• Fri, January 17, 2025

by: Moneyweb

South African lawmakers to quiz banks over lending practices

The meeting is to ensure that the banking sector in South Africa is open, transparent and of service to poor people to facilitate inclusion in the productive sectors of the economy,' Mzwandile Masina.

by: UCL

UCL enhances business education offer in heart of London

The UCL School of Management, based at Canary Wharf, is doubling in size as part of ambitious plans to enhance its student and academic offer and further cement its position as one of the country's leading business schools.

by: Oneindia

FACT SHEET: United States and Karnataka

The United States and Karnataka share a dynamic and growing relationship, grounded in a commitment to innovation, excellence in research and development, and a range of mutual strategic interests. From nurturing business collaborations to supporting educational exchanges,

by: MoneyWeek

Should mortgage lending rules be relaxed to boost the UK economy?

Chancellor Rachel Reeves has been seeking ideas from financial regulators on how to boost the economy amid concerns about the UK's prospects due to higher taxes announced in the Autumn Budget. It comes as UK GDP came in at just 0.1% for November.

by: Forbes

The Evolution Of Business Travel And Fintech: Predictions For 2025

It's clear to me that in 2025, investments in cutting-edge technologies will drive profound change. Companies are increasingly focused on enhancing personalization, efficiency and security, which set the stage for a future where technology revolutionizes both business travel and fintech.

by: bnnbloomberg

The Daily Chase: Carney and Freeland make it official

It's been another eventful 24 hours in Canadian politics as former Bank of Canada head Mark Carney and former finance minister Chrystia Freeland have both officially tossed their hat into the ring to be the next leader of the Liberal Party and Canada's Prime Minister.

by: Kiplinger

SLB Stock Jumps on Earnings, Dividend Hike and Buyback News

SLB stock is soaring Friday after the energy firm reported strong fourth-quarter earnings and unveiled several shareholder-friendly initiatives.

by: Reuters

Wall Street banks sense opportunity for looser capital rules as Trump ushers in new era

Emboldened by a friendlier incoming Trump administration and their success last year in weakening draft capital hikes, big U.S. banks plan to push to overhaul other U.S. capital rules, according to industry executives.

by: Oregonian

Meet the 11 House members, 8 senators newly sworn in to the Oregon Legislature

The Oregon House will get its first Japanese American representative after Multnomah and Washington county commissioners voted to appoint Bethany Democrat Mari Watanabe to a vacant seat in the state House.

by: AOL

Retail CEOs wrestle with potential rising costs as new Trump tariffs loom

Dollar Tree CEO Michael Creedon said at its third quarter earnings call that the team can mitigate risk based on its experience in 2018 and 2019. Overall, direct imports make up 41% to 43% of Dollar Tree's total retail value purchases, and China supplies the majority of those imports, per a company filing.

by: CNET

Wildfire Scams: Who They're Targeting and How to Spot Them

Officials in California are warning the public about scams targeting wildfire relief donors with bogus charities.

by: worldconstructionnetwork

Robertson and Balfour Beatty appointed for North Schools Programme in Scotland

Robertson and Balfour Beatty have been named as the preferred contractors for the construction of five new educational facilities as part of the North Schools Programme in Scotland.

by: Observer

Wall Street CEOs Are Eagerly Awaiting Trump's Pro-Business Policies

Expectations for a pro-business climate under the incoming Trump administration has lifted the spirits of major bank executives.

by: Reuters

US mid-sized banks ride industry upswing on robust fee income

A raft of U.S. banks reported higher fourth-quarter profits on Friday, extending a winning streak for the industry as an upswing in capital markets alleviated a hit from weaker loan demand.

by: Forbes

Game-Changing SBA Updates Every Business Owner Should Know

These are substantial, strategic changes specifically designed to make it easier than ever for business owners to get their hands on working capital.

by: AOL

LeBron James' business partner is raising $5 billion for a basketball league to rival the NBA

Lebron James' longtime business partner Maverick Carter—known as the negotiator behind James' blockbuster lifetime deal with Nike—is working with a group of investors to raise $5 billion to create an international basketball league meant to compete with the NBA.

by: Reuters

Truist beats quarterly profit estimates on investment banking gains

Truist Financial on Friday exceeded Wall Street estimates for fourth-quarter profit, helped by stronger investment banking and trading activity as capital markets strengthened.

by: Reuters

Private equity 'secondary' sales hit record as Ardian closes $30 bln fund

The secondary market for private equity funds saw record transaction volumes last year as buyout bosses and their investors looked for ways to generate cash amid a downturn in dealmaking.

by: Reuters

India's ICICI Lombard beats Q3 profit estimates on health, motor insurance boost

India's ICICI Lombard General Insurance beat third-quarter profit estimates on Friday, helped by higher premiums earned in its health and motor insurance segments.

by: MSN

Shuffle Board: Authentic Appoints Former Gaming Exec as President

Matt Maddox, former CEO of Las Angeles Strip casino operator Wynn Resorts, succeeds Nick Woodhouse as president of Authentic Brands Group.

by: MSN

Mayor Brandon Johnson's finance reports show trouble raising money, accounting for it

Mayor Brandon Johnson's latest campaign finance reports suggest ongoing issues with sloppy clerical work as well as fundraising, a troubling sign for the freshman mayor midway into his term. State records show that from July through September 2024,

by: Reuters

SBI Life Insurance posts higher Q3 profit on policy renewals, new sales

India's SBI Life Insurance Company posted a higher third-quarter profit on Friday, led by growth in renewed and new insurance policies.

by: Reuters

ECB should not rush rate cuts, Nagel says

The European Central Bank should not rush to lower interest rates because inflation remains high and uncertainty great, ECB policymaker Joachim Nagel said in an interview published on Friday.

by: MSN

Government to move new income tax bill in Budget session

Finance minister Nirmala Sitharaman plans to introduce a bill for a new direct tax law during the budget session. The focus is on simplifying provisions and making the language more accessible for the common man.

by: MSN

YISD appoints new comptroller, budget director

Ysleta Independent School District (YISD) announced a new comptroller and budget director on Friday, Jan. 17. Belen Briones has been appointed to the role of comptroller and has 22 years of experience in finance,

by: MSN

Most Americans don't appreciate how big Bytedance's business really is: Lead Edge Capital's Green

Mitchell Green, Lead Edge Capital founder and partner, joins 'Squawk on the Street' to discuss the Supreme Court's decision on the ban of TikTok, and how big Bytedance's business really is, and much more.

by: MSN

Week Ahead for FX, Bonds: All Eyes on Trump's Inauguration, Policy Announcements

U.S. Focus will fall on Trump's inauguration. Monday is a public holiday in the U.S. but policy announcements are widely expected to result in volatility across financial market

by: MSN

Can landscape regeneration be profitable? One of Australia's richest couples is trying to find out

In the middle of Tasmania sits a 5,000-hectare property once used for sheep grazing. But when the sheep farmers left, an unlikely buyer moved in.

by: MSN

How CEOs Hope to Improve Donald Trump's Presidency

Many have noticed how differently some business leaders are greeting the second Trump presidency, write Jeffrey Sonnenfeld and Steven Tian

by: MSN

Copped Out: Global Warming and Global Markets

As is now something of an annual ritual, last month's COP29 conference in Baku, Azerbaijan ended on a rather shabby note. Actually, one can describe its beginning the same way. Ilham Aliyev, the dictator who rules Azerbaijan,

by: MSN

Report: John Stewart Named In Lawsuit Over Equity Firm Management

The lawsuit alleges: "Stewart's newfound interest in buying, selling, and raising Thoroughbred horses has diverted his attention from growing and managing the MiddleGround Funds."

by: MSN

Kristi Noem's rural life with husband Bryon including time she shot her pet dog dead

Kristi Noem is the governor of South Dakota who President-elect Donald Trump nominated as the secretary of Homeland Security. She married her high school sweetheart.

by: MSN

Ankur Warikoo's 2024 earnings revealed: How much did the finance influencer make? Here's the breakdown

Ankur Warikoo, entrepreneur and content creator, recently shared a detailed breakdown of his 2024 business revenue, revealing a total of Rs. 16.84 crore (USD 2 million). His income comes from various streams,

by: MSN

Budget session of Parliament to commence on Jan 31

The Budget Session of Parliament will commence from January 31 and will continue till April 4, the Lok Sabha Secretariat said on Friday evening.

by: MSN

FedEx Corporation (FDX): A Top Long-Term Stock According to Billionaire Mason Hawkins

We recently compiled a list of the Billionaire Mason Hawkins' Top 15 Long-Term Stock Picks. In this article, we are going to take a look at where FedEx Corporation (NYSE:FDX) stands against the other stocks.

by: MSN

Amir Tabch: Revolutionizing FinTech with UAE's 1st Regulated DeFi Brokerage

As an experienced board leader and fintech executive, Amir Tabch leveraged his deep expertise in regulatory compliance to establish the UAE's first regulated DeFi and digital asset brokerage—a groundbreaking milestone achieved in 2021.

by: MSN

Qubetics Best Crypto Presale Wins Hearts With $9.7 Million Raised, While Crypto Giants Like Bitcoin and Ethereum Maintain Momentum

Explore the best crypto presale with Qubetics, Bitcoin, and Ethereum. Discover their unique features and why $TICS is a game-changer in digital finance.

by: MSN

Is Acquiring a Business Right For You? Here's How to Know If You Should Buy a Business or Start From Scratch

Building a business isn't for everyone, and neither is acquiring one. Some people are better suited to doing things solo and in their own way. Here's how you know which is right for you.

by: MSN

Can IBM Stock Benefit From Applications Software Technology Buyout?

International Business Machines Corporation IBM has inked an agreement to acquire Applications Software Technology ("AST") LLC, a global Oracle consultancy firm. The transaction builds on IBM's previous acquisition of Accelalpha in 2024,

by: MSN

Evan: Business leaders are showing increased confidence in the stock market.

Elizabeth Evans, Managing Partner at Evans May Wealth, discusses the current market sentiment and investment strategies. She notes that business leaders and retail clients are showing increased confidence in the stock market,

by: MSN

RLI Stock Trades Above 50-Day SMA: What Should Investors Do?

RLI Corp. RLI has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price, as of Jan. 16, 2025, was $77.83, down 14.6% from its 52-week high of $91.

by: MSN

David Staples: All the reasons why we can't trust Mark Carney to put Canada first

If you're looking for a leader who will put Canada first, Mark Carney is not your guy. I say this even as Carney is many things that Justin Trudeau is not — brainy, experienced in business, and from Western Canada.

by: MSN

Buffett's Sale of BAC Stock: A Smart Move or Missed Opportunity?

After Warren Buffett decided to trim his holdings in the financial sector, with Bank of America Co. (NYSE: BAC) being one of his selling picks, a lot of investors in the market grew weary of where the system might be headed if not the broader economy.

by: MSN

Cadence Minerals grants share options to top executives

LONDON - Cadence Minerals Plc (AIM: KDNC) has announced the awarding of share options to its top executives, a move that increases the total number of options over ordinary shares in the company. The granted options total 14,

by: MSN

Ankur Warikoo reveals his annual revenue for 2024: 'Look at how much money I make'

Entrepreneur and content creator Ankur Warikoo unveils his holding company's operations and growing digital influence across multiple platforms.

by: MSN

Who Is Nathan Anderson? The American Short Seller Who Shook India With Adani Allegations

Nathan Anderson, founder of Hindenburg Research, announced the firm's disbanding on Wednesday, January 15, 2025. Known for impactful reports on the Adani Group and Nikola, Hindenburg gained prominence through its investigations.

by: MSN

Want to own an ice cream parlor? Distinctive Wilson business up for sale.

After operating for nearly two years, an ice cream shop in Wilson is for sale. Larry Steinhouse, owner of The Ice Cream Corner, announced on Facebook Wednesday that he is selling the business due to an "unforeseen event.

by: MSN

India's Private Equity Frenzy: Smart Money Or A Bubble in the Making?

By Utkarsh Sinha & Dr Vipin Sreekumar India's private equity (PE) sector is witnessing an unprecedented surge, fuelled by strong economic growth, favourable demographics, and structural reforms. In 2023,

South African lawmakers to quiz banks over lending practices

The meeting is to ensure that the banking sector in South Africa is open, transparent and of service to poor people to facilitate inclusion in the productive sectors of the economy,' Mzwandile Masina.
South African lawmakers are set to interrogate major banks regarding their lending practices, focusing on issues like high interest rates, stringent loan conditions, and the impact on small businesses and consumers. This inquiry comes in response to widespread complaints about the difficulty in accessing affordable credit, which has been exacerbated by economic conditions such as high unemployment and slow economic growth. The session aims to explore whether banks are engaging in practices that unfairly disadvantage certain groups, potentially leading to recommendations for regulatory changes or interventions to ensure more equitable access to finance. The banks expected to appear include major players like Standard Bank, Absa, Nedbank, and FirstRand, with the parliament seeking to understand the banks' risk assessment models, their approach to lending to SMEs, and how they address consumer complaints.

Read the Full Moneyweb Article at:
https://www.moneyweb.co.za/news/south-africa/south-african-lawmakers-to-quiz-banks-over-lending-practices/