By Tobias Adrian, Financial Counsellor and Director of the IMF’s Monetary and Capital Markets Department

Despite a global economic crisis comparable only to the Great Depression, near-term financial stability risks have been contained with the help of unprecedented monetary policy easing and massive fiscal support across the globe. But many economies had pre-existing vulnerabilities – which are now intensifying, representing potential headwinds to the recovery.

Extraordinary policy measures have stabilized markets, boosted investors’ sentiment, and maintained the flow of credit to the global economy. Critically, these measures helped prevent a slowing economy and sliding financial markets from feeding on each other in a destructive vicious cycle.

The rebound in asset prices and the easing in global financial conditions have benefited not only advanced economies, but also emerging markets. In addition, unlike in previous crises, emerging markets this time were also able to respond by cutting policy rates, injecting liquidity and,

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For many Americans across the country, the prospect of getting a second stimulus check from the government is a matter of life or death. With millions of people out of work due to layoffs and cuts caused by the coronavirus pandemic, many households have been forced to depend on government aid to help pay for basic needs, including food, housing and essential bills. 

But instead of elected officials helping those in need, many critics say, politicians are playing games with their lives.

Last week in a series of tweets, President Trump called on Congress to pass additional coronavirus relief measures. It was a stunning reversal after he’d announced just hours earlier that he was calling off negotiations until after the November election.

“The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business,” Trump tweeted on

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LOS ANGELES, Oct. 13, 2020 /PRNewswire/ — In a time of uncertainty like Covid, millions of people struggle with the ongoing trials of financial hardships. ConsumerTrack, a leading Los Angeles-based digital media and marketing company, has seen growing demand from millions of visitors to its personal finance websites, including GOBankingRates.com

Americans seek knowledge and guidance on managing their savings, investing at the optimal time, and keeping their retirement plans on track. To help answer these critical questions and guide people in the right direction, ConsumerTrack is excited to announce the launch of GOFinancialAdvice.com. This new ConsumerTrack website will help match consumers with industry-leading financial experts, based on their individual goals and needs. With many of ConsumerTrack’s top financial banks and brands on board, GOFinancialAdvice will offer an impressive roster to inform each individual’s unique situation with the best financial guidance.

How It Works

  • After completing a
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DUBLIN–(BUSINESS WIRE)–Oct 9, 2020–

The “MVNO Business Plan with Financial Modeling Spreadsheet 2020” report has been added to ResearchAndMarkets.com’s offering.

This is a full business plan based on the launch of an illustrative Mobile Virtual Network Operator (MVNO) known as Contendus

The plan covers all aspects of the company launch plan including market assessment, funding requirements, financial analysis, market segmentation, and product differentiation. Also included is a go-to-market plan, distribution and replenishment plans, comparison of MVNO’s and more. The major benefit of this report is to assist in the development of an MVNO launch and to help validate existing plans.

MVNO Business Plan Financial Modeling Spreadsheet

This detailed, working Excel spreadsheet provides pro-forma information for a five-year projection based on assumptions for Contendus. The spreadsheet provides both data points for analysis as well as a format for modeling your own parameters for a financial assessment of your MVNO Business plan.

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Sarinya Pinngam/Dreamstime

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The sale of Allworth Financial is heating up with a winning bidder expected soon, according to four banking and private-equity executives.

The auction has narrowed to three private equity firms; final bids were due last week, Oct. 6, two of the sources said.

Raymond James

(ticker: RJF) and

Moelis

(MC) are advising on the process, people said.

Allworth, which is owned by Parthenon Capital, is expected to sell for roughly $750 million to $800 million, one of the people said.

Allworth is an RIA aggregator that buys up smaller wealth managers. The Sacramento firm scooped up Capstone Capital in May, Houston Asset Management in April and, in October, it bought Retirement Advisors of America. Allworth, in May, had roughly $8 billion of assets under management, according to a statement.

Parthenon invested in Allworth in 2017 when the firm was known as Hanson McClain Advisors. Parthenon, of

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Indian entrepreneur BR Shetty has filed a complaint with central investigative agencies in India seeking a probe into two former top executives of his companies and two Indian banks related to a multi-billion dollar financial scandal engulfing his group.

Several companies linked to Shetty, including top United Arab Emirates hospital operator NMC Health PLC and payments firm Finablr PLC, have come under severe financial strain this year after short-seller Muddy Waters questioned NMC’s financials.

At issue, Muddy Waters said, were questions about NMC’s asset purchase prices and capital expenditures, which it said were both inflated.

NMC and Finablr subsequently announced far higher debts than they had previously reported.

Shetty’s 55-page complaint, a copy of which was seen by Reuters, accuses the former chief executives of NMC and Finablr, along with their associates and bankers, of inflating the companies’ balance sheets, arranging “illegal” credit facilities and misappropriating funds since 2012.

It

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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

BOCA RATON, Fla., Oct. 12, 2020 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will report its third quarter 2020 financial results after the market closes on Wednesday, November 4, 2020. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, and Christopher Towers, Chief Accounting Officer, the following day, Thursday, November 5, 2020 at 8:30 am ET. The live conference call can be accessed by dialing (877) 303-6993 or (760) 666-3611.

A live webcast of the call and the corresponding presentation will be available in the ‘Events & Presentations’ section of the Investor Relations portion of Newtek’s website at http://investor.newtekbusinessservices.com/events-and-presentations. A replay of the webcast with the corresponding presentation

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Press release content from Marketers MEDIA. The AP news staff was not involved in its creation.

Retirement income planning firm Abich Financial Services launched its updated range of services for clients in Fairfax County, Virginia. The firm can help clients meet their retirement income needs, desires and expenses.

Abich Financial Services announced the launch of an updated range of retirement income planning solutions for clients in Fairfax County, Virginia. The firm specializes in life insurance and retirement income planning for individuals and business owners.

More information can be found at https://abichfinancial.com/services

The newly launched retirement income planning solutions at Abich Financial Services aim to help clients maintain their lifestyle choices and priorities throughout retirement.

When it is time to retire, all people want to make sure they have enough money to enjoy a comfortable and pleasant lifestyle. To ensure that one has a successful retirement journey,

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As a candidate in 2016, Donald Trump, suggesting his opponent was a dirty, transactional pol, offered himself as a man free of the entanglements of supposed Washington swamp creatures, an independent businessman who was free to do what was right for America.

He has delivered a presidency with more corrupt ties than any in memory, corrupting the honest workings of the federal government. It’s our 78th reason he must be denied a second term.

Begin with the fact that, despite 19 promises to divest himself from the private-sector enterprise he owns — a business with countless ambitions and obligations, here and overseas — Trump has failed to do so. His sons Don Jr. and Eric, ostensibly running the family business, pledged to separate stay away from government affairs. They didn’t. Meanwhile, White House staffer daughter and son-in-law, Ivanka and Jared Kushner, maintain their holdings.

For Trump himself, this isn’t just

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Ripple Executive Chairman Chris Larsen

Chris Larsen, Ripple co-founder and chairman of the payments technology company’s board of directors, said China’s “itching” to be the one that designs the next financial system and that the U.S. is “woefully behind.”

  • Speaking at the LA Blockchain Summit last week, Larsen said the U.S. needs to face up to that it’s in a tech cold war with China with the fate of control of the world’s financial system at stake. Right now, China’s winning, he said.
  • “China is just itching to be the one that designs this next system,” Larsen said. “They’ve committed $1.4 trillion to a variety of technologies and blockchain is right at the top of their list.” 
  • It’s not just that China’s pumping money into technology, the regulatory environment in the U.S. is actively discouraging financial innovation, he said.
  • “I just have to say it, in the U.S., all things blockchain, digital currency, they start
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