LND topic: banks page 54

banks

Math Controversy: NYC Skips Bidding for New Curriculum

December 15, 2024

In a surprising move, New York City's Department of Education (DOE) didn't open up bidding for a new math curriculum, called "Illustrative Math. " Instead, they chose this program for a $34 million initiative called "NYC Solves. " This decision has raised some eyebrows, especially among other curric

politics

Education Secretary's Warning: Trump's Plan Could Derail Equal Opportunities

December 14, 2024

Miguel Cardona, the outgoing U. S. Education Secretary, is raising alarms about former President Donald Trump's plan to abolish the Education Department. Cardona, who started as a fourth-grade teacher and became the first Latino education commissioner in Connecticut, believes this move could harm st

finance

Bank of America’s Delayed Alert on Epstein Payments Raises Questions

December 14, 2024

In 2020, Bank of America informed financial regulators about suspicious payments made by billionaire Leon Black to Jeffrey Epstein, the late accused financier. The bank filed two reports, known as “suspicious activity reports” (SARs), with law enforcement. These reports are meant to flag potential c

business

Affirm’s New Funding: A $4 Billion Boost for Buy Now, Pay Later

December 14, 2024

Affirm Holdings, a popular buy now, pay later company, just scored a massive deal. Private credit firm Sixth Street is investing $4 billion over the next three years to help Affirm make more loans. These loans are typically for four to six months, and the deal could lead to over $20 billion in loans

business

Speeding Up Truck Payments: A Look at Instant Payment Tech

December 14, 2024

In the world of trucking, getting paid quickly has always been a challenge. The freight industry often relies on factoring to ensure carriers get their money fast. But this process hasn't changed much over the years, and it still faces delays, especially over weekends and holidays. One company, Out

environment

The Power of Green Money: How Banks and Bonds Boost Renewable Energy in Developing Nations

December 13, 2024

Imagine you're in a classroom learning about how money can help save the planet. This study dives into how green finance—money specifically set aside to help the environment—affects renewable energy in developing countries. Think of it like a big puzzle with pieces called green bonds, investments in

finance

Bank Overdraft Fees: A New Limit is Coming

December 12, 2024

Imagine having to pay $35 just for buying a $5 coffee with your debit card when you're a bit short on funds. Sounds unfair, right? Well, the Consumer Financial Protection Bureau (CFPB) thinks so too. They've just announced a new rule to limit those nasty overdraft fees. The rule says banks can't cha

crime

Vietnam's Biggest Fraud Case: Tycoon Truong My Lan's Fate Sealed

December 3, 2024

Let's talk about one of the biggest fraud cases in Vietnam. Truong My Lan, the chairperson of Van Thinh Phat real estate firm, was at the center of it all. The court upheld her death sentence, and the story behind it is quite shocking. Lan was accused of embezzling and bribing her way to control Sai

health

How Hormones Affect Bone Health in Women

December 1, 2024

Ever wondered how hormones like sex hormone-binding globulin (SHBG) and bioavailable testosterone (BioT) impact women’s bone health? A study explored this using a unique method called Mendelian randomization (MR), focusing solely on women. The MR study took a close look at forearm fractures (FAFx) i

business

Florida Condo Owners: A New Hope with Developer Buyouts

November 30, 2024

Florida’s condo market is facing a big change. By the end of this year, condo associations must have a structural reserve study done. This means finding out how much money is needed for repairs and maintenance over the next 10 years. It’s a lot of money, sometimes in the millions. Condo owners will