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BMO Financial Group Announces Executive Appointments
Aron Levine appointed Group Head and President, BMO, U.S.Nadim Hirji appointed Vice-Chair, BMO Commercial BankingErnie (Erminia) Johannson to retire in 2026, appointed Senior AdvisorSharon Haward-Laird appointed Group Head, Canadian Commercial Banking and North American Shared Services; Co-Head, Canadian Personal & Commercial BankingMat Mehrotra appointed Group Head, Canadian Personal & Business Banking; Co-Head, Canadian Personal &…
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Oracle Financial Services Named Category Leader Across Credit Lending Operations in Chartis Update
Oracle Financial Services has been named a Category Leader in the Chartis – Credit Lending Operations, 2025: Quadrant® Update report. Evaluating the vendor landscape across the commercial, SME, syndicated, and alternative lending markets, the report recognized Oracle as a leader across its Loan Origination Systems, Loan Management Systems, Limits Management Systems, and Collateral Management Systems.…
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Paragon cushions £6.5m motor finance provision with broker-led lending
Picture Credit: Shutterstock Paragon Banking Group has set aside £6.5 million to cover potential liabilities in its motor finance division, as legal uncertainty mounts over historic commission arrangements between lenders and car dealers. The provision, revealed in Paragon’s half-year results for the six months to 31 March 2025, comes as the UK Supreme Court…
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Expert debunks common social media myths about saving, debt and buy now pay later
<!–> Personal finance expert and ‘The Ramsey Show’ co-host Rachel Cruze discusses the reasons why Americans are retiring sooner than planned and how to save for a comfy retirement. Managing one’s finances can be challenging, especially when faced with conflicting – and often wrong – information fed to people, especially on social media. Buying…
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Want to Improve Employee Financial Health? Pay Them More Often
Spain and Portugal top the list of desired destinations for digital nomads and aspiring expats for more than a few good reasons. They have delicious food, temperate climates, fascinating art and architecture, and relatively low costs of living compared to much of the continent. Their worker-friendly employment policies include over a month of paid time…
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WeWire Secures Mauritius Treasury License to Power Trade Finance Innovation
WeWire, a leading fintech transforming cross-border payments, has secured a Mauritius Global Treasury Activities License from the Financial Services Commission (FSC), signalling the company’s strategic focus on strengthening its transaction capacity globally. This milestone reinforces WeWire’s vision to serve as a banking and trade bridge for businesses trading between Africa and the world and vice…
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TFS Financial Introduces White-Labeled Technology Infrastructure Financing Module for Channel Partners
TFS Financial, a provider of finance solutions for manufacturers, dealers, resellers and marketplaces, released its Technology Infrastructure Financing Module, a captive finance solution that enables resellers to finance infrastructure, such as chips, servers, cooling units, networks and other assets. According to recent data published by Grandview Research, the market for enterprise technology is expected…
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Bonds are ‘boring’ — but they’re critical to understand right now
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Compared to the high-flying mega-cap tickers, the roller-coaster ride of crypto, or the rags-to-riches drama of meme stocks, the US bond market can seem like a sleepy affair. Advertisement: High Yield Savings…
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Central banks on track for 4th year of massive gold purchases, Metals Focus says
By Polina Devitt LONDON (Reuters) – Central banks worldwide are on track to buy 1,000 metric tons of gold in 2025, which would be their fourth year of massive purchases as they diversify reserves from dollar-denominated assets into bullion, consultancy Metals Focus said. Gold prices are up 29% so far this year after hitting…
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401(k) savers stayed on course through market volatility, Fidelity found
Retirement savers weathered a chaotic stretch of market gyrations in the first three months of the year, consistently adding to their savings, according to Fidelity Investments’ quarterly analysis. While they experienced a drop in average 401(k), 403(b), and IRA balances, mostly due to market swings, savings rates remained consistent, with the average 401(k) savings…
