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Finance Ministry may seek extension of deadline from Sebi for PSBs on minimum public float norm

Finance Ministry may seek extension of deadline from Sebi for PSBs on minimum public float norm

NEW DELHI: The finance ministry may approach markets regulator Sebi to seek relaxation on the minimum 25 per cent public shareholding norm for some public sector banks (PSBs). There are 13 PSBs including IDBI Bank, Bank of India in which the government holding is more than 75 per cent. If these banks are unable to […]

Latest lawsuit from Aaron Starr focuses on Oxnard finance director

Latest lawsuit from Aaron Starr focuses on Oxnard finance director

Buy Photo Oxnard’s Chief Finance Officer is seen at a June City Council meeting.(Photo: WENDY LEUNG/THE STAR)Buy Photo Aaron Starr has filed another lawsuit against the city of Oxnard, and this time, it’s directed at the outgoing chief finance officer. The lawsuit filed on Wednesday claims Chief Finance Officer Jim Throop has never prepared thorough […]

These five finance experts are still excited about cryptocurrency – here's why

These five finance experts are still excited about cryptocurrency – here's why

Bitcoin had has a rough year. The cryptocurrency plummeted from $20,000 at the end of 2017 to under $6,000 by June. But the bitcoin faithful remains excited, and some experts see the digital currency surpassing its record highs from the end of 2017. Chamath Palihapitiya, the CEO and founder of Social Capital, predicted on CNBC’s […]

Nedbank bets on drones reshaping agri finance

Nedbank bets on drones reshaping agri finance

Nedbank’s venture capital fund is betting on drones reshaping agri finance by investing in Aerobotics, a Cape Town-based aerial data-analytics company making waves internationally. The R100 million venture capital fund, which sits within Nebank Corporate and Investment Banking’s (CIB) disruption and innovation hub, NEDX, has made an undisclosed investment in the start-up as it seeks […]

Abandon Libor Now or Else, UK Agency Warns Finance Firms

Abandon Libor Now or Else, UK Agency Warns Finance Firms

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Why Finance's New Favorite Metric Is Customer Satisfaction

Why Finance's New Favorite Metric Is Customer Satisfaction

Financial services hasn’t exactly been America’s most popular industry in recent years. Banks have traditionally obtained 40% of their profits from “fee income,” which are those charges for using out-of-network ATMs, for maintaining too low of a monthly balance, or for any of the other fine-print fees you never knew you triggered until it’s too […]

How Litigation Finance Can End The Partisan Practice Of Law

How Litigation Finance Can End The Partisan Practice Of Law

No, I’m not talking about politics. I’m talking about a different partisan divide: the division in the legal-services market between so-called “plaintiffs’ firms” and “defense firms” and how litigation finance can mitigate the division. Plaintiff and defense-oriented firms historically have had very different business models as it relates to risk taking. Defense-side firms — as […]

Gray Matters, Caspian sell stakes in Indian School Finance Company

Gray Matters, Caspian sell stakes in Indian School Finance Company

ImpactAlpha, July 6 – The Delhi-based Indian School Finance Company offers loans to Indian educational institutions. The Indian School Finance Company has served more than 4,000 schools, 77% of which are affordable private schools charging less than 1,200 rupees ($18) in fees per student. It was one of the early dedicated lenders for low-cost private […]

Northamptonshire County Council: Acting chief executive and finance officer to leave

Northamptonshire County Council: Acting chief executive and finance officer to leave

Image caption Interviews for a new permanent chief executive of Northamptonshire County Council are due to be held on Monday The acting chief executive and chief financial officer at a crisis-hit council have both resigned. Andrew Quincey and Mark McLaughlin have been working under two government-appointed commissioners at Northamptonshire County Council. The commissioners were put […]

6 banking and finance jobs that will pay a fortune – but don't exist yet

6 banking and finance jobs that will pay a fortune – but don't exist yet

HSBC has released a new report which offers a glimpse into the future of a career in banking, predicting six surprising new types of jobs and how the role of people will evolve in the workforce. “Many of the roles and job titles of tomorrow are unknown to us today,” said Josh Bottomley, global head […]