Lending money – Ibook Linux http://www.ibooklinux.net/ Sun, 19 Sep 2021 06:36:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.ibooklinux.net/wp-content/uploads/2021/06/ibook-150x150.png Lending money – Ibook Linux http://www.ibooklinux.net/ 32 32 Fed Should Remain Cautious As Economy Sends Mixed Signals | Money https://www.ibooklinux.net/fed-should-remain-cautious-as-economy-sends-mixed-signals-money/ https://www.ibooklinux.net/fed-should-remain-cautious-as-economy-sends-mixed-signals-money/#respond Sun, 19 Sep 2021 01:41:03 +0000 https://www.ibooklinux.net/fed-should-remain-cautious-as-economy-sends-mixed-signals-money/ The Federal Reserve building stands against a blue sky in Washington, United States, May 1, 2020. – Reuters pic WASHINGTON, September 19 – With the United States on the rise after the Covid-19 pandemic, the Federal Reserve is expected to weigh in next week on whether the economy is healthy enough to begin withdrawing stimulus […]]]>

The Federal Reserve building stands against a blue sky in Washington, United States, May 1, 2020. – Reuters pic

WASHINGTON, September 19 – With the United States on the rise after the Covid-19 pandemic, the Federal Reserve is expected to weigh in next week on whether the economy is healthy enough to begin withdrawing stimulus credited with helping the recovery.

But the two-day meeting of the central bank’s Federal Open Market Committee (FOMC) that began on Tuesday may ultimately be a static event, like many others in recent months.

Analysts don’t expect the Fed to immediately begin the long-awaited slowdown in its massive bond purchases, and although the committee will release updated economic forecasts, few significant changes are expected from previous estimates. published three months ago.

The FOMC “likes to prepare the markets for any major change,” said Joe Brusuelas, chief economist at RSM US.

When addressing the press after the meeting, Fed Chairman Jerome Powell “might choose the opportunity to signal that tapering is approaching, which would likely be an announcement in November with a start in December”, said the economist.

The Fed took several emergency measures starting in March 2020, acting quickly as the pandemic caused the collapse of the world’s largest economy.

In addition to cutting the policy rate to zero, the Fed began buying massive amounts of bonds and other securities to ease lending terms and ensure the financial system didn’t seize up.

Powell said the bank could start pulling out those purchases by the end of the year, but experts expect them to take their time.

“I think the tapered train has already left the station at the last meeting,” said Roberto Perli, founding partner and head of global policy research at Cornerstone Macro, who also expects the bank to start. to slow down its purchases during the last two months of the year.

Better or worse?

The FOMC will meet as the economy sends mixed signals on two of the central bank’s top priorities: jobs and prices.

The United States created a disappointing 235,000 new jobs last month, although there have been better job gains in previous months, with Americans returning to jobs lost due to Covid- 19 or by finding new ones.

“The Fed is never swayed by a single report, it looks at the trend and the trend is always pretty good,” Perli said.

“I think they’ll read the data and say we’re still on the right track. I don’t think the data changes anything in their mind.

The rebound in the economy has caused inflation to rise sharply this year, but in August the consumer price index rose at a slower pace than in previous months.

Analysts will take a close look at the Fed’s updated economic projections, especially in light of the spike in inflation and the Delta variant of Covid-19, which has added to uncertainty in the economy and hurt the economy. hiring and business operations.

“I mainly expect a status quo statement with a downward revision of the forecast for slower growth and a slight upgrade of the forecast for improving employment,” predicted Brusuelas.

Promote doves

The most scrutinized aspect of the meeting will be reducing the Fed’s monthly asset purchases, currently at least US $ 80 billion (RM 334 billion) in Treasury securities and US $ 40 billion in securities. mortgage-backed agencies.

However, if the economy were to deteriorate, “the Fed may simply postpone its announcement and the start of its reduction operations until later this year or more likely early in 2022,” Brusuelas said.

“In many ways, the evolution of the data works in favor of the doves” who prefer lower rates and easy monetary policies, he added.

The Fed has said it will eventually lift the benchmark loan to zero, although it is not clear when central bankers will consider jobs to be sufficiently cured after the pandemic caused more than $ 20 million in losses. ‘jobs.

“If they’re looking for 3.5 (percent unemployment), they’ll start raising rates again in 230 years,” economist Joel Naroff joked.

“If they’re looking for 4.5 (percent unemployment) and keep going down, then I think the end of next year is reasonable.” – AFP


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Weekly Tarot Card Readings: Tarot Prediction September 19-25 | Astrology https://www.ibooklinux.net/weekly-tarot-card-readings-tarot-prediction-september-19-25-astrology/ https://www.ibooklinux.net/weekly-tarot-card-readings-tarot-prediction-september-19-25-astrology/#respond Sat, 18 Sep 2021 19:30:12 +0000 https://www.ibooklinux.net/weekly-tarot-card-readings-tarot-prediction-september-19-25-astrology/ Weekly horoscope from September 19 to 25, 2021 Aries (March 21-April 20) Love the strength Mood: Lovers Career: Two of baguettes Something accomplished on the job front is likely to give you a sense of immense satisfaction. Savings are likely to add up and give your financial situation a big boost. Falling behind academically is […]]]>

Weekly horoscope from September 19 to 25, 2021

Aries (March 21-April 20)

Love the strength

Mood: Lovers

Career: Two of baguettes

Something accomplished on the job front is likely to give you a sense of immense satisfaction. Savings are likely to add up and give your financial situation a big boost. Falling behind academically is possible for those who procrastinate for a long time, so pull up your socks. You manage to assert your authority internally, doing whatever you want, but don’t push too hard. Newlyweds are likely to embark on a period of marital bliss and bliss. People who are overweight will be successful in getting back into shape through diet and exercise. A short drive into the countryside will help you recharge and rejuvenate.

Lucky #: 17

Lucky color: parrot green

Taurus (April 21-May 20)

Love: Three of wands

Mood: Hierophant

Career: Ten of Cups

Going the extra mile to complete the project or assignment perfectly will open up new prospects for professional success. Be careful when lending money, as the chances of recovery seem bleak. The difficulties encountered on the academic level are bound to disappear. Family members are likely to be very picky, but you can handle all the responsibilities with ease. Those looking for a new romance are likely to meet a like-minded person, paving the way for a budding romance. You must find an amicable solution for a long-standing real estate dispute. A fun vacation with family members is on the agenda for some. Avoid beating around the bush and approach an issue firmly socially.

Lucky #: 1

Lucky color: crimson

Gemini (May 21-June 21)

Love: King of Coins

Mood: The fool

Career: The Emperor

Professionally, you might be on your way to something big. Businessmen will be able to generate new sources of income. Academically, you will be able to handle the competition well. Your efforts to resolve disputes with family members are bound to be successful. An interesting person is likely to entertain you. Seek expert help before embarking on a rigorous exercise program. The travel bug can bite you, so start packing. Social life promises to be exciting, as you will meet people you haven’t met for a long time.

Lucky #: 7

Lucky color: sky blue

Cancer (June 22-July 22)

Love: Devil

Mood: Two of cups

Career: the hermit

You might not be in the right frame of mind to tackle something professionally complicated, so be careful. Someone may convince you to invest in a questionable financial scheme, so stay alert. The backlog must be eliminated as a priority on the academic front, in order to catch up with the competitors. Seek advice from the elders of the family before initiating major changes on the domestic front. Have a good week to take a new step in your romantic relationship, because the stars seem favorable. You may need to change your travel plan due to unforeseen circumstances. Keeping all ailments at bay can become your mantra and ensure full fitness.

Lucky #: 5

Lucky color: all shades of green

Leo (July 23-August 23)

Love: Seven of Coins

Mood: The Hermit

Career: the magician

Professional excellence is likely to keep you ahead in the workplace. Financially, you’ll stay comfortable and even try to splurge. Performing well on the academic front is inevitable. The company of family friends will keep you in a happy and relaxed mood. You are likely to develop romantic feelings for a like-minded person whom you have met recently. Avoid ignoring even minor ailments to maintain good health. Your attempts to take possession of your newly purchased plot will be successful. You might have the chance to help someone socially, which will give you a lot of satisfaction.

Lucky #: 3

Lucky color: yellow

Virgo (August 24 September 23)

Love: Knight of Coins

Mood: Judgment

Career: the fool

Members of the armed forces are likely to enter a golden period in their careers. The returns on past investment are likely to help you strengthen your financial position in remarkable ways. Academically, you will be able to handle the competition easily. Family members appreciate the changes in and around the house. Avoid getting discouraged even if you are unable to express your true feelings to your romantic partner. Your dedication to following your fitness routine will have a remarkable impact on your overall health. A long family road trip is possible for some. You will probably enjoy the social gathering you get to attend.

Lucky #: 9

Lucky color: pink

Libra (September 24 October 23)

Love: Temperance

Mood: Knight of Wands

Career: Ten of coins

An opportunity to showcase your professional talents may present itself this week. The increase in personal expenses must be brought under control before you find yourself in a difficult situation. A situation that arises on the family front should be approached with understanding and tact. You manage to gain the trust of the person you love, paving the way for an exciting romance. Health tips can be helpful for those looking to get back in shape. Seeking outside help in the event of a real estate dispute can help find an amicable solution. This is the right time to organize a function or a ceremony on the social front.

Lucky #: 6

Lucky color: turquoise

Scorpio (October 24 November 22)

Love: Two swords

Mood: The Hanged Man

Career: The Empress

Professional developments will likely be in your favor, bringing enthusiasm and contentment. It will take patience to choose the best financial investment options. Tough competition is likely to be erased by those who pursue academics. Don’t over-praise something that has been inadvertently done or said internally, it can be unintentional. Sharing your feelings with a romantic partner will prove to be therapeutic. Health remains satisfactory thanks to your efforts. Those looking for alternative accommodation can find ideal accommodation later this week. A social event can find you in your element and promise to make you popular.

Lucky #: 8

Lucky color: gray

Sagittarius (November 23-December 21)

Love: the magician

Mood: Two of pieces

Career: La Tour

You are closely watched by seniors professionally, so improve your performance. Partial payment of an unpaid amount is likely to be revived, boosting your financial situation. Some of you may be in an academically festive mood. Visiting guests and friends would fill your home and make it an enjoyable and wonderful week. The partner is likely to be in an unpredictable mood, so treat them patiently. Keep away from excess at all costs on the health front. You can finally get possession of your newly purchased property.

Lucky number: 22

Lucky color: purple

Capricorn (December 22-January 21)

Love: the world

Mood: The Sun

Career: Ten of Cups

Things should get professionally favorable as you progress with the right moves at the right time. A lucrative deal on the financial front is likely to bring a monetary windfall. We must guard against distractions on the academic front. Now is a good time to implement something you are considering nationally, as the chances of success are high. You may feel drawn to someone you have met recently in a family function. Whatever is going on around you, you will stay in a happy state of mind. You will be able to stay in touch with almost anyone on a social level. An excursion with friends promises to be a lot of fun.

Lucky #: 8

Lucky color: silver

Aquarius (January 22-February 19)

Love: four of pieces

Mood: Justice

Career: Eight of Cups

Some of you will be able to solve difficult professional problems with the greatest of ease. Those looking to consolidate their position financially may come across lucrative lucrative ventures, but caution is in order. You remain well placed on the academic front. The arrival of unexpected guests, whom you have not met for a long time, is likely to bring happiness to the whole family. Those looking for love rejoice as things will brighten up remarkably on the romantic front. Those who are inclined to sports can achieve some of their aspirations with a perfect physique. You will find excellent avenues available to you to become a homeowner.

Lucky #: 4

Lucky color: olive green

Pisces (February 20-March 20)

Love: Judgment

Mood: Three of Sword

Career: Temperance

You need to remain professionally vigilant, as jealous colleagues may try to create obstacles in the new project. The rise in spending is likely to cause moments of tension, but you will do well. Persistent confusion over an issue on the academic front may necessitate the intervention of an expert. You will be successful in convincing a friend or family member of your ideas and getting their help. Making a one-sided decision is likely to create a deep void in the romantic relationship, so avoid it. Eating a balanced diet is likely to help overcome chronic illnesses. You will be able to prevent official travel from conflicting with your personal plans.

Lucky #: 9

Lucky color: red

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Horoscope for September 18, 2021: Leos can make money, know the other signs of the zodiac https://www.ibooklinux.net/horoscope-for-september-18-2021-leos-can-make-money-know-the-other-signs-of-the-zodiac/ https://www.ibooklinux.net/horoscope-for-september-18-2021-leos-can-make-money-know-the-other-signs-of-the-zodiac/#respond Sat, 18 Sep 2021 00:38:30 +0000 https://www.ibooklinux.net/horoscope-for-september-18-2021-leos-can-make-money-know-the-other-signs-of-the-zodiac/ Image source: FREEPIK Horoscope for September 18, 2021: Leos can make money, know the other signs of the zodiac RAM Today you will focus on completing the old work. You will discuss any work in the office with your elders. Students of this zodiac will interact with friends. Today, some people may disagree with you. […]]]>
Image source: FREEPIK

Horoscope for September 18, 2021: Leos can make money, know the other signs of the zodiac

RAM

Today you will focus on completing the old work. You will discuss any work in the office with your elders. Students of this zodiac will interact with friends. Today, some people may disagree with you. So take any step with care. All pending jobs will be completed. Today you will get rid of your debts. There will be happiness in the life of a couple.

Taurus

You will have a great day today. Whatever job you start, you’ll finish it in less time. Your imagination will help you achieve your goals. Work done taking into account the needs of the house will benefit you. Today is a good day for trading. Appreciating the accomplishments of your spouse will bring sweetness to your life as a couple. Students will be successful in their studies. Everything will be according to your wish.

Gemini

Today will be your best day. You will get good work related news. In some events, you will meet someone who will turn out to be very special to you. Traders in this zodiac will get better suggestions from another person to increase their business. Today you will continue to gain support from other people.

Cancer

Today your day will be better than before. You will plan a picnic with family members. There will be a long conversation with the spouse on a topic. You plan to watch a movie with friends. You will meet someone who will be of use to you in the future. People of this zodiac who are not married will receive a marriage proposal. Lovers will also discuss their partner at home today.

Leo

Today your day will be full of happiness. Businessmen will earn money. Today is a good day for the students. There will be great success in your career. If you plan to complete an important job, then it will be finished. Today is a good day for married people of this zodiac. The economic situation will be better than before. You will feel like you are quitting your job and helping others.

Virgin

Today your day will be normal. Your mind will be excited about something. There may be a sudden increase in work pressure in the workplace. Today you will have to give a little more time to complete the tasks. Work with patience, everything will be fine. People of this zodiac who are not married, their marriage will be discussed. Some people may be reluctant to help you with certain jobs. Today you will feel tired from the busy day, but in the evening you will be fine.

Balance

You are going to have a wonderful day today. Your interest in social work will increase. There will be benefits in partnership in business. Today you will try to understand things better. Happiness will remain throughout the day. You will get the full support of your life partner, thanks to which the relationship will remain strong. There will be good news from the child’s side. You might learn something old today, which will surprise you, but spending time with friends in the evenings will be fine. People looking for a job will have employment opportunities.

Scorpio

Today will be your best day. You will get better results through your hard work. People associated with tourism have the potential to earn money. Today you will feel energetic. The relationship with the beloved will be sweet. You will engage in creative work. Your financial side will be very strong. The elderly will be satisfied with your work. Your advice will prove effective for anyone in need. There will be happiness and peace in the family. Long-term work will be completed.

Sagittarius

Today your day will be mixed. Work done with concentration will be crowned with success. Today is a good day for lovers. You will also receive a gift from your partner. Employees will receive help from officials. Today you will decide to start a new job which will be very fruitful for you in the future. People who have small industries will make big profits today. Your health will remain good. The father’s business will increase.

Capricorn

Your day will be fine today. Don’t trust people too much when it comes to money, otherwise there may be a loss. It would be better to think it over before you lend someone money. The stalled work will be completed today. You need to pay special attention to your health. Care should be taken while driving. Today you are going to establish a roadmap to start new tasks. You will try to control your spending. You have to change your ways.

Aquarius

You will have a better day today. Solutions to the ongoing problems will be found today whereby your mind will be happy. You will remain good in the eyes of all. You will plan religious rituals in the family. Today you will be lucky in terms of relationships. There will be good changes in your behavior. You will have the chance to help others, which will also benefit you. All future problems in business will be removed today. Your mother’s health will improve.

Pisces

Today will be favorable. You will get new opportunities to increase your turnover. The money loaned will be returned. Dining with your spouse will bring positivity to relationships. There will be an increase in work. Today you will get great advice from an unknown person. Students have to work hard in the field of education. Mom is going to cook your favorite food today, which will make you very happy.


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Consider cash financing when your business needs capital https://www.ibooklinux.net/consider-cash-financing-when-your-business-needs-capital/ https://www.ibooklinux.net/consider-cash-financing-when-your-business-needs-capital/#respond Fri, 17 Sep 2021 13:00:00 +0000 https://www.ibooklinux.net/consider-cash-financing-when-your-business-needs-capital/ What is cash flow financing? With cash flow financing, a business gets a loan, but that loan is backed by the expected cash flow of the business. A business’s cash flow is the amount of money that flows to and from a business, over a period of time. Cash flow financing, or cash loan, uses […]]]>

What is cash flow financing? With cash flow financing, a business gets a loan, but that loan is backed by the expected cash flow of the business. A business’s cash flow is the amount of money that flows to and from a business, over a period of time. Cash flow financing, or cash loan, uses the generated cash flow to repay the loan.

If a business generates positive cash flow, it means that it is getting enough cash from its income to meet its financial obligations. Banks and credit providers check positive cash flow to determine how much credit they want to extend.

You can get short term or long term cash loans. Businesses can use this form of financing if they are looking to finance their operations, buy another business, or make other large purchases.

The idea is that companies borrow on a fraction of the future cash flow they hope to generate. Banks or creditors establish a payment schedule. They base this schedule on forecasts of future cash flows and analysis of historical cash flows.

Related: Tips for Managing Cash Flow Funding

Why seek treasury financing?

A business may have a temporary decrease in its cash flow. It could come from less than stellar seasonal sales. A business can be faced with unforeseen expenses. Starting an expensive new project could create a cash flow gap.

Decreased cash flow can also come from a time-limited opportunity, like purchasing equipment at a great price. Or, businesses can experience cash flow crashes when they need to make emergency repairs to vital equipment.

Related: Positive Cash Flow and Smart Financing Solutions

Cash flow statements

All cash flows are reported on what is called a company’s cash flow statement, or CFS. This statement records the income or net profit of a business, for the period covered by the statement. The report calculates the operating cash flow from the expenses related to the management of the business. These include supplier invoices paid by the company. It also includes the operating result from sales. The statement also records all investment activities.

Investing activities include investing in securities or in the business itself, such as the purchase of equipment. The statement records all fundraising activities, such as raising capital through loans or even issuing a bond. The bottom of the cash flow statement shows the net amount of cash generated or lost for the period.

Cash flow projections

Two critical areas in any cash flow projection will be a company’s debts and receivables. A bank must take account of accounts payable. These are short-term debt obligations, such as money owed to suppliers. The bank can use cash net of debts and receivables to forecast cash flow. Banks use this amount to determine the loan amount.

The bank will also have to take account of accounts receivable. Accounts receivable serve as future incoming cash flows for the goods and services that a business sells today. Banks or credit providers will use the anticipated amounts of receivables to help determine how much money will be generated in the future.

Banking guidelines

Banks may require a minimum credit rating for a company’s outstanding debt in the form of bonds. The companies issuing bonds are assigned credit ratings. This is how the level of risk associated with investing in corporate bonds is weighed.

Cash loans versus asset-backed loans

Asset-based financing helps businesses borrow money. However, an asset on the balance sheet serves as collateral for the loan. The bank places a lien on all assets used as collateral. Assets used as collateral can include inventory, machinery, real estate, company vehicles, etc.

If the business ends up defaulting on an asset-backed loan, the bank lien allows the lender to legally seize the assets. As a result, a business can lose its ability to function.

With cash flow financing, the cash generated is used as collateral for the loan. Collateral does not come in the form of physical or fixed assets. Typical businesses that use cash flow financing often don’t have a lot of assets, like service companies. See: investopedia.com/terms/c/cash-flow-financing.asp.

Advantages

Cash loans strike a balance between the loan amount, the APR and the length of the application process. Compare this with many online unsecured loans, which can have very quick approval but a limit on the loan amount. In addition, they tend to charge a very expensive APR.

Cash flow financing can also be an improvement over traditional financing. Traditional banks offer larger loans, often over $ 1 million, and lower APRs, but funding an account can take months.

Qualification

Often times, a business must have been in business for a few years. The borrower may have to meet a certain minimum credit score requirement. They must also prove cash flow history and present accounts receivable and payable, so that the lender can determine the amount to be made available.

Take away food

Cash flow financing allows entrepreneurs to borrow against future cash flows. It is generally used for temporary needs, such as the quick purchase of equipment or the start of a new project. This can be a good solution for service industries with few traditional guarantees.

Related: Outsmart Cash Flow Problems With The Right Financial Solution


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On this day: the final expulsion of the Jews from France https://www.ibooklinux.net/on-this-day-the-final-expulsion-of-the-jews-from-france/ https://www.ibooklinux.net/on-this-day-the-final-expulsion-of-the-jews-from-france/#respond Thu, 16 Sep 2021 22:49:00 +0000 https://www.ibooklinux.net/on-this-day-the-final-expulsion-of-the-jews-from-france/ On September 17, 1394, King Charles VI of France ordered the expulsion of all Jews from the kingdom. Prior to the expulsion, French Jews had faced the burning of sacred religious texts, discriminatory taxes, and other tax policies aimed at targeting Jews. They were also blamed for the Black Death, which ravaged Europe in the […]]]>
On September 17, 1394, King Charles VI of France ordered the expulsion of all Jews from the kingdom.

Prior to the expulsion, French Jews had faced the burning of sacred religious texts, discriminatory taxes, and other tax policies aimed at targeting Jews.

They were also blamed for the Black Death, which ravaged Europe in the mid-1300s.

Cities all over France had expelled Jews throughout the 13th and 14th centuries. The Jews were formally expelled from France in 1306, their lands being taken by the government. They were expelled due to King Philip’s lack of money after a war with the Flemings. The expulsion allowed him to confiscate and sell Jewish property.

They were recalled in 1315 and forced to pay to return, and banished once more in 1322. A pattern of expulsion and return emerged around this time.

In 1315, laws were passed preventing Jews from discussing their religion in public. They were also required to wear a badge to identify themselves as Jewish and were warned against usury, the practice of lending money at unreasonably high interest rates, a charge based on anti-Semitism.

On September 17, 1394, Charles VI declared that the Jews had violated the agreement made with him. According to the Religious of Saint-Denis – also known as the Monk of Saint-Denis – the king had signed this decree at the insistence of the queen.

A MEDIEVAL MANUSCRIPT shows Jews burned at the stake in Flanders according to the popular antidote to the Black Death. (credit: Wikimedia Commons)

French Jews had little time to sell their goods before being escorted out of French lands.

The expulsion of 1394 is accepted as the date of the last expulsion from France in medieval times. Unlike previous expulsions, this was not temporary. The Jewish people began to return to France at the beginning of the 17th century.

Today, around one percent of the French population is Jewish.


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Monzo reveals buy now, pay later for product with limit of £ 3,000 | Monzo Bank https://www.ibooklinux.net/monzo-reveals-buy-now-pay-later-for-product-with-limit-of-3000-monzo-bank/ https://www.ibooklinux.net/monzo-reveals-buy-now-pay-later-for-product-with-limit-of-3000-monzo-bank/#respond Wed, 15 Sep 2021 23:03:00 +0000 https://www.ibooklinux.net/monzo-reveals-buy-now-pay-later-for-product-with-limit-of-3000-monzo-bank/ Monzo digital bank is positioning itself in the booming UK ‘buy now, pay later’ market and will offer its customers credit limits of up to £ 3,000. Monzo is one of the first UK banks to jump into the fast growing but controversial BNPL industry, which is dominated by fintech companies such as industry leader […]]]>

Monzo digital bank is positioning itself in the booming UK ‘buy now, pay later’ market and will offer its customers credit limits of up to £ 3,000.

Monzo is one of the first UK banks to jump into the fast growing but controversial BNPL industry, which is dominated by fintech companies such as industry leader Klarna and PayPal.

Monzo, who has more than 5 million customers, said he has taken the “best bits” of BNPL, credit cards, loans and overdrafts to create his Monzo Flex product, which he presents starting Thursday.

BNPL credit allows customers to stagger payments for goods such as clothing, beauty, and furniture without interest or fees – unless they don’t repay on time, in which case some businesses will charge a fee. delay.

Invitations to use this payment method have become more common as online shoppers checkout, and companies are starting to offer more services that allow people to pay for items this way when shopping in person. .

BNPL usage skyrocketed in 2020, reaching £ 2.7bn in transactions, according to official data, and it has been estimated that between 5m and over 10m UK consumers have used this type of loan last year.

Monzo Flex can be used for online and in-person purchases over £ 30 and, like Klarna, will allow people to pay off what they owe in three installments and pay nothing more. It’s called “Pay in three for free”. The slogan “Pay in three” is also used by Klarna and PayPal.

Customers can also choose to pay in six and 12 installments, but with these options they pay interest at 19% APR.

The bank said it would offer customers pre-approved credit at checkout – up to an approved limit of £ 3,000 – after a ‘full affordability assessment’. It will also allow people to use Flex to pay for something up to 14 days after purchasing it.

Customers can pay extra or in advance at no charge and, like some other BNPL providers, there are no late payment charges. PayPal, which launched its BNPL service in the UK in October 2020, recently announced that it is removing late fees from its BNPL products around the world for all new transactions from October 1 of this year.

Ministers and regulators have already expressed concern that with BNPL buyers can make multiple deals with different providers, so it would be relatively easy to rack up around £ 1,000 in debt than benchmark agencies credit and traditional lenders can not see. However, Monzo said that as a regulated bank, it reports to credit reference agencies, so other lenders can see that a customer is using Flex.

In February this year, the government announced that BNPL would be regulated by the Financial Conduct Authority to protect consumers after a review found there was “potential for harm.”

This means that suppliers will be subject to FCA rules and will need to perform affordability checks before lending and ensure customers are treated fairly, especially those who are vulnerable or have difficulty repaying.


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How to include cryptocurrencies in an inflation-proof investment portfolio – Tesla Motors (TSLA) https://www.ibooklinux.net/how-to-include-cryptocurrencies-in-an-inflation-proof-investment-portfolio-tesla-motors-tsla/ https://www.ibooklinux.net/how-to-include-cryptocurrencies-in-an-inflation-proof-investment-portfolio-tesla-motors-tsla/#respond Sat, 11 Sep 2021 17:48:00 +0000 https://www.ibooklinux.net/how-to-include-cryptocurrencies-in-an-inflation-proof-investment-portfolio-tesla-motors-tsla/ Consumers and investors pay close attention any time a new announcement is made about movements in the US Consumer Price Index (CPI), which is a reliable indicator of inflation or deflation. While consumers worry about the effect of inflation on their purchasing power now, investors worry more about how inflation will affect their purchasing power […]]]>

Consumers and investors pay close attention any time a new announcement is made about movements in the US Consumer Price Index (CPI), which is a reliable indicator of inflation or deflation. While consumers worry about the effect of inflation on their purchasing power now, investors worry more about how inflation will affect their purchasing power in the future.

During times of high inflation, as the cost of goods and services begins to rise, faster than expected, investors will reassess their current strategy and portfolio allocation to ensure the long-term health of their investments. If a portfolio does not grow faster than the increase in the cost of goods and services, it means that it is losing value in real terms, as the purchasing power it represents decreases over time.

For investors looking to protect their portfolios against inflation, assets that produce fixed income, such as bonds, will actually produce a lower and lower real return over time. To preserve future purchasing power and counter the effects of inflation, investors are increasingly turning to variable-return assets, including traditional options like stocks and commodities. However, as access to cryptocurrencies has widened, investors are also integrating them as a hedge against inflation.

Ways investors try to make their portfolios inflation-proof

The first action investors typically take during times of inflation is to reduce their portfolio allocation to bonds, which typically perform poorly during times of inflation and are unlikely to generate real returns. However, investors have the option of purchasing inflation-linked bonds. In the United States, for example, Inflation-Protected Treasury Securities (TIPS) are a popular option because they are indexed to the Consumer Price Index. However, the CPI is not seasonally adjusted and may underestimate inflation. Additionally, TIPS are considerably more volatile than cash, especially during stock market crashes, and tend to underperform traditional Treasuries over the long term.

Real estate is another inflation-proof investment option, as any debt used to fund it will be eroded by the effects of inflation. As a caveat, investors should take a close look at the type of leverage mechanism used to purchase real estate, especially on the cusp of a market bubble. When the bubble bursts, the investor could end up with an “upside down” mortgage, where the amount of money he owes on the property is more than the value of the asset.

To ensure value retention in the face of inflation, some investors may increase their allocation to equities, which may outperform bonds. However, performance will depend on the type of stock as well as its valuation at the start of the inflation period. Commodities, such as crude oil or metals, tend to do well in times of high inflation. Investors should be careful, however, as some commodities, such as cotton, can fluctuate quite quickly again. The most popular long-term protection against inflation is gold. Gold has been used for thousands of years as a scarce commodity with properties similar to those of silver. The advantages are that it is easy to understand and has a store of value that shouldn’t change drastically over time. Gold is not without its own volatility issues, however, which has led some investors to explore additional alternatives for portfolio diversification.

Adding crypto as an anti-inflation asset

Mike McGlone of Bloomberg Intelligence recently said that Bitcoin is on the way to replacing gold. Those who understand Bitcoin’s limited supply and hard-coded inflation rate have dubbed it “digital gold.” Over 18.5 million of the 21 million Bitcoin total supply have already been mined, with the remaining supply being generated at an increasingly slower rate until the final Bitcoin is created in 2140. Bitcoin is therefore a form of “healthy currency” or hard currency, possessing characteristics that make it an effective store of value.

It took over a decade for Bitcoin to be accepted, with 2020 proving to be a pivotal year. Leading investors such as Tesla, Inc. (NASDAQ: TSLA) and MicroStrategy Incorporated (NASDAQ: MSTR) brought cryptocurrencies into common parlance, and in March 2021, Morgan Stanley (NASDAQ: MS) became the first US bank to allow its customers to access Bitcoin funds. Even billionaire hedge fund manager Ray Dalio himself admits that he “would rather own Bitcoin than a bond.”

Institutional investors are starting to understand that Bitcoin has its place in a diversified portfolio and that even allocations of 1 to 2% can lead to significant increases in the Sharpe ratio, which measures and compares the performance of investment products against assets. without risk. A June 2020 analysis by Iconic Holdings, which provides exchange-traded products (ETP), found that a traditional 80/20 equity bond portfolio saw its Sharpe ratio drop from 6.6 to around 8 , 2 with 1% crypto, 9.5 with 3% crypto, and 9.8 with 5% allocated crypto.

Investors should be aware that capital gains from crypto are likely to be taxed in the same way as capital gains from other asset classes, although this depends on the jurisdiction of the person. Long-term capital gains are preferable to short-term capital gains, so investors are advised to look for cryptocurrencies that they would be comfortable holding for the long term.

Opportunities for low risk returns in crypto

It is possible to generate a return in the digital asset space in a similar way to the return previously offered by fixed income products, as well as through low risk return opportunities. For example, more than 8% per year can be earned by lending stablecoins, which are assets whose value is tied to fiat currencies like the dollar or the euro.

One feature of digital assets that is used even more than lending is staking, a process by which assets are used to verify blockchain transactions and earn rewards for doing so. According to Staking Rewards, a data provider for staking and crypto-growth tools, over 70% of the supply from Cardano and Solana is staked, and over 50% of the supply from Polkadot, Algorand, Binance Coin and Avalanche.

The newest and most sophisticated way to generate a return in the digital asset universe is to provide liquidity to trading pools on decentralized exchanges. These “exchanges” are actually programs running on the blockchain that rely on a type of smart contract called an automated market maker to facilitate token trading. Users can earn a share of the trading fees by placing their assets in a cash pool, with the rewards automatically adjusting to ensure each pool remains sufficiently liquid to support the volume of ongoing transactions. All of this is made possible by the smart contract functionality of blockchains like Ethereum and, along with on-chain lending and borrowing, is the emergence of “decentralized finance” or “DeFi”.

Everyone should have the same access to anti-inflation asset options

With the US CPI rising above 5.4%, inflation is already very present. While the Federal Reserve maintains that this is a temporary state of inflation, the market will likely begin to react to this new reality, if inflation does not fall in the near future, and certainly if it continues to fall. to augment. Investors who do not look at the allocation of their asset portfolios may end up with reduced future long-term purchasing power.

Currently, many traditional investors may find themselves excluded from the opportunities presented by cryptocurrencies and DeFi, as participation is still largely limited to those with significant technical knowledge or knowledge of the crypto ecosystem. However, large swathes of the digital asset industry are struggling to remove barriers and improve access to these earning opportunities for everyone, regardless of their technical skills.

The barriers that prevent investors from understanding how to integrate crypto into their portfolio are being removed one by one. Traditional banks and investment brokers, such as Charles Schwab Corporation (NASDAQ: SCHW) have started educating their clients about digital asset classes and how to invest in them. The platforms, where people can buy or trade cryptocurrencies, have become widespread with PayPal Holdings Inc. (NASDAQ: PYPL) and no longer feature confusing interfaces that scare potential non-technical investors.

Inflation doesn’t discriminate – it affects the cost of goods for everyone, regardless of the economic demographics they find themselves in. Therefore, enabling the greatest number of investors at all levels to access the widest variety of high yielding assets is important to hedge against inflation and maintain their purchasing power over time. term.

About Marius: Marius Smith is Head of Business Development at Finoa, a European platform for custody of digital assets and financial services for institutional investors and businesses. Before joining Finoa, Marius worked at N26 and Google.


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US Banking Regulator Proposes Removal of Updated Fair Loan Regulation | Invest News https://www.ibooklinux.net/us-banking-regulator-proposes-removal-of-updated-fair-loan-regulation-invest-news/ https://www.ibooklinux.net/us-banking-regulator-proposes-removal-of-updated-fair-loan-regulation-invest-news/#respond Wed, 08 Sep 2021 20:16:00 +0000 https://www.ibooklinux.net/us-banking-regulator-proposes-removal-of-updated-fair-loan-regulation-invest-news/ WASHINGTON (Reuters) – The U.S. Office of the Comptroller of the Currency on Wednesday proposed to repeal the recently updated fair lending rules, as the agency begins work on drafting new unified regulations with others banking supervisory bodies. Under the proposal, the OCC would revert to previous regulations of 1995 for the Community Reinvestment Act […]]]>

WASHINGTON (Reuters) – The U.S. Office of the Comptroller of the Currency on Wednesday proposed to repeal the recently updated fair lending rules, as the agency begins work on drafting new unified regulations with others banking supervisory bodies.

Under the proposal, the OCC would revert to previous regulations of 1995 for the Community Reinvestment Act (CRA), a 1977 fair loan act.

The new proposal would see the OCC formally abolish new, more bank-friendly rules by early 2022, paving the way for the regulator, alongside the Federal Reserve and Federal Deposit Insurance Corporation (FDIC), to move forward. towards setting, updated rule.

“This is a top priority for us, and we are moving at a deliberate speed,” Acting Controller Michael Hsu said in an interview. “We are signaling to people that we are going to do this thing.”

Under the CRA, banks are rated by regulators on how they support low-income communities in areas where they provide services, as policymakers have sought to ensure that banks do not exclude the poorest or minority communities for the benefit of a richer clientele.

The 2020 update, pushed by former Controller Joseph Otting, a Republican and former banking executive, gave banks more clarity and flexibility in terms of what they had to do to get passing grades. But community groups feared it might have made it easier for banks to get regulatory approval while providing less support.

Hsu said the uneven economic toll from the COVID-19 pandemic underscores the need to update ARC requirements in a way to ensure that banks are doing all they can to support low-income communities, suggesting that he preferred a complete overhaul.

“We have to do something… it’s time to really strengthen it and modernize it,” he said. “The status quo right now for this rule and where we are at is not acceptable.”

Hsu said regulators were meeting internal deadlines to rewrite the rule, but declined to provide more details on when the agencies plan to produce a new proposal.

The OCC shares responsibility for ARC enforcement with the Fed and FDIC, and banks were concerned that the 2020 update released only by the OCC would lead to an uneven regulatory landscape.

Hsu said the three agencies are already working on a joint proposal and there are no fundamental differences between them at this point.

“At a high level, the differences tend to be around technical issues so far,” he said.

(Reporting by Pete Schroeder; Editing by Chris Reese and Jonathan Oatis)

Copyright 2021 Thomson Reuters.


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US Regulator Sues Crypto Lending Platform Over $ 2 Billion Fraud | Money https://www.ibooklinux.net/us-regulator-sues-crypto-lending-platform-over-2-billion-fraud-money/ https://www.ibooklinux.net/us-regulator-sues-crypto-lending-platform-over-2-billion-fraud-money/#respond Wed, 01 Sep 2021 23:29:37 +0000 https://www.ibooklinux.net/us-regulator-sues-crypto-lending-platform-over-2-billion-fraud-money/ An online cryptocurrency lender and its top executives have been sued for fraudulently raising US $ 2 billion (RM 8.3 billion) in investments. AFP photo NEW YORK, September 2 Yesterday, the US market watchdog sued an online cryptocurrency lender and its senior executives over allegations of fraudulent investments of US $ 2 billion (US $ […]]]>

An online cryptocurrency lender and its top executives have been sued for fraudulently raising US $ 2 billion (RM 8.3 billion) in investments. AFP photo

NEW YORK, September 2 Yesterday, the US market watchdog sued an online cryptocurrency lender and its senior executives over allegations of fraudulent investments of US $ 2 billion (US $ 8.3 billion). RM).

The Securities and Exchange Commission (SEC) has accused BitConnect, its founder Satish Kumbhani, its main US promoter Glenn Arcaro and his company of proposing “a fraudulent and unregistered offer and sale of securities in the form of investments in a “loan program,” “an SEC statement said.

The complaint states that the defendants claimed that the company’s “” proprietary “volatility software trading bot” would generate sky-high returns “on investors’ money.

But the SEC accused, in fact, that investors’ funds were embezzled and transferred into digital wallets controlled by the defendants.

To attract investors, the SEC alleged that BitConnect and Kumbhani – an Indian national – had created a network of commission-paid promoters, “of which they withheld a substantial portion from investors.”

Arcaro, the main promoter of the loan program in the United States, has been accused of creating the company Future Money to “attract investors”.

“We allege that these defendants stole billions of dollars from retail investors around the world by exploiting their interest in digital assets,” Lara Shalov Mehraban, associate regional director of the SEC’s New York office, said in the statement. .

The defendants were charged with violating federal laws on anti-fraud and registration provisions, and could face “injunction, restitution plus interest and civil penalties.”

The SEC filed a related civil lawsuit in May against five other BitConnect promoters and settled with two of the defendants.

Arcaro also pleaded guilty yesterday to criminal charges in a parallel lawsuit, according to the US Department of Justice. AFP


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Borrowers urged to apply for PPP loan forgiveness https://www.ibooklinux.net/borrowers-urged-to-apply-for-ppp-loan-forgiveness/ https://www.ibooklinux.net/borrowers-urged-to-apply-for-ppp-loan-forgiveness/#respond Sat, 28 Aug 2021 19:52:00 +0000 https://www.ibooklinux.net/borrowers-urged-to-apply-for-ppp-loan-forgiveness/ Aug 28 — Those who have received Payment Protection Program loans and don’t want to be stuck on repayments will want to submit forgiveness requests to their lenders or through the Small Business Administration’s Direct Borrower Forgiveness Portal. Deadlines for pardon applications are set on an individual basis. “From the day the PPP loan was […]]]>

Aug 28 — Those who have received Payment Protection Program loans and don’t want to be stuck on repayments will want to submit forgiveness requests to their lenders or through the Small Business Administration’s Direct Borrower Forgiveness Portal.

Deadlines for pardon applications are set on an individual basis.

“From the day the PPP loan was created and signed and funded, 10 months from that day is the date the first payment is due on that note,” said Terry Lockhart, director of loans at the Bank of Cherokee County. “Basically, they have eight to 24 weeks to spend the money and distribute the funds. At the end of those eight to 24 weeks, they have 10 months from the time they signed up to request a rebate without having to make a rebate. of payment.”

So, for example, if the period covered – eight to 24 weeks – for the PPP loan ended on October 30, 2020, the deadline for requesting forgiveness would be August 30, 2021. About 85 to 90% of BCC borrowers already have their loans have been canceled entirely.

“I know a lot of banks aren’t that high,” Lockhart said. “There’s a ton that are close by, but we’ve got a pretty good process, and we started really early.”

Those who are unsure of when to submit their forgiveness requests should contact their bank or lender. This will save them from having to return the catastrophic dollars, and it will also benefit the bank.

“From a banking standpoint, we want to make him forgive and take him off the books because we loaned him out at 1%,” Lockhart said. “The sooner we get that loan canceled, the quicker we can lend that money at 4, 5, or 6 percent and make a better return to the bank.”

Lockhart’s advice is that borrowers complete their forgiveness requests and become their lender as soon as possible.

“Because right now the pandemic and everything that’s going on is still fresh,” he said. “I would only think that in time, yes, they will forgive them, but I would like to be in the foreground and not wait for the end, hoping mine is forgiven.”

People who have received a PPP loan can also go through the SBA’s Direct Borrower Forgiveness Portal, which opened on August 4. Borrowers can submit forgiveness forms using a computer or smartphone. On average, users submit claims in six minutes and receive their remittance decisions within a week of submitting them. Thus, borrowers do not have to go through their local lenders whom they used to compete with their loans.

“We are extremely pleased that in just two weeks, the Direct Borrower Forgiveness Portal is giving small businesses a simplified and user-friendly way to request a rebate and get relief on these essential PPP loans,” said Patrick Kelley. , associate administrator of the SBA. Capital access office. “Already, we’ve seen hundreds of thousands of borrowers navigate the process quickly and easily, and we continue to proactively help borrowers apply through in-depth training and webinars.”

Of the 340,000 claims submitted through the portal, half have already been approved for full or partial remission, totaling more than $ 2.4 billion. Borrowers whose loans are made through banks that have chosen not to enroll in the SBA Direct Discount Portal should request a discount through their lender.

For more information on the SBA’s Forgiveness Portal, visit www.sba.gov.


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