Day: September 24, 2020

tZERO Appoints Former Nasdaq EVP John Jacobs to its Board of Directors

Senior Business Leader Brings Decades of Financial Services Expertise

tZERO, a leader in financial innovation and liquidity for private companies, announced today that former Executive Vice President (EVP) and Chief Marketing Officer (CMO) of Nasdaq, John Jacobs, has joined tZERO’s Board of Directors as its newest member. Jacobs is known for his business success and expertise in working with institutional investors, IPOs, and global public companies. tZERO’s board now has five directors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005438/en/

John Jacobs, tZERO’s Newest Director (Photo: Business Wire)

Jacobs has a strong leadership background and has served Nasdaq in a variety of positions, starting his career with the firm in 1983. He most recently served as Senior Advisor and Principal Consultant to Nasdaq’s CEO and President, where he was responsible for reviewing potential opportunities in the index and data business, and supporting product and business development efforts.

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After HDFC and ICICI Bank, the People’s Bank of China now invests in Bajaj Finance



a sign on the side of a building: After HDFC and ICICI Bank, the People's Bank of China now invests in Bajaj Finance


© India Today Group
After HDFC and ICICI Bank, the People’s Bank of China now invests in Bajaj Finance

KEY HIGHLIGHTS

  • This is the third investment by the Chinese Central Bank in the financial services company in India.
  • In March this year, the People’s Bank of China increased its stake in the HDFC Ltd to over 1 per cent.
  • There is no bar on Chinese portfolio investment in India, but relations between the two countries have worsened in last six months.
  • Expert suggest that it makes a good sense for Chinese Central Bank, which is flush with funds, to diversify part of its war chest in countries like India

After mortgage lender HDFC Ltd and private sector ICICI Bank the People’s Bank of China has now made equity investment in one of India’s largest NBFCs Bajaj Finance. The Chinese Central bank’s investment in mortgage lender HDFC Ltd had created a

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Raging fire rips through Braintree insurance business

A raging fire tore through a business in Braintree early Tuesday morning.



a fire truck that is driving down the street: Braintree fire


© Provided by WCVB Boston
Braintree fire

The two-alarm fire happened at Frye Insurance Agency at 1579 Washington St.

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Greg Blume and Peter Carloni have owned the business since 2012.

“Shocked. It was in full blaze at that point,” Carloni said.

“My wife it actually saw it on Channel 5 — the flames coming out of the building,” said Richard Frye, one of the original owners.

Frye spent the morning trying to salvage some precious memories among the charred rubble.

“There is a lot of history. My father was here with me. My brother came in here occasionally, so it was really quite something to look back at,” Frye said.

Fire investigators say it’s still too early to tell what caused the fire, although its origin points to an outside porch.

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The 2020 Election & Your Money

With the U.S. election on the horizon, many investors may be wondering what they should be doing with their investments before Nov. 3.

What’s Morningstar’s take? Do nothing–or at least do nothing with your portfolio that has anything to do with whom you expect to win. Your time horizon and goals should determine what your portfolio looks like. Who is in the White House should have nothing to do with it.

That being said, investors shouldn’t pretend Election Day doesn’t exist. In fact, now is a good time to take a step back and make sure you are comfortable with your asset allocation, given that we are likely to experience a good dose of volatility in the weeks (and perhaps months) ahead.

Further, the election’s outcome may have policy ramifications for investors and their money over the long term. Those may include retirement-related issues, such as Social Security’s solvency and

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What Does ‘APR’ Mean On Loans And Credit Cards?

You’ll see APR used in conjunction with several different financial products, including credit cards, loans and hire purchase agreements. But what does it actually mean and how does it work? In this guide, we explain all you need to know.

What is APR?

APR stands for Annual Percentage Rate, and it’s the official interest rate used for borrowing on a credit-based product. It takes into account the headline rate of interest you’ll pay as well as any additional charges or fees.

In other words, it’s a standardised way of showing the cost of borrowing over a year.

The APR will be expressed as a percentage of the amount you’ve borrowed and is calculated using a formula outlined in the Consumer Credit Act (1974). Each lender must abide by this, making it a useful way to compare products such as a loans and credit cards on a like-for-like basis.

It’s

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