Goodwillfinance

  © Bloomberg The DBS Group Holdings Ltd. logo is displayed atop Tower 3 of the Marina Bay Financial Centre in Singapore, on Wednesday, Feb. 12, 2020. The coronavirus outbreak rocked Singapore's financial district after an infection at the country’s biggest bank prompted it to evacuate 300 workers. (Bloomberg) -- All employees at DBS Group Holdings Ltd. will be granted the flexibility to work remotely up to 40% of the time to address the “massive changes” brought about by the Covid-19 pandemic. The company’s Future of Work task force found that more than four in five of its 29,000 staff were able to work seamlessly remotely, the Singapore lender said in a statement on Tuesday. However, some expressed that they preferred a hybrid work arrangement, which allowed them to stay engaged with colleagues. © Bloomberg The DBS Group Holdings Ltd. logo is displayed atop Tower 3 of the Marina Bay Financial Centre in Singapore, on Wednesday, Feb. 12, 2020. The coronavirus outbreak rocked Singap...

  NEW DELHI: S&P Global Ratings on Thursday said the Reserve Bank of India's swift resolution of troubled Lakshmi Vilas Bank will keep contagion at bay and help maintain stability in the banking system. The Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). As part of the proposal, DBIL, the wholly owned subsidiary of Singapore-based DBS Bank, will inject Rs 2,500 crore into the merged entity to support its financial position. S&P said this deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years. The Reserve Bank of India (RBI) had put the private-sector lender under prompt corrective action (PCA, or under watch by the central bank) in September 2019, and the search for a white knight had been on since then. "The RBI's swift resolution of troubled Lakshmi Vilas Bank will keep contagion at bay and help maintain stability in the banking system. We believ...

  (Updated): Bitcoin’s price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto. The world’s top cryptocurrency by market capitalization reached a high of $18,062 at 03:01 UTC, a price point not seen since Dec. 16, 2017. After topping out at almost $18,500, prices dropped back below $18,000 for around two hours before crossing the level again. Over the past 24 hours, bitcoin has ranged between $16,560 and $18,464. Bitcoin is now up 146% on a year-to-date basis and has gained nearly 70% so far this quarter, according to CoinDesk 20 data. “A few recent events have undoubtedly had an impact,” said Antoni Trenchev, co-founder and managing partner at crypto lender Nexo. “Institutional investment by the likes of MicroStrategy and Square, PayPal actively shilling crypto, and the bitcoin halving in May” were likely causes for bitcoin’s continual rise, he said. Others see global events such as COVID-19 and negative intere...

Do you ever wonder how some of the world's top financial advisors invest their own money? If so, you aren't the only one. Last summer, CEO of Ritholtz Wealth Management Josh Brown wrote a blog post titled How I Invest My Own Money that went viral in the finance and investment community. Turns out, people are really curious as to how successful investors build their personal portfolios. This blog post eventually turned into a book with Brian Portno y called How I Invest My Money: Finance experts reveal how they save, spend, and invest where top investors share their personal investment strategies. Josh joins the show today to talk about his blog post, his new book, and why people need to believe in the companies they invest in. Music by Drop Electric. Find us: Twitter / Facebook / Newsletter. Subscribe to our show on Apple Podcasts, PocketCasts and NPR One.

  © Bloomberg Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., listens as Jim Bridenstine, administrator of the U.S. National Aeronautics and Space Administration (NASA), not pictured, speaks during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. (Bloomberg) -- It’s been an eventful few days for Elon Musk. CONSTELLATION BRANDS, INC. The billionaire tested positive for Covid-19, his rocket company launched four astronauts into space, and on Monday his electric carmaker Tesla Inc. was named for inclusion in the S&P 500 Index. The last bit of news added the equivalent of rocket fuel to his fortune. Musk, 49, is poised to become the world’s third-richest person, leapfrogging Mark Zuckerberg, after his net worth soared in extended trading. Tesla, whose stock closed at $408.09, surged as much as 15% on Monday night. In pre-market trading in New York, the stock was trading at about $460, put...

 

  November 11, 2020 4 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. Opinions expressed by Entrepreneur contributors are their own. Today there are several types of fintechs to improve personal finances; however, not all are available in the Mexican market. Despite this, there are some efforts by companies to incorporate elements that improve financial management. In Mexico, “the lack of financial culture has made many Mexicans choose to continue saving 'under the mattress' and that their finances are not good, since the lack of basic financial knowledge inhibits the ability to apply them, which leads to people use informal savings and credit methods and, even, schemes that may represent a risk to their assets ", warns the Consultative, Scientific and Technological Forum (FCCyT), in a study on Financial Education in Mexico. Proof of this is that only 47% of adults in Mexico have a bank account, and...