Shore Capital eyes potential acquisitions after profit lift

first_img Shore Capital eyes potential acquisitions after profit lift KCS-content Tags: NULL Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp whatsapp BOUTIQUE investment bank Shore Capital yesterday said pre-tax profits doubled over the first half, despite a challenging period for the markets that included the election uncertainty and sovereign debt crisis in Europe. Shore posted a pre-tax profit of £4.73m for the six months to June, boosted by comparison with £2.92m of balance sheet losses in the same period last year. Comparing the earnings of the operating businesses, profit dipped 11.7 per cent to £4.59m.Managing director Graham Shore warned that the tough market conditions would continue for some time.“The government has started to make its moves on cutting the deficit, which we wholly agree with, but it is not going to make for an easy ride in the short term,” he said.He added that tricky conditions would make life difficult for competitors and that Shore was “keeping an eye out” for acquisition opportunities.Shore said its equity capital markets arm, where revenue was broadly flat on last year, had been driven by a strong performance from the market making team, the second largest on Aim. The fund management arm saw funds under management drop slightly to £1.28bn over the period. Show Comments ▼ Tuesday 14 September 2010 8:37 pm last_img read more

Diamond Trust Bank of Kenya Limited ( 2003 Annual Report

first_imgDiamond Trust Bank of Kenya Limited ( listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2003 annual report.For more information about Diamond Trust Bank of Kenya Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Diamond Trust Bank of Kenya Limited ( company page on AfricanFinancials.Document: Diamond Trust Bank of Kenya Limited (  2003 annual report.Company ProfileDiamond Trust Bank of Kenya Limited is a financial services and insurance group providing products and services to clients in Kenya, Tanzania, Uganda and Burundi. The company offers a diverse range of products for transactional banking as well as a full service offering for mortgages, asset financing and an insurance premium finance facility. Its treasury services include spot and forward foreign exchange transactions, cross currency swaps and deals, fixed income securities, corporate bonds, fixed income securities, structured treasury products and money market products. Its trade finance services include letters of credit, documentary and clean collections, negotiation of export bills, suppliers credit financing and bank guarantees. Formerly known as Diamond Trust of Kenya, the company changed its name to Diamond Trust Bank Kenya Limited in 1997. Its head office is based in Nairobi, Kenya. Diamond Trust Bank of Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

Sales soar at ASOS but I think this FTSE 100 growth stock is a better buy

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Enter Your Email Address Paul Summers | Wednesday, 15th July, 2020 | More on: ASC BRBY I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Sales soar at ASOS but I think this FTSE 100 growth stock is a better buycenter_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. With fashion stocks hitting the headlines for all the wrong reasons recently, one could forgive holders of online-only brand ASOS (LSE: ASC) being a little nervous this morning.Personally, I would find today’s update reassuring. That said, it’s also understandable that the shares fell in early trading. Let me explain.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…ASOS: Profiting from lockdownDespite much of the world being in lockdown over the period, group sales over the four months to the end of June came in 10% higher (£1.01bn) compared to the same period in 2019.Interestingly, most of this growth came from outside the UK with International sales jumping 17% to £654.1m, helped by the easing of lockdown measures. Representing two-thirds of total sales, this highlights just how geographically diversified the AIM-listed star’s earnings are these days.Despite remaining cautious on the outlook for the business given the costs of adapting to the coronavirus, ASOS now expects pre-tax profit for the current financial year will come in “towards the top end of market expectations”. Considering how difficult 2020 has been so far, all this sounds rather marvellous. So, why did the shares fall?One likely reason is that a lot of this good news is already priced in. The fact that online-only retailers have flourished in the lockdown is no secret. Indeed, recent numbers from out-of-favour peer Boohoo already pointed to massive hikes in sales of items such as loungewear. Seen from this perspective (and taking into account recent revelations surrounding the treatment and pay of garment worked in Leicester), it’s possible many investors decided to bank some profit.And who can really blame them? Had you the courage to invest in ASOS at the height of the market crash, you’d now be looking at a stunning gain of around 220%. Since the share price looks thoroughly up to date with recent news, I think anyone interested in adding a fashion-focused firm to their portfolio should look for value elsewhere.One potential option is FTSE 100 luxury stock Burberry (LSE: BRBY). Conveniently, it also reported to the market this morning. Down…but not outIn sharp contrast to ASOS, Burberry said that comparable sales had tumbled 45% over the 13 weeks to the end of June. That said, this percentage had reduced to roughly 20% in June as governments eased lockdown restrictions and stores reopened. Sales in the Asia Pacific region actually returned to growth.Nevertheless, the tone of today’s release was still pretty gloomy.Although no one can predict exactly what will happen next, the FTSE 100 member expects trading will “continue to be materially impacted by the pandemic” over Q2 (ending in September). Comparable sales are expected to fall by between 15% and 20%. Some retail stores will remain closed or open for reduced hours.Knowing this, it’s perhaps understandable that shares were down almost 7% this morning. Being the Foolish long-term holder that I am, however, I’m not inclined to do anything.While some businesses won’t survive the pandemic, Burberry’s exclusivity should see it through. Positive responses to new product launches bode well. The additional £55m of cost-cutting measures announced today should boost its financial health. In ‘normal’ times, Burberry achieves great returns on capital and far higher margins than ASOS. These are the sort of stocks to buy and hold for years.All bias aside, I continue to rate it as a buy at this level. Our 6 ‘Best Buys Now’ Shares Paul Summers owns shares of Burberry and boohoo group. The Motley Fool UK has recommended ASOS, boohoo group, and Burberry. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Paul Summerslast_img read more

Apopka Fire Chief Wylam’s COVID-19 video message and symptom chart for…

first_img Please enter your name here From the City of ApopkaSpecial video message from Apopka Fire Chief Sean Wylam.Symptom Chart for Coronavirus (COVID-19), Cold, Flu, or Seasonal Allergies Feeling tired and weakSometimesSometimesCommonSometimes SneezingNoCommonNoCommon Symptom Chart for Coronavirus versus Cold versus Flu versus Seasonal Allergies* Information is still evolving. **Allergies, colds, and flus can all trigger asthma, which can lead to shortness of breath. COVID-19 is the only one associated with shortness of breath on its own. Sources: Asthma and Allergy Foundation of America, World Health Organization, Center for Disease Control and Prevention. CoughCommon(usually dry)Common (Mild)Common(usually dry)Rare(usually dry unless it triggers asthma) Share on Facebook Tweet on Twitter Length of Symptoms7 to 25 daysLess than 14 days7 to 14 daysSeveral Weeks Shortness of breathSometimesNo**No**No** Body Aches and PainsSometimesCommonCommonNo You have entered an incorrect email address! Please enter your email address here Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 SymptomsCoronavirus* (Covid-19) Symptoms range from mild to severeCold (Gradual onset of symptoms)Flu (Abrupt onset of symptoms)Seasonal Allergies (Abrupt onset of symptoms)center_img DiarrheaSometimesNoSometimes for childrenNo Sore throatSometimesCommonSometimesSometimes(usually mild) Support conservation and fish with NEW Florida specialty license plate The Anatomy of Fear LEAVE A REPLY Cancel reply FeverCommonShort fever periodCommonNo HeadachesSometimesRareCommonSometimes (related to sinus pain) Please enter your comment! Runny or stuffy noseRareCommonSometimesCommon TAGSallergiesCity of ApopkaColdCOVID-19Fire ChiefFluSymptom ChartVideo Message Previous articleFor asthma patients, coronavirus can be scary. Here’s what you need to knowNext articleRep Kamia Brown to host Farm Share within the South Apopka community Denise Connell RELATED ARTICLESMORE FROM AUTHOR Save my name, email, and website in this browser for the next time I comment.last_img read more

Eddie Butler sums up Jonny Wilkinson career with rousing tribute

first_imgTuesday May 27, 2014 Eddie Butler sums up Jonny Wilkinson career with rousing tribute Jonny Wilkinson’s career comes to an end shortly, but in the past few years he’s managed to get the best out of a body that has suffered with injury throughout. Rugby writer and commentator Eddie Butler pays tribute to the great flyhalf, who is ending his career on a high with Toulon.All that remains is a Top 14 final, the ultimate prize for the French team that have put together something special down south. A Rugby World Cup, Heineken Cup and possibly a Top 14 title. Not a bad little career for a player that considers himself totally over-rated. ‘Adored from one end of the continent to the other, all around the rugby playing world.’video credit: theguardian and badboyADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Player Features Related Articles 28 WEEKS AGO New Zealand rugby pod admit Owen Farrell… 29 WEEKS AGO WATCH: Bath prop launches Amazon documentary… 30 WEEKS AGO The highs and lows of Yoann Huget after he… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life Reports30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

FSA Expands Set-Aside Loan Provision for Customers Impacted by COVID-19

first_img SHARE Home Indiana Agriculture News FSA Expands Set-Aside Loan Provision for Customers Impacted by COVID-19 Previous articleThe Week in Review Podcast – Hoosier Ag This Week for May 23, 2020Next articleWhat Should Your Priorities After Planting Be? USDA Communications SHARE Facebook Twitter USDA’s Farm Service Agency (FSA) will broaden the use of the Disaster Set-Aside (DSA) loan provision, normally used in the wake of natural disasters, to allow farmers with USDA farm loans who are affected by COVID-19, and are determined eligible, to have their next payment set aside. In some cases, FSA may also set aside a second payment for farmers who have already had one payment set aside because of a prior designated disaster.“This immediate change of the Set-Aside provision can provide some welcome financial relief to borrowers during this current crisis,” said FSA Administrator Richard Fordyce. “FSA recognizes that some customers may need this option to improve their cash flow circumstances in response to the COVID-19 outbreak.”FSA direct loan borrowers will receive a letter with the details of the expanded Disaster Set-Aside authorities, which includes the possible set-aside of annual operating loans, as well as explanations of the additional loan servicing options that are available. To discuss or request a loan payment Set-Aside, borrowers should call or email the farm loan staff at their local FSA county office.The set-aside payment’s due date is moved to the final maturity date of the loan or extended up to twelve months in the case of an annual operating loan. Any principal set-aside will continue to accrue interest until it is repaid. This aims to improve the borrower’s cashflow in the current production cycle.FSA previously announced it was relaxing the loan-making process and adding flexibilities for servicing direct and guaranteed loans to provide credit to producers in need. Direct loan applicants and borrowers are encouraged to contact their local FSA county office to discuss loan making and servicing flexibilities and other needs or concerns. Customers participating in FSA’s guaranteed loan programs are encouraged to contact their lender. Information on these flexibilities, and office contact information, can be found on will be accepting most forms and applications by facsimile or electronic signature.  Some services are also available online to customers with an eAuth account, which provides access to the portal where producers can view USDA farm loan information and certain program applications and payments.  Customers can track payments, report completed practices, request conservation assistance and electronically sign documents. Customers who do not already have an eAuth account can enroll at By USDA Communications – May 24, 2020 Facebook Twitter FSA Expands Set-Aside Loan Provision for Customers Impacted by COVID-19last_img read more

Baseball continues to keep simple focus during win streak

first_imgFacebook Twitter Robbie Vaglio What to watch during quarantine Josh Watson watches as he hits a ball into play. Photo by Cristian ArguetaSoto Two students joined harassment and discrimination lawsuit against TCU TCU rowing program strengthens after facing COVID-19 setbacks Robbie Vaglio Another series win lands TCU Baseball in the top 5, earns Sikes conference award Facebook printTCU baseball has focused on three simple aspects of the game over the past couple weeks: pitching, defense and timely hitting.These three elements have propelled the young team to a new level at the perfect time of the season head coach Jim Schlossnagle said.Following the sweep at Baylor on Apr. 22, the Horned Frogs were at a low, sitting at 19-17 with postseason chances looking slim to none.To make matters worse, the team lost their ace in Jared Janczak and most explosive hitter in Luken Baker for the season. Janczak recently had surgery to repair Thoracic Outlet Syndrome while Baker fractured his left fibula and tore a ligament in his left ankle.“Those are definitely big losses,” sophomore pitcher Nick Lodolo said. “Everyone is doing their part. It would be great to have them, but we don’t. Everyone has to step up now and do our part.”Since then, Schlossnagle’s squad has exploded for eight wins in their last nine ballgames.“We got back home and we got some timely hits to get us going,” Schlossnagle said. “Some experience from Wanhanen and Watson started to show. These guys know where we are in the season and what has to happen for us to have any type of season in late May.”In the midst of their current five-game win streak, pitching and defense hit an all-time high for any Schlossnagle-lead team in Fort Worth. The Horned Frogs pitched 42.2 scoreless innings, the longest such streak under the head coach.“The biggest thing that stands out to me is we’re not giving as many free bases as we were before,” Lodolo said. “Starters are pitching well and we have guys in the bullpen attacking the zone and doing exactly what they’re supposed to do.”Jared Janczak deals toward home plate in a win over Kansas State. Photo by Cristian ArguetaSotoTwo starters who exploded during the win streak are sophomores Haylen Green and Jake Eissler. Coming out of the bullpen, sophomore reliever Cal Coughlin earned the first two saves of his career over the weekend.He attributed the team’s current success to their confidence.“We’re attacking and winning more of the little battles,” Coughlin said. “We’re taking it batter by batter and executing just like we should. It’s clicking and it’s paying off now.”Coughlin concurred with Lodolo and said that each team member has begun to do their job and take accountability for themselves.“I’ve always said our strength was going to be our pitching,” Schlossnagle said. “It’s tough to have this stretch without Janczak, but I’m super proud of how the guys who have been able to move into different spots and are playing well.”While the win streak is exciting at the moment, Schlossnagle understands there is still a lot of baseball to be played this season.“I wouldn’t make much of it yet,” Schlossnagle said. “Hopefully we can keep it up as we get into the fun part of the year.”The Horned Frogs will look to keep their win streak alive this weekend as they host West Virginia for a three-game series at Lupton Stadium. The series will begin Friday night at 6:30 p.m.Following a series victory over West Virginia to conclude the home portion of their schedule, the Horned Frogs will play their final four games away from Lupton Stadium. TCU will travel to face Stephen F. Austin Tuesday night with first pitch scheduled for 6:30 p.m. Twitter ReddIt Robbie Vaglio + posts Robbie Vaglio ReddIt Previous articleWilliams earns NBA Combine invitation, draws praise from Houston Rockets’ scoutNext articleBaseball caps senior day with series victory over West Virginia Robbie Vaglio RELATED ARTICLESMORE FROM AUTHOR Robbie Vaglio Linkedin TCU baseball finds their biggest fan just by saying hello TCU wants ex-professor’s discrimination suit dismissed I am the executive editor of TCU 360 from Raleigh, North Carolina. If you walk by my desk in the newsroom you’ll immediately know I’m Post Malone’s biggest fan. I’m always looking for a good story to tell! If you have any story ideas, feel free to reach out! Go Panthers! Linkedin Snow temporarily stepping down as honors deanlast_img read more

Australian authorities had no reason to apologise to Jakarta governor Sutiyoso

first_img February 22, 2021 Find out more ——————-30.05.07Jakarta governor becomes fugitive from justice in Balibo five investigationReporters Without Borders voiced support today for Glebe deputy coroner Dorelle Pinch after her inquest into the 1975 murders of journalist Brian Peters and four colleagues in East Timor led to a diplomatic incident. A former Indonesian army officer who served in East Timor in 1975 and who is now governor of Jakarta yesterday chose to cut short an official visit to Australia rather than comply with a summons to testify.”We condemn Governor Sutiyoso’s decision to flee rather than testify to the coroner’s court,” the press freedom organisation said. “Dorelle Pinch must continue her investigation into the killing of the five journalists on 16 October 1975 in the East Timor town of Balibo. There is no reason to keep protecting the Indonesian military indefinitely.”Reporters Without Borders added: “Justice must now prevail, not impunity or diplomatic deals. What happened in Balibo was a war crime – the physical elimination of people who knew too much about a military invasion that subsequently led to the deaths of tens of thousands of Timorese.”The guest of the New South Wales government, Jakarta governor Sutiyoso was at his Sydney hotel yesterday when a police officer handed him a summons to appear before Pinch’s court, located in the Sydney suburb of Glebe. A retired lieutenant-general and possible candidate in the next presidential election, Sutiyoso was asked to testify as a member of the Indonesian brigade that attacked Balibo at the start of the invasion of East Timor.According to an Indonesian war reporter, Sutiyoso was a member of the special forces that killed the five journalists, although he denies being in Balibo. Within hours of receiving the summons, Sutiyoso boarded a flight to Jakarta and gave the Australian government a formal apology. Anti-Austrialian protests were held in Jakarta and Australian citizens were threatened. News News Evidence given by different witnesses to the Sydney coroner’s court inquest into the death of Brian Peters and four other journalists in the East Timor town of Balibo on 16 October 1975 indicate that former Gen. Sutiyoso, now governor of Jakarta, may have been an army captain in “Team Susi,” the Indonesian military unit responsible for taking Balibo that day.Members of an Indonesian coalition of human rights groups said at a new conference in Jakarta on 31 May that Governor Sutiyoso should have been arrested during a visit to Sydney when he failed to comply with a summons to give evidence to the inquest.Referring to UN police archives, the coalition said Sutiyoso led the unit that took the town of Batugade, which became the strategic base for taking Balibo a few days later. Now a retired army general, Sutiyoso commanded troops that committed war crimes during the invasion and occupation of East Timor, the coalition said. His name has also been mentioned in connection with the repression of Indonesian oppositions group, especially the PDI, during the dictatorship and the repression of separatists in Aceh.”Governor Sutiyoso’s orchestration of a diplomatic crisis since his return to Jakarta should not make us forget his record of human rights violations,” a coalition spokesperson said. “The Australian government should have insisted that the governor of Jakarta appear before the court in Sydney.”After cutting short a trip of Sydney and returning to Jakarta on 29 May, Gen. Sutiyoso angrily complained that a police officer forcibly entered his Sydney hotel room to deliver him the summons to appear before the inquest. His demands for an official apology were followed by anti-Australian demonstrations in Indonesia.Australia’s ambassador in Indonesia, Bill Farmer, and New South Wales premier Morris Iemma (who had invited Gen. Sutiyoso to Sydney) quickly apologised to him and said the “regrettable” incident would be investigated.When the inquest into the death of the five journalists in Balibo began last February, the Indonesian foreign minister warned Australia that “any discovery hostile to Indonesia in the course of this inquiry would only weaken the already tenuous links of this bilateral relationship.” News June 6, 2007 – Updated on January 20, 2016 Australian authorities had no reason to apologise to Jakarta governor Sutiyoso Organisation November 19, 2020 Find out more Help by sharing this information Follow the news on Australia Receive email alerts RSF_en In his summing-up, coroner’s legal counsel Mark Tedeschi yesterday asked the court to reach a verdict that the deaths of Peters and his four colleagues – who all worked for Australia TV stations – were premeditated murders by the Indonesian armed forces.Since resuming hearings on 2 May, the inquest has gathered ample evidence, including testimony by new witnesses, to establish that these murders were “war crimes” and to have recourse to international police procedures. The Geneva Conventions concerning the protection of civilians in war time empower the Australian judicial authorities to continue investigating these murders and to punish the perpetrators and their accomplices. AustraliaAsia – Pacific On eve of the G20 Riyadh summit, RSF calls for public support to secure the release of jailed journalists in Saudi Arabia AustraliaAsia – Pacific to go further RSF condemns Facebook’s blocking of journalistic content in Australia January 21, 2021 Find out more Google experiments drop Australian media from search results Newslast_img read more

Chase CEO: ‘Big, Dumb Banks’ Should Be Allowed to Fail

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles  Print This Post November 5, 2015 1,289 Views Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Tagged with: Bailouts Banks Jaime Dimon JPMorgan Chase Too Big to Fail Should banks actually be allowed to fail? Well, the “big, dumb” ones should, according to JPMorgan Chase chairman and CEO Jamie Dimon, who on Wednesday blasted the institutionalized belief that mega-dollar bailouts for badly run banks is good for the economy.Dimon’s comments that banks should be allowed to fail is the latest in a growing movement among top-tier banking execs who believe that financial institutions earn their own success or failure. In June, Wells Fargo’s former CEO, Dick Kovacevich, called the Troubled Asset Relief Program, or TARP, “an unmitigated disaster” for several reasons, including institutionalizing the concept that there are some banks that can’t be allowed to go under. For Dimon, if a bank can’t keep its house in order, it does not deserve help getting out of the trouble it caused itself.The call to end bailouts has even become a political campaign issue. In October,presidential candidate Hillary Clinton stressed to TV host Stephen Colbert the importance of investors knowing that their banks could fail, and that the price of mismanagement should be suitably harsh.Dimon’s comments also coincide with a series of bills passed Wednesday by the House Financial Services Committee that aim to boost economic growth by increasing the accountability of financial regulators. At the sessions, Committee Chairman Jeb Hensarling (R-Texas) said that the Dodd-Frank Act of 2010, rather than eliminating the “too big to fail” concept, has simply made more bureaucrats more untouchable and left more taxpayers to pick up an increasingly hefty bill for the economy in the wake of TARP assistance.”Banks should be allowed to fail,” said Dimon, speaking to 300 CEOs and senior executives at the Fortune Global Forum in San Francisco. “For the American public, [bailouts] should be called ‘bankruptcy for big, dumb banks.'”Noteworthy is that JPMorgan Chase accepted $25 billion in TARP assistance in 2008, which Dimon at the time said the bank accepted “because we were asked to.” The bank has since paid the money back, plus more than $1 billion in fines related to the company’s acquisitions of Bear Stearns and Washington Mutual. About Author: Scott Morgan Chase CEO: ‘Big, Dumb Banks’ Should Be Allowed to Fail Servicers Navigate the Post-Pandemic World 2 days ago Previous: House Passes Amendment to Transportation Bill, Eliminating Delay to GSE G-Fee Cuts Next: Wells Fargo Promotes New Head of Home Lending Servicingcenter_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Share Save Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Chase CEO: ‘Big, Dumb Banks’ Should Be Allowed to Fail Bailouts Banks Jaime Dimon JPMorgan Chase Too Big to Fail 2015-11-05 Scott Morgan in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Doherty and Mac Lochlainn both support a three candidate strategy

first_img WhatsApp Google+ Facebook WhatsApp Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest Doherty and Mac Lochlainn both support a three candidate strategy Sinn Féin sitting TDs in Donegal have backed the bid by Cllr Gary Doherty to be approved as a general election candidate.Deputies Pearse Doherty and Padraig Mac Lochlainn have issued a joint statement saying they would welcome Gary Doherty’s inclusion as a third Sinn Féin candidate.They say while it would present a significant challenge, the party’s members across Donegal are energised and up for the challenge of getting three Sinn Féin TDs in the newly formed single Donegal constituency. Twitter Previous articleBody found near Manorcunningham during search for missing manNext articleSocial finance seminar this evening for community groups and clubs in Donegal admin Google+center_img RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published By admin – October 14, 2015 Need for issues with Mica redress scheme to be addressed raised in Seanad also Homepage BannerNews Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Minister McConalogue says he is working to improve fishing quota LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Pinterestlast_img read more