Impac hires loanDepot's former chief administrative officer to lead CashCall Mortgage

Impac hires loanDepot's former chief administrative officer to lead CashCall Mortgage

Impac Mortgage, the parent company of CashCall, announced Thursday that it hired Rian Furey to serve as the company's president of direct lending, which is conducted via CashCall. As president of direct lending, Furey will oversee CashCall's operations. Furey comes in Impac from loanDepot, where
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IBM Taps Samsung, JPMorgan, Daimler in Quantum Computing Push

IBM Q computation center at the Thomas J Watson Research Center in Yorktown Heights, New York. Photographer: Connie Zhou/IBM. International Business Machines Corp. has signed up several prominent banks as well as industrial and technology companies to start experimenting with its quantum
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Tencent Music Drowns Out Spotify and Apple in China

One of China's most-anticipated initial public offerings next year may be music to the ears of Tencent Holdings Ltd. investors because of its potential to drown out any noise Spotify and Apple Music want to make in the biggest market. Tencent Music, a streaming and downloading service, is expected to
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Subsidy-Free Wind Power Possible in $2.7 Billion Dutch Auction

“The only two players out there to win zero-subsidy bids are utilities Orsted and EnBW and they are yet to make a financial decision on the projects,” said Keegan Kruger, wind analyst at Bloomberg New Energy Finance. The research group is projecting that the wind farm will cost $2.7 billion to install.
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2017 Was Bad for Facebook. 2018 Will Be Worse.

Facebook is projected to boost sales by 46 percent and double net income, but make no mistake: It had a terrible year. Despite its financial performance, the social media giant is facing a reckoning in 2018 as regulators close in on several fronts. The main issue cuts to the core of the company itself:
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Washington Is Trying to Regulate Bitcoin. These People Are Trying to Stop It

Bitcoin enthusiasts struck it rich this year as the cryptocurrency surged. Now they're preparing for battle in Washington to protect their industry's ascent. Advocacy groups are gearing up in Washington for a lobbying push in 2018, looking to limit legislation that would subject cryptocurrencies to more
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Police called to bank branches to save customers from online fraudsters

New figures show that £9m of fraud was stopped in the first year of the scheme, which involves bank staff calling in police when they suspect that someone is being duped or pressured into withdrawing large sums. In one case, a Barclays customer who was attempting to withdraw £10,000 to buy a Rolls
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China's ICBC gets Swiss banking licence

ZURICH, Dec 13 (Reuters) – Industrial and Commercial Bank of China (ICBC),, the world's biggest lender, has obtained a Swiss banking licence from watchdog FINMA, the Handelszeitung newspaper reported on Wednesday. A FINMA spokesman confirmed the report. It is the second Chinese bank to
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2018 restaurant trend predictions from 10 fast casual CEOs

2018 restaurant trend predictions from 10 fast casual CEOs … year is to get ahead of the coming trends, which is why FastCasual interviewed about 20 leaders of the industry's most successful brands about their industry predictions. … Significant impact on real estate site selection and size of restaurants.
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Warba Bank launches 'Bank Express' banking system

KUWAIT: Warba Bank launched a new banking system 'Bank Express' yesterday at Sanabel complex in Kuwait City. Based on its five-year strategy to be recognized as a leader in the digital banking industry, the Bank released the “Bank Express” which is an interactive electronic branch to help the
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Columbus Bank and Trust name about to enter the history books

The transition, which began a couple of weeks ago at Synovus Financial Corporation's two Cohutta Banking Company branches in Chattanooga, Tenn., will come to the Columbus market starting Jan. 3, with signs being replaced at the 16 local branches by Jan. 19, along with other smaller changes, said
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Citi picks new heads of financial institutions banking

Citigroup has handed a handful of senior bankers new leadership roles in a regional reshuffle of its European financial institutions group. Manolo Falco, Citi's head of corporate and investment banking for Europe, the Middle East and Africa, and Peter Babej, who runs the financial institutions group
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Regions Bank names John M. Turner Jr. new president

Turner is a senior executive vice president, a member of the bank's executive council and head of Regions' Corporate Banking Group, which serves small businesses as well as middle market and corporate firms and provides capital markets services and real estate banking. He also leads corporate
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Wildfires Threaten SoCal Housing Markets Already Struggling with Unaffordability and Low Inventory

Nationally, home prices rose 7.8 percent in November as inventory declined 12.8 percent.
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Specialty Lending

Our specialty lending professionals offer customized credit solutions for venture capital and private equity firms, nonprofit organizations and professional service firms.
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Govt probes foreign links in crackdown on banking fraud

Govt probes foreign links in crackdown on banking fraud … are investigating how identity thieves collaborated with hackers in Europe and South East Asia to steal millions of rupees from thousands of bank … We are worried that the security has been breached and have advised banks to take counter-
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Battle for banking union hangs over the eurozone

After surging back to economic life this year, the eurozone's grandiose ambitions now include having its own budget and finance minister. But the plans are unlikely to go anywhere unless the bloc's leaders can agree on a more prosaic issue: banking union. The five-year-old project, designed to make
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Commonwealth Bank admits failures in money laundering case

Australia's biggest bank has admitted it was late to disclose more than 53,000 transactions that allegedly breached anti-money laundering laws. In August, the nation's financial intelligence agency launched court action against the Commonwealth Bank over claims it had failed to refer the transactions,
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Australian Central Bank Discusses Digitization of AUD

On December 13, 2017, the governor of the Reserve Bank of Australia, Philip Lowe, delivered a speech entitled “An eAUD?” before the Australian Payment Summit. In his remarks, the governor noted the possibility of a currency based on distributed ledger technology . “Today I want to share with you
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Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by TD Asset …

The institutional investor owned 557,625 shares of the transportation company's stock after buying an additional 101,005 shares during the quarter. TD Asset Management Inc. owned about 0.31% of Expeditors International of Washington worth $33,379,000 at the end of the most recent reporting period.
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