The Event Chronicle
16 minutes
“The hedge fund guys didnt build this country,” Trump said at the time on CBSFace the Nation . “These are guys that shift paper around and they get lucky,” he said. “They are energetic. They are very smart. But a lot of them – they are paper-pushers. They make a fortune. They pay no tax. It’s ridiculous.” To many Republican businessmen, this may not seem like a strange move given Mnuchin’s extensive background in finance; however, he has faced a lot of public scrutiny lately. Mnuchin became well-known for purchasing his bank, OneWest , because of the public criticism he faced. OneWest was considered a “foreclosure machine” under Mnuchin’s leadership, as the bank foreclosed on 36,000 families and trapped numerous elderly residents in reverse mortgages. The bank was also scrutinized for racially discriminatory lending practices. How Does This Reflect Trump’s Agenda? Weve seen Trump call out mainstream news and even the White House, so there is still a potential that “he cannot be boughten,” as he’d say.
Proactive Investors USA
2 hours
So, with a good asset combined with a strong team the key ingredients for a successful mining story are in place. The trick now will be to race on ahead and get Relief Canyon built. The plan is to get the results of the PFS releases in early 2017 and then to press the button on construction soon after. Because this is a project that’s already permitted, and which has a plant already in place, the build time is expected to be a relatively short nine months. All of which means Relief Canyon could be up and running and in production by the end of this year. There remains the question of the approximately US$12.2 mln in capital, or the approximately US$22 mln the company will need if it chooses to mine the project itself. As at the last set of accounts there was approximately US$10 mln in the bank. A subsequent gross US$7.5 mln raise has boosted the coffers, and a line of credit with Sprott Resource Lending that undertakes to match the equity raise with an equivalent debt facility is currently being negotiated.
Proactive Investors USA
4 hours
So, with a good asset combined with a strong team the key ingredients for a successful mining story are in place. The trick now will be to race on ahead and get Relief Canyon built. The plan is to get the results of the PFS releases in early 2017 and then to press the button on construction soon after. Because this is a project that’s already permitted, and which has a plant already in place, the build time is expected to be a relatively short nine months. All of which means Relief Canyon could be up and running and in production by the end of this year. There remains the question of the approximately US$12.2 mln in capital, or the approximately US$22 mln the company will need if it chooses to mine the project itself. As at the last set of accounts there was approximately US$10 mln in the bank. A subsequent gross US$7.5 mln raise has boosted the coffers, and a line of credit with Sprott Resource Lending that undertakes to match the equity raise with an equivalent debt facility is currently being negotiated.
South China Morning Post
5 hours
Hang Seng Bank said it has reduced risky lending in mainland China after it reported a 41 per cent slump in profits last year due to rising bad loans and lower fee income, factors weighing on a balance sheet that was boosted the previous year by a one-time gain. The lender, a unit of HSBC, said on Tuesday net profit last year was HK$16.21 billion (US$2.09 billion), down from earnings of HK$27.49 billion the previous year, which had been boosted by a one-off gain of HK$10.64 billion from the...
The Economic Times
11 hours
The Iran Project
18 hours
The trend is reportedly improving with the removal of sanctions and as of January 19, the number of international banks that have correspondent relations with Iran has risen to 238. The CBI official also said interbank lending rates have been balanced as a result of the policies implemented by the central bank, noting that last year, the rates were higher than 29% while they have now been brought down to 18.8%. What is more, the average rates were consistently below 19%. While the rates ranged from 17 -24% in the first three weeks to February 9, the average for the month ending Feb. 18 was 18.9%, he said. On the central bank's lending policies to support production, Qorbani referred to backing small- and medium-sized enterprises and revitalizing the housing sector as two important policies on the bank's agenda. To create a balance in various sector, 3.
The Economic Times
21 hours
I4U News
a day
Vin Diesel is no stranger to lending his voice. He has voiced some various characters including Groot from Guardians of the Galaxy. The actor is mostly known for his action and driving skills. He has...
Hackaday
a day
If the lighter is bought in close enough, the IR receiver might just accept the base-band signal. Has this actually resurrected some hope for the hack?! Let's Test This Im not going to lie. I was hoping this investigation demand some thorough on the bench tests, rather than just lending itself solely to some book-work! The insight offered by the graphs has certainly given me an excuse to fire up the oscilloscope! I have decided to proceed in a civilised manner, one that does not involve hacking some A4 and creating a potential fire hazard. Instead im going to make it easier for his hack to succeed, by idealising all conditions. What we need a series of tests to demonstrate whether an IR receiver would faithfully reproduce its input, regardless of it being presented in its low frequency base-band form or its high frequency carrier embedded form.
Forbes
a day
Roughly 70M Americans spend $138B in fees and interest on alternative lending products and still see no way out of their predicament. Finova Financial found a way out and a way up.
Sky News - Business
a day
House asking prices are rising at the slowest rate for nearly four years amid rising inflation, fears about Brexit and a tighter lending rules, new figures suggest.
Sky News - Business
a day
House asking prices are rising at the slowest rate for nearly four years amid rising inflation, fears about Brexit and a tighter lending rules, new figures suggest.
The Iran Project
2 days
In other words, the country does not belong to its citizens but to an ethnic group that enforces legal discrimination against non-members of the group. This is a political system founded on the notion of ethnic supremacy, as was the state of apartheid South Africa. It is virtually impossible to imagine the Times lending the invaluable real estate of its Opinion section to rationalizations for the denial of civil rights to any other minority. That such overt discrimination can be promoted openly in 2017 is a testament to the rampant racism in popular culture as well as in elite media against Arabs and Muslims, and the persistence of the Orientalist mentality Edward Said analyzed so thoroughly 40 years ago. It seems true indeed that anti-Arab racism is the only type of racism still publicly condoned in American society. To Fleisher's credit, he points out rightly that many (actually all) Palestinians reject the idea that their nation should be organized on the principle of ethnic supremacy.
Voice Of America
2 days
South China Morning Post
2 days
Nine out of 10 of the mainlands peer-to-peer (P2P) lending platforms will struggle to survive this year as the government rolls out tightened regulatory supervisions, according to a multi-agency report on Friday led by the Beijing Bureau of Financial Work. The wild growth of online lending in recent years exposed a multitude of problems, the report said. P2P operators and regulators will face stern challenges to ensure a healthy growth of the P2P sector. About...
South China Morning Post
2 days
Nine out of 10 of the mainlands peer-to-peer (P2P) lending platforms will struggle to survive this year as the government rolls out tightened regulatory supervisions, according to a multi-agency report on Friday led by the Beijing Bureau of Financial Work. The wild growth of online lending in recent years exposed a multitude of problems, the report said. P2P operators and regulators will face stern challenges to ensure a healthy growth of the P2P sector. About...
Voice Of America
2 days
ABC News - Entertainment
3 days
Collective Evolution
3 days
The hedge fund guys didn't build this country, Trump said at the time on CBS' Face the Nation . These are guys that shift paper around and they get lucky, he said. They are energetic. They are very smart. But a lot of them they are paper-pushers. They make a fortune. They pay no tax. It's ridiculous. To many Republican businessmen, this may not seem like a strange move given Mnuchin's extensive background in finance; however, he has faced a lot of public scrutiny lately. Mnuchin became well-known for purchasing his bank, OneWest , because of the public criticism he faced. OneWest was considered a foreclosure machine under Mnuchin’s leadership, as the bank foreclosed on 36,000 families and trapped numerous elderly residents in reverse mortgages. The bank was also scrutinized for racially discriminatory lending practices.
Voice Of America
3 days
Deadline
4 days
An Emmy-nominated and Golden Globe-winning actor, with two feature directing credits to his name, Jason Bateman checked off another item on his career wish list this year, lending his voice to the critical and box office smash Zootopia the first Disney animated film he has ever worked on. The actor brings his dry wit and spot-on delivery to the role of Nick Wilde, a con-artist fox dragged into a buddy cop mystery, experiencing the burden of prejudice and stereotyping in...
The Economic Times
4 days
"This is because our banking system only borrows 3 per cent from the market, while 97 per cent of their funds come from deposits," Puri said.
The Economic Times
4 days
IDBI Bank's board, which is the highest authority in an organisation, had approved the loans to Kingfisher Airlines, yet it's five officials, including CMD Yogesh Agarwal, were arrested by Central Bureau of Investigation on allegations of improper lending. (As per IDBI's internal norms, the bank can give loans to a company that rated below investment grade if board approves it). Bankers should know that if CBI does not respect the independence of the board, any amount of endorsement from an overseeing committee will not save bankers from the claws of an investigative authority.Also, any new layer will increase the turnaround time for borrowers. As it is debt recast is time consuming since it goes through several rounds of back and forth between banks and lenders. Also, getting all lenders on board and getting approval from respective board is a challenge.
The Economic Times
4 days
"State Bank of India and Bank of Baroda will have both branch operations and subsidiary operations. The importance of this move is a wider balance sheet size," he said. The Bank of England's Prudential Regulation Authority had directed British operations of foreign-owned banks taking deposits of more than 100 million pounds to restructure with their own ring-fenced capital. Subsidiaries are subject to more complex clearances, while branches are part of a home office legal entity and don't require their own capital base in the UK. Chadha confirmed that SBI and Bank of Baroda are set to make the transition from a branch to subsidiary in the next three to six months, following which they will have a dual presence in the UK. "As the economy has changed, we have changed along with it, with new products on offer. Indian banks offer by far deposit rates, the best remittance rates to India and best interest rates for lending opportunities.