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Barclays has reported lower profits for the start of the year, as mortgage lending and deposits dipped and its investment bank was squeezed amid prevailing economic uncertainty.
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Brexiteers destroyed Britain’s future, says former Bank of England governorSource: CPAC
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A real-life drama is brewing in the idyllic village which inspired The Archers in a row over \
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The Bank of Japan kept its policy rate unchanged at 0% to 0.1% after its monetary policy meeting. This comes after Tokyo's April inflation was lower than expected at 1.6% versus estimates of 2.2%. The BOJ will continue bond purchases in line with its March decision of around $83 billion monthly. The yen weakened further against the dollar after the decision, trading around 156 yen to the dollar. BOJ Governor said exchange rate volatility could significantly impact the economy and prices.
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The Reserve Bank of Australia is seeking public input from March 1 to April 30, 2024 for the new $5 note design which will celebrate First Nations history and culture, and be without a portrait.
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Rhino Onward International, or ROI as it called itself, launched in 2022 with some big promises. The renewables development firm claimed that its “proprietary process and technology” put it in position “to assume the leading role in Green Hydrogen production.” The company said it was building a green hydrogen plant in Arizona that would be worth about $530 million within 5 years, according to marketing materials it shared with investors.<br/><br/>ROI raised $31 million from over 200 investors but apparently only invested $200,000 in the business; the firm’s promoters Paul Croft and J.D. Frost diverted the rest of the investors’ money to themselves and entities they control, according to an investor lawsuit filed in Illinois last month, which cited bank records obtained through subpoenas. Beginning in 2021 until last year, Croft, a 42-year-old entrepreneur living in Chicago, and Frost, a 40-year-old accountant based in Chattanooga, Tennessee, raised approximately $46 million from a series of phony renewables investment schemes, which the pair used to live extravagantly, pay employees at their tax advisory business, pay down short-term loans and even lend money to embattled professional hockey player Robin Lehner, according to allegations in lawsuits, bankruptcy filings, former investors and ex-employees of Croft’s and Frost’s businesses who spoke with Forbes on the record, and others with knowledge of the matter who spoke on the condition of anonymity in order to speak about sensitive information.<br/><br/>0:00 Introduction<br/>0:28 The Founding Of Rhino Onward International<br/>3:34 Who Was Scammed By Croft And Frost?<br/>6:11 Who Are Croft And Frost?<br/>9:21 When Did Investors Figure Out The Scam?<br/>12:17 Embellishing Wealth And Origin Stories<br/>14:26 What's Next?<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/04/23/anatomy-of-a-46-million-renewable-energy-swindle/?sh=767c07c23c4b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Rail passengers in Birmingham are set to face disruptions during the May Bank Holiday week as members of the ASLEF union plan to strike. We'll be taking a look at which services will be affected and what passengers should do to alleviate any disturbance.
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- Buying opportunity in #KotakMahindraBank?<br/>- #Sensex, #Nifty little changed<br/><br/><br/>Get all your stock-related queries answered by our technical and fundamental guests with Alex Mathew and Smriti Chaudhary on Ask Profit. #NDTVProfitLive
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Tenby Town Council are pushing forward with plans to develop a venue’s vacant cafe into a ‘Community Hub’.<br/>Plans for what will feature at the hub, which will occupy the empty premises at the front of the De Valence Pavilion on Upper Frog Street, are sketchy, but the Town Clerk has said that the planned facility will introduce some essential services for the community.<br/>In the Town Council’s annual report for 2023/24 under the ‘plans for the future’ banner, it states that one of the key focuses will be on delivering a ‘front facing office’ to meet the needs of the community.<br/>As part of this plan, the Town Council has been progressing plans to make its own office more accessible by relocating within the existing De Valence building, by creating a welcoming community hub.<br/>Details have been sketchy over what exactly the hub will feature, with recent discussions involving councillors and representatives from the De Valence CIC trust being taken behind closed doors, due to the ‘disclosure of commercially sensitive information’ according to the Town Council’s recent agendas.<br/>The Town Clerk Andrew Davies told the Observer: “The council have been working closely with social and commercial partners to provide a multi-purpose Community Hub that will benefit both residents and visitors to Tenby. <br/>“This initiative will provide better public access to council staff, improved public and working space and some additional essential services for the Town.<br/>“Plans are at a mature but sensitive stage at the moment and final agreements have not yet been completed. Until then it is in the interests of all partners that details remain embargoed. <br/>“However, rest assured that the Council are working hard to close negotiations as quickly as practicable and look forward to providing you and the public with more details in the near future. <br/>“We cannot provide you with a more accurate timeline at the moment as we are beholden to various solicitors for the completion of legal drafting.”<br/>Speculation has mounted that the new hub could include some form of banking services for the seaside town, after the news that the last bank in Tenby HSBC would be closing, with a confirmation date now given as August.<br/>County councillor for the South ward Cllr Sam Skyrme-Blackhall announced over a year ago now that she was in ‘discussions’ that could lead to new banking services for Tenby.<br/>She said revealed at the time that talks were ‘ongoing’ - but the scheme she said was ‘backed by a major player in the market’ could see a new service open in Tenby that would also provide access to cash and deposit services for businesses and new banking services for the whole community. <br/>Since then however Tenby Post Office has stepped-up to fill the banking void for the town, offering a comprehensive list of vital business and personal banking services available to the community, seven-days-a-week.<br/>The De Valence cafe has been unoccupied since a Caribbean eatery left the premises last year.
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BANK NIFTY PREDICTION FOR TOMORROW | BANK NIFTY TECHNICAL CHART ANALYSIS | TARGET FOR NEXT WEEK
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Former RBI ED Explains RBI's Action Against Kotak Mahindra Bank | NDTV Profit from sonali bank dakati
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Rustington branch of Natwest is set to close in July
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