Finance

Citigroup announces new investment banking unit in green push

(Reuters) – Citigroup Inc has announced that it will consolidate three of its investment banking groups into one in a bid to promote environmental sustainability, an area that has become critical for investors. The new unit, which will be called Natural Resources and Clean Energy Transition Group, will be headed …

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Irish unit of Bain Capital sues Greek bank over loans

An Ireland-based unit of US investment giant Bain Capital sued Greek bank Piraeus in a € 34m action, claiming the Balkan institution breached guarantees when it sold a portfolio of loans unproductive to Irish society. iraeus Bank defends the action in the High Court in London and insisted that the …

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Mobile payment options for your digital wallet

Credit and debit cards have started a revolution. You no longer have to carry a checkbook or go to the appliance store with hundreds of dollars in cash to pay for that new washer. Yet they are not without problems. We have become so used to giving our card to …

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Caliber kicks off in 2021 with $ 153 million non-prime RMBS deal

Caliber Home Loans markets the first private label residential mortgage-backed bond sale of 2021 with its latest pool of non-senior loans, according to Fitch Ratings. COLT 2021-1R Mortgage Loan Trust is a $ 153.65 million transaction comprising 10 tranches of notes, secured by 268 first and second mortgages issued by …

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Instant loan apps trick HR manager into scam

In 5 months, a 25-year-old was forced to download at least 25 applications, each claiming to bail it out from a previous loan; cybercrime cell survey In a ghastly sample of desperation making people gullible, a young HR manager found herself trapped in a financial scam after downloading an instant …

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ECB must react if countries ‘bypass’ EU loans: Mersch

FRANKFURT, November 9 (Reuters) – The European Central Bank should act if it finds out governments are taking advantage of the ultra-low borrowing costs it helped create to avoid tapping into the European Union’s $ 750 billion Stimulus Fund, Yves said on Monday. Mersch, member of the board of directors …

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Taxpayers Cash Checks for Unexpected State Premium Relief

States from California to Maryland are using higher than expected incomes in this Covid economy to fuel their own relief efforts in the absence of additional federal aid. Total tax revenue collected in the 50 states fell 1.8% from March to December 2020 compared to the same period in 2019, …

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