• As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN

    As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN After the prior week's almost unprecedented outflows, total money market fund assets rose last week (admittedly by a modest $9.1BN), but remain below the $6TN level ($5.97TN) as tax-season draws roll off Source: Bloomberg The flows into money-market fund assets through April 24 mainly on the back of inflows by institutional investors, which had led the tax-related decline the...

  • Celebrity fund for Maui wildfire survivors donates $60M

    Lana Vierra misses the swing set at her Lahaina home, which was reduced to ashes in the wildfires that swept through her community last summer.

  • SEC moves to curb illicit funds in banking recapitalisation

    The Securities and Exchange Commission has revealed its stance against the admittance of illicit funds into the capital market through the fresh banking recapitalisation exercise. The Executive Director (Operations) of the commission, Dayo Obisan, revealed this on Thursday at a symposium organised by the Association of Capital Market Academics of Nigeria, with the theme ‘Banking Read More

  • UniCredit Bank Introduces onemarkets Fund for Romanian Market

    UniCredit Bank introduces exclusive investment solutions to the Romanian market with the launch of onemarkets Fund. This platform presents a diverse array of investment solutions available to customers of UniCredit Bank Romania, along with the opportunity to leverage the extensive expertise of world leaders in mutual fund management, including BlackRock, Fidelity, Pictet, J.P. Morgan, Pimco, […]

  • Walmart helps local food banks with volunteer work and donations

    ALBUQUERQUE, N.M. (KRQE) – Walmart is lending support to local hunger relief organizations including the Roadrunner Food Bank. Volunteers came in from the supercenter to lend a hand with the Fight Hunger, Spark Change campaign. "Volunteers make up such an important part of our "workforce" here at the food bank. We could not do what we []

  • Veterans memorial fund gets $5K boost from Liberty Bank

    Liberty Bank of East Longmeadow presented a $5,000 check to help honor local veterans.

  • Houston must allocate millions more for drainage fund, appeals court rules

    Houston Mayor John Whitmire says the city, already facing a budget crunch, will appeal Tuesday's decision, which was the latest development in a years-long legal battle over the implementation of a voted-approved charter amendment.

  • Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit

    A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.

  • World Bank suspends Tanzania tourism funding after claims of killings and evictions

    Plan to expand Ruaha national park has been beset by allegations of abuse, leading bank to withhold final $50m of $150m budgetThe World Bank has suspended financing intended to develop tourism in southern Tanzania after allegations of killings, rape and forced evictions.The bank began investigating last year after being accused of enabling abuses around Ruaha national park, which was due to double in size as part of a World Bank-supported programme. Continue reading

  • Rep. Banks proposes bill to ban federal funds from going to NPR

    Republican Rep. Jim Banks of Indiana is pushing a measure that would prohibit federal funds from flowing to NPR."After the date of the enactment of this Act, no Federal funds may, directly or indirectly, be made available to or used to support" National Public Radio, "including through the payment of dues to or the purchase of programming from such organization by a public broadcast station using Federal funds received by such station," the proposal, dubbed the "Defund NPR Act," states. The same...

  • IC Downtown District builds pickleball court on Ped Mall for summer

    The Iowa City Downtown District built a multisport pickleball court late last week for residents to use this summer into early fall. The court also has hopscotch and shuffleboard and can be used for other sports if the pickleball net is removed. Downtown District Executive Editor Betsy Potter said it is open and free for

  • Petition: Tell the World Bank to Stop Funding “Hog Hotels” in China

    Please take a moment of your time to sign this petition to demand the World Bank stop funding this animal welfare nightmare!