• JPMorgan alternative investments arm seeks to raise USD10bn

    The alternative investments business of JPMorgan Chase & Co said that it is looking to raise up to USD10bn to improve its spending power amid the Covid-19 pandemic. According to Anton Pil, the global head of alternatives for the bank’s asset management unit, the US lender seeks to raise about USD5bn to USD10bn in the next couple of months from clients that include pension funds, sovereign wealth funds, family offices, and private banks. The bank currently has USD10bn of client capital that it plans to invest in opportunities created by…

NEWS

    The Approaching Debt Wave

    The Approaching Debt Wave

    23:12 Jan 31, 2020 GMT +8 - Project Syndicate

    The World Bank has warned that a massive debt wave is building worldwide. There is no telling who will be hit the hardest, but if vulnerable countries, from the United Kingdom to India, do not act soon,…

    General News Headlines
    The United Kingdom’s Paradise Lost

    The United Kingdom’s Paradise Lost

    21:49 Jan 31, 2020 GMT +8 - Project Syndicate

    In imagining a post-Brexit future, UK Prime Minister Boris Johnson's government is acting as if it is entering a world of new, attractive alternatives from which to choose. But today's Conservatives seem…

    General News Headlines
    What the ECB’s Strategy Review Must Do

    What the ECB’s Strategy Review Must Do

    19:40 Jan 31, 2020 GMT +8 - Project Syndicate

    The European Central Bank’s new strategy review must recognize that economists are still a long way from understanding the dynamics of low inflation. Given this uncertainty, the ECB should aim to adopt…

    General News Headlines
    In Defense of Cosmopolitanism

    In Defense of Cosmopolitanism

    19:03 Jan 31, 2020 GMT +8 - Project Syndicate

    Nowadays, the word "cosmopolitan" conjures an image of jet-setting, latte-sipping elitists with little or no regard for their fellow citizens. In fact, cosmopolitans are idealists for whom love of country…

    General News Headlines
    Sibs brings cardless cash withdrawals to Portugal's ATMs

    Sibs brings cardless cash withdrawals to Portugal's ATMs

    19:36 Aug 21, 2019 GMT +8 - Finextra Headlines

    SIBS, a leader in payments processing and financial technological services in Europe, launched the n...

    General News Headlines, Enterprise/IT/Op Risk & Security
    Goldman CEO:

    Goldman CEO: "Apple card is big, but it's also a beginning"

    18:54 Aug 21, 2019 GMT +8 - Finextra Headlines

    Goldman Sachs CEO David Solomon says the launch of its co-branded card with Apple is just "the begin...

    General News Headlines, Enterprise/IT/Op Risk & Security
    Bank Indonesia mandates single QR Code standard

    Bank Indonesia mandates single QR Code standard

    18:42 Aug 21, 2019 GMT +8 - Finextra Headlines

    Bank Indonesia has launched a Quick Response (QR) Code standard for payments through server-based e-...

    General News Headlines, Enterprise/IT/Op Risk & Security
    Square looks for growth beyond payments

    Square looks for growth beyond payments

    18:40 Aug 21, 2019 GMT +8 - Finextra Headlines

    At Square, we’re working to create the future of commerce, and we want to inspire developers to buil...

    General News Headlines, Enterprise/IT/Op Risk & Security
    SBI says no plans to discontinue debit cards

    SBI says no plans to discontinue debit cards

    18:33 Aug 21, 2019 GMT +8 - Livemint Money

    SBI is planning to establish nearly 10 lakh YONO Cash Points in the country over 18 months.YONO is a digital banking platform of State Bank of India

    General Business News/Finance, General News Headlines
    IndusInd Bank revises interest rate on fixed deposits. Latest FD rates here

    IndusInd Bank revises interest rate on fixed deposits. Latest FD rates here

    17:36 Aug 21, 2019 GMT +8 - Livemint Money

    IndusInd Bank also offers higher interest rates to senior citizens.IndusInd Bank revised interest rates effective from 10 August

    General Business News/Finance, General News Headlines
    SBI claims new repo-linked home loan 'cheapest' at 8.05%: How it works

    SBI claims new repo-linked home loan 'cheapest' at 8.05%: How it works

    17:06 Aug 21, 2019 GMT +8 - Livemint Money

    In July, SBI was the first bank to introduce home loan rate linked to RBI's repo rate.Under the new home loan product from SBI, the interest rate changes automatically from the next month of RBI's repo…

    General Business News/Finance, General News Headlines
    Five things that can make your retirement stress-free

    Five things that can make your retirement stress-free

    15:28 Aug 21, 2019 GMT +8 - Livemint Money

    Not everyone is entitled to an employer-sponsored pension.Longevity risk, or the risk of outliving the available corpus, is the biggest stress for senior citizens

    General Business News/Finance, General News Headlines
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