Finance Industry

Finance ministry terms govt’s borrowing data misleading

Minist­ry of Financ­e says net increa­se in extern­al debt in 1HFY20 is $1.7 billio­n instea­d of $5.5 billio­n File photos of Hammad Azhar (L) and Dr Abdul Hafeez Sheikh (R). ISLAMABAD: The Ministry of Finance has declared a report of the economic affairs ministry about $5.5 billion worth of borrowing by Pakistan over the past six months “against the national interest”, saying it has sent erroneous signals to the market. “Contentions of the report are not only misleading, but also against…

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FBNBank gets financial services closer to customers

Business News of Friday, 24 January 2020 Source: goldstreetbusiness.com 2020-01-24 Victor Yaw Asante, MD of FBNBank Ghana In an effort to bring financial services closer to customers, the FBNBank Ghana has commissioned its new Kaneshie branch in a bigger, ultra-modern space. This is deemed to enable the bank provide better financial services to customers. At the commissioning, Mrs. Hannah Brenda Amoateng, Board Member of FBNBank Ghana Limited said, “we always put our stakeholders, employees, customers and communities at the heart…

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Abcam welcomes its newly-appointed chief financial officer to the team

A life science research tools company has announced the appointment of a new chief financial officer. Michael Baldock will be Abcam CFO from February, taking over from Gavin Wood. Mr Baldock has over 30 years of relevant functional and sector experience acquired through senior leadership roles at HSBC, Lazard, Bentley Health Care and SG Warburg. He is a founding partner at Ondra Partners, an independent financial advisory firm which has advised Abcam for several years. The Abcam board believes that…

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CountingWorks PRO Announces the 2019 TaxBuzz Top 100 Tax Professionals & CountingWorks Top 100 Cloud Accounting Experts – Finance Industry Today

CountingWorks PRO Announces the 2019 TaxBuzz Top 100 Tax Professionals & CountingWorks Top 100 Cloud Accounting Experts – Finance Industry Today – EIN News Trusted News Since 1995 A service for finance industry professionals · Tuesday, January 21, 2020 · 507,713,897 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Rising inequality risks leading to new financial disaster, warns IMF chief

The head of the International Monetary Fund (IMF) urged governments not to roll back regulations aimed at reining in risky behaviour by banks as she published research showing a link between rising inequality and financial crises. Kristalina Georgieva said that financial systems that went through a process of rapid expansion and increased complexity tended to benefit the wealthy, exacerbating inequality. She said income and wealth inequality had reached or were near record highs in many members of the OECD rich…

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OPINION: Financial markets remain bullish in new year

Economy / 20 January 2020, 09:30am / Chris Harmse JOHANNESBURG – Global and local financial markets have taken off from where they ended 2019 and remain strong. More optimism around subsiding world risks prevailed after US President Donald Trump’s speech explaining the US confrontation with Iran and the seemingly subdued retaliation by Iran after the blunder around the shooting down of the Ukraine plane by the Iranian forces. This was followed by the signing of the first-round trade pact between the US and China…

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Financial Crime and Fraud Management Solutions Market 2020-2027 Overview, Demand Status of Key Players, New Business Plans, Upcoming Strategies and Forecast

Jan 18, 2020 (The Expresswire) — Financial crime and fraud management solutions market is expected to grow at a CAGR of 4.2% in the forecast period of 2020 to 2027. Financial crime and fraud management solutions market is expected to grow at a CAGR of 4.2% in the forecast period of 2020 to 2027.The report gives CAGR value fluctuation during the forecast period of 2020-2027 for the market. Important industry trends, market size, market share estimates are analysed and mentioned…

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3 Financial Planning Trends to Look for in 2020

(StatePoint) The latest financial planning trends anticipated by industry experts will have important implications for consumers. From new tech to new rules and regulations, here are three of the biggest trends to watch out for in the months to come, and what they mean for you: 1. More consumer protections. The recommendations and information you receive from your financial advisor may change if he or she is required to comply with new regulations and professional standards taking effect in 2020. The…

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Financial firm to add 200 Tennessee jobs at headquarters

Published 1:45 am PST, Wednesday, January 15, 2020 NASHVILLE, Tenn. (AP) — A financial firm plans to create 200 more jobs than first announced in relocating its global headquarters from New York to Nashville, state economic development officials said Tuesday. AllianceBernstein plans to invest another $11.4 million in Nashville and fill 200 various additional tech, operations and compliance jobs. That brings the company’s total planned investment in Nashville to more than $80 million, according to the state Department of Economic and…

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Axos Financial Lacks A Moat And Is Fully Valued Following A 30% Share Price Decline – Axos Financial, Inc. (NYSE:AX)

Editor’s note: Seeking Alpha is proud to welcome Maurice Spolan as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA PREMIUM. Click here to find out more » Axos Financial (AX) does not have a competitive advantage in the online banking industry. As a consequence, balance sheet growth is likely to decelerate meaningfully over the next decade while profit margins are at…

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