Why Weinstein Scandal Matters For The Finance Industry

The trading floor at Bear Stearns in New York City in the 1980’s. My first day out of school, assigned to trade fixed income government bonds. That morning, when I commented to the managing partner running the desk that I liked his tie, he replied the great thing about the tie was that to which it pointed, and winked — ... Read More »

DB Realty falls 7% after LIC Housing Finance files insolvency plea against co in NCLT

DB Realty fell over 7 percent intraday on Thursday as investors turned wary of the stock on the back of insolvency proceedings reports. LIC Housing Finance is believed to have filed insolvency plea against the company in the National Company Law Tribunal (NCLT), CNBC-TV18 reported, quoting news agency Cogencis. According to a report in DNA, the company is said to have defaulted ... Read More »

Micro-finance companies toughing it out. Will they find their mojo back?

The transition from operating as predominantly micro-finance lenders to being designated small finance banks was only the beginning of the challenge for some of the entities that were granted the small finance bank licence. While the usual transition pangs were known, what came as a rude surprise was the fast deteriorating operating environment. While demonetisation was the first blow for ... Read More »

Respected Houston ISD finance chief Melinda Garrett dies at 65

Surrounded by supporters Melinda Garrett, (center) is applauded as she was announced as the HISD interim CFO at the Hattie Mae White Educational Support Center during an HISD board meeting Thursday, Aug. 20, 2009, in Houston. ( Johnny Hanson / Chronicle ) As chief financial officer of Houston ISD for 11 years, Melinda Garrett helped pilot the state’s largest school ... Read More »

NBFC Shiksha Finance raises funds from Dell Foundation

Incorporated in 2014 by V.L. Ramakrishnan and Jacob Abraham, Shiksha Finance provides school and student loans. Photo: Reuters Mumbai: Shiksha Finance, a non-banking financial company (NBFC) focusing on school and student loans, has raised $2.5 million (Rs16 crore) through a mix of debt and equity from Michael & Susan Dell Foundation (MSDF), a senior executive of the company said. Incorporated in ... Read More »

PayPal Doesn’t Have to be Hard, Read This Overview

When it comes to turning your website into a money-making business, PayPal is a popular choice for handling transactions. The service is known for being secure, convenient and fast — payments can show up in your account within minutes of a sale. But there are costs associated with using PayPal to process payments, so you’ll have to weigh the options to ensure you’re getting the ... Read More »

Chinese search engine Baidu hires Weibo CFO as finance chief amid AI push

Chinese search engine giant Baidu Inc said on Monday it had hired the finance chief of Weibo Corp as its chief financial officer, marking a leadership change for the firm as it hones its focus onto artificial intelligence. The appointment of Herman Yu, Weibo’s CFO since 2015, sees Baidu stalwart Jennifer Li step down as CFO after almost a decade in the role to become a senior adviser to Baidu’s top management, the company ... Read More »

How Young Investors Should Set Their Goals and Priorities?

Generally, the most important things get priority in your life and same should be the case when it comes to financial planning. Planning your life to determine your goals and prioritizing them is important to ensure that you achieve financial freedom and stability. Setting financial goals Financial goals may be short, medium, or long-term based on your personal requirements. Generally, ... Read More »

US ousts Pakistan’s Habib Bank amid money laundering concerns

Habib has operated in the United States since 1978, and in 2006 was ordered to tighten its oversight of potentially illegal transactions but failed to comply. (Reuters) US banking regulators ordered Pakistan’s Habib Bank to shutter its New York office after nearly 40 years, for repeatedly failing to heed concerns over possible terrorist financing and money laundering, officials said today. ... Read More »

Is India’s Home Finance Juggernaut Slowing?

Housing finance has been among the most predictable of loan segments in India. Demand, often from first-time buyers, has grown consistently thanks to the Indian obsession with owning a home. Often, loans are taken for homes that are being used by the borrowers themselves, which means that defaults are among the lowest in this category. This combination has attracted many. ... Read More »