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bank

Baseball's Concerns: Will Diamond Sports' Plan Work?

November 9, 2024

You might be wondering why Major League Baseball (MLB) and the Atlanta Braves are worried about Diamond Sports Group's plan to get back on track. Well, they've got some serious doubts about whether this plan will actually work. Both MLB and the Braves have said they're not convinced that Diamond Spo

finance

Belarus Banks Shift to Global Standards: A Closer Look at Loans and Conditional Obligations

November 9, 2024

Belarusian banks are taking a big step forward by adopting international financial reporting standards. This shift involves a careful look at how banks account for loans and conditional obligations. The main guidelines they're following are the International Financial Reporting Standards (IFRS) 9 an

business

The Booming MSME Scene: Does Sharia Banking Keep Up?

November 8, 2024

Indonesia's micro, small, and medium enterprises (MSMEs) have been growing steadily, but the financing they receive from Sharia banks hasn't kept pace. This study aims to figure out why. It turns out that banks' strategies for collecting funds from third parties have a lot to do with it. Sharia ban

business

Banking on Brains: How Intellectual Investments Boost Performance

November 8, 2024

In today's information age, businesses aren't just about factories and funds; they're about brains and knowledge. This shift has pushed firms, especially banks, to seek out unique ways to boost productivity and stay ahead of the competition. Banks, being heavily reliant on knowledge, are a great exa

business

How Sharia Banks' Profits Change with Small Business Funding

November 6, 2024

Indonesia sees more small businesses every year, but Sharia banks aren't keeping up. They're financing fewer small businesses, even though total deposits are growing. This study looks into how much money comes from outsiders (third parties) affects how much Sharia banks lend to small businesses. It

business

China's Central Bank: Bold on Boosting Economy

November 6, 2024

At a recent meeting, the People's Bank of China (PBOC) announced they would continue their supportive monetary policy. The bank's governor, Pan Gongsheng, mentioned they would ramp up their efforts to tackle short-term economic hiccups with counter-cyclical policies. This is not the first time Pan h

business

TGI Fridays’ Bankruptcy: A Struggle for Survival

November 2, 2024

In a surprising turn of events, TGI Fridays, the iconic restaurant chain, has filed for bankruptcy protection. This move comes after the company faced a series of setbacks, including the closure of numerous branches across the United States. The primary cause for this financial struggle, according t

business

Why TGI Fridays is Seeking Bankruptcy Help

November 2, 2024

The iconic restaurant chain TGI Fridays has sought bankruptcy protection. This move comes after the company faced significant financial struggles due to the COVID-19 pandemic and its capital structure. The Dallas-based chain filed for Chapter 11 bankruptcy in a Texas federal court on Saturday. The

crypto

Former FTX Engineer Avoids Jail Time for Helping Catch Bankman-Fried

November 1, 2024

In New York, a former FTX executive named Nishad Singh was spared a prison sentence on Wednesday. The federal judge commended Singh's significant cooperation in exposing the multibillion-dollar fraud orchestrated by FTX's founder, Sam Bankman-Fried. Singh, who was the company's engineering director,

crypto

Nishad Singh’s Short Sentence: A Story of Limited Involvement

October 31, 2024

Nishad Singh, the former head of engineering at FTX, received no jail time and three years of supervised release on Wednesday. Instead of the maximum 75 years, he was ordered to forfeit $11 billion. Judge Lewis Kaplan praised Singh’s cooperation with the government, noting it was “remarkable. ” Sing