Private Banking – Pivdencom Bank http://pivdencombank.com/ Fri, 17 Sep 2021 22:28:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://pivdencombank.com/wp-content/uploads/2021/06/cropped-favicon-32x32.png Private Banking – Pivdencom Bank http://pivdencombank.com/ 32 32 Fort Worth-based consumer auto finance company receives investment from private equity group https://pivdencombank.com/fort-worth-based-consumer-auto-finance-company-receives-investment-from-private-equity-group/ https://pivdencombank.com/fort-worth-based-consumer-auto-finance-company-receives-investment-from-private-equity-group/#respond Fri, 17 Sep 2021 21:50:30 +0000 https://pivdencombank.com/fort-worth-based-consumer-auto-finance-company-receives-investment-from-private-equity-group/

Clarion Capital Partners announced on September 15 the completion of a strategic investment in the Fort Worth-based company Open road, a consumer auto finance company.

OpenRoad co-founders Chris Goodman, Jeff Austin and Joseph Everly will continue their respective roles as CEO, CFO and CTO. Terms of the transaction were not disclosed.

OpenRoad Lending is a direct-to-consumer online auto finance company focused primarily on refinancing. OpenRoad helps consumers with all types of credit in 44 states and remains one of the nation’s largest direct lenders for auto loans.

Founded in 2009 by the same executives who started RoadLoans, OpenRoad partners with banks, credit unions and institutional investors to enable consumers to refinance their existing car loans, reduce interest rates and earn significant monthly savings.

OpenRoad was recently recognized by Inc. Magazine as the 37th fastest growing privately held company in America. They have been four times nationally awarded “Best and Best Places to Work”.

OpenRoad is currently focusing all of its efforts on automatic refinancing. Through its partnership with Clarion, OpenRoad plans to capitalize on its market position and explore other lines of business, such as car loans, lease buyouts, insurance automotive and other consumer verticals. OpenRoad will also leverage this investment to expand its marketing channels and grow both organically and through acquisition.

“Over the past 12 years, we’ve built a formidable operation known for saving customers money and providing a convenient, modern online experience,” said Goodman. “We expect the demand for auto refinancing to continue to increase as smart consumers look for ways to cut back on their spending. This, combined with the acceleration of digital lending adoption, will drive significant growth for OpenRoad. We are delighted to partner with Clarion and benefit from their extraordinary expertise, resources and network to grow our business, while providing the best financing experience in the market. “

Clarion Capital Partners is a New York-based private equity firm focused on acquiring stakes in lower-middle market growth companies.

In connection with the transaction, Colonnade Securities LLC acted as the exclusive financial advisor to OpenRoad. Munsch Hardt Kopf & Harr, PC acted as legal counsel for OpenRoad. Clarion has received legal advice from Akerman LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC. Funding for the transaction was provided by funds managed by Madison Capital Funding and PennantPark Investment Advisers, LLC.

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“Rising” demand for internal investments https://pivdencombank.com/rising-demand-for-internal-investments/ https://pivdencombank.com/rising-demand-for-internal-investments/#respond Fri, 17 Sep 2021 04:36:00 +0000 https://pivdencombank.com/rising-demand-for-internal-investments/

DBS’s private banking arm is seeing strong client demand for internally managed investment products, with assets under management of these products reaching S $ 10 billion ($ 7.43 billion).

The bank has more than doubled the assets under management of its line of managed investment products in the past year alone, DBS said in a statement Thursday.

Faced with the growing appetite of investors, the bank launched two new products in July: the IDEA fund and the ESG Focus rating, which respectively exploit the opportunities of digitization and ESG. Both products have raised S $ 550 million since their launch, DBS said.

The bank said that with its new products, it hopes to play a bigger role in the overall construction of portfolios for clients seeking long-term capital appreciation and income generation.

Holistic Offer

“Our views have earned their trust, which has led us to go further and create bespoke portfolio solutions that utilize these strategies, so that our clients can easily and conveniently invest in them. ” Hou Wey Fook, said DBS’s chief investment officer.

DBS Private Bank’s first internally managed investment product, the DBS Global Income Note, has generated an annualized return of 7% since its inception in 2019. Its DBS CIO Barbell strategy portfolio, which reflects the investment strategy “ Barbell ”from the CIO, generated a return of 33%. back from creation.

“The goal of developing internally managed products is to complement the range of carefully selected third-party mutual funds on our platform, in order to provide a more comprehensive offering to our clients,” said Hou.

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Critics Fear SEC Gensler Seeking ‘Unlimited Powers’ In Crypto Regulation https://pivdencombank.com/critics-fear-sec-gensler-seeking-unlimited-powers-in-crypto-regulation/ https://pivdencombank.com/critics-fear-sec-gensler-seeking-unlimited-powers-in-crypto-regulation/#respond Thu, 16 Sep 2021 19:57:00 +0000 https://pivdencombank.com/critics-fear-sec-gensler-seeking-unlimited-powers-in-crypto-regulation/

Securities and Exchange Commission Chairman Gary Gensler ruffled the cryptocurrency community when he refused to exclude the regulation of stablecoins as securities in a hearing before the Senate Banking Committee on Tuesday . But stablecoin issuers will have bigger regulatory problems than the SEC, if reformers are successful.

Republican Senator Pat Toomey of Pennsylvania asked Gensler if he believed in stablecoins or cryptocurrencies designed to maintain their value against the U.S. dollar DXY,
+ 0.34%,
are securities according to the Supreme Court’s definition of an investment contract called the Howey test. Gensler declined to give a specific answer, saying “it could well be headlines.”

Stablecoins have become staple in the cryptocurrency market like Tether USDTUSD,

and coin in USD USDCUSD,
+ 0.02%,
that facilitate trading between popular digital assets, including bitcoin BTCUSD,
+ 1.22%
and ETHUSD ether,
+ 1.91%,
but financial regulators have expressed concern that they pose a threat to financial stability. Investors use them as cash substitutes, like bank deposits or money market mutual funds, although they remain poorly regulated.

In July, Treasury Secretary Janet Yellen convened the President’s Task Force on Financial Markets to address the threat posed by stablecoins to financial stability, stressing “the need to act quickly to ensure implementation. place of an appropriate regulatory framework ”.

Gensler’s critics, however, argue that the SEC chief is rushing to assert his agency’s authority over these instruments with little legal justification.

“Gensler very clearly wants the SEC to have unlimited powers when it comes to crypto,” Dean Steinbeck, general counsel for blockchain platform Horizen, told MarketWatch. Steinbeck added that he agreed with Toomey’s analysis of the Howey test: because those who buy a stablecoin do not have a reasonable expectation of profit, stablecoins fail the Howey test and are not not a security.

Gensler, however, noted that while the Howey’s test is an important doctrine in determining whether certain cryptocurrencies are securities, there are dozens of other financial instruments that count as securities under federal law. which are distinct from Howey.

“In defining the scope of the market that Congress wished to regulate, Congress has brushed a broad brush,” Gensler said. “It actually included about 35 different elements in this definition of a title.”

Rohan Gray, Assistant Professor of Law at Willamette University and Chairman of the Modern Money Network, suggested in a tweet that stablecoins could be viewed as, among other things, proof of indebtedness, a note or certificate of deposit – all securities under federal law.

Gary Gorton, professor of finance at the Yale School of Management, has conducted research which shows that the debate over whether a stablecoin is a security is likely moot and that regulators at the Treasury Department and the Federal Reserve will probably intervene to regulate these instruments. in a way that could transform them.

“Cryptocurrencies are all the rage, but there is nothing new about privately produced money,” Gorton wrote in a July newspaper, co-authored with Jeffery Zhang, attorney at the Federal Reserve Board of Governors.

Gorton compared stablecoins to private banknotes that circulated as the dominant form of money in mid-19th-century America before the creation of national banks during the Civil War. This system of competing private currencies was economically inefficient because the divergent values ​​of various private currencies made transactions and legal contracts difficult to execute. “There was constant haggling and arguing over the value of the tickets in transactions,” Gorton wrote. “Private banknotes were difficult to use. ”

A uniform national currency emerged from the need to finance the Civil War, when Congress began issuing so-called greenbacks that were not backed by gold and eventually taxed private banknotes. In the decades that followed, the federal government created the Federal Reserve system to manage a new national currency and deposit insurance to eradicate the bank runs that exacerbated the financial panics. Gorton argues that a similar development must be forced on stablecoins if policymakers are to avoid the private currency traps of the past.

If crypto enthusiasts think Gensler is a thorn in the side, just wait for the Federal Reserve and the Treasury Department to start making new rules. Statements from Yellen, Fed Chairman Jay Powell, and his top Governing Council lieutenants suggest these powerful officials agree that stable coin regulation is necessary and swift, whether the SEC calls them securities or not. .


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INTERVIEW: ‘Azor’ examines the very rich in 1970s Argentina https://pivdencombank.com/interview-azor-examines-the-very-rich-in-1970s-argentina/ https://pivdencombank.com/interview-azor-examines-the-very-rich-in-1970s-argentina/#respond Tue, 14 Sep 2021 19:24:25 +0000 https://pivdencombank.com/interview-azor-examines-the-very-rich-in-1970s-argentina/

Photo: Azor stars Stéphanie Cléau and Fabrizio Rongione. Photo courtesy of MUBI / Provided by Cinema Tropical with permission.


Azor, the new film from director Andreas Fontana, takes place in 1970s Argentina and examines the intriguing lives of the ultra-rich. The protagonist is Yvan (Fabrizio Rongione), who arrives in Argentina from Geneva with his wife Inès (Stéphanie Cléau). Yvan’s job at home is difficult: he’s here to replace a missing colleague, and he must learn the political and economic realities of this nation and its so-called “dirty war,” according to press notes.

For Fontana, the film is a special project because it is his first feature film. The film was a hit in the festival circuit, notably at the Berlinale and New Directors / New Films, and now the thriller is being shown by MUBI in theaters across the United States. The film is currently showing at the IFC Center in New York and opens this weekend in Los Angeles at the Laemmle Royal and Playhouse.

“Yes, it was very interesting and fascinating to work on such an ambitious project for a first feature film,” Fontana said in a recent interview with Zoom. “In the meantime, I had two children between the start and the final. My life has changed, so it has been a very long journey.

The director started working on the project in 2015, and what drove him to write the screenplay was his interest in the world of private banking in Geneva (Fontana is a Swiss director who has spent a lot of time in Argentina, and the film brings the two cultures together). “My grandfather was a private banker in Geneva, and I did not know it before, but when he died, I started to take an interest in this environment and this particular world from which he came”, he said declared.

According to Fontana, when a nation suffers a coup, then the bankers show up and start changing the new economy. He wanted to explore these circumstances as they occurred in Argentina in the 1970s, a politically unstable period with a lot of economic uncertainty.

“I have lived in Argentina for a long time,” Fontana said. “I knew the country. I would never tour in this country without being able to know the country, and the language, I am a perfect Spanish speaker. … The period was interesting for me in terms of history and also in terms of economy.

To better understand the world of private banking in the 1970s, Fontana embarked on research into the period and the war in Argentina, characterized by an overwhelming dictatorship and the disappearance of activists and residents. “I worked for two and a half years doing research, not writing, only investigating,” he said. “Basically I read a lot, I even went to Argentina, I had even lived there for months, then I met people, maybe potential clients and also academics or professors.

Now with Azor in the can and distributed in the US and around the world, Fontana can watch his first film with wistful eyes, considering the lessons he learned along the way, and examining his own desires to continue on that path. “It was very interesting,” the filmmaker said of the experience. “I discovered that I was very happy when I realized. … I hope this is the first of many films.

By John Soltes / Editor / John@HollywoodSoapbox.com

Azor, written and directed by Andreas Fontana, is now performing at the IFC Center in New York. The film will debut on Friday, September 17 at the Laemmle Royal and Playhouse. Click on here for more information.

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Katherine Relle joins Accelmed as Vice President https://pivdencombank.com/katherine-relle-joins-accelmed-as-vice-president/ https://pivdencombank.com/katherine-relle-joins-accelmed-as-vice-president/#respond Tue, 14 Sep 2021 12:13:02 +0000 https://pivdencombank.com/katherine-relle-joins-accelmed-as-vice-president/ Former JP Morgan Private Equity Portfolio Manager Marks Latest Addition to Accelmed’s Growing Team of Healthcare Technology Investment Professionals

Accelmed Partners (“Accelmed”), a private equity firm focused on acquiring and investing in US lower-middle market health technology companies, today announced that Katherine Relle has joined the company as vice president. Ms. Relle joins Accelmed after working for the Private Equity Group of JP Morgan, where she was Portfolio Manager and Vice President.

“Katherine is a seasoned and growing investment professional who brings considerable private equity investment experience to the company and strengthens our ability to research, identify and execute investments in leading technology companies. health across the United States, ”said Dr. Uri Geiger, Founder and Managing Partner of Accelmed.

Ms. Relle began her career at JP Morgan Private Banking, holding various positions within the Asset Management and Corporate Strategy teams at JPM. As a portfolio manager within the JP Morgan Private Equity group, Ms. Relle served on the investment committee and helped oversee approximately $ 28 billion in investments. She also co-chaired the Diversity and Inclusion Program Women On the Move and NextGen, JP Morgan’s 50,000-person employee mentorship program, where she worked directly with the bank’s operating committee, including CEO Jamie Dimon. Ms. Relle holds a BA, magna cum laude, from Georgetown University, an M.Sc. from the London School of Economics and an MBA from Columbia Business School.

Ms. Relle is a rising industry leader, having been included in Forbes 30 Under 30 and Investment News 40 Under 40, among others. In 2020, Ms. Relle was appointed Employee of the year by JP Morgan Chase & Co.

“I was extremely impressed with what Uri and her team were able to accomplish in building Accelmed’s exceptional investment portfolio,” commented Ms. Relle. “With many flourishing innovations in HealthTech, I am extremely excited to join the growing Accelmed team and look forward to building the company’s success and creating significant value in high potential companies. growth. ”

Ms. Relle’s addition comes as Accelmed continues to expand its team of investment professionals and network of industry partners. In June, the company announced the addition of Eric Tansky, senior director of HealthTech, as a general partner, and the addition of Stephen Rubin as a partner. Accelmed also announced the addition of accomplished executives Lewis Pell and Stanley Stern to its executive network.

“The continued evolution in the larger healthcare technology space in the United States has created a significant demand for experienced investment partners who can guide founders and leadership teams in executing growth initiatives. important, ”added Dr Geiger. “We are excited to add Katherine to our growing team and look forward to continuing to announce new additions at all levels. ”

About Accelmed partners

Accelmed is a United States-based private equity firm focused on acquiring and investing in lower middle market health technology companies in the United States. Since 2009, Accelmed has deployed more than $ 400 million in companies spanning medical devices, diagnostics, digital health, and technology-based healthcare services. Accelmed seeks to accelerate value and evolve innovation in healthcare technology by leveraging the team’s experience, operational and financial expertise and strong global relationships. For more information, please visit https://www.accelmed.com/.

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‘Azor’ offers a chilling look at Argentina’s dirty war, plus three more things to watch this weekend https://pivdencombank.com/azor-offers-a-chilling-look-at-argentinas-dirty-war-plus-three-more-things-to-watch-this-weekend/ https://pivdencombank.com/azor-offers-a-chilling-look-at-argentinas-dirty-war-plus-three-more-things-to-watch-this-weekend/#respond Fri, 10 Sep 2021 15:53:58 +0000 https://pivdencombank.com/azor-offers-a-chilling-look-at-argentinas-dirty-war-plus-three-more-things-to-watch-this-weekend/

The supporting actors are the real strengths here: Ines with her ambition and calculating coldness; a rude advocate for the new rich; and a particularly frightening and soft-spoken Monsignor. Paul Courlet’s sober, discordant and sly score sets the tone for the intrigue.

Speaking of intrigue: The film’s marketing name verifies Graham Greene and John le Carré, but instead of those international spy stories, the film strongly reminded me of Sean Durkin’s low-key threat. The nest (one of my favorite movies from last year), especially in the way it basks in the playgrounds of the rich and breaks down details with tantalizing languor as the film progresses. Both keep you guessing until the very last icy minutes, and maybe even after. But don’t worry: you won’t want to stop thinking about Azor and the world it evokes. —Lisa Wong Macabasco

Azor now playing in New York at the IFC Center and Film at Lincoln Center; it opens in Los Angeles on September 17, followed by a nationwide theatrical deployment. Need a few more suggestions for your weekend viewing? Read on.

Capote bands

Two years after its premiere at the Toronto International Film Festival, Ebs Burnough’s entertaining portrayal of one of the 20th century’s most fascinating figures has finally arrived in theaters. Part simple documentary by Truman Capote, part mystery (flight) – did the writer ever actually finish Answered prayers, the novel that shaved his friendships with most of the cream of New York in just three chapters ripped? – the film is worth the entrance fee for talking heads alone. Complementing old conversations between George Plimpton and women like Lauren Bacall, Lee Radziwill, CZ Guest and Marella Agnelli for her book Truman Capote: in which various friends, enemies, acquaintances and detractors remember his eventful career are modern interviews with Dotson Rader, Jay McInerney, Sally Quinn, Colm Toíbín, André Leon Talley, Dick Cavett and many more. —Marley Marius

Come from afar

Coinciding with the 20th anniversary of September 11, Apple TV + this weekend is launching a film production of Come from afar, the Tony-winning Broadway musical about travelers stranded in Gander, Newfoundland after flights to the United States were blocked on September 11, 2001. —MM

Scenes from a wedding

Unless you count the immediately forgettable film adaptation of A little night music—Stephen Sondheim’s 1973 musical based on Smiles of a summer night—HBO in five parts Scenes from a wedding, which debuts on Sunday, is the first time Ingmar Bergman has received the remake treatment. Hagai Levi (The case, Processing) directs this Americanized version, starring Jessica Chastain and Oscar Isaac as the beleaguered central couple.

Are you also interested in the (amazing) main text? The Criterion Channel has the six Bergman originals episodes, which first aired in 1973, while HBO Max currently broadcasts its 169 minutes Dramatic cut. —MM

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While these new channels tend to be aimed more at mass / retail customers rather than private banks, the development of digital-only platforms raises questions about the value-added propositions that private banks must offer to remain competitive.

Dwaipyan Sadhu, head of personal, business and consumer banking at Standard Chartered Singapore, has been appointed CEO of the lender’s digital banking business with the enterprise arm of NTUC, according to reports.
(NTUC is “National Congress of Trade Unions”.)

The digital bank, called SC Bank Solutions, will be the UK’s second separately licensed digital bank in Asia, after Mox Bank in Hong Kong (source: fintechnews.sg, others). Standard Chartered’s wholly-owned subsidiary, SCBSL, will take a 60 percent stake in the company, while BeaPlus, a holding company controlled by NTUC Enterprise, will take a 40 percent stake.

In August last year, SCBSL was the first and so far the only bank to be granted “Significant Rooted Foreign Bank” status by the Monetary Authority of Singapore; he then received enhanced SRFB privileges, giving him the opportunity to earn an additional full banking license.

Such a development is a testament to how banks are embarking on “pure-play” digital models, tapping into the demand of younger, supposedly more tech-savvy consumers. Goldman Sachs, for example, has pushed into a different area with its “Marcus” offering in the UK. These new channels tend to target more individuals / wealthy individuals than private banking customers.

This publication has requested details from Standard Chartered and may be updated in due course.

In a different digital sphere, Standard Chartered has joined an international alliance of banks, fintech companies, and crypto organizations to promote best practices in managing digital assets such as bitcoin. The UK listed bank is a member of the Board of Directors of Global Digital Finance (GDF).

In early August, Standard Chartered said pre-tax income from personal, personal and commercial banking services for the six-month period ended June 30 jumped 42% year-on-year to $ 1.821 billion. For the UK-listed banking group, underlying profit before tax was $ 2.682 billion, up 37%.

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Report: Texas Private Equity Backed Illinois Transportation Closes https://pivdencombank.com/report-texas-private-equity-backed-illinois-transportation-closes/ https://pivdencombank.com/report-texas-private-equity-backed-illinois-transportation-closes/#respond Thu, 02 Sep 2021 13:21:27 +0000 https://pivdencombank.com/report-texas-private-equity-backed-illinois-transportation-closes/

A logistics and transportation company that was recapitalized in 2017 by a Texas-based private equity firm has gone out of business, according to information in a trade publication.

Dillon Logistics Inc. of Burr Ridge, Illinois, a family-owned provider of dry and liquid bulk transportation services for agriculture, construction products, industry and energy, closed at midnight Tuesday, according to a FreightWaves article. The company was founded in 1980, according to a press release from Cotton Creek Capital, the private equity firm that recapitalized 4d Dillon in January 2017.

Austin-based Cotton Creek Capital is an operations-focused private equity firm focused on investing and growing lower-middle-market companies in the manufacturing, infrastructure services, chemicals industries. specialty products, construction products, food and beverage, and business services. The company targets companies with EBITDA between $ 5 million and $ 15 million, investing in situations ranging from buyouts, recapitalizations, acquisitions and constructions to business disposals.

Other companies in Cotton Creek Capital’s portfolio include Graco Supply of Fort Worth and Coal City Cob Company in Waxahachie. Cotton Creek has an office in Fort Worth.

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Take into account Reliance’s interest in the bank 🧮 https://pivdencombank.com/take-into-account-reliances-interest-in-the-bank-%f0%9f%a7%ae/ https://pivdencombank.com/take-into-account-reliances-interest-in-the-bank-%f0%9f%a7%ae/#respond Wed, 01 Sep 2021 01:36:04 +0000 https://pivdencombank.com/take-into-account-reliances-interest-in-the-bank-%f0%9f%a7%ae/

In November 2020, India’s central bank, RBI, presented a discussion paper proposing to open up the banking system to large corporations.

We weren’t big fans of the proposal although maybe the RBI’s goal was to bring in new capital from industrial companies that were “not encumbered by a previous history of lending”. This is what we wrote in BFO # 169:

But there’s a reason there’s a wall between big corporations and the banking industry: crony loans. The fear that depositors ‘money will be used to fulfill the corporate giants’ agenda. Especially since it happens too often in the Indian banking system, even in the absence of business ownership.

Take, for example, the allegations of the former CEO of one of the largest private banks in the country, ICICI Bank, helping with the disbursement of loans to the Videocon group, which, in turn, had made deals with her husband. And the virtual collapse of Yes Bank due to its business lending practices which were largely defined by the relationships of its promoter.

Why am I bringing this up now?

I will come back to that in a moment. But before that, yesterday, we learned that there were two new candidates for a “Small financing bank” Licence.

  • Cosmea Financial Holdings Private Limited
  • Tally Solutions Private Limited

Now, SFBs are a new type of bank created by the RBI in 2015. The goal was to improve financial inclusion and expand banking services across the country. Primarily, SFBs are aimed at smaller clients.

And the most interesting name in this list of candidates is Tally Solutions.

Tally is a software company that essentially provides a suite of accounting programs for small businesses. Some articles even claim that eight out of ten companies (in India?) use Tally’s software. While we don’t know the exact number for sure, suffice it to say that Tally has a pretty broad reach. And for a software company that has all this financial data of these small businesses and has built a trusting relationship with them over the past two decades, offering banking services that businesses can tap into could create a very big divide.

And, last year, he also announced his intention to develop in retail using billing for businesses, with restaurants and neighborhood grocery stores as the entry point. There are therefore more possibilities to connect your banking channel as well.

Okay, let’s come back to the link between the SFB license for these companies and the big industrial houses.

Now we are not making any claims, but we are raising our eyebrows a bit. Here is something BloombergQuint:

According to a Business Standard article from 2013, Tally counted Mukesh Ambani as a significant shareholder. This appears to have changed in the years since, as the March 2020 filings with the Registrar of Companies show Bhakti Manoj Modi as Tally Solutions’ largest shareholder, with a 49.77% stake. Tally founder Bharat Goenka and his family members collectively own 50%. Bhakti Manoj Modi is married to Tejas Goenka, the son of the founder and CEO of Tally.

Bhakti’s father, Manoj Modi, is one of Mukesh Ambani’s closest business associates and is a director on the board of Reliance Retail Ltd. according to the latest public information available. Goenka is also known to have been a close associate of Ambani for two decades.

Don’t just take BQ word for that, here’s something from the Economic times in 2004.

RCIL [Reliance Communication Infrastructure Ltd] directors include Mukesh Ambani, Anand Jain, Manoj Modi and KR Raja. Srinivasan Ramesh is its managing director. [Reliance] The directors of Infocomm are Mukesh Ambani, Anand Jain, Manoj Modi and Bharat Goenka (ED of Tally Solutions, Bangalore).

Do any of these names ring a bell?

Anyway, with this’ relationship ‘between Tally Solutions and Reliance Industries’, a few of the latter’s latest ventures, like JioMart’s e-commerce game that ties in with neighborhood grocery stores, and JustDial recently. Acquired, a research and discovery platform for small businesses, could even fuel Tally’s ambition to expand its services (software, invoicing and soon banking) to retail, right?

And in return, Reliance already owning Jio Payments Bank – which is another type of bank with severe limitations in that it cannot lend money and can take limited deposits – could it be his little bank proxy financing?

It cannot be. It’s too much guesswork, isn’t it?

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Malvern (MLVF) drops 0.87% for August 27 https://pivdencombank.com/malvern-mlvf-drops-0-87-for-august-27/ https://pivdencombank.com/malvern-mlvf-drops-0-87-for-august-27/#respond Sat, 28 Aug 2021 01:41:00 +0000 https://pivdencombank.com/malvern-mlvf-drops-0-87-for-august-27/

Today, shares of Malvern Bancorp Inc Inc (NASDAQ: MLVF) fell $ 0.16, a decline of 0.87%. Malvern opened at $ 18.48 before trading between $ 18.50 and $ 18.34 throughout Friday’s session. The activity saw Malvern’s market cap drop to $ 139,793,275 on 933 stocks, below their 30-day average of 6,606.

About Malvern Bancorp Inc

Malvern Bancorp, Inc. is the holding company of Malvern Bank, National Association, an institution that was originally organized in 1887 as a federally chartered savings bank. Malvern Bank, National Association, is today one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, Malvern Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity. Malvern Bank operates from its head office in Paoli, Pa., A suburb of Philadelphia, and through its nine other bank branches in Chester and Delaware counties, Pa., Morristown, New Jersey, its regional headquarters in New Jersey, Palm Beach and Florida. The Bank also has representative offices in Wellington, Florida and Allentown, Pennsylvania. The Bank’s main market niche is to offer personalized service to its customers. Malvern Bank, through its Private Banking division and affiliation with Bell Rock Capital in Rehoboth Beach, Delaware, provides personalized wealth management and advisory services to high net worth individuals and families. These services include banking services, liquidity management, investment services, 401 (k) accounts and planning, custody, tailor-made loans, wealth planning, trust and trust services, advisory services. in family patrimony and philanthropic advisory services. The Bank provides insurance services through Malvern Insurance Associates, LLC, which provides its clients with a wide range of financial services, including business and personal insurance, and business and personal loans.

Visit the Malvern Bancorp Inc profile for more information.

About the Nasdaq Stock Market

The Nasdaq Stock Market is a global leader in trading data and services, as well as the listing of stocks and options. The Nasdaq is the world’s largest stock exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.

To get more information about Malvern Bancorp Inc and keep up with the latest company updates, you can visit the company profile page here: Malvern Bancorp Inc’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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