JP Morgan confirms London as its EU headquarters

first_img whatsapp Share alison.lock INVESTMENT bank JP Morgan has confirmed it will base its European headquarters in London, at 25 Bank Street in Canary Wharf, from 2012.The announcement is a major vote of confidence in London as a leading financial services centre and will come as a relief to policymakers.The bank has paid £495m to acquire more than one million square feet of floor space that will host its entire investment banking division, currently spread over four buildings in London.“This acquisition is a long-term investment and represents part of our continued commitment to London as one of the world’s most important financial centres,” said Jamie Dimon, chairman and chief executive of JP Morgan. Boris Johnson, Mayor of London, said the decision was “a tremendous coup for London and for the UK, which rightly reflects the prevailing confidence in the capital.”“Banking is one of the few global industries in which we truly excel,” he said. “JP Morgan’s commitment to London will help ensure the capital retains its position as a banking powerhouse, which drives the UK economy and attracts the brightest and best stars from the financial world.”Construction work will start immediately to make the building ready for the bank’s use in 2012.JP Morgan joins other firms such as KPMG, Fitch, Mastercard and Moodys at Canary Wharf. Its additional staff means the working headcount of Canary Wharf will rise above 100,000 for the first time, the former owner, Canary Wharf Group said. Monday 20 December 2010 3:56 am Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Show Comments ▼ JP Morgan confirms London as its EU headquarters Tags: NULLlast_img read more

Margarine Industries Limited (MIL.mu) Q32013 Interim Report

first_imgMargarine Industries Limited (MIL.mu) listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2013 interim results for the third quarter.For more information about Margarine Industries Limited (MIL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Margarine Industries Limited (MIL.mu) company page on AfricanFinancials.Document: Margarine Industries Limited (MIL.mu)  2013 interim results for the third quarter.Company ProfileMargarine Industries Limited is a Mauritian company that focuses on the manufacturing, distribution and sale of margarine and other related products. The company also engages in the import and distribution of dried foodstuffs such as concentrated juices, fruit juices, canned foods, rice, biscuits, syrups, UHT milk, chocolate spread, yeasts, cereals, and honey. Margarine Industries Limited handles its business under two segments, which are manufacturing and trading. Margarine Industries Limited is listed on the Stock Exchange of Mauritius.last_img read more

Love to be investing in gold? Here’s how you can tap into the rising price

first_img Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Andy Ross | Wednesday, 26th August, 2020 | More on: CEY GGP SCIN I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Andy Ross Love to be investing in gold? Here’s how you can tap into the rising price Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Analysts at UBS predict that the price of gold could rise significantly, up to $2,300 per ounce. If you love the idea of investing in gold but don’t know the best way, then you’re not alone. These are some of the ways to get exposure to the likely rise in the price of gold without having to buy gold bars themselves, which are difficult to store and don’t pay dividends.The trust with big holdings in gold majorsOne way is through the Scottish Investment Trust (LSE: SCIN). Its top three holdings are all gold miners. These are Newmont, Barrick Gold and Newcrest Mining. The former is the world’s largest gold miner and has recently exceeded analyst expectations with its results that were massively up. This was due to the higher gold price. Barrick and Newcrest are also major players, so the Scottish Investment Trust gives you an investor a stake in some very cash generative, profitable miners.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Another upside is, of course, that as a trust, it’s not just miners you get exposure to. It invests in other good companies on a global basis, some of which are large FTSE 100 names like Tesco and BT. Therefore, investing in it is (in my view) less risky, but it’s also slightly less tied to the price of gold.Tracking the commodity priceIf you want to be more in sync with the rising price of gold, then a gold ETF, or ETC, might be a preferable investment. These will track the price of the commodity and the charges are often very cheap, which is a benefit. There are many to pick from but examples include Invesco Physical Gold ETC and iShares MSCI Global Gold Miners ETF.I’d suggest only buying gold using this method if you are very confident of a rising gold price. It doesn’t offer any diversification as a method for gaining exposure to the gold price. Historically, like most commodities, the price has tended to fluctuate. In the short term though, if analyst predictions are right (which is a big ‘if’) then this could be a good way of directly tracking the price of gold.Investing in gold diggersIf you prefer to own an individual miner then I’d suggest looking at Centamin (LSE: CEY) or Greatland Gold (LSE: GGP). The former is a FTSE 250 miner with its main asset being in Egypt. It mines about 480,000 oz of gold. The shares have become much more expensive versus their historic figures, as a result of more investors wanting to own gold miners.Greatland Gold is an AIM company. The business has been listed since 2006 but its mining is in Australia. It has relationships with big players such as Newmont, which could become very valuable in the future. Its projects are mainly early stage and so this is a more speculative way to invest in gold, in my opinion.Investing in gold isn’t easy, but I believe these are some of the best ways to do it.  Andy Ross owns shares in the Scottish Investment Trust. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. Simply click below to discover how you can take advantage of this.last_img read more

Jamie Heaslip cracking hit on Bernardo Stortoni

first_imgSunday Apr 26, 2009 Jamie Heaslip cracking hit on Bernardo Stortoni Leinster beat the Glasgow Warriors 36-13 in the Magners League on Saturday, scoring four second half tries which should give them some much needed momentum and confidence ahead of their upcoming Heineken Cup semi-final meeting with Munster.Glasgow were looking good in the first half, leading 13-8 at halftime after tries from Kelly Brown and Lome Fa’atau.The second half was a different affair though as last seasons Magners League champions pulled clear after tries by Shane Horgon, Jonathan Sexton, and two for Sean OBrien.In the first half Leinster and Ireland number eight Jamie Heaslip put this excellent hit in on Glasgows fullback Bernardo Stortoni.The new Lion timed the chase perfectly and smashed Stortoni as he landed from taking the high ball.It was an excellent hit that resulted in the turnover, and then the penalty. ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedDoctors Stunned: She Removes Her Wrinkles With This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueey30+ Everyday Items with a Secret Hidden PurposeNueey10 Types of Women You Should Never MarryNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel ADVERTISEMENT Trending 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 Great Tries 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 1 WEEK AGO Veainu finishes superb try after octopus style offload from Waisea 2 WEEKS AGO FULL MATCH REPLAY: Huge stars on show when All Blacks host Pacific Island XV in 2004 2 WEEKS AGO WATCH: Hooker produces ridiculous speed to score 60-metre wonder try for Hurricanes View All Big Hits & Dirty Play 1 DAY AGO Awesome new Etzebeth montage will have Springboks fans psyched for Summer Lions tour 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 1 WEEK AGO AWESOME video shows the very biggest and best tackles of the 2020/21 season View All See It To Believe It 4 DAYS AGO Cheetah racer Habana reveals what was actually going through his mind that day 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash View All Funnies 2 WEEKS AGO Joe Marler elated in special interview as fans return to The Stoop 2 WEEKS AGO WATCH: One of the luckiest and most bizarre tries you will EVER see 2 WEEKS AGO WATCH: Reds players caught out in hilarious celebration blooper vs Chiefs 2 WEEKS AGO WATCH: Faz, Piutau and Burns star in hilarious try fail compilation 4 WEEKS AGO MLR: Giltinis howler sees try overruled despite attempts to celebrate View All Amateur 32 WEEKS AGO Viral video of Scottish club brawl goes down a storm with rugby community 69 WEEKS AGO RUGBYDUMP BLITZ: This Best of the Week round up is sure to entertain you 69 WEEKS AGO RD BLITZ – Disaster, just when it looked so promising… 69 WEEKS AGO That glorious moment that will live on forever, like it or not 69 WEEKS AGO RD Blitz – PROP’S Lionel Messi wizardy creates incredible try View All Player Features 16 WEEKS AGO WATCH: Bumping off tacklers and taking high balls, Rob Kearney had an impressive Super Rugby debut 21 WEEKS AGO Brian Moore on money in modern rugby and how it should never be compared to ‘outlier’ football 22 WEEKS AGO Tuisova’s wrecking ball montage will make you grateful you never made it as a pro 28 WEEKS AGO New Zealand rugby pod admit Owen Farrell is world class 29 WEEKS AGO WATCH: Bath prop launches Amazon documentary focused on those from non-traditional backgrounds View All Related Content from the RugbyPass Network ‘What you do today is how you’re going to be remembered’: Spirit of Rugby – Ep 5 In Spirit of Rugby episode 5, Jim Hamilton talks Lions with Matt Dawson, Jeremy Guscott, Rob Kearney, Simon Shaw, Tom Croft and John Bentley. Watch: Reforging the Steelers | Episode 2 | RugbyPass Original Documentary In Episode 2 of Reforging the Steelers, we follow the team through rounds two to four as they try to get their season on track after an opening loss to competition powerhouses Tasman. Leinster finish with Rainbow flourish as fans attend RDS for first time in 16 months Retiring duo Scott Fardy and Michael Bent bowed out on a winning note as Leinster finished the Rainbow Cup with a victory over Dragons. Final round of the Gallagher Premiership hit by a second match cancellation The final round of the Premiership lost the Worcester-Gloucester match on Tuesday and now Bristol versus London Irish is off. Crusaders player ratings vs Rebels | Super Rugby Trans-Tasman Which Crusaders stood out in their 26-point win over the Rebels in the final round of Super Rugby Trans-Tasman? Shock result: Crusaders left to rue costly errors with win over Rebels not enough for final guarantee In a shock result, the Crusaders have failed to record the requisite winning margin needed over the Rebels to book themselves a spot in the Super Rugby Trans-Tasman final and are now reliant on the Blues dropping the ball against the Force. Jamie Heaslip cracking hit on Bernardo Stortoni | RugbyDump – Rugby News & Videos RugbyDump Home RugbyDump Academy Store About Contact Legal Privacy Policy Cookie Policy Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features RugbyDump Home RugbyDump Academy Store About Contact Sitemap Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features Legal Privacy Policy Cookie Policy Sign In Username or Email Password Stay logged in Forgot password Thank you for registering Click here to login Register Register now for RugbyDump commenting & enewsletter. * Required fields. Username * Password * Email * Password Repeat * Please send me news, information and special offers from RugbyDump By clicking register you agree to our Privacy Policylast_img read more

GlaxoSmithKline IMPACT Awards offer £35,000 to spend how you want

first_img Howard Lake | 8 July 2010 | News GlaxoSmithKline IMPACT Awards offer £35,000 to spend how you want AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Funding About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. The GlaxoSmithKline IMPACT Awards, which recognise and reward charities that are doing excellent work to improve people’s health, are now open for entries. They offer £35,000 to an overall winner, £25,000 to nine other winners, and £5,000 or £3,000 to up to ten organisations that are highly commended or runners up.Unusually, and attractively for charities, the winners decide how to use the award money. The prizes are unrestricted income, so you do not need to enter a particular or new project to qualify. Organisers GlaxoSmithKline and The King’s Fund say that “the awards are designed to recognise success and achievements for existing work”.The awards are open to registered charities that are at least three years old, working in a health-related field in the UK, and have a total annual income of between £10,000 and £1.5 million.The deadline for applications for the 2011 awards is 17.00 on 24 September 2010.www.kingsfund.org.uk/current_projects/gsk_impact_awards/  20 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Cleveland baseball team finally retires racist name, mascot

first_imgClevelandIt’s official. And it’s about time.After months of discussions and rumors, Cleveland’s Major League Baseball team announced Dec. 14 that 2021 would be the last season for the racist, offensive name “Indians.” With it will go the team’s demeaning mascot, which was being phased out after it was taken off player uniforms in 2018.Credit: Committee of 500 Years of Dignity and Resistance, Facebook“For six decades, our community has fought tirelessly to be recognized as diverse and vibrant, instead of portrayed in inaccurate and harmful ways,” said the  Cleveland Indigenous Coalition after the team’s announcement. “By agreeing to change the team name away from Indigenous themes, the Cleveland baseball team is helping to create a place where Native American children and their families feel valued and fully seen.” The Cleveland Indigenous Coalition consists of four Northeast Ohio organizations: American Indian Movement of Ohio, the Committee of 500 Years of Dignity and Resistance, Lake Erie Native American Council and the Lake Erie Professional Chapter of the American Indian Science and Engineering Society. The Committee of 500 Years was formed around protesting the 500-year anniversary of the destructive arrival of Columbus in 1992. It then began a decades-long struggle, picketing Opening Day year after year, to get the Cleveland team to drop its name and official mascot. Activists were arrested on more than one occasion, including for burning “Chief Wahoo” in effigy. Credit: Committee of 500 Years of Dignity and Resistance, FacebookEarlier attempts were made to hold the team accountable for its racist caricature of Indigenous people, including a 1972 lawsuit brought by Cleveland Indian Center Director Russell Means, who was also a leader of the American Indian Movement.Why now?The team has claimed the name was chosen to honor Louis Sockalexis, who was reportedly the first Indigenous player in major league baseball. But team owners, seeing the growing popularity of names like “Boston Braves,” were more likely making a business decision when they renamed what had been called the Cleveland Spiders. “It’s a great move on behalf of major league baseball to recognize the fact that dehumanizing any race or any creed of man is wrong,” said Chris Sockalexis, when the phaseout of the mascot began in 2018. Sockalexis is a tribal historic preservation officer with the Penobscot Nation and a descendant of the famed player. (CBC.ca, Jan. 29, 2018)This latest victory follows last year’s decision by the Washington Football Team — as it is now known — to discard its previous name, a slur against Indigenous people. Until recently, both the Washington and Cleveland teams had been steadfast in their refusal to break with “tradition” — and risk losing millions of dollars in sales of merchandise featuring their team logos.Opening Day protest, Cleveland, April 1, 2019What is different this year? The multinational Black Lives Matter upsurge has challenged every aspect of white supremacy, including the genocide against Indigenous people and the land theft that went with it. Even the sports industrial complex has had to make concessions.The fight over racist team names and mascots is anything but over. As the Committee of 500 Years points out on Facebook: “There are nearly 200 schools in Ohio with a harmful, racist Native American sports mascot/team name.” A struggle in Parma, a local suburb, to get the high school to change its football team’s name and logo is still unresolved.But for now, good riddance to “Chief Wahoo”! FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Vet Calls for US to Stop Importing Soy-based Products from China…

first_imgHome Indiana Agriculture News Vet Calls for US to Stop Importing Soy-based Products from China to… Facebook Twitter Vet Calls for US to Stop Importing Soy-based Products from China to Reduce ASF RiskAs African Swine Fever (ASF) continues to deteriorate the hog herd in China and throughout Asia and Europe, many here in the US believe that it’s a matter of when, not if, ASF makes its way here. Dr. Scott Dee with Pipestone Veterinary Services, a presenter at last week’s Midwest Pork Conference held in Danville, IN, disagrees.“I don’t think so. I think with the things that are happening at the customs and border protection with more beagle dogs, I think the more awareness that people have and the biosecurity levels at their farm, and then the research we’ve conducted on the risk of feed, that’s being evaluated now as another potential avenue of the virus, we’re doing some things to reduce that risk. So, I think we’re going to keep it out.”The research Dee referenced is being conducted to find out how well ASF, and other foreign animal diseases, can survive on a 30 to 37-day trek across the ocean from Asia or Eastern Europe to the US. The laboratory test, where they can simulate weather and movement conditions over land and sea, showed that soy-based products, for some reason, protect the virus and allow it to live longer.Dee believes, based on the research, that the US government should intervene and disallow soy-based products from China to eliminate that risk.“The grains in China are harvested and they’re put on the ground. They’re allowed to get contaminated, accidentally, just from the environment, and those are the ingredients I think we really have to worry about. I think the government would be helpful if we could possibly stop that.”Dee added that it wouldn’t be hard to do.“We only brought in, in 2018, 104,000 metric tons of soy-based products (from China). We exported over 48 million metric tons of soy-based products. So, it’s such a teeny little piece of the pie, let’s just make it ourselves. Let’s just use our own great soy technologies and varieties and make our own.”Dee reiterated that preventative biosecurity measures on the farm are key to preventing any foreign animal disease. He believes that an ASF vaccine is still “years away”. Facebook Twitter SHARE By Eric Pfeiffer – Dec 10, 2019 Previous articleExtreme Weather Leads to Silage Mycotoxin ConcernsNext articlePerdue Credits Trade Negotiators on USMCA Break on the HAT Wednesday Morning Edition Eric Pfeiffer SHARE Vet Calls for US to Stop Importing Soy-based Products from China to Reduce ASF Risklast_img read more

It’s a promise – potholes’ days are numbered

first_imgTwitter WhatsApp Advertisement Previous articleShop, cook and eat smartNext articleMunster army march on to semi final admin Facebook NewsLocal NewsIt’s a promise – potholes’ days are numberedBy admin – April 9, 2010 510 center_img Email Linkedin Print GIANT potholes continue to anger residents in Stenson Park, off Thomondgate.However, there is a ray of light in that city council is on the verge of taking over the estate. Residents have been up in arms about the potholes, which are located in each avenue of the housing estate and are a dangerous hazard to motorists and to tyres.Sign up for the weekly Limerick Post newsletter Sign Up Over the past number of months, the residents have frequently contacted this newspaper to highlight the issue, and called on the Mayor of Limerick, Cllr Kevin, Kiely, Deputy Willie O’Dea, who has a clinic in the locality, Cllr Maurice Quinlivan and other northside councillors, to have the issue attended to as a matter of urgency.Each of the politicians mentioned was given an assurance that the potholes would be filled in and repaired in the short, rather than the long term.On a visit to Stenson Park earlier this week, this reporter’s car almost disappeared into one of the crater-like potholes while negotiating a bend, and on taking a different exit route later, had to drive at snail’s pace to avoid serious damage to the car.However, on contacting senior roads engineer, Vincent Murray, a firm assurance was given that urgent attention is being given to progressing road works in Stenson Park.“The situation is that Stenson Park was never taken in charge and the council is now awaiting one piece of information that is crucial to us being able to take over the estate and implement various works that are required,” he told the Limerick Post.“Until we receive the information required, we don’t have the legal status to go in there but we are confident that we will have everything required very shortly. It’s unfortunate that the estate is coming into our charge so late and was left to deteriorate – if the developer was still around, we would be getting him to attend to carry out works“We expect to be able to go into Stenson Park in April or May at the latest and commence a phased programme of road and footpath repair, including the potholes”.Mr Murray agreed that given that the potholes in Stenson Park are particularly deep and widespread, temporary repair work can be undertaken before the programme of upgrading work commences.This picture, submitted by Gerry Neill, Stenson Park resident, illustrates the issue even further that road users face in the area. last_img read more

Fitch Examines Wells Fargo’s Servicing Improvements

first_img The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Fitch Examines Wells Fargo’s Servicing Improvements Wells Fargo Home Mortgage (WFHM) has received an overall stable outlook from Fitch Ratings. Fitch affirmed WFHM residential primary servicer rating for Prime, Alt-A, and Subprime products at ‘RPS1-‘; Outlook Stable.According to Fitch, the ratings and Outlooks reflect the WFHM’s ongoing continuous platform and enterprise risk management improvements, technology enhancements, and its experienced senior management team and staff.Fitch states that as of December 31, 2018, WFHM serviced approximately 7.8 million loans totaling $1.46 trillion. This includes approximately 6.9 million agency loans totaling $1.15 trillion, approximately 748,000 owned portfolio totaling $276 billion, approximately 127,000 non-agency RMBS loans totaling $23.2 billion and approximately 38,000 third-party serviced loans totaling $6.27 billion. Fitch also notes that WFHM’s overall delinquency rate fell to 4.86 percent from 6.36 percent year over year with a corresponding staff reduction of approximately 13 percent.Recently, Wells Fargo CEO Tim Sloan announced his retirement, less than three years into his tenure running the bank. Sloan will step down at the end of June.Allen Parker, Wells Fargo’s General Counsel, will serve as interim CEO and President while the bank searches for a long-term replacement.“In my time as CEO, I have focused on leading a process to address past issues and to rebuild trust for the future,” Sloan said in a statement. “We have made progress in many areas and, while there remains more work to be done, I am confident in our leadership team and optimistic about the future of Wells Fargo.” He added that his resignation came in part because “our ability to successfully move Wells Fargo forward from here will benefit from a new CEO and fresh perspectives. For this reason, I have decided it is best for the Company that I step aside and devote my efforts to supporting an effective transition.”“Tim Sloan has served this company with pride and dedication for more than 31 years, including in his role as CEO since October 2016,” said Wells Fargo Board Chair Betsy Duke in a statement. “He has worked tirelessly over this period for all of our stakeholders in the best long-term interest of Wells Fargo.”  Print This Post Tagged with: Servicing Wells Fargo Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicing Wells Fargo 2019-04-10 Seth Welborn Home / Daily Dose / Fitch Examines Wells Fargo’s Servicing Improvements The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: The Profitability of House Flipping Next: Affordability Challenges and Optimism: The Housing Market’s Road Ahead Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News, Secondary Market Subscribe April 10, 2019 1,482 Views Share Save Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Punjab & Haryana High Court Sets Aside Govt Nod To Transfer Panchayat Land To Pvt Developer

first_imgNews UpdatesPunjab & Haryana High Court Sets Aside Govt Nod To Transfer Panchayat Land To Pvt Developer LIVELAW NEWS NETWORK15 Feb 2021 9:54 PMShare This – xThe Punjab and Haryana High Court quashed an order passed by the Punjab Government permitting the exchange of over 42 kanals of gram panchayat land abutting Airport Road in Mohali with another chunk owned by a coloniser. “The entire process of exchange of land smacks of mala fide as its real purpose is to give benefit to the coloniser/developer, who would later sell the same in the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Punjab and Haryana High Court quashed an order passed by the Punjab Government permitting the exchange of over 42 kanals of gram panchayat land abutting Airport Road in Mohali with another chunk owned by a coloniser. “The entire process of exchange of land smacks of mala fide as its real purpose is to give benefit to the coloniser/developer, who would later sell the same in the shape of plots/flats/houses at exorbitant rates,” the Bench of Justice Rajan Gupta and Justice Karamjit Singh ruled. What the Bench said The Bench asserted that the gram panchayat land was abutting the 200-foot-wide “PR-9” road, which approached the Mohali International Airport. It was highly valuable, being useful for industrial and commercial purposes, compared to the land the gram panchayat would get in its exchange from the private developer. The Bench asserted that the gram panchayat land was abutting the 200-foot-wide “PR-9” road, which approached the Mohali International Airport. It was highly valuable, being useful for industrial and commercial purposes, compared to the land the gram panchayat would get in its exchange from the private developer. “Viewed from any angle, the exchange of gram panchayat land cannot be justified, it being only for the benefit of the private developer and, thus, it cannot be sustained,” the Bench added, while also setting aside impugned resolutions passed by the gram panchayat permitting the exchange of its land in violation of the statutory provisions of law. Referring to the provisions of law, the Bench asserted that it was necessary for the gram panchayat to apply its mind and satisfy itself that the exchange was for the benefit of the inhabitants. However, such satisfaction was not recorded by it while passing the impugned resolutions. The Bench added that a village gram panchayat, being democratically elected by the inhabitants, was under duty to watch their interests. In the case in hand, the gram panchayat failed to show that the proposed land exchange was for the benefit of the village residents. Anybody prejudicially affected by the acts or omissions committed by the gram panchayat could invoke writ jurisdiction, even though he may not have proprietary interest in the subject matter. The Bench observed that both the chunks of equal area to be exchanged were situated in Drari village in Mohali district. A drain for disposal of sewage was abutting the developer’s land and the foul smell could be a permanent source of nuisance for the adjoining landowners. At the same time, the drain was more than six acres away from the gram panchayat land proposed to be given in exchange. “This clearly shows that the private coloniser/developer intends to get rid of his land, which is unfit for residential purposes being near the aforesaid drain. In lieu of the land, he would get prime land abutting the 200-foot-wide PR-9 road, having high commercial and industrial potential,” the Bench added. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more