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Expiring leases, scarce financing make Twin Cities office owners uneasy
Time — and money — is running out for the owners of many Twin Cities office buildings as they scramble to fill cubicles, pay their bills and decide what’s next for their properties. From sleek downtown towers to sprawling suburban complexes, building values are falling, borrowing costs are increasing and willing lenders are dwindling. Selling…
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President Xi Jinping, Hong Kong’s Paul Chan find time to chat at Apec summit
President Xi Jinping found time to talk to Hong Kong’s financial secretary at the high-powered
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Morgan Stanley’s other laid off leveraged finance bankers are thriving
As we reported earlier this week, Taif Adams, a former Morgan Stanley executive director in leveraged finance is suing the bank for allegedly unfairly dismissing her after she blew the whistle on compliance issues. Adams, who received a $350k bonus earlier this year, asked for her old job back while the case is settled. That’s been…
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Leeward closes finance for two US wind projects
Leeward Renewable Energy (LRE) has closed approximately US$580m of tax equity commitments and debt facilities for its White Wing Ranch Solar and GSG Wind projects.The projects are located in Yuma County, Arizona and LaSalle County, Illinois, respectively.The tax equity commitment was made by Wells Fargo Bank, and the debt facility was provided by Mizuho Bank,…
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16th Finance Commission likely to be tasked with reviewing GST revenue
The soon to be set up Sixteenth Finance Commission is likely to be tasked with reviewing the revenue collections of states under the Goods and Services Tax (GST) and the need for a review of the GST compensation cess.The Finance Commission, a Constitutionally mandated body under Article 280 of the Constitution that decides on the…
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African Finance Summit: Challenges and opportunities for a booming sector
**The African financial world has grown considerably in recent years but not without facing some major challenges. In Lomé, Togo, the Africa Financial Industry Summit (AFIS), organised by the pan-African magazine Jeune Afrique, has become a key event for African finance, bringing together more than 800 leaders.** Despite mounting obstacles, the continent’s financial institutions are beginning to…
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Looking at Being a Stay-at-Home Parent? Four Financial Factors
One of the most common questions that every new parent faces is, “Should one of us stay home and care for our child(ren)?” It may not be with the first child, but as your children multiply, life becomes more expensive.According to Motherly’s 2023 State of Motherhood report, 25% of survey respondents referred to themselves as…
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Booz Allen Veteran Kathleen Halberstadt Henry Joins ManTech as Finance & Business Operations VP
Kathleen Halberstadt Henry, former vice president of corporate finance, accounting and treasury at Mitre, announced via LinkedIn on Thursday that she was appointed VP of finance and business operations at ManTech. She brings over 20 years of experience in financial management and leadership, 19 years of which were spent at Booz Allen Hamilton (NYSE: BAH).…
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Hall-Long’s campaign audit reveals a stark reality: Delaware deserves greater transparency
We join Delaware Common Cause and the Delaware Coalition for Open Government in calling on Lt. Gov. Bethany Hall-Long to release an audit of her campaign finances — even though she is not required to do so by Delaware Law.Hall-Long, who seeks the governor’s seat in 2024, has called the audit an act of transparency,…
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Embedded finance explained: Everything you need to know
Embedded finance is changing financial services by integrating lending, insurance and investment options into nonfinancial organizations. It eliminates the need for traditional financial intermediaries and provides convenience to consumers. As consumer behavior and technology evolve, businesses are increasingly adopting embedded finance — ways to save payment options making it easier for customers to access financial…