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Category: Finance

  • Why MPs won’t be recalled for special sitting on Finance Bill

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    Investor Empires

    The National Assembly will not be summoned for a special session to consider President William Ruto’s reservations on the now-abandoned controversial Finance Bill, 2024 that sparked mass protests and breaches of Parliament Buildings on Tuesday. National Assembly Speaker Moses Wetangula, who received President Ruto’s memorandum of reservation over his refusal…

  • Explainer: What happens if Parliament rejects Finance Bill 2024 in totality

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    Investor Empires

    The Treasury presented a worst-case scenario if the entire finance bill is rejected in the National Assembly, warning of major spending cuts in a forced shake-up of the government’s spending plans. According to the Treasury, rejecting the bill would open a Sh200 billion revenue gap, leading to cuts of the…

  • Explainer: What happens if Parliament rejects Finance Bill 2024 in totality

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    Investor Empires

    The Treasury presented a worst-case scenario if the entire finance bill is rejected in the National Assembly, warning of major spending cuts in a forced shake-up of the government’s spending plans. According to the Treasury, rejecting the bill would open a Sh200 billion revenue gap, leading to cuts of the…

  • PNB Pranam Fixed Deposit Scheme for Senior Citizens

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    bankpediaa

    The PNB PRANAM Fixed Deposit Scheme is designed for individuals aged 55 to 60, allowing for a minimum deposit of Rs.100 and a maximum of Rs.1,99,99,999. Its key features include: Eligibility Deposit Amount Deposit Period During the tenor of deposit, under both the options, the account holder must attain the…

  • Finance Bill: MPs drop ‘punitive’ taxes as Kenyans protest

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    Investor Empires

    The National Assembly Finance Committee bowed to pressure from various stakeholders and dropped a number of controversial provisions in the 2024 Finance Bill, even as Kenyans took to the streets in Nairobi on Tuesday morning to protest the proposed laws. This afternoon, the committee is expected to submit its report…

  • “Unlocking the Internet of Value:” RippleX’s SVP Markus Infanger on Transforming Finance

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    Investor Empires

    Blockchain technology is poised to reshape the financial world, and Ripple is at the forefront of this transformation, with its XRP Ledger pushing the boundaries of what’s possible. Amid the vibrant energy of the XRP Ledger Apex 2024, an exclusive interview with Markus Infanger, VP of Product at Ripple, shed…

  • Finance Magnates London Summit is Returning for its 13th Year!

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    Investor Empires

    Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…

  • IAC Inc. announces senior finance officer’s departure By Investing.com

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    Investor Empires

    NEW YORK – IAC Corporation (NASDAQ:IAC), a leading computer programming and data processing services company, has announced a major change to its executive team. Eric Bradbury, the Company’s Senior Vice President and Controller, as well as its Chief Accounting Officer, has announced his resignation, effective August 9, 2024, to pursue…

  • IAC Inc. announces senior finance officer’s departure By Investing.com

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    Investor Empires

    NEW YORK – IAC Corporation (NASDAQ:IAC), a leading computer programming and data processing services company, has announced a major change to its executive team. Eric Bradbury, the Company’s Senior Vice President and Controller, as well as its Chief Accounting Officer, has announced his resignation, effective August 9, 2024, to pursue…

  • Meet Finance Magnates’ Team at iFX EXPO International 2024 Next Week!

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    Investor Empires

    Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…

  • Finance Guru Bill Miller IV

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    Investor Empires

    In his latest blog mail Under the headline “Why I’m Still Betting on Bitcoin,” financial expert and seasoned investor Bill Miller IV, CFA, CMT, Chairman and CEO of Miller Value Partners, reiterated his bullish stance on Bitcoin. According to Miller, who is chairman and CIO of Miller Value Partners and…

  • Swiss Finance Minister flags legal risks to winding up global banks By Reuters

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    Investor Empires

    ZURICH (Reuters) – International financial authorities must take into account the legal risks surrounding the potential liquidation of global banks, Swiss Finance Minister Karin Keller-Sutter said on Wednesday. In an interview with the Frankfurter Allgemeine Zeitung newspaper, Keller Sutter was asked whether the rules for dealing with banks deemed “too…

  • Meet Finance Magnates’ Team at Money20/20 Europe Next Week!

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    Investor Empires

    The Finance Magnates group will attend the upcoming Money20/20 Europe conference, which will be held in Amsterdam from June 4-6. Money20/20 has emerged as one of the major events of the year in the global fintech ecosystem. It will bring together some of the most innovative ideas and companies, showcasing…

  • UK Finance Urges Post-Election Government to Prioritise Growth and Fraud Prevention

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    Investor Empires

    UK Finance, the prominent banking trade association, has issued a call to action for the next government to implement policies that will stimulate economic growth and promote financial participation. Their Financial Services Statement sets out key initiatives aimed at tackling critical issues such as financial education, fraud prevention, and supporting…

  • Yen traders heads up – Japan finance minister Suzuki denies bilateral meeting with Yellen

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    Investor Empires

    Bank of Japan Governor Ueda and Japanese Finance Minister Suzuki spoke over the weekend, at the conclusion of the G7 meeting in Italy. Suzuki said he did not have a one-on-one meeting with US Treasury Secretary Yellen. This seems to indicate that there is no discussion about coordinated intervention by…

  • Yen traders heads up – Japan finance minister Suzuki denies bilateral meeting with Yellen

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    Investor Empires

    Bank of Japan Governor Ueda and Japanese Finance Minister Suzuki spoke over the weekend, at the conclusion of the G7 meeting in Italy. Suzuki said he did not have a one-on-one meeting with US Treasury Secretary Yellen. This seems to indicate that there is no discussion about coordinated intervention by…

  • Borroe Finance emerges as a strong contender while WIF, TON lag behind

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    Investor Empires

    Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Borroe Finance (ROE) is showing promising potential amid the market rally, while Dogwifhat and Toncoin are struggling. Dogwifhat (WIF) is among the few hype-based coin offerings that have been…

  • These Traditional Finance Giants Bought Bitcoin ETFs Last Quarter

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    Investor Empires

    Bitcoin continues to reach new levels of adoption in the real world, as traditional finance (TradFi) companies embrace the digital asset at a remarkable pace. The significant investment in Bitcoin exchange-traded funds (ETFs) indicates growing institutional interest in cryptocurrency assets. Last quarter, a surprising number of US banks, investment managers,…