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October 22, 2021

Finance

Hong Kong finance chief says city’s exposure to Evergrande ‘very minimal’ -SCMP

Reuters
The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021. REUTERS/Tyrone Siu/File Photo Oct 3 (Reuters) – Hong Kong’s exposure to debt-laden developer China Evergrande Group (3333.HK) is “very minimal” at 0.05%, or HK$14 billion ($1.79 billion), of banking assets,......

Google’s pivot away from bank accounts shows why finance is a tough industry for tech giants

CNBC
CNBC – For more and to sign up click here The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images At least one tech giant has decided it’s better to serve banks rather than taking them head on. Google is shuttering its bank......

Former Olympics minister Suzuki to be next Japan finance minister – Yomiuri

Reuters
Japan’s Olympics Minister Shunichi Suzuki speaks at a news conference in Tokyo, Japan August 3, 2017. REUTERS/Kim Kyung-Hoon TOKYO, Oct 1 (Reuters) – Japan’s former Olympics minister Shunichi Suzuki is likely to be appointed finance minister in presumptive new Prime Minister Fumio Kishida’s cabinet, the Yomiuri daily reported, a key......

U.S. Supreme Court to consider Senator Cruz’s campaign finance challenge

Reuters
Sept 30 (Reuters) – The U.S. Supreme Court on Thursday agreed to hear the Federal Election Commission’s bid to restore a campaign finance law that caps the amount of money that candidates can be reimbursed for personal loans to their campaigns in a challenge brought by Republican Senator Ted Cruz.......

Be Cautious of Finance Tips on Social Media – Money

@BreaknNews
(NewsUSA) -The internet and the evolution of social media platforms makes it easy to find information — and misinformation — on almost any topic, including financial planning. Approximately 3.6 billion people worldwide access a growing array of social media such as Facebook, Instagram, Twitter and TikTok. Although social media platforms......

This Teacher Decides To Teach Kids About Finance Using A Classroom Economy System But Not Everyone Likes It

IA
A teacher’s job is a very responsible one as they are the ones that shape a student, give them knowledge and impact their view on certain things. Often people choose this profession knowing that they really want to do it, as it is not easy dealing with kids, let alone......

Treasury says more rental aid is reaching tenants, preventing evictions

USA TODAY – For more and to sign up click here Celine Castronuovo The Treasury Department on Friday announced that the pace of federal rental aid payments amid the coronavirus pandemic picked up last month, with more than $2.3 billion distributed to households to help prevent evictions.  The federal agency......

Biden to tap law professor who wants to ‘end banking as we know it’ as OCC chief: reports

USA TODAY – For more and to sign up click here Joseph Choi President Biden is reportedly planning to nominate a law professor who has said she wants to “end banking as we know it” to run the Office of the Comptroller of the Currency (OCC).Sources told … Source link To Return to the......

Stocks plummet over Chinese real estate fears

CBS News
CBS News – For more and to sign up click here Stocks plummet over Chinese real estate fears – CBS News Watch CBSN Live Wall Street had its worst day since May amid fears that a Chinese real estate company could default, and that the Federal Reserve could begin ending......

Banks beware, outsiders are cracking the code for finance

Reuters
Embedded finance investment jumps in 2021, data shows Buy now pay later deals take centre stage Fintech market valuations leapfrog banks LONDON, Sept 17 (Reuters) – Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart......

Crypto Banking and Decentralized Finance, Explained

New York Times
DeFi platforms are structured to become independent from their developers and backers over time and to ultimately be governed by a community of users whose power comes from holding the protocol’s tokens. By comparison, centralized finance, or CeFi, businesses more closely resemble traditional finance, or TradFi, where consumers enter into......

Malaysia PM retains finance minister, senior figures in cabinet

Reuters
New Malaysian Prime Minister Ismail Sabri Yaakob gestures from a car, as he leaves after the inauguration ceremony, in Kuala Lumpur, Malaysia August 21, 2021. REUTERS/Lim Huey Teng/File Photo KUALA LUMPUR, Aug 27 (Reuters) – Malaysian Prime Minister Ismail Sabri Yaakob unveiled his cabinet on Friday, re-appointing the finance minister......

Landlord faces homelessness amid eviction ban

CBS News
CBS News – For more and to sign up click here Landlord faces homelessness amid eviction ban – CBS News Watch CBSN Live Landlords who aren’t receiving rent payments during the pandemic are feeling the squeeze. Mola Lenghi meets one landlord who is functionally homeless and can’t evict her tenants......

Cyber threats top agenda at White House meeting with Big Tech, finance executives

Reuters
WASHINGTON, Aug 25 (Reuters) – The White House asked Big Tech, the finance industry and some infrastructure companies to do more to tackle the growing cybersecurity threat to the U.S. economy in a meeting with President Joe Biden and members of his Cabinet on Wednesday. “The federal government can’t meet......

Biden to host tech, finance and energy CEOs for security summit at White House following wave of cyberattacks

CNBC
CNBC – For more and to sign up click here U.S. President Joe Biden delivers remarks on the coronavirus disease (COVID-19) response and vaccination program during a speech in the East Room at the White House in Washington, August 18, 2021. Elizabeth Frantz | Reuters President Joe Biden will meet......

Peru’s Castillo names moderate leftist as finance minister in olive branch to markets

Reuters
Peru’s President Pedro Castillo walks out the Congress after his swearing-in ceremony, in Lima, Peru July 28, 2021. REUTERS/Angela Ponce/File Photo LIMA, July 30 (Reuters) – Peru’s Pedro Castillo appointed moderate economist Pedro Francke as finance minister late on Friday, an olive branch to rattled markets after the newly-elected president......

Square is building a decentralized finance business using bitcoin

CNBC
CNBC – For more and to sign up click here Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.......

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