Nomura Asset Management Co. Ltd. increased its holdings in New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) by 114.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,317 shares of the company’s stock after purchasing an additional 1,239 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in New Mountain Finance were worth…
Tag: introduction to finance
Millions of debt collections dropped off Americans’ credit reports
Tens of millions of debt collections disappeared from Americans’ credit reports during the pandemic, a new government watchdog report found, but overdue medical bills remain a big strain on many households nationwide. The total number of debt collections on credit reports dropped by 33% from 261 million in 2018 to 175 million in 2022, according…
G20 watchdog says commodity market concentration poses a threat to a wider economy
By Huw Jones LONDON (Reuters) – The pandemic and war in Ukraine highlighted weaknesses in commodity markets where a ‘significant’ concentration of firms, banks, exchanges and clearing houses threatens to transmit losses to the wider economy, the G20’s financial watchdog said on Monday. The Financial Stability Board’s (FSB) deep dive into commodity markets came after…
Here’s why crypto companies need to focus on embedded finance
A new study by Decta highlights the importance of embedded finance features in today’s fintech world. With online shopping and digital payments becoming a norm, the study pointed toward some key drivers for a seamless customer experience. Embedded finance is a new type of distribution software that works with financial infrastructure providers to include financial…
Some Meta employees are getting paid to do ‘zero work’ as the company embarks on a ‘year of efficiency’: Financial Times
Meta CEO Mark Zuckerberg told investors that 2023 will be the “year of efficiency” for the company.Getty Images Meta signaled in February it’s likely to cut more jobs this year after culling 11,000 jobs last year. The company has delayed budget-setting for some teams as it gears up for the new round of layoffs, per…
Three takeaways from a busy week in markets: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 am ET. Subscribe Saturday, February 11, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market…
Susan Rimmer reads CIBC for sustainable finance talent war
Susan Rimmer, head of investment banking at CIBC, in Toronto on Feb. 10.Tijana Martin/The Globe and Mail Three months into her new job as head of global corporate and investment banking at the Canadian Imperial Bank of Commerce CM-T, Susan Rimmer is focusing on a trend that is set to play out over three decades….
Are Finance Stocks Lagging Manulife Financial Corp (MFC) This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Manulife Financial (MFC) one of those stocks right now? A quick glance at the company’s year-to-date performance in comparison to the rest of the Finance sector should help us answer this…