Financial
By Nupur Anand NEW YORK (Reuters) – U.S. regulators warned bankers on Wednesday that the government will continue to beef up efforts to fight money laundering and enforce know-your-customer rules. One week after Donald Trump’s presidential election victory, banking industry experts gathered in New York and were focused on his…
MFA Financial (MFA) has reported a positive outlook in its third-quarter earnings call for 2024, with distributable earnings of $0.37 per share and an economic return of 3.3%. The Federal Reserve’s recent rate cut is expected to benefit the company’s fixed-income investments. Management changes were announced, with Bryan Wulfsohn taking…
TDS US Cellular (NYSE: USM) reported its third-quarter 2024 earnings on October 24, 2024, with key financial results and strategic initiatives indicating a period of growth and strategic transactions. The company discussed its ongoing recovery efforts, improved financial metrics such as adjusted EBITDA, and the ongoing sale of wireless operations…
SB Financial (ticker not provided) has reported a net income of $2.7 million for the third quarter of 2024, marking a year-over-year increase. Diluted earnings per share (EPS) rose to $0.41, reflecting a 3.3% growth from the previous year. The company also noted a tangible book value per share up…
The New York Liberty defeated the Minnesota Lynx to become first-time WNBA champions.The final capped off a record year for the WNBA as attendance and viewership soared.On Thursday, the team celebrated with a jubilant parade through Lower Manhattan. The New York Liberty celebrated their WNBA championship victory with a parade…
South Plains Financial, Inc. (NASDAQ: NASDAQ:), a Texas-based bank, reported in its Third Quarter 2024 Earnings Conference Call an unchanged diluted earnings per share (EPS) of $0.66 compared to the previous quarter. The bank saw a decrease in its loan portfolio but an increase in deposits and a strong capital…
Danny Eng was poached by Affirm to build a buy now pay later card in 2021.Eng previously worked at Credit Karma, where he led key projects and had a positive experience.Affirm offered Eng a senior role with a pay rise, and he’s happy with his decision to move over. This…
Regions Financial Corporation (NYSE: NYSE:) reported strong third-quarter earnings for 2024, with net income of $446 million and earnings per share of $0.49. The company saw growth in both net interest income and fee revenue, but noted cautious optimism among corporate customers due to economic uncertainty. Key Takeaways: • Total…
Russia is proposing alternative payment systems and commodity centers.The proposal aims to strengthen BRICS economies’ sovereignty and reduce dollar reliance.Challenges include entrenched dollar dominance and existing global trading systems’ liquidity. Russia has released new details on how it could move away from the dollar, part of a long-running effort to…
By Michelle Price WASHINGTON (Reuters) – If Republican former President Donald Trump wins the U.S. election on Nov. 5 he is expected to swiftly overhaul the country’s financial regulators, which under Democratic President Joe Biden have pursued a slew of stringent new rules for banks, private funds and other lenders.…
