LONDON (Reuters) – Britain’s biggest domestic lender Lloyds Banking Group (LLOY.L) reported a 26% drop in annual profit on Thursday, hit by increasing bad debts and billions of pounds of customer compensation. Provisions to cover payouts to customers mis-sold payment protection insurance (PPI) reached nearly 2.5 billion pounds ($3.2 billion) in 2019, dragging down pretax […]
Archives for 2020
Rich Greenfield on all the streaming video plays
[embedded content] We had Rich Greenfield stop by and tell us about who’s who in the Streaming Wars and what investors need to know about the prospects for these companies. Greenfield has been covering the Tech Media Telecom (TMT) space since the 1990’s and knows the players involved forward and back. There’s a lot of […]
TikTok to focus on self regulation to ensure people ‘post responsibly’
Chinese video sharing app Tiktok, which has had a tough time in India due to regulatory issues, on Thursday affirmed to focus on self regulation to ensure that people ‘post responsibly’. There is a four-step moderation process to review posts so as to maintain the platform’s credibility, its country head Nikhil Gandhi said. The app, […]
Morgan Stanley to buy E*Trade for $13B
Morgan Stanley agreed to buy E*Trade Financial for $13 billion, adding the retail brokerage to its Wall Street powerhouse and continuing the industry’s consolidation. The all-stock takeover adds E*Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion, the companies said Thursday in a statement. Morgan Stanley also gets E*Trade’s direct-to-consumer and digital capabilities […]
How Much Do You Know About the Four Basic Financial Statements?
If you’re a small business owner, you know how important it is to keep your financial information in order. But to keep your finances organized, you have to know about the four basic financial statements and how you can use them to grow your small business. What are financial statements? A financial statement is chock-full […]
Fintech investments in India nearly doubled to $3.7 billion in 2019, says Accenture
Fintech investments in India nearly doubled to $3.7 billion in 2019 from $1.9 billion the previous year, putting the country as the world’s third largest fintech center, behind only the U.S. and U.K., according to Accenture. Accenture, which analyzed data from CB Insights, a global venture-finance data and analytics firm, said the number of deals […]
Zerodha seeks asset management company licence to foray into mutual fund
Discount broking firm Zerodha said on Thursday it had applied for an asset management company (AMC) licence, which will permit it to build mutual fund products. Nithin Kamath, founder and CEO of Zerodha, told ET that the application to markets regulator Securities and Exchange Board of India (Sebi) is aimed at building such products targeted […]
58% of older clients want advice on retiring early
The top question asked of financial advisers by older clients was whether they can afford to retire early, according to a new survey. Standard Life’s bi-annual survey of nearly 300 UK financial advisers found that the most common question advisers were asked by clients close to retirement was how much money they needed to retire early […]
Dean Emeritus Williams Named to National Accounting Hall of Fame – University of Arkansas Newswire
Feb. 20, 2020 Photo Submitted Doyle Z. Williams Doyle Z. Williams, dean emeritus of the Sam M. Walton College of Business at the University of Arkansas, will be inducted into The Accounting Hall of Fame in 2020. He is among five new members to be inducted into the hall of fame in August during the American […]
I-T dept moves HC against Flipkart’s ITAT ruling
The income tax (I-T) department has taken Walmart-owned Flipkart to high court over its Rs 110-crore demand. The case relates to the treatment of discounts as capital expenditure instead of revenue expenditure, according to court listings reviewed by TOI. Flipkart was issued a notice last month to appear and represent its case following the tax […]