Pivdencom Bank http://pivdencombank.com/ Fri, 30 Sep 2022 23:06:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://pivdencombank.com/wp-content/uploads/2021/06/cropped-favicon-32x32.png Pivdencom Bank http://pivdencombank.com/ 32 32 3 events will set the tone for the market in October https://pivdencombank.com/3-events-will-set-the-tone-for-the-market-in-october/ Fri, 30 Sep 2022 22:11:59 +0000 https://pivdencombank.com/3-events-will-set-the-tone-for-the-market-in-october/

CNBC’s Jim Cramer said Friday that three key events next week will determine whether the nightmare month for the stock market continues into October.

Here are the events:

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3 takeaways from our daily meeting: Still oversold, dipping into token stocks, club names in the news

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3 takeaways from our daily meeting: Still oversold, dipping into token stocks, club names in the news
  • The release of the non-farm labor report on Friday. Cramer said he expects him to show inflated hiring and wages.
  • Two speeches by Cleveland Fed Chair Loretta Mester, who Cramer says is the top inflation hawk on the Federal Open Market Committee. “She wants to protect us … from high inflation, even if that means raising interest rates in a recession,” he said.

The S&P 500 closed its worst month since March 2020 on Friday. The Dow Jones Industrial Average and the Nasdaq Composite fell 8.8% and 10.5% respectively for the month.

While both Mester and the report are likely to bring bad news, investors can protect themselves from a market meltdown if they stick to a solid game plan, according to Cramer.

“Owning high-quality companies with good balance sheets and high dividends that will benefit from lower inflation, because that’s what’s going to happen,” he said.

He also previewed next week’s earnings list. All earnings and income estimates are courtesy of FactSet.

Wednesday: Helen of Troy, Lamb Wesson

Helen of Troy

  • Publication of the results for the second quarter of 2023 before the bell; conference call at 9 a.m. ET
  • Projected EPS: $2.21
  • Forecast revenue: $521 million

Lamb Weston Holdings

  • First Quarter 2023 Earnings Release at 8:30 a.m. ET; conference call at 10 a.m. ET
  • Projected EPS: 79 cents
  • Projected revenue: $1.21 billion

“We saw that from Nike last night – all that happens is that the downside gets bigger while the upside just walks on water or goes up slightly higher. That’s what I expect it to happen with both when they report,” Cramer said.

Thursday: Constellation Brands, Conagra Brands, McCormick, Norwegian Cruise Line Holdings

Constellation Brands

  • Q2 2023 earnings release at 7:30 a.m. ET; conference call at 10:30 a.m. ET
  • Projected EPS: $2.81
  • Projected revenue: $2.51 billion

He said he expects the company’s sales to be “extraordinarily good”.

Conagra Brands

  • First Quarter 2023 Earnings Release at 7:30 a.m. ET; conference call at 9:30 a.m. ET
  • Projected EPS: 52 cents
  • Projected revenue: $2.85 billion

The company needs to expand its business, according to Cramer.


  • Third Quarter 2022 Earnings Release at 6:30 a.m. ET; conference call at 8 a.m. ET
  • Projected EPS: 71 cents
  • Projected revenue: $1.6 billion

Cramer said the company’s earnings call will simply bolster its weaker-than-expected third-quarter earnings and full-year outlook announced earlier this month.

Norwegian cruise line

  • Investor meeting at 10 a.m. ET

Cramer said he expects Norwegian to perform better than rival Carnival, which faced higher costs in its latest quarter, but it’s unclear if that will be enough to help Norwegian’s actions.

Friday: Tilray Brands

  • First Quarter 2023 Earnings Release at 7:00 a.m. ET; conference call at 8:30 a.m. ET
  • Projected loss: loss of 5 cents per share
  • Projected revenue: $169 million

He predicted the company would make a “bold” statement on cannabis legalization and said he wondered if it might be a great speculative stock to own during the Biden administration.

Disclosure: Cramer’s Charitable Trust owns stock in Constellation Brands.

Cramer's game plan for the October 3 trading week

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.

Pune Police Blast Instant Loan Apps Call Center, 18 Detained https://pivdencombank.com/pune-police-blast-instant-loan-apps-call-center-18-detained/ Fri, 30 Sep 2022 18:52:03 +0000 https://pivdencombank.com/pune-police-blast-instant-loan-apps-call-center-18-detained/

Pune cyber police have arrested 18 people in the loan application harassment case. Up to 4,778 Punekars have filed complaints with Pune Cyber ​​Police for harassment, threats and abuse by loan application officers since 2020.

Earlier, cyber police busted a loan app call center in Bengaluru in a case where loan app gang members attempted to extort a sum of 1.11 lakh from a female on Aug 16. Action is being taken against the syndicate of loan applications organized in the context of central government agencies headed by the Directorate of Law Enforcement (ED) taking strict action against groups that abuse and blackmail gullible citizens under the cover of instant loans. Cyberpolice seized nearly 69 lakh of these fraudsters in still ongoing operations to uncover the masterminds behind the scam.

Previously, Viignesh Manjunath, Ganesh Subbaraidu, Akash MV, Shraddha Sudhakar Gowda, Parvati Santosh Das, Ashwini D Murugan, Shilpa Subhash Gowda, Priya S and Deepika L – all residents of Bengaluru – were arrested by cyber police for extortion, fraud, defamation and bullying under the Information Technology (IT) Act. Today nine more people have been arrested including Syed Aquib Pasha, Mubarak Afroz Baig, Swapnil Hanumant Nagtilak, Srikrushna Bhimanna Gaikwad, Dhiraj Bharat Punekar, Pramod James Ransingh, Samuel Sampat Kumar, Mujeeb Baraband Kandiyal and Mohammad Maniyat.

Pune Police Commissioner Amitabh Gupta said, “According to our assessment, around 1 lakh Punekars were harassed by loan application scammers during the year. The gang operates at a highly professional level and has dedicated teams to get the job done. One team operates at ground level while the other takes care of the bank accounts. There is a separate team for data collection and call center operations management. So far, two cases have been filed in the city and an average of 25 people have contacted police daily, complaining of harassment by loan application representatives over the past two months.

Informing the court about the modus operandi of these scammers, the police said that there are several lending apps available on “playstore” where people just have to download and agree to all the terms by allowing the apps to access their personal data. Loan providers charge a high interest rate and if someone does not repay or delays in doing so, the harassment begins with the loan application representatives calling or texting all the contacts of said nobody. These scammers have access to victims’ personal data, including contact lists, personal photos and videos. Even in cases where people do not benefit from loans, loan enforcement agents transform their images with obscene content and circulate among friends and family. They blackmail and extort money from the victims by asking them to credit the amount to various bank accounts through online transactions.

Housing Deposit Assistance Program now available to S’wak first-time home buyers with bank loans https://pivdencombank.com/housing-deposit-assistance-program-now-available-to-swak-first-time-home-buyers-with-bank-loans/ Fri, 30 Sep 2022 11:01:32 +0000 https://pivdencombank.com/housing-deposit-assistance-program-now-available-to-swak-first-time-home-buyers-with-bank-loans/

Abang Johari (front, third from right) flanked by Dr. Sim (right) with others at the Sheda Property Expo groundbreaking ceremony at BCCK in Kuching on September 30, 2022. – Photo by Chimon Upon

KUCHING (September 30): First-time home buyers who have applied for loans from commercial banks or private financial institutions are now eligible to apply for the Housing Deposit Assistance Scheme (HDAS), the Premier announced Minister Datuk Patinggi Tan Sri Abang Johari Tun Openg.

He said the scheme is offered to B40 and M40 groups in the state, where the government supports a maximum deposit of up to RM10,000, which is managed by Mutiara Mortgage and Credit Sdn Bhd (Mutiara Mortgage).

“Now there’s a demand (from home buyers), they’re asking, ‘What about those who already have a loan from a commercial bank, are they eligible for this program?’

“After talking with Deputy Prime Minister Dato Sri Dr Sim Kui Hian, he told me to consider this matter.

“As such, if the buyer already has a loan from a commercial bank, they are also eligible to apply for HDAS,” he said at the launch of the Sarawak Housing and Real Estate Developers Association (Sheda) in Borneo. Convention Center Kuching (BCCK) here today.

He also said he agreed with Sheda’s request to provide RM10,000 free as housing security to first-time home buyers who applied for a loan from private financial institutions.

On another topic, Abang Johari announced that a Condominium Court will be set up to further strengthen the management of condominium titles among home buyers in Sarawak.

He said the court will ensure that the housing industry in the state, particularly condominium ownership, is headed in a better direction.

“We already have our Sarawak Homebuyers Claims Tribunal, and now the state government has taken the decision to establish the Condominiums Tribunal.

“This is done so that we can properly manage condominium titles for homebuyers in the event of a dispute between buyer and developer,” he added.

Last Russian-Ukrainian War: What We Know As of Day 219 of the Invasion | Ukraine https://pivdencombank.com/last-russian-ukrainian-war-what-we-know-as-of-day-219-of-the-invasion-ukraine/ Fri, 30 Sep 2022 00:16:00 +0000 https://pivdencombank.com/last-russian-ukrainian-war-what-we-know-as-of-day-219-of-the-invasion-ukraine/
  • Vladimir Putin signed decrees paving the way for the formal annexation of the occupied Ukrainian regions of Kherson and Zaporizhzhia to Russia. On Friday, the Russian president is expected to sign into law the annexations of four Ukrainian regions – Kherson, Zaporizhzhia, Donetsk and Luhansk – where Russia held mock referendums last week to claim a mandate for territorial claims. Thursday night’s decrees, released by the Kremlin, said Putin had recognized Kherson and Zaporizhzhia as independent territories. This is a necessary intermediate step before Putin can go ahead with his plan to declare on Friday that they are part of Russia.

  • UN secretary-general warns Russia that annexing Ukrainian regions would mark ‘dangerous escalation’ this would jeopardize the prospects for peace in the region. António Guterres said that any decision to proceed with the annexation of the regions of Donetsk, Luhansk, Kherson and Zaporizhzhia “would have no legal value and should be condemned”.

  • Ukrainian President Volodymyr Zelenskiy warned of a ‘very tough’ response by Ukraine if Russia proceeded with the annexations.

  • There are indications that Russia may limit the movement of Ukrainians living in the occupied territories after announcing their annexation. Ukrainians have been informed that from Saturday they will have to apply for a pass from the occupation authorities. It comes as the exiled regional governor of Lugansk, Serhiy Haidai, said Russia had stopped around 1,000 Ukrainians from crossing the border into Latvia.

  • Russian forces could face ‘imminent defeat’ in key northeast town of Lyman as Ukrainian soldiers continue their counteroffensive in the east of the country, according to a US think tank. The Institute for the Study of War, citing Russian reports, said the defeat would allow Ukrainian troops to “threaten Russian positions along the western Lugansk region”. Alexander Petrikin, the pro-Russian head of the city administration, admitted that the situation had become “difficult” for Russian forces trying to hold the territory.

  • Ukrainian forces secured all of Kupyansk and drove Russian troops from their remaining positions on the east bank of the river that divides the Ukrainian city from the northeast. Most of Kupiansk, a strategic rail hub, was recaptured earlier this month as part of a counter-offensive by Ukrainian troops. AFP reported that Russian troops who resisted on the east bank of the Oskil River were driven out.

  • Finland closes border to Russian tourists after Putin’s partial mobilization order caused a large number of people to flee the country. From Thursday midnight Finnish time (9 p.m. GMT), Russian tourists holding a European Schengen visa will be turned away unless they have a family connection or a compelling reason to travel.

  • More than half of Russians felt fearful or anxious after Putin’s mobilization announcement, according to a new survey. The poll by the independent Levada Center showed that 47% of respondents said they felt anxiety, fear or fear after hearing that hundreds of thousands of troops would be drafted to fight in Ukraine.

  • NATO promised a ‘determined response’ to what it described as ‘deliberate, reckless and irresponsible acts of sabotage’ after the discovery of leaks in the two Nord Stream pipelines. Swedish authorities reported a fourth leak on one of the pipelines. The two leaks in Swedish waters were close to each other.

  • Gas expected to stop leaking from damaged Nord Stream 1 pipeline on Monday, according to the pipeline operator. A The spokesperson for Nord Stream AG said it was not possible to provide any forecasts for the future operation of the pipeline until damages were assessed.

  • The Kremlin said the incidents at Nord Stream pipelines looked like an “act of terrorism”. Kremlin spokesman Dmitry Peskov said a foreign state was likely responsible. The Russian Foreign Ministry claimed that “the incident on the Nord Stream took place in an area controlled by US intelligence services”.

  • European Commission President Ursula von der Leyen has announced an eighth sanctions package – including a sanctions bill seen by the Guardian – designed to “make the Kremlin pay” for escalating war on Ukraine. Hungary “cannot and will not support” the energy sanctions in the package, said Gergely Gulyas, chief of staff to Prime Minister Viktor Orbán. An EU official said an agreement on the next sanctions package was expected before next week’s EU summit, or at least on the main parts of the package.

  • Russia steps up use of Iran-supplied ‘kamikaze’ drones in southern Ukraineincluding against the southern port of Odessa and the neighboring city of Mykolaiv.

  • Oleg Deripaska, one of Russia’s most powerful oligarchs, has been indicted by the US Department of Justice for violating criminal penalties. Deripaska previously had deep ties to figures in the British establishment.

  • ]]>
    Royal Bank of Canada (TSE:RY) receives C$137.00 price target at Barclays https://pivdencombank.com/royal-bank-of-canada-tsery-receives-c137-00-price-target-at-barclays/ Thu, 29 Sep 2022 18:26:53 +0000 https://pivdencombank.com/royal-bank-of-canada-tsery-receives-c137-00-price-target-at-barclays/

    Royal Bank of Canada (TSE:RY – Get a rating) (NYSE:RY) was assigned a price target of CA$137.00 by research analysts at Barclays in a research report delivered to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has an “overweight” rating on shares of the financial services provider. BarclaysThe company’s price target would suggest a potential upside of 10.79% from the company’s current price.

    Other research analysts have also recently published reports on the company. BMO Capital Markets cut its target price on Royal Bank of Canada from C$140.00 to C$132.00 in a report released on Friday, September 2. Argus raised its price target on Royal Bank of Canada to C$157.00 and gave the stock a “buy” rating in a Tuesday, June 7 report. Keefe, Bruyette & Woods raised their price target on Royal Bank of Canada from C$118.00 to C$129.00 in a Friday, September 2 research report. Fundamental Research reissued a “buy” rating and published a price target of C$143.00 on Royal Bank of Canada shares in a research report on Wednesday, September 7. Finally, Scotiabank lowered its price target on Royal Bank of Canada from C$147.00 to C$144.00 in a Thursday, August 18 research report. One analyst gave the stock a sell rating, one issued a hold rating and eleven issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$141.73.

    Royal Bank of Canada Price Performance

    Shares of TSE RY traded lower C$1.06 at midday Thursday, hitting C$123.66. 1,221,446 shares of shares traded in hands, compared to its average volume of 3,831,497. Royal Bank of Canada has a 12-month low of C$118.24 and a 12-month high of 149, $60 CAD. The company has a market cap of C$172.10 billion and a PE ratio of 11.29. The company has a 50-day simple moving average of C$125.42 and a 200-day simple moving average of C$129.23.

    Insider Trading at Royal Bank of Canada

    Separately, director David Ian Mckay sold 4,078 shares of the company in a deal that took place on Friday July 22. The stock was sold at an average price of C$124.42, for a total value of C$507,400.66. As a result of the transaction, the administrator now owns 5,873 shares of the company, valued at C$730,741.56. Insiders sold 12,234 shares of the company worth $1,536,137 in the past 90 days.

    About Royal Bank of Canada

    (Get a rating)

    Royal Bank of Canada is a globally diversified financial services company. The Company’s Personal and Commercial Banking segment offers checking and savings accounts, home equity financing, personal loans, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, commercial products and services to small and medium commercial enterprises.

    Recommended Stories

    Analyst Recommendations for Royal Bank of Canada (TSE:RY)

    This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

    Before you consider Royal Bank of Canada, you’ll want to hear this.

    MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes viral…and Royal Bank of Canada wasn’t on the list.

    While Royal Bank of Canada currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

    See the five actions here

    Individual investors among major shareholders of Launch Tech Company Limited (HKG:2488) saw the value of their holdings increase after shares jumped 13% last week https://pivdencombank.com/individual-investors-among-major-shareholders-of-launch-tech-company-limited-hkg2488-saw-the-value-of-their-holdings-increase-after-shares-jumped-13-last-week/ Thu, 29 Sep 2022 01:32:26 +0000 https://pivdencombank.com/individual-investors-among-major-shareholders-of-launch-tech-company-limited-hkg2488-saw-the-value-of-their-holdings-increase-after-shares-jumped-13-last-week/

    To get an idea of ​​who really controls Launch Tech Company Limited (HKG:2488), it is important to understand the ownership structure of the company. And the group that holds the biggest slice of the pie are individual investors with 57% ownership. That is, the group will benefit the most if the stock goes up (or lose the most if there is a downturn).

    As a result, individual investors collectively achieved the highest score last week, with the company reaching a market capitalization of HK$1.1 billion after a 13% gain in the stock.

    Let’s dive deeper into each Launch Tech owner type, starting with the table below.

    Before looking at the breakdown of owners, note that our analysis indicates that 2488 is potentially undervalued!

    SEHK: 2488 Ownership Breakdown September 29, 2022

    What does the lack of institutional ownership tell us about Launch Tech?

    Small companies that are not very actively traded often lack institutional investors, but it is less common to see large companies without them.

    There are several explanations why institutions do not own stocks. The most common is that the business is too small relative to the funds under management, so the institution doesn’t bother to look closely at the business. On the other hand, it’s always possible for professional investors to avoid a company because they think it’s not the best place for their money. Institutional investors may not find the company’s historic growth impressive, or there may be other factors at play. You can see Launch Tech’s past revenue performance, for yourself, below.

    SEHK: 2488 Earnings and Revenue Growth September 29, 2022

    Launch Tech is not a hedge fund. The company’s CEO, Xin Liu, is the largest shareholder with 18% of the outstanding shares. With 14% and 11% of the outstanding shares respectively, Shenzhen Langqu Technology Development Company Limited and Shenzhen De Shi Yu are the second and third largest shareholders.

    Our studies suggest that the top 7 shareholders collectively control less than half of the company’s shares, which means that the shares of the company are widely distributed and there is no dominant shareholder.

    While it makes sense to study data on a company’s institutional ownership, it also makes sense to study analyst sentiment to find out which way the wind is blowing. Our information suggests there is no analyst coverage of the stock, so it is likely little known.

    Launch Tech Insider Property

    The definition of an insider may differ slightly from country to country, but board members still matter. Management is ultimately responsible to the board of directors. However, it is not uncommon for managers to be members of the management board, especially if they are founders or CEOs.

    Insider ownership is positive when it signals that executives think like the true owners of the company. However, strong insider ownership can also give immense power to a small group within the company. This can be negative in certain circumstances.

    It appears that insiders hold a large share of Launch Tech Company Limited. Insiders hold a HK$204 million stake in the HK$1.1 billion venture. It’s great to see insiders so invested in the company. It might be worth checking to see if these insiders have bought recently.

    General public property

    The general public – including retail investors – owns 57% of Launch Tech. This level of ownership gives mainstream investors some power to influence key policy decisions such as board composition, executive compensation and dividend payout ratio.

    Private Company Ownership

    We can see that private companies hold 25% of the issued shares. It might be worth exploring this further. If related parties, such as insiders, have an interest in any of these private companies, this should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

    Next steps:

    I find it very interesting to see who exactly owns a company. But to really get insight, we also need to consider other information. For example, we have identified 1 warning sign for Launch Tech of which you should be aware.

    Sure this may not be the best stock to buy. So take a look at this free free list of interesting companies.

    NB: The figures in this article are calculated using trailing twelve month data, which refers to the 12 month period ending on the last day of the month the financial statements are dated. This may not be consistent with the annual report figures for the full year.

    This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

    Valuation is complex, but we help make it simple.

    Find out if Launch Technology is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

    See the free analysis

    Turkey bows to US pressure, cuts ties with Russian banks – Kyiv Post https://pivdencombank.com/turkey-bows-to-us-pressure-cuts-ties-with-russian-banks-kyiv-post/ Wed, 28 Sep 2022 10:01:32 +0000 https://pivdencombank.com/turkey-bows-to-us-pressure-cuts-ties-with-russian-banks-kyiv-post/

    Turkey’s booming wartime trade with Moscow took a giant leap on Wednesday with confirmation that the last three banks still processing Russian card payments were pulling out under pressure from Washington.

    The decision follows weeks of increasingly blunt warnings from the United States to NATO member Turkey either to limit its economic relations with Russia or face the threat penalties itself.

    The US Treasury said last week that Turkish banks working with Russian Mir bank cards “risk supporting Russia’s efforts to evade US sanctions”.

    Two Turkish private lenders who began dealing with Mir after Turkish President Recep Tayyip Erdogan met his Russian counterpart Vladimir Putin in August suspended transactions earlier this month.

    But three public lenders – Halkbank, Vakifbank and Ziraatbank – were still working with the cards.

    A senior Turkish official did not say when Russians would no longer be able to access their cards in Turkey at all.

    The three banks are “still processing (overdue payments), but they have set a future date” to withdraw, the official said on condition of anonymity because no formal decision from the three banks has been announced.

    The decision follows an Erdogan-led meeting last Friday that formally focused on finding “alternatives” to Russian cards.

    – Change of tone –

    The explosion of Turkish trade with Russia during the seven-month war in Ukraine has been a growing source of irritation for Washington.

    The value of trade between the two has increased by more than 50%. Turkey has also agreed to pay for a quarter of its Russian natural gas imports in roubles.

    US Assistant Treasury Secretary Wally Adeyemo paid a rare visit to Ankara and Istanbul in June to voice Washington’s concerns that Russian oligarchs and big business are using Turkish entities to evade Western sanctions.

    The Treasury sent a follow-up letter to Turkish banks and businesses in August warning them that they cannot expect to have “access to the US dollar and other major currencies” if they trade with sanctioned Russians.

    Turkey tried to remain neutral in the Ukrainian conflict and refused to endorse Western sanctions against Russia.

    He has used that status to seal a series of economic deals that have helped prop up the struggling economy ahead of June elections in which Erdogan will struggle to extend his two-decade grip on power.

    Mir cards offer millions of Russians who vacation in Turkey every year a way to access their rubles and pay for everything from restaurants to hotels.

    They are also increasingly important to Russians fleeing to Turkey as part of a new wave of male migration trying to avoid conscription.

    But analysts note a change in Turkey’s tone vis-à-vis Russia in recent weeks.

    Ankara strongly condemned last week the “illegitimate” polls that the Kremlin is using as a pretext to annex four Ukrainian regions now under partial Russian control.

    – ‘Fear of secondary sanctions’ –

    Prominent Russian sanctions activist Bill Browder – a businessman who left Moscow after one of his associates died in prison – said the Turkish bank’s decision showed that “fear of secondary sanctions is starting to creep in.” function”.

    “Turkish banks abandoned Putin’s Mir payment system for fear of punishment by the US,” Browder tweeted.

    “We need to deploy this far and wide. The Chinese, the Indian Arab Emirates and many other countries should understand that there will be consequences.

    Russia developed Mir in 2015 to circumvent Western sanctions imposed following its annexation of Ukraine’s Crimean peninsula.

    But the head of Russia’s central bank, Elvira Nabiullina, acknowledged earlier this month that Moscow was having “difficulties” in expanding its payments system around the world.

    Uzbekistan suspended Mir transactions last Friday citing unspecified “technical procedures”.

    The card still works in Belarus and a handful of Russia’s closest allies.

    Visa and Mastercard no longer issue new cards in Russia or process foreign payments on cards acquired before the war.

    Stifel and Korea Investment & Securities form partnership https://pivdencombank.com/stifel-and-korea-investment-securities-form-partnership/ Wed, 28 Sep 2022 02:30:00 +0000 https://pivdencombank.com/stifel-and-korea-investment-securities-form-partnership/

    ST. LOUIS and SEOUL, South Korea, Sept. 27, 2022 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) and Korea Investment & Securities Co., Ltd. (KIS), a subsidiary of Korea Investment Holdings, today announced the formation of a major leveraged loan joint venture, SF Credit Partners.

    At the same time, Stifel and KIS have entered into a strategic collaboration, whereby each company will leverage the other’s extensive capabilities and regional market expertise. The strategic collaboration and the joint venture are subject to pending regulatory approvals.

    “Over the past few years, Stifel has significantly broadened its focus on the vibrant private equity community, both as an advisor and lender to financial sponsors and their portfolio companies,” said the CEO of Stifel. Stifel, Ronald J. Kruszewski. “We are delighted to launch SF Credit Partners with Korea Investment & Securities. This joint venture is an innovative source of additional capital, enabling us to increase commitment capacity and provide enhanced leveraged finance product capabilities and lending solutions to our finance sponsor and corporate clients. . This joint venture anchors a broader strategic collaboration with KIS, a unique relationship that will benefit each company and our respective customers.

    “Seizing opportunities in the US market is a key part of KIS’ long-term growth strategy,” said Namgoo Kim, Chairman and CEO of Korea Investment Holdings. “In Stifel, we have found the perfect partner for this effort. Strategic collaboration with Stifel enables both KIS and Stifel to better serve customers and expands each company’s reach into new markets. This significant investment of capital and talent will build on our 2021 opening of our offices in New York, and our creation with Stifel of SF Credit Partners demonstrates our determination to build a sustainable profit center in the United States.

    Founded in 1890, Stifel is a US-based, full-service international investment bank with extensive capabilities across all commodities and industry sectors. Stifel operates a substantial fixed income platform, including distribution, research and capital markets for leveraged lending and high yield. Additionally, Stifel is one of the largest equity underwriters and equity research providers in the United States and acts as a leading M&A advisor in public and private transactions.

    KIS is one of the largest securities houses in Korea and ranks first among IPO issuers in the country. KIS provides extensive investment banking, alternative investment, investment management, high net worth advisory and startup support services.

    GreensLedge Capital Markets LLC and GreensLedge Korea Ltd. advised the parties to this joint venture and strategic collaboration. KBW, a Stifel company, also advised Stifel. Dechert LLP and White & Case LLP provided legal and regulatory advice to Stifel and KIS, respectively.

    Company information Stifel

    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, which conducts its banking, securities and financial services businesses through several wholly owned subsidiaries. Stifel’s brokerage clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its trading division Eaton Partners; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC. The Company’s affiliate brokers provide securities brokerage, investment banking, trading, investment advisory and related financial services to individual investors, professional fund managers, corporations and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of personal and corporate lending solutions. Stifel Trust Company, NA and Stifel Trust Company Delaware, NA provide trust and related services. To learn more about Stifel, please visit the company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

    Korean Investment Securities Information

    Korea Investment & Securities Co., Ltd. (KIS, unlisted company) is a major subsidiary of Korea Investment Holdings (KIH, listed on KRX) which is a Korean non-bank financial holding company providing the following financial services through its subsidiaries; securities, asset management, savings banking, credit finance, venture capital, private equity, real estate trust, hedge fund management and accelerator. KIS was reformed in June 2005 when the company merged with Dongwon Securities. The former Korea Investment & Trust Co., Ltd. (KITC) was Korea’s leading distributor of investment trust products, while Dongwon Securities was one of Korea’s leading securities brokerage firms. With the merger, KIS became a central subsidiary within KIH and one of the leading securities companies in Korea with 72 branches, 7 overseas subsidiaries, 2 overseas offices and 2,908 employees (as of end June 2022). The company’s highly diversified profit model generates balanced earnings across all segments of its business, from brokerage and asset management to investment banking and trading. KIS also maintained its leading position in the Korean capital market. Dedicated to building a solid foundation for growth, its ultimate goal is to become Asia’s premier financial company by enhancing its business competitiveness at home and abroad and continuously promoting risk management, digital innovation and overseas expansion. For more information about KIS, please visit the company’s website at Securities.koreainvestment.com/eng/main.jsp

    Stifel Contacts

    Neil Shapiro, +1 (212) 271-3447

    Investor Relations:
    Joel Jeffrey, +1 (212) 271-3610

    SIC contacts

    Lee Ji Hoon, +82-2-3276-4155

    Investor Relations:
    Sang Hoon Kang +82-10-9162-8062

    ]]> Brickflow launches loan sourcing and consolidation platform for brokers https://pivdencombank.com/brickflow-launches-loan-sourcing-and-consolidation-platform-for-brokers/ Tue, 27 Sep 2022 07:17:14 +0000 https://pivdencombank.com/brickflow-launches-loan-sourcing-and-consolidation-platform-for-brokers/

    “By giving brokers and their clients instant access to development funding, they can quickly determine if a site is viable, saving all parties countless hours of time.”

    Once a broker registers as a Brickflow user and enters developer project details, the platform sources loans from over 40 lenders within two minutes.

    Using proprietary algorithms and researching over 120 data points from each lender, Brickflow matches the right development finance options to the project, returning instant results.

    Once the preferred loan is selected, the platform makes it easy to upload data and documents that lenders can be invited to log in and view.

    With Brickflow, credit approval is between 48 and 72 hours (its record is 4.5 hours).

    Designed in conjunction with development finance lenders such as Shawbrook, United Trust Bank, Paragon and Barclays, the conversion rate from term leaders to loan is over 90%, taking an average of six to eight weeks.

    Loan offers range from £150,000 to £150m for residential, commercial and mixed-use new build, conversion and permitted development projects.

    Brokers using the platform retain 100% commission on each loan made; Brickflow simply charges a flat fee of £35 per user per month.

    Brickflow also offers brokers a white label solution. Brokers can upload their company logo and contact information so borrowers see the software as the broker’s.

    Once the top 150 brokerage firms complete their reviews on the platform, Brickflow will launch to the entire brokerage marketplace in approximately two months.

    Brickflow co-founder and CEO Ian Humphreys commented: “This indispensable industry tool is a game-changer for brokers who have historically suffered from a lack of choice as well as difficulties in finding the best development finance loans for their clients. Our revolutionary technology saves brokers money. time and money; it’s fast, efficient, insightful and transparent, providing brokers with an unparalleled range of development finance solutions and access to a significant revenue stream.

    “Brickflow also helps brokers with the compliance process, by storing all research and borrower information in the cloud, allowing them to document and prove why a particular solution is recommended.

    “By giving brokers and their clients instant access to development funding, they can quickly determine if a site is viable, saving all parties countless hours of time. Lenders are especially grateful because the system easily guides users through the information needed to issue loan terms. This means beginners as well as expert brokers can use Brickflow.

    “A well-known high street lender recently noted that Brickflow allows him to typically offer loan terms in 30-40 minutes instead of three weeks of back and forth to gather the information he needs.”

    Takeda Hires Real Chemistry’s Molly Rabinovitz Stock as US Business Unit Storyteller https://pivdencombank.com/takeda-hires-real-chemistrys-molly-rabinovitz-stock-as-us-business-unit-storyteller/ Mon, 26 Sep 2022 21:41:32 +0000 https://pivdencombank.com/takeda-hires-real-chemistrys-molly-rabinovitz-stock-as-us-business-unit-storyteller/

    DEERFIELD, MA: Takeda has hired Molly Rabinovitz Stock as the US business unit storyteller.

    “There’s nothing better than having the chance to work alongside people I’ve loved working with in an agency for the past seven years and for a company I truly admire,” Stock said. through LinkedIn.

    She could not be reached for further comment.

    “I look forward to helping Takeda and the USBU continue to fulfill its mission to bring better health and a brighter future,” Stock added.

    Prior to joining Takeda, Stock spent over 14 years at Real Chemistry. Most recently, she served as practice leader, managing multimillion-dollar accounts in the pharmaceutical industry, according to her LinkedIn account.

    “We thank [Stock] for his valuable contributions to our team during his tenure at Real Chemistry, and we wish him the best in this new chapter. We are happy to be able to continue working with her; it will now be in its new role as one of our customers,” a Real Chemistry spokesperson said. The spokesperson added that Real Chemistry is “always on the lookout for great talent” as it continues to grow and develop.

    Stock also worked at GolinHarris, before the company was renamed Golin, Northwestern Memorial Hospital and Edelman.

    Based in the United States in Deerfield, Takeda also has another Massachusetts office in Cambridge, as well as locations in San Diego, New York and Minneapolis. Takeda is focusing its research and development on oncology, rare genetics and hematology, neuroscience and gastroenterology, as well as targeted investments in plasma-derived therapies and vaccines, it said in a statement.

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