FCA business plan focuses on Consumer Duty implementation Isna, July 6, 2024 The FCA has prioritized the protection of consumers and the promotion of effective competition within the financial services industry in its Business Plan 2024/25published today (19 March 2024). In the document, the regulator explained that it would continue to test higher standards for regulated firms by embedding the Consumer Duty and “take action where appropriate” to ensure market integrity. Nikhil Rathi, the regulator’s chief executive, added: ”We’ve already made significant progress in delivering towards the bold vision we set out in our strategy two years ago, including the game-changing introduction of the Consumer Duty and proposing the most far-reaching … Continue Reading
Over half of small and medium businesses plan to increase prices in next 12 months Isna, July 5, 2024 Photo: Small and medium sized businesses (SMEs) are feeling more upbeat about their own and the economy’s outlook, although a slight tone of pessimism still pervades amid rising costs. The latest look at the sector by accounting software company MYOB showed a net 3 percent think the economy will get worse before it improves, which compared to last year’s 53 percent pessimism level. MYOB general manager Emma Fawcett said sentiment was still having to contend with familiar headwinds. “The cost-of-living, inflation and interest rates, followed by changes in consumer confidence or spending, and the cost of fuel and transport, are … Continue Reading
Whidbey woman starts a flock of her own Isna, July 4, 2024 Three years after her graduation, one Organic Farm School alum is finally turning her business plan into a feathery reality. Lifelong chicken lover Maria Converse attended the educational institution in the Maxwelton Valley in 2020 as part of what she fondly refers to as “the COVID class.” The oldest in her class, Converse became interested in farming following her retirement from a 20-year career as a pilot. As part of their education at the Organic Farm School, students prepare and present a farm business plan. Converse’s idea consisted of an egg-laying operation, in which free-range hens could happily produce a … Continue Reading
NYCB takes more action as CEO works on a new business plan Isna, July 3, 2024 Sheila Bair talks about the crisis at New York Community Bank on ‘The Claman Countdown.’ The incoming CEO of New York Community Bank (NYCB) said Thursday he’s working on a new business plan after the beleaguered bank received a $1 billion lifeline from investors Wednesday. He also announced its second dividend cut this year and revealed a 7% decline in deposits. Joseph Otting, former controller of the currency for the Trump administration, was named NYCB’s CEO yesterday as the bank received a $1 billion equity infusion from a group of investors that included former Treasury Secretary Steven Mnuchin’s Liberty Strategic … Continue Reading
Thames Water warns over 44% bill hike under new business plans Isna, July 2, 2024 Troubled Thames Water has put forward new plans to boost spending and investment in its network, but warned this could see customer bills surge by 44%. The group, which is battling to survive amid a funding crisis, has proposed increasing spending by £1.1 billion and revealed another potential £1.9 billion investment in its network as part of new business plans to regulator Ofwat. The firm – Britain’s biggest water firm, with 16 million customers in London and the Thames Valley region – said its new business plan for the five years to 2030 would see spending rise to £19.8 billion, … Continue Reading
Public sector banks told to spell out 3-year business plans by March-end Isna, July 1, 2024 The government has directed state-owned banks to submit their business plans until 2026-27 by the end of this month, said, adding that these plans will be assessed on a quarterly basis by the government-nominated directors on the boards of the banks .The business plans will cover strategies to increase low-cost deposits, raise capital, resolve bad loans, improve cybersecurity and undertake financial inclusion outreach, said a senior government official. “In addition to the quarterly review by the government nominee, there will be mid-year and annual reviews by the finance ministry to assess the performance of the lenders and ensure corrective … Continue Reading
Business Plan 2024-25: a critical year for children’s rights Isna, June 30, 2024 I am now halfway through my term as Children’s Commissioner, and this coming year will be a critical juncture for children’s rights. There will be a general election, and a new government – whichever party or parties form it – will have a new mandate to set out an ambitious vision for what childhood can be, and for putting children’s rights at their hearts. That’s why in September 2023, I launched The Big Ambition to hear directly from children, young people, and parents across the country. I wanted to hear about what they wanted for the future, their hopes, dreams, … Continue Reading
“The Leading Sustainable and Regional Bank” by 2026 Isna, June 29, 2024 February 1, 2024 Bangkok (1 February 2024) – Krungsri (Bank of Ayudhya PCL and its business units), a member of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial groups, announced its new Medium-Term Business Plan (MTBP) covering 2024-2026 with an aspiration to be The Leading Sustainable and Regional Bank. Krungsri prioritizes three key focuses: enhancing its dedication to sustainable banking practices, connecting its strong ASEAN presence and MUFG network to serve domestic and international markets, and growing its core business. Mr Kenichi Yamato, Krungsri President and Chief Executive Officersaid, “Last year marked the 10thth anniversary … Continue Reading