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 […]

Lending markets

Chinese stocks jump on promise of policies supportive of economy and capital markets

Stocks in China and Hong Kong surged on Wednesday afternoon after Vice Premier Liu He said Beijing would roll out more measures to stimulate the Chinese economy as well as policy measures supportive of capital markets. The comments came as Chinese stocks have been hit in recent weeks by rising domestic COVID-19 cases, the […]

Lending markets

Are you looking for an inflation hedge? Consider carbon markets

Market volatility continues as investors absorb and react to concerns about inflation, the war in Ukraine, rising interest rates and other factors. Advisors and investors have increasingly sought refuge in safe-haven assets, and commodities have seen a spike in inflows not seen in years. When considering commodities as a hedge against inflation, advisors should view […]

Profit statements

reduced PF interest rates; loss for 6 crore employees, EPFO ​​profit 450 crore – INDIA – GENERAL

NEW DELHI: A central board meeting of the Employees Provident Fund Organization (EPFO) in Guwahati has recommended that the interest rate on Employees Provident Fund deposits be reduced by 8.5% to 8.1% for fiscal year 2021-22. year, leaving about 60 million people stranded. The rate will come into effect in accordance with the notification issued […]

Profit statements

Investors adjust multifamily profit margins for 2022

Investors expect a strong 2022 for multifamily investing, but that could include lower profit margins than 2021, according to Lightbox’s 2022 Q1 Investor Sentiment Report. As higher interest rates put upward pressure on borrowing rates and capitalization rates, earnings will be affected. But David Scherer, co-CEO of Origin Investments, said this does not mark the […]

Profit statements

David Jones profit plunges 44% in first half

David Jones reported a 44.6% decline in adjusted operating income to $31 million for the 26 weeks ended December 26, 2021, with revenue down 9.2% for the period. Gross profit margin increased 20 basis points to 35% due to reduced price cuts, a better inventory position and the timing of the Boxing Day sale. In […]

Profit statements

British bank NatWest returns to profit in 2021

LONDON (AFP) – NatWest bank said on Friday it returned to profit last year as the economy recovered from the pandemic and is expected to benefit from rising interest rates this year. The British public lender said in a statement that net profit reached £2.95 billion in 2021, compared with a loss of £753 million […]

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

US dollar shaken as ‘quick money’ takes profit following Powell’s remarks

USD rates shaken and stirred by hawkish Fed chatter Profit-taking cited for losses as inflation data looms USD may fall further in the near term but not recover While the market has not yet integrated the Fed’s neutral rate offer Image © Federal Reserve The dollar lost value ahead of the midweek session after hawkish […]

Profit statements

Pound plunges again after Erdogan cites Islam to defend rate cuts

ISTANBUL: The ailing Turkish lira plunged after President Recep Tayyip Erdogan invoked Islamic teachings as a justification for not raising interest rates in order to cushion the currency against historic falls. Erdogan pushed the central bank to sharply lower borrowing costs despite the annual rate of inflation soaring to over 20%. Economists believe the policy […]

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 […]

Investment reports

AGNC Investment Reports Stable Book Value, But Are Troubled Waters Ahead?

JThe US economy is struggling to cope with an unusually high level of inflation, which hasn’t been a problem for decades. On the contrary, the Federal Reserve has been unhappy because inflation has been too low for too long in the past. The latest spurt in inflation has been attributed to supply chain issues, product […]

Investment reports

AGNC Investment Reports Stable Book Value, But Are Choppy Waters Coming?

The US economy is struggling to cope with unusually high inflation, which has not been a problem for decades. If anything, the Federal Reserve has been unhappy because inflation has been too low for too long in the past. The latest bout of inflation has been blamed on supply chain issues, product shortages, labor shortages […]

Lending reports

Blackstone Secured Lending Reports Third Quarter 2021 Net Investment Income Per Share of $ 0.63 and Net Asset Value per Share of $ 26.15

NEW YORK, November 12, 2021– (BUSINESS WIRE) – Blackstone Secured Lending (NYSE: BXSL; “BXSL” or the “Company”) today announced its financial results for the third quarter ended September 30, 2021, with net investment income as of highest estimated range. “We are proud to report strong third quarter financial results, including net investment income and increasing […]

Lending markets

Circle wants to help businesses access DeFi lending markets with new API – TechCrunch

Cryptocurrency firm Circle has announced plans to launch a new API for businesses using Circle accounts to manage crypto assets – and in particular USDC stablecoins. The new API will allow businesses to access decentralized financing protocols (DeFi) starting with compound loan pools. Circle is best known as one of the founding members of the […]

Investment reports

New residential investment yields solid figures on mortgage service gains

Having had one of the best years in over a decade, mortgage bankers are being treated as suspects by the market. Investors are worried about rising mortgage rates choking the refinancing market and heightened competition among bankers which is squeezing margins. In this environment, a mortgage banker with several complementary professions such as New residential […]

Lending markets

ICE Benchmark Administration presents ICE SONIA indices to facilitate the transition of UK credit markets to SONIA

LONDON–(COMMERCIAL THREAD) – Intercontinental Exchange, Inc. (NYSE: ICE), a leading global exchange and clearinghouse operators and provider of mortgage technology, data and quotation services, today announced that ICE Benchmark Administration Limited (“IBA”) has launched a first, “beta” version of the ICE SONIA indexes for information and testing purposes. IBA has also published a methodological document […]

Lending markets

Fed steps in again to try to smooth credit markets

WASHINGTON — The Federal Reserve is once again stepping in to try to smooth global credit markets, this time by lending dollars to other central banks in exchange for Treasury bills. The Fed’s decision on Tuesday marks its latest aggressive effort to keep borrowing rates low and ensure financial markets can still function in the […]

Lending markets

Virginia’s riskiest payday and securities lending markets in the country

Americans from all walks of life use payday loans and vehicle title deeds, and they typically do so to cover recurring expenses such as rent, mortgage payments, groceries, and utilities, rather than expenses. unforeseen.1 Only a checking account and verifiable income are needed to get a payday loan;2 Clear title to a vehicle is generally […]

Lending markets

Alternative Finance Leading Countries and Next High Growth Markets

Since the financial crisis, borrowers have been eager for lower interest rates and better access to credit, while lenders have sought higher returns on their investments. Banks, struggling with regulatory constraints, have not been able to fully meet these needs. This left room for the growth of a new market: peer-to-peer lending. Decision-making information Peer-to-peer […]