Why Every Finance Professional Needs a Degree in Big Data

Weil’s Views on Finance

University graduate programs in operations research with heavy statistical analytics courses are an ideal source for the needed expertise. But they are far too small to fill the growing gap. Most companies are going to have to make a commitment to training their own talent. Virtually all business schools require students to take at least one business statistics class and many are adding more courses in analytics, but what better place to start training than within finance organizations? Numerically-literate employees are the best candidates for training.

Growth will be better than last year’s 5%: Finance Minister P Chidambaram

The campaign to install Larry Summers as Fed chairman is looking shakier by the day Hes a Rubinite and a Citigroup consultant with a history of protecting Wall Street. (Whats there not to like!) Richard Durbin of Illinois, the Senates second-ranking Democrat, says in an interview with Bloomberg News that he would have a lot of questions if President Barack Obama picks Summers to replace Ben Bernanke as Federal Reserve chairman. Durbin is among the 19 Democrats and one independent who signed a letter urging Obama to choose Fed Vice Chairman Janet Yellen for the post. The New York Times in an editorial says Summers is not the best person for the job. A solid nominee wouldnt polarize the Senate, much less the presidents own party. So what does Summers think about quantitative easing anyway?

In my meetings with stalled project promoters, new commercial operation date (COD) have been set and in many cases the new COD has been achieved. How much of a dampener has been the global economic development? It was totally unexpected. With so many ifs and buts, Mr Bernanke need not have made that statement (on ending quantitative easing).

Wielding Finance, Innovation And Policy To Make An Impact In Climate Change

Developed countries and policy tools like the Green Climate Fund will play a critical catalytic role in financing green, climate friendly growth. Public financing need to be designed with private finance mobilization in mind blending small amounts of public funds with the flexibility and accountability that will create investor confidence, make for attractive investments, and ensure maximum impact for the public finance that is allocated. We have learned from the Climate Investment Funds (CIFs) and other tools how to blend public and private finance effectively, and now need to build the GCF and other solutions with these lessons in mind. What character and approach do you think new institutions in this space will need to take in order to be effective, both as investors and as part of the international community?

GE Capital Retail Finance Celebrates 80 Years of Consumer Financing

Last September, the government permitted foreign supermarkets in India by allowing up to 51 per cent FDI, subject to government approval. The cabinet is set to review FDI norms in multi-brand retail on Thursday. On July 24, commenting on the cabinet note moved by the Department of Industrial Policy & Promotion (DIPP), the finance ministry proposed that FDI up to 49 per cent is allowed on automatic route. The DIPP has declined to tweak the cabinet proposal saying this was not on the agenda of the July 16 meeting chaired by the Prime Minister, at which fresh FDI limits were decided. It was also not part of the suggestions put forward by the Arvind Mayaram committee.

Finance moots 49% multi-brand retail FDI by automatic route

Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

Why Every Finance Professional Needs a Degree in Big Data

Serbian PM moves to oust finance minister, risking election

McKinsey & Co . estimates that by 2018 there will be up to 190,000 unfilled data-scientist jobs in theU.S. and an unfilled need for 1.5 million managers with analytical skills they can apply to their line jobs. That skills shortage emerges in many pockets of business.

Those are the ones to whom were about to say, sorry the windows closed. Let them eat rent, says John Taylor, president of the National Community Reinvestment Coalition, of Hensarlings proposal. Do people in his district pay any attention to what hes doing? Because hes basically advocating for homeownership for the rich only. The National Association of Home Builders, who are interested in ensuring that as many people can buy new homes as possible, shares consumer advocates concerns . By simultaneously leaving all federal support for housing to FHA, and then by greatly reducing the overall scope and reach of FHAs programs, the PATH Act would greatly limit homeownership and rental housing opportunities for many financially responsible and qualified Americans, said CEO Jerry Howard.

A quick-and-dirty guide to the housing finance reform battle

He led an unpopular budget reform process this year, trying to stabilize Serbia’s finances and pull the economy out of recession. Analysts say he would have taken a harder line in cutting public sector wages and pensions, but was reined in by Dacic’s Socialists who were strongly against. On Sunday, Dinkic offered to give up his economy portfolio as part of a cabinet reshuffle, but retain the position of finance minister. Dacic said the offer fell short. “Economy and finance are the most important issues for the future of Serbia and we need an additional impetus here,” he said.

Sundaram Finance Q1 Net jumps 22.3 pc to Rs 115.99 crore

Democrats File Complaint Over Stanzione’s Campaign Finance…

The Chennai-headquartered company had reported a net profit at Rs 94.81 crore in the corresponding period of the previous year, Sundaram Finance said in a statement. Source: PTI Like this story, share it with millions of investors on M3 Sundaram Finance Q1 Net jumps 22.3 pc to Rs 115.99 crore Non-banking finance company Sundaram Finance has reported a 22.3-percent increase in net profit for the first quarter ended June 30 to Rs 115.99 crore. The Chennai-headquartered company had reported a net profit at Rs 94.81 crore in the corresponding period of the previous year, Sundaram Finance said in a statement. Post your opinion here Like this story, share it with millions of investors on M3 Sundaram Finance Q1 Net jumps 22.3 pc to Rs 115.99 crore Non-banking finance company Sundaram Finance has reported a 22.3-percent increase in net profit for the first quarter ended June 30 to Rs 115.99 crore.

Related Topics Automotive News July 29, 2013 – 2:15 pm ET LOS ANGELES George Borst, who led Lexus through the endaka currency exchange crisis of the mid-1990s and who has been CEO of Toyota Financial Services for the past 13 years, announced his retirement from Toyota today. Borst will stay with the U.S. credit and insurance arm through the end of September, he told a meeting of top Toyota and Lexus dealers. He will turn 65 on Sept. 2.

Borst will retire as Toyota finance chief

“Even if the ads were donated, they would have to be reported as contributions in-kind and the donors name disclosed.” By phone Monday afternoon, Stanzione acknowledged an issue with his latest finance report and said he paid for the ads with personal funds as a loan to his campaign, he said. A professional treasurer, whom he recently hired, with the firm Campaigns Unlimited brought the problem to his attention about a week ago, he said, after reviewing the report. The firm is making the appropriate adjustments, he said. “My bad. I’m not a campaign finance professional that’s why I now have a professional handling the committee’s filings and finances,” Stanzione said, adding that he is no longer the treasurer.

Simon Hamilton appointed new finance minister

The move was announced by DUP leader and first minister, Peter Robinson, on Monday. The change had been expected because of a forthcoming ban on double jobbing at Westminster and Stormont. Mr Robinson said that in two years Mr Wilson would have to choose between the assembly and Westminster. Should he decide to stay in the assembly Mr Wilson would be a “high priority” for consideration as a minister again in the future, Mr Robinson added.

Serb Leaders to Discuss If Finance Chief Stays in Cabinet

For more information, visit http://www.gecapital.com or follow company news via Twitter @GECapital . GE ( GE ) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world.

GE Capital Retail Finance Celebrates 80 Years of Consumer Financing

Talks are over for the day, Milivoje Mihajlovic, a spokesman for the government, said by phone from Belgrade late yesterday, adding that talks would resume at noon today. Mihajlovic spoke after a meeting of Dacic, his deputy Aleksandar Vucic, and Finance and Economy Minister Mladjan Dinkic . Before the meeting started, Dacic said theyd discuss personnel changes and a change in the approach to finance and economic policy making, according to Tanjug newswire. Dacics Socialist party agreed July 26 to make changes. Dinkic said on July 28 that he would be willing to split his cabinet portfolio and remain finance minister while creating a separate Economy Ministry controlled by Vucics Serbian Progressive Party.

D.C.’s campaign finance laws need reforming

Serb Leaders to Discuss If Finance Chief Stays in Cabinet

Incredibly, its likely that any violations will go largely unpunished because of an enforcement system that lacks teeth or real penalties. Mr. Browns 2008 campaign was fined $53,400 in a little-noticed action June 13 by the D.C. Board of Elections.

But it doesnt necessarily mean that they would be efficient. Yields on Serbian 10-year Eurobonds maturing in 2021 rose to 6.461 percent today from 4.468 percent on May 9, the lowest since the bond was sold in 2011, according to data compiled by Bloomberg. Dinkic Experience Dinkic, who has held the posts of central bank governor, finance minister and economy minister in various governments since the ouster of former strongman Slobodan Milosevic in 2000, was forced to step down in February 2011, after questioning the authority of then-Premier Mirko Cvetkovic. Dacics cabinet took office in July 2012, after the Socialists, once led by Milosevic, together with Vucic and Dinkic garnered a combined 131 seats in the 250-member parliament. The coalition has promised to continue the Balkan countrys fiscal consolidation, resume talks with the International Monetary Fund and the World Bank and integrate faster into the European Union.

German Finance Minister rejects second writedown of Greek debt

NSW premier says finance minister is safe

Wolfgang Schaeuble told weekly Bild am Sonntag in an interview that Greece would continue to receive support beyond 2014 if needed and provided the country meets the demands of international creditors. Schaeuble was quoted as saying “it’s certain, however, that there will be no second debt writedown for Athens.” Extracts of the interview, to be published Sunday, July 28, were released by the paper Saturday and confirmed by the Finance Ministry. With Germany’s general election two months away, Chancellor Angela Merkel’s conservative government has been at pains to appear firm on Greece’s international bailout, which is unpopular with many Germans. Last year Greece’s debt was restructured with private-sector bondholders.

“I’ve had events in regional areas that have finished late at night and sometimes it is more convenient, particularly depending on where you’re starting the next day, to stay in regional areas.” Mr Pearce has recently returned to work following a month’s stress leave in June after he was found to have misused travel entitlements. He was also escorted from parliament for being drunk in late May. Opposition Leader John Robertson says Mr Pearce has the premier’s protection because of his close relationship with Liberal powerbroker Michael Photios. “That’s the only thing standing between Greg Pearce and the door,” he told reporters in Sydney.

Yarmouth finance department could see reorganization

That failure, he said, was due more to the evolving nature of the position than to any shortcomings of the candidates. They would provide certain strengths, Hinchey said, but not the strengths wed like. Hinchey explained that the job of overseeing the various complex facets of a municipalitys finances has become increasingly technological, with expertise with complicated computer software a growing requirement of the position. Town bylaws currently stipulate that the finance director is also Yarmouths head accountant, leading to a growing confusion of duties, with a single individual being required to have great technical expertise in the minutiae of both software and numbers-crunching. Hincheys proposed fix is to separate the positions of finance director and town accountant, which would allow the town to select from two distinct pools of specialists, rather than trying to find a single person who could handle both.

D.C.’s campaign finance laws need reforming

Both efforts seem to have been rife with infractions of the rules on collecting and spending money. Incredibly, its likely that any violations will go largely unpunished because of an enforcement system that lacks teeth or real penalties. Mr. Browns 2008 campaign was fined $53,400 in a little-noticed action June 13 by the D.C. Board of Elections.

How Finance Fueled Students’ And Nonprofit’s Future

Finance Ministry may allow 5 pvt funds to manage pensions of govt staff

Far from passive idealism, students are increasingly concerned about doing something meaningful with their careers, including those who study finance.Theyre demanding to learn the principles of social impact, gain experience through internships and case studies, and even embed impactinvesting in their universities endowment policies. And, thoughinternships with large financial firms help to expose students to the field as well as enhance resumes, an internship with a firm that focuses on impact investment can be equally advantageous. The four of us are thrilled to be working for RSF Social Finance , a San Francisco-based impact investment firm that offers a different, and for us a more personally satisfying, experience. At the AshokaU Exchange in February 2013, we met Ted Levinson, Director of Lending atRSF Social Finance, and convinced him to give us the opportunity to gain experience in this innovative field.

Private sector pension corpus is managed by 8 players including three fund managers who manages the government employees’ corpus. The other five players are HDFC Pension Management Company Ltd, ICICI Prudential Pension Funds Management Company Ltd, Kotak Mahindra Pension Fund Ltd, Reliance Capital Pension Fund Ltd and DSP BlackRock Pension Fund Managers Pvt Ltd. The National Pension Scheme (NPS), which was introduced by the Central Government in January 2004 for its new entrants and subsequently extended to the private sector in May 2009, has accumulated a corpus of Rs 33,000 crore (as of March 2013) contributed by 50 lakhs subscribers. Last fiscal, the pension scheme for other than government employee with investment focus on corporate debt generated return of 14.19 per cent while investment in government debt earned 13.52 per cent.

Muthoot Finance profit drops 21% on loan growth stagnation

Report: German finance minister insists there will be no 2nd debt writedown for Greece

Total income declined to Rs 1,285.79 crore during the quarter from Rs 1,293.78 crore a year ago. The year-on-year decline in profits during the quarter was on account of stagnation in loan growth and lower yield on liquidated loan accounts, Managing Director George Alexander Muthoot said in a statement. Reuters Expenses were high on account of lenders continuing higher level of interest and administrative expenses going up with the addition of branches in the past one year, he said. The companys retail loan assets under management stood at Rs 25,848 crore as of June 30. Muthoot Finance, the Kochi-based gold financing and non-deposit taking NBFC (Non-Banking Finance Company), said it has applied to the Reserve Bank for a banking licence.

Reuters

News reporters and editors never contribute to editorial board discussions, and editorial board members dont have any role in news coverage. Editorial Board The Districts deal for a new soccer stadium is complicated and very promising. The board deferred action after referring the matter to the U.S. attorneys office. That investigation resulted in Mr.

D.C.’s campaign finance laws need reforming

Steven Mufson Agency agreed to not pursue charges beyond a misdemeanor in return for cooperation. But investors on Friday shrugged off the settlement. More business news Schaeuble was quoted as saying its certain, however, that there will be no second debt writedown for Athens. Extracts of the interview, to be published Sunday, were released by the paper Saturday and confirmed by the Finance Ministry. With Germanys general election two months away, Chancellor Angela Merkels conservative government has been at pains to appear firm on Greeces international bailout, which is unpopular with many Germans. Last year Greeces debt was restructured with private-sector bondholders.

Personal finance lessons from the Detroit bankruptcy

Financial institutions were relatively stable and they could help industry to produce technological advances and economic development. Up until the 1960s, most Americans understood and accepted the importance of the federal government in helping to jumpstart innovation through things like defense and aerospace spending. Some of that money got channeled through universities, and some of it was directed to large corporations, which, like GE, could bring good things to life. But in recent decades, several monkey wrenches got thrown into this system, starting in the 1960s with the trend of conglomeration, in which corporate titans built empires that gobbled up scores and even hundreds of companies. In the 1970s, as inflation grew and the Japanese economy took off, Wall Street shifted from investing to trading, and later, in the 1980s, executives came to adopt a harmful ideology known as shareholder value, which held that shareholders are the only people who deserve returns from corporations forget about the taxpayers and the employees without whose support, sweat and risk such companies would not exist.

Event on Semantics in the Finance Industry To Be Held in New Brunswick, NJ

I had people relying on me not just myself, but my wife and my infant son. I needed to make sure that certain things were provided for them a roof over their head and food in their bellies, for starters. RECOMMENDED: Can you manage your money? A personal finance quiz.

Fri Jul 26, 2013 3:02pm EDT Event on Semantics in the Finance Industry To Be Held in New Brunswick, NJ Will feature discussions and case studies from industry leaders The Object Management Group (OMG) is pleased to announce that it will be hosting the informational event, Semantics in the Finance Industry, at its quarterly technical meeting in New Brunswick, NJ. The event will take place on Wednesday, September 25th at the Hyatt Regency hotel and will begin promptly at 9am ET. The all-day seminar will stress the importance of employing financial data semantics in business operations as well as spotlight case studies of multinational financial service corporations that have had great success using semantics. Sessions will include the talk Building and Sustaining an Enterprise-Wide Semantic Web Ecosystem by Suresh Nair, Chief Architect for Financial Services at MphasiS, as well as a case study presentation on Mastering Enterprise Metadata with Semantic Modeling.

D.C.’s campaign finance laws need reforming

Brown, are liable. Campaign finance reform legislation drafted by D.C. Attorney General Irvin B. Nathan would make the candidate responsible for the accuracy of filings with the Board of Elections and subject to financial penalties if there is a failure of due diligence.