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Private banking: sports finance goes prime time
Not so long ago, sports finance was an unprofitable and niche business for private bankers. If a man – and they were always men – with bags of money wanted to buy his local football or baseball team, he might turn to a trusted financial institution in search of funding.Or he might simply buy it…
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The DOJ wants to break up Google. It needs to convince a judge first.
The Justice Department wants Google’s empire to be broken up, but it has to convince a judge that should happen first. The process started Wednesday when US prosecutors submitted a document in federal court outlining specific remedies after successfully arguing in a landmark trial that Google ran its search engine empire as an illegal…
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FCA plans to allow lenders longer to respond to complaints over car loan mis-selling
The City regulator plans to intervene in the car loan mis-selling scandal, in a move that could give lenders up to a year to respond to the rising number of customer complaints after a shock court ruling.The Financial Conduct Authority has been under pressure to take action after a court of appeal ruling in October…
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Trump could finally end one of the oldest financial fights on Wall Street
Investors are ramping up bets that Trump 2.0 will loosen the federal government’s grip over mortgage giants Freddie Mac (FMCC) and Fannie Mae (FNMA), ending one of the oldest fights on Wall Street. The stocks of Freddie Mac and Fannie Mae — semi-acronyms for Federal Home Loan Mortgage and the Federal National Mortgage Association…
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Cop29 climate finance deal hits fresh setback as deadline looms
Hopes of a breakthrough at the deadlocked UN climate talks have been dashed on Thursday morning after a new draft of a possible deal was condemned by rich and poor countries.Faith in the ability of the Azerbaijan presidency to produce a deal ebbed, as the draft texts were criticised as inadequate and providing no “landing…
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Banco Santander (SAN): The Financial Powerhouse Thriving Under $25
We recently published a list of 12 Best Stocks Under $25 To Invest In Right Now. In this article, we are going to take a look at where Banco Santander, S.A. (NYSE:SAN)) stands against other best stocks under $25 to invest in right now. As reported by NPR, the Dow Jones Industrial Average soared…
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COP29 Bulletin Day 10: Presidency finally releases draft finance text
This article will be updated throughout the day and an edited version will be sent out each evening as a newsletter – you can sign up here.Text offers two far-apart visions for finance goal without numbers Early on Thursday morning, the COP29 Presidency released a draft document intended to serve as the basis for a deal…
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BOJ Ueda says will ‘seriously’ take into account FX impact on economy, prices
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will “seriously” take into account foreign exchange-rate moves in compiling its economic and price forecasts. On monetary policy, Ueda reiterated that the BOJ will reach a decision “meeting by meeting” on the basis of information that…
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Japan urgently needs to plug its CFO deficit
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Unlocking Opportunities in the Age of Digital Finance
Emerging technologies like big data, AI and blockchain are reshaping finance. New products, such as platform finance, peer-to-peer lending and robo-advisory services, are examples of this transformation. These developments raise important questions: How concerned should traditional financial institutions be? What strategies can fintech and “techfin” (technology companies that move into financial services) disruptors adopt to…
