Gupta Empire Crumbles as Zuma Exits South African Presidency

For years, brothers Ajay, Atul and Rajesh Gupta were ranked among South Africa's most prominent businessmen and socialized with the ruling elite, including their friend, then-President Jacob Zuma. They weathered accusations that they'd exploited their political connections to land an aircraft at a
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Todd Asset Management LLC boosted its stake in American International Group by 0.4% during the third quarter. Todd Asset Management LLC now owns 234,313 shares of the insurance provider's stock valued at $14,384,000 after buying an additional 821 shares during the last quarter. Markston
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Anderson Falls marks Title Media's third time partnering with Lone Suspect, with the two companies having previously teamed on the Abigail Breslin horror-comedy Fear, Inc and the dramatic thriller Painkillers starring Madeline Zima and Mischa Barton, which Kew Media introduced to buyers at EFM.
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First, the basic line of defence against fraud is the internal controls in a bank. Most banking regulation across the world works on this principle. India is no exception. Technology should be seen as a game changer. It can reduce the chances of human connivance, and can be used to detect outlier lending
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Find out more about SelectLeaders job postings by viewing the online job postings in more detail. Real Estate Acquisition & Asset Management and Gopher Asset Management.
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A new speculation tax is also being introduced in the fall that will target property buyers who don't pay income tax in British Columbia. The tax would be 0.5 per cent of the assessed value in 2018, and two per cent in the following years. Developers and real estate experts in the Okanagan worry this
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“In addition, a large share of permits in these markets are multifamily permits, which primarily lead to new rental housing stock, and as such, are likely to put downward pressure on rents, rather than home prices. On the flip side, markets that are building a large sum of homes, such as Dallas, Houston
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Flagstar Bancorp has announced that its subsidiary Flagstar Bank has entered an agreement to acquire a mortgage warehouse loan portfolio from Santander Bank. Under the transaction, Flagstar will add the portfolio's existing relationship managers to its warehouse business. The company expects to
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According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage moved higher for the fourth straight month to 4.03% in January from 3.95% in December. The average commitment rate for all of 2017 was 3.99%. “The gradual uptick in wages over the last few
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The question, in a gold and serif font, was asked in a full-page advertisement on the front pages of top newspapers in India on Feb. 18, two days before Donald John Trump Jr. arrived in New Delhi. The US president's son is in India on a week-long visit to expand the Trump Organization's real estate
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Tremors of last week's Rs 11,400 crore scam at Punjab National Bank seem to have trickled down to other banks as well. Top management of several public sector banks have begun conducting reviews, and taking steps to centralise all processes linking them to core banking solutions (CBS). This will
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Kelcy Warren's pipeline business had a massive profit last year, thanks largely to President Donald Trump. Approval of the controversial Dakota Access pipeline and gains from the U.S. tax overhaul helped the billionaire's Energy Transfer Partners LP more than quadruple net income to $2.5 billion last
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Fannie Mae and Freddie Mac have separately announced sales of non-performing loans. Both sales target participation by smaller investors, including nonprofits and minority- or women-owned businesses. Fannie Mae's sale includes its eleventh and twelfth Community Impact Pools, which are typically
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Mortgage applications decreased 6.6 percent from a week earlier as rising interest rates made the prospect of buying a home more costly for potential homebuyers. According to data from the weekly mortgage applications survey released by the MBA on Wednesday, the Market Composite Index,
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Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco Ltd.,
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… Company's programs continues to trend in line with recent experiences, (ii) initiatives and investments in student-serving processes and operations continue to positively impact enrollment trends within the University Group, (iii) achievement of anticipated recovery rates for the Company's real estate
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New state rules are designed to end New York title insurance companies' long-standing practice of entertaining prospective clients – at fine restaurants, sporting events, even strip clubs – and then passing those costs on to homebuyers st closings in the form of “marketing fees.” Now comes the pushback
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Hot housing markets – and how to cool them – are challenging many governments. Australia, New Zealand and Hong Kong generally face the same issues as some Canadian cities: a strong economy, low interest rates, immigration, tight supply and at least some impact from the flows of global capital.
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