Fund – Bon Appetit Online http://bonappetitonline.com/ Fri, 08 Oct 2021 18:22:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bonappetitonline.com/wp-content/uploads/2021/05/bon-appetit-online-icon-150x150.png Fund – Bon Appetit Online http://bonappetitonline.com/ 32 32 Upstart and artificial intelligence: a match made to disrupt https://bonappetitonline.com/upstart-and-artificial-intelligence-a-match-made-to-disrupt/ https://bonappetitonline.com/upstart-and-artificial-intelligence-a-match-made-to-disrupt/#respond Fri, 08 Oct 2021 18:22:00 +0000 https://bonappetitonline.com/upstart-and-artificial-intelligence-a-match-made-to-disrupt/

Holdings reached (NASDAQ: UPST) has attracted a lot of attention from Wall Street. The share price has climbed over 940% since the company went public in December 2020. And the driving force behind those gains is Upstart’s future growth prospects.

In this Backstage Pass video, which was broadcast September 27, 2021Motley Fool contributor John Bromels discusses how this fintech company is bringing artificial intelligence to the consumer credit industry and how its approach could disrupt traditional lending solutions.

Jean Bromels: Co-founder and CEO, Dave Girouard is the former president of Enterprise Google and co-founder and board member, the former director of global corporate client programs and consumer operations at Google. Why is this important? What does Upstart do? Upstart is an AI-powered lending platform. It uses artificial intelligence, big data and predictive modeling to create an alternative to FICO score to determine a person’s creditworthiness.

You’ve probably all heard a FICO score. A bunch of credit cards will give you a FICO score. You can go to annual credit report.com every year, get your score and your credit report from the various credit bureaus. It’s like a one-time snapshot determining the likelihood of you defaulting on your own or on credit granted to you. The founders of Upstart said what the FICO score does, what it looks at, it looks at your past, it looks at your credit history, it looks at do you have any assets, how many of your assets do you have available for you ? He said, well, it’s backslid. For people who do not have a significant credit history, or for people whose circumstances may have changed and who are looking to secure a loan, the FICO score may not be a good predictor of their risk of default. or not.

He developed this AI-based algorithm to approve these loans. What it does is you go to Upstart, you go to their apps, you basically complete the loan application. It uses its predictive modeling and AI to determine your creditworthiness. Then he does not make the loan himself. It goes through third-party banks and financial institutions to give you the credit. He recently took out auto loans or purchased prodigy software, and there are rumors that he may be looking into the mortgage market as well. This is based on a job posting. The Internet will find everything for these businesses. It’s based on mortgages referenced as job hosting jobs and they said, “Aha. If they’re looking for someone who has experience with mortgages, maybe they are considering be to enter the mortgage market. “

CEO Dave Girouard has also expressed interest in disrupting the payday loan industry, which as we know is basically designed. The payday loan industry argues that it has to charge these exorbitant and very high fees because of the high risk of default. Well, Dave Girouard and Upstart are saying well, if our model can more accurately predict who is going to default and who is not, maybe we can be a better alternative for many consumers than a loan on salary. This raises the issue of bias. The trick with artificial intelligence quite often is that it looks for the best efficiency, or the most mathematically perfect number or outcome.

Sometimes, however, it can introduce bias into the system, it can introduce things that we don’t want to be there. Of course, the very famous example of this is when some researchers created artificial intelligence and basically used social media to allow it to examine how people spoke. The algorithm picked up all the objectionable content and started to distort it due to the faulty entry and had to be shut down and reconfigured to resolve this issue. Upstart is really committed to reducing bias in its algorithm because of course you don’t want unconscious bias finding its way into your loans. Because not only is it illegal, it is also really unfair.

Upstart has actually worked with the Consumer Financial Protection Bureau, the government agency responsible for monitoring this, and they have a letter of no action, which is basically how the CFPB says, we have been monitoring this AI, and we are convinced that it does not introduce any illegal bias into the lending process. Again, a very specialized product, a very nice industry but a very good example of how AI, the use of big data, machine learning, and predictive modeling can really disrupt a lot of different industries.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Vakrangee Partners with LenDenClub to Launch P2P Lending Network Wide https://bonappetitonline.com/vakrangee-partners-with-lendenclub-to-launch-p2p-lending-network-wide/ https://bonappetitonline.com/vakrangee-partners-with-lendenclub-to-launch-p2p-lending-network-wide/#respond Thu, 07 Oct 2021 12:41:14 +0000 https://bonappetitonline.com/vakrangee-partners-with-lendenclub-to-launch-p2p-lending-network-wide/

Vakrangee Limited (VL) has partnered with P2P lending platform LenDenClub to offer borrowing and lending on its 11,900 Nextgen Vakrangee Kendras network.

While clients can now benefit from instant personal loans, they can also invest their savings in pooled capital, which will then be used to lend to other clients on the platform looking for personal loans.

With this partnership, LenDenClub envisions accelerated customer growth, especially in regional markets.

Customers can avail instant personal loans at any of the nearest Kendra’s among 19,000 PINs in the country for a wide variety of services such as online shopping, purchase of agricultural products or health services. As a result, borrowers can instantly benefit from hassle-free digital loans even if they are located in a remote part of the country.

Dinesh Nandwana, Group Managing Director and CEO, Vakrangee Ltd. said, “With this partnership, we have strategically added a lending and borrowing platform to our Nextgen Kendras, making it a one-stop-shop for all of our clients’ borrowing needs. “

Bhavin Patel, Co-Founder and CEO of LenDenClub, said: “Our new partnership with Vakrangee will help break through and expand P2P lending services to a large part of the population residing in the most remote areas of the country, which is otherwise outside the formal credit sector. . We are delighted to tap into Vakrangee’s extensive network and contribute to the country’s growth story. “

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HDFC 3.0 Festive Treats | HDFC Bank announces 10,000 offers on cards, loans. Check details https://bonappetitonline.com/hdfc-3-0-festive-treats-hdfc-bank-announces-10000-offers-on-cards-loans-check-details/ https://bonappetitonline.com/hdfc-3-0-festive-treats-hdfc-bank-announces-10000-offers-on-cards-loans-check-details/#respond Thu, 07 Oct 2021 01:37:15 +0000 https://bonappetitonline.com/hdfc-3-0-festive-treats-hdfc-bank-announces-10000-offers-on-cards-loans-check-details/

HDFC Bank announces 10,000 offers on cards, loans. Check details

New Delhi: Ahead of the holiday season, private lender HDFC Bank announced more than 10,000 offers on credit cards, loans and IMEs as part of its “Festive Treats 3.0” campaign. As part of its new campaign, the bank will reach people through its branches, ATMs, partnerships with stores or websites and digital media campaigns, which have a hyper-local focus.

“Our line of credit card offerings aren’t just about coming back in force. It’s about boosting India’s consumer history, ”said Mr. Parag Rao, Group Leader – Payments, Consumer Credit, Digital and IT Banking, HDFC Bank.

Some of the major domestic partners include Apple, Amazon, Shoppers Stop, LG, Samsung, Sony, Titan, Central, Ajio, Reliance Digital, Reliance Trends, Lifestyle and many other top brands.

The main regional brands are Vijay Sales, Pothy’s, DigiOne, Chennai Silks, GRT Jewelers, PhoneWale, Sargam Electronics, Poorvika Mobiles and Electronic Paradise.

Customers can benefit from a car loan starting at 7.50% with no foreclosure fees and financing of up to 100% on two-wheeled loans and 4% less on interest rates, a indicated the bank.

There are no processing fees and financing of up to 90% on tractor loans and 50% off processing fees on commercial vehicle loans, he said.

The lender offers unsecured business loans up to Rs 75 lakh and 50% discount on processing fees, he added.

Here are some benefits that customers can enjoy

– Free cashbacks and EMI on premium mobile phones.

– Get Rs 6,000 cashback on iPhone 13.

– Up to 22.5% free cashback and EMI on electronics and consumer goods like washing machines and refrigerators.

– Personal loan from 10.25% with instant disbursement on the account.

– Car loan from 7.50% without foreclosure fees.

– Financing up to 100% on two-wheeler loans and 4% less on interest rates.

– No processing fees and financing of up to 90% on tractor loans.

– 50% reduction on processing fees for commercial vehicle loans.

– Unsecured business loans up to Rs 75 lakh and 50% reduction on processing fees.

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USDA vs FHA Loans: What’s the Difference? https://bonappetitonline.com/usda-vs-fha-loans-whats-the-difference/ https://bonappetitonline.com/usda-vs-fha-loans-whats-the-difference/#respond Tue, 05 Oct 2021 22:33:57 +0000 https://bonappetitonline.com/usda-vs-fha-loans-whats-the-difference/

Our goal is to give you the tools and the confidence you need to improve your finances. While we do receive compensation from our partner lenders, whom we will always identify, all opinions are ours. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”.

Mortgage loans from the United States Department of Agriculture (USDA) and the Federal Housing Administration (FHA) are generally easier to obtain than a conventional mortgage. This makes them good options for first-time home buyers and low to moderate income borrowers.

Although both of these loans are guaranteed by government agencies, there are several key differences between the two that you will need to consider before applying for one. For example, USDA loans require you to live in a rural setting and meet the income limit for your area.

Here’s a closer look at each loan program so you can decide which one is best for your needs:

USDA eligibility against FHA

Both the USDA and the FHA offer mortgage loans for single-family residences.

For an FHA loan, you will apply for a 203 (b) base mortgage to purchase your primary residence.

However, there are two USDA home loan programs to choose from and the eligibility standards are slightly different:

  • USDA Guaranteed Loan: For low to moderate income households that a private lender issues but USDA supports. You will not have any borrowing limit or ownership restrictions for this loan.
  • USDA Direct Loan: For low and very low income borrowers who need additional underwriting. The USDA funds the loan and it has more stringent income and ownership criteria. Also, the borrowing limit is $ 285,000 in most counties.

Here are the basic requirements that you will need to meet for each loan:

USDA loans FHA loans
Min. advance payment 0%
  • 3.5% (with a credit score of 580 or higher)
  • ten% (with a credit score between 500 and 579)
Min. credit rating 640 500
Income Limits Up to 115% of median household income Nothing
Debt-to-income ratio (DTI)
  • Up to 29% of monthly housing costs
  • Up to 41% of monthly debt payments
  • Up to 31% of monthly housing costs
  • Up to 43% of monthly debt payments
Loan limits
  • None for secured loans
  • Up to $ 285,000 for most direct loans
$ 356,362 for single-family homes in most areas
Location requirements USDA eligible rural areas only Nothing
Types of eligible properties Single-family main residences only Main residences between 1 and 4 apartments
Mortgage repayment terms 30 years fixed 30-year fixed rate, 15-year fixed rate and adjustable rate
Upfront costs 1% guarantee fee Initial mortgage insurance premium of 1.75%
Annual subscription 0.35% annual fee Up to 0.85% annual mortgage loan insurance premium

See also: Conventional loan conditions

USDA home loans have stricter income limits than FHA loans and also require you to live in an eligible rural area. Your home address and your annual household income determine your borrower’s eligibility for USDA loans.

The requirements of FHA borrowers, on the other hand, are more lenient because you may have a lower credit score. Multi-unit buildings are also eligible. However, you will need to make a down payment with an FHA loan.

USDA vs FHA vs conventional

Many home buyers will use a USDA, FHA, or conventional mortgage to purchase their home. Here is how these three types of loans differ.

USDA loans

These loans are only available to low to moderate income rural home buyers. Income limits vary by region but are relatively strict. USDA loans do not require a down payment, but you will need a minimum credit score of 640 and will have to pay an upfront guarantee fee of 1% plus an annual fee equal to 0.35% of the amount of. your loan.

FHA loans

Among government mortgage programs, you may have the easiest time qualifying for an FHA loan. You will only need a 3.5% down payment when your credit score is at least 580.

That said, you will likely pay mortgage insurance for the life of the loan, unless you can deposit at least 10%. This allows you to forgo your remaining payments after 11 years.

Conventional loans

Conventional mortgages have the strictest credit requirements, but they also offer competitive rates and can end up being cheaper in the long run. For example, you can avoid private mortgage insurance with a minimum down payment of 20%.

Credible does not offer FHA or USDA loans, but we can help you find a great rate on a conventional loan. Just enter some basic financial information and you’ll see multiple prequalified rates within minutes. After that, you can explore your loan options and find the one that best fits your budget.

Credible makes getting a mortgage easier

  • Instant simplified pre-approval: It only takes 3 minutes to see if you qualify for an instant streamlined pre-approval letter, without affecting your credit.
  • We keep your data private: Compare rates from multiple lenders without your data being sold or spammed.
  • A modern approach to mortgage loans: Supplement your mortgage online with banking integrations and automatic updates. Only speak to a loan officer if you want to.

Find rates now

Pros and Cons of USDA

USDA loans offer several advantages to borrowers, but there are some disadvantages that you should also consider.

Benefits of USDA

Here are some of the best reasons to consider a USDA loan:

  • No minimum deposit: Conventional loans and FHA loans both require some form of down payment, but USDA loans do not have such a requirement.
  • May not need cash reserves: Lenders may not require cash reserves to secure funding. However, including your qualifying balances may facilitate eligibility.
  • No maximum purchase price defined: USDA loans have no borrowing limit. Instead, the maximum amount of your loan depends on your repayment capacity.
  • Lower mortgage insurance costs: Your initial USDA guarantee fee is 1% of the loan amount and the annual fee is 0.35%. Both rates are lower than the FHA mortgage insurance premiums.
  • The seller can pay the closing costs: The seller can contribute up to 6% of the sale price. You can also receive unlimited gift funds to reduce your loan amount.

Disadvantages of USDA

Here are the main disadvantages of this loan program:

  • Good credit required: You will need a minimum credit score of 640 to be eligible for this loan, similar to conventional lenders. FHA lenders may only require a score of 580 or less.
  • Geographical restrictions: You must live in a rural area to be eligible for USDA funding. Fortunately, the definition is flexible, and many suburban and dormitory communities may be eligible if the population is below a certain amount.
  • Maximum income limits: For a USDA guaranteed loan, your household income cannot exceed 115% of your county’s Median Household Income (MHI). Households with incomes 80% below the MHI will need to apply for a USDA direct loan. Direct loans may have more stringent ownership and application requirements, but like secured loans, they do not require a down payment.
  • Lifetime Warranty Fee: All USDA loans require an upfront and annual guarantee fee for the life of the loan. Unlike FHA and conventional loans, making a qualifying down payment will not affect whether or not you pay for mortgage insurance.
  • Single-family homes only: Single family homes are the only type of qualifying property. This includes townhouses and condos, as long as you use the unit for your primary residence. Investment properties are not eligible.

Pros and Cons of FHA

FHA loans are a good option, especially if you have poor credit or a lot of debt. But they also come with their own set of drawbacks.

The FHA pros

Here are some of the best reasons to apply for an FHA home loan:

Disadvantages of FHA

  • Higher down payment terms: Depending on your credit score, you will need to make a down payment of 3.5% or 10%. USDA loans do not require a down payment.
  • Higher mortgage insurance premiums: Your initial and annual mortgage insurance premiums are higher than the USDA warranty fee and annual fee.
  • Difficult to cancel mortgage insurance: You will pay an annual mortgage loan insurance premium over the life of the loan, unless your down payment is 10% or more, in which case you will only pay mortgage default insurance for the first 11 years.
  • Mortgage limits: The maximum loan amount in 2021 is $ 356,362 for most counties. You may qualify for a higher limit if you live in a high cost area.

Keep reading: FHA vs. Conventional loans: which one is right for you?

About the Author

Josh Patoka

Josh Patoka is an authority on personal finance and a contributor to Credible. His work has been published on Fox Business and several award-winning personal finance blogs, including Well Kept Wallet, Wallet Hacks, and Frugal Rules.

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Dime Community Bancshares, Inc. (NASDAQ: DCOM) Expected to Post Quarterly Sales of $ 100.18 Million https://bonappetitonline.com/dime-community-bancshares-inc-nasdaq-dcom-expected-to-post-quarterly-sales-of-100-18-million/ https://bonappetitonline.com/dime-community-bancshares-inc-nasdaq-dcom-expected-to-post-quarterly-sales-of-100-18-million/#respond Tue, 05 Oct 2021 09:46:09 +0000 https://bonappetitonline.com/dime-community-bancshares-inc-nasdaq-dcom-expected-to-post-quarterly-sales-of-100-18-million/

Analysts expect Dime Community Bancshares, Inc. (NASDAQ: DCOM) to report $ 100.18 million in sales for the current quarter, Zacks investment research reports. Two analysts have released earnings estimates for Dime Community Bancshares, with estimates ranging from $ 99.36 million to $ 101.00 million. Dime Community Bancshares reported sales of $ 47.50 million in the same quarter last year, indicating a positive year-over-year growth rate of 110.9%. The company is expected to release its next quarterly results on Tuesday, October 26.

According to Zacks, analysts expect Dime Community Bancshares to record annual sales of $ 393.69 million for the current year, with estimates ranging from $ 390.98 million to $ 396.40 million . For next year, analysts predict the company will post sales of $ 415.24 million, with estimates ranging from $ 408.27 million to $ 422.20 million. Zacks’ sales calculations are an average based on a survey of seller-side research companies that cover Dime Community Bancshares.

Dime Community Bancshares (NASDAQ: DCOM) last released its quarterly earnings data on Thursday, July 29. The savings and loan company reported earnings per share (EPS) of $ 0.91 for the quarter, missing the Thomson Reuters consensus estimate of $ 1.05 ($ 0.14). Dime Community Bancshares recorded a return on equity of 13.31% and a net margin of 16.58%. The company posted revenue of $ 122.80 million for the quarter, compared to the consensus estimate of $ 115.29 million.

Separately, Zacks investment research downgraded Dime Community Bancshares shares from a “buy” rating to a “hold” rating in a research report released on Friday, July 9. One analyst rated the stock with a conservation rating, two gave the company a buy rating, and one gave the company a strong buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 39.83.

(A d)

These are the coolest electric cars. Everyone who sees them wants one. The big names are shaking in their boots.

DCOM shares opened at $ 33.84 on Tuesday. The company has a fifty-day moving average of $ 32.75 and a 200-day moving average of $ 32.88. The company has a quick ratio of 0.96, a current ratio of 0.97, and a debt ratio of 0.18. Dime Community Bancshares has a 12 month low of $ 18.06 and a 12 month high of $ 35.87. The company has a market cap of $ 1.39 billion, a price-to-earnings ratio of 20.63 and a beta of 1.17.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 25. Investors of record on Monday, October 18 will receive a dividend of $ 0.24 per share. This represents an annualized dividend of $ 0.96 and a return of 2.84%. The ex-dividend date is Friday October 15. Dime Community Bancshares’ payout ratio is 38.10%.

In other news from Dime Community Bancshares, Director Basswood Capital Management, L sold 27,014 shares in a trade on Wednesday, August 18. The shares were sold for an average price of $ 32.80, for a total value of $ 886,059.20. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. Insiders have sold 139,696 shares of the company valued at $ 4,622,809 in the past 90 days. 16.40% of the shares are currently held by insiders.

A number of hedge funds have recently changed their positions in the company. Parametric Portfolio Associates LLC increased its stake in Dime Community Bancshares by 17.9% in the second quarter. Parametric Portfolio Associates LLC now owns 71,657 shares of the savings and loan company valued at $ 2,409,000 after acquiring an additional 10,893 shares in the last quarter. Morgan Stanley increased its stake in Dime Community Bancshares by 28.6% in the second quarter. Morgan Stanley now owns 189,588 shares of the savings and loan company valued at $ 6,375,000 after acquiring an additional 42,158 shares in the last quarter. Wells Fargo & Company MN increased its stake in Dime Community Bancshares shares by 29.4% during the 2nd quarter. Wells Fargo & Company MN now owns 41,743 shares of the savings and loan company valued at $ 1,404,000 after purchasing an additional 9,496 shares in the last quarter. Invesco Ltd. increased its stake in the shares of Dime Community Bancshares by 23.0% in the second quarter. Invesco Ltd. now owns 164,336 shares of the savings and loan company valued at $ 5,525,000 after purchasing an additional 30,744 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its stake in the shares of Dime Community Bancshares by 103,840.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 10,394 shares of the savings and loan company valued at $ 349,000 after purchasing an additional 10,384 shares in the last quarter. Hedge funds and other institutional investors hold 72.04% of the company’s shares.

About Dime Community Bancshares

The largest community bank headquartered in Brooklyn, New York, was established on April 19, 1864. The bank specializes in commercial mortgage financing in the New York metropolitan area and serves depositors at 24 service branches. full through Brooklyn, Queens, Nassau and the Bronx.

Further reading: Inflation

Get a free copy of Zacks’ research report on Dime Community Bancshares (DCOM)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Dime Community Bancshares (NASDAQ: DCOM)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Dime Community Bancshares now?

Before you consider Dime Community Bancshares, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Dime Community Bancshares was not on the list.

While Dime Community Bancshares currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.

See the 5 actions here

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The One Thing The Brits Can’t Talk About – The Madison Leader Gazette https://bonappetitonline.com/the-one-thing-the-brits-cant-talk-about-the-madison-leader-gazette/ https://bonappetitonline.com/the-one-thing-the-brits-cant-talk-about-the-madison-leader-gazette/#respond Mon, 04 Oct 2021 15:29:00 +0000 https://bonappetitonline.com/the-one-thing-the-brits-cant-talk-about-the-madison-leader-gazette/

In recent decades, the British have finally learned to open up. Now we are happy to talk about parenting, sex, mental health, our worries at work and our relationship issues.

There is only one subject that still makes us talk faster than we can say “share with the group”: money.

Even though we all need it, use it, and especially not have as much as we would like, when it comes to cash, we remain discreet, fearing that we will be judged on our own. income or our debts, and rather jump off a fully clothed diving board than ask a friend to pay off a loan.

Three-quarters of Britons find it difficult to talk about money in conversations with friends and family, according to a new survey conducted by alternative banking solution Suits Me.

The company surveyed 2,000 UK adults about the money issues they find most embarrassing and looked at what people thought about asking for reimbursement, splitting a bill and calling those who don’t pay their money. path.

Alarmingly, a horrified 16% would never ask to be paid back from a friend, no matter how much money had been loaned. Whether it’s the fear of confrontation and loss of friendship, or the fear of appearing “mean,” it seems there is a whole secret economy based entirely on unpaid loans from friends.

“Look Sasha, Anna bought three apples and I made instant coffee. What have you contributed? (Getty Images)

Read more: How to lend money to family and friends

Even those who ask for it in return say it’s the most delicate money conversation they can imagine having, according to 45%, as the average Briton is willing to write off a £ 65 debt rather than never ask for it in return.

Men are slightly more willing to lend a larger amount of money before expecting repayment (£ 69) compared to women (£ 61).

All of those unpaid loans would be more than enough to hire skyscraper planes to circle Britain, dragging ‘pay me back, you hold tight banners’.

Clumsiness around money is rampant in the UK, with millions without a pay rise due to fear of humiliation and rejection, while the horror of sharing bills in a restaurant means that cheeky people “I only had a salad and a drink” far from it as a quarter of Brits feel uncomfortable calling family or friends who don’t pay their fair share on outings nocturnal.

It's £ 76.43 from you, and I'll throw in a five.  OK?" (Getty Images)

It’s £ 76.43 from you, and I’ll throw in a five. Agreement? “(Getty Images)

Meanwhile, only 13% of 18-34 year olds feel comfortable talking about their finances, as do 25% of those 35 and over and 43% of those over 65.

It seems the older you get, the less worried you will be about discussing what you have – perhaps because at some point you will have to decide who gets named in the will.

Those who earn the most, however, find it the most difficult to discuss money with family and friends, as only 1 in 10 (11%) of those earning more than £ 60,000 a year will readily mention conversations about money with friends and family.

Watch: More than half of Americans agree you should always split the bill on a first date

In contrast, nearly a third of those earning less than £ 30,000 will be happy to discuss difficult money matters with their families.

On the bright side, when it comes to this national pastime, the pub, most Brits are happy to share the cost of a drink with friends and family.

However, some cities are less likely to pay their full share: Edinburgh (95%), Sheffield (93%) and Newcastle (93%) are the most likely to join a drink tour, while Belfast (59%) , Birmingham (85%) and Bristol (85%) are the stingiest when it comes to getting involved.

"Take my money, I'm not from Bristol you know." (Getty Images)

“Take my money, I’m not from Bristol, you know. “(Getty Images)

Read more: No more drama – how to talk to your family about money

Still, Bristol residents are the most embarrassed to tell people to cough, while Southampton residents are happy to give borrowers a helping hand.

Richard Lynch, Managing Director of Suits Me, said:

‘Britons are often faced with the stereotype of being polite to the point of being clumsy and our research has shown that this is no different when it comes to financial matters, with most countries finding money a subject. uncomfortable to approach.

“What is of particular concern is our uneasiness in approaching friends and family for the money we are owed – something that could leave us in great difficulty.”

Fortunately though, whatever our division on how best to split a restaurant bill, we’re pretty united when it comes to going on a drink tour, which shows that while we can be awkward when ‘it’s about talking about finances, we are a generous nation at heart.

Even though we would rather lose the house and the business than ask a friend to pay us off this temporary loan.

Watch: What to do if your loved one just made a huge money mistake

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Kissht: Enabling Instant Digital Loans to Low Income Groups https://bonappetitonline.com/kissht-enabling-instant-digital-loans-to-low-income-groups/ https://bonappetitonline.com/kissht-enabling-instant-digital-loans-to-low-income-groups/#respond Sun, 03 Oct 2021 18:30:00 +0000 https://bonappetitonline.com/kissht-enabling-instant-digital-loans-to-low-income-groups/ Krishnan Vishwanathan

The cardless credit product is the next wave of lending likely to drive the adoption and democratization of fintech in India. Leveraging this, Mumbai-based consumer-focused digital lending platform Kissht serves low-income groups, who do not have access to credit, or who are new to credit. It offers a low cost loan (5,000 to 20,000 Rs for a period of at least 12 months) disbursed in less than five minutes.

Kissht has championed the “buy now, pay later” concept in India since 2016 through its partnership with Caratlane, Flipkart and the TripMoney product for MakeMyTrip. With strong financial expertise and a solid technological background, co-founders Krishnan Vishwanathan and Ranvir Singh have created a solution for the low-income segment that eliminates traditional underwriting methods, a heavy manual methodology designed for large loans. cut.

When granting a loan to a customer, it charges an interest rate that covers the cost of capital, operating expenses, and risk costs associated with expected losses. Interest rates are 14-24% per annum, with a 2-5% processing fee. When subscribing to a customer, Kissht relies on five data sources: customer’s office, digital fingerprint, online bank statement for the last three months, utility bill payment data, and social media profile.

Speaking of current figures despite the pandemic, Vishwanathan, co-founder and CEO, said: “This year in March, Kissht disbursed 300 crore rupees in loans, which was the same as in March of last year. We have crossed 10 million registered users in the past year and today we have a registered user base of 16 million and nearly 3 million unique borrowers. We aim to reach the 100 million mark by 2025. Our plan is to create a broader mix of credit products, for the underserved customer segment, including life insurance and health and personal loans. two wheels.

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Economic Crimes in India: Money, Crime, and the City: The Growing Challenge of Economic Crimes in Indian Tier II Cities and How to Address It https://bonappetitonline.com/economic-crimes-in-india-money-crime-and-the-city-the-growing-challenge-of-economic-crimes-in-indian-tier-ii-cities-and-how-to-address-it/ https://bonappetitonline.com/economic-crimes-in-india-money-crime-and-the-city-the-growing-challenge-of-economic-crimes-in-indian-tier-ii-cities-and-how-to-address-it/#respond Sun, 03 Oct 2021 01:24:00 +0000 https://bonappetitonline.com/economic-crimes-in-india-money-crime-and-the-city-the-growing-challenge-of-economic-crimes-in-indian-tier-ii-cities-and-how-to-address-it/ Former Uttar Pradesh top cop Vikram Singh is unequivocal when he argues that the best police minds should be deployed to eliminate economic offenders. Tracking down a bandit in the backcountry should only be a side job for the police, he says. Today’s dacoits are urban and sophisticated and operate from chic buildings in an urban setting, using a network of front companies and tech savvy agents.

“There is a saying, sau sunar ki ek luhar ki (one big hit equals one hundred weak hits). Criminals have discovered that a great economic crime can give them money that hundreds of thefts and dacoities cannot, ”says Singh, who was chief executive of the state police in 2007-09, when economic crimes were seen as a feature of large metros.

In recent years, he adds, the unrest has quickly spread beyond the grid from Mumbai, Delhi and Kolkata to some of the smaller cities. Data recently released by the National Crime Records Bureau (NCRB) supports this argument. While Delhi and Mumbai register the highest number of economic crimes in 2020, it is Jaipur, Lucknow and Patna – in that order – that exceed the economic crime rate, which means recorded crimes per 1 lakh of people in the country. during the calendar year. Jaipur recorded 104 economic crimes per lakh of inhabitants; Lucknow 76 and Patna 49. Jaipur, Lucknow and Patna have led the crime rate charts since 2018. In 2017, instead of Patna, Bengaluru was in the top three, alongside Jaipur and Lucknow.

In its three-volume report, the NCRB published a data set on economic crime for 19 mega-cities, each with a population of 2 million and more.

In 2020, cities like Coimbatore, Chennai, Surat, Pune, Kanpur, Ahmedabad, Indore and Kolkata performed better than the national city average of 23 economic crimes per lakh of inhabitants. Meanwhile, those hovering around the national city average are Nagpur (20), Mumbai (21), Kochi (22), Ghaziabad (24), Bengaluru (24) and Delhi (27).

If you look at the overall crime rate for 2020 – which takes into account all recognizable crimes under the Indian Penal Code – Delhi is the crime capital, followed by Chennai and Ahmedabad. Delhi is an example of a city that does comparatively better on the economic crime parameter, even though it scores appallingly across law and order. Chennai also has one of the lowest economic crime rates.

Economic offenses include breach of trust, forgery, criminal misappropriation of property, forgery, cheating and fraud.

In the case of Jaipur, Lucknow and Patna, most of the offenses are related to counterfeiting, cheating and fraud. In Lucknow, a significant number of cases – 543 or 25% of the total – are classified as criminal breach of trust, violating Articles 406 to 409 of the CPI. In the NCRB report, cybercrimes, even those with an economic angle, are presented as separate entities.

In terms of cybercrime rates, India’s IT capital, Bengaluru, is unsurprisingly the worst city, with 104 cybercrimes per lakh of population. Lucknow (50), Hyderabad (33) and Ghaziabad (32) recorded rates well above the city’s national average of 16, clearly a cause for concern. The total number of cyber cases in the 19 major cities in 2020 was 18,657, a marginal increase of 0.8% from 2019.

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ET spoke with two former Enforcement Directorate (ED) officers, both accountants before becoming IPS officers, to understand the labyrinth of complex financial frauds in India, their spread to non- subways and how the government should develop a strategy to track them down.

Yogesh Gupta, who worked at ED as a special director and is now an additional DGP rank officer in Kerala, says economic crimes have become a more serious threat than conventional crimes. According to his estimate, the complexity and enormity of economic crimes lie in bank frauds, with large-scale crimes mainly surfacing in major metros. “To contain economic crimes, the state police must call in experts from inside and outside the force. To solve complex, multi-layered financial frauds, investigative agencies need to hire more chartered accountants and financial analysts, ”he said, adding that if a city registers more cases, it shouldn’t. be penalized but encouraged. NCRB data is based on 26,970 economic crime cases recorded in 2020, down 20% from 2019.

Deepak Kedia, who was ED’s additional director in 2016-2018, says the total amount involved in economic crimes is as important a metric as the volume of crimes in a city. “There are cities where the number of crimes is high but the money involved is tiny. In India, most crimes involving larger amounts are investigated by agencies such as CBI, ED, DRI (Directorate of Tax Intelligence), the Department of Income Taxes and the “Economic Offenses Wings” states, he says. .

In the NCRB data, with the exception of property seizure incidents, the value of most crimes is not recorded, making it difficult to rank cities on the basis of the value of economic crimes.

The question is, why has the same set of cities, Jaipur, Lucknow and Patna surpassed the economic crime rate in the past three years? Jaipur Police Commissioner Anand Kumar Srivastava said, “Compared to cities in other states, Jaipur’s economic crime rate is high because FIR registration is easy in Rajasthan. If someone approaches a police station, they can easily register an FIR. He adds that the bulk of these cases are linked to extortion, cheating and disputes between business partners.

Srivastava also says Jaipur City Police are now facing more and more cyber fraud. “We have started to hire cyber experts from the private sector to combat this threat,” he says.

Avinash Mohanty, Co-Commissioner of Police (Crime) in Hyderabad, says the crime rate is often proportional to the volume of financial transactions in a city. “The volume of financial transactions in Hyderabad is significant. In addition, the aspiration to earn more money is high in the city, ”he says. In 2020, Hyderabad was ranked fourth in economic crimes and third in cybercrime. “We often send our teams to other parts of the country to arrest the culprits. When it comes to cybercrime, our arrest rate is one of the highest in the country, ”says Mohanty. It highlights how the city’s cyber police team arrested a number of people, including Chinese nationals, in the recent instant loan app scam in which around 30 illegal mobile apps were deployed. by a gang organized to disburse loans at very high interest rates.

Bike Bot is another recent economic scam that originated in UP’s Noida. He is said to have perpetrators deceiving nearly 250,000 people of around 3,500 crore rupees into falsely providing them with large monthly returns for an investment in motorcycle taxis. Subimal Bhattacharjee, a Delhi-based consultant on computer issues, says criminal syndicates have become more active recently. “Many economic crimes are now contracted out to criminal syndicates specializing in hacking and phishing. There are also cases where young people get involved in these snowshoes, ”he says.

For an economic crime investigative body, the first task is to trace the funds and recover as many assets as possible, primarily by foreclosing on properties. This is where technical expertise comes in handy. Investigators begin the exercise by examining the balance sheets of the companies involved, then move back and forth to detect the recoverable amount. Some detectives engaged in deciphering complex economic frauds believe the GoI should make arrangements to bring in brilliant crooks to contain would-be crooks and help investigate sensitive financial cases. They argue that if surrendered Maoists can be inducted into police battalions for anti-Maoist operations, what is wrong with employing a smart young fraudster to solve a bigger case like Nirav Modi’s or by Vijay Mallya?

This debate has just started.

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Brokerage firms predict Texas Capital Bancshares, Inc. (NASDAQ: TCBI) to report quarterly sales of $ 222.21 million https://bonappetitonline.com/brokerage-firms-predict-texas-capital-bancshares-inc-nasdaq-tcbi-to-report-quarterly-sales-of-222-21-million/ https://bonappetitonline.com/brokerage-firms-predict-texas-capital-bancshares-inc-nasdaq-tcbi-to-report-quarterly-sales-of-222-21-million/#respond Fri, 01 Oct 2021 05:29:46 +0000 https://bonappetitonline.com/brokerage-firms-predict-texas-capital-bancshares-inc-nasdaq-tcbi-to-report-quarterly-sales-of-222-21-million/

Stock analysts expect Texas Capital Bancshares, Inc. (NASDAQ: TCBI) to post revenue of $ 222.21 million for the current fiscal quarter, according to Zacks investment research. Seven analysts provided earnings estimates for Texas Capital Bancshares, with the highest sales estimate at $ 231.60 million and the lowest estimate at $ 214.00 million. Texas Capital Bancshares reported sales of $ 267.92 million in the same quarter last year, indicating a negative growth rate of 17.1% year-over-year. The company is expected to release its next results on Wednesday, October 20.

According to Zacks, analysts expect Texas Capital Bancshares to report annual revenue of $ 910.90 million for the current fiscal year, with estimates ranging from $ 895.39 million to $ 931.30. millions of dollars. For the next fiscal year, analysts predict the company will post sales of $ 932.01 million, with estimates ranging from $ 908.20 million to $ 965.90 million. Zacks’ sales calculations are an average based on a survey of research analysts who follow Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ: TCBI) last released its quarterly results on Tuesday, July 20. The bank reported earnings per share (EPS) of $ 1.31 for the quarter, beating the Zacks consensus estimate of $ 1.21 by $ 0.10. Texas Capital Bancshares recorded a return on equity of 9.64% and a net margin of 23.37%. The company posted revenue of $ 227.10 million in the quarter, compared to analysts’ estimates of $ 240.67 million. During the same period last year, the company made EPS of $ 0.82. Texas Capital Bancshares’ quarterly revenue was down 19.3% from the same quarter last year.

Several research analysts recently weighed in on TCBI shares. Wedbush downgraded Texas Capital Bancshares from an “outperforming” rating to a “neutral” rating in a research note on Thursday, September 2. Hovde Group upgraded Texas Capital Bancshares from an “outperformance” rating to a “market performance” rating in a research report released Thursday, September 2. Janney Montgomery Scott downgraded Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a research note on Thursday, September 2. Piper Sandler upgraded Texas Capital Bancshares from a “neutral” to an “overweight” rating and set a price target of $ 75.00 for the company in a research note on Thursday, July 22. Finally, Raymond James lowered his price target on Texas Capital Bancshares from $ 78.00 to $ 75 and established an “outperformance” rating for the company in a research note on Thursday, September 2. They noted that the move was an appraisal call. One analyst rated the stock with a sell rating, six issued a conservation rating, and six assigned a buy rating to the company. According to MarketBeat.com, the company has an average “Hold” rating and a consensus target price of $ 72.36.

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Shopify loves them. The Trade Desk could be worried about this startup.

Separately, insider Timothy J. Storms bought 4,173 shares in a trade on Thursday, September 2. The stock was purchased at an average cost of $ 59.83 per share, for a total value of $ 249,670.59. As a result of the purchase, the insider now owns 7,717 shares of the company, valued at $ 461,708.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Additionally, CEO Rob C. Holmes bought 8,308 shares in a trade on Friday, September 3. The stock was purchased at an average cost of $ 60.29 per share, for a total value of $ 500,889.32. Following the purchase, the CEO now directly owns 265,029 shares of the company, valued at approximately $ 15,978,598.41. Disclosure of this purchase can be found here. 0.64% of the shares are currently held by company insiders.

Large investors have recently bought and sold stocks. Gillson Capital LP purchased a new equity stake in Texas Capital Bancshares in the 1st quarter valued at approximately $ 7,616,000. Bank of Montreal Can increased its stake in the shares of Texas Capital Bancshares by 1,245.3% in the 1st quarter. Bank of Montreal Can now owns 261,847 shares of the bank valued at $ 17,350,000 after acquiring an additional 242,383 shares during the period. HRT Financial LP acquired a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at approximately $ 7,293,000. EJF Capital LLC acquired a new equity stake in Texas Capital Bancshares in the 1st quarter valued at approximately $ 6,017,000. Finally, Kennedy Capital Management Inc. acquired a new stake in the shares of Texas Capital Bancshares in the 1st quarter valued at approximately $ 15,763,000. Institutional investors and hedge funds hold 95.81% of the company’s shares.

Actions of NASDAQ: TCBI opened for $ 60.02 on Friday. Texas Capital Bancshares has a 12-month low of $ 30.76 and a 12-month high of $ 93.26. The company’s fifty-day simple moving average is $ 62.11 and its 200-day simple moving average is $ 66.35. The company has a market cap of $ 3.04 billion, a PE ratio of 12.35 and a beta of 1.85. The company has a current ratio of 1.09, a quick ratio of 1.09, and a debt ratio of 1.04.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc. is the holding company for Texas Capital Bank NA. It provides commercial banking services to clients in Texas and focuses on mid-market business ventures and successful professionals and entrepreneurs. The firm loan portfolio includes commercial loans, real estate loans, construction loans and letters of credit; business deposit products include commercial chequing accounts, safe deposit boxes, cash concentration accounts and other cash management services, including an online system; trust and wealth management services include investment management, personal trust and estate services, custodial services, retirement accounts and related services.

See also: How to Trade Using Analyst Ratings

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History and earnings estimates for Texas Capital Bancshares (NASDAQ: TCBI)

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Finding the Beautiful Every Day – FOX 2 https://bonappetitonline.com/finding-the-beautiful-every-day-fox-2/ https://bonappetitonline.com/finding-the-beautiful-every-day-fox-2/#respond Thu, 30 Sep 2021 18:04:31 +0000 https://bonappetitonline.com/finding-the-beautiful-every-day-fox-2/

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