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Banking / Financial Services

Releases published in the last 30 days.

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National Canadian Credit Counseling Firm Warns Against Adding New Debt This Holiday Season
National Canadian Credit Counseling Firm Warns Against Adding New Debt This Holiday Season
12/20/2014 2:02:37 AM
Avineet Kalsey, of BSCC in Vancouver (Surrey), British Columbia, is warning Canadian consumers against acquiring additional debt in the coming holiday season. The same concerns have been echoed by the Bank of Canada which is worried that although the economy is improving, household debt levels seem to be on the rise. According to statistics, debt figures have grown …
IDB approves a $300 million line of credit to help Ecuador maintain its social spending in case of economic shocks
12/19/2014 11:51:33 AM
The Inter-American Development Bank (IDB) has announced the approval of a stand-by line of credit for up to $300 million to help Ecuador protect its social spending from potential external economic shocks. The stand-by credit line, which will be in place for three years, will allow the government of Ecuador to temporarily sustain its levels of spending in programs to …
Forever Lost: 44% of People Could not Recover Money Stolen as a Result of Fraud
Forever Lost: 44% of People Could not Recover Money Stolen as a Result of Fraud
12/18/2014 11:19:23 AM
As the festive season approaches, people go out and buy more. This applies to online purchases just as much as in the shops so Kaspersky Lab reminds device users to make sure they always protect their transactions online. Unfortunately Internet shopping does not always end well for the buyers. A recent survey conducted by Kaspersky Lab and B2B International found that almost …
CommonWealth One Federal Credit Union’s 70th Anniversary Community Challenge surpasses goal early
CommonWealth One Federal Credit Union’s 70th Anniversary Community Challenge surpasses goal early
12/17/2014 12:23:19 PM
CommonWealth One Federal Credit Union ’s 70th Anniversary Community Challenge has surpassed its loan interest savings goal of $700,000. With one month remaining in the Community Challenge, community members have already saved more than $1 million in loan interest.   The Community Challenge kicked off in June when CommonWealth One set a goal to save community members a …
Bank of America Merrill Lynch Named Institutional Investor Magazine’s “Top Global Research Firm of 2014”
12/17/2014 10:00:32 AM
For the fourth straight year and since the recognition’s inception, Bank of America Merrill Lynch was named Institutional Investor magazine’s “Top Global Research Firm.” BofA Merrill Lynch Global Research won 260 total team positions – more than any other firm and three more than last year – in the 12 Institutional Investor research team surveys published this year. “This …
World Bank Advises Croatia on how to Accelerate its Economic Recovery
12/16/2014 12:05:25 PM
Prospects for Croatia’s strong recovery from recession and return to the pre-recession growth rates are slim unless the country vigorously moves forward in addressing the structural weaknesses of its economy, according to the World Bank’s new Public Finance Review: Restructuring Spending for Stability and Growth report. The global financial crisis, coupled with a delay …
Basware Predicts Advances in Online, Real-Time Payment Solutions Will Drive Global B2B Commerce in 2015
12/16/2014 11:39:50 AM
Basware, the leading provider of e-invoicing and purchase-to-pay solutions, predicts 2015 as the year of global business-to-business (B2B) e-commerce, fuelled by several key trends that will speed up economic growth, including innovative financing and e-payment solutions, the growing reliance on social and mobile computing, advanced analytics and increased imperatives from …
Last-Minute Shoppers Spread Holiday Cheer
Last-Minute Shoppers Spread Holiday Cheer
12/15/2014 2:45:10 PM
A vast majority of Americans are extending their holiday shopping, with more planning to shop last minute (79% vs. 75% in 2013) and 64% shopping the day after Christmas (on par with 2013), according to the latest American Express Spending & Saving Tracker . Perhaps emerging as a rival for traditional popular shopping holidays like Black Friday, the day after …
Ending Poverty and Boosting Shared Prosperity in Myanmar
12/15/2014 12:00:14 PM
Raising farm productivity and incomes, more and better basic services for all, and a better business climate are critical to ending poverty in Myanmar, according to a new World Bank report, Ending Poverty and Boosting Shared Prosperity in a Time of Transition. The report, which is the World Bank Group’s first Systematic Country Diagnostic (SCD), traces Myanmar’s untapped …
IFC invests $255 million in Rede D’Or to expand access to healthcare services in Brazil
12/15/2014 10:46:38 AM
IFC, a member of the World Bank Group, announced today that it will invest $255 million to support the expansion of Rede D’Or, the largest network of private hospitals in Brazil. IFC’s investment will help expand access to quality healthcare services in Brazil. IFC will lend $50 million from its own account and arrange another $205 million in syndicated loans. The …
Danske Bank expects to make goodwill impairments
12/15/2014 9:43:07 AM
Danske Bank expects to make goodwill impairments of about DKK 9 billion in its 2014 annual report. Shareholders’ equity will be reduced by the same amount. This should be viewed in light of shareholders’ equity and total goodwill of DKK 158.7 billion and DKK 18.6 billion, respectively, at 30 September 2014. The goodwill impairments are the result of Danske Bank’s ordinary …
Boubyan Bank Uses NCR Technology to Launch Kuwait’s First Mini Bank Concept
12/15/2014 9:12:11 AM
Boubyan Bank, the fastest growing bank in Kuwait, continues to change the concepts of traditional banking services with the launch of its “Mini Bank” concept for the first time in Kuwait. The Mini Bank, launched in cooperation with NCR Corporation, the global leader in consumer transaction technologies, is powered by NCR Interactive Teller, which enables Boubyan’s centrally …
Texas Mediators Team Up to Offer Gender-Balanced, Effective Alternative to Litigation
Texas Mediators Team Up to Offer Gender-Balanced, Effective Alternative to Litigation
12/15/2014 6:00:00 AM
Mediation can make the difference between a peaceful, cost-effective resolution fully embraced by all parties or a contentious battle that leads to destructive and costly litigation, according to Austin Texas Mediators (ATM).  The ATM team of Barbara Allen and Felix Rippy bring a collective 50 years of experience to bear on cases ranging from divorces and personal injury to …
12/15/14 EDITORIAL: Independent Author Salvatore Ingoglia Junior’s New Release for Christmas 2014
12/15/2014 1:00:00 AM
Christmas 2014 is nearly here but yet there are many people who are still struggling with marital issues over Christmas in which a spiritual enlightenment and marital aid book would make an excellent gift this year. Introducing Salvatore Ingoglia JR, and his new independent Release ‘ How to save your marriage: Applying spiritual ways that allow you to know how to improve …
Hearst Corporation to Increase Equity Interest in Fitch Group to 80 Percent
12/12/2014 12:40:55 PM
Hearst Corporation announced today that it will purchase from Fimalac S.A. an additional 30 percent interest in global ratings agency Fitch Group, bringing Hearst’s equity interest to 80 percent. Fimalac will retain a 20 percent equity interest in Fitch Group. The transaction is valued at $1.965 billion. Hearst acquired its original interest in Fitch Group in March 2006 and …
Principal Mortgage Note Buyer and Loan Aquisition Firm Announces Purchase of San Francisco Commercial, Re-Performing Loan
Principal Mortgage Note Buyer and Loan Aquisition Firm Announces Purchase of San Francisco Commercial, Re-Performing Loan
12/11/2014 10:32:12 PM
SAN FRANCISCO, CALIFORNIA - Amerinote Xchange, LLC, the fastest growing California-based loan acquisition firm and private note buyer has recently acquired a re-performing, seller-financed, commercial mortgage note secured by a property in the up and coming area of San Francisco called the Dog Patch.  “What makes this an unusual situation is the simple fact that there are …
New Expense Data From Concur Helps Finance Departments Brace For A Manic Monday
12/11/2014 5:40:11 PM
Concur ® the world’s leading provider of spend management solutions and services, today released a new analysis that shows the third Monday of December has consistently been the busiest expense (claims) day. The analysis identified December 16 as the busiest day for expense claims in 2013, based on data from the 23,000 companies and 27 million users in 150 countries using …
Government of India and World Bank Sign $1.1 Billion Agreement for the Eastern Dedicated Freight Corridor Project
12/11/2014 3:30:55 PM
The Government of India and the World Bank today signed a $1.1 billion agreement towards the second loan for the Eastern Dedicated Freight Corridor (a freight-only rail line) that will help faster and more efficient movement of raw materials and finished goods between the north and eastern parts of India. The project was approved by the World Bank Board on April 22, 2014. The …
Hoffman & Forde Attorneys At Law Clarify Why Real Estate Deals Are Falling Through In New Innovative E-Book
12/11/2014 2:00:00 PM
Hoffman & Forde, a premier Real Estate Law Firm, released a new, cutting-edge e-book to help real estate agents master the essentials of residential real estate. E-book Link Real estate attorneys assists agents in closing more deals predictably and effortlessly. They are able to draft purchase agreements that are tailored to the specific transaction instead the “one …
CFPB Spotlights Concerns with Medical Debt Collection and Reporting
12/11/2014 1:09:22 PM
Today, the Consumer Financial Protection Bureau (CFPB) released a report that found medical debt has a significant impact on consumer credit, as 43 million Americans have overdue medical debt on their credit reports. The CFPB is concerned that the systems for incurring, collecting, and reporting medical debt can create difficult challenges for consumers. To better address …