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The Federal Deposit Insurance Corporation yesterday proposed requiring banks to disclose more detailed information about their use of brokered deposits to ensure their safety and soundness. Brokered deposits – high-value funds that banks obtain through third-party intermediaries or brokers – are a source of concern for regulators as they are more interest rate sensitive and less stable than deposits from retail customers. A lender’s risk profile is often increased by brokered deposits, which can encourage rapid growth in risk assets. In a statement accompanying the proposal, FDIC Chairman Martin J. He said the potential losses would be even greater. The…

This holiday season, consider giving a gift that may last a lifetime: the gift of financial wisdom. The latest gadgets may bring temporary joy, but knowledge of how to build and maintain wealth can provide financial independence for generations. When we think back to Charlie Munger, the investment legend who passed away last year, just shy of his 100th birthday, we are reminded that true wealth is not just money, but the wisdom to use it wisely. Masu. Building on the tradition of the 12 Days of Christmas, starting on December 13th, count down to Christmas Day with one book…

Important points In a recent survey, 50% of retired women said their retirement benefits were higher than they expected. Almost half (46%) of retired women said they retired earlier than planned, but this can have a negative impact on women’s finances as women typically live longer. Men: Due to the decline in pensions, more and more people are having to save their own funds for retirement. For many women, their retirement vision may be far from reality, especially when it comes to how much their retirement savings will cost. Half of the women surveyed in a recent study by CoreBridge…

The City of Cape Coral maintains a Class 5 rating under the National Flood Insurance Policy and is not subject to probation. Lee County also maintains its ranking. “This means Cape Coral residents and businesses will continue to receive a 25% discount on their NFIP flood insurance policies and continue to have access to FEMA assistance in the event of a disaster,” city officials said in a release. “We are proud to announce that the City of Cape Coral has maintained its Class 5 rating and guaranteed residents and businesses a 25% discount on flood insurance,”…

FxTradingPro.io has emerged as a competitive choice in the world of CFD (Contracts for Difference) trading. The platform is built with features that cater to both beginners and experienced traders, offering a broad range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Platform Reliability and PerformanceFxTradingPro.io ensures reliable uptime, which is crucial in the fast-paced CFD trading world. The platform’s interface is user-friendly and responsive, providing traders with real-time data and tools for technical analysis. The integration of trading signals and charting tools offers a more comprehensive trading experience, which is particularly valuable for technical traders. Security MeasuresFxTradingPro.io…

Voters in several Charlotte-area counties were asked to approve nearly $1 billion worth of bond referendums, primarily targeting schools and neighboring counties in South Carolina. The largest of those bond votes, a $588 million bond proposal in Lancaster County, failed, according to unofficial results. Late Tuesday, votes were still being counted elsewhere.When a government or school district issues a bond, it’s similar to spending on a credit card or taking out a mortgage. The government sells bonds to borrow money, pay for the project, and then repays the bondholders (with interest) over the next few years. tax revenue.York School District…

Marge Glick: Especially since property taxes are so high. Hello, my name is Marge Glick. I live in Wilson. I am retired and 82 years old. I came out because I wanted to vote against Kamala Harris. Dante Filppula Ancuny / ColMarge Glick said she voted “No Kamala” and hopes the state Legislature will address high property taxes in the next legislative session. Alex Kusaia: Hello, I’m Alex Kusaia. I’m 24 years old. I’m originally from Jackson Hole and then I left, but now I’m Jackson Hole so I’m back here. So the biggest thing for me is to get…

JPMorgan Chase has begun legal action against customers who stole hundreds of thousands of dollars by exploiting a technical flaw that allowed them to deposit fraudulent checks and quickly withdraw large sums of cash from ATMs.The “infinite money” glitch went viral on TikTok and other social media platforms in late August, allowing people to deposit a check and then immediately withdraw their “free” money before the check cleared. I could see what was going on.The bank filed suit Monday in three federal courts against two people and two companies who withdrew a combined total of about $662,000.”Fraud is a crime…

The 10-year U.S. Treasury yield continued to rise on Tuesday.The 10-year Treasury yield rose more than 4 basis points to 4.324%, its highest level since July 2024. Meanwhile, two-year U.S. Treasuries rose about 3 basis points to 4.131%.Yields move inversely with prices. 1 basis point equals 0.01%.The 10-year U.S. Treasury yield hit a three-month high of more than 4.25% on Wednesday, before ending the week slightly lower.Although data was slow on Monday, traders are keeping an eye on new jobs and consumer confidence data this week ahead of the Nov. 5 U.S. presidential election.Investors will also continue to digest a…

The University of Minnesota’s Good Neighbor Fund has been in existence for 17 years and remains a means for the university to support neighborhood organizations in their neighborhood beautification efforts.Melisa López-Franzen, the university’s executive director of government and community relations, said local neighborhood and business groups are eligible to apply for funding and need to follow a few simple steps to do so. That’s what it means.Franzen said in a statement that the Good Neighbor Fund created the stadium, which was eventually named Huntington Bank Stadium, in 2007 with a state grant out of concerns about how it would impact…