Category: Credit
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Universal credit tax rate hindering employment efforts
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The new government must address the 55% effective tax rate on Universal Credit recipients if it aims to reduce unemployment. This is what Robert Salter, technical director at tax and audit consultancy Blake Rothenberg, pointed out, highlighting the issue in light of the recent King’s Speech, in which the government…
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Blackstone taps Citi veteran Tyler Dickson for a key role in credit business By Reuters
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(Reuters) – Private equity firm Blackstone said on Tuesday it has hired Tyler Dixon, the former global head of investment banking at Citigroup, to lead client relationships for its credit and insurance unit. The new role will oversee the Institutional Client Solutions team at Blackstone Credit & Insurance (BXCI), and…
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First GST/HST credit payment coming July 5
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Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article Content OTTAWA — The first of four payments of the GST/Harmonized Goods and Services Tax Credit is scheduled to arrive in Canadians’ bank accounts on…
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CGI acquires Celero’s business serving credit union clients across Canada By Investing.com
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Stock market symbolsGIBA (TSX)GIP (New York Stock Exchange)cgi.com/newsroom Acquisition expands CGI’s managed services offerings to more than 90 credit unions nationwide Montreal, July 4, 2024 CGI Corporation (TOKYO:GIB.A) (NYSE:GIB) today announced the acquisition of the credit union business of Celro, which serves customers throughout CanadaThis transaction consists of key service…
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Mwananchi Credit blocked from selling seized lorries in Sh9.2m row
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Mwananshi Credit has failed in its attempt to lift an injunction preventing the small lender from selling two trucks owned by two dealers that were seized because of a disputed loan. High Court Judge Kizito Magari has upheld the Milimani Magistrate’s injunction restraining the micro-lender from selling the two trucks…
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Private credit boom drives Sixth Street hiring spree in Europe By Reuters
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Written by Sinead Cruz and Tommy Reggiore Wilkes LONDON (Reuters) – Sixth Street is embarking on the biggest European recruitment drive in its 15-year history, taking up a new regional headquarters in London’s Mayfair and adding up to 20 staff this year to focus on private credit and real estate.…
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Altshuler Shaham enters non-bank credit
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Investment house Altshuler Shaham announced today that the group’s public company, Altshuler Shaham Finance (TASE: ALTF), headed by Yair Levenstein, has signed an agreement to purchase the business of Credit Team, which holds a license from the Capital Markets, Insurance and Savings Authority to provide credit. Under the agreement, Altshuler…
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Monex Introduces Credit Card Payment Option for Mutual Funds
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UBS rejiggers its Group Executive Board as part of Credit Suisse integration (NYSE:UBS)
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MoreISO/iStock editorial via Getty Images In a further phase of the integration of Credit Suisse into the UBS Group (New York Stock Exchange: UBS), the company announced a number of changes to its Executive Board of Directors (“GEB”), including the retirement of Credit Suisse AG CEO Ulrich Körner and Noreen…
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Buy Now, Pay Later Gets Regulated, But Are Credit Cards the Right Benchmark?
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The world of finance is in a constant state of change. New technologies and spending habits are emerging, blurring the lines between traditional methods and innovative alternatives. One such nuisance is buy now, pay later (BNPL), a payment option that allows consumers to split purchases into smaller, often interest-free instalments.…
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Credit Agricole says EUR/JPY is overvalued By Investing.com
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Credit Agricole’s (OTC:) FAST FX model indicated that the currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimates that the short-term fair value of the EUR/JPY has fallen from a record high of 163.9110 to 162.1633. This shift is due to the rise in…
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Credit Agricole says EUR/JPY is overvalued By Investing.com
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Credit Agricole’s (OTC:) FAST FX model indicated that the currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimates that the short-term fair value of the EUR/JPY has fallen from a record high of 163.9110 to 162.1633. This shift is due to the rise in…
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Financiers fret over ‘leverage on leverage’ in private credit By Reuters
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Written by Paritosh Bansal (Reuters) – For some elite financiers gathered in Los Angeles for a Milken Institute conference, excessive debt in private markets reminds them of the risk-taking days before the 2008 financial crisis. In the halls of the Beverly Hilton Hotel and in meetings across the city last…