MONTCLAIR, NJ–(BUSINESS WIRE)–March 15, 2022– Less than a year after launching its platform to make it easier for wealth/asset managers to purchase commercial insurance and protect their businesses, AiK2 Insurance Services (AiK2) now has a list of 80 clients and a total of insured assets of more than $40 billion. …
Read More »Google Takes Advantage of ‘Predatory’ Lending Ads Promising Instant Money | google
Google profits from ads promoting ‘instant’ money and loans delivered ‘faster than pizza’ despite pledging to protect users from ‘deceptive and harmful’ financial products. The adverts were shown to people in the UK who searched for terms such as “quick money now” and “need financial help” and directed users to …
Read More »Steward Partners Global Advisory welcomes Ramapo Wealth Advisors, a $600 million New Jersey-based team
WASHINGTON, March 8, 2022 /PRNewswire/ — Steward Partners Global Advisory, LLC, an independent, full-service, employee-owned partnership associated with Raymond James Financial Services, Inc. (Member FINRA/SIPC), welcomes its new partner firm, Ramapo Wealth Advisors, based at Ramsey, New Jersey. The five-person team, formerly at Wells Fargo and managing $600 million in …
Read More »Why You (and I) Should Appoint a “Trusted Contact”
March 04, 2022, 2:30 p.m.Updated 1 hour ago By: NerdWallet For the past few years, financial services companies have asked me to appoint a “trusted contact”. Banks, brokers and insurers increasingly want to have someone to call or email in case they notice suspicious activity and cannot reach the account …
Read More »Sri Lankan American investor Palihapitiya faces legal action against insurance company he made public, judge rules
Sri Lankan American businessman and investor Chamath Palihapitiya and executives of Clover Health Investments, which he went public with last year, face a lawsuit that claims he misled investors. U.S. District Judge Aleta Trauger in Nashville declined to dismiss the case on March 1, “allowing investors to pursue allegations that …
Read More »These 3 Housing Markets at Highest Risk of COVID-Related Downturn, Says ATTOM Report
Some housing markets are at higher risk of a downturn than others in the United States, as homeowners owe more on their homes than they are worth, and incomes are used to pay a higher percentage of housing costs. (iStock) Three states have housing markets at highest risk of downturn …
Read More »NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES THE APPOINTMENT OF MARSHALL LUX TO ITS BOARD OF DIRECTORS
HICKSVILLE, NY, February 28, 2022 /PRNewswire/ — New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company” or “NYCB”) today announced the appointment of Marshall Lux – a prominent and highly regarded professional in the financial services industry – to the Boards of Directors of the Company and its principal banking …
Read More »District Court Upholds OCC and FDIC Rules on ‘Performance Date Validity’ | Skadden, Arps, Slate, Meagher & Flom LLP
On February 8, 2022, a federal district court in California issued two opinions, granting summary judgment to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) and dismissing challenges from eight states (plaintiffs ) that the agencies’ “good when made” rules facilitated predatory …
Read More »Unemployment financial services money trumpet provides assistance to people with bad credit
/EIN News/ — London, Feb. 15 2022 (GLOBE NEWSWIRE) — London, England – Financial services company Money Trumpet has published an article which details some of the ways people with bad credit in the UK can become eligible for financial assistance to cover unavoidable emergency expenses. The blog post states …
Read More »Josh Gottheimer unveils stablecoin bill
Rep. Josh Gottheimer, Co-Chair, Problem Solvers Caucus (D-NJ). Adam Jeffrey | CNBC New Jersey Rep. Josh Gottheimer on Tuesday unveiled a first bill to place definitions around stablecoins, which critics say are susceptible to manipulation, bad actors and collapsing due to insufficient reserve capital. A draft discussion released Monday by …
Read More »Myths and the 2022 movement
Every day, some advisers choose to put on a new jersey or take the leap to independence. And in an industry that has exploded with options over the past few years, it’s no surprise the movement continues to break records. Yet despite all the activity, advisors who are on the …
Read More »Cannabis banking legislation passes the House. Booker and other defenders have fairness concerns.
EDITOR’S NOTE: NJ Cannabis Insider, NJ.comThe B2B Cannabis Industry Business Journal and Vertical Events, is hosting a business meeting on February 17 in Jersey City. Tickets are limited. Legislation allowing banks to offer credit cards, checking accounts and other financial services to legal cannabis businesses passed the US House on …
Read More »Hartford unit defeats virus lawsuit from NJ law firm
By Hope Patti (February 4, 2022, 7:32 PM EST) – A New Jersey state court filed a law firm’s lawsuit against a Hartford unit for coverage of pandemic-related losses , saying the Garden State company did not suffer any direct physical loss or damage that would trigger coverage. Judge Robert …
Read More »HORTON DR INC /DE/ MANAGEMENT REPORT OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-Q)
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes included in this quarterly report and with our annual report on Form 10-K for the fiscal year ended September 30, 2021. Some of the …
Read More »Insurers could get lower rates on liquidity with bills in five states
Many players in the insurance industry may consider the Federal Home Loan Bank as an agency that facilitates affordable home mortgages. The system, founded at the end of the Herbert Hoover administration to support community investment, is that. But it also lends to member insurance companies that may need help …
Read More »Missouri Small Business Loans | Navigation
More than half a million small businesses call Missouri home and in turn employ some 1.2 million Missourians according to the SBA Advocacy Office. Small business loans are essential for many new and existing businesses, as well as those struggling to survive the challenges posed by the coronavirus pandemic. If …
Read More »Housing rebound examined at HGAR event
New York’s resilience and the rebound of the real estate market in the city as well as throughout the Hudson Valley came under scrutiny in a webinar produced by the Hudson Gateway Association of Realtors (HGAR) in the series “Getting the Deal Done”. HGAR CEO Richard Haggerty said: “We ended …
Read More »nCino Completes Acquisition of Mortgage Software Provider
SimpleNexus, a provider of homeownership software, is officially part of nCino. The Wilmington-based financial institution software company announced Monday that its acquisition of SimpleNexus is complete. The transaction, announced in November, was valued at $ 1.2 billion and consisted of approximately 12.75 million nCino common shares and approximately $ 270 …
Read More »Bank Reconciliation Software Market Size, Scope, Forecast to 2029
New Jersey, United States, – The latest report published by Verified Market Reports shows that the Bank Reconciliation Software Market should experience a sustained pace in the years to come. Analysts looked at market drivers, restrictions, risks and openings in the global market. The Bank Reconciliation Software report shows the …
Read More »OceanFirst Financial Corp. (NASDAQ: OCFC) In view of the consensus recommendation of “buy” by analysts
Shares of OceanFirst Financial Corp. (NASDAQ: OCFC) have received a consensus recommendation to “Buy” by the eight rating companies that cover the stock, Marketbeat reports. One analyst rated the stock with a hold recommendation, five gave a buy recommendation, and one issued a strong buy recommendation on the company. The …
Read More »Here’s how bankers can confidently work with the cannabis industry
Opinions expressed by Contractor the contributors are theirs. The challenges of high-risk banking businesses are not new to financial institutions. But the hurdles of banking the cannabis industry, which is still federally illegal, add a whole new element of challenges. Getting an open banking relationship for cannabis companies isn’t easy. …
Read More »93% of payday loan borrowers regret taking out their loans, survey finds
Payday loans can be a debt trap for borrowers who cannot afford to make payments. Here’s how you can pay off your payday loan balance before it goes to debt collectors. (iStock) Payday lenders prey on borrowers with bad credit who are in desperate need of cash, trapping them in …
Read More »Zacks: Brokerage firms expect Provident Financial Services, Inc. (NYSE: PFS) to post earnings per share of $ 0.47
Wall Street brokerages expect Provident Financial Services, Inc. (NYSE: PFS) to report earnings of $ 0.47 per share for the current quarter, Zacks investment research reports. Three analysts estimated Provident Financial Services earnings, with the lowest EPS estimate being $ 0.45 and the highest estimate being $ 0.51. Provident Financial …
Read More »M&T Bank Corporation – Consensus indicates potential rise of 7.5%
M&T banking company found using ticker (MTB) now have 17 total analysts covering the stock. The consensus rating is âBuyâ. The range between the high target price and the low target price is between 201 and 158.65, with the average target price being 173.92. Given that the previous close of …
Read More »RBC Capital Sticks to its Buy Rating for Provident Financial Services by Investing.com
RBC Capital analyst Steven Duong maintained a buy rating on Provident Financial Services (NYSE 🙂 on Tuesday, setting a price target of $ 27, or about 8.13% above the current price of the ‘share of $ 24.97. Duong expects Provident Financial Services to post earnings per share (EPS) of $ …
Read More »Ion Bank and Lincoln 1st Bank announce merger agreement
Receive instant alerts for news on your actions. Claim your 1-week free trial for Street Insider Premium here. Ion Bank to expand its footprint in New Jersey NAUGATUCK, CT and PINE BROOK, NJ / ACCESSWIRE / November 23, 2021 / Ion Financial, MHC, Connecticut-based, parent company of Ion Bank, and …
Read More »Valley National Bancorp – Consensus Says Potential 6.7% Hike
National Bank of the Valley with ticker code (VLY) now have 9 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The target price varies between 17 and 14 by calculating the average target price that we see 15.39. Given that the shares’ previous close was at 14.43, this …
Read More »Liberty Union Mortgage Team Helps Homebuyers Bid Over Other Deals As Post-Pandemic Real Estate Market Continues To Soar
Jason Solowsky, Branch Manager Jason Solowsky, Branch Manager for the Liberty Union Team Jason Solowsky, Branch Manager for the Liberty Union Team NORTH ARLINGTON, NJ, Nov. 20, 2021 (GLOBE NEWSWIRE) – The United States is temporarily emerging from the worst of the coronavirus pandemic, and the real estate market has …
Read More »LendingClub Endorses Small Business Truth in US House and Senate Loan Bill
SAN FRANCISCO, November 18, 2021 / PRNewswire / – LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, the leading digital marketplace bank in the United States, approved a bill introduced today in United States House and Senate that would extend the transparency standards of the federal Lending Truth …
Read More »Business Owned Life Insurance Market Size by Major Companies, Trends by Types and Applications, Forecast to 2028 | Allianz, AXA, Nippon Life Insurance, American Intl. Group
New Jersey, United States, – This business life insurance market report study describes a productive and motivated industry as well as a market prognosis. Industry players would be able to make smart decisions based on the results of the study. Overall, research is a useful tool in establishing a competitive …
Read More »Finastra partners with Hexaware to speed up digital payments for certain European banks
LONDON, November 10, 2021 / PRNewswire / – Finastra today announced its partnership with Hexaware Technologies (Hexaware) to provide managed services for Finastra payment solutions deployed in the cloud. This decision helps Hexaware customers to Germany, Belgium, the United Kingdom and Ireland take ownership of their payment infrastructure. The partnership …
Read More »Cross River Acquires Small Business Software Provider Betterfin
November 2, 2021 Cross River Bank, the Fort Lee-based technology-driven financial services organization, announced the acquisition of Betterfin, a financial platform that provides small business owners with access to a wide range of products and services. financial solutions, capital market data and manage their own loans. and cash flow processes. …
Read More »Minority cannabis owners say federal banking bill should pass even without social justice provisions
EDITOR’S NOTE: NJ Cannabis Insider is co-hosting a Cannabis Career and Business Fair on November 17 at the University of Stockton. Tickets here. To get banking services for her cannabis delivery business, Precious Osage-Erese, COO of Roll Up Life in East Orange, said she had to drive two hours to …
Read More »Advisor Group Successfully Recruits Seven Financial Advisors With Assets Totaling $ 412 Million In Mountain West, Western US
Advisors join Via Advisor Group Royal Alliance subsidiary and Super-OSJ Pacific Capital Resource Group in Bellevue, Washington Posted: October 14, 2021 at 6:00 a.m. EDT|Update: 29 minutes ago PHOENIX, October 14, 2021 / PRNewswire / – Advisor Group, the largest national network of independent wealth management firms, today announced the …
Read More »Malvern (MLVF) drops 0.82% to close at $ 16.90 on October 13
Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange MLVF – Market data and news To exchange Shares of Malvern Bancorp Inc …
Read More »Caldwell Fills Technology Positions for Concentra Bank
October 13, 2021 – Drew Railton and Adam Cotterall of Caldwell recently hired Dave Baldarelli as Chief Digital Officer and Wendy Murphy as Chief Technology and Operations Officer at Concentra Bank. Mr. Baldarelli is a motivational leader with a demonstrated ability to guide an organization through innovation and in-depth business …
Read More »Fire insurance market could create epic growth story with Allianz, AXA and MetLife
The latest research on ‘Global Fire Insurance Market Report 2021′ offered by HTF MI provides a comprehensive survey on the geographic landscape, industry size as well as the estimated revenue of the company. Further, the report also highlights the challenges hampering the market growth and expansion strategies employed by the …
Read More »Mortgage Lender Market Size 2021, Strategic Analysis of Major Key Players
Sample download request Request a discount Company Profile New Jersey, United States, – The Mortgage Lenders Market report provides a brief overview of the segments and sub-facilities including product types, applications, players, and regions that serve key aspects of the market. The report focuses on the impact of CoVID-19 on …
Read More »Insurers have easy access to critical court information
JERSEY CITY, NJ, October 07, 2021 (GLOBE NEWSWIRE) – Court rulings can have a profound impact on insurance companies, affecting everything from the types of exposures insurance companies are willing to insure to strategies reserve allocation and claims management. The verdicts associated with these court decisions can vary widely depending …
Read More »Prudential Financial Aligns Individual and Institutional Retirement Capabilities to Form New Business Prudential Retirement Strategies | Your money
NEWARK, NJ – (BUSINESS WIRE) – October 4, 2021– Prudential Financial, Inc. (NYSE: PRU) today announced the creation of Prudential Retirement Strategies, a new US company that will meet the retirement needs of individual and institutional clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211004005604/en/ Yanela Frias, …
Read More »New York Community Bancorp, Inc. Joins MDI Innovation Committee to Help Modernize Technology in Minority Depository Institutions
HICKSVILLE, NY, September 30, 2021 / PRNewswire / – New York Community Bancorp, Inc. (NYSE: NYCB) (the âCompanyâ) today announced that it has joined the new Minority Depository Institutions Innovation Committee (the âCommitteeâ) . The committee will serve as a vital avenue for modernizing the technological capabilities of minority depositories, …
Read More »Verisk enters into new collaboration with insurance regulators
JERSEY CITY, NJ, September 29, 2021 (GLOBE NEWSWIRE) – Insurers looking to improve their operations, develop personalized products and comply with state regulations can now benefit from a new collaboration between Verisk (Nasdaq: VRSK) , a global leading data analytics provider and Insurance Regulatory Consultants (IRC), a full service filing …
Read More »ConnectOne Bancorp (NASDAQ: CNOB) demoted by Zacks Investment Research to “Hold”
ConnectOne Bancorp (NASDAQ: CNOB) has been downgraded from Zacks investment research from a âbuyâ note to a âkeepâ note in a research note published on Tuesday, Zacks.com reports. According to Zacks, âConnectOne Bancorp, Inc. is a full-service, community-based commercial bank holding company. The Bank offers a range of loan, deposit …
Read More »Parke (PKBK) drops 0.18% to high volume on September 27
Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange PKBK – Market data and news To exchange Parke Bancorp Inc (NASDAQ: PKBK), …
Read More »Bill to end federal marijuana ban to be drafted by House committee on Wednesday
On Wednesday, a key House committee will draft a bill ending the federal cannabis ban, a second attempt to let states decide whether to legalize marijuana and provide aid to communities ravaged by the war against cannabis. drug. The House Judiciary Committee will pass the Marijuana Opportunity Reinvestment and Expungement …
Read More »Here’s what NJ gets from the Defense Policy Bill just passed by the US House
Funding for the McGuire-Dix-Lakehurst and Picatinny Arsenal Joint Base – and several companies with facilities in New Jersey working on Pentagon contracts – has been included in annual legislation setting defense policy for the next 12 months. passed by the United States House on Thursday. The National Defense Authorization Act …
Read More »Low interest rate environment sparks high interest in compensatory mortgages
(31712734) CURRENT low interest rates mean it can be difficult to get the most out of your savings. The Bank of England’s announcement in early August that it was keeping its key rate at 0.1% came as no great surprise, but was not good news for those looking for good …
Read More »WSFS Bank Launches Digital Personal Loan Platform Powered by Upstart
Partnership gives clients easier access to loan products tailored to their needs WILMINGTON, Del. and SAN MATEO, Calif., September 21, 2021 (GLOBE NEWSWIRE) – WSFS Bank, the principal subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced the launch of a digital personal loan product powered by Upstart, (NASDAQ: UPST), …
Read More »Wall Street was once the home of the big banks. September 11 led to a radical reinvention
Wick Simmons, the former CEO of Nasdaq, started working on Wall Street in Lower Manhattan after graduating from business school in 1966. Today, he barely recognizes the neighborhood. âWall Street, as I knew it, is gone,â says Simmons. For centuries, Wall Street has been home to the world’s largest banks. …
Read More »She almost died on September 11. How an NJ survivor found purpose after years of suffering.
Twenty years later, Donna Spera remains an open wound. Spera has lived more than 7,300 days since September 11, 2001. But the weather did not allow her to escape this late summer morning. The sudden impact of the plane. His dying colleagues. A miracle escape in 78 flights of stairs. …
Read More »Validea Motley Fool Strategy Daily Upgrade Report – 8/9/2021
THere are today’s updates for Validea’s small-cap growth investor model based on Motley Fool’s published strategy. This strategy seeks small cap growth stocks with strong fundamentals and strong price performance. ESQUIRE FINANCIAL HOLDINGS INC (ESQ) is a small capitalization security in the Regional Banks sector. The rating according to our …
Read More »Trustco Bank (TRST) drops 0.69% to high volume on September 3
Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange TRST – Market data and news To exchange Trustco Bank Corp. (NASDAQ: TRST), …
Read More »Reverse Mortgage Financing Lowers Age Requirements to 55+ for Its Proprietary Reverse Mortgage Product, Equity Elite (R)
Gen Xers can now qualify for reverse mortgages with this lower minimum age requirement BLOOMFIELD, NJ / ACCESSWIRE / September 1, 2021 / Reverse mortgage financing, LLC (RMF), one of the nation’s leading reverse mortgage lenders, today announced a significant enhancement to its proprietary reverse mortgage product, Equity Elite®. The …
Read More »Optimum Financial and Tax Services offers comprehensive auto insurance in Rahway, New Jersey
Elizabeth, New Jersey – (ReleaseWire) – 06/08/2021 – Optimum Financial and Tax Services offers various financial services related to taxes, accounting and risk management. With them, people can invest in affordable long-term care, auto and life insurance plans by Rahway, New Jersey. All car owners should invest in a good …
Read More »3 Best Stocks to Buy in the Thriving Savings & Credit Industry – August 6, 2021
Zacks’ savings and lending industry is likely to continue to register high creations, benefiting from low mortgage rates and strong housing demand. In addition, improving economy, picking up levels of consumer spending and stimulus packages are expected to foster loan growth and thus provide much needed support. In addition, digitization …
Read More »Events Across the United States to Help Families Get COVID Stimulus and Child Tax Credit Payments
IRS WASHINGTON – The Internal Revenue Service and partners from nonprofits, churches, community groups and more will host additional events in several cities this weekend to help eligible families sign up for monthly payments the withholding tax credit for children (AdvCTC). The July 23-24, 2021 special events will be hosted …
Read More »Things are falling apart – POLITICO
Editor’s Note: Morning Money is a free version of the POLITICO Pro Financial Services morning newsletter, which is sent to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the biggest of the day. …
Read More »New study shows cash remains a mainstay for both consumers
WILMINGTON, Del., July 20, 2021 (GLOBE NEWSWIRE) – Despite the availability of technology-driven payment methods such as credit cards, debit cards and mobile wallets, cash remains a mainstay for consumers. consumers making payments (40% prefer to use cash) and businesses that accept them (78% accept cash as a form of …
Read More »Validea Motley Fool Strategy Daily Upgrade Report – 07/17/2021
THere are today’s updates for Validea’s small-cap growth investor model based on Motley Fool’s published strategy. This strategy seeks small cap growth stocks with strong fundamentals and strong price performance. PERION NETWORK LTD (PERI) is a small cap growth stock in the IT services industry. The rating according to our …
Read More »Weichert Realtors Launches End-to-End Consumer Incentive Program
New Jersey-based Weichert Realtors on Wednesday announced a new program that will offer consumers a series of incentives when they use all of the company’s services during their home buying journey. Weichert calls the new program “We Do It All, Guaranteed!” The program is part of an existing offering called …
Read More »President Biden signs bipartisan bill to curb predatory lending – Los Angeles Sentinel | Los Angeles Sentry
Charlene Crowell (Courtesy photo) In recent years, consumer credit protections have withered due to a series of harsh attacks that have either dismissed or dramatically reduced financial safeguards in the market. But yet another victory for consumers, spurred on by a wave of support from ordinary citizens, academics and bicameral …
Read More »Valley reinvents banking thanks to digital technology | Business
NEW YORK – (BUSINESS WIRE) – July 7, 2021– Valley Bank (NASDAQ: VLY), one of the largest regional banks in the United States, is leveraging digital technology to reinvent banking, creating the vision and roadmap to deliver differentiated products and services with speed and agility. With a national charter, digital …
Read More »NJ-based CURE auto insurance launches in Michigan
Since the announcement of Detroit local news last week, CURE has already seen a tremendous response from the public. The very first linked fonts were for a mother and son in Pontiac, Michigan, who previously paid $ 3,600 per year and now with CURE their rate has dropped to $ …
Read More »M&T Bank Corporation – Consensus indicates potential rise of 8.0%
M&T banking company with ticker code (MTB) now have 17 analysts covering the stock. Analyst consensus indicates a rating of âHoldâ. The target price is between 190 and 147, with the average target price being 167.96. Given that the previous close of shares was at 155.59, this indicates that there …
Read More »Columbia Financial, Inc. to acquire Freehold Bank
FAIR LAWN, NJ and FREEHOLD, NJ, June 17, 2021 (GLOBE NEWSWIRE) – Columbia Bank, MHC, Columbia Financial, Inc. (NASDAQ: CLBK) and Columbia Bank (collectively, âColumbiaâ), and Freehold MHC, Freehold Bancorp and Freehold Bank (collectively, âFreeholdâ) announced today that they have entered into a definitive merger agreement. Pursuant to the merger …
Read More »Dun & Bradstreet Headquarters and Two Other Agreements in View of City Council | Jax Daily Record | Jacksonville Daily Record
Jacksonville City Council is expected to vote on June 22 on three taxpayer-backed incentive deals totaling approximately $ 31.15 million, including a $ 21 million package to bring Dun & Bradstreet Corp. headquarters. in Jacksonville. Another would authorize a set of repayable and deferred loans of $ 8.6 million for …
Read More »In-N-Out doubles in Zurich pandemic blanket beef
Through Archive Send an email to Eli Flesch “href =” https://www.law360.com/california/articles/1391639/# “> Eli Flesch Law360 provides free access to its coronavirus coverage to ensure that all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to subscribe to one of …
Read More »Unity Bank # 1 New Jersey Community Bank in America’s Top 200 Bank List
Receive instant alerts when news about your stocks is available. Claim your 1-week free trial for StreetInsider Premium here. CLINTON, NJ, June 1, 2021 (GLOBE NEWSWIRE) – Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, was New Jersey’s top-ranked community bank on the recent publication American banker …
Read More »SL Green Realty: what you need to know
Although SL Green rents premises to tenants in many industries, it has a strong concentration in the financial services industry. This is a potential concern. If this sector needs less office space in the future, this could have a significant impact on the occupancy level and rental rates of SL …
Read More »Warning: anyone who has committed fraud involving PPP loans has a judgment day ahead, lawyer says
The paycheck protection program brought the promise of funds and forgiveness. It was too tempting to pass up some companies that really should have let it pass. Thomas L. Hofstetter, a banking attorney at a Florham Park-based law firm, said enforcement agencies in the country’s Treasury Department and Small Business …
Read More »D&O market sees increased capacity
The management responsibility market faces significant challenges from the COVID-19 pandemic, but will benefit from increased market entry capacity, a brokerage executive said. Even before the pandemic, the industry faced several challenges, including an increase in class actions and early hikes in premiums and retainers, said Christine Williams, CEO of …
Read More »Big data against credit gap
There is a trap at the heart of America’s financial system: To get credit, you must already have established a credit history. Millions of Americans never find a way around the contradiction and, as a result, are excluded from things like credit cards or student loans that the rest of …
Read More »Taking stock of the financial sector’s policy response to COVID-19 around the world
The massive macro-financial shock caused by the COVID-19 pandemic precipitated an unprecedented global recession and put the financial sector under pressure. In an effort to mitigate the impact, financial sector authorities around the world have responded by implementing a wide range of supportive measures to keep core markets functioning well …
Read More »Jack Ma’s group Ant may survive this bump but no longer be a super unicorn
The future of Ant Group remains in suspense after its dramatic disgrace. Regulators appear to have stopped dismantling it and the company is considering a transition to a financial holding company, ready to be regulated as a bank. It will be hard. What could Ant ultimately look like? Banking-type businesses …
Read More »Bill Tlaib to Help Fix Consumer Credit Ratings and Recover Predatory Loans Goes Home | New
It took about six months from the time the House Financial Services Committee moved the bill from U.S. Representative Rashida Tlaib (D-13th District) that would provide relief to consumers struggling to recover from predatory loans, medical bills or fraudulent activity on the floor of the House, for it must pass. …
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