Financial institutions

Notice to financial institutions: increase in the amount of the wage exemption for restriction notices and direct debits as of December 31, 2021 – Emploi et RH

United States: Notice to financial institutions: increase in the amount of the wage exemption for restriction notices and direct debits as of December 31, 2021 December 31, 2021 Cullen and Dykman To print this article, simply register or connect to Mondaq.com. Under New York’s Exempt Income Protection Act (“EIPA”), certain funds in deposit accounts are […]

Financial institutions

What makes financial institutions (FISI) ideal for “trend investments”

While “the trend is your friend” when it comes to investing or trading in the short term, when to enter the trend is a key determinant of success. And increase the chances of success by making sure that the sustainability of a trend is not easy. The trend is often reversed before exiting the trade […]

Financial institutions

Sense of a pinch: How recent appeal rulings add to the regulatory burden on financial institutions

In quieter years, banks come under scrutiny from a multitude of regulators with overlapping mandates. After the presidential elections in the United States, all industries are bracing for a shift in priorities. But few expected the seismic upheaval promised in 2021 by the Biden administration, its Justice Department and other parts of the federal government. […]

Debt finance

Government confident to repay all foreign debt – Minister of Finance

Finance Minister Basil Rajapaksa said that although the country is going through a major foreign exchange reserve crisis, the government will cover all external debts due next year, adding that the president and prime minister have also secured their full support in this task. He said that despite the opposition’s claims, the government had a […]

Financial institutions

cryptocurrency: Visa launches crypto advisory service for financial institutions, traders

Visa Inc, the world’s largest payment processor, on Wednesday launched a global crypto advisory service for clients such as banks and merchants as digital currency adoption gains momentum. Visa’s move comes against the backdrop of unprecedented investor demand for crypto services, and the company’s latest offering is aimed at financial institutions keen to attract or […]

Financial institutions

Mosaic uses a senior underwriter for financial institutions

Mosaic Insurance announced the appointment of Womba Muzeya as Vice President and Senior Underwriter for Financial Institutions. Muzeya (pictured above) will join the company’s London team and report to Global Head of Financial Institutions Division Chris Brown. In her new role, Muzeya will underwrite a wide range of hedges from financial institutions, from small fund […]

Financial institutions

Mosaic uses a senior underwriter for financial institutions

Mosaic Insurance announced the appointment of Womba Muzeya as Vice President and Senior Underwriter for Financial Institutions. Muzeya (pictured above) will join the company’s London team and report to Global Head of Financial Institutions Division Chris Brown. In her new role, Muzeya will underwrite a wide range of hedges from financial institutions, from small fund […]

Bank loans

Defaulters thrive on bank loans but don’t want to repay

Thanks to bank loans, they kept getting stronger – their businesses grew and they bought land, apartments, SUVs and so on. Yet these willful defaulters are unwilling to repay their debts. Banks have resorted to the courts to recover their money, but lengthy legal proceedings hampered and hampered their efforts, allowing defaulters to lounge around. […]

Bank loans

Bank loans to MSMEs reach P202B

BSP Governor Benjamin Diokno. CONTRIBUTED PHOTO The BANK’s loans to micro, small and medium-sized enterprises (MSMEs) have increased to more than 200 billion pesos after the Bangko Sentral ng Pilipinas (BSP) lowered the reserve requirement rules for lenders, according to the governor of the BSP Benjamin Diokno. “For the week ending October 31, 2021, the […]

Bank loans

Total bank loans approach $ 3 trillion, APRA says

The value of total resident loans and finance leases reached just under $ 3 trillion in October, and home loans to $ 1.9 trillion, according to new statistics from APRA. Mortgages to homeowners and investors rose in October 2021, reflecting strong borrower demand spurred by low rates, new data shows. Australian Prudential Regulation Authority (APRA) […]