Tag: finance car

MPs call for climate-focused rules for Canada’s big banks

A cross-party group of federal lawmakers is backing a call for climate-focused rules on how Canada’s banks, insurers and pension funds invest their money.

“We have to do more,” said Ryan Turnbull, the Liberal MP leading a new push to bring the financial system in line with the commitment Canada has made to reduce its carbon emissions and keep global warming below 1.5 degrees.

Turnbull held a joint news conference on Thursday, along with MPs from the NDP, Green and Bloc Québécois parties, to highlight a private member’s motion he made earlier this month calling for the government to use

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Lument Finance Trust Announces Quarter-End Earnings Release and Investor Call Dates

Published: may. 9, 2023 at 5:00 PM EDT|Updated: 29 minutes ago

NEW YORK, May 9, 2023 /PRNewswire/ — Lument Finance Trust, Inc. (NYSE: LFT) (“we”, “LFT” or “the Company”) announced today that it expects to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 with the Securities and Exchange Commission on Thursday, May 11, 2023after the market closes, and invites investors and other interested parties to listen to its live conference call via telephone or webcast on Friday, May 12, 2023 at 8:30 am eastern time.

The conference call

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Have your say: Are you jumping into the housing market?

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What to avoid in a divorce to prevent financial harm

The tone of divorce proceedings runs the gamut from cordial to downright cruel. But while feelings of anger are common, attempts to inflict financial harm on a spouse will backfire – and can prove very costly for those who try, lawyers say.

“People will sometimes fail to disclose assets, they’ll try to hide them and play games with the values, or they’ll hide money offshore,” says Andrew Feldstein, a lawyer at Feldstein Family Law Group. “There’s always an element of power and control that takes place between former spouses and finances is the element that bleeds into power.”

In April,

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Climate Finance Groups Are Misunderstood, BMO Says

(Bloomberg) — Climate finance groups that press companies to decarbonize are wrongly confused as being regulators that set rules for businesses to reach net zero emissions, according to Dan Barclay, chief executive officer of BMO Capital Markets.

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Entities such as the Glasgow Financial Alliance for Net Zero don’t set rules and there is no “regulatory” outcome from what they do, Barclay said.

“People think that GFANZ, for example, is now the regulator of ESG,” he said Tuesday at the BNEF summit in New York. “It’s not the regulator. It’s a collection of firms that have alignment

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Mortgage fees are changing for homebuyers next month. Here’s what you should know.

If you’re looking to buy a home, be aware that mortgages will change next month.

Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores, downpayments, types of home , and more. The changes relate to credit scores and downpayment sizes.

In some cases, people with higher credit scores may end up paying more while those with lower credit scores will pay less.

scoring higher: Applying for a mortgage? How

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Colorado school finance bill boosts K-12 spending to $9 billion

Colorado’s school finance act would boost K-12 funding next year to more than $9 billion — $150 million more than described in the recently finalized 2023-24 budget and a 7.5% increase from this year.

“The change to school finance is historic,” said Joint Budget Committee Chair Rachel Zenzinger. Average per-pupil spending is proposed to reach $10,579, a 10% increase from this year.

The bill, SB23-287, could set Colorado on the path to fully funding its schools according to constitutional requirements by the 2024-25 school year. Zenzinger said an amendment would lay out a two-year process to eliminate the practice of

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IMF calls risks from bank crisis ‘contained,’ urges central banks to focus on inflation

The IMF says banking issues appear contained for now and that inflation is the bigger risk and top concern for central bankers and attendees of the IMF/World Bank spring meeting this week in Washington.

“Financial stability risks have been contained so far and hopefully that will remain the case,” Tobias Adrian, director of the monetary and capital markets department of the IMF, told Yahoo Finance in an interview. “As a result, monetary policy can focus on fighting inflation and that’s a desirable outcome.”

Stress in financial markets has complicated the task of central banks at a time when inflationary pressures

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