• Thu, December 5, 2024

by: The New Zealand Herald

Revolut applies for NZ banking licence as it seeks to challenge banks' savings and lending products

by: techUK

The Scottish Budget 2024

The Cabinet Secretary for Finance and Local Government, Shona Robison MSP, has presented her draft Budget to the Scottish Parliament, outlining the Scottish Government's proposed tax and spending plans for 2025-26.

by: 24/7 Wall St

Hidden Credit Card Perks They Don't Want You to Know

Despite high interest rates and fees, some credit cards contain points, cash back rewards, and other perks that can make them worthwhile.

by: Yahoo Finance

Wall Street hits pause on rally but London finishes higher as bitcoin reaches $100k

Bitcoin broke through the $100,000 mark for the first time amid a rally sparked by Donald Trump's US election victory.

by: Tribune242

'Way too aggressive' over Business Licence deadline

by: The 74

The Largest Private Child Care Provider in the U.S. Went Public. How Will This Shape the Future of American Child Care?

by: Business Today

ELI Scheme: EPFO Extends Deadline for UAN Activation and Linking Aadhaar with Bank Account; Here's is the last date now

In the Union Budget 2024, Finance Minister Nirmala Sitharaman revealed three categories of ELI schemes: A, B, and C. A recent notification from the Ministry of Labour and Employment outlined that eligible employees must activate their UAN and link their ...

by: Express & Star

MPs call for tougher approach towards foreign governments holding UK citizens

MPs have called on UK ministers to toughen their approach towards foreign governments which detain British nationals overseas amid efforts to free a British-Egyptian citizen held in Egypt. Foreign Office minister Hamish Falconer claimed positive links between London and Cairo could help Egypt improve its human rights record.

by: Crain's Chicago Business

CME to offer one-ounce gold futures as retail trade surges

There has been a larger trend among retail investors to seek smaller-sized gold products as a way to diversify their portfolios as spot gold hit repeated record highs this year.

by: Upstream

Shell and Equinor to combine UK assets

by: AOL

For Dell, 3 factors explain why transparency is key to its sustainability efforts

Our strategy, in a nutshell, is integrate sustainability everywhere," says chief sustainability officer Cassandra Garber.

by: Shropshire Star

Deal completed for 'well-established' Shrewsbury firm

The sale of Shrewsbury-based Wildes Plant Hire & AT Wilde & Son has been confirmed. Accountants Azets advised on the sale of the business to Zofre Investments Limited. The acquisition will see the company continue under the existing trading names, with Peter Venn at the helm but both David and Peter Wilde still involved in the business.

by: USA Today

Trump nominates finance CEO Frank Bisignano to lead Social Security Administration

WASHINGTON - President-elect Donald Trump said he's nominating financial services CEO Frank Bisignano to serve as commissioner of the Social Security Administration.

by: The Star

China-M'sia economic ties continue advancing

by: The Banker

The Banker's Bank of the Year Awards 2024

With challenging economic conditions and rising geopolitical risk, strong and safe banking markets are all the more important

by: deseret

Bitcoin just broke the $100k mark for the first time. Here's why it matters

Bitcoin broke the $100,000 line late Wednesday and was trading at around $101,400 at midday Thursday but had dropped back to just under $99,000 per token on Thursday afternoon, according to tracking by CoinGecko. At that time, the global cryptocurrency market capitalization came in just shy of $3.8 trillion.

by: Victoria News

$100K boost 'eliminates barriers' for Indigenous students at Royal Roads

Aspiring Indigenous students wanting to make waves in the world of finance, business and leadership have been given a $100,000 boost from CIBC to help access relevant programs at Royal Roads University. The CIBC Entrance Award will provide qualifying Indigenous students with support in the range of $2,000 to $10,000 towards tuition and fees.

by: Business Insider

Warren Buffett: how the frugal billionaire spends his fortune, from McDonald's breakfasts to the occasional splurge

Discover how Warren Buffett amassed his $146 billion net worth, which is up by $26 billion this year, and how he spends his fortune.

by: MSN

Trump's Cabinet And Key Jobs: David Sacks Selected As 'A.I. & Crypto Czar,' Bank Executive Frank Bisignano To Lead Social Security Administration

President-elect Donald Trump tapped entrepreneur David Sacks as his artificial intelligence and cryptocurrency czar, after picking banking and financial services executive Frank Bisignano to lead the Social Security Administration as part of a string of appointments announced this week.

by: Forbes

Changes In The Wealth Advisory Industry Heading Into 2025 And Beyond

Whether you're looking for a new wealth advisor or thinking about taking a more hands-on approach. Here are two ways the wealth advisory industry is evolving in 2025.

by: inforum

Which ND legislators will lead in the 2025 lawmaking season?

The list of lawmakers who will serve on committees during the 2025 Legislature was finalized Wednesday, Dec. 4, on the last day of the organization session. But how is that decided?

by: Computer Weekly

What to expect from OpenUK's State of Open Con 2025

by: Goodreturns

Year Ender 2024: Here's List of Top 10 Richest Persons In The America

Discover the top 10 richest people in America in 2023, showcasing their fortunes and contributions across technology, finance, and entrepreneurship.

by: The New York Times

Trump Transition Live Updates: Hegseth Promises to Stay in the Fight for Defense Secretary

Pete Hegseth, President-elect Donald J. Trump's embattled choice for secretary of defense, defiantly vowed on Thursday to earn the votes necessary for confirmation, seeking to allay Republican concerns over his fitness for the job and persuade Mr. Trump to stick with him.

by: Seattle Times

West Seattle light rail plans give business owners sticker shock

West Seattle merchants say they can't get reestablished for the meager payments Sound Transit plans to dole out.

by: Inland Valley Daily Bulletin

How Trump's tariffs could affect the U.S. trade deficit and employment

President-elect Donald Trump has announced that soon after his inauguration, he will place heavy tariffs on imports of the three most important trading partners to the U.S., Canada and Mexico at 25% each, and China 10%. The president can impose these policies without the consent from Congress using the International Emergency Economic Power Act.

by: KCUR 89.3 FM

Kansas City mayor accused of skirting city gift ban by using nonprofit to pay for travel

The nonprofit was used by Mayor Quinton Lucas' predecessor primarily to bring speakers to Kansas City to talk about economic development. Lucas and his former chief of staff use it for Chiefs tickets,

by: Parkersburg News and Sentinel

Proposed weekend special session raises questions

As workers were picking up the pieces of the Capitol Christmas Tree Thursday morning after it was toppled by high winds, lawmakers and legislative staff were trying to determine how to conduct a proposed last-minute special session as new lawmakers prepare to take their seats.

by: Reuters

Ulta Beauty raises annual profit forecast, shares rise

Cosmetics retailer Ulta Beauty raised its annual profit forecast on Thursday, signaling a bounce back in demand for perfumes and makeup during the holiday shopping season and sending its shares up more than 11.

by: MSN

Lululemon Stock Gains on Signs of Improvement in Q3

Shares were up 10.5 percent in after-hours trading as the active brand appeared to find more of its footing in the U.S.

by: AOL

Managers are getting less training, and it's hurting companies

WorkTango used Bureau of Labor Statistics data to analyze the dip in on-the-job management training over the past five years compared to jobs overall.

by: Reuters

McKinsey Africa to pay $122 million in South Africa bribery scheme, US Justice Dept says

by: Reuters

Citi M&A veteran Cary Kochman to retire, sources say

Cary Kochman, one of Citigroup's top dealmakers, is retiring after spending nearly 14 years at the helm of the Wall Street bank's mergers and acquisitions group, people familiar with the matter told Reuters on Thursday.

by: MSN

The Creative Link Between Bipolar Disorder and Entrepreneurship

The personality traits of entrepreneurs and those with bipolar frequently overlap. Here's how to embrace the strengths of both. Entrepreneurs are always "on," which is why they need to have lots of energy,

by: AOL

Bath & Body Works CEO: We've been onshoring to mitigate tariff risks, continue to see choiceful consumers

by: MSN

Best Altcoins with 100x Potential: Qubetics Hits 4.4M, Bitcoin Cash's Surge, and Solana's Remarkable Year

In the cryptocurrency world, finding the best altcoins with 100x potential feels like searching for gold in a mine. Righ

by: MSN

Trump claims credit for bitcoin's surge as pro-crypto administration takes shape with SEC pick

President-elect Donald Trump is wasting no time asserting his claims to bitcoin's price rise — and the wealth it is creating for owners of the digital asset.

by: MSN

NJ companies stockpiling imports to avoid Trump's promised China tariffs

Some North Jersey firms are already stockpiling raw materials such as steel and copper to avoid the spike in costs from Trump's promised new tariffs.

by: MSN

Trump's SEC pick and Bitcoin's $100K milestone are two big wins for the crypto community

Trump nominated Paul Atkins, who has been a member of the Token Alliance since 2017, to SEC chair. Bitcoin surpassed $100,000 for the first time.

by: MSN

California's Employment Safety Net Is Still Broken

Out-of-work Californians fight new fraud battles, the system bleeds money, and a $1 billion technology overhaul marches on.

by: MSN

39-year-old makes about $18,000 a month in passive income without a college degree: 'The right time to start is always now'

After dropping out of college in 2007, Amy Landino started a side hustle creating videos and doing social media. Ultimately she was able to quit her day job.

by: MSN

Economies cool off in Baltimore and Baltimore County, new GDP numbers show

by: MSN

PMO Partners Founder's 30-Year Legacy of Leadership and Innovation in Project Management

While in the business world, passion often drives people to constantly evolve. For some, that journey leads to a combination of corporate success along with an entrepreneurial spirit. Michelle Watkins,
  • Fri, December 6, 2024

by: BBC

New photos released as NYPD hunt insurance boss killer

The NYPD says the fatal shooting of UnitedHealthcare CEO Brian Thompson in Manhattan was "a premediated, targeted attack".

by: Daily Monitor

Standard Chartered Bank is not exiting the Ugandan market

As a bank that has been in existence for over 170 years in the world's most dynamic markets and 112 years in Uganda, Standard Chartered has remained open for business, driving financial inclusion and growth in Uganda and beyond by leading in the digitisation and innovation space.

by: The New York Times

Trump Names Top Silicon Valley Conservative to Oversee Crypto and A.I.

David Sacks, a venture capitalist who hosts a hit podcast, has generally called for a looser hand in regulating both emerging technologies.

by: Business Line

Fusion Finance plans ?800 crore rights issue to boost capital

by: MSN

Midcap and largecap IT stocks poised for 20% growth in next one year: Chakri Lokapriya

If you look at within financial services, let us take for instance, the power financiers, REC Power Finance. Now, these are relatively more secular in terms of their loan growth rates because infrastructure power where they lend to will be rather secure.

Revolut applies for NZ banking licence as it seeks to challenge banks' savings and lending products

One-stop-shop money app Revolut wants to offer banking services on its own, without partnering with a bank. Financial technology firm Revolut is eyeing a New Zealand expansion, applying to the Reserve Bank to become a registered bank. The one-stop-shop ...
Revolut, a UK-based fintech company, has applied for a banking licence in New Zealand as part of its strategy to expand its financial services offerings, including savings and lending products, to challenge traditional banks. The company, which already provides services like money transfers, currency exchange, and cryptocurrency trading, aims to introduce deposit-taking and lending capabilities. This move comes as Revolut seeks to capitalize on the growing demand for digital banking solutions and to offer competitive financial products. The application process involves rigorous checks by the Reserve Bank of New Zealand to ensure Revolut meets the necessary regulatory standards for operating as a bank. If successful, this would mark Revolut's entry into the New Zealand banking market, potentially disrupting the established banking landscape with its innovative approach.

Read the Full The New Zealand Herald Article at:
https://www.nzherald.co.nz/business/companies/banking-finance/revolut-applies-for-nz-banking-licence-as-it-seeks-to-challenge-banks-savings-and-lending-products/DIOLLODHGZDPFCEBS2ULRK42II/

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