Income reports

Payday lenders prey on people of color. Paydaychampion that provide small-dollar loans and flexible pay, on the other hand, may be able to assist people in getting out of debt

Payday lenders specifically target Black and Latinx groups, with more locations in minority areas. On the other hand, this $100 Loans Online suggests this choice for individuals living paycheck to paycheck. Paydaychampion that provide small-dollar loans and early access to paychecks might be a viable alternative for consumers in need of cash in the near […]

Profit statements

CIMB Q4 net profit nearly quadruples to RM854.51m and pays dividend of SR12.55

KUALA LUMPUR (February 28): CIMB Group Holdings Bhd’s net profit for the fourth quarter ended December 31, 2021 (4QFY21) increased nearly fourfold to RM854.51 million from RM214.98 million it a year ago, due to significantly lower provisions. Its revenue for 4QFY21, however, fell 1.68% to RM4.59 billion from RM4.67 billion a year ago, its filing […]

Profit statements

Unilever returns to profit as MTN increases revenue by 45%

RThe results published for the 2021 financial year showed that if Unilever returned to profit, MTN Nigeria increased its revenue by 45%. Analysis of the results of the two companies published this week on the Nigerian Stock Exchange (NGX) indicated that Unilever returned to profitability last year after posting a loss a year earlier. The […]

Profit statements

Pennymac Financial Services profit drops 31% in fourth quarter

California-based non-bank mortgage lender Pennymac Financial Services saw record loan production last year, but a significant decline in net profits. Reflecting the landscape of higher rates, in the last three months of 2021, the servicing segment brought more returns to the business than production. The company reported net income of $1 billion in 2021, down […]

Profit statements

Valero posts quarterly profit on rising gasoline demand

The Valero refinery next to the Houston Ship Channel is seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File Photo Jan 27 (Reuters) – U.S. refiner Valero Energy Corp (VLO.N) posted a quarterly profit on Thursday, up from a loss a year ago, as demand for fuel and refined products soared due to a […]

Profit statements

Honda Atlas profit drops 41%

KARACHI: Honda Atlas Cars (Pakistan) Ltd on Thursday announced a 40.68% drop in profit for the quarter ended December 31 due to an increase in the cost of sales. In a statement to the Pakistan Stock Exchange, the company reported a net profit of 445.94 million rupees in the quarter ended December 31 against 751.80 […]

Profit statements

Status quo policy rate: 9.75%

The State Bank of Pakistan (SBP) kept its benchmark interest rate at 9.75% on Monday, signaling a pause in the tightening cycle. “There is no need for further tightening at the moment due to government fiscal policy,” SBP Governor Reza Baqir said Monday at a press conference. In line with the Monetary Policy Statement (MPS), […]

Profit statements

JPMorgan boss Jamie Dimon’s salary tops $34m as bank profits hit record high

JPMorgan is paying chief executive Jamie Dimon $34.5 million for a record-breaking 2021 year, $3 million more than he earned in the previous two years. The country’s biggest bank reported net profit of $48.3 billion last year, up 66% from a year earlier and a third above the old record. The stock rose 25%, but […]

Lending markets

DataLend: Securities Lending Markets Up 21% in 2021, Generating $ 9.28 Billion in Revenue | State

NEW YORK, January 4, 2022 / PRNewswire / – The global securities lending industry has generated $ 9.28 billion revenue for lenders in 2021, according to DataLend, the fintech market data division EquiLend. This figure represents an increase of 21.2% over the $ 7.66 billion generated for lenders in 2020 and an increase of 7.2% […]

Lending markets

Securities lending markets up 21% in 2021, generating $ 9.28 billion in revenue

NEW YORK, January 4, 2022 / PRNewswire / – The global securities lending industry has generated $ 9.28 billion revenue for lenders in 2021, according to DataLend, the fintech market data division EquiLend. This figure represents an increase of 21.2% over the $ 7.66 billion generated for lenders in 2020 and an increase of 7.2% […]

Lending markets

Securities Lending Markets Up 21% in 2021, Generating $9.28 Billion in Revenue

NEW YORK, January 4, 2022 /PRNewswire/ — The global securities lending industry generated $9.28 billion revenue for lenders in 2021, according to DataLend, the market data division of fintech EquiLend. EquiLend logo (PRNewsfoto/EquiLend) This figure represents an increase of 21.2% compared to the $7.66 billion generated for lenders in 2020 and a 7.2% increase from […]

Profit statements

Profits for insurers, turnover up at end-September

With a recovering economy and greater awareness of insurance products amid a protracted pandemic, industry sales and profits increased in the first nine months of 2021, the Insurance Commission (IC) said on Friday. . Total premiums earned, or insurance policies sold, by life and non-life insurers as well as mutual benefit associations (MBAs) from January […]

Income reports

G20 pledges to achieve carbon neutrality and end overseas coal funding

Rome: Leaders of the world’s biggest economies pledged on Sunday to achieve carbon neutrality by mid-century as they wrapped up a two-day summit that set the stage for the UN climate conference in Glasgow, Scotland . According to the final communiqué, the Group of 20 leaders also agreed to end public funding for coal-fired power […]

Profit statements

A 100bp hike brings the key rate to 9.75pc

KARACHI: The State Bank of Pakistan (SBP) announced a 100 basis point hike in the policy rate following today’s Monetary Policy Committee (MPC) meeting. The increase aims to “counter inflationary pressures” and “ensure growth that remains sustainable”. Although the term forward guidance was not used in the statement, the MPC said: “As a result of […]

Lending markets

Commercial and Multi-Family Loan Markets Ready for Growth in 2021

The commercial and multi-family lending markets are expected to experience strong growth in 2021. Mortgage maturity volumes are expected to increase by 36% this year, according to a new Mortgage Bankers Association report, while commercial and multi-family loans are expected to increase. by 11%. Commercial and multi-family mortgage bankers are expected to close $ 486 […]