New Jersey Assembly Advances “Mass Violence Care Fund” Bill
TRENTON, NJ – The New Jersey Assembly Appropriations Committee has reported favorably on Assembly Bill No. 4409, with significant amendments. The bill, dated June 24, 2024, proposes the creation of the “Mass…
Hedge fund Citadel to move headquarters to Miami from Chicago
By Svea Herbst-Bayliss BOSTON – Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from Chicago, becoming the latest investment firm to…
Colombia’s government, Ecopetrol will shore up fuel price fund
BOGOTA – Shareholders of Colombia’s majority state-owned oil company Ecopetrol on Friday approved a plan to shore up the country’s fuel-price stabilization fund (FEPC), as well as an extraordinary dividend for minority…
Global equity fund outflows rise on fears of inflationary risks
(Reuters) – Global investors withdrew big money out of equity and bond funds in the week ended June 15, on elevated concerns over rising inflation levels and chances of an economic recession…
ARK’s Cathie Wood keeps focus on deflation as fund slump continues
By David Randall NEW YORK – Slowing global economic growth will soon make deflation – rather than inflation – the greatest driver in financial markets, star stock picker Cathie Wood of Ark…
The Joint Chiropractic Wins Big: Zor Award Names Brand 2022 Best Buy; 2022 TOP$CORE FUND™ Honors Commitment to Franchise Financing
SCOTTSDALE, Ariz., June 9, 2022 — The Joint Corp. (NASDAQ: JYNT), the nation’s largest provider of chiropractic care through The Joint Chiropractic® network, has been named a best buy in franchising by Franchise…
World Bank to fund $900 million development projects in east Congo
KINSHASA -The World Bank and Congo have signed two funding conventions of$900 million to boost female entrepreneurship and access to water and electricity in the east and west of the country, the…
H&M, Lululemon back $250 million Fashion Climate Fund to decarbonise supply chain
By Simon Jessop LONDON – Lululemon Athletica Inc and H&M Group are among backers of a $250 million fund aiming to speed up efforts to cut carbon emissions in the fashion industry’s…
Toshiba director defends board nominees from hedge fund shareholders
By Makiko Yamazaki and Yuki Nitta TOKYO – A Toshiba Corp external director on Tuesday rejected criticism that having two shareholder representatives would skew the board, as boardroom tensions at the troubled…
U.S. Treasury approves first state projects from $10 billion COVID broadband fund
By David Lawder and David Shepardson WASHINGTON – The U.S. Treasury on Tuesday announced the first state awards from a $10 billion COVID-19 aid program aimed at boosting broadband internet access in…
NEW YORK COMMUNITY BANK TO ELIMINATE NON-SUFFICIENT FUND FEES; TO ROLL OUT EARLY PAY PRODUCT DURING THIRD QUARTER
HICKSVILLE, N.Y., June 6, 2022 — New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) the parent holding company of New York Community Bank (the “Bank”) today announced the elimination of non-sufficient (“NSF”),…
‘A Failure’: UN-Supported ‘Climate Fund’ Is On The Brink Of Collapse After Just 7 Months
‘A Failure’: UN-Supported ‘Climate Fund’ Is On The Brink Of Collapse After Just 7 Months Thomas Catenacci on June 1, 2022 A proposed $100 million climate exchange-traded fund (ETF) formed at the…
Binance’s venture capital arm raises $500 million fund to invest in Web3, blockchain
(Reuters) – Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in the blockchain and…
Macquarie Asset Management raises $4.2 billion for Asia-Pacific fund
(Reuters) – Macquarie Asset Management, a part of Australia’s Macquarie Group Ltd, said on Tuesday it had raised $4.2 billion for its third fund dedicated towards Asia-Pacific regional infrastructure, much beyond its…
Germany to change constitution to enable $110 billion defense fund
BERLIN – Germany has agreed to change its constitution to allow for a credit-based special defense fund of 100 billion euros ($107.35 billion) proposed after Russia’s invasion of Ukraine, the German finance…
M&T Bank Expands Community Investment with New $25 Million ‘Amplify Fund’
First significant philanthropic effort by M&T Bank across the former People’s United footprint BUFFALO, N.Y., May 18, 2022 — Following the completion of its merger with People’s United Financial Inc. (People’s United)…
Al Gore’s Generation Investment launches $1.7 billion fund
(Reuters) – An investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in private companies focused on what it called…
Biden Wants Taxpayers To Fund Massive Mining Projects — Just Not In The US
Biden Wants Taxpayers To Fund Massive Mining Projects — Just Not In The US Thomas Catenacci on May 16, 2022 The Biden administration asked lawmakers earlier this month to allow the Pentagon…
Shasta County-Based “Joined Inc.” CEO Pleads Guilty in Retirement Fund Embezzlement Scheme
SACRAMENTO, Calif. — Maurice “Buddy” Shoe, 59, formerly of Palo Cedro, pleaded guilty today to one count of embezzlement from his employees’ retirement funds, U.S. Attorney Phillip A. Talbert announced. According to…
CEO Of Private Equity Fund Sentenced To 97 Months For $133 Million Bank And Securities Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that defendant ELLIOT SMERLING was sentenced to 97 months in prison for a multi-year bank and securities fraud…
Pentagon asks Congress to fund mining projects in Australia, U.K
By Ernest Scheyder (Reuters) – The U.S. Department of Defense has asked Congress to let it fund facilities in the United Kingdom and Australia that process strategic minerals used to make electric…
Tumble in Coinbase pushes Wood’s ARK fund closer to pandemic low
By David Randall NEW YORK – A collapse in cryptocurrency company Coinbase Global Inc pushed star stock picker Cathie Wood’s ARK Innovation ETF down nearly 8% on Wednesday, putting it within 10%…
BlackRock says it has more than $800 million for new impact fund
By Ross Kerber (Reuters) – Top asset manager BlackRock Inc said on Wednesday it has more than $800 million in commitments for a new impact fund, part of a growing investor focus…
AXA, Unilever to join new 1 billion euro regenerative agriculture fund
ZURICH – Insurer Axa and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative agriculture fund to be managed by Tikehau…
Conservatives Form Anti-Woke Fund To Take On The ‘Ideological Cartel’ Dominating Wall Street
Conservatives Form Anti-Woke Fund To Take On The ‘Ideological Cartel’ Dominating Wall Street Harold Hutchison on May 10, 2022 A group of prominent investors has formed a new fund to fight back…
SoftBank seen posting bruising Vision Fund loss on tech sell-off
By Sam Nussey TOKYO – Japan’s SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth…
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