UK banks restart no-deal Brexit planning

first_imgOnly 13 of the 222 banks EY tracked actually revealed a number, suggesting the real figure is far higher. whatsapp Boris Johnson, the favourite to win the Conservative party leadership contest and to become the UK’s next Prime Minister, has committed to pull the UK out of the EU with or without a deal on 31 October. Wednesday 26 June 2019 9:49 am UK banks are beginning to restart preparations for a no-deal Brexit, according to auditor EY. City banks plan to relocate 7,000 jobs to the EU, according to EY “So far, only a small proportion of the largest, listed firms have put a number on potential costs,” Ali said, “which means this number is likely to be a drop in the ocean as Firms prepare to do business post-Brexit. But banks have recommenced their plans amid the Tory leadership contest, EY’s Financial Services Brexit Tracker revealed today. Share whatsapp UK banks restart no-deal Brexit planning By the end of May, Brexit had cost major financial services firms almost £4bn, EY said. That comprised £1.3bn for the cost of relocating staff and operations, plus £2.6bn to set up non-UK headquarters. However, the total of 7,000 jobs banks expected to relocate and the £1 trillion of assets that they were moving outside the UK was flat from the last quarter, suggesting a slowdown in Brexit planning. “In the last few weeks we have seen some firms restarting their programmes and we expect preparation activity for a no-deal to increase markedly throughout the summer,” said Omar Ali, EY’s UK financial services leader. Investment banks have so far moved 1,000 jobs to the EU, EY’s research found. Tags: Brexit Read more: Regulator steps up scrutiny of fintech banks Read more: Boris challenges Jeremy Hunt to commit to 31 October Brexit “The financial impact of Brexit is beginning to fall to the bottom line, and firms are now making a direct link between financial performance and the tangible commercial impacts of Brexit.” Joe Curtis British financial institutions had paused their Brexit strategies over the past three months after the UK’s original 29 March departure date was extended until Halloween. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndo But even the 7,000 figure is much lower than predictions that numbered into the tens of thousands following the 2016 EU referendum.last_img read more

Atlanta couple stuck in the Dominican Republic while waiting on medical treatment

first_imgAdvertisementTags: associated pressAtlantaCovid-19HospitalTravel “We’ve called Tennessee, Florida, Kentucky, all the surrounding states, and they said he requires an ICU bed, but all the hospitals are saying their ICU beds are full due to COVID patients,” Fowler added, “Without having a hospital to accept him, without having an ICU bed, we’re kind of stuck in limbo.”According to federal data, in Fulton County, the most populated county in Georgia, nearly half of the total ICU beds available are full with Covid patients. Overall, 88% of the beds are taken.“It feels like we’re kind of being held hostage here because of the Coronavirus,” added Fowler, “If you get stuck in a situation where you need medical attention that can’t be provided, you have no choice but to sit and watch your loved one suffer.” ATLANTA- A couple from Atlanta is stuck in the Dominican Republic while they try to find a hospital that has room to treat them. The couple went to the Dominican Republic for their dream trip. “We didn’t make it very far into it,” said Tiffany Fowler. Her fiancé, Corey Hart, fell three stories from their hotel room balcony on January 7.“I hold it together as best as I can because I have to be strong for him, but I’ve kind of, at this point, gone numb,” said a tearful Fowler. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentsDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Mobile pediatric clinic provides COVID vaccines for children 12+ June 15, 2021 COVID-19 restrictions likely kept kids out of swim class, putting them at risk June 9, 2021center_img AdvertisementHart broke most of the bones on the right side of his body and needs surgeries that the hospitals in the DR are not equipped to perform. “I’m trying to get home,” Corey Hart said from his hospital bed.While they do have a flight ready to take him home, they cannot find a hospital in the Atlanta area that has space to take him, they are at maximum capacity with COVID-19 patients. Health Matters: Managing the Stress of COVID-19 June 7, 2021 Japan to ease COVID restrictions as country prepares for 2020 Olympics June 17, 2021 RELATEDTOPICSlast_img read more

Ex Octagon rep fined $125,000

PwC alleges deleted emails, unusual transactions in Bridging Finance case IE Staff IIROC reaches settlement with three former All Group reps serezniy/123RF Facebook LinkedIn Twitter A hearing panel of the Investment Industry Regulatory Organization of Canada has fined a former registered representative with Octagon Capital Corp. $125,000 for recommending unsuitable transactions for a client and making unauthorized purchases in that client’s accounts. In its decision and reasons dated Dec. 16, 2011, the panel found that from February 2004 to December 2007, Randall William Harding failed to use due diligence to ensure that recommendations were suitable for a client, and made unauthorized transactions in that account. BFI investors plead for firm’s sale Share this article and your comments with peers on social media Related news Keywords EnforcementCompanies Investment Industry Regulatory Organization of Canada The panel fined Harding $125,000, and ordered him to disgorge $17,861 of commissions, and pay $25,000 in costs. The panel also suspend him from registration approval for five years. IIROC formally initiated the investigation into Harding’s conduct in February 2009. The violations occurred when he was a registered rep at the Toronto branch of Octagon Capital Corp. Harding is no longer a registrant with an IIROC-regulated firm. Mouth mechanic turned market manipulator read more

Fidelity launches saving, investing account for U.S. teenagers

first_img Keywords Investing Close of businesswoman making announcement in paper trumpet 123RF Looking to draw in the next generation of investors, Fidelity Investments is launching a new type of account for teenagers to save, spend and invest their money.The account is for 13- to 17-year-olds, and it will allow them to deposit cash, have a debit card and trade stocks and funds. The teens can make their own trades through a simplified experience on Fidelity’s mobile app, with zero account fees or minimum balances, though the youth account requires a parent or guardian to have their own Fidelity account as well. Related news Bruised but unbowed: meme stock investors are back for more It’s the latest step in a broad push by the industry to draw more first-time investors into the market. Over the years, brokerages have slashed trading commissions to zero and offered easy-to-use apps in hopes of boosting the percentage of U.S. households that are in the stock market, which has climbed back above half. Holding stocks is one of the best ways to build wealth over the long term, but with that also comes risk.Want more immediate, memorable insights? Listen to this Soundbites episode, featuring Morten Springborg of C WorldWide Asset Management.Younger investors in their 20s and 30s have been taking the market by storm, with trading volumes rising across brokerages, but they sometimes get criticism for trading too quickly and rashly. Earlier this year, a loosely organized band of investors sent GameStop’s stock soaring suddenly, while communicating with each other on Reddit and other social media, only for most of the gains to evaporate before yo-yoing in the highest-profile example.Fidelity’s youth account will not put limits on how much or how often a teen can trade, though it won’t let them buy or sell cryptocurrencies, stock options or ETFs that use borrowed money to supercharge gains and losses. Fidelity’s hope is that parents and guardians will use the new youth account as a way to have conversations with their kids about how to safely invest for the long term.“There is a lack of financial literacy,” said David Dintenfass, Fidelity’s chief marketing officer and head of experience design. “People who are already Fidelity customers, they want to pass on their knowledge to their children. When we talked to them, they said they would love to have a product to develop better conversations with their children as soon as possible.”Fidelity began a pilot of the youth account program in the middle of 2020. While the sample size is admittedly small, only about a third of the pilot participants actually made trades. More of the teenagers in the pilot used their debit cards, 40%, said Jenn Samalis, senior vice president of customer acquisition and loyalty at Fidelity.The youth accounts offer educational materials for teenagers about finances, and they will transition into a standard brokerage account after the child turns 18.Nearly half of the money in the pilot accounts came from the teens themselves. Parents can monitor the teen’s trading and spending activities with the youth account, but they cannot block transactions. That separates it from custodial accounts, which are widely available, where parents and guardians control the account until turning it over to the beneficiary.“This is positioned as a way for parents to have good conversations with their children,” Dintenfass said of the new youth account. “That, I think, has led to the ideas about responsibility, and that has led to responsible behavior.” Share this article and your comments with peers on social media Global banks warn of possible losses from hedge fund default Facebook LinkedIn Twitter Associated Press Carney warns of climate exposure at RIA conferencelast_img read more

Public Accountancy Inspectorate Soon to be a Reality

first_imgRelatedPublic Accountancy Inspectorate Soon to be a Reality FacebookTwitterWhatsAppEmail Minister of Finance and the Public Service, Audley Shaw, has announced that during the next fiscal year, the proposed Public Accountancy Inspectorate will be in place within the Ministry, to act as “the eyes and ears of the Minister” with respect to the provision of critical oversight of the implementation of the budget.The Minister was addressing the Opening Ceremony of a Corporate Governance Workshop for public bodies that fall under his Ministry yesterday (October 23), at the Ministry’s Heroes Circle headquarters in Kingston.The new agency, he said will complement the work of the Contractor General’s Department, the Auditor General’s Department as well as the Public Administration and Appropriations Committee (of Parliament). “At present, there is no clear financial monitoring function of the Ministry that can give adequate substance and support to the Constitutional role of the Minister of Finance,” Minister Shaw informed.The Inspectorate was first proposed by the Finance Minister during his opening Budget presentation in April, 2008. He disclosed that the process to establish the Inspectorate is now at an advanced stage and would be in place during the next financial year, in order “to allow me to properly discharge my duties as Minister of Finance and the Public Service, under Section 24 (A)(4) of the Financial Administration and Audit Act.”Mr. Shaw explained that the Inspectorate would carry out inspection of Public Offices, programmes and projects, across all Ministries and agencies for the purpose of establishing that public funds are being expended in the most efficient, effective and economical manner and in accordance with the law.“This will provide a basis for the Minister to establish early warning systems, even before the Auditor General’s reviews, as well as serve as a means of following up immediately on issues raised and recommendations at sittings of the Public Accounts Committee (PAC) and the Public Administration and Appropriations Committee,” he emphasised.With respect to the role of the Board of Directors, the Minister advised that board members must strictly adhere to the principles of good corporate governance and maintain high levels of accountability and probity of procurement, and financial management activities in public entities. Advertisements RelatedPublic Accountancy Inspectorate Soon to be a Realitycenter_img RelatedPublic Accountancy Inspectorate Soon to be a Reality Public Accountancy Inspectorate Soon to be a Reality UncategorizedOctober 25, 2008last_img read more

GM, LG to build second U.S. battery plant in Tennessee

first_img COMMENTSSHARE YOUR THOUGHTS We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. General Motors and South Korean joint-venture partner LG Energy Solution on Friday said they will build a second U.S. battery cell manufacturing plant, revealing plans for a US$2.3-billion factory in Spring Hill, Tennessee.The planned 2.8-million-square-foot plant, scheduled to open in late 2023, will employ 1,300 people and is expected to have a production capacity similar to the companies’ Ultium Cells joint-venture plant in Lordstown, Ohio, of about 35 gigawatt-hours as they move to respond to the growing demand in the electric vehicle market.“The addition of our second all-new Ultium battery cell plant in the U.S. with our joint venture partner LG Energy Solution is another major step in our transition to an all-electric future,” GM Chief Executive Mary Barra said in a statement. The creator of GM’s Ultium battery tech talks towing, cold, and the future Trending Videos The Rolls-Royce Boat Tail may be the most expensive new car ever See More Videoscenter_img PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca LG Chem said in a regulatory filing that its LG Energy Solution unit will invest US$933.5 million in the plant between this year and 2023.GM and LG Energy Solution will use a different, less-expensive battery chemistry in Tennessee than the one from the Lordstown plant that opens next year, sources previously told Reuters.RELATED Windsor pursuing -billion EV battery plant that would employ 2,000Source have said the No. 1 U.S. automaker will need more battery plants beyond Tennessee to meet aggressive EV targets, including the projected sales of more than 1 million EVs globally in 2025. GM’s longer-range target includes halting sales of light-duty gasoline and diesel-powered vehicles by 2035.Most battery manufacturing is currently concentrated in China and Korea, while Tesla and Japanese partner Panasonic largely control most U.S. battery production.When it opens, the new GM-LG battery plant will supply batteries for the Cadillac Lyriq crossover EV that GM is slated to start building at its nearby Spring Hill assembly plant next year. LG is expected to supply the batteries from Korea until then. Supplier sources said a second Cadillac electric crossover, called Symboliq, is expected to join the Lyriq in production at Spring Hill in 2024, along with two new electric crossovers for Honda and its premium Acura brand. RELATED TAGSCadillacSUVFlexElectric CarsLuxury CarsElectric VehiclesLuxury VehiclesNew VehiclesFlexlast_img read more

Doctors at Fortis Malar conduct bilateral lung transplant on Ukrainian patient

first_img Related Posts Phoenix Business Consulting invests in telehealth platform Healpha MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” First ever instance of endo-bronchial stenting for a lung-transplant patient in IndiaFortis Malar team conducted a successful bilateral lung transplant on a patient, Kravchenko Igor from Ukraine. The challenging surgery of implanting new lungs was performed by the team led by Dr KR Balakrishnan and Senior Cardiac Anaesthiologist and Critical Care Specialist, Dr Suresh Rao. The critical care management of this patient involved the first ever case of ‘endo-bronchial stenting’ after a lung transplant in India.Dr KR Balakrishnan, Director, Cardiac Sciences, Fortis Malar Hospital, Chennai said “If on ECMO and ventilation, your oxygen saturation is less than 80 per cent for over a month, chances of successful lung transplant are very poor. In most countries, organs are denied to these patients as they are consisted beyond salvage. Igor’s recovery is a lesson for all of us. It is a lesson we have learnt on what is possible with modern intensive care and of course, a patient’s will power and determination.”Dr Suresh Rao, Head, Cardiac Anaesthesia and Critical Care, Fortis Malar Hospital, Chennai said, “Igor was on life support for a month, when the family consulted doctors abroad and did not receive clarity on the way forward since his survival chances seemed slim despite a lung transplant. But the family wanted to try their best. We had some tense moments when the bronchi developed a dehiscence in the post – operative period, which led us to perform an endo – bronchial stenting, which ultimately saved Igor. This is the first ever instance in India, of an endo-bronchial stenting being performed, for a lung transplant patient.EH News Bureau Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Share The missing informal workers in India’s vaccine story Read Articlecenter_img Doctors at Fortis Malar conduct bilateral lung transplant on Ukrainian patient Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” News WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals By EH News Bureau on August 31, 2016 Menopause to become the next game-changer in global femtech solutions industry by 2025last_img read more

Final Day to Pay Property Tax Before 10% Penalty Applies

first_imgRelatedFinal Day to Pay Property Tax Before 10% Penalty Applies FacebookTwitterWhatsAppEmail Tomorrow, June 30 is the final day for property owners to pay their property tax for the 2010 – 2011 fiscal year, before a 10% penalty is applied for late payment.In May, the Tax Administration had announced that persons were being given an additional two months, to June 30, to pay their property tax for the current year, failing which, a 10% penalty will be automatically applied by the administration’s computer system on July 1.To date only 30% of property owners have made payments for the current period. All other persons are therefore urged to take advantage of the remaining day to pay and avoid the 10% penalty, as no further extension will be granted.Payments may be made at any of the 29 tax offices located across the island. It should be noted that the major tax offices are equipped with electronic drop boxes which may be used to make cheque payments, instead of joining the cashier line.Alternately, Property Tax payments may be made via the Tax Administration’s Tax Portal at www.jamaicatax-online.gov.jm. The online payment facility offers a very convenient option as it gives access to persons both locally and overseas on a 24 hour basis. Online users need to have the valuation number(s) of the property(s) and a valid major credit card.The Tax Administration will be embarking on a drive to collect outstanding property tax for 2010 – 2011, as well as for previous years. Persons are therefore urged to settle their outstanding amounts to avoid action being taken against them.For more information local callers may contact the Tax Administration Customer Care Centre toll-free at 1-888-TAX-HELP (1-888-829-4357), while persons calling from the United States may call 1-888-GO-JATAX (1-888-46-52829); Persons may also email [email protected] or visit www.jamaicatax.gov.jm for further details. Advertisements RelatedFinal Day to Pay Property Tax Before 10% Penalty Appliescenter_img RelatedFinal Day to Pay Property Tax Before 10% Penalty Applies Final Day to Pay Property Tax Before 10% Penalty Applies Finance & Public ServiceJune 29, 2010last_img read more

JIS Sponsors Benefit Performance for Outreach Project

first_imgAdvertisements By Christine Ade-Gold, JIS Reporter RelatedJIS Sponsors Benefit Performance for Outreach Project RelatedArchives Critical to Jamaica’s History FacebookTwitterWhatsAppEmail KINGSTON — The Jamaica Information Service (JIS), in association with FunHouse Productions, invites patrons to a benefit performance of the romantic comedy, “Stop Dat Train”, on Saturday August 13, at the Pantry Playhouse, Dumfries Road in New Kingston. The performance is in aid of the Mount Olivet Boys’ Home in Manchester, and will start at 8 p.m. “Stop Dat Train”, is a comedy written by Angie Binns, which takes the audience back in time to relive romance in a tiny rural village “untouched by the fast paced madness of the outside world”. It features well known actors Winston “Bello” Bell and Teri Salmon, and is directed by David Tulloch. The Mount Olivet Boys’ Home was adopted by the JIS, as an outreach project in December 2009. It houses approximately 30 boys, aged six to 17. Over the period, the JIS has implemented a mentorship programme at the Home involving JIS staff members, which has yielded positive results. The agency also visits the home on a quarterly basis, and has hosted work days, fun days and sporting activities. The support of Corporate Jamaica has significantly aided the outreach project. This time media houses have also thrown their full support behind the project. With the Back to School period now in full swing, the JIS is hoping for a packed house to see “Stop Dat Train”. Tickets are available at the JIS, 58A Half Way Tree Road, Kingston 10 from Christine Ade-Gold and Joan Gayle. JIS Sponsors Benefit Performance for Outreach Project InformationAugust 8, 2011 RelatedJIS Sponsors Benefit Performance for Outreach Projectlast_img read more

Lottery Scammers Could Be Extradited – Minister Bunting

first_imgRelatedLottery Scammers Could Be Extradited – Minister Bunting Lottery Scammers Could Be Extradited – Minister Bunting National SecurityMarch 14, 2013 FacebookTwitterWhatsAppEmail National Security Minister, Hon. Peter Bunting, has indicated that persons involved in the lottery scam could face extradition to the United States (US), to face charges. “There is a close working relationship and joint investigations taking place…so it would not surprise me if any of these resulted in an indictment in the US and a subsequent extradition request,” the Minister said, as he addressed journalists at a press briefing at the Office of the Prime Minister, on Thursday, March 14. Mr. Bunting pointed out that the idea of extradition came up repeatedly during the hearing of the recent US Senate Special Committee on Ageing, which discussed the Jamaican lottery scam and its effect on seniors. He said the US Senators believe that extradition would be an effective tool in helping to send a signal to scammers, that the US law enforcement was taking the issue seriously. The Minister met with members of the US Congress to submit the Government of Jamaica’s sworn testimony to the committee outlining Jamaica’s efforts to fight lottery scammers. “The fact that we were able to demonstrate so many tangible initiatives in just the last twelve months, I think, help in making the case that it was now getting the attention it deserves,” Mr. Bunting said. In the meantime, the Minister is hoping to see increased numbers of successful prosecutions, once the new Law Reform (Fraudulent Transactions) (Special Provisions) Act, 2013, which targets scammers, comes into effect later this month.“Hopefully, you may even see some prosecution in the United States and collectively, I think, this will have a powerful deterrent on the activity,” Mr. Bunting added.The new legislation is expected to be passed in the Senate on Friday, March 15, before being signed by the Governor General and gazetted to become law.Justice Minister, Senator the Hon. Mark Golding, said the Bill has received a favourable response from the Business Process Outsourcing Industry Association and players in the remittance business.“They were relieved to see that something was at last being done to strengthen legislative framework,” Senator Golding said.By Andrea Braham, JIS Reporter RelatedLottery Scammers Could Be Extradited – Minister Buntingcenter_img RelatedLottery Scammers Could Be Extradited – Minister Bunting Advertisementslast_img read more