Banking Consultant (Summer Temp) | Waite Park, MN, USA
Join Magnifi Financial Credit Union for an enriching summer experience Are you passionate about banking and finance and looking for an opportunity to get firsthand experience in the industry? Then, applying for a temporary position at Magnifi Financial Credit Union could be the perfect stepping stone for you. This position not only offers a chance […]
Indian central bank mulls new approach to lender supervision
India’s Central Bank Looks to Revamp Supervisory Framework for Lenders In a bid to improve the banking sector’s resilience and curb potential risks, the Reserve Bank of India (RBI) is reportedly considering significant changes to its supervisory framework for lenders. Citing undisclosed sources, Bloomberg reported that the central bank plans to transition from traditional compliance […]
Most non-centrally cleared repos have zero haircuts, FSB warns
Financial Stability Board’s Warning on Non-Centrally Cleared Government Bond Repurchase Agreements The Financial Stability Board (FSB) has sounded an alarm bell regarding the potential risks inherent in non-centrally cleared government bond repurchase agreements (repos). These instruments, the FSB warns, frequently operate with zero haircuts, a practice that might expose investors and the broader financial system […]
Mutual fund study examines capital gains taxes
The Impact of Capital Gains Taxes on Mutual Funds When investors consider their options for investment vehicles, one factor that often comes into play is the potential tax implications. In the case of mutual funds, the issue of capital gains taxes can have a significant impact on both the investors and the funds themselves. The […]
Morgan Stanley’s European head of credit trading left Jain Global
The Departure of Herbert Filho Last year, Herbert Filho, the head of European credit trading and research at Morgan Stanley, made headlines when he decided to leave the bank and join the hedge fund Jain Global. This move raised eyebrows in the financial industry, as Filho was a respected figure at Morgan Stanley with a […]