Swiss franc surges to a record high against euro

first_imgWednesday 25 August 2010 8:40 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo Swiss franc surges to a record high against euro THE Swiss franc surged to an all-time high against the euro yesterday as fears over the potential for a double-dip recession continued to drive investors into perceived safe-haven assets. The franc traded at €1.300 yesterday, within sight of the record level of €1.2968 hit earlier in the session. And yields on 10-year Swiss bonds fell to 1.02 per cent as weaker-than-expected US new-home sales and durable goods orders intensified the flight out of equity markets.The franc’s rise accelerated after the Swiss National Bank dropped its pledge to intervene in the currency markets at its June meeting, saying that deflation risks had largely disappeared and the economy was on track for a healthy recovery.The Dow Jones was off as much as 103 points at one stage, before rallying to close up 19.6 points – or 0.2 per cent – at 10,060, while the broader S&P 500 index gained 0.3 per cent, ending four straight days of losses. The FTSE 100 index closed 0.9 per cent down at 5,109.40, Germany’s DAX fell 0.6 per cent and Tokyo’ Nikkei dropped 1.7 per cent to hit a 16-month low of 8845.39. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Sharecenter_img KCS-content whatsapp Show Comments ▼ whatsapp Tags: NULLlast_img read more

LinkedIn files for $175m IPO

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory LinkedIn files for $175m IPO whatsapp Social networking website LinkedIn has filed with US regulators for an initial public offering of Class A shares of up to $175m (£110m). The company, whose website caters for professionals and has 90 million users, announced its intention to go public yesterday, but did not reveal the number of shares to be offered or their price range.LinkedIn’s investors include Greylock Partners, Bessemer Venture Partners, Goldman Sachs and Sequoia Capital, a venture capital firm that has backed Yahoo, Google, Apple, Cisco Systems and Oracle.LinkedIn’s IPO could be a test of investor appetite for social networking websites ahead of a highly anticipated offering from Facebook, the social networking site that has more than 500 million users and has been valued at $50bn.LinkedIn was co-founded in 2002 by Reid Hoffman, an ex-PayPal executive. Tags: NULLcenter_img whatsapp Share Show Comments ▼ alison.lock Friday 28 January 2011 6:59 amlast_img read more

DraftKings launches mobile sportsbook in Pennsylvania

first_img Topics: Sports betting Regions: US Pennsylvania Daily fantasy and sports betting operator DraftKings has rolled out its mobile sportsbook in Pennsylvania.Consumers in the state can now download the app and access features such as in-game betting, odds boosts, props, futures and FlashBet for major US and international sports.DraftKings is also active in New Jersey and West Virginia, while the operator last month launched its online and mobile sportsbook in Indiana.“We have seen immense success over the last year with our sportsbook product and are thrilled for this pivotal next step as DraftKings expands into Pennsylvania,” DraftKings’ co-founder and chief executive Jason Robins said.Read the full story on iGB North America.Image: formulanone Subscribe to the iGaming newsletter Sports betting DraftKings launches mobile sportsbook in Pennsylvania AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Daily fantasy and sports betting operator DraftKings has rolled out its mobile sportsbook in Pennsylvania. DraftKings is also active in New Jersey, Indiana and West Virginia. 7th November 2019 | By contenteditor Email Address Tags: Mobilelast_img read more

Why I think you could double your money with ITV shares

first_img Image source: Getty Images. The ITV (LSE: ITV) share price has halved this year. Ad revenues crashed in April and the group has been forced to cancel reality hit Love Island. Things are certainly difficult at the moment, but this situation won’t last forever.As I’ll explain, I think there’s a good chance ITV shares could double from current levels.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Viewing up, revenue downWe already knew things were going to be tough for ITV in March and April. Advertisers have been cutting spending. The company has also been forced to shut down programme production at ITV Studios.As my colleague Paul Summers reported on Wednesday, viewing figures remain strong, but revenue is down. The company has embarked on a new round of cost-cutting measures to preserve cash. These include £190m of spending cuts and £150m of delayed pension contributions. The dividend has also been suspended.Luckily, the group’s balance sheet was in fairly good shape heading into the crisis. The firm has £100m of cash on hand and a further £829m of unused debt it can draw on if necessary.Investors smell a potential recovery story and the ITV share price has risen by nearly 50% from the March low of 50p. Although I think it’s too soon to pop the champagne corks, I think ITV shares offer great value at current levels and recently topped up my own holding.Why I’ve been buying ITV sharesHow do you know when a share is really cheap? ITV shares currently trade on a price/earnings multiple of just six times 2019 profits. That’s certainly cheap, but what if the company’s future profitability is much lower?After all, even before the coronavirus pandemic, ITV was adapting to rising online viewing and lower revenues from broadcast television. The group’s operating profit margin had fallen from 24% in 2014 to 16% in 2019. That’s a big drop — although 16% is still a pretty healthy figure.I don’t know what the future holds. But the ITV share price has fallen by 70% over the last five years. The shares now trade on just seven times 2020 forecast earnings.In my view, the shares are already priced for a much more modest future. If 2020 is the worst year for earnings — which seems possible to me — then only a small improvement would be needed to drive the stock higher.Growth opportunitiesAs mentioned, ITV has been forced to cancel this summer’s series of Love Island, which is a big money-spinner for the group. However, I suspect that winter reality shows such as I’m A Celebrity… and X Factor will probably continue.Looking ahead to 2021, delayed sporting events including the Tokyo Olympics and European Football Championships should provide opportunities.The ITV Studios business will reopen at some point and resume programme production. Much of the firm’s content is sold to other broadcasters, reducing the group’s dependency on advertising revenue.These elements of the business should be supported by continued online growth, through ITV Hub and the BritBox streaming service.If market conditions gradually return to something like normality, I think the ITV share price could double over the next few years. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Roland Head | Friday, 8th May, 2020 | More on: ITV Why I think you could double your money with ITV sharescenter_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Roland Head owns shares of ITV. The Motley Fool UK has recommended ITV. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Roland Headlast_img read more

Why the Draper Esprit share price is up 65% in 6 months

first_img Nadia Yaqub has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Nadia Yaqub “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Enter Your Email Address Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Over the past half year, the Draper Esprit (LSE:GROW) share price has increased significantly, rising 65% at the time of writing.The AIM-listed venture capital firm, which invests in European technology businesses, allows investors to gain access to a portfolio of some of Europe’s fastest growing private, pre-IPO, technology businesses.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Draper Esprit’s core portfolio is concentrated, where 67% is invested across 16 companies. These include well-known names such as the online global review site Trustpilot, and the challenger bank, Revolut.Seed stage investorDraper Esprit shares also allow investors access to early-stage technology companies, through its seed fund investment strategy, which invests in other early-stage technology funds. Revealed at its full-year results in June 2020, it has invested £39m across 20 seed funds to date. Draper Esprit’s seed fund portfolio complements its existing core portfolio and allows the firm to diversify its exposure to European technology companies across the business life-cycle.Fund raisingWith an active history of placings, Draper Esprit announced a successful placing early October 2020, raising £110m.  The Covid-19 pandemic has accelerated the shift to digital technology, and as such Draper Esprit has had to support its portfolio of businesses that cover services such as online payments and fraud detection.The proceeds from the placing will allow Draper Esprit to deploy funds into new potential future investment opportunities, further diversifying its overall portfolio. It will also allow Draper Esprit to contribute to follow-on funding rounds for its existing portfolio of companies with a view to exit for an attractive Return On Investment (ROI).Recent activityThe rally in the Draper Esprit share price reflects that the company is an active European venture capital investor. In October 2020 it co-led the $50m series B fundraising of PrimaryBid, a technology platform that allows retail investors access to public companies raising capital.It was announced in June 2020 that Zynga  would acquire 100% of the Istanbul-based mobile developer Peak Games for $1.8bn. Draper Esprit’s investment upon sale was worth approximately £80m.Over recent months, Draper Esprit has successfully disposed of its investment in TransferWise, the international money transfer platform. It has led the $20m Series C investment into Ravelin, a fraud detection company. Ravelin uses machine learning and graph network technologies to help online businesses accept more payments with confidence.A positive updateDraper Esprit posted a mid-year update ahead of its interim results scheduled for release on 30th November 2020. The venture capitalist expects its Gross Portfolio Value to be no less than £695m, and has seen a Gross Portfolio Fair Value increase of £70m over the six-month period, which includes the uplift from the disposals of Peak Games and TransferWise. Draper Esprit remains in a strong position to invest in technology businesses with cash resources at year-end of £62m.An encouraging outlookI believe the mid-year update is a sign of positive prospects for the Draper Esprit share price. Investments such as the telemedicine company Push Doctor has allowed Draper Esprit to benefit from the Covid-19 technology boom, which I expect will continue. The management team have successfully displayed their ability to identify, invest and exit European technology companies.    Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Nadia Yaqub | Friday, 20th November, 2020 | More on: GROW Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Why the Draper Esprit share price is up 65% in 6 monthslast_img read more

Bury FC’s shirt sponsors donates season ticket allocation to charity

first_imgRob Groombridge, CEO of tappit and Dawn, Josh’s mother Tagged with: corporate Donated goods football Howard Lake | 24 November 2017 | News Bury Football Club’s Main Shirt Partners, PaySec and tappit, have chosen to donate their 2017/18 Season ticket allocation to the Joshua Wilson Brain Tumour Charity.“The Thumbraisers” give help and hope to children and their families who have brain tumours and post-surgery disabilities. So far the charity has raised over £510,000 and has helped over 1,500 families.The tickets donated this season from PaySec and tappit will go to a number of different members and supporters of the charity, as well as rewarding the dedicated behind-the-scenes team at “SuperJosh”.Dawn, Josh’s mum and the co-founder of the charity said:  “We are so proud be working with Bury FC and are amazed at the support from their front-of-shirt sponsor. We are Bury born and bred, Josh loved being mascot on the pitch and meeting the players. It will be amazing awareness for his charity as well as bringing new relationships and opportunities for fundraising to help us help more families in his legacy. Thank you to everyone at the Club and from PaySec and tappit for all their support!” Bury FC’s shirt sponsors donates season ticket allocation to charity Advertisement Rob Groombridge, CEO of tappit commented: “We’re very proud to be able to contribute to the Joshua Wilson Brain Tumour Charity through our association with Bury FC and congratulate Dawn and the team at SuperJosh for all their amazing efforts.”  119 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4  120 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4 About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Visiting reporter’s release greeted with relief

first_img February 14, 2013 – Updated on January 20, 2016 Visiting reporter’s release greeted with relief to go further News News Receive email alerts February 15, 2021 Find out more News RSF_en Follow the news on Iraq Organisation Three jailed reporters charged with “undermining national security”center_img News IraqMiddle East – North Africa IraqMiddle East – North Africa December 28, 2020 Find out more RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” Help by sharing this information In Arabic (بالعربية)Nadir Dendoune, a visiting journalist with French, Algerian and Australian nationality, was released this afternoon from a Baghdad prison. The French ambassador to Baghdad confirmed to Reporters Without Borders that he was released on bail after being held for 23 days. He is now at the French embassy.The date of his return to France is not yet known and Reporters Without Borders is waiting to learn the exact conditions of his release. “The announcement of Dendoune’s release is an immense relief after 23 days of worry,” Reporters Without Borders secretary-general Christophe Deloire said. “He was arrested simply for doing his work as a journalist. A campaign by his family and fellow journalists in France and Iraq has borne fruit. Reporters Without Borders thanks all the journalists who signed the petition for his release launched by RWB and the support committee.”Dendoune arrived in Iraq on 16 January to do a series of reports for the French monthly Le Monde Diplomatique and the magazine Le Courrier de l’Atlas. According to the French foreign ministry, he was arrested near a water treatment plant in the southwest Baghdad neighbourhood of Dora while out reporting on 23 January.Accompanied by a lawyer, he was brought before a judge on 5 February. The judge ruled that he should remain in custody “for the purposes of the investigation.”Reporters Without Borders and its partner organization in Iraq, the Journalistic Freedoms Observatory, wrote to Prime Minister Nouri Al-Maliki on 30 January requesting Dendoune’s release. Reporters Without Borders also filed a request for a visa at the Iraqi embassy in Paris.Iraq is ranked 150th out of 179 countries in the 2013 Reporters Without Borders press freedom index. Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan December 16, 2020 Find out morelast_img read more

More time needed for tourists to storm the castle

first_imgLimerick’s National Camogie League double header to be streamed live Limerick Ladies National Football League opener to be streamed live NewsMore time needed for tourists to storm the castleBy Alan Jacques – September 25, 2016 866 Print Advertisement AN extension to the opening season for Desmond Castle in Newcastle West is being sought from the Office of Public Works (OPW) to increase tourist activity in West Limerick.Local Sinn Féin councillor Seamus Browne, who called on Limerick City and County Council to request that the season runs from April to September instead of from May to August, said that this would have the potential to increase tourist revenues for Newcastle West and the West Limerick area.“This is why I have brought a motion to Limerick City and County Council. I think a request that has the full support of our Council should carry a lot of weight with the OPW Heritage Division which ultimately has the power to decide on this issue.”Sign up for the weekly Limerick Post newsletter Sign Up “Visitor numbers have been increasing in recent times and the fact that it has free entry is a further bonus.”Cllr Browne has also called for the establishment of a Tourist Forum for County Limerick.“A number of other counties already have a Tourist Forum where all stakeholders work collectively to ensure tourist potential is maximised. Limerick County badly needs a Forum established. The County towns of Limerick need jobs and one source is tourism. But it won’t happen unless all stakeholders come together and build a plan to grow our visitor numbers,” he concluded.In response, a spokesman for the OPW said that visitor numbers to Desmond Hall had steadily increased over recent years from 4,290 in 2012 to 9,415 in 2013, 11,150 in 2014 and 11,362 in 2015. This is due in no small part to the dedicated efforts of OPW guide staff at Desmond Hall and also to the OPW’s commitment to promote and market less-visited heritage sites where it is considered an increase in visitor numbers is sustainable without damaging the heritage fabric of the site.”“The OPW also facilitates local history societies, school tours and active retirement groups wishing to visit the site by prior appointment during the “closed” season.“Unfortunately it is not possible to extend the season at Desmond Hall due to resource constraints. In this instance the ‘Friends of Irish Heritage’ initiative may be of interest. This initiative was introduced to invite interested local groups to join with the OPW to present sites such as Desmond Hall to out-of-season visitors on a volunteer basis,” the spokesman concluded.by Alan [email protected] Email Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Previous articleDelay in Limerick schools patronage process ‘unacceptable’Next articleLimerick to get 100 new jobs with WP Engine Alan Jacqueshttp://www.limerickpost.ie RELATED ARTICLESMORE FROM AUTHORcenter_img Twitter Linkedin Facebook WhatsApp Predictions on the future of learning discussed at Limerick Lifelong Learning Festival TAGSCllr Seamus BrowneDesmond HalllimerickLimerick City and County CouncilNewcastle WestOffice of Public Works (OPW)Sinn Fein WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

Barney Frank: CFPB Elimination Would be Unpopular

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago According to former Representative Barney Frank (D-Mass), the elimination of the Consumer Financial Protection Bureau (CFPB) would be “very unpopular.” Frank spoke to John Catsimatidis, of AM 970 in New York, in an interview, where Frank expressed his support of the Bureau.Frank is one half of the namesake of Dodd-Frank, and said that the CFPB “saved consumers lots of money.” Rather than eliminate the bureau, he hopes that for legislation will be introduced to make minor changes to Dodd-Frank “that make it easier for the smaller and middle-sized banks without weakening the rules against great losses that people can’t deal with.”Although small banks are having difficulties, Frank noted that people are not having a problem getting loans.In a previous interview with DS News, Frank discussed the executive order from President Trump, which demanded an official review of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The executive order, which President Trump signed earlier this year, will direct the Treasury secretary to consult members of different regulatory agencies and the Financial Stability Oversight Council, and report back on potential changes.Frank stated that the executive order confirmed his suspicions that Trump has no intention of maintaining strong regulatory controls over the financial industry.”He’s not worried about a repeat of 2008,” Frank said. “I think this is just confirmation that he believes we shouldn’t regulate the financial industry. Instead, he’s going to make people in business very happy.”Frank said the executive order itself is no real threat to Dodd-Frank itself, as it only orders the Secretary of the Treasury to prepare a report.”The executive order doesn’t do anything. Literally it doesn’t do anything,” he said. “The reason is, he can’t change the provisions of the law by executive order. These are specific statutes, I think we were very careful about adopting them. He would like to get Congress substantively to weaken the bill legislatively.”AS part of the ongoing reviews and new legislation aimed at Dodd-Frank, Senator Ted Cruz (R-Texas) and Representative John Ratcliffe (R-Texas) had introduced legislation if February to eliminate the CFPB. Additionally, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) is in the process of making legislation which would allow the president to remove the CFPB Director from his position at will.  Print This Post Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Barney Frank: CFPB Elimination Would be Unpopular The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily 2017-04-17 Seth Welborn in Daily Dose, Featured, Government, News Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago April 17, 2017 948 Views Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Barney Frank: CFPB Elimination Would be Unpopular Previous: Report Shows Confidence Among Home Builders Next: Fed Banks Predict Slowing GDP Growthlast_img read more

Minister urges public to ‘pray’ things do not get worse

first_imgNewsx Adverts Facebook By News Highland – November 20, 2010 Previous articleThousands of polling cards scrapped after wrong time was printedNext articleSinn Fein accuse Enda Kenny of mischief making on corp tax News Highland Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest WhatsApp Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR Google+center_img Further drop in people receiving PUP in Donegal Pinterest Twitter The Minister for Social Protection says people should ‘pray’ that the finances of the country improve.Eamon O’Cuiv says the next three weeks, due to the government’s budget and  four year year recovery plan , are crucial for Ireland’s future.Speaking on the ‘Shaun Doherty Show’ Minister O’Cuiv said that not everything is in the control of the government and people should pray that things improve:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/11/cuiv-1.mp3[/podcast] Minister urges public to ‘pray’ things do not get worse 365 additional cases of Covid-19 in Republic Google+ Man arrested on suspicion of drugs and criminal property offences in Derry 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more