business news

As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent – CNBC

Wall Street has been beefing up hiring for digital asset teams. But some employees are walking away from name-brand institutions in search of more risk, and potentially, more reward. JPMorgan Chase, Morgan Stanley and Goldman Sachs are among the firms with dedicated groups for cryptocurrency and its underlying blockchain technology. JPMorgan has one of the …

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From saving money to paying down debt, here’s why financial literacy is so important – CNBC

Morsa Images | Digitalvision | Getty Images To achieve financial success, knowledge is key. Yet many Americans lack financial literacy. That can impact everything from the amount of money saved to debt owed. The situation is dire for more than a few. More than half of Americans can’t cover a $1,000 emergency expense with savings, …

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Saving for retirement is the top financial priority for just 17% of adults, survey shows – CNBC

Monthirayodtiwong | Istock | Getty Images Saving for retirement appears to be taking a backseat to other financial considerations for many Americans right now. Just 17% have made saving for their post-working years their top financial priority for 2022, according to First National Bank of Omaha‘s latest financial wellness survey. This is despite 59% of …

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Finance minister Sitharaman blames UPA for NPAs, write-offs 'not waivers' – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Monday attacked the UPA regime for its alleged failure to recover money from those who turned their loan accounts into non-performing assets (NPAs), and said under the Modi government, banks for the first time got back money from defaulters. Sitharaman also said in the Lok Sabha that actions …

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Budgeting for a baby: Here's what financial advisors recommend for new parents – CNBC

StefaNikolic | E+ | Getty Images Certified financial planner Amber Miller is used to thinking about the costs and challenges of life for her clients. It gave her a leg up when it came to preparing for the birth of her own first child last year. “We had our daughter, Zahra, in August, and we’re …

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Britain will reveal crypto regulation plans in coming weeks, sources say – CNBC

Britain’s Chancellor of the Exchequer Rishi Sunak leaves the 11 Downing Street, in London, on March 23, 2022. Daniel Leal | AFP | Getty Images LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar …

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Equitas Small Finance Bank: Brokerages see over 50% upside in stock amid multiple triggers – Zee Business

Equitas Small Finance Bank (ESFB) shares have the potential to generate over 50% return in one year as near-term pain has been already priced in, says brokerage house Nirmal Bang. The bank has done very well on the liability front while diversifying its asset base away from MFIs, however, since its asset quality has weakened …

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Remarrying? Here are financial considerations to keep in mind before saying ‘I do’ – CNBC

kali9 | E+ | Getty Images You may want to consider some financial issues before walking down the aisle again. When it comes to tackling those financial issues around remarriage, financial advisors recommend couples look at the past — for example, how each person handled finances, and their pre-marital liabilities and assets — the present …

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Infosys plays down Russia ties after UK finance chief grilled – Times of India

MUMBAI: Infosys played down its business ties in Russia on Friday after British finance minister Rishi Sunak came under fire over his wife’s stake in the IT giant. Infosys, with a market value of some $100 billion, was co-founded by Sunak’s father-in-law N R Narayana Murthy. His daughter Akshata Murthy, Sunak’s wife, owns a stake …

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