Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian SnyderMarch 14 (Reuters) - Bruised U.S. bank stocks regained some ground on Tuesday, as a sell-off sparked by Silicon Valley Bank's collapse gave way to bargain-hunting by investors…
Trade finance refers to products and financial instruments used to facilitate the export and import of trade and commerce—and, thereby, the smooth conduct of business. Some of the most popular instruments in trade finance are letters of credit (LC), bank guarantees (BG), documentary collections and remittances.Essentially, these instruments…
If you think 100,000 songs a day going into the market is a big number, “you have no idea what’s coming next,” says Alex Mitchell, founder/CEO of Boomy, a music creation platform that can compose an instrumental at the click of an icon.Boomy is one of many so-called…
A new Senate Republican report examines the influence that woke financial corporations who push left-leaning policies have on their corporate shareholders. U.S. Senator Marco Rubio (R-FL), who released groundbreaking legislation in 2021 to hold woke corporations accountable, issued a statement on woke finance’s negative economic effect.[Read More...]
Banker Bob Diamond was forced to pull the ripcord this week on his attempt to take stablecoin issuer Circle Internet Financial public via a special purpose acquisition company.The ex-Barclays Plc boss’s dealmaking ability probably wasn’t the issue. Nor was the target’s financial performance: Circle earns interest income on…
Eight women in Canada’s finance industry are being recognized this week as trailblazing leaders for advancing equity, diversity and inclusion as part of the 2022 WCM (Women in Capital Markets) Awards.The WCM Awards recognize women rising through the ranks into senior leadership, transformational leaders, and outstanding volunteers who…
In an effort to provide a diversity of viewpoints on pressing questions related to biopharma financing and funding in 2023, Life Science Leader reached far and wide in soliciting executive responses to questions featured in our December Industry Outlook 2023 special issue. We greatly appreciate the volume and…
The State Treasurer’s Office of Economic Empowerment (OEE), in partnership with the Massachusetts Office of Consumer Affairs and Business Regulation (OCABR) and the Division of Banks (DOB), announced the recipients of the Financial Education Innovation Fund Grant for the 2022-2023 academic year.Through a competitive application process that culminated…
Finance Factors was founded 70 years ago to help many of Hawai‘i’s hardworking families who struggled to obtain loans for everyday needs, from refrigerators to pots and pans. As our community’s fi-nancing needs changed, we evolved, too. Today, we are a focused real estate lender and savings institution,…
Users of decentralized finance lending platform Compound Finance have passed a proposal to restrict the maximum borrowing of 10 tokens on the protocol. The proposal put forth by financial modeling firm Gauntlet passed Nov. 28 by majority vote, although the total turnout amounted to less than 7% of…
