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Newcastle United thrash Sheffield United 8-0 in an epic Premier League match

A historic night for the Magpies Newcastle United fans were treated to a spectacular display of attacking football as their team demolished Sheffield United 8-0 at St James’ Park on Saturday. The Magpies scored four goals in each half, with Callum Wilson netting a hat-trick and Allan Saint-Maximin adding a brace. Miguel Almiron, Joe Willock and Jamal Lewis also got on the scoresheet as Newcastle recorded their biggest ever Premier…

BYU football’s one-handed catches stun the nation

The BYU Cougars have been making headlines with their impressive wins over ranked opponents, but their wide receivers have also been catching the attention of the nation with their spectacular one-handed grabs. Chase Roberts’ touchdown catch goes viral One of the most memorable moments from BYU’s 27-17 win over Arkansas on Saturday was sophomore wide receiver Chase Roberts’ dramatic one-handed touchdown catch in the corner of the end zone. The…

How Billy Wiles became a starting quarterback in college football

Billy Wiles is the starting quarterback for the Southern Miss Golden Eagles, but his journey to this position was not a typical one. Wiles, who transferred from Clemson in December 2023, had to overcome several challenges and make some tough decisions along the way. Here is his story of how he became a college football starter. A walk-on at Clemson Wiles was a star quarterback at Stone Bridge High School…

Fernando Lelo: A Visionary Investor in Clean Energy

Fernando Lelo, the CEO of Rumbo Ventures, is a prominent figure in the clean energy sector. He is passionate about supporting entrepreneurs who are developing innovative technologies to reduce greenhouse gas emissions and create a more sustainable future. In this article, we will explore his background, his investment philosophy, and some of his portfolio companies. From Economist to Entrepreneur Fernando Lelo has a distinguished academic background. He graduated from the…

Swiss National Bank expands liquidity support for banks amid rising risks

The Swiss National Bank (SNB) announced on Thursday that it will provide funds secured against mortgages to all commercial banks, expanding liquidity provision to the sector. The move is aimed at enhancing financial stability and the resilience of the banking system in the face of potential risks, such as general uncertainty in the banking sector or cyber attacks on individual lenders. SNB Vice Chairman explains the initiative SNB Vice Chairman…

Deutsche Bank expects lower trading revenue in Q3 amid market slowdown

FIC business to normalize after strong performance in 2020 Deutsche Bank, Germany’s largest lender, said on Thursday that it expects a “normalization” of its fixed income and currency (FIC) trading business in the third quarter of 2023, after a strong performance in the same period last year. The FIC business makes up a big chunk of the investment banking revenue at Deutsche Bank. The bank’s finance chief James von Moltke…

SBP Approves Five New Digital Banks to Boost Financial Inclusion

The State Bank of Pakistan (SBP) has granted in-principle approval to five digital retail banks (DRBs) to operate in the country. These are HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank Pakistan Limited, Raqami Islamic Digital Bank Limited, and Telenor Microfinance Bank Limited. The move is aimed at fostering innovation, financial inclusion, and availability of affordable digital financial services for the citizens of Pakistan. SBP Governor Awards IPAs to Proposed…

SBP Gives Green Light to Five New Digital Banks in Pakistan

The State Bank of Pakistan (SBP) has granted in-principle approval (IPA) to five digital banks to operate in the country, aiming to promote financial inclusion and innovation through digital financial services. The five proposed digital banks are HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank Pakistan Limited, Raqami Islamic Digital Bank Limited, and Telenor Microfinance Bank Limited. What is an IPA and why is it important? An IPA is a…

HKMA Bans Crypto Firms from Using Banking Terms to Mislead Public

The Hong Kong Monetary Authority (HKMA) has issued a warning to crypto firms that are using banking terms to describe their services or products, saying that they may be breaking the law and misleading the public. Crypto firms are not banks in Hong Kong The HKMA said that it has noticed some crypto firms using terms such as “crypto bank”, “crypto asset bank”, “digital asset bank”, “digital bank” or “digital…

Big four banks face scrutiny over profits and competition in New Zealand

New Zealand’s government has announced a market study into the banking sector, which is dominated by four Australian-owned banks. The study will examine the profitability, competition and innovation of the banks, and whether they are serving the best interests of consumers. Why is the government concerned about the banking sector? The government said it has long-standing concerns that the market is not working well for New Zealanders. It cited the…