Death of the Bull? China, oil, economics nuke stock averages

Sep 3rd, 2015 Posted in Economic | No Comments »

Portsmouth beats Southampton in survey of best places to live

Sep 3rd, 2015 Posted in Credit Card Comparison | Comments Off on Portsmouth beats Southampton in survey of best places to live

Portsmouth has come out ahead of its neighbouring city Southampton is a survey of the best places to live.

The list was compiled by credit card comparison site ‘Totally Money’ which used indicators including average mortgage price, median wages, the cost of living and the health of the job market.

Blackburn comes top of the list of 64, ahead of Derby and Cambridge. Portsmouth gets eleventh place, and Southampton comes in at number 20, with Brighton at number 23.

Our Opinion: Unpaid college loans a drag on economy

Sep 2nd, 2015 Posted in Education Loans | Comments Off on Our Opinion: Unpaid college loans a drag on economy

A recent study by the Center for American Progress shows that Indiana students have the sixth highest debt per graduate in the country.

Of the people who started college in 2003-04, borrowed at some point then later defaulted on their loans, more than 60 percent had dropped out of college and often very early in their college career.

Ben Miller, who authored the report, said the issue is important because student loan nonrepayment has negative effects that hurt not just people but communities as well. “If lots of people in an area have student loans but no degree, then those payments are sucking dollars out of the community without giving it the positive benefits of increased...

Should I Refinance My Student Loans Before Graduate School?

Sep 1st, 2015 Posted in Education Loans | Comments Off on Should I Refinance My Student Loans Before Graduate School?

With interest rates at record lows and the Federal Reserve confirming expectations of rising interest rates before the end of 2015, now may be an ideal time for college graduates to consider refinancing their high interest rate student loans.

At Credible, we help support student loan borrowers who are looking to refinance, through either lowering the interest rate on their student loans or finding more favorable repayment terms. It’s important to note that if you’re interested in refinancing, the timing of your application could have a significant influence on the offers you receive.

A key question for many students looking to pursue graduate studies is – when...

StoneCastle Cash Management, LLC Reports Record Asset and Account Levels

Aug 31st, 2015 Posted in Cash Management | Comments Off on StoneCastle Cash Management, LLC Reports Record Asset and Account Levels

NEW YORK, July 30, 2015 /PRNewswire/ — StoneCastle Cash Management, LLC (SCCM), a recognized cash management leader for institutions, today announced total assets and client accounts have reached record levels. By staying singularly focused on delivering superior cash management solutions consistent with the needs and objectives of treasury professionals, SCCM strives to become our clients most valued and responsive cash management provider, says Steve Rotella, CEO of SCCM.

Business highlights for the second quarter ended June 30, 2015 include:

  • Increasing balances by 20% year to date, with FICA and ICASM...

Nedbank adds 250 teller cash recyclers in branch transformation effort

Aug 31st, 2015 Posted in Cash Management | Comments Off on Nedbank adds 250 teller cash recyclers in branch transformation effort

Nedbank Group, one of South Africa#39;sfour largest banking groups, is adding 250 NCR Cash Recycler 11 units to its network across the country, working with Bytes Managed Solutions, the exclusive NCR Corp. distributor in South Africa and neighboring countries.

NCR Cash Recycler 11 automates the acceptance, authentication and validation of bank notes and makes them instantly available for dispensing to customers. According to an NCR press release, the teller cash recyclers can reduce cash deposit transaction times by up to 50 percent and cash dispensing transaction times by up to 40 percent.

Nedbank is using the recyclers to transform its branches, creating a modern and open plan...

PowertoPay earns Swift corporate cash management label..

Aug 30th, 2015 Posted in Cash Management | Comments Off on PowertoPay earns Swift corporate cash management label..

PowertoPay earns Swift corporate cash management label
04 August 2015|1804 views|0
Source: PowertoPay

PowertoPay has been awarded the 2015 SWIFT Corporate Cash Management Label for the second consecutive year. All validations to qualify the PowertoPay Corporate Payment Hub for the Corporates Cash Management label have been completed and proven to be successful.

Action News Investigates: Charter school concerns

Aug 29th, 2015 Posted in Cash Management | Comments Off on Action News Investigates: Charter school concerns

Four weeks before the end of the school year, Duval County’s Acclaim Academy shut down, hundreds of thousand dollars in debt.

Two hundred and fifty-six students and their parents were locked out. Acclaim was one of Duval County’s 33 charter schools.

In an Action News Investigation, Paige Kelton has uncovered Acclaim isnt the only local charter school with trouble balancing the books.

Forty-four Florida charter schools closed between July 2013 and April of this year, according to new state records. Many shut down because they couldnt manage their money.
 
In 2014, Acclaim Academy, a taxpayer funded charter school, was $200,000 in debt. This year,...

What Young People Can’t Afford Because of Student Loan Debt

Aug 28th, 2015 Posted in Education Loans | Comments Off on What Young People Can’t Afford Because of Student Loan Debt
  • 56% of millennials with current or past student loans have put off major life events because of their debt.
    Educational debt has caused 43% of older adults to delay life milestones.
  • More than 50% of all student loan borrowers say they didn’t receive enough information or advice about the financial risks of taking on education loans.
  • Just 28% of 18- to 29-year-olds have ever had student loan debt, compared with 41% of 30- to 49-year-olds.

Lack of information

Many borrowers say they did not receive adequate advice when it came to managing their loans after college. Millennials were the most likely to have this complaint (66%).

“Most...

Valero Remains Top Pick At Barclays Following Q2 Results, Notes ‘Admirably …

Aug 28th, 2015 Posted in Cash Management | Comments Off on Valero Remains Top Pick At Barclays Following Q2 Results, Notes ‘Admirably …

In a report published Friday, Barclays analyst Paul Cheng reiterated an Overweight rating on shares of Valero Energy Corporation (NYSE: VLO) with a price target raised to $93 from a previous $86 following the companys second-quarter results.

Valero reported that it earned $2.66 per share in its second quarter on revenue of $25.12 billion. The companys results were higher than the $2.42 EPS and $19.91 billion in revenue analysts were expecting.

Valera said that it increased its cash balance to $5.7 billion at the end of the second quarter from $4.8 billion at the end of the first quarter and $3.1 billion in the same quarter a year ago. The company also accelerated its share...