Sbi mutual fund sip

Share to Twitter Share to Linkedin What happened with SVB, and what is happening with banks? On March 10, the Federal Deposit Insurance Corporation (FDIC) closed Silicon Valley Bank (SVB) and Signature Bank. You may have seen that investors are concerned about First Republic Bank, and that UBS has acquired Credit Suisse – a Swiss bank. The failures of SVB and Signature (and current concerns about banks generally) illustrate a fundamental banking problem – a mismatch of expectations between bank depositors and bankers. Depositors want to be sure that their money is safe (as safe as money in the bank!). They subconsciously think that their bank is holding their money for them, when in fact they have lent their money to their bank. Bankers earn profits by relending their customer’s deposits. However, bankers do not say to depositors, “we earn profits by lending (and taking risks with) your deposits.” They simply announce the interest rate that they … [Read more...] about SVB, The Banks, The Economy, And The Market

MANILA, Philippines – The Home Development Mutual Fund (Pag-IBIG Fund) has decided to forgo its planned increase in member contributions for 2021 due to the pandemic’s economic hardships to provide financial relief to Filipinos. Jack Jacinto, department manager for public media affairs of the Pag-IBIG Fund, on Friday said the planned increase in the contribution rates of its members and their employers from P100 to P150 will be deferred for the third time. “Batid natin na patuloy na nag-re-recover ang ating mga miyembro, pati na rin ang ating business community, mula sa epekto ng pandemya at alinsunod na rin sa direktiba ng Pangulong [Ferdinand] Bongbong Marcos Jr. na bigyan ng financial relief ang ating mga kababayan, patuloy nating ipagpapaliban ngayong taong 2023 ang pagtaas ng kontribusyon ng ating mga miyembro at ng kanilang mga employer,” he said in a Laging Handa public briefing. (We recognize that our members and the business community are still recovering from the … [Read more...] about Pag-IBIG members get financial reprieve in 2023 as contribution hike is suspended

Share to Twitter Share to Linkedin Topline Rep. David Trone (D-Md.) sold between $450,007 and $1 million in bonds from major U.S. banks last month, shortly before the second- and third-largest bank failures in U.S. history stirred up turmoil in the nation’s banking sector, according to a new filing . Key Facts Trone sold the fixed income securities from Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo on February 16. That was roughly three weeks before confidence in the banking industry crashed as Silicon Valley Bank and Signature Bank failed and concerns mounted about how large banks’ involvement in the run largely targeting regional banks could spread the contagion. Trone—who sits on Congress’ joint economic committee and the House appropriations committee—has no added “insight into the financial markets” from his committee membership and the transactions were “unaffected by the stock market’s behavior” and the … [Read more...] about Rep. Trone Offloaded Bank Bonds Worth Up To $1 Million In Weeks Before Banking Crisis

Share to Twitter Share to Linkedin bench·mark: to evaluate or check by comparison with a standard. /ˈben(t)SHmärk/ verb — gerund or present participle: benchmarking example: “we are benchmarking our performance against external criteria” The entrepreneurial community sometimes views the corporate fascination with benchmarking as a symptom of large company conservatism: when you don’t know what to do, check to see what your peers are doing instead of trying something new. Benchmarking is often dismissed as “paralysis by analysis” hated by fast-moving startup CEOs and institutional VCs. But benchmarking against best practices occurs for good reason. Over time, best practices emerge based on the experience of what actions led to successful outcomes. This is especially important in a field where there is little to no formal education, no certifications, and relatively distant regulatory agencies. In real estate, law, or … [Read more...] about The Importance Of Benchmarking