News 

Your Money Adviser: Most States Don’t Require Specific Financial Literacy Classes

“Interest in financial literacy has risen since the 2008 financial crisis, but there is some disagreement on how best to teach it” writes Ann Carrns for nytimes.com. Pelletier said there were other options for schools that wanted free or low-cost financial literacy classes that weren’t sponsored by banks.What should a high school financial literacy class cover?. Also, the Consumer Financial Protection Bureau recently developed a guide for advancing financial education.Here are some questions and answers about financial literacy education: What if my child’s school doesn’t offer personal finance instruction?.  Source:…

Read More
GBP News 

British Land rehires former exec for finance director role

“British Land has reappointed its former head of strategy, Simon Carter, as its new finance director” writes Kallum Pickering for telegraph.co.uk. He had previously worked for British Land for just over a decade, in roles including head of strategy and head of treasury and capital markets.Mr Carter rejoins the company, the UK’s second largest property firm, less than three years after he left to become finance director of Quintain, a development company. Source: telegraph.co.uk Share This:

Read More
News 

India’s Baroda Turns To FinTech For Supply Chain Finance

“In addition to supply chain finance, the platform provides payable and supplier finance” reports pymnts.com. Indian Bank of Baroda is working with a FinTech player to enhance its supply chain finance offerings.In 2014, Tokyo’s Mizuho Financial Group announced a deal with PrimeRevenue to similarly provide supply chain finance capabilities to the bank’s corporate clients.Baroda’s iGTB partnership means the bank is joining a growing list of traditional players collaborating with FinTechs to enhance supply chain finance and other corporate financial service offerings.Reports in Business Standard on Wednesday (Jan. 17) said iGTB…

Read More
News 

Senate Finance Committee advances Alex Azar’s nomination to head HHS

“Senate Finance Committee evaluates AlexAzar to be the next HHS secretary Pharm, under attack for drug prices, started an industry war” reports washingtonpost.com. The Senate Finance Committee approved Alex Azar as the next health and human services secretary on Wednesday, voting 15-12 to send his nomination to the Senate floor.He told a different Senate committee in late November that he no longer owned Lilly stock.If approved by the full Senate, Azar, a former executive for the Eli Lilly pharmaceutical company, would succeed President Trump’s first HHS secretary, Tom Price.His other…

Read More
News 

The Finance 202: Big banks debate what to do with tax windfall

“Among the big banks themselves, the fate of their surprisingly large tax breaks remains an open question” writes Covering Financial Services for washingtonpost.com. Citigroup, in announcing its fourth-quarter earnings on Tuesday, reported taking a one-time, $22 billion hit from the reconfigured tax code.For one, BlackRock is still working through what to do with its own tax windfall.Bloomberg News’s Hugh Son and Laura J. Keller summarize the competing demands on that haul: “Borrowers including small businesses and big corporations will want better pricing. Source: washingtonpost.com Share This:

Read More
News 

The Finance 202: Businesses fret over lack of deal on ‘dreamers’

“Perhaps Wal-Mart did raise its hourly wage due to the tax law, as it claimed” writes Covering Financial Services for washingtonpost.com. For the first time in their lives, millions of middle-class donors will be effectively shut out from claiming any charitable deduction under the GOP’s new tax law.Using an arcane law, the plan would describe the global glut of both metals as a national security threat to the United States. Source: washingtonpost.com Share This:

Read More
News Platforms 

Sorodo Expands Platform Beyond Merchant Cash Advances

“In its announcement, Sorodo said it will be expanding its small business lending platform that first launched in 2014 to address the gap in small business funding left in the wake of the global financial crisis” reports pymnts.com. The platform includes local and regional funders, the company noted.This will determine which lender offers a suitable funding product based on the information provided by the business owner.The results are presented directly to the applicant.” He added that Sorodo will link SMBs to financing in several forms, including “asset-based lending, invoice finance,…

Read More
Crypto News 

To Disrupt Global Trade, Blockchain Must Play Nice With Existing Tools

“XinFin aims to use blockchain to achieve the data security required for efficient dealings” reports pymnts.com. According to Karan Bharadwaj, chief technology officer at Singapore’s XinFin, the potential for blockchain to improve trade and finance across borders is too great to ignore.It’s a crowded process ripe for innovation, so it’s no wonder cross-border trade, B2B payments and supply chain management have emerged as top targets for blockchain disruption.But this isn’t an industry easy to shift, and blockchain isn’t a technology easy to implement (yet).Securing trade and finance data across the…

Read More
News 

British banks have almost recovered from the crisis — and it could end the UK’s lost decade of productivity growth

“Relative to the past few years, that would amount to a helpful boost to productivity growth.”” writes Will Martin for businessinsider.com. “The post-crisis productivity drag from finance should disappear as deleveraging runs its course,” Tenreyro said.Credit and deposit growth have been weak as banks and households have sought to deleverage,” she continued.Prior to the crisis, the UK’s banks were one of the main drivers of growing productivity, but once it hit and losses started to mount, banks were forced to enter survival mode, helping drag on the UK’s overall productivity.The…

Read More