Month: May 2016

Dublin could capture flow of financial jobs post-Brexit

Dublin could capture flow of financial jobs post-Brexit

Dublin’s financial services sector could stand to benefit if the UK votes to leave the European Union next month, as Chancellor of the Exchequer George Osborne warns that “tens of thousands” of jobs in the City could be lost.

Zambia to maintain tight monetary policy

Zambia to maintain tight monetary policy

The monetary policy committee of the Bank of Zambia meets on 12-13 May 2016. I think the committee would keep the benchmark interest rate unchanged at 15.5 percent; raised to this level by 300 basis points in November 2015. Although headline inflation remains in the double-digits – and would probably remain so for most

All you wanted to know about peer-to-peer lending

All you wanted to know about peer-to-peer lending

Many of us, at some point or the other, have borrowed money from friends or family instead of going to a bank. That’s because it’s quick, requires no collateral and many a time, the ‘loan’ comes at zero interest rate. Peer-to-peer (P2P) lending is something similar, but happens on a larger scale. Though the loans…

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What Do Analysts Think Of OneSavings Bank (LON:OSB) This Week?

What Do Analysts Think Of OneSavings Bank (LON:OSB) This Week?

OneSavings Bank plc (OSB) is a United Kingdom-based lending and retail savings company. The Company operates through three segments: Buy-to-Let/SME, Residential Mortgages and Personal Loans. Its Buy-to-Let/SME segment offers secured lending on property for investment and commercial purposes. Its Buy-to-Let/SME segment also provides residential development finance to small and medium sized developers and secured funding…

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BoJ Monetary Policy Meeting Minutes: Bank of Japan Concerned about Weak Inflation

BoJ Monetary Policy Meeting Minutes: Bank of Japan Concerned about Weak Inflation

Policymakers at the Bank of Japan are confident that the country’s economy is recovering, but some warned of a continued slowdown in consumer inflation, the minutes of the March 14-15 policy meeting showed on Monday. The Bank of Japan (BOJ) voted to keep monetary policy unchanged, as officials decided to hold off on any additional…

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Come Together

Come Together

It is clear that banks will have difficulty boosting profits on their own. Merely to raise the return on equity in the sector to equal their 10 percent long-term cost of capital, banks would need to increase cumulative pretax profits by 35 percent a total of $38 billion per year. This increase would need to…

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FTC Warns Of Bogus Payday Loan Debts

FTC Warns Of Bogus Payday Loan Debts

On March 21, the Federal Trade Commission issued a warning that portfolios of alleged payday loan debts serviced by AMG Services are bogus.  The alleged lenders – USFastCash, 500FastCash, OneClickCash, Ameriloan, United Cash Loans, AdvantageCashServices, and StarCash Processing – never authorized, assigned, or sold any of their loans for third-party collection.  Consumers may not even…

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