Bank of America Pares Down Wealth Lending Unit
Bank of America Corp. is shifting about 200 employees who focus on underwriting loans from its wealth management unit to other roles as higher interest rates slow demand for loans, according to a person with knowledge of the matter. Fewer than 10 were let go, the source said. Salaries are being kept the same for […]
Continue ReadingAramco to expand presence in China by acquiring 10% stake in Rongsheng Petrochemical
– Deal involves placement of 480,000 barrels per day of crude to the largest integrated refining and chemicals complex in China DHAHRAN, Saudi Arabia, March 27, 2023 /PRNewswire/ — Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a 10% interest in Shenzhen-listed Rongsheng Petrochemical Co. Ltd. (“Rongsheng”) for RMB 24.6 billion ($3.6 billion at current […]
Continue ReadingAmCap Continues to Grow Its Maryland Presence With the Acquisition of First Colony
STAMFORD, Conn., March 27, 2023 /PRNewswire/ — AmCap, Incorporated, a vertically integrated private equity real estate firm, is pleased to announce the acquisition of First Colony Center, a 98,179 square-foot, high volume grocery-anchored, shopping center in the Washington, DC suburb of California, MD. The addition of First Colony brings AmCap’s Washington, DC area presence to […]
Continue Reading$40 Billion in Insurance Fraud Leading Contributor to Increased Premiums
TAMPA, Fla., March 27, 2023 /PRNewswire/ — With the recent effects of historically high inflation, most drivers and homeowners expect higher insurance rates, but many are surprised by just how high those costs have been. In a recent report, Clearsurance.com revealed some of the reasons behind these increasing car and home insurance rates, which include […]
Continue ReadingCallan’s 2023 Defined Contribution Trends Survey: Legislation, Regulation, and Litigation Driving Change in DC Plans
SAN FRANCISCO, March 27, 2023 /PRNewswire/ — Callan, a leading institutional investment consulting firm, announced today the results of its 2023 Defined Contribution (DC) Trends Survey. Now in its 16th year, the survey covers SECURE 2.0 (pre-passage) and diversity topics, along with the key tenets of DC plan management, governance, and financial wellness. The survey paints […]
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Gaming and Web3 outlook, what’s available on the market? Report
Blockchain gaming is moving fast, are you up-to-speed? Cointelegraph Research’s latest report reviews 20 games of today, and a few to be looking out for tomorrow.
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Polygon’s ‘holy grail’ Ethereum-scaling zkEVM beta hits mainnet
Ethereum layer-2 scaling platform Polygon has released its zkEVM to mainnet beta, allowing developers to deploy smart contracts with increased finality and lower costs.
Continue ReadingNetDragon Announces 2022 Annual Financial Results
Education Business Achieved Record-high Revenue HONG KONG, March 27, 2023 /PRNewswire/ — NetDragon Websoft Holdings Limited (“NetDragon” or the “Company”; Hong Kong Stock Code: 777), a global leader in building internet communities, today announced its financial results for fiscal year 2022. NetDragon’s management team will hold a conference call and webcast at 10:00am Hong Kong time on […]
Continue ReadingFirst Citizens to Buy SVB After Biggest Bank Failure Since 2008
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade. The deal to settle SVB’s fate could help tamp down some of the turmoil that has engulfed the financial world, and shares of regional banks […]
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Top 7 legal and compliance jobs in the crypto market
Explore essential skills for top legal and compliance jobs in the crypto market.
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Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC
MicroStrategy has increased its total Bitcoins holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin.
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Paris Blockchain Week 2023: A net positive for the entire crypto industry
The theme of PBW revolved around the evolution of Web3 in the mainstream and the crypto industry’s past, present and future.
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Crypto exchange Binance launches new regional hub in Georgia
Currently employing 25 people in Georgia, Binance aims to create “dozens more jobs” with the launch of its regional hub by the end of 2023.
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European DeFi startups saw 120% increase in VC investment in 2022: Data
Despite the ongoing tumultuous market conditions, venture capital investments in European crypto startups hit an all-time high of $5.7 billion in 2022.
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Will BTC ditch the bear market? 5 things to know in Bitcoin this week
Bitcoin price is gearing up for a key monthly close that could see it dump its 2022 bear market for good.
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Hong Kong crypto firms seeing interest from Chinese banks: Report
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland.
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$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges
Kokomo Finance’s social media presence and websites are offline, while the price of the KOKO token fell more than 95% within a matter of minutes.
Continue ReadingMorgan Stanley Seeks to Force Ex-Brokers to Pay up in $13M Schwab Award
Morgan Stanley told a court on Friday it will shell out a combined total of almost $13 million to Charles Schwab & Co. and two of its former brokers based on an arbitration award last month in a high-profile non-solicitation and defamation case. The wirehouse said it is covering the full balance even though the […]
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XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K
Bitcoin price is making another run at $28,000 and this is luring altcoin traders into XRP, LTC, XMR and AVAX positions.
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Bitcoin is 1 week away from ‘confirming’ new bull market — analyst
BTC price action is copying historical patterns to deliver a classic Bitcoin bull market comeback, says Rekt Capital.
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