Cash – Wholesale NFL Jerseys For Cheapest Fri, 28 May 2021 08:09:29 +0000 en-US hourly 1 Cash – Wholesale NFL Jerseys For Cheapest 32 32 Greensill’s whistleblower advice warned German regulator of fraud last year Wed, 07 Apr 2021 23:16:16 +0000

The German banking regulator has received a series of tips from whistleblowers over the past year who have made “various allegations of fraud” at Greensill Bank, prompting it to demand improvements at the bank, according to an internal German government report reviewed by the Wall Street Journal.

The regulator, known as BaFin, received the first round of warnings in the second quarter of 2020. The reports alleged that some of Greensill’s assets were backed by fake invoices, according to the report, which describes the regulator’s efforts in during the past year to supervise the Bank.

BaFin received another warning in the third quarter of 2020 and three more submissions this year. The report in German, which does not specify the origin of the submissions, indicates that the information expresses “concerns regarding the financial situation of the Greensill Group as well as various allegations of fraud”.

In particular, there were concerns about the loans Greensill Bank extended to the GFG Alliance, the companies of owned by Anglo-Indian steel magnate Sanjeev Gupta.

A spokesperson for Mr. Gupta declined to comment.

In letters to Greensill Bank management over the past year, the regulator has repeatedly raised concerns, including the level of professional qualifications of the bank’s CEOs, as well as potential governance violations, indicates the report.

A BaFin spokesperson declined to comment.

Greensill Capital said in early March that it had sought external legal and audit advice regarding the handling of Greensill Bank’s assets. The firm said it “has always been transparent with its regulators and auditors about its approach to asset classification and the methodologies for determining those classifications.”

The timeline provided by the report shows that authorities scrutinized Greensill behind the scenes for more than a year before he collapsed.

Greensill, a financial startup specializing in business credit, filed for insolvency in early March. The collapse jeopardized $ 10 billion in Greensill-linked investment funds at

Credit Suisse Group AG

, and caused losses for dozens of small German towns that kept money in the company’s bank.

BaFin took over Greensill Bank in early March after an audit it commissioned, based in part on complaints it received, could not find evidence of certain collateral that a large Greensill client was using to borrow. BaFin filed a criminal complaint against the bank to the German prosecutors, who will decide whether or not to open an investigation.

Greensill is the latest challenge for the German regulator. BaFin drew criticism from the German parliament on his failure at the police payment processing company Wirecard AG, which went bankrupt in June 2020.

Small towns that have made deposits to Greensill Bank have complained that they were not notified even as the bank was under investigation.

Earlier this month, BaFin said it could not notify the public of a special audit or surveillance measures due to a confidentiality status.

The existence of whistleblower advice was previously reported by Weser-Kurier, a newspaper based in Bremen, Germany.

Greensill was founded in 2011 by Lex Greensill, a former

Citigroup Inc.


Morgan stanley

financial. She specializes in supply chain finance, a form of short-term cash advance that allows businesses to increase the time they have to pay their bills.

Greensill acquired in 2014 the small Bremen-based bank, formerly known as NordFinanz Bank AG. It has about 20 employees.

In 2019, Greensill used most of an investment of

SoftBank Group Body

Vision Fund to recapitalize the German bank.

A spokesperson for SoftBank declined to comment.

Greensill Capital pooled the supply chain finance loans it made into bonds and sold them to investors. He also kept the loans on the bank’s balance sheet, sometimes for later sale to investors.

Mr Greensill said in an interview in 2019 that the bank serves as “a warehouse that allows us to manage the liquidity needs of our business.”

According to the report, BaFin has been monitoring Greensill Bank at least from January 2019 and was particularly concerned with the bank’s ownership structure and its exposure to a single Greensill client.

The regulator sent a letter to Greensill Bank on March 3, 2020, noting that the company had a high concentration of assets related to transactions with Mr. Gupta’s GFG Alliance, according to the report reviewed by the Journal.

The regulator then held a series of meetings with the management team of Greensill Capital and Greensill Bank. BaFin has met with members of the bank’s board over the next few months, according to the report and a witness statement from Mr Greensill in the Greensill UK insolvency case.

In September 2020, BaFin hired the German firm of KPMG LLP to undertake a forensic audit of the bank. The regulator had become uncomfortable once he realized that Greensill was directly exposed to Mr Gupta’s businesses, not his network of suppliers, according to the report and a person familiar with the operations of Mr. Gupta. Greensill.

A spokesperson for KPMG said he had been commissioned by BaFin to conduct the investigation, but declined to comment further.

On January 25, BaFin was aware that the special audit had uncovered evidence that questioned the bank’s future and revealed “serious violations by management,” the report said.

At the time, Mr. Greensill was working with investment bankers from Credit Suisse and Citigroup raise new capital investors.

Write to Duncan Mavin at and Julie Steinberg at

Copyright © 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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McCarthy calls allegations against Gaetz ‘serious’, plans to speak to him Wed, 07 Apr 2021 23:16:06 +0000

WASHINGTON – House Minority Leader Kevin McCarthy of R-California said on Wednesday he plans to speak with Rep. Matt Gaetz, R-Fla., about “serious” allegations in a report that Gaetz is the subject of a Justice Department investigation into whether he had sex with a minor and whether he paid to have her travel with him.

In an interview with Fox News, McCarthy said he had not heard from the Department of Justice, which The New York Times reported Tuesday night was investigating Gaetz and the allegations.

NBC News confirmed on Wednesday that Gaetz is under investigation for possible sex trafficking in a case that arises from an associate of Gaetz and that there is a separate investigation into Gaetz’s allegations that he is the victim of ‘extortion.

“I just read the story. These are serious implications,” McCarthy said.

When asked if he would take action against Gaetz, like removing him from the Judiciary Committee, as asked by Rep. Ted Lieu, D-Calif., McCarthy said, “The DOJ hasn’t told me anything. If a member at my conference is indicted, they’ll be kicked out of a committee. He says that’s not true. And we’ve got a newspaper article that says something else. We’ll find out the base. “

McCarthy said he hoped to speak with Gaetz on Wednesday afternoon.

In a statement Tuesday night on Twitter, Gaetz vehemently denied the allegations reported by The Times. He claimed he and his family were victims of a $ 25 million extortion plot involving a former Justice Department official and said he was cooperating with federal officials.

“None of the allegations against me are true, and the people pushing these lies are the targets of the ongoing extortion investigation,” Gaetz said. “I demand that the DOJ immediately release the recordings, made under their direction, which implicate their former colleague in crimes against me based on false allegations.”

The Times report says federal investigators are investigating whether Gaetz had sex with a 17-year-old girl and broke federal sex trafficking laws. Such laws criminalize inducing a person under the age of 18 to travel for sexual purposes in exchange for something of value.

Officials told NBC News that the investigation into Gaetz began last year when one of his associates, Joel Greenberg, a former Florida County tax collector, was charged with charges relating to allegations according to which he had harassed a political opponent, who worked at a local school. , through letters sent to his opponent’s employer and several fictitious accounts on social networks.

Greenberg was charged with criminal harassment and identity fraud related to allegations of a smear campaign in June. The indictment alleges that Greenberg’s bogus identification crimes were intended to aid his efforts to engage in sex trafficking. It was from this investigation, officials told NBC News, that authorities developed a lead that persuaded them to investigate whether Gaetz had been involved in sex trafficking a minor.

Greenberg’s attorney did not return a request for comment.

Gaetz publicly claimed that the letter was from former Florida federal prosecutor David McGee, who told the Daily Beast that the extortion allegation was “completely, totally wrong. “

McGee did not respond to an NBC News request for comment. He reiterated to The Washington Post that he was not linked to any extortion attempt against Gaetz or to any Justice Department investigation into him.

“This is completely untrue. This is a blatant attempt to distract from the fact that he is under investigation for child sex trafficking,” McGee told The Post on Tuesday.

McGee, who worked for the Department of Justice from the late 1980s to the late 1990s, received outstanding service awards from the Department of Justice and the US Marshals Service, as well as a Special Mention from the Director of the FBI, according to his biography.

The investigation into Gaetz, a rising GOP star and staunch ally of former President Donald Trump, was opened in the final months of the Trump administration under Attorney General William Barr, the Times reported.

Federal prosecutors on Wednesday filed a third alternative indictment against Greenberg, accusing him of conspiring with a Small Business Administration employee and another person to submit bogus loan applications in the event of an economic disaster, bribing him the SBA employee and steal money from the tax collector’s office to buy cryptocurrency.

There was no mention of Gaetz in the indictment, which provided no further information about the sex trafficking charges against Greenberg.

Leigh Ann Caldwell contributed.

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Michigan State Police Soldier and 3 Civilians Injured in Midland County Traffic Crash Wed, 07 Apr 2021 23:15:53 +0000

WARREN TWP, MI – Police are investigating a traffic accident involving a Michigan State Police soldier and a civilian in Midland County.

At approximately 2:51 p.m. on Wednesday, December 16, a Tri-City Post soldier was heading south on M-18 just south of Shaffer Road in Warren Township when a northbound vehicle turned. left in the patrol vehicle.

The two vehicles collided causing the patrol vehicle to roll off the roadway and roll over into a ditch.

The soldier was taken to an area hospital for treatment of non-fatal injuries. The driver of the second vehicle, 76, a woman from Beaverton, was also taken to hospital for treatment of minor injuries and is expected to be released later Thursday.

At the time of the accident, the soldier was carrying two civilians in the patrol vehicle. Both passengers sustained minor injuries and are also expected to be released from the hospital on Thursday.

An investigation into the accident is being carried out by the MSP Sixth District Investigation Response Team. All data from both vehicles will be reviewed as part of the investigation.

The MSP was assisted at the scene by staff from Coleman Police Department, Coleman Fire Department, Midland County Sheriff’s Office, Midland County Road Commission and MidMichigan EMS .

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Bill introduced to provide financial assistance to North Carolina firefighters in the fight against work-related cancer Wed, 07 Apr 2021 23:14:16 +0000

GREENSBORO, NC – North Carolina firefighters remain cautiously optimistic as two Senate Republicans introduced a bill to provide financial assistance for cancer treatment.

In recent years, firefighters across the state have fought for extensive presumptive cancer coverage for themselves and their colleagues.

While other states in the United States have some sort of cancer coverage, North Carolina does not. In fact, it’s the only state in the country that doesn’t have some sort of alleged cancer coverage for these first responders.

“The first in the air, the last helping the firefighters,” is how Greensboro Firefighters Union President Dave Coker describes the fight.

Senate Bill 472 was introduced on April 1 by Senator Todd Johnson and Majority Senate Whip Jim Perry.

The bill, as drafted, would see a trust worth $ 25,000 reserved for North Carolina firefighters. If a firefighter is diagnosed with one of the seven common occupational cancers found in firefighters, they will be given that trust upfront to cover medical bills.

To be eligible, a firefighter must have “a minimum of five years of service; you cannot have worked in a profession five years ago that also had a major cause of these cancers, and you cannot have a history of smoking. “

Firefighters, like Coker, are cautiously optimistic, although previous bills have failed in the past.

He explained, “Now I think we can have a subsidized discussion on how this bill works. We hope that we have removed the obstacles that the Senate discovered and opposed.

SB 472 is structured differently from previous invoices. For example, previous attempts have been able to pass the House, but die in Senate committee, and have not been able to gain broad support from Republican senators.

SB 472 was introduced to the Senate and was drafted and co-sponsored by Republicans.

The hope is that more Republicans will support this bill than in the past because it involves a trust as a means of funding and not an expansion of health benefits for firefighters.

Jamie Burgess, a firefighter from Greensboro, told FOX8 “It’s a bright moment, but we’re still not there yet.

In January, FOX8 spoke to Burgess about his involvement in lobbying to support some sort of bill over the last few years.

Since writing our last article in January, Burgess has lost another firefighter brother to cancer.

“Even though he was fighting cancer himself, he went to the general assembly. If this bill is successful it is our way of carrying on their legacy and honoring those who have died of cancer.

Greensboro firefighters are due to travel to Raleigh in the first weeks of May to speak to senators and gain more support to pass the bill once the vote begins.

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The United States cannot be selective about its allies Wed, 07 Apr 2021 23:14:16 +0000

It will take a bit of persuasion from the unborn generations that it all started with washing machines. In three years, the divide between the United States and China has widened since the trivialities of commerce to something like a clash of philosophical systems.

In retrospect, an original belligerent, Donald Trump, always seems more tamer. Imagine the former US president invoking the “Freedom loving nations” against Beijing, as its secretary of state did last year. Or to refute, like his successor Joe Biden, that “autocracy is the wave of the future”.

Mercantile cynicism has its uses. A current account imbalance is negotiable like “stocks” are not. If Trump was the first U.S. leader since Jimmy Carter not to start new war, this welcome omission stemmed from something dark: his indifference to internal depredations of foreign governments. Those who applaud the return of idealism to American politics do so with kindness. But then they also need to budget for the messy implications.

the focus on values doesn’t just raise the stakes of the superpower contest. He also ties America’s hands in his victory. Biden has embarked on the long game of weaving a network of states (“alliance”, not to mention “coalition” seems too much) that worry about China. Secretary of Defense Lloyd Austin’s visit to New Delhi this month was suggestive. It was the same for inaugural summit the Quad that connects India, Japan and Australia to the United States.

This diplomatic work is more difficult and the resulting force in numbers more formidable than direct confrontation with Beijing. In this measurement, Republican insults about democratic softness on China are as insignificant as ever. Once again, however, liberal values ​​have perverse consequences. The United States can be morally scrupulous. He can link up a powerful network of friends. But he cannot achieve both feats at the same time.

Will the United States refrain from courting, say, Thailand, on the basis of its breaches of the junta regime or its lese majesty laws? As the Philippines blows hot and cold, will Biden stop asking for his loyalty if his populist government violates a liberal standard too much? As for the greatest potential friendship of all, the one with India, is there something Prime Minister Narendra Modi could do out there to make the United States refuse such a grand prize?

Neither of these assumptions is fantastic. These are real, recent or plausible scenarios. And they say nothing about the even tougher choices that await the United States outside of Asia. In countering Chinese or Russian influence in the Middle East and Africa, Biden can hardly apply a “democracies only” rule to local allies. Too many countries fail this test but remain in balance between the great powers. It would be a masochistic act of self-sacrifice to let them slip into the morally undemanding patronage of a rival. But then after the “America is back” noises, it would be a waste of face to kiss illiberal partners.

In this way, the administration will come up from time to time against the moral bar it has set for itself. The more rigorously Biden applies American values, the narrower his strategic options will be. The more he observes them in the breach, the greater the cost of America’s reliability and credibility. For a 78-year-old man, the situation is only softened by his strange familiarity. Her country struggled with her for much of her life.

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The US-Soviet conflict was an inaccurate trailer for today’s great power battle. Communism was an essentially closed world: a “cold war” with the world number one merchandise trader will take some time. Yet one theme promises to hold up and that is society the United States needed to keep, or felt it needed to keep, against the lapping of communism. The Greek colonels, the Pakistani generals, the thugs gallery in Latin America: it was sometimes a kind of flexible free world that America ruled.

On the contrary, the temptation to compromise moral is much stronger now. The front line of the Cold War was Europe, which had democratic governments in place from Dublin to Bonn. There are prominent examples of those in Asia, the new competition zone, but there are also military rulers, technocratic cities, one-party systems, vulnerable democracies and established ones that have a bad tendency.

If Antony Blinken’s commitment to “support the democracy around the world ”while renouncing force means anything, the secretary of state must be prepared to renounce convenient relations on a liberal principle. The regional winner, if he does, hardly needs to be named. And so he probably won’t. There is no shame in such pragmatism. But there is disillusion and acrimony stored in pretensions to the opposite.

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Ally Financial (NYSE: ALLY) now covered by Evercore ISI analysts Wed, 07 Apr 2021 23:14:16 +0000

Evercore ISI analysts assumed a hedge of shares of Ally Financial (NYSE: ALLY) in a report released on Thursday, Fly reports. The brokerage established an “outperformance” rating on the stock of the financial services provider.

Several other equity analysts also commented on ALLY. Barclays raised its price target on Ally Financial from $ 52.00 to $ 57.00 and rated the company “overweight” in a research note on Wednesday. Wells Fargo & Company raised its price target on Ally Financial from $ 45.00 to $ 51.00 and rated the stock “overweight” in a research note on Thursday, March 11. Zacks investment research downgraded Ally Financial from a “strong buy” rating to a “hold” rating and set a price target of $ 36.00 for the company. in a research note on Monday, December 21. Smith Barney Citigroup raised its price target on Ally Financial from $ 33.00 to $ 45.00 in a research note on Wednesday, January 13. Finally, Credit Suisse Group raised its price target on Ally Financial from $ 34.00 to $ 42.00 and gave the stock an “outperformance” rating in a research note on Wednesday, January 13. One analyst rated the stock with a sell rating, three assigned a sustaining rating, and seventeen assigned a buy rating to the company’s stock. Ally Financial currently has a “Buy” consensus rating and a consensus target price of $ 39.45.

Ally financial action traded as high as $ 0.06 when trading Thursday, reaching $ 47.08. The company’s shares had a trading volume of 144,261 shares, compared to its average volume of 4,441,855. The stock has a market capitalization of $ 17.57 billion, a price / earnings ratio of 23.08 and a beta of 1.61. The stock’s fifty-day moving average is $ 44.39 and its 200-day moving average is $ 35.61. Ally Financial has a one-year low of $ 13.29 and a one-year high of $ 47.61. The company has a debt to equity ratio of 1.82, a quick ratio of 0.97, and a current ratio of 0.97.

Ally Financial (NYSE: ALLY) last reported its results on Thursday, January 21. The financial services provider reported EPS of $ 1.60 for the quarter, beating the Thomson Reuters consensus estimate of $ 1.05 by $ 0.55. The company posted sales of $ 1.98 billion in the quarter, compared to analysts’ estimates of $ 1.65 billion. Ally Financial achieved a return on equity of 6.43% and a net margin of 12.22%. On average, research analysts predict that Ally Financial will post EPS of 2.48 for the current fiscal year.

Similarly, CEO Jeffrey Jonathan Brown sold 15,000 shares in a transaction dated Monday, March 1. The stock was sold for an average price of $ 43.09, for a total value of $ 646,350.00. Following the closing of the transaction, the CEO now owns 680,909 shares of the company, valued at $ 29,340,368.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Additionally, CAO David J. Debrunner sold 27,500 shares of the stock in a transaction dated Monday, April 5. The shares were sold for an average price of $ 47.13, for a total value of $ 1,296,075.00. Following the closing of the transaction, the chief accounting officer now directly owns 74,335 shares of the company, valued at approximately $ 3,503,408.55. Disclosure of this sale can be found here. In the last quarter, insiders sold 51,626 shares of the company valued at $ 2,358,517. Insiders own 0.36% of the company’s shares.

Institutional investors and hedge funds have recently changed their holdings of equities. Achmea Investment Management BV increased its holdings in Ally Financial by 23.5% in the fourth quarter. Achmea Investment Management BV now owns 81,802 shares of the financial services provider valued at $ 2,917,000 after purchasing an additional 15,563 shares in the last quarter. Strs Ohio increased its stake in Ally Financial by 603.5% in the 4th quarter. Strs Ohio now owns 39,352 shares of the financial services provider valued at $ 1,403,000 after purchasing an additional 33,758 shares in the last quarter. Lazard Asset Management LLC increased its stake in Ally Financial by 79,744.5% during the 4th quarter. Lazard Asset Management LLC now owns 612,407 shares of the financial services provider valued at $ 21,838,000 after purchasing an additional 611,640 shares in the last quarter. Nippon Life Global Investors Americas Inc. increased its stake in Ally Financial by 16.4% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 244,100 shares of the financial services provider valued at $ 8,705,000 after purchasing an additional 34,440 shares in the last quarter. Finally, Raymond James Trust NA acquired a new position in Ally Financial during the 4th quarter for a value of approximately $ 296,000. 92.07% of the shares are held by hedge funds and other institutional investors.

Ally Financial Company Profile

Ally Financial Inc, a banking holding company, provides a variety of digital financial products and services to individuals, businesses and businesses primarily in the United States and Canada. It operates through the segments of auto finance operations, insurance operations, mortgage finance operations and corporate finance operations.

See also: What is the formula for the cash asset ratio?


Analyst Recommendations for Ally Financial (NYSE: ALLY)

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7 Precious Metals Stocks That Will Keep Your Portfolio On Trend

The growing acceptance of cryptocurrency is starting to cause mainstream investors to rethink their idea of ​​’store of value’. The fashionable possibilities of Bitcoin, Ethereum, and one of the dozens of altcoins that exist on the blockchain are all the rage.

However, the problem with fashion is that the more things change, the more things stay the same. Just like the simple black dress that won’t go out of style, so do stocks of precious metals. One way to think about it would be to say that the existence of a growing cryptocurrency market does not change the value of precious metals.

Precious metals have long been known to be a safe haven in times of market volatility and economic crisis. In fact, during the Covid-19 pandemic, gold prices jumped about 30%, crossing the $ 2,000 mark for the first time in its history. This was at a time when the prices of many cryptocurrencies were dropping.

And precious metals have also been seen as a hedge against inflation, which seems more secure with the Federal Reserve’s promise to keep interest rates historically low until 2023.

Whether you are looking to take your first steps in building a precious metals portfolio or want to refine the one you have, we think this special presentation is a good place to start your research. We’ve identified seven precious metals stocks that are expected to retain their appeal in 2021.

See “7 Precious Metals Stocks That Will Keep Your Portfolio On Trend.”

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Democrats and business are increasingly allies Wed, 07 Apr 2021 23:14:16 +0000

BlackRock will conduct a racial equity audit. The money management giant agreed to examine how its policies and practices contribute to racial injustices, Bloomberg reports. Other Wall Street companies, including Bank of America, Citigroup and JPMorgan Chase, have asked shareholders to reject investor proposals for similar audits.

Topps, known for its collectible cards and Bazooka gum, goes public by merging with a SPAC in a deal that values ​​the company at $ 1.3 billion. The transaction includes a $ 250 million investment led by sponsor SPAC Mudrick Capital, as well as investors such as GAMCO and Wells Capital. Michael Eisner, the former CEO of Disney who is the chairman of Topps, will invest his entire stake in the new company and remain there.

“Everyone has a story on Topps,” Mr. Eisner said. This was what initially drew him to the collectible card company, which he acquired in 2007 through his investment firm, Tornante, and Madison Dearborn. for $ 385 million. Buying Topps was a gamble on a brand with as strong an “emotional connection” as Disney, the company Mr. Eisner ran for 21 years. (And he knows the value of sport: at Disney, he helped acquire ESPN through ABC.)

Topps focused on a digital transition, the launch of online applications allowing users to exchange collectibles and play games. He also created “Topps Now,” which makes cards of the moment to capture a pop culture play or meme. (It’s old nearly 100,000 cards featuring Bernie Sanders at the presidential inauguration in his mittens.) And, yes, he entered the blockchain, too, via the craze for non-fungible tokens, or NFT.

The pandemic has increased interest in memories, with a Mickey Mantle card recently sold for $ 5.2 million. “Topps probably did something like a nickel on it 70 years ago,” said Jason Mudrick, founder of Mudrick Capital. NFT mania will allow Topps to take advantage of the second hand market by linking collectibles to digital tokens. Executives involved in the merger stressed that a nudge from the NFT was not part of their projections, nor was it a driver of the deal. Topps is focused on digital investments and growth beyond sports, such as its partnerships with Marvel and “Star Wars”. The company generated record sales of $ 567 million in 2020, a 23% jump from the previous year.

  • Topps CEO Michael Brandstaedter said he expected baseball memories to continue to be uplifted by trends such as minor league players faster, even after the downturn was over. the pandemic.

Can he keep the momentum going? Among industries attracting investors to PSPC, Mudrick said collectibles – both digital and physical – were the safest bet. “Our core business is investing in value,” he said, and “we just couldn’t understand” EVs, drones and other industries that are hot for PSPCs.

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NWSL and Ally reach league-wide sponsorship deal Wed, 07 Apr 2021 23:14:16 +0000

The American Women’s Football League unveils its first-ever official banking partner.

Getty Images

Agreement structured so that part of Ally’s sponsorship fee goes directly to NWSL players
The deal comes the same week the league announced Nationwide as its official insurance partner

The National Women’s Soccer League (NWSL) has added financial services company Ally to its growing list of national sponsors.

The deal will see Ally become the NWSL’s first official banking partner, while also serving as a round sponsor for all ten of the American Football League.

The deal has been structured to include a “player impact focus program,” which will ensure that a portion of Ally’s sponsorship fees go directly to NWSL players.

Additionally, Ally plans to work with other league partners on a series of diversity, equality and inclusion initiatives that will be announced at a later date.

The duration and financial terms of the agreement have not been made public.

NWSL Commissioner Lisa Baird said: “The NWSL and Ally are a game-changer in our respective industries and the opportunity to showcase our shared values ​​and our commitment to level the playing field is an extraordinarily unique proposition in the world. sports sponsorship. ”

The deal comes the same week that the NWSL announced a new partnership with insurance company Nationwide, which, along with Ally, has joined Budweiser, Secret, Nike and Verizon in the league’s sponsor portfolio.

The 2021 NWSL season kicks off April 9, when the Chicago Red Stars face defending champion Houston Dash in a rematch of last year’s Challenge Cup final.

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Biden administration seeks to restore aid to Palestinians Wed, 07 Apr 2021 23:14:16 +0000

The Biden administration plans to restart aid to the Palestinians, overturning a Trump suspension in 2018 in an attempt to spark new tensions with the United States’ close ally, Israel.

The State Department said on Wednesday it was seeking to give $ 235 million to the Palestinians, including $ 150 million to the United Nations refugee agency for the Palestinians, UNRWA, and $ 75 million to development aid in the West Bank and Gaza.

“The United States is pleased to announce that by working with Congress, we plan to restart United States economic, development and humanitarian assistance to the Palestinian people,” said Antony Blinken, Secretary of State American, in a press release.

He said that American foreign aid to the Palestinian people serves “important American interests and values”, and that Washington considers advancing prosperity, security and freedom for both Israelis and Palestinians ” as a way forward towards a negotiated two-state solution ”.

The announcement marks one of the first concrete steps by Joe Biden’s administration to repair relations with the Palestinians, seeking to keep an election promise to roll back some Trump-era policies that were seen as favorable Israel.

Under Donald Trump, Washington recognized Jerusalem as the capital of Israel and moved the United States Embassy there. He also launched a diplomatic effort to normalize relations between Israel and several Arab countries, including the United Arab Emirates and Bahrain, in measures seen as undermining the cause of the Palestinians.

Although the Biden administration has no plans to cancel these moves, it has indicated it will restore a greater sense of balance in relations with Israel and the Palestinians, who have broken off talks with the Trump administration on efforts to make a peace deal he saw it as one-sided.

Biden met with the Israeli Prime Minister Benjamin Netanyahu four weeks after starting his presidency, after having already spoken with other traditional American allies such as the United Kingdom, France and Germany.

Gloria Steele, acting administrator of the United States Agency for International Development, said the United States had given more than $ 5 billion to support the Palestinians since 1994 and that the new injection of money would help the Palestinians respond. to “basic needs, to re-engage Palestinian society and to support economic recovery after the Covid-19 pandemic”.

Both the Trump administration and Israel have criticized UNRWA as being deeply flawed and biased against Israel.

“Obviously there are areas where we would like to see reform,” State Department spokesman Ned Price said at a press briefing Wednesday, saying it was best to “take a seat at the table “.

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Why customer satisfaction with online-only banks is declining Wed, 07 Apr 2021 23:14:16 +0000

Online-only banks have thrived during the coronavirus pandemic as consumers have grown more comfortable with digital channels, but there is still room for improvement when it comes to communication – especially during a crisis.

Overall customer satisfaction with direct banking declined in 2020, according to a recent JD Power study, and the drop was most pronounced among consumers who also said they were in worse financial shape than they were. ‘one year ago. This is likely due to the fact that these customers were navigating fee waivers, loan abstentions and other difficult situations and often did not feel supported by their banks, JD Power said in its latest service satisfaction survey. direct banking.

“People who have recently had financial difficulties often explore or investigate their financial situation, including the different types of accounts they have. They’re trying to figure out the impact of fees and conditions and other things that they might not otherwise know about, ”said John Cabell, director of wealth and information lending at JD Power.

For the third year in a row, Charles Schwab Bank had the highest overall satisfaction score, 865 on a scale of 1000. Discover Bank, a unit of Discover Financial Services, had the second highest score, 862, and Ally Financial had the third highest score, 850. The average score among the nine online-only banks included in the study was 852, down 12 points from last year.

JD Power looked at the largest direct banks in the United States, that is, the branchless banks that offer a checking account. He didn’t look at traditional bank digital brands, like Citizens Financial Group Citizens Access or MUFG Union Bank’s PurePoint. And although he rated the USAA Federal Savings Bank in San Antonio, he excluded that bank from the rankings because it only serves military personnel and their families.

Digital banks gained more customers over the past year, as many banks have closed branches or restricted lobby access to stem the spread of the coronavirus and customers have been forced to de facto digital banking relationships. Online-only banks were particularly popular with younger consumers, but JD Power also found that consumers under 40 were less satisfied with these banks overall.

Certainly, some of the factors that lower customer satisfaction are largely beyond the control of bankers. For example, direct banks had to cut the interest they pay on consumer accounts after the Federal Reserve lowered interest rates to near zero in early 2020, which affected customer satisfaction levels. clients. Cabell also described a “general decline in sentiment” with financial services in general over the past year, perhaps because so many households faced financial hardship.

However, direct banks that communicated frequently and actively with their customers ranked higher in overall satisfaction scores. Among customers who felt that their bank had “completely[ed]”Them – say, removing the fee – the overall satisfaction scores were 201 points higher than those who said they received no support,” JD Power said.

“The brands that have been more successful in this area have really increased their perception of pandemic communication and pandemic response,” Cabell said. “This proactive communication is really important to all financial services brands and it seems to resonate well with customers.”

As traffic to digital banking channels increased over the past year, overall satisfaction with these channels has also declined, said JD Power. In particular, customers in this year’s study gave Direct Banks lower marks on ease of navigation, mobile appearance, and clarity of information provided on websites and apps.

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