Posts in category

Finance division


Fatima Yasmin For the first time, the Government of Bangladesh has appointed a woman in the Finance Division as Secretary. Fatima Yasmin, who previously served as secretary in the Economic Relations Division, was promoted to principal secretary on Thursday. This promotion will be effective from July 17, according to a notification in the official journal …

June 16, 2022: Borrowing costs for eurozone governments jumped ahead of the first interest rate hike by the European Central Bank in a decade, rekindling memories of its debt crisis. Soaring yields – or interest – that governments must pay investors who buy sovereign bonds prompted the ECB to hold an emergency meeting on Wednesday. …

No company department or division wants to develop a reputation for always throwing a spanner in the works whenever strategic decision makers consult on a new direction or business opportunity. But as any VP or department head knows, the operational details are often inevitably complex. And although the CEO may feel that the company Needs …

May 06, 2022 (MLN): The profitability of the top 100 companies listed on the Pakistan Stock Exchange (PSX) continued to soar as they recorded a 23% year-on-year increase in net profit to Rs 822 billion in the nine months ending March. 31 2022, fueled by heavily weighted sectors including commercial banks. Compared to 9MFY20, index …

ISLAMABAD: The Finance Division has revised upwards the salary package of directly recruited project staff for development projects funded by the Public Sector Development Program (PSDP) after the approval of the Prime Minister after a 5% increase . A memorandum of understanding issued by the Regulation Wing of the Finance Department brought the approval of …

The Los Alamos County Board recognizes the County Finance Division at the March 29 council meeting. Photo courtesy of LAC Nicholle Cordova, Los Alamos County Accounts Payable and P-Card Administrator, and Reese Chavarria-Quam, Accounting Operations Manager, accept the FY2020 Audit and Accountability Award for the State Auditor’s ACFR FY2020 Brian Colon. Photo courtesy of LAC …

ISLAMABAD: The Finance Division has launched a call for proposals for the hiring of a competent company to set up the Monitoring and Evaluation Unit (MEU) of the Kamyab Pakistan programme. The Ministry of Finance has stated that it intends to hire and engage an organization to carry out regular monitoring and evaluation of the …

ISLAMABAD: We note with concern that some international publications have published fabricated accounts of the state of Pakistan’s economy and the popularity of the PTI government led by Imran Khan. These publications have printed extremely biased one-sided articles, ignoring the views of the government or the independent assessments of its development partners, including the IMF, …

March 23, 2022 (MLN): It has been noted with concern that some international publications have published fabricated stories about the state of Pakistan’s economy and the popularity of the Imran Khan-led PTI government, a statement released by the Finance Division said today. These publications printed extremely biased one-sided articles, ignoring the government’s views or the …

Carty & Co. of Memphis has hired veteran public finance banker Edmond Hurst of Little Rock to lead the company’s national public finance and capital markets division. Hurst worked in public finance for nearly 30 years with Little Rock-based Crews & Associates. Carty & Co. is a full-service investment broker/dealer located in Memphis. The firm …

ISLAMABAD: The Finance Division has approved the Commitment Control Guidelines in consultation with the Auditor General of Pakistan issued to minimize the accumulation of government expenditure arrears, major fiscal indiscipline and low fiscal credibility. A notification to this effect uploaded by the Finance Division on its website on Tuesday and sent to all Principal Accountants …

Nomura Holdings, Inc. today announced plans to reorganize its Future Innovation Company into a new digital company, effective April 1, 2022. “This is an important next step in our digital evolution,” said Kentaro Okuda, President and CEO of Nomura Group. “Digital technology is a critical part of our strategic drive to expand our operations into …

ISLAMABAD: The Sub-Committee of the Cabinet Secretariat Standing Committee has instructed the Finance Division to look into the cases of 64 private secretaries who have been subject to pension recoveries by the Accountant General of Revenue Pakistan (AGPR) for humanitarian reasons. The sub-committee met MP Mohsin Dawar at the Parliament Buildings on Tuesday. The committee …

Governor of the State Bank of Pakistan (SBP), Dr Reza Baqir, receives a monthly salary of 2.5 million rupees and worked at the International Monetary Fund (IMF) for 18 years before his appointment, according to a document released Friday by the Finance Division. The document was released in response to questions posed by Senator PML-N …

ISLAMABAD: The finance division said on Tuesday that further actions for the success of the IMF program on September 22 will be discussed in future reviews. Following the publication of the IMF staff report after the approval of the 6th review under the Extended Financing Facility (EFF), different interpretations were reported in various sections of …

“We recognize the growing demand from brokers for a development finance partner who can support them through the process, from initial application to completion and beyond.” The plans were overseen by Alex Upton, the new managing director of the development finance division. Prior to his appointment, Alex was …

The delay poses problems for the finance division to prudently close the daily gap between income and expenditure, they said. Finance division officials said ministries and divisions are still showing a tendency towards a centuries-old manual system, which has caused a delay in the submission of funds from fines, compensations and sales of confiscated items. …

The specialized finance company Wingspire Capital has broadened its product mix with the creation of a division dedicated to equipment financing: Wingspire Equipment Finance. Wingspire Equipment Finance will focus on equipment finance transactions ranging from $10 million to $200 million for sponsored, publicly traded and private, lower quality companies for transactions such as: New capital …

The Finance Division has formally requested the International Monetary Fund (IMF) to postpone the meeting of the Executive Board for the consideration of the sixth review until the end of this month, according to a press release issued on Sunday. The board’s $6 billion Expanded Financing Facility (EFF) review was due to be held on …

– ISLAMABAD, Pakistan: The Finance Division clarified that news published in the Daily ‘The News’ titled “Government failed to buy gas cargo ships on time, admits TarinIs completely misleading and out of context. In a statement released on Wednesday, the finance division said that when the anchor (Nadeem Malik) asked about the gas shortage situation …

The Australian-based fintech has confirmed that David Bicknell will serve as the global senior vice president of Airwallex’s financial division. Mr. Bicknell will join the company in Melbourne after returning from San Francisco where he led Facebook’s international finance team. He will oversee all of Airwallex’s financial planning and provide strategy and advice to the …

ISLAMABAD: The Finance Division revised the strategy for releasing funds for the development budget for the current fiscal year 2021-2022 with the release of 50% of funds for quarters 1 and 2, and 50% for quarters 3 and 4. Previously, the strategy was to release 20% of development funds in the first quarter, followed by …

DALLAS–(BUSINESS WIRE)–Hilltop Securities Inc. (HilltopSecurities) is pleased to welcome Ted Chapman to its Public Finance division in Dallas, where he will serve as Credit Analyst for Investment Banking. “Having reliable municipal credit expertise is now more important than ever to our clients and we look to continue to build our capabilities in this area,” said …

DALLAS, August 18, 2021–(BUSINESS WIRE)–Hilltop Securities Inc. (HilltopSecurities) recently welcomed two key financial services leaders to its Public Finance division in Florida and Minnesota. John Pellicci will serve as senior managing director, responsible for high-yield municipal underwriting and sales, while Yaffa Rattner will serve as senior managing director, responsible for municipal credit in the company’s …

ISLAMABAD: In an article titled “Taxing the Savings of the Poor,” published in The News on July 17, 2021, Muhammad Ejaz-ul-Haq and Muhammad Tariq expressed a number of concerns regarding changes in tax policy applicable to income deposits and investments. The article is misleading because it is based on a misunderstanding of the benefits available …

ISLAMABAD: The Finance Division estimated the budget requirement at over Rs 21 billion to provide a surge subsidy to banks, in addition to an additional subsidy of the operational costs of microfinance providers (MFPs) and loss loan expected for the launch of the Kamyab Jawan program. Sources said the finance ministry estimated the budget needs …

MIAMI, July 7, 2021 / PRNewswire / – Idea Financial, a leader in the small business lines of credit industry, has successfully closed a new warehouse with Synovus Bank Specialty Finance and Hudson Cove Capital Management. The commitment of Synovus and Hudson Creek increases Idea Financial’s ability to extend competitive and flexible financial products to …

By Tom Zanki (June 14, 2021, 6:08 p.m. EDT) – The United States Securities and Exchange Commission on Monday appointed a law professor to head the agency’s Division of Corporation Finance, as the head of a key department that oversees the quality of corporate disclosures like the SEC is looking to flesh out its regulations. …

On Thursday, Boston-based financial services and banking holding company State Street Corporation announced the launch of a division dedicated to cryptocurrencies, digital economy and decentralized finance (challenge). State Street summons new division dedicated to crypto, blockchain and challenge State Street Financial Services Company (NYSE: STT) offers a wide range of products such as investment management, …

State Street launched State Street Digital, a new division focused on moving the industry toward digital finance. The new division will build on State Street’s current digital capabilities and expand to include crypto, central bank digital currency, blockchain and tokenization. Meanwhile, State Street’s proprietary GlobalLink technology platform will become an integral part of State Street …

Bitcoin infrastructure firm Blockstream to acquire bitcoin hedge fund manager Adamant Capital to serve as the base for Blockstream Finance, a new division focused on delivering bitcoin-focused investment products built on the Liquid side chain, according to a press release shared with Bitcoin Magazine. Blockstream highlighted its recent Blockstream Mining Note (BMN), a liquid-based security …

Blockstream has acquired bitcoin fund manager Adamant Capital as the base for its upcoming Blockstream Finance division. Bitcoin infrastructure firm Blockstream to acquire bitcoin hedge fund manager Adamant Capital to serve as the base for Blockstream Finance, a new division focused on delivering bitcoin-focused investment products built on the Liquid side chain, according to a …

JPMorgan Chase will encourage two women to jointly manage the bank’s consumer credit division, by far the largest company in the bank, potentially signaling that a woman could eventually head the largest bank in the United States. The bank said Marianne Lake, who was JPMorgan’s CFO for several years until recently, and current CFO Jennifer …

ISLAMABAD: The Pakistan Telecommunications Authority (PTA) and the Finance Division objected to paying a fee in rupees, instead of dollars, for the renewal of telecommunications company licenses. These companies contacted the court for the renewal of their licenses, which expired in 2019. Sources told The Express Tribune that the carriers have asked the government to …

Vaco, a global recruiting and consulting firm, has hired Caroline Haché to lead its new recruiting division in the accounting and finance industry in Montreal. Haché brings to Vaco more than ten years of experience in executive recruiting, finance and accounting, where she will serve as Managing Director. She previously spent seven years at Cielo, …

DALLAS – (COMMERCIAL THREAD) – Hilltop Securities Inc. (HilltopSecurities) recently welcomed Michael Belsky to the company’s Chicago public finance office. Belsky is joining the company as a Managing Director and will serve as a municipal credit analyst, as well as overseeing the company’s internal training program for public finance professionals as part of its professional …

EFFINGHAM, ILLINOIS – Aug 27, 2020 – Midland States Bank today announced that Midland Equipment Finance (MEF), its equipment finance division, has been named one of The Top 100 Equipment Finance and Leasing Companies by The Monitor Daily for the second year in a row. The MEF went from its initial 79e ranking at 66e …

After 18 months of planning, design and development, the Finance Division Knowledge Base is finally here. A self-service online library, the Knowledge Base contains hundreds of selected articles covering frequently asked questions, troubleshooting guides, tutorials, and other useful topics on finance and business operations. The articles were written by subject matter experts from each of …

DALLAS – (COMMERCIAL THREAD) – Hilltop Securities Inc. (HilltopSecurities) announced today that William Evans has recently joined the company’s public finance division as Managing Director, responsible for underwriting. Evans will lead HilltopSecurities’ negotiated and competitive underwriting efforts, working with public finance bankers and fixed income capital markets sales and trading offices to assist with pricing, …

Written by Andre Corselli Jason Zampi, who will become vice president of financial planning and analysis, a new department. Photo via NS. Norfolk Southern Corporation (NS) has announced organizational changes within its finance division, effective June 1, 2020. Jason Zampi will become vice president of financial planning and analysis, a new department. Clyde “Jake” Allison, …

A rendering of the future C&F Financial consumer loan building at 5491 International Trade Drive. (Submitted) A local bank is moving forward with the project of a new head office for one of its subsidiaries. C&F Financial, the parent company of C&F Bank, closed this month on land near Richmond International Airport, where it will …

SAN JOSE, Calif.–(BUSINESS WIRE)–Avidbank Holdings, Inc., (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, today announced that two accomplished credit professionals have joined the Bank. Mounir Gad joined the Bank as Senior Vice President, Market Manager, Specialty Finance Division. His prior experience includes Crestline Investors, Inc., an institutional alternative investment …

The Federal Reserve Building in Washington. Photo: chris wattie/Reuters December 18, 2019 11:68 a.m. ET The Federal Reserve said on Wednesday that a top economist, Beth Anne Wilson, will lead its international finance division starting early next year. Ms. Wilson is currently deputy director of the division and will succeed Steven Kamin, who announced earlier …

In order to strengthen its presence in the field of real estate financing, the multi-specialist bank Leumi UK announces the appointment of Daniel Blancman and Andrew Boyce to its real estate financing team Andrew Boyce (left) and Daniel Whiteman (right) Daniel Whiteman has been appointed director of relationships and Andrew Boyce joins as deputy director …

Service in the community is business as usual for many offices and departments in Notre Dame. This is the case with the Finance Division. Lending a helping hand reflects the Catholic character and the institutional mission of the University. “Serving others is what Jesus did”, comments Mark Zeese, a business process program manager in accounting …

One of India’s oldest development finance institutions, ICICI Bank Ltd., which later evolved into a universal bank, decided to close its dedicated project finance vertical, a person with direct knowledge of the matter said. of the file, on condition of anonymity. All project finance proposals will now be evaluated by the Broad Business Loans division. …

COLOMB, Georgia – (COMMERCIAL THREAD) – Synovus Bank announced the launch of a new specialty finance division focused on providing debt finance and commercial banking solutions to finance companies operating in niche asset classes. The division includes the addition of a structured finance team and draws on the expertise of Global One Financial, the insurance …