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MANAGING MONEY WHILE FACING A CHRONIC ILLNESS CAN BE DIFFICULT
Managing personal finances can be a challenge for everyone. Sadly, people dealing with a chronic illness often experience a unique and tougher set of financial challenges. Experts define a chronic disease as a long-lasting condition that keeps reoccurring. Conditions like pulmonary fibrosis and fibromyalgia can significantly slow down your operations, making day-to-day life extremely difficult. Such conditions can significantly hurt your finances.
4 SIGNS THAT YOUR BUSINESS NEEDS TO START OUTSOURCING
Running a business can be highly challenging and sometimes overwhelming for many entrepreneurs. As a business owner, you are responsible for making sure that your company operates proficiently. Aside from the daily tasks that you need to attend to, you also need to ensure that all aspects of your business are running smoothly. It can be overwhelming for many business owners, and that’s why many companies turn to outsourcing to help them manage their businesses. Here are some signs that your business needs the assistance of an outsourcing agency.
THE BEST STOCKS TO INVEST IN RIGHT NOW
2021 has seen a huge tie in of key areas including our biggest foe – COVID-19 and one of the most current trending terms, Net-Zero. Of course, with most of us obeying the rules of lockdown, there has been a huge online presence for retail and of course, NFTs. Unfortunately, some of my most compelling investments and eyes on companies are early-stage, not listed, so I cannot add them to this list. However, I will be writing up soon on the ones to get in early if you are like me and like a diverse early-stage portfolio.
4 TIPS FOR BUILDING YOUR FIRST PORTFOLIO
Every investor begins their first portfolio nervous and not knowing very much. If you have a desire to learn the basics, however, and are committed to constantly improving your knowledge base, over time you will have a portfolio of stocks (and perhaps other financial instruments) that you are happy with and confident in. Below are four tips for building your first portfolio.
DEUTSCHE BANK REPORTS BEST QUARTER IN SEVEN YEARS
Deutsche Bank on Wednesday posted a pre-tax profit of €908 million for the first three months of 2020 – its best quarterly performance in seven years, and a notable increase on its profit of just €66 million for the same period in 2020.
Profits rose across all of the bank’s core divisions, though its investment banking arm performed most strongly with a 134% rise in pre-tax profits to €1.5 billion. Revenue across the bank grew 14% to €7.2 billion, its highest total since 2017.
3 REASONS YOUR BUSINESS NEEDS OVERDRAFT PROTECTION
Suppose you wrote a check to a material supplier last week, and unfortunately, the accountant was out sick that day. Meanwhile, you forgot about the check, using your business checking account to make your everyday transactions. The check clears weeks later, and now you are hit with a hefty fee.
With overdraft protection, you could have avoided this hassle, and such a simple mistake wouldn’t have to derail your business operations.
CREDIT SUISSE POSTS ‘UNACCEPTABLE’ ARCHEGOS LOSS
Credit Suisse on Thursday reported a net loss of 252 million Swiss francs ($275 million) for the first quarter following the implosion of US-based hedge fund Archegos Capital.
The bank reported that the loss reflected a “significant charge with respect to the US-based hedge fund matter in 1Q21 (first quarter), offsetting positive performance across wealth management and investment banking.”
In response, the bank raised roughly $2 billion to bolster its capital position. To do this, it sold mandatory convertible notes to “a selected group of core shareholders, institutional investors and ultra-high-net-worth individuals.”
FINANCIAL SERVICES SHIFT £1 TRILLION IN ASSETS TO EU
UK banks and insurers have shifted thousands of jobs and over £1 trillion in combined assets out of the UK and into European Union hubs due to the impact of Brexit, a new study has confirmed.
According to research from think tank New Financial, more than 440 firms in the UK banking and financial services sector have relocate parts of their business, moved staff or established new EU entities in response to Brexit.
Roughly £900 billion of the relocated assets were moved by banks – equivalent to about 10% of the total assets held by the UK banking system. Insurance firms and asset managers shifted a further £100 billion.