News That Matters

Tag: share

These financial advisors applied for the PPP loan. They share some lessons learned

These financial advisors applied for the PPP loan. They share some lessons learned

Finance
filadendronAs small businesses sought emergency federal loans, financial advisors not only assisted clients, but also applied for aid to bolster their practices.The Paycheck Protection Program, the $ 349 billion small-business loan offering, ran out of money on April 16 after being open for close to two weeks.More than 1.6 million businesses were approved for funding, according to Treasury. The loans are forgivable, but at least 75% of the forgiven amount must be put toward payroll.Indeed, keeping employees afloat and keeping the lights on were the primary motivators for financial advisors who applied for the loans. Clients' portfolios – as well as advisors' revenues – are already taking a hit as market downturns put a dent into assets."If this thing lasts six months to a year, knowing rev
EMI moratorium fraud: Banks asking customers to be alert, not to share OTP with imposters

EMI moratorium fraud: Banks asking customers to be alert, not to share OTP with imposters

Finance
NEW DELHI: In a bid to warn customers against fraudsters who may attempt to exploit the EMI moratorium scheme, leading banks are reaching out to their customers to caution them against 'EMI moratorium frauds' and strongly advising them not to share sensitive information like OTP and PIN with imposters. Over the past few days, Axis Bank, State Bank of India and other banks have sent out SMSs and e-mails to their customers informing them about new modus operandi being adopted by fraudsters and cyber criminals, to gain access to banking details. Asking customers to protect their financial details, Axis Bank said in an e-mail to customers said fraudsters have started a new modus operandi to gain access to banking details. Imposters may contact you to help postpone your EMI payments and reque...
Europe’s share markets rise as global sell-off eases

Europe’s share markets rise as global sell-off eases

Business
European stock indexes are recovering some ground after huge falls on Thursday.Markets have seen volatile trading as investors weigh the effect of the coronavirus against measures aimed at easing its economic impact.Share markets across the Asia-Pacific region, including Japan, Australia and India, have experienced major swings.It came after the Dow and S&P 500 in the US saw their biggest one-day declines since 1987.In recent days authorities around the world have announced emergency measures in an attempt to avoid recession.On Friday, the UK's Financial Conduct Authority (FCA) prohibited short selling of a raft of shares in Italian and Spanish firms, after a request from authorities in those countries for the action, which is designed to protect that...
Calm returns to markets after share turmoil

Calm returns to markets after share turmoil

Business
Stock markets in Europe have opened higher following Monday's plunge, when shares saw the biggest falls since the 2008 financial crisis.London's FTSE 100 share index rose more than 2% after having sunk 7.7% in the previous session.Markets were battered on Monday in reaction to the threat of an oil price war between Russia and Saudi Arabia.But after falling as much as 30% on Monday, oil prices also saw some recovery, with Brent crude rising 4%. The main share indexes in France and Germany were also up by more than 2% on Tuesday morning. The response has been a fairly standard one when it comes to stock market behaviour, said Kathleen Brooks, director at Minerva Analysis."Markets are so emotional, it...
The GP practice where patients can share appointments

The GP practice where patients can share appointments

Health
Faced with a wait for a GP appointment, would you choose a group session with the doctor instead? It is an idea some surgeries are investigating.Demand for appointments increasingly outweighs availability. In recent years, the number of GP appointments has risen by 13%, but GP numbers are up by less than 5%, putting huge pressure on surgeries.In addition, many of us are living longer and with multiple long-term conditions, which can make consultations extremely complex. The traditional one-to-one 10-minute appointment is arguably no longer fit for purpose.With no promise of increased funding, or a substantially increased GP workforce, primary care teams have to find innovative new ways of delivering routine care in general practi...