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Changes To Business Lending Underway At India’s PSU Banks

PYMNTS

For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations. PSUs calculate a borrower’s working capital requirements by looking at the difference between assets and liabilities. Assets don’t help companies to repay loans.

Lending 130
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After A Century, Barclays Steps Back From Africa Operations

PYMNTS

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

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First Cannabis Company To Go Public Raises $153M

PYMNTS

It is a big deal for the cannabis industry’s expansion plans,” said Matthew Kennedy, an IPO market strategist at Renaissance Capital, which runs exchange trade funds that buy newly listed shares. Since it launched in 2014, Tilray has yet to turn a profit, recording a net loss of $7.8 And at $22.39 million in 2017 and $5.2

Company 144
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Top concerns and growth strategies of community banks: Part II

Abrigo

We can find answers in the August Bank Director’s 2014 Growth Strategy Survey , which asked executives from banks of all sizes across the United States about their growth strategies for the next 12 months. Source: 2014 Growth Strategy Survey. Source: 2014 Growth Strategy Survey. Source: 2014 Growth Strategy Survey.

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Misinvoicing Costing Nations Billions, Warns UNCTAD

PYMNTS

Worse, these mistakes often aren’t simply a matter of innocent human error; rather, tax evasion and money laundering tactics are impacting invoice accuracy in cross-border trade, analysts found. One, UNCTAD said, is to underreport the value of a sale to lessen the tax burden on the supplier. Between 1996 and 2014, $69.8

National 100
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What Apple Didn’t Tell You Last Week

PYMNTS

Stockholm is the largest city in the small country of Sweden that’s famous for a few other things, too: charming and beautiful people, long dark winters, short but amazing summers, generous government and social benefits, and having one of the most progressive tax systems in the world. times the average Swedish income.

Apple 100
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Rebounding from the Downturn

Independent Banker

Thanks to the hard work of our employees and significant financial commitment from our directors and some key shareholders, we were able to preserve local control of our bank, restructure its capital and restore our company to sustained profitability. million valuation allowance on the bank’s deferred tax assets.