Posts – Page 3 – Black Umbrella Finance

05 Aug 24

IMF approves $71 million disbursement

The Executive Board of the IMF completed Wednesday the Fourth and Fifth Reviews of Niger’s economic and financial program supported by the Extended Credit Facility…

22 Jul 24

New World touts US$4.5 bn in loans, debt payments since January as proof of funding health

New World Development (NWD), the conglomerate owned by one of Hong Kong’s wealthiest families, said it has completed around HK$35 billion (US$4.5 billion) in “low-interest…

22 Jul 24

US private equity firm Stonepeak to acquire New Zealand’s Arvida Group in $746 million deal

U.S.-based private equity firm Stonepeak said it would buy New Zealand’s Arvida Group (ARV.NZ), opens new tab for NZ$1.24 billion ($745.74 million) excluding debt, sending the aged…

22 Jul 24

US regulator privately finds weak risk-management at half of large banks, Bloomberg reports

A top U.S. bank regulator’s confidential assessments found 11 of the 22 large banks it supervises have “insufficient” or “weak” management of a broad swath…

19 Jul 24

US regional banks’ Q2 profits squeezed by deposit costs, tepid loan demand

Several U.S. mid-sized and regional banks reported a fall in their second-quarter profit, as income from charging customers interest was squeezed by higher deposit costs…

19 Jul 24

Regions Financial’s quarterly profit falls on lower interest income

Regions Financial (RF.N), opens new tab reported a 14% fall in its second-quarter profit on Friday, as the lender earned less from customers’ interest payments. Some customers…

18 Jul 24

Hong Kong family office operators plan US$100 million capital-investment migrants fund

Hong Kong’s cash-for-residency scheme has opened up opportunities for local family office operators, with many joining hands to launch a US$100 million fund to manage…

Goldman Sachs Opens Up an Investment Strategy Once Reserved for the Wealthy

July 18, 2024

Goldman Sachs GS -0.17%decrease; red down pointing triangle is turning to Main Street investors to boost its fee revenue. The bank plans to offer some of the sophisticated investment…

18 Jul 24

Big central banks are starting to cut rates, slowly

The move to ease monetary policy among major central banks is proving much slower than the race to jack up interest rates from late 2021…

18 Jul 24

Some G20 financial regulators overlooking risks linked to nature loss, watchdog says

Financial regulators and supervisors in some G20 countries are overlooking the risks posed by biodiversity loss and deforestation because of insufficient data, focusing instead on…