Finance

Sri Lanka offers voluntary early retirement to servicemen

ECONOMYNEXT – Loans extended by the Exim Bank of China to several state-owned enterprises and government-guaranteed loans taken out by Ceylon Petroleum Corporation will be taken by the central government, President Ranil Wickremesinghe said. The Exim Bank of China has financed a coal-fired power plant for the state-owned Ceylon Petroleum …

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UK borrowers owe millions as lender fails

When the COVID-19 pandemic hit in 2020, the UK Financial Conduct Authority (FCA) has asked lenders across the country to offer payment deferrals to help customers who are struggling to meet their repayment obligations due to the crisis. In a published report the FCA last week noted that the initiative …

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Kenya is facing a shortage of US dollars forcing state-owned companies to delay payment of their foreign debts.

Kenya faces shortage of US dollars forcing state-owned companies to delay payment of foreign debts NAIROBI, Kenya- The shortage of US dollars in Kenya makes state-owned companies unable to pay their external debts on time. Most of these SOEs face unsecured foreign currency debt worth KSH 75 billion, which exposes …

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Greater Omaha Packing Plant to Expand and Provide More Jobs Thanks to Grant

OMAHA, Neb. (KMTV) – Bill Armbrust is a cow-veal producer who would like you to see a better-stocked meat counter at the grocery store. Many believe that more choice and competition will solve the problem. “We found out during COVID, these empty shelves can happen especially in the meat industry,” …

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Banco Santander-Chile (NYSE: BSAC) lifted to sector outperformance at Scotiabank

Banco Santander-Chile (NYSE: BSAC – Get a rating) was upgraded by Scotiabank investment analysts from an “sector outperform” rating to an “sector outperform” rating in a research report released Wednesday to clients and investors, Briefing.com reports. The BSAC has been the subject of a number of other reports. Citigroup downgraded …

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Agriculture Department announces program to provide $1.3 billion in debt relief to 36,000 farmers

DES MOINES, Iowa (AP) — The federal government on Tuesday announced a program that will provide $1.3 billion in debt relief to about 36,000 farmers who have fallen behind on loan repayments or are facing an input. The U.S. Department of Agriculture announced the Agricultural Loan Relief Program funded from …

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Goldman Sachs Group cuts Banco Santander-Chile (NYSE:BSAC) target price to $16.00

Banco Santander-Chile (NYSE: BSAC – Get a rating) had its price target reduced by the Goldman Sachs Group from $18.00 to $16.00 in a report released on Friday, Benzinga reports. The company currently has a “neutral” rating on the bank’s shares. The Goldman Sachs Group target price indicates a potential …

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Southeast Texas small business owners have opportunity to grow with new symposium

The Small Business Development Center at Lamar State College in Port Arthur is hosting its first Small Business Symposium on Thursday. The event, which will run from 8:00 a.m. to 5:00 p.m., will take place at the Robert “Bob” Bowers Civic Center in Port Arthur. The SBDC covers Jefferson and …

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Overall smaller but growing rapidly

Latino-owned businesses are smaller, in terms of sales and employment, than others. But they grow … [+] quickly and looking for resources to thrive. Getty As National Hispanic Heritage Month comes to an end this week, let’s take a look at the situation for Hispanic small business owners and entrepreneurs. …

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EC approves Croatian method for calculating guarantee premiums on loans to medium and large companies

ZAGREB (Croatia), October 3 (SeeNews) – The European Commission announced on Monday that it has approved, under EU state aid rules, a Croatian methodology for calculating premiums on loans guaranteed by the for medium and large enterprises granted as part of the Croatian recovery and resilience plan. “Under the calculation …

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Biden administration cuts student debt relief for millions amid legal troubles

On Thursday, a group of six GOP attorneys general sued for blocking loan forgiveness. The states of Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina asked a federal judge to strike down the debt forgiveness program, arguing it was illegal and unconstitutional. Student loans guaranteed by the federal government but …

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Annaly Series F Preferred: I saved the truck today (NYSE: NLY.PF)

gawrav On September 30, Annaly Capital’s Cumulative Floating Fixed Rate Preferred Series F (NYSE: NLY.PF) converts to 3-month LIBOR plus 4.99 percentage points. This will represent a 23% increase in dividend with current LIBOR at 3.6%. Even higher after the Fed raised rates again. Still, the NLY.PF traded below $22.50 …

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Letters, September 23, 2022 – Boulder Weekly

Vote for Janice Marchman in Colorado Senate District 15 Representation is on the ballot this midterm election cycle given the new redistricting maps. In fact, educating the electorate about the maps is a big concern because many Boulder County voters don’t realize they’re in a new district. This is especially …

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Washington (WA) Payday Loans with Bad Credit| No Credit Check

Payday loans in Washington are the same as those in other states. The borrower receives the desired sum of money, which is often between $100 and $1,000, and you then give them a set of keys in place of Payday. The car is given back to the original owner once …

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A success or a failure?

From: Asad Mirza The recent economic upheaval followed by political unrest in Sri Lanka has once again placed China’s Belt and Road Initiative (BRI) at the center of the debate over whether it is beneficial or insensitive to participating countries in addition to be a success or a failure. Chinese …

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Banco Santander-Chile (NYSE: BSAC) Receives Consensus “Hold” Recommendation From Analysts

Banco Santander-Chile (NYSE: BSAC – Get a rating) received a consensus recommendation of “Hold” by the seven analysts who currently cover the company, reports Marketbeat.com. Six research analysts rated the stock with a hold recommendation. The 12-month average target price among brokerages that have reported on the stock over the …

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EC clears €4 billion state aid scheme for IMM Invest Plus companies in Romania

The European Commission (EC) has approved a €4 billion state aid scheme in Romania, including guaranteed loans and grants, aimed at supporting local businesses coping with the effects of war in Ukraine. Under the programme, the Romanian state will guarantee loans up to RON 17.8 billion (EUR 3.6 billion) and …

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Denzil McDaniel: Before Truss in Liz, it’s worth watching who gave her the keys to Downing Street

There’s a funny article doing the rounds on social media showing photos of a horse stuck between the bars of a door and a car perched atop a concrete pillar. He understands the phrase: “Do you ever look at things and wonder how they got there?” Included is a photo …

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SpiceJet likely to get Rs 225 crore next week under ECLGS to clear dues

SpiceJet is expected to secure around Rs 225 crore next week under the central government’s Emergency Credit Line Guarantee Scheme (ECLGS) to settle its dues, sources said on Friday. The airline has been recording losses for four years. In addition, it currently operates less than 50% of flights, following …

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A Deep Dive into the Government’s Emergency Line of Credit Guarantee Scheme

The Emergency Line of Credit Guarantee Scheme (ECLGS) was one of the most significant government announcements at the height of the COVID-19 lockdown. Over the past two and a half years, the regime has seen regular changes. Follow us as we review its performance: Aviation, hospitality and tourism are the …

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USDA invests in emergency preparedness and clean energy in rural Kansas

Submitted Christy Davis, Kansas State Director for Rural Development at the United States Department of Agriculture (USDA), announced that the USDA is investing $639,854 in critical infrastructure in rural Kansas. “Kansas is ready to tackle climate change as we have always faced major challenges – with our unique brand of …

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Loan forgiveness makes it possible to repeat the same mistakes

FILE – President Joe Biden speaks on canceling student debt in the Roosevelt Room of the White House, Aug. 24, 2022, in Washington. One in four black borrowers would see their debt wiped out entirely under the administration’s plan, which forgives $10,000 of federal student loan debt for those with …

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Banco Santander-Chile (NYSE:BSAC) shares the gap at $15.60

Banco Santander-Chile shares (NYSE: BSAC – Get a rating) fell ahead of Friday’s trading. The stock had previously closed at $15.60, but opened at $14.86. Shares of Banco Santander-Chile last traded at $14.90, with volume traded at 5,151 shares. Analyst upgrades and downgrades A number of analysts have recently commented …

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CBC-CGCC Memorandum of Understanding offers transparent loan assessment for women and SMEs

Cambodian women and SMEs can expect more transparent loan assessment following a recent agreement between the Credit Bureau (Cambodia) Co., Ltd. (CBC) and the Credit Guarantee Corporation of Cambodia Plc. (CGCC). They signed a memorandum of understanding to strengthen the financial inclusion of women and SMEs through the promotion of …

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BAYFIRST FINANCIAL CORP. MANAGEMENT REPORT OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-Q)

The following discussion explains our financial condition and results of operations as of and for the three and six months ended June 30, 2022. The following discussion and analysis should be read in conjunction with the consolidated financial statements and related notes presented elsewhere in this report and our Annual …

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BANK FIRST CORP MANAGEMENT REPORT ON FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Form 10-Q)

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2021, included in our Annual Report and with our unaudited condensed accompanying notes set forth in this Quarterly Report on …

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MERCANTILE BANK CORP Management’s Report on Financial Condition and Results of Operations (Form 10-Q)

Forward-looking statements This report contains forward-looking statements that are based on management's beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and our company. Words such as "anticipates," "believes," "estimates," "expects," "intends," "is likely," "plans," "projects," "indicates," "strategy," "future," "likely," "may," "should," "will," and variations …

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US startups seeking funding shouldn’t overlook government funding – TechCrunch

Although Uncle Sam’s Money Isn’t a Priority for Startups, SBA Loans Can Provide Low-Cost Capital What is the difference between a startup and a small business? Semantics, above all. While many startups struggle to raise money from venture capitalists as funding continues to dip this year, the U.S. Small Business …

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Mission Valley Bancorp Reports Second Quarter 2022 Results

SUN VALLEY, Calif., July 29, 2022 /PRNewswire/ — Mission Valley Bancorp (OTCQX: MVLY, “Mission Valley” or the “Company”) today announced net income of $0.7 millionWhere $0.20 per diluted share, for the second quarter of 2022, compared to a net result of $1.6 millionWhere $0.48 per diluted share, for the second …

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Santa Cruz County Bank Announces $5 Million Share Repurchase Program

SANTA CRUZ, Calif., July 25, 2022 /PRNewswire/ — Santa Cruz County Bank (OTCQX: SCZC), today announced the launch of a $5 million Share buyback program. The Bank’s Board of Directors has authorized the share repurchase program and has received the required approvals from the California Department of Financial Protection and …

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Chinese labor market improves in first half of 2022

The government has pledged to continue supporting businesses and taking relief measures to ensure that jobs are maintained in the country. China’s labor market improved in the first half of 2022, with 2.5 million unemployed people finding new jobs and 6.54 million jobs created during the period, according to official …

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MSME News: MSMEs bounce back with standardized refunds: SIDBI MD Sivasubramanian Rammann

The Small Industries Development Bank of India (SIDBI), the largest lender to the vital SME segment, estimates that the damage to the financial system would be far less than expected with the recovery of the economy post-Covid, as lending data guaranteed by the government showed no spike in defects. Chairman …

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Community Bancorp of Santa Maria Announces Second Quarter Results and Dividend | Company

Posted on July 12, 2022 | 8:49 p.m. Janet Silveria, president and CEO of Community Bancorp of Santa Maria, the sole bank holding company of Community Bank of Santa Maria, released her earnings report for the period ending June 30 and announced that her board directors had declared an annual …

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Bank NPAs at 6-year low, still higher than comparable economies | India Business News

MUMBAI: Gross non-performing assets (GNPA) of banks hit a six-year low of 5.9% in March 2022. But India postal code ratio is one of the highest among comparable countries, according to a report. With the exception of Russia, which has a NPL of 8.3%, all major markets have NPLs below …

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Banco Santander-Chile (NYSE:BSAC) shares purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Banco Santander-Chile (NYSE: BSAC – Get a rating) by 14.8% in the 1st quarter, Participation channel reports. The company held 125,531 shares of the bank after buying an additional 16,200 shares during the quarter. Zurcher Kantonalbank Zurcher Kantonalbank’s holdings in Banco Santander-Chile …

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Farmers & Merchants Bancorp (F

Q1-22 Highlights Generated record net earnings of $17.1 million, or $21.70 per share; Average return on assets of 1.29% and average return on equity of 14.65%; Total assets increased $690 million, or 14.6%, year-over-year to $5.4 billion; Total deposits increased $596 million, or 14.1%, year-over-year to $4.8 billion; Loans held …

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Operation Sanches comes back to life but Milan have no shortage of alternatives

Renato Sanches has been linked with AC Milan for months but over the past week he has seemingly been closer to a move to Paris Saint-Germain than the Rossoneri. Rumors that have however been denied. Stefano Pioli wants Paolo Maldini and Ricky Massara to bring in a midfielder this summer …

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Electric vehicles in South Africa: how to avoid making them the privilege of the few

Gaylor Montmasson-Clair, University of Johannesburg In the early 1900s, automobiles took to the streets of industrialized cities, quickly supplanting horse-drawn vehicles. Fiercely contested at first, the internal combustion engine won the technological battle against electric vehicles, which accounted for up to a third of vehicles on the road before declining. …

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Barclays to hunt down £1billion Covid scammers

Barclays to hunt down £1billion Covid crooks: Bank to send crack team of fraudsters to recover loans – as taxpayers face huge losses Fake borrowers may have obtained £5bn out of a total of £47bn issued by all banks The Treasury has guaranteed Bounce Back loans so that banks are …

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Belleville leaders tour the new HPE Animal Center ahead of the late summer opening

Content of the article Humane Society Hastings Prince Edward welcomed Belleville City Council and city executives to its new center for a taste of the facility before it opens later this summer. Content of the article The visit follows City Council’s approval in July 2019 of a special $400,000 grant …

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Live Oak Bancshares (NASDAQ:LOB) and Heritage Commerce (NASDAQ:HTBK) Head-to-Head Analysis

Live Oak Bancshares (NASDAQ: LOB – Get a rating) and Heritage Trade (NASDAQ: HTBK – Get a rating) are both small cap finance companies, but which stock is better? We’ll compare the two companies based on institutional ownership strength, risk, valuation, profitability, earnings, analyst recommendations and dividends. Dividends Live Oak …

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Fleetwood Bank Co. (OTCMKTS: FLEW) Announces $0.50 Dividend

Fleetwood Bank Co. (OTCMKTS: THEFT – Get a rating) announced a dividend on Friday, June 17, investment.com reports. Investors of record on Friday, June 24 will receive a dividend of 0.50 per share on Friday, July 1. This represents a return of 3.08%. The ex-date of this dividend is Thursday, …

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China to promote Nansha opening

*By NewsGD The State Council has released a comprehensive plan to promote comprehensive cooperation between Guangdong, Hong Kong and Macao by further deepening opening up in Nansha District of south China’s Guangdong Province, according to a report. circular published on June 14. The plan will be implemented in the whole …

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July-March period: outstanding government guarantees amount to $6.06 billion

ISLAMABAD: Outstanding Pakistan government guarantees stood at $6.066 billion in the first three quarters (July-March) of FY 2021-22 with total guarantees at $6.876 billion, but the rupee parity -dollar is given at 183 per dollar. According to the budget documents, the outstanding national guarantees in terms of rupees was 2.7 …

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Are USDA loans available to everyone? How to know if you qualify

USDA home loans provide a pathway to homeownership for low-income people and for people who are looking to buy a house in some parts of the country. These mortgages are guaranteed by the United States Department of Agriculture under its Rural development program, which encourages home ownership in small communities …

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UniCredit well positioned to weather Italian debt volatility – CFO

The Unicredit logo is displayed in this illustration taken May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register MILAN, June 8 (Reuters) – UniCredit (CRDI.MI) is well placed to weather the volatility in Italian government bonds, the group’s chief financial officer said on Wednesday, …

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Banco Macro SA – Consensus indicates upside potential of 46.3%

Bank Macro SA with ticker code (BMA) now have 8 total analysts covering the stock. The consensus rating is ‘Underperform’. The range between the high target price and the low target price is between 63 and 13, with the middle target price at 22.46. Now, with the previous closing price …

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Demand may be too high for Saskatchewan. economic development loan program

Breadcrumb Links Saskatchewan New Local News According to the Government of Saskatchewan, lack of access to capital has been identified as a major impediment to increasing Aboriginal equity participation in natural resource and value-added agriculture projects. Thomas Benjoe, president and CEO of FHQ Developments, says Alberta offers a similar program …

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Analysis of TC Banc (NASDAQ:TCBC) and Axos Financial (NYSE:AX) stocks

TC Bench Shares (NASDAQ: TCBC – Get a rating) and Axos Financial (NYSE:AXIS – Get a rating) are both finance companies, but which stock is superior? We’ll compare the two companies based on valuation strength, institutional ownership, profitability, analyst recommendations, earnings, dividends and risk. Insider and Institutional Ownership 14.4% of …

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France: law to strengthen occupational health prevention

The Occupational Health Law was passed in August 2021, but its measures entered into force on March 31, 2022, while others will become statutory later in 2023, or even in 2024. In addition to changes in occupational health services, and strengthening medical visits, the law increases the employer’s “duty to …

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Advocata supports the privatization of SriLankan Airlines

Says debt-ridden state national carrier loses Rs. 99 my day; a burden the country can no longer afford Independent think tank Advocata Institute backs the privatization of SriLankan Airlines saying its daily loss of Rs. 99 million is a burden the country …

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TC Bancshares (NASDAQ:TCBC) and Ponce Financial Group (NASDAQ:PDLB) Stock Review

TC Bench Shares (NASDAQ: TCBC – Get a rating) and Ponce Financial Group (NASDAQ: PDLB – Get a rating) are both small-cap finance companies, but which stock is superior? We’ll compare the two companies based on valuation strength, analyst recommendations, dividends, earnings, profitability, risk and institutional ownership. Profitability This table …

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Main Street Revitalization Program Includes Loan Option

(KNSI) – The Main Street Revitalization Program has received a second round of funding for matching grants, but that’s not the only way it could potentially help businesses in downtown Saint Cloud. The Initiative Foundation will administer the program. Vice President of Community Development and Workforce Don Hickman says secured …

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Banco Santander-Chile (NYSE:BSAC) reduced to “sell” on StockNews.com

Banco Santander-Chile (NYSE: BSAC – Get a rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released Thursday. The BSAC has been the subject of several other reports. Zacks Investment Research upgraded Banco Santander-Chile shares from a “hold” rating to a “buy” rating …

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Santa Cruz County Bank Hires Randy Lagomarsino

Mr. Lagomarsino has 17 years of banking experience with extensive experience in sales and lending for major financial institutions in Northern California and the Bay Area. He was Head of Commercial Lending at Wells Fargo Banking Group and Head of Commercial Banking Group Business Development at Wells Fargo. He also …

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You are not alone | Opinion

As a former small business owner, I struggled to obtain low-cost capital early in my journey of acquiring a residential income investment property and opening a sales franchise. retail gas and convenience store in the 1980s. Starting in my mid-twenties and like millions of other aspiring business owners, I lacked …

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ORRSTOWN FINANCIAL SERVICES INC Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q)

The following discussion and analysis is intended to assist readers in understanding the consolidated financial condition and results of operations of Orrstown and should be read in conjunction with the preceding unaudited condensed consolidated financial statements and notes thereto included in this Quarterly Report on Form 10-Q, as well as …

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Banco Santander-Chile (NYSE:BSAC) expected to post quarterly sales of $719.93 million

Wall Street analysts expect Banco Santander-Chile (NYSE:BSAC – Get a rating) will announce sales of $719.93 million for the current quarter, Zacks reports. Two analysts provided earnings estimates for Banco Santander-Chile. The highest sales estimate is $741.66 million and the lowest is $698.19 million. Banco Santander-Chile recorded sales of $709.58 …

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Financial review: Waterstone Financial (NASDAQ: WSBF) and TC Bancshares (NASDAQ: TCBC)

Waterstone Financial (NASDAQ: WSBF – Get a rating) and TC Bancshares (NASDAQ: TCBC – Get a rating) are both small-cap finance companies, but which stock is superior? We’ll compare the two companies based on their risk strength, earnings, dividends, analyst recommendations, institutional ownership, valuation, and profitability. Profitability This table compares …

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Banco Santander-Chile (BSAC) is expected to publish its quarterly results on Friday

Banco Santander-Chile (NYSE: BSAC – Get a rating) will announce its results before the market opens on Friday, April 29. Analysts expect the company to report earnings of $0.55 per share for the quarter. Investors wishing to participate in the company’s conference call can do so using this link. Banco …

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Banco Santander-Chile (NYSE:BSAC) receives an average PT of $24.67 from brokers

Banco Santander-Chile (NYSE: BSAC – Get a rating) received a consensus rating of “Hold” from the six brokerages that currently cover the stock, market beat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The 12-month average price …

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Comparison between Suncrest Bank (OTCMKTS:SBKK) and Lakeland Bancorp (NASDAQ:LBAI)

Suncrest Bank (OTCMKTS: SBKK – Get a rating) and Lakeland Bancorp (NASDAQ: LBAI – Get a rating) are both small cap finance companies, but which is the better investment? We’ll compare the two companies based on the strength of their profitability, dividends, risk, earnings, institutional ownership, analyst recommendations and valuation. …

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Turkey could launch a new airline for Russian tourists

While many countries have implemented sanctions against Russia and made it difficult for Russians to visit, Turkey is doing the exact opposite. The country comes from revealed three programs intended to increase the number of Russian visitors, which will no doubt be controversial. Turkey’s plan to attract Russian visitors Before …

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$400 Loans No Credit Check: What Credit Score Is Required?

No matter how desperately you need fast cash, you should think twice before getting $400 loans no credit check. Why? Because they are potentially as predatory as payday loans. One misstep can lock you into a cycle of debt for years. In most cases, these loans come with interest rates …

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Soaring inflation in Spain is delaying economic and fiscal recovery; Growth will slow in 2022

High inflation poses a challenge for the ECB Spain and the euro Soaring inflation in the region poses a challenge for the ECB. Price stability is the main mandate of the central bank. However, the ECB is facing a very specific situation, in which inflation is mainly fueled by supply-side …

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Toomey rightly wants to curb the gallop of the mission at ‘Boeing’s Bank’ | News, Sports, Jobs

WASHINGTON — The Export-Import Bank’s armor of daring, though the thickness of rhino skin, won’t protect it from Pennsylvania Sen. Patrick J. Toomey, a Republican-ranked Banking Committee. He knows that what the bank’s board will consider on April 14 is not mission drift, but mission gallop. The Ex-Im …

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Indian-American doctor jailed for 96 months for healthcare fraud

Ameet Goyal (Photo: IANS) New York- An Indian-American eye doctor from New York has been sentenced to 96 months in prison for a healthcare fraud scheme, as well as fraudulently obtaining government loans for small businesses affected by Covid. Ameet Goyal, MD, was convicted this month by Damian Williams, U.S. …

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TC BANCSHARES, INC. Management report and analysis of the financial situation and operating results. (Form 10-K)

The following discussion provides additional information regarding our results of operations and financial condition for the years ending December 31, 2021 and 2020, and should be read in conjunction with our consolidated financial statements and the related notes, which appear beginning in Item 8 of this report. Historical results of …

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Andalusia | The Andalusian economy has already lost 600 million euros due to the transporters’ strike

Juanma Moreno at the Carmona meeting. / Joaquin Corchero Junta leader calls on government to cut fuel taxes with immediate effect and sit down to talk with protest organizers The transporters’ strike, now in its tenth day, has already caused losses of 600 million euros to the Andalusian economy, according …

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RO companies have already borrowed €240 million under a new government-backed program IMM Invest

Over 2,000 loan applications totaling RON 1.2 billion (EUR 240 million) have already been approved under the new editions of the government-backed IMM Invest and IMM Agro Invest programs, the finance minister said Adrian Caciu announcement. The new editions of the two schemes, aimed at supporting investment in the economy, …

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Ukraine War News March 16: Biden calls Putin a ‘war criminal’, US sends armed drones to Ukraine

Russian investigators on Wednesday opened criminal proceedings against a blogger for spreading what they said was “knowingly false information” about the war in Ukraine, during the first application of a new law that carries a penalty of up to up to 15 years in prison. The Investigative Committee said the …

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When it’s time to get away from your Sacco

Businessman pointing at data presented on graph [Courtesy] Saving in a Sacco has been touted as one of the best ways to make your money work for you. Not only does it guarantee you dividends from time to time, but it also allows you to borrow against your savings at …

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Cambodian Public Bank Plc. enters into a credit guarantee partnership with CGCC

Cambodian Public Bank Plc. (Campu Bank) and Credit Guarantee Corporation of Cambodia (CGCC) recently entered into a partnership agreement on credit guarantee at Campu Bank Building. The main objective of the partnership is to financially assist small and medium-sized enterprises (SMEs) to easily access financing for their business amid the …

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Judge: Former bank manager must pay $4.5 million in restitution and serve 9 months in prison

A former chairman, CEO and president of Valley Bank, Moline, was sentenced on Tuesday to nine months in prison and paid $4.5 million in restitution. In the U.S. District Court for the Southern District of Iowa, Larry Charles Henson was sentenced to nine months, followed by a five-year period of …

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Subordinated Debt Scheme of Rs 20,000 cr for MSMEs: Government says proposal to amend guidelines is underway

Credit and finance for MSMEs: Subordinated debt refers to subordinated debenture or junior securities, a type of unsecured loan or bond that ranks below other senior loans or securities in terms of claims on assets or income. Credit and financing for MSMEs: The Rs 20,000 Crore Credit Guarantee Scheme for …

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Lending: SME weakness may add stress to ECLGS book

Mumbai: Loans disbursed under the Emergency Line of Credit Guarantee Scheme (ECLGS) could cause another wave of pain for financial institutions as most of the small and medium-sized businesses in the borderline sector that received a bid loans continue to struggle. Also, interest in the expanded ECLGS scheme has been …

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Student loan fund to release guarantors from liability under new law

The new law would allow the fund to help borrowers being sued during trials or after court rulings or when they are under lawful enforcement of court orders, Krisada added. The fund would be empowered to restructure bad debts so that former students could return money borrowed from the fund, …

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Some tax breaks, some social protections like…

“Even if we face arduous and daunting challenges, as we have done in the past, we will overcome them. To do this, we must strike a critical balance between saving lives and livelihoods, while supporting inclusive growth. This budget strikes that balance,” Finance Minister Enoch Godongwana said in his prepared …

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Banco Macro SA – Consensus indicates 17.1% upside potential

Bank Macro SA with ticker code (BMA) now have 6 total analysts covering the stock. The consensus rating is “Hold”. The target price ranges between 19 and 12 calculating the average target price we see 16.45. With the stock’s previous close at 14.05, this would indicate that there is upside …

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Wheat project scandal: EFCC grid NIRSAL MD

The Economic and Financial Crimes Commission questioned the Chief Executive of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Aliyu Abdulhameed, over an alleged wheat scandal. EFCC and NIRSAL sources told the Daily Trust that Abdulhameed was questioned last Friday and Tuesday this week. The MD had repeatedly …

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KENTUCKY FIRST FEDERAL BANCORP: MANAGEMENT REPORT AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-Q)

Forward-looking statements Certain statements contained in this report that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties. When used herein, the terms "anticipates," "plans," "expects," "believes," and similar expressions as they relate to Kentucky First Federal Bancorp or its management are intended to …

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RIVERVIEW BANCORP INC Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q)

This report contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These measures include net interest income on a fully tax equivalent basis and net interest margin on a fully tax equivalent basis. Management uses these …

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Santa Cruz County Bank Hires Paul Happach, Senior Vice President, Chief Product and Digital Transformation Officer

Mr. Happach has a banking background of 24 years with extensive experience in product management, project management and IT management. Mr. Happach established himself in the e-channel business with Rabobank, specializing in online banking, e-channel products and systems management. Most recently, Mr. Happach served as SVP and Director of Program …

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Moving to the UK? Here are the types of financing you can apply for to help you create a home

Although Malawians tend to migrate to Zimbabwe and South Africa in much larger numbers, there are still a lot of movement from the landlocked country in southern Africa to the very not Landlocked UK. Both Malawi and the UK are Commonwealth countries with close ties. Commonwealth citizens were once automatically …

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Increased commercial lending has obligated more than $250 million in USDA B&I CARES Act loans, among the largest of any participating lender

RENO, Nev., February 3, 2022 /PRNewswire/ — Greater Commercial Lending (GCL), a subsidiary of Greater Nevada Credit Union (GNCU) that serves rural and underserved communities, obligated on $200 million in government guaranteed loans from the US Department of Agriculture (USDA) Business and Industry CARES Act and assisted with approximately $50 …

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European banks urged to wait and see before cutting loan loss reserves

The European Central Bank is warning banks against releasing loan loss provisions early and wants to ensure that the assumptions underlying existing provisions prove to be correct before further releases. Banks added provisions – funds set aside to cover future non-performing loans – at the start of the COVID-19 pandemic …

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Obtain financing to start or expand your business

VSCapital is vital for any business, whether it is starting up or looking to grow. How you finance your business can have a huge impact on your operations and your ability to take advantage of new opportunities. The good news is that there are plenty of choices for business owners …

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Dollar inflows jump to 9.27 billion

ISLAMABAD: Dollar inflows from Pakistan jumped to $9.27 billion in the first half (July-December) of the current fiscal year after receiving a large share of a $3 billion loan from Saudi Arabia in December 2021. In December 2021 alone, Pakistan had received $4.525 billion in inflows of dollars in the …

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Itzel Meador takes the lead as director of SBA loans at First Security Bank

The path to Small Business Administration (SBA) loans for First Security Bank’s Itzel Meador has been a long and winding road — and a promising career path, too. The Dallas native came to Arkansas over 20 years ago for her husband’s job. They are located in Fordyce, a small town …

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What should you consider when considering getting a payday loan?

Once the loan is accepted by the credit company, the amount is immediately credited to your account. Online payday loans are received simply and in a timely manner. Online payday loans are a fantastic choice for people who have little money to meet their needs. Regardless of the name, these …

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