Hela February 17, 2019

A Karnataka-based businessman has been jailed for six months for allegedly not filing his income tax arrears and interest of around Rs 7.35 crore despite reminders, an official said on Saturday. “The defaulter was arrested on Friday for failing to pay his tax arrears and produced before the Tax Recovery Officer (TRO) from where he […]

Hela February 16, 2019

In the past three years, the amount of personal loan debt Americans are carrying has almost doubled. The total owed on personal loans grew from $76 billion in 2015 to $125.4 billion in mid-2018, according to statistics published by credit bureau TransUnion. The number of personal loans hit 20 million in the second quarter of 2018, compared […]

Hela February 15, 2019

Unemployment is near record lows. Salaries appear to be growing. Consumer confidence is as high as it’s been in years. But at the same time, recent stock market turmoil has scared the crap out of many people. With Trump seemingly trying single handedly to ignite a trade war, many investors are beginning to realize that […]

Hela February 15, 2019

New York Times bestselling author Gaby Dunn talks personal finance, why the millennial label is fake, 401 (k) and student loans in her latest book, “Bad with Money.” Photo credit: Laura Massa/Michael Priest Photography.LAURA MASSA/MICHAEL PRIEST PHOTOGRAPHY. From bat mitzvahs to 401 (k)s, the book chronologically follows Dunn’s life, alternating between offering life lessons and explaining complex financial […]

Hela February 15, 2019

Companies are deploying advanced technologies, like the cloud and artificial intelligence (AI), in a variety of ways. With AI, for example, organizations are finding ways to be more productive, increase speed to market and better engage with customers. These technologies are also increasingly being deployed in the finance function, a trend that is ultimately transforming […]

Hela February 15, 2019

Retirement can be defined as achieving financial independence in the third stage of life – typically after age 62 when you can claim Social Security. There’s also a rapidly growing movement around FIRE (Financial Independence Retirement Early) where people aim to achieve financial independence and gain complete control over their scarcest resource, their time, at […]

Hela February 15, 2019

Finance is hardly known for its youthfulness, yet this year’s Finance 30 Under 30s are proving that an old industry can learn new tricks. These young venture capitalists, fintech entrepreneurs, crypto enthusiasts and Millennial bankers, with an average age of just 27, are reshaping the sector and transforming our relationship with money. The members of […]

Hela February 15, 2019

Competition from large, established technology companies (BigTech) and financial technology (FinTech) could put pressure on the profitability of financial institutions and lead them to take on more risks to protect their margins.  As part of its ongoing monitoring of BigTech and FinTech influence on financial institutions, the Financial Stability Board (FSB),  today published “FinTech and market structure […]

Hela February 15, 2019

The 10th Microfinance Conference of the University of Cape Coast (UCC) opened yesterday with a call on financial and educational institutions to educate the public on financial literacy to prevent them from falling prey to Ponzi schemes and making huge financial losses. The Central Regional Minister, Mr Kwamena Duncan, who made the call, stressed the […]