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Finance

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Reflections on the Inflation Reduction Act of 2022

1 min read

The FINANCIAL — Over the weekend of the 6th through 7th of August 2022, US senators voted through the night to pass key measures tackling climate change, tax and healthcare.…

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Global events threaten financial market stability

1 min read

The FINANCIAL — Globally-significant events have driven recent financial market volatility and contributed to the emergence of a risk-off environment, according to leading London Business School economists.…

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President Joe Biden may lift some tariffs on Chinese goods

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Commodity and risk currencies rallied overnight on reports the US may soon rollback tariffs on Chinese consumer goods. Asian stock futures pointed to modest gains Tuesday. The Australian dollar gained as much as 1.1% while South Africa’s rand rose almost 1%. The offshore yuan advanced 0.1%. President Joe Biden may announce as soon as this…

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More than a third of traditional hedge funds now invest in digital assets, nearly double a year ago: PwC Global Crypto Hedge Fund Report 2022

3 mins read

The FINANCIAL — Even with the tremendous volatility in the sector, there are many more traditional hedge funds investing in crypto and more specialist crypto funds being created as the digital asset class gains acceptance. Of traditional hedge funds surveyed, 38% are currently investing in digital assets, compared to 21% a year ago. Meanwhile, the…

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Inflation and the purchasing power of the dollar

3 mins read

Global issues and COVID-19 have driven up costs for food and other goods. A dollar spent at the supermarket pays for more than what you see in your cart. And what you can get with that dollar has changed a lot since this time last year due to inflation.…

What is the secret to happiness?

2 mins read

A sense of community and low levels of pollution are strong predictors of well-being. A mixture of individual factors (such as income and employment status or religiosity) and country-level factors (from level of corruption to pollution) affect how satisfied people are with their lives, but some big contributors to happiness are harder to quantify and compare,…

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Russia’s VC funding landscape suffers as capital infusion drops by 80% in February 2022, finds GlobalData

1 min read

The sanctions placed on Russia due to its invasion of Ukraine are impacting the country’s venture capital (VC) funding landscape as investors are remaining cautious, says GlobalData. The leading data and analytics company found that Russia witnessed a decline of almost 80% in VC funding value in February 2022 compared to the previous month. An…

ISSB aims to shift market prices with disclosure standards

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The FINANCIAL — Companies will need to account for greenhouse gas emissions produced by their entire resource ecosystem under new climate reporting metrics and targets proposed by the International Sustainability Standards Board (ISSB), its Chair, Emmanuel Faber, said.Announced at COP26, the ISSB is tasked with developing the International Financial Reporting Standards’ Sustainability Disclosure Standards, according…

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How you think about money affects what you do with it

2 mins read

Study suggests changing how you think about spending, saving can change financial behavior. You know you should set aside savings with every paycheck, live within your means and invest your money wisely. But do you do it? New research from the University of Georgia suggests that answering three questions could give people insight into their spending and…

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Celent Names Bank of America a Leader in Wealth Management Innovation

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The FINANCIAL — Bank of America announced that it has been recognized by Celent, a global research and advisory firm for the financial services industry, with the 2022 Model Wealth Manager award for Client Experience.…

Islamic Finance

Pandemic has strengthened the sustainability and ESG focus in Islamic Finance, research shows

1 min read

The FINANCIAL — Islamic Finance is set to drive a growing focus on ESG and sustainability in the wider Halal economy, new research* with leading Islamic Finance professionals working across a wide range of sectors shows. Up to 88% of Islamic Finance professionals believe the growing focus on ESG and sustainability in their industry will…

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Bank of America Consumer Clients Make $294 Billion in Payments in February, up 16% Year-Over-Year

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The FINANCIAL — Bank of America announced their approximately 67 million clients made $294 billion in total payments during February, a 16% increase over February 2021. This follows a 5% increase in total payments in February 2021 when compared to pre-pandemic levels in February 2020. This marks a continuation of the strong consumer payments and…

New report highlights risks of unhealthy corporate cultures

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The FINANCIAL — With the risks arising from an unhealthy corporate culture once again in the spotlight, new research has revealed that boards are not taking culture seriously. This is despite the visible impact a culture crisis can have on reputation, public trust and damage to long-term sustainability, according to London Business School.…

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Record 81% of Bank of America Mortgage Applications Initiated Through Digital Mortgage Experience

2 mins read

The FINANCIAL — Company Recognized in 2022 for Best Overall Mortgage Experience and as the Best Mortgage Lender for First-time Homebuyers. Rapid growth in consumer digital engagement contributed to substantial momentum in Bank of America’s home lending business over the last year. Home loan applications initiated through Bank of America’s Digital Mortgage Experience accounted for 81%…

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