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Image of article 'Mitsubishi UFJ Trust & Banking Corp Has $1.57 Billion Position in Microsoft Co. (NASDAQ:MSFT'

Mitsubishi UFJ Trust & Banking Corp Has $1.57 Billion Position in Microsoft Co. (NASDAQ:MSFT

Mitsubishi UFJ Trust & Banking Corp reduced its position in Microsoft Co. (NASDAQ:MSFT) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.

Sander Capital Advisors Inc. now owns 203,810 shares of the software giant’s stock valued at $32,143,000 after acquiring an additional 1,335 shares during the last quarter.

Cypress Capital Management LLC WY lifted its holdings in shares of Microsoft by 14.3% in the first quarter.

Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock worth $120,000 after acquiring an additional 95 shares during the last quarter.

BMO Capital Markets upped their price target on shares of Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th.

published earnings business

PSU banks on - board 1 crore account holders on digital payment modes in a month

NEW DELHI: The finance ministry on Friday said that public sector banks (PSBs) have on-boarded about one crore customers on digital payment modes in just one month of the launch of 'Digital Apnayen' campaign.The campaign, aimed at encouraging customers to use digital banking channels, was launched on August 15 under the aegis of the government's Digital India initiative.The department of financial services (DFS) said in a tweet, "DFS's #DigitalApnayen campaign gets off to a roaring start!

PSBs on-board 1 Cr A/c holders on digital payment modes in 31 days of campaign launch.

Committed to transform India into a digitally empowered society!

"Under the campaign, banks were asked to on-board a minimum 100 new customers including merchants and financial inclusion account holders by each branch on digital payment mode.Banks were also advised to consider reward and recognition programme for their branches and business correspondents and other field functionaries for promoting the campaign.

added banking business
Image of article 'Commerzbank Names Deutsche Bank’s Knof CEO to Lead Cost Cuts'

Commerzbank Names Deutsche Bank’s Knof CEO to Lead Cost Cuts

Knof joined Deutsche Bank only one year ago to head the German retail unit where he oversaw the merger of the two formerly separate retail divisions, which was completed in May.

Knof’s appointment comes 18 months after Commerzbank held unsuccessful merger talks with Deutsche Bank.

Read: Commerzbank ‘Plan C’ Is Taking Shape With Lots of Cuts in Store.In choosing Knof, Vetter decided to pass over two senior executives seen as potential Zielke successors -- Chief Financial Officer Bettina Orlopp and corporate clients head Roland Boekhout.

Knof, 55, who will take over from Martin Zielke on Jan. 1, has earned his reputation as a tough cost cutter, people close to him said, and he’s going to have to oversee a turnaround program at Commerzbank that may lead to about 10,000 jobs cuts, Bloomberg News has reported.

(Bloomberg) -- Commerzbank AG appointed Deutsche Bank AG German retail head Manfred Knof its new chief executive officer as it braces for its heaviest restructuring in a decade.

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Image of article 'Mogo Finance Technology (TSE:MOGO) Given a C$4.00 Price Target at Raymond James'

Mogo Finance Technology (TSE:MOGO) Given a C$4.00 Price Target at Raymond James

It offers free credit score monitoring; MogoProtect, an identity fraud protection solution; MogoCard, a Mogo Visa Platinum Prepaid Card; MogoMortgage, a digital mortgage solution; MogoCrypto account; and MogoMoney that enables the buying and selling of bitcoin, as well as access to consumer credit products.

Mogo Finance Technology Inc operates as a financial technology company in Canada.

Mogo Finance Technology has a 52-week low of C$0.79 and a 52-week high of C$4.90.

Raymond James set a C$4.00 target price on Mogo Finance Technology (TSE:MOGO) in a research report report published on Friday morning, BayStreet.CA reports.

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Image of article 'Old Dominion Freight Line (NASDAQ:ODFL) Stock Rating Lowered by BidaskClub'

Old Dominion Freight Line (NASDAQ:ODFL) Stock Rating Lowered by BidaskClub

Finally, Citigroup increased their price objective on Old Dominion Freight Line from $135.00 to $185.00 and gave the company a neutral rating in a report on Wednesday, July 8th.

Goldman Sachs Group upped their price target on Old Dominion Freight Line from $141.00 to $172.00 and gave the company a sell rating in a report on Thursday, August 27th.

Deutsche Bank upped their price target on Old Dominion Freight Line from $133.00 to $166.00 and gave the company a hold rating in a report on Wednesday, August 5th.

Credit Suisse Group boosted their price target on shares of Old Dominion Freight Line from $166.00 to $187.00 and gave the stock a neutral rating in a research note on Friday, July 31st.

BidaskClub cut shares of Old Dominion Freight Line (NASDAQ:ODFL) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, BidAskClub reports.

published banking finance business

This Programming Language Can Open Up Banking's Best Jobs

If you want to learn Q, one person to know is Nick Psaris, a New York-based developer at Bank of America who describes himself as “passionate about using and teaching kdb+ to transform businesses,” and who just wrote a book titled, “A Functional Introduction to Machine Learning in Q.” You can find Psaris’ Github page here.

Q is its query language, while K is the language behind KDB, which breaks down into K and Data Base plus.

In 2017, eFinancialCareers (Dice’s sister site) noted that KDB+ was the database system used by banks, hedge funds, and high-frequency trading houses looking for fast data extraction and analytics.

For those in the know, the languages you really want to know in finance are K and Q, the languages that go with the KDB database.

In October last year, Arthur Whitney, the Canadian computer scientist who invented the K and Q languages and developed the KDB database, launched Shakti, a new high-speed data platform with a Python interface.

published finance (general) technology

A massive trove of newly leaked documents shows how big banks help criminals move dirty money

On Sunday, BuzzFeed News published an investigative report showing how some of the world’s most powerful banks were aware of—but failed to stop—suspicious transactions totaling more than $2 trillion.

Banks profited from these transactions, “facilitating the work of terrorists, kleptocrats, and drug kingpins,” BuzzFeed writes, and the US government, though aware, rarely intervened.

The investigation was based on a leak of more than 2,100 documents dubbed the “FinCEN Files” that BuzzFeed shared with the International Consortium of Investigative Journalists.

Banks flag suspicious transactions made in US dollars to the agency, but most are not investigated; meanwhile, just by filing a report, a bank “all but immunizes itself and its executives from criminal prosecution,” BuzzFeed writes.

A trove of those reports, from transactions between 1999 and 2017, make up the FinCEN Files.

published banking lifestyle
Image of article 'Mobile banking startup Chime lands $485M mega-round at $14.5B valuation'

Mobile banking startup Chime lands $485M mega-round at $14.5B valuation

To date, Chime has taken in about $1.5 billion from you’re here … Show your support for our mission with our one-click subscription to our YouTube channel (below).

Chime claimed to have had 3 million bank accounts when it closed its $200 million round in May and is now adding several hundred thousand new ones every month, Chief Executive Officer Chris Britt (pictured, left, with co-founder Ryan King) told CNBC today.

The feature rounds out the value of transactions to the nearest dollar, then adds the round-up differentiate to the user’s Chime savings account.

Chime Financial Inc. today became the most valuable financial technology startup in the U.S. after announcing that it has closed a $485 million round at a $14.5 billion valuation.

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Image of article 'Gender diversity stalls among ASX 200 companies'

Gender diversity stalls among ASX 200 companies

Chief executives are happy to appoint women to functional roles such as human resources, corporate affairs and compliance.

But between 2017 and 2020, the number of women in line management or operational roles at ASX 200 companies has been stuck at 12 per cent.

In the past year, the number of companies with no women at all in business line roles rose to 65 per cent, from 57 per cent a year earlier.

HESTA chief executive Debby Blakey, who is also on the CEW panel, says the $54 billion super fund will increasingly use its voting power to make boards accountable for poor progress on gender diversity.

ANZ Banking Group chief executive Shayne Elliott, also a panellist, warns against putting too much emphasis on the need for women to be in line management roles to become CEOs.

published employment business
Image of article 'Short Interest in Aareal Bank AG (OTCMKTS:AAALF) Expands By 37.2'

Short Interest in Aareal Bank AG (OTCMKTS:AAALF) Expands By 37.2

Aareal Bank AG (OTCMKTS:AAALF) was the recipient of a large increase in short interest in the month of August.

Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Aareal Bank has a 52-week low of $13.51 and a 52-week high of $13.51.

Aareal Bank AG, together with its subsidiaries, provides financing, software products, digital solutions, and payment transaction applications for the property sector and related industries in Germany and internationally.

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published banking business
Image of article 'Bill Gates Sr., Father of Microsoft Founder, Dies at Age 94'

Bill Gates Sr., Father of Microsoft Founder, Dies at Age 94

William H. Gates II, who raised a precocious and headstrong young man known as Bill Gates and later helped the co-founder of Microsoft Corp. give away his billions, died Monday at his beach home on Hood Canal in Washington state, the family said.

Mr. Gates Sr. helped found what became K&L Gates, an international law firm, but was far better known as the father of a billionaire software pioneer.

He was often asked whether he was “the real Bill Gates.”

published banking general finance
Image of article 'Focus Financial Partners (NASDAQ:FOCS) Lowered to Strong Sell at BidaskClub'

Focus Financial Partners (NASDAQ:FOCS) Lowered to Strong Sell at BidaskClub

American International Group Inc. lifted its position in shares of Focus Financial Partners by 6.0% during the 2nd quarter.

Bank of New York Mellon Corp lifted its position in shares of Focus Financial Partners by 0.8% during the 2nd quarter.

Finally, Oppenheimer boosted their target price on Focus Financial Partners from $29.00 to $39.00 and gave the stock an outperform rating in a report on Monday, July 13th.

Bank of America boosted their target price on Focus Financial Partners from $31.00 to $39.00 and gave the stock a buy rating in a report on Friday, July 10th.

Truist Financial boosted their target price on Focus Financial Partners from $30.00 to $50.00 and gave the stock a buy rating in a report on Tuesday, August 4th.

published banking finance business
Image of article 'Worldwide Neo and Challenger Bank Market to 2027       -       Opportunity Analysis and Industry Forecast'

Worldwide Neo and Challenger Bank Market to 2027 - Opportunity Analysis and Industry Forecast

DUBLIN, Sept. 15, 2020 /PRNewswire/ -- The "Neo and Challenger Bank Market by Service Type and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

Together, neo and challenger banks have entered in the banking industry with advance features, real-time services and client-centric products & services posing challenges for the existing traditional banks in the market.

The neo and challenger bank market is segmented on the basis of service type, end user, and region.

The key players profiled in the global neo and challenger bank market analysis are Atom Bank plc, Fidor Solutions AG, Monzo Bank Limited, Movencorp, Inc., MYbank, Number26 GmbH, Simple Finance Technology Corporation, Tandem Bank, UBank limited, and WeBank.

Increase in Smartphone and Internet Penetration Chapter 4: Neo and Challenger Bank Market, by Service Type 4.1.

published marketing economy
Image of article 'Orion Portfolio Solutions LLC Raises Stake in Wells Fargo & Company (NYSE:WFC'

Orion Portfolio Solutions LLC Raises Stake in Wells Fargo & Company (NYSE:WFC

Orion Portfolio Solutions LLC raised its position in shares of Wells Fargo & Company (NYSE:WFC) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

Finally, Winning Points Advisors LLC lifted its holdings in Wells Fargo & Company by 8.5% during the second quarter.

Barclays lowered their target price on shares of Wells Fargo & Company from $40.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th.

Citigroup lowered their target price on shares of Wells Fargo & Company from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, July 16th.

Finally, Morgan Stanley lowered their target price on shares of Wells Fargo & Company from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday.

published banking business finance
Image of article 'Short Interest in Yamaguchi Financial Group, Inc. (OTCMKTS:YFGSF) Drops By 42.8'

Short Interest in Yamaguchi Financial Group, Inc. (OTCMKTS:YFGSF) Drops By 42.8

Yamaguchi Financial Group, Inc. (OTCMKTS:YFGSF) was the target of a large drop in short interest during the month of August.

Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Shares of Yamaguchi Financial Group stock opened at $11.44 on Monday.

Yamaguchi Financial Group has a 1 year low of $11.20 and a 1 year high of $11.44.

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published banking business
Image of article 'JPMorgan Chase & Co. Raises Experian (LON:EXPN) Price Target to GBX 3,100'

JPMorgan Chase & Co. Raises Experian (LON:EXPN) Price Target to GBX 3,100

Credit Suisse Group lifted their price objective on shares of Experian from GBX 2,200 ($28.75) to GBX 2,660 ($34.76) and gave the company a neutral rating in a report on Thursday, May 21st.

Jefferies Financial Group reiterated a hold rating and set a GBX 1,900 ($24.83) price objective on shares of Experian in a report on Thursday, July 16th.

UBS Group restated a buy rating on shares of Experian in a report on Friday, July 10th.

Experian (LON:EXPN) had its price objective boosted by JPMorgan Chase & Co. from GBX 3,000 ($39.20) to GBX 3,100 ($40.51) in a research report released on Friday, Digital Look reports.

Finally, Goldman Sachs Group lifted their price objective on shares of Experian from GBX 2,600 ($33.97) to GBX 2,800 ($36.59) and gave the company a neutral rating in a report on Wednesday, July 8th.

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Image of article 'Despite Covid-19, Andhra sees Rs 4,000 cr spike in tax revenue: Data'

Despite Covid-19, Andhra sees Rs 4,000 cr spike in tax revenue: Data

The state also received Rs 10,554.21 crore as grants-in- aid and other contributions from the Central government till July as against just Rs 5,164 crore in the corresponding period last year.

Citing possible fall in revenues due to COVID-19 lockdown, the state government has enhanced various taxes, including on liquor and petrol and diesel, to mop up an additional annual revenue of over Rs 15,300 crore.

Accounted figures of the state released by the CAG (Comptroller and Auditor General) showed that earned a tax revenue of Rs 19,114.73 crore from April to July in 2020-21 compared to Rs 15,017.77 crore during the same period a year ago.

Belying fears of an adverse effect on the economy due to coronavirus-prompted lockdown, saw over Rs 4,000 crore spike in its tax revenue in the first four months of the current financial year compared to the corresponding period last year.

Apart from loans, the state government is banking on enhanced taxes and so far has increased various taxes and rates that could fetch an additional revenue of Rs 15,361 crore.

published finance (general) business
Image of article 'Bank of America Corp DE Trims Holdings in M&T Bank Co. (NYSE:MTB'

Bank of America Corp DE Trims Holdings in M&T Bank Co. (NYSE:MTB

Bank of America Corp DE decreased its holdings in M&T Bank Co. (NYSE:MTB) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).

Zacks Investment Research downgraded shares of M&T Bank from a “hold” rating to a “sell” rating and set a $108.00 price objective for the company.

Odeon Capital Group upgraded shares of M&T Bank from a “sell” rating to a “hold” rating and set a $111.00 price objective for the company in a research report on Tuesday, September 8th.

Wells Fargo & Company upped their price objective on shares of M&T Bank from $120.00 to $135.00 in a research report on Friday, June 5th.

Finally, Morgan Stanley cut their price objective on shares of M&T Bank from $136.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th.

published banking business
Image of article 'City Developments Limited (OTCMKTS:CDEVY) Sees Large Growth in Short Interest'

City Developments Limited (OTCMKTS:CDEVY) Sees Large Growth in Short Interest

City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 100 locations in 28 countries and regions.

ValuEngine raised City Developments from a “sell” rating to a “hold” rating in a report on Saturday, June 20th.

Zacks Investment Research cut City Developments from a “hold” rating to a “sell” rating in a research note on Wednesday, August 19th.

City Developments Limited (OTCMKTS:CDEVY) was the recipient of a large growth in short interest in the month of August.

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Image of article 'Short Interest in Americann Inc (OTCMKTS:ACAN) Declines By 95.1'

Short Interest in Americann Inc (OTCMKTS:ACAN) Declines By 95.1

The company was formerly known as Nevada Health Scan, Inc and changed its name to AmeriCann, Inc in 2014.

AmeriCann, Inc designs, develops, and owns medical cannabis facilities to produce the medical cannabis in the United States.

As of August 31st, there was short interest totalling 900 shares, a drop of 95.1% from the August 15th total of 18,300 shares.

Americann Inc (OTCMKTS:ACAN) was the target of a large drop in short interest in August.

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Image of article 'Stifel Financial Corp Buys 22,986 Shares of Bank of New York Mellon Corp (NYSE:BK'

Stifel Financial Corp Buys 22,986 Shares of Bank of New York Mellon Corp (NYSE:BK

Stifel Financial Corp lifted its stake in Bank of New York Mellon Corp (NYSE:BK) by 7.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Citigroup dropped their price objective on Bank of New York Mellon from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, July 17th.

Jefferies Financial Group raised Bank of New York Mellon from a “hold” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $45.00 in a research note on Wednesday, July 8th.

Morgan Stanley lifted their price objective on Bank of New York Mellon from $41.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday, September 1st.

Finally, Wells Fargo & Company raised their price target on Bank of New York Mellon from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th.

published banking business
Image of article 'Vanguard Group Inc. Sells 276,733 Shares of Bank of Montreal (NYSE:BMO'

Vanguard Group Inc. Sells 276,733 Shares of Bank of Montreal (NYSE:BMO

Vanguard Group Inc. reduced its stake in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

Bank of New York Mellon Corp grew its stake in shares of Bank of Montreal by 1.9% during the first quarter.

First Trust Advisors LP grew its stake in shares of Bank of Montreal by 39.4% during the first quarter.

Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Bank of Montreal by 9.6% during the first quarter.

BMO Capital Markets lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and set a $75.00 price target for the company.

published banking business
Image of article '22 common VPN terms explained'

22 common VPN terms explained

A good VPN service offers DNS leak protection so that your connection drops before this happens, ensuring no one can spot where you're visiting, even for a involves converting data into an encrypted form so that potential hackers and threats can't figure out what it means.

Some VPNs like ExpressVPN and NordVPN offer a split-tunneling service so that your connection is split in multiple directions, making it even harder for a potential hacker to see your original location.

A good quality VPN offers IP leak protection so that this doesn't happen, and your entire connection drops for a moment if the VPN happens to quit for a brief time.

IP Leak An IP leak is when your VPN connection briefly drops, and your true IP address is exposed to the website you're browsing.

It's the best way to protect sensitive data and the addition of a VPN means that your sensitive browsing (such as when you want to check your online banking) is extra safe and difficult to decipher.

Malaga Financial Corporation Announces 65ᵗʰ Consecutive Quarterly Cash Dividend

As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service.

A more detailed breakdown of Malaga Bank's A+ health score may be found in the health section of its dedicated page at For over ten years Malaga Bank has been consistently recommended by one of the nation's leading independent bank rating and research firms, Bauer Financial Inc.

Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles.

11, 2020 (GLOBE NEWSWIRE) -- Malaga Financial Corporation (OTC:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on September 24, 2020.

The Bank's web site is located at Bowers Chairman, President and Chief Executive Officer Malaga Financial Corporation (310)

published banking finance