Commerce

This Week in DeFi – February 5

To the DeFi community, This week in DeFi, Alpha Homora and Balance rolled out V2 protocol upgrades, adding new ways to leverage the composability of DeFi silver legos and increase capital efficiency, as ETH reaches new all-time highs and levels of approaching gas costs not seen since DeFi’s summer 2020. …

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NatWest Kovid is at a loss on loans, but pays dividends

NOT ATiWest lost $ 351 million this year as a taxpayer-owned bank got stuck in a weak economy and a home-based business. The loss compares to $ 4.2 billion in profits last time around, mostly due to the cancellation of $ 3.2 billion in debt, which they fear will not …

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Dubai partner “very happy” with Trump Org despite Capitol chaos

FILE PHOTO: Hussain Sajwani, Founder and Chairman of DAMAC Properties in Dubai poses for the camera during an interview with Reuters in his Dubai office, August 30, 2017. REUTERS / Saeed Azhar DUBAI (Reuters) – Donald Trump’s business partner in Dubai said on Wednesday he wanted to expand their trade …

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Italian government will assess whether a single network project is still feasible (Minister)

ROME, Reuters FILE PHOTO: Italian Minister of Economic Development Giancarlo Giorgetti attends a Senate debate ahead of a vote of confidence for the government, in Rome, Italy, February 17, 2021. Andrew Medichini / Pool via REUTERS Giorgetti’s comments, during a parliamentary hearing on Wednesday, raised doubts about a long-delayed plan …

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NYDFS Reports Major Cybersecurity Settlement | Alston & Bird

In early March, the New York Department of Financial Services (NYDFS) announcement a settlement involving a $ 1.5 million penalty and mandatory corrective actions in response to a mortgage lender’s alleged failure to report a cyber breach and other alleged cybersecurity failures. This enforcement action marks the second public enforcement …

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WFG Enterprise Solutions’ DecisionPoint Improves Lender Pipeline Management to Increase Efficiency and Conversion Rates

It is estimated that 50% of deals do not close, which means that the time lenders spend on these deals could be better spent elsewhere. DecisionPoint, an automated title decision tool from WFG Lender Services, aims to improve this conversion rate. DecisionPoint analyzes real estate charges and the circumstances of …

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Lender agrees to pay $ 15.06 million to resolve allegations

According to US Department of Justice, Guaranteed Rate Inc. agreed to pay $ 15.06 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989. The report states that the company knowingly violated program requirements when it purchased and …

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Jaiprakash Associates lenders relaunch restructuring plan and hope for resolution outside IBC within a month

A consortium of lenders led by ICICI Bank is finalizing a resolution plan for Jaiprakash Associates Limited (JAL) indebted outside the bankruptcy process, and hopes to submit it to the Reserve Bank for approval within a month. , said three people in the know. CNBC-TV18. According to those in the …

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German city calls on Berlin to take responsibility for any loss of Greensill Bank

FRANKFURT (Reuters) – The German city of Osnabrück fears it will lose 14 million euros ($ 17 million) invested with Greensill Bank after the country’s financial regulator this week warned of an “imminent risk” to the lender. FILE PHOTO: The Greensill Bank logo is pictured in downtown Bremen, Germany July …

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False statements require ‘active judgment’ – guesswork is not enough (Leeds City Council et al. V Barclays)

This article was first published by LexisNexis. The court struck out fraudulent misrepresentation claims filed by Leeds City Council and others against Barclays in connection with the ‘2012 LIBOR rig case ‘. In Leeds City Council et al v Barclays Bank plc et al [2021] EWHC 363 (Comm), the court …

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