Global shadow banking sector surges to $45-trillion

Global shadow banking sector surges to $45-trillion

In a report, the Financial Stability Board (FSB) said shadow banking activities across 29 jurisdictions, which together represent more than 80% of global GDP, grew 7.6% in 2016. The sector includes hedge funds and finance companies or securities entities that provide credit or credit guarantees without
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Royce & Associates LP Purchases 320989 Shares of Kimball International Inc (NASDAQ:KBAL)

Royce & Associates LP lifted its stake in Kimball International Inc (NASDAQ:KBAL) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,780,069 shares of the company's stock after buying an additional 320,989
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Mason City nonprofit to 'burn' mortgage for Historic Park Inn (with photos)

Mason City nonprofit to 'burn' mortgage for Historic Park Inn (with photos) … on the Park's board of directors, this was an important development — it indicates the nonprofit had properly used most, if not all, of just over $11 million in tax credits, essentially allowing the group to “burn” the hotel's mortgage.
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Here's Why Silicon Valley's Housing Market Is Driving Away Prime-Age Workers

Garry Tan, a famed venture capitalist in Silicon Valley, noticed a disheartening pattern in his community lately: people in their mid-30s with children, both working in tech and non-tech industries, are leaving the San Francisco Bay Area due to the area's uncontrollable housing frenzy. On real estate listing
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PRMI Welcomes Mortgage Industry Veteran Mary Beth Henderson

Mary Beth Henderson recently joined Primary Residential Mortgage Inc. (PRMI) as a senior loan officer in the company's Severna Park, Md., office. “We are thrilled to have Mary Beth join our team,” says Kyndle Quinones, branch manager, in a release. “With her knowledge and experience, she will help
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Carlyle Co-Founder Says Guns Are Off-Limits for His $195 Billion Fund

Rubenstein is the host of the Bloomberg TV and digital series, The David Rubenstein Show: Peer-to-Peer Conversations. A representative for Carlyle Group declined to comment further on the firm's investments. Companies and financiers are under growing pressure to divest from the firearms industry
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Shkreli Ordered by US Judge to Forfeit Almost $7.4 Million

Martin Shkreli must turn over almost $7.4 million to the U.S., a judge ruled in a win for prosecutors who say the hedge-fund manager turned pharmaceutical executive cheated his investors. Martin Shkreli. Photographer: Victor J. Blue/Bloomberg. The jailed convict is scheduled to be sentenced March 9
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Ensure delivery of religious accommodations

The jilted applicant filed a complaint with the EEOC alleging the company violated Title VII of the Civil Rights Act when it refused to grant him a religious accommodation. He alleged the company did not demonstrate that granting the accommodation would cause undue hardship on business operations.
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Real Property, Financial Services, & Title Insurance Update: Week Ending March 2, 2018

Foreclosure/Standing: borrower's standing arguments failed because they were based on notion that note changed hands after it was delivered to World Savings Bank in 2007, when in fact the note continued to be held by original lender – Heyward v. Wells Fargo Bank, N.A., No. 2D16-339 (Fla. 2d DCA
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RM Secured Direct Lending To Hold Meeting For…

LONDON (Alliance News) – RM Secured Direct Lending PLC said on Monday it will hold a general …
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State of Alaska Department of Revenue Grows Position in Honeywell International Inc. (HON)

The fund owned 76,084 shares of the conglomerate's stock after purchasing an additional 68,663 shares during the period. State of Alaska Department of Revenue's holdings in Honeywell International were worth $11,666,000 as of its most recent filing with the Securities & Exchange Commission.
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Arizona State Retirement System Acquires 28789 Shares of Service Co. International (SCI)

International in the 4th quarter worth $1,877,000. The Manufacturers Life Insurance Company boosted its holdings in Service Co. International by 147.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 678,201 shares of the company's stock worth $25,310,000 after buying an
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Global Shadow Banking Monitoring Report 2017

The Global Shadow Banking Monitoring Report 2017 presents the results of the FSB's annual monitoring exercise to assess global trends and risks from the shadow banking system. The 2017 monitoring exercise covers data up to end-2016 from 29 jurisdictions, including Luxembourg for the first time,
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Financial Planning for Business Owners

Learn why clients with investable assets of $1.5 million or more require the highly personal services of Citizens Private Bank.
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Free 1031 Exchange Seminar In Honolulu Scheduled For March 8th

It will also look at current real estate market trends, while at the same time showing people how they can maximize their assets' value before selling. The main goal is to help people create a financial family legacy using their investment properties. This is all part of The Complete Solution (TM), as shown
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Patton Albertson Miller Group LLC Trims Position in Philip Morris International Inc. (PM)

Hudock Capital Group LLC increased its holdings in shares of Philip Morris International by 0.3% during the second quarter. Hudock Capital Group LLC now owns 3,144 shares of the company's stock worth $369,000 after buying an additional 8 shares in the last quarter. Jackson Grant Investment
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Amazon in talks to offer bank accounts with JPMorgan Chase

Amazon is discussing a potential partnership to offer its customers bank accounts via JPMorgan Chase, in a deal that could unite America's biggest bank with its biggest ecommerce platform. The Seattle-based company is talking to JPMorgan to develop a checking account-like product, according to
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Cold Weather's Next Victim Could Be Small UK Energy Suppliers

Concerns about a supplier failing shouldn't deter people from using smaller companies, according to Stephen Murray, an energy expert at price comparison platform MoneySuperMarket.com Ltd. “When the sector comes under pressure as a result of a spike in wholesale prices, a lot of attention is
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It's Much Ado About Nothing as Tanzania Frets Over Credit Rating

Tanzania may be less than enamored with its first credit rating, but there's little to suggest the gas-rich East African nation would be blocked from the Eurobond market that it's long been tempted to tap. After discussing plans to get a rating for at least a decade, Tanzania obtained one of B1, four steps into
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Crypto Exchanges Are Raking in Billions of Dollars

The top 10 are generating at least $40 million daily in fees and as much as $350 million, according to estimates compiled by Bloomberg using trading volume reported on data tracker CoinMarketCap.com and fee information on the exchanges' websites. Fees in the lowest range of the exchanges' scale
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