business/finance/goldman-ceos-leadership-criticized-by-ethics-group-annual-meeting-2024-04-24/
Puig: Billionaire Owners of Jean Paul Gaultier and Rabanne Plan for IPO: The Puig family is taking its eponymous company public as the next generation won't ...
bloomberg.com/news/articles/2024-04-25/puig-billionaire-owners-of-jean-paul-gaultier-and-rabanne-plan-for-ipo
Paid articlePaid Hermes 1st quarter sales jump 17% on strong China demand: Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday ...
reuters.com/business/retail-consumer/hermes-q1-sales-jump-17-growth-across-regions-2024-04-25/
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