The Austrian operations of Sberbank, Russia’s biggest lender, are to go into insolvency while its Croatian and Slovenian units are being transferred to new owners by the EU authority responsible for restructuring failing banks. The move was announced by the EU’s Single Resolution Board on Tuesday evening and makes the Austrian offshoot of Sberbank the
Month: March 2022
Apple has suspended sales of its products in Russia, as the world’s most valuable company joins other multinationals boycotting the country following its invasion of Ukraine. The iPhone maker has also followed Silicon Valley companies including Google and Facebook owner Meta in blocking access to Russian state media outlets Russia Today and Sputnik. The RT
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response, in Rayburn Building on Wednesday, December 1, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images If you want to see how tough it is to be Federal Reserve Chair
A scholarship program jointly run by JPMorgan Wealth Management and the United Negro College Fund to bring more young people of color into the financial advisory business is open for applications with some changes designed to draw in more students. The program’s start last year attracted fewer applicants than expected because of the COVID pandemic,
A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Check out the companies making headlines after hours. Nordstrom — Shares of the
The State of Wyoming has approved California-based crypto broker SFOX for a trust charter, allowing the firm to provide custodial and other crypto-related services to institutional clients. In a Tuesday announcement, SFOX said the Wyoming trust charter will allow the firm to operate in the state as the SAFE Trust Company, offering services to institutional
The role of the built environment in addressing climate change is clear as buildings account for almost 40% of global carbon emissions according to the World Green Building Council. There has never been a greater commitment to reducing carbon emissions, with over 4,400 corporations and 220 investors signing up for the United Nation’s Race to
A home is offered for sale by owner on January 20, 2022 in Chicago, Illinois. Scott Olson | Getty Images Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that means home prices are likely to continue surging. The average rate on the popular 30-year fixed mortgage had
sponsored While cryptocurrency and blockchain technology is still relatively new, they have been rapidly growing, with companies taking advantage of this new, innovative, and disruptive technology that is reshaping many industries, namely the financial sector. The lending industry is currently a multi-billion dollar industry, with loans being provided by banks and other financial institutions to
You probably know some lively, spirited older people and plenty of others who seem listless and bored with life. What makes the difference? Mental health basics, together with attending to physical health surely contribute to how we age and to our vitality. Some folks who seek advice at AgingParents.com describe their elders as doing reasonably
Municipals improved on Tuesday as the U.S. Treasury flight-to-safety bid continued and equities sold off on the escalating turmoil in the Ukraine. Municipal yields fell three to six basis points across triple-A yield curves while five- and 10-year USTs saw yields fall 14 and 11 basis points, respectively. Municipal to UST ratios rose as a
Athletes from Russia and Belarus are barred from all top-level international skiing, skating and track and field events until further notice, as more sports federations took action Tuesday following International Olympic Committee board recommendations. The International Skating Union (ISU) said it followed the IOC Executive Board recommendations to bar athletes from those two countries “in
The world economy, which was already fragile due to roaring inflation and supply chain issues, will now be… by Graham Summers of Gains, Pains, & Capital Russia’s invasion of Ukraine has laid bare all the misguided, naïve policies our “leaders” have foisted upon us in the last 18 months. Among the more foolish policies enacted
There are many benefits to investing in companies that pay dividends, especially if you plan to invest in them for the long-term. In addition to providing consistent income, many dividend-paying stocks are in defensive sectors that can weather economic downturns with reduced volatility. Dividend-paying companies also have substantial amounts of cash, and therefore, are usually strong
In this article JPM JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images JPMorgan Chase is preparing to go all-in on private companies. For the past year, the bank has been
Russian forces pounded Ukraine’s cities and moved tens of thousands of troops to encircle Kyiv as Vladimir Putin turned to more brutal military tactics on the sixth day of his invasion. Volodymyr Zelensky, Ukraine’s president, accused Russia of war crimes after a missile hit the centre of Kharkiv in one of the most destructive attacks
The world’s two largest container shipping groups MSC and Maersk suspended cargo bookings to and from Russia on Tuesday as sanctions unleashed a renewed wave of disruption for strained global supply chains. The suspension, which excluded food and medicines, followed similar moves by rival groups Ocean Network Express and Hapag-Lloyd as the container companies sought
There’s a belief in the U.S. that’s infiltrated the personal finance industry — that if you work hard enough, then you’ll find financial success. The problem is, this “pull yourself up by your bootstraps” narrative is a longstanding fallacy. Sure, this rhetoric is powerful, because in some ways it’s empowering to believe that you can
In this article TGT WDAY AZO KSS FL KR Take a look at some of the biggest movers in the premarket: Target (TGT) — Shares of the big-box retailer rallied 11% in premarket trading after Target said it expects growth to continue even after its pandemic-era gains. Target posted adjusted fourth-quarter earnings of $3.19 per
Sharing is Caring! by Michael Snyder What we are watching happen in Ukraine should deeply sadden all of us, because it didn’t have to happen. It should have been so easy for global leaders to sit down and come up with a plan that would have satisfied everybody, but it is too late for that
Global trade and financing suffer from inefficiencies because of traditional infrastructures. However, according to Martha Reyes, the head of research at Bequant, crypto can fix this issue. In an interview with Cointelegraph, Reyes shared her thoughts on the state of global trade and financing and how crypto makes this more efficient. According to Reyes, despite
Investing in commercial real estate or vacation rental properties can be a consistent source of passive income and returns, not to mention growth and the potential liquidity you don’t get with owning your home. Yet the price of entry is often prohibitive to all but those who already have wealth. This was the puzzle Drew
In this article SRG Eddie Lampert, former CEO of Sears. Source: Sears Holdings Seritage Growth Properties, a real estate investment trust that was spun out of the embattled department store chain Sears in 2015, said Tuesday that it is exploring strategic alternatives for its business. The company also announced that former Sears CEO Eddie Lampert,
Having already raised millions of dollars in major cryptocurrencies like bitcoin, Ukraine is now receiving donations in polkadot as well. The country intends to expand the list of accepted coins as it increasingly relies on help from the crypto community to fund its defense against Russia. Ukraine Posts DOT Address, Receives First Polkadot Donations In
As a taxpayer, you have one goal come April: pay the least amount of taxes you can. One way to do that successfully is by hiring an accountant to do the filing for you. This accountant can be worth their weight in gold if they discover ways to earn you a refund that you wouldn’t
Transcription:Chip Barnett: (00:03)Hi, and welcome to another Bond Buyer podcast. I’m Chip Barnett. My guest today is North Carolina Treasurer Dale Folwell. He’s a CPA and he’s been Treasurer of the state since 2017. Before that he spent four terms in the state Legislature. We’re gonna be talking about a wide range of public finance
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Heading into the U.S. session manufacturing data has been pretty mixed in Europe. The U.K. number beat estimates and the flash
The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Your
As yet another international economic sanction against Russia, in response to its war on Ukraine, leading Western nations have pledged to bar several large Russian banks from using the SWIFT system. The upshot of this would be to cut Russia off from much of the international financial system. The goal, according to a joint statement
A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Images Maersk, one of the world’s largest shipping container firms, said on Monday that it may suspend all deliveries to and from Russia in light of sanctions against the Kremlin following its invasion of Ukraine. The