Thu.May 09, 2024

article thumbnail

Six of the largest US banks take part in a Federal Reserve exercise

Due

The Federal Reserve has released a statement detailing that some of the largest American banks participated in a new exercise. The Climate Scenario Analysis Exercise (CSA) involved some of the biggest names in banking and sought to asses their climate risk-management practices. Banks take part in climate exercise Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo participated.

145
145
article thumbnail

Is it Possible to Cancel Student Loans?

Credit Absolute

The weight of student loan debt in the United States has reached a staggering $1.7 trillion, impacting millions of borrowers. This financial burden can hinder homeownership, career choices, and economic security. The question of canceling student loans entirely has become a central debate in American politics and personal finance. While complete cancellation isn’t currently possible […] The post Is it Possible to Cancel Student Loans?

98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Transforming GovCon Accounting with Technology

Accounting Department

The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors. However, technology has revolutionized business processes by simplifying accounting and ensuring DCAA compliance.

article thumbnail

How to Buy a Franchise: Your Complete Guide to Franchise Ownership

biz2credit

Buying a franchise can jumpstart your journey to business ownership, bypassing challenging tasks like brand building, earning customer loyalty, and even defining your products and services. Franchises also offer unique funding opportunities, like franchise loans and franchisor financing. But that doesn’t mean that buying a franchise is without its challenges.

59
article thumbnail

Getting a Business Loan After Bankruptcy

Lendio

Whether you’ve gone through a personal or business bankruptcy, lenders will consider past bankruptcies when making a loan decision. This post will cover common questions about bankruptcy and how it impacts your loan application. Can you get a business loan after bankruptcy? Yes, you can qualify for a business loan if you’ve had a bankruptcy. However, lenders will want to see that you’ve rebuilt your credit and will have varying waiting periods before you are eligible.

article thumbnail

LSQ Creates EXIM-backed SCF Program for Specialty Energy Firm

lsq

ORLANDO, Fla. (May 9, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently announced the creation of a $25 million supply chain finance (SCF) program with a large Kentucky-based specialty energy company serving the metals manufacturing industry globally. The new SCF program allows the company to provide third-party-funded early-payment opportunities to their suppliers while standardizing payment terms to create working capital for the entire supply chain

More Trending

article thumbnail

LSQ Creates EXIM-backed SCF Program for Specialty Energy Firm

lsq

ORLANDO, Fla. (May 9, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently announced the creation of a $25 million supply chain finance (SCF) program with a large Kentucky-based specialty energy company serving the metals manufacturing industry globally. The new SCF program allows the company to provide third-party-funded early-payment opportunities to their suppliers while standardizing payment terms to create working capital for the entire supply chain

article thumbnail

Balancing Retirement Planning and the Cost of Education

Due

Saving for retirement and funding your children’s education can be a real challenge for many families. On one hand, you want to ensure you have enough money for a comfortable retirement. On the other hand, the rising costs of college tuition , room and board, and other educational expenses can put a big strain on your finances. Striking the right balance between these two crucial goals is no easy task.

52
article thumbnail

Alternative Financing – Why it’s a good option for small business.

Eagle Business Credit

Running a small business is a challenging endeavor, often fraught with hurdles that test the resilience and adaptability of an entrepreneur. Unlike large corporations, small businesses typically operate with limited resources; financial constraints and a smaller workforce mean that owners often wear multiple hats, from handling customer service to managing finances so being able to secure adequate funding to sustain and grow their operations is vital.

article thumbnail

Dominance of the ‘Magnificent Seven’ Stocks

Due

Seven stocks have emerged as the dominant forces in finance and investment, earning the moniker “The Magnificent Seven.” These stocks belong to Apple, Meta (formerly Facebook), Google, Tesla, Microsoft, Amazon, and NVIDIA. Their combined market capitalization is so vast that it surpasses the total market capitalization of every company in China, France, Canada, the UK, and Japan combined.

52
article thumbnail

Trump Media Insider Trading Case Sees Investor Convicted

Due

A federal jury in Manhattan has found the investor involved in the recent, highly significant Trump Media merger guilty. Bruce Garelick was convicted of five counts of securities fraud and conspiracy for his part in insider trading relating to a significant financial merger. Insider trading case sees Garelick convicted Garelick was at the helm of a shell company that merged with former President Donald Trump’s Trump Media.

52