Charlie Munger warns of the vulnerability of US banks with “bad loans” as property prices fall. TWC – Charlie Munger, the 99-year-old investor and vice chairman of Berkshire Hathaway, has issued a warning about the US commercial property market. During his interview with the Financial Times, Munger voiced his concerns regarding the vulnerability of US […]
Banks await news from the US government regarding the fate of San Francisco lender First Republic (FRC) after the deadline to submit bids passed. TWC – Banks including JPMorgan Chase, Bank of America, PNC Financial Services Group, Citizens Financial Group and US Bancorp were invited to bid by the Federal Deposit Insurance Corporation. However, Bank […]
JPMorgan’s acquisition of Frank founder Charlie Javice is causing legal troubles and cutting off her funding sources. TWC – Charlie Javice, the founder of Frank, a financial aid site, who sold her company for $175 million, is now running out of money. Javice is fighting multiple lawsuits, one against JPMorgan Chase, the company that acquired […]
To ease affordability for locals and cool the red-hot housing market, Singapore has doubled its tax rate for foreign property buyers. TWC – Singapore’s government is implementing measures to cool its red-hot housing market, including increasing property taxes to ease locals’ affordability and maintain its financial hub competitiveness. In a statement, the government announced that […]
BOJ confirms effects and side effects of monetary easing policy for future operations at the monetary policy meeting Kyodo News Agency, April 28 – The Bank of Japan has decided to maintain its current large-scale monetary easing policy at its monetary policy meeting on the 28th. The decision was made unanimously by the nine policy […]
Higher interest rates failed to curb robust consumer spending as the U.S. economy grew for the third consecutive quarter in Q1. According to the Commerce Department, the U.S. economy grew at a slower pace of 1.1% in the first quarter of 2023. The figures indicate a decline from the 2.6% growth in the last quarter […]
The ‘Buy Now Pay Later’ (BNPL) financing model has become increasingly popular among consumers worldwide, providing a flexible and convenient way to purchase goods and services. CrediMax and the BENEFIT Company are teaming up to bring this innovative business model to Bahrain. We sat down with Abdulwahed AlJanahi, Chief Executive of BENEFIT Company, and Ahmed […]
Interview with Reasmey Daneth, CEO and Co-founder of Tenbox. Congratulations on securing funding from Choice Accelerator! Tell us more about Tenbox and what inspired you to start this digital wholesale marketplace. Thank you! Tenbox is a digital wholesale platform that connects retail store owners with suppliers of various products. We founded Tenbox because, as former […]