Finance Industry

What to Look For in Personal Finance Apps

Since Apple launched its iPhone App Store in July 2008, the mobile applications market has exploded. In 2016, Statista reported that Apple customers had downloaded 130 billion apps. On the other side of the smart phone universe, Android users have downloaded 65 billion apps since the Google Play launch in 2010. To put those numbers in perspective, that’s over 26 apps downloaded for every person on the planet. While many of these apps are games and social media programs, an increasing number have been…

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Most Americans Don’t Have A Financial Plan, But Should – Hawaii News Now

Do you have a financial plan? A real, written plan with goals, targets, and timelines, not just “I plan to stay out of debt this year”? If you have no such plan, you have plenty of company. According to Charles Schwab, only 25% of Americans have a written financial plan. The good news: Schwab’s 2018 Modern Wealth Index survey shows that investors with a written plan tend to have greater fiscal discipline and better money habits. A written financial plan…

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Democrat With Financial Ties To AT&T Guts California’s Net Neutrality Law

A Democratic assemblyman with financial ties to AT&T has gutted a new law that would serve as a gold standard for true net neutrality protection across the country. The bill SB 822 is expected to be voted on by the California State Assembly Communications and Conveyance committee on Wednesday, where it would go to the state assembly for a full vote, at which point it would become law if it passes. “But late Tuesday evening, Miguel Santiago, a California assemblyman…

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Financial scammers targeting Chinese community in Hyde Park

By AARON GETTINGERStaff Writer The Chicago Police Department Bureau of Detectives has issued a release about unknown persons running a financial phone scam against Chinese people in Chicago, including two incidents at homes in Hyde Park on the 5400 South block of Hyde Park Boulevard at 9 a.m. on March 27 and on the 5000 South block of Lake Shore Drive at 9 a.m. on May 3. The release said scammers appear to call from the Consulate General of the…

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Fintech Is Where It’s At For Financial ETFs (NASDAQ:FINX)

The future of financial services is already arriving through the financial technology industry, which is accessible via the Global X FinTech ETF (NASDAQ: FINX). FINX, which debuted in September 2016, follows the Indxx Global Fintech Thematic Index. The Global X ETF offers exposure to companies in industries such as insurance, investing, fundraising and third-party lending through unique mobile and digital solutions. What Happened Fintech is widely viewed as the growth area of the broader financial services universe (not all fintech stocks…

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‘This Court is not sentencing Mr Drumm for causing the financial crisis’

Director of Public Prosecutions v. David Drumm Introduction – Mr Drumm was convicted on the 6th June 2018 by unanimous verdict of the two offences charged on Bill of Indictment Number 289/16. Count 1 Conspiracy to defraud contrary to common law. Count 2 false accounting contrary to section 10 of the Criminal Justice (Theft and Fraud Offences) Act 2001. This trial has run for in excess of 80 days. Mr Drumm was the Chief Executive Officer of Anglo Irish Bank…

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UPDATE 1-German finance minister defends euro reforms against conservative attack

* Conservatives opposed to more euro transfers * Scholz defends unemployment insurance system * CSU says reforms could split European Union (Releads with Scholz) By Tom Körkemeier and Gernot Heller BERLIN, June 20 (Reuters) – Germany’s finance minister on Wednesday defended a euro zone reform blueprint agreed with France against criticism by Chancellor Angela Merkel’s conservatives that it could undermine monetary stability. Members of Merkel’s conservative bloc opposed to larger financial contributions to the euro zone reacted with scepticism to…

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Special Import Levy accrues GHC 610m – Deputy finance minister

Business News of Wednesday, 20 June 2018 Source: citifmonline.com 2018-06-20 Deputy Finance Minister, Kwaku Kwarteng Government accrued over 610 million cedis from the Special Import Levy in 2017, Deputy Finance Minister, Kwaku Kwarteng has revealed. The figure is up from the previous amount of over 550 million cedis generated in 2016. In 2017, the President Akufo Addo administration through an Act of Parliament abolished the 1% special import levy but maintained the 2 percent special import levy. The special…

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Financial experts of Modi government fed up: Congress – Canindia News

New Delhi, June 20 (IANS) The Congress on Wednesday took a dig at the Modi government over Chief Economic Advisor (CEA) Arvind Subramanian’s decision to quit his post, saying financial experts of the government were completely fed up by its “colossal economic mismanagement”. “Financial experts of Modi government are completely fed up by its colossal economic mismanagement, tepid economic reforms and financial anarchy. CEA Arvind Subramanian’s resignation, after the stepping down of Niti Aayog’s Arvind Panagriya and RBI Governor Raghuram…

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Millions of people could be left without financial safety net, warns TheCityUK

MILLIONS of people could be left without a financial safety net unless the UK and EU sign an agreement to ensure the continuity of cross-border financial contracts after Brexit, according to TheCityUK,finance sector industry body. TheCityUK claims that 36 million insurance policyholders across the UK and the European Economic Area, and £26 trillion of outstanding uncleared derivatives contracts, could be affected if the UK and EU fail to find a solution before Britain leaves the EU. A paper published today…

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East Aurora hires new head of finance

East Aurora School District 131 board members have approved hiring a new finance leader. Jeffrey Ryder, currently director of finance in nearby Oswego-based Community Unit School District 308, is set to become East Aurora’s assistant superintendent of finance, district officials said in a statement. Ryder is set to take over in July, with an annual salary of $145,000, according to a school board personnel report. He replaces Mike Prombo, who announced his resignation in March. Prombo has worked in the…

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Mahathir directed me to disclose scandals: Malaysia finance minister

PUTRAJAYA: Finance minister Lim Guan Eng has explained that he made the disclosures on financial scandals such as those linked to 1Malaysia Development Bhd (1MDB) as he was directed to do so by the prime minister. “I am not the prime minister and have no power to instruct other ministers to expose financial scandals that come under my ministry’s purview,” he said in response to Parti Keadilan Rakyat (PKR) de facto leader Anwar Ibrahim’s comment. Advertisement Anwar remarked during an interview with…

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Ku Li: Finance minister’s statement made people sell their shares | Malaysia

Tengku Razaleigh said that Finance Minister Lim Guan Eng lumped Malaysia’s debts together, making it appear that the government’s debt is over RM1 trillion. ― Picture by Azinuddin Ghazali KUALA LUMPUR, June 19 — Umno veteran Tan Sri Tengku Razaleigh Hamzah today said that if he were finance minister, he would not define the country’s real debt. The Gua Musang division chief and potential candidate for the party presidency said that Finance Minister Lim Guan Eng lumped Malaysia’s debts together,…

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Brighthouse Financial, Inc. Announces Closing of Secondary Offering of Common Stock

Brighthouse Financial, Inc. Announces Closing of Secondary Offering of Common Stock Brighthouse Financial, Inc. (Nasdaq: BHF) announced today the closing of its previously announced secondary public offering of 23,155,117 shares of its common stock (the “Common Stock”) at a price to the public of $44.50 per share. MetLife, Inc., Brighthouse Financial’s former parent company (“MetLife”), had previously exchanged the Common Stock sold in the offering for indebtedness of MetLife then owned by Goldman Sachs & Co. LLC, J.P. Morgan Securities…

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