Want a job in finance? Think about moving to Liverpool

    November 1st, 2014

    Financial services companies are hiring more staff in the North of England in
    an attempt to save money on wages and rent, according to research by a
    recruitment company.

    article source

    Barclays report finds most African youth inclined to investment

    October 31st, 2014

    THE Barclays Africa Prosper Report launched on October 28 revealed that, if given US$100 to help them prosper, about 54 per cent of Zambians would rather invest.

    The Barclays Africa Prosper Report, an online survey captured data on financial behaviour between April and August, of what the term ?prosper? means to Africans in 11 countries, including Zambia.

    According to the report?s findings, 54 per cent of Zambian respondents said they would rather invest a US$100, with 34 per cent saying they would purchase books if they had to buy anything for themselves to prosper, and 50 per cent said they would rather consult a bank to obtain financial prosperity.

    About 64 per cent...

    GM Financial Subprime Auto Loans Face Review in Florida

    October 31st, 2014

    Florida Attorney General Pam Bondi
    is reviewing General Motors Co. (GM)’s lending arm to determine
    whether she has jurisdiction to join a widening investigation
    into its subprime auto-loan underwriting practices.

    GM Financial, which specializes in loans to people with
    spotty credit, has disclosed that attorneys general of states it
    didn’t identify and other government offices are demanding
    documents on its business of making car loans and pooling them
    into bonds that are sold to investors.

    Whitney Ray, a spokesman for Bondi, said in an e-mail that
    the attorney general hasn’t issued a subpoena and is “reviewing
    the...

    Your Credit Score & Your Auto Loan: 4 Things You Can Do To Get A Better …

    October 31st, 2014

    Have you been thinking about buying a car? Whether youre in the market for a brand new ride or something slightly used, now could be a good time to act.

    If youre a new-car fan, you know that most 2015 models have either rolled into showrooms or will soon be on their way. If youre a used-car fan or a bargain shopper, you know theres often an uptick in inventory around this time of year, as others trade in their old rides for the latest and greatest, and as dealers work to get rid of lingering 2014 stock.

    Just as importantly, interest rates are low: the average 60-month auto loan currently sits at 4.03 percent, while 36-month loans hover around 3.95 percent. Can you score a better...

    Bed bugs discovered in the Finance Building in Capitol Complex

    October 31st, 2014

    The Finance Building is the latest public building to be hit with a bed bug infestation, which also have been reported in recent years at the Pennsylvania Higher Education Assistance Agencys Harrisburg headquarters and several public school buildings. File photo/Pennlive

    article source

    Financial ‘Experts’ No Better At Finance Than Normal Humans

    October 31st, 2014

    Knowing more about finance does not lead to better financial decisions.

    In fact, some of the most supposedly financially knowledgeable people — mutual-fund managers — dont make better financial decisions than other people, according to a new study by Michigan State and Notre Dame researchers, as reported in The Atlantic.

    Its the latest evidence that a years-long campaign to help normal Americans achieve financial literacy is ineffective at best and misguided at worst. As The Atlantic notes, expert stock-pickers in finance and forecasters in other fields have been derided for decades as no better than dart-throwing monkeys.

    â??Avoid these financial mistakes during a divorce

    October 30th, 2014

    Going through a divorce is difficult, especially when there are several financial commitments to sought through.

    Many people get caught up in the emotional side of a divorce, which can cause them to make serious financial mistakes which can damage a persons financial situation for both the short and long term. See what financial mistakes you should try to avoid:

    Forget to make repayments

    This is a mistake that can cause problems for you down the track. It is important that throughout the divorce process, regular repayments are being made on all jointly owned debt. Even if you are not on amicable terms with your partner, not meeting repayments could result in a default...

    SunTrust moves equipment finance group from Towson to downtown Baltimore

    October 30th, 2014

    Businesses looking for an equipment loan from SunTrust Banks Inc. wont be driving to Towson anymore.

    SunTrust (NYSE: STI) moved its 55-employee equipment finance group for the Baltimore area into its downtown offices at 120 E. Baltimore St. The group opened there Monday, relocating from a longtime office at 300 E. Joppa Road in Towson.

    The Atlanta-based bank had space available in the downtown Baltimore buildings 23rd story following some floor plan reshuffling that makes more efficient use of space. The move is largely an attempt to give customers more of a one-stop-shopping experience.

    SunTrust has relationship managers downtown who help clients move through the banks...

    Hilco Real Estate Finance sold, rebrands as Jordan Capital Finance

    October 30th, 2014

    Hilco Real Estate has sold its private real estate mortgage lending company, Hilco Real Estate Finance, to the Garrison Investment Group for an undisclosed amount.

    Hilco Real Estate, a unit of Hilco Global, founded Hilco Real Estate Finance in 2012. In the ensuing year and a half, Hilco Real Estate Finance has exceeded all expectations and financial projections, according to Neil Aaronson, CEO of Hilco Real Estate.

    Following such a successful first year and a half of lending, originating loans in approximately 20 states and rapid expansion of the operations, we decided that the time was right to carefully transition the company to a new capital partner that wanted to aggressively...

    Why Ford, GM Should Worry About More Subprime Auto Loans GM F

    October 30th, 2014

    Rising subprime auto loans in the US and global weakness could lead to slower near-term auto sales for General Motors (NYSE:GM), Ford Motor (NYSE:F) and other automakers, an analyst said Tuesday.

    Goldman Sachs Patrick Archambault downgraded Ford to neutral from buy and removed GM from the Goldman Conviction buy list.

    The main driver for the downgrade is the increase in subprime loans in the US, which may indicate that the market for standard loans has become saturated. Subprime auto loans have risen to 18% of the total this year, Goldman said, up from 14% last year.

    The big danger, Archambault warned, is increasing regulation. The Consumer Financial Protection...