Dinahs Doodles http://dinahsdoodles.com/ Wed, 29 Jun 2022 21:25:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://dinahsdoodles.com/wp-content/uploads/2021/04/cropped-icon-32x32.png Dinahs Doodles http://dinahsdoodles.com/ 32 32 Select merchants are now offering 4% Cash Daily with the Apple Card through July 31 https://dinahsdoodles.com/select-merchants-are-now-offering-4-cash-daily-with-the-apple-card-through-july-31/ Wed, 29 Jun 2022 21:14:16 +0000 https://dinahsdoodles.com/select-merchants-are-now-offering-4-cash-daily-with-the-apple-card-through-july-31/

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A number of merchants are now offering 4% Cash Back Every Day to all Apple Card customers on online or in-app purchases through the end of July.

According to the conditions published by Apple, the offer is only valid for a total cumulative spend of up to $3,000 at online or in-app stores at eight different stores.

  • StubHub
  • J-Crew
  • Yeti
  • Crocodile
  • petco
  • Ray-Ban
  • hotel tonight
  • fandango

For these merchants, all purchases less than the running total will deposit 4% of the cost to the Apple Cash card associated with the account. If an Apple Cash card is not available, it will be applied as a credit to the balance. Apple noted in the fine print that the offer does not apply to gift card purchases.

These stores cover a variety of different categories. StubHub and Fandango sell tickets to events and movies, respectively. J. Crew sells clothing for men, women and children.

Yeti offers high-quality audio recording equipment, while Crocs sells casual shoes. Petco offers pet food as well as animal services.

This is just the latest in a long line of promotions offered by Apple to its credit card users. In December 2021, new Apple Card customers received 5% Everyday Cash for the purchase of Apple products. Most recently, in April 2022, new users received $75 in daily cash after signing up and activating the credit card.

Contactless payments, mobile wallets in UCs https://dinahsdoodles.com/contactless-payments-mobile-wallets-in-ucs/ Wed, 29 Jun 2022 12:30:57 +0000 https://dinahsdoodles.com/contactless-payments-mobile-wallets-in-ucs/

PSCU - Credit Union Tracker - June/July 2022 - Explore CU's innovations in contactless cards, mobile wallets and other payment advances

The financial services industry has changed dramatically over the past 10 years as financial institutions (FIs) of all types have had to expand their product offerings to meet ever more technologically advanced consumer expectations. The shift to mobile wallets and contactless payments is one of the most recent examples, having received a major boost under the influence of the pandemic.

Digital transformation has changed the face of business forever, and while some FIs have quickly pivoted to adopt new technologies, credit unions (CUs) have often struggled to keep up with these developments. However, the needs and preferences of credit union members evolve with everyone else, which means that CUs must develop solutions to meet these short- and long-term needs. This month, PYMNTS Intelligence examines how mobile wallets and other contactless payments are evolving in the CU space.

How UC members are using mobile and other contactless payments

The pandemic has accelerated consumer demand for contactless payment methods that could offer more security and convenience as in-person transactions rapidly shift to digital. According to research by PSCU, consumers are increasingly opting for mobile wallets, digital payments and contactless cards, as well as other tap-and-go payment products. The share of respondents who reported using mobile wallets increased by half in two years, from 14% in 2019 to 21% in 2021. Thirty percent used mobile wallets several times a month and 40% said they were “likely” or “extremely likely” to use mobile wallets at some point in the next six months. Respondents said they used mobile wallets primarily because they were convenient, easy to use, and fast, and their most common reason for not using them was unfamiliarity with the technology or how to use them. ‘utilize.

PSCU - Credit Union Tracker - June/July 2022 - Explore CU's innovations in contactless cards, mobile wallets and other payment advances

Contactless card usage has also grown by leaps and bounds in recent years, with respondents increasing their card usage by 124% since 2019, from just 25% to 56%. Nearly 90% of respondents with contactless cards said they used them at least a few times a year, up from 65% before the pandemic, and UC members with contactless cards used them at big-box retailers and grocery stores at rates of 45% and 55%, respectively. Although 59% of consumers still prefer to use EMV chip cards at in-store point-of-sale (POS), nearly a third – 29% – choose to pay with tap-and-go contactless cards.

PYMNTS research from February 2022 shows that UC members’ interest in contactless payment features is reaching such a point that many would switch to rival FIs if their UCs do not offer them.

How UCs Track Member Contactless Preferences

In recent years, many UCs have focused on providing innovative products to their members to compete with larger banks that also have larger innovation budgets. While many of these efforts have been successful, recent data shows that UCs can falter somewhat in this regard. Although 64% of US CUs invested in mobile wallet technologies and platforms in 2021, this was actually down from 2020, when 86% made these investments. On the other hand, the number of CUs investing in peer-to-peer (P2P) payments nearly doubled from 27% in 2020 to 50% in 2021.

UCs that consider themselves “early starters” – organizations that are ahead of the curve in innovation – are more likely to innovate features such as mobile banking capabilities, mobile wallets, personal loans, data analysis, buy now, pay later (BNPL) options and tools to help members plan their finances and budgets. These innovations, once seen as assets by members, are becoming prerequisites. PYMNTS’ February study showed that more than a third of UC members would switch to competing FIs if their UCs did not offer digital wallets, P2P payments, mobile check deposits and cash withdrawals. cash without a card.

The “early launcher” UC group has grown steadily over the past four years to reach 19% in 2021, up from 12% in 2020, 8% in 2019 and 4% in 2018, illustrating UC’s growing understanding of the importance of innovation. However, member preferences are still changing and most UC infrastructure has not kept pace. Technology silos persist across all channels, creating inefficiencies and disrupted experiences that contribute to member dissatisfaction. As member expectations rise, these legacy processes will become increasingly untenable.

Mobile wallets and other contactless features are now a must for CU members, and the most responsive CUs are expanding these offerings. As digital banking continues to evolve, the innovation of these offerings promises to help UCs punch above their weight in attracting and retaining business.

Loan application scam: cyber probe encounters obstacle in Nepal https://dinahsdoodles.com/loan-application-scam-cyber-probe-encounters-obstacle-in-nepal/ Wed, 29 Jun 2022 01:53:00 +0000 https://dinahsdoodles.com/loan-application-scam-cyber-probe-encounters-obstacle-in-nepal/

Investigators focus on broadband operator in Kathmandu behind harassment of Indian borrowers; mid-day visiting location, but staff refuse to cooperate

Oasis Broadband has its office on the 5th floor of this building in Kathmandu

Weeks after this correspondent took out loans from digital lending apps to dig deep into their unethical methods, Midday crossed the border – to Kathmandu – to find out more about the calls made to a city girl from Nepal. Two mobile phone numbers linked to the calls had emerged during the investigation into the suicide of the woman being stalked by loan wolves. City cops said there is not much they can do at this point as it involves a different country.

Based on the 5th floor of Tamrakar House in the heart of Nepal’s capital, Oasis Broadband Internet Pvt. ltd. is a popular name locally and provides internet to around 60% of the region. midday spoke to staff with the help of an interpreter. This log shared the IP addresses of WiFi routers used by recovery agents and asked for more details about their owners.

Oasis Broadband staff did not cooperateOasis Broadband staff did not cooperate

Investigations by Mumbai cyber cops showed that loan apps engaged people across India and Nepal to threaten borrowers with coughing up money. The highly invasive apps gain full access to the borrower’s phone, after which their agents transform customers’ personal photos to blackmail them.

Despite much pressure, Oasis Broadband staff refused to release details about router users. Mumbai police said their investigation was at an impasse as the service provider is based in Nepal and they needed the help of the CBI’s Interpol wing to go further. Oasis Broadband first came to the attention of Navghar police after they began investing in the suicide of the woman, a Dongri resident, on March 16.

They filed a complaint against three loan applications and 13 people for harassing the woman. They had threatened her to send obscene photos and videos to her family and relatives. In three suicide notes, the woman recounted her ordeal and shared the recovery worker’s mobile numbers 13-14. His call data record generated two numbers from Nepal.

GRP also finds a connection to Nepal
In a case recorded by the Andheri Government Railway Police, the investigation also revealed calls made over the internet provided by Oasis Broadband. The GRP had made the first breakthrough in the loan application scam by arresting a 19-year-old from Karnataka. This came after Midday released a series of reports exposing the crimes committed by numerous digital lenders.

]]> Why companies like Stripe, Meta and Alphabet are driving the carbon phase-out https://dinahsdoodles.com/why-companies-like-stripe-meta-and-alphabet-are-driving-the-carbon-phase-out/ Tue, 28 Jun 2022 13:00:01 +0000 https://dinahsdoodles.com/why-companies-like-stripe-meta-and-alphabet-are-driving-the-carbon-phase-out/

The carbon removal market is growing rapidly, and private money is pouring in from tech companies looking to help carbon capture and storage start-ups grow and cut costs.

The wave of funding comes as reports from the Intergovernmental Panel on Climate Change double down on the need to remove billions of tonnes of carbon dioxide from the air, highlighting that emissions reduction efforts are not enough not on their own.

“We need to cut emissions at scale, at a breakneck pace. Period. Unfortunately, because we’ve done such a poor job with this so far, we’re now going to have to cut carbon as well,” Nan Ransohoff said. , chief climate officer at Stripe, an online payment company that has invested millions in carbon removal technologies.

Carbon removal is equivalent to a process of storing carbon dioxide that has already been emitted. This is different from capturing emissions from a smokestack or recycling carbon to make temporary products like soft drinks, plastics or fuels. Planting trees is one way to go, but experts say it’s not enough to tackle climate change.

In April, Stripe partnered with Alphabet, Meta, Shopify and McKinsey to launch an initiative called Frontier, which plans to purchase $925 million worth of carbon disposal by 2030 from nascent disposal companies. carbon, with the aim of accelerating research and development efforts and reducing costs.

Technical approaches to permanent carbon removal vary widely, from extracting CO2 from the air with giant fans and injecting it into rocks, to altering the pH of the ocean so that it can absorb more carbon from the atmosphere. But regardless of the methodology, some subsets of these technologies will likely need to evolve rapidly to keep global warming below 1.5 or even 2 degrees Celsius in coming years.

“The scales they will need to be built will almost defy belief,” said Eric Toone, chief technology officer at Breakthrough Energy Ventures, which has made numerous investments in the carbon removal space. “To capture something like 30% of emissions in 2050, you’re talking about building an industry that’s three times five times larger than the global petrochemical industry today.”

Different storage methods

Climeworks is working with Icelandic company Carbfix to permanently sequester CO2 underground at its new direct air capture and storage plant in Iceland


Direct air capture companies like Climeworks and Carbon Engineering are some of the best known players in this field. They use giant fans, along with complex chemical processes or filters, to extract CO2 from the air. But until recently, there was no incentive to just bury that carbon, so they had to sell it in various markets.

Carbon Engineering, for example, has sold its captured CO2 to oil and gas companies who use it for “enhanced oil recovery”, in which carbon dioxide is injected underground in order to extract more oil from wells. oil. The carbon is sequestered, but because the process produces more oil to burn, it almost never results in negative emissions and is therefore not considered “carbon removal”.


Swiss company Climeworks first entered the market by selling captured CO2 to greenhouses in Switzerland, where it is used to grow vegetables, and to beverage companies, which use it to make soft drinks. . But in 2017, Climeworks began working with Carbfix, an Icelandic company that permanently sequesters CO2 by dissolving captured carbon in water and injecting it into basalt rock formations.

“The CO2 is injected into these rocks and is then mineralized. This literally means that the CO2, within two years of injection, is transformed into stone. So it is solidified a kilometer underground and because of this it is stored absolutely and permanently for the next hundreds of millions of years,” said Jan Wurzbacher, co-founder and co-CEO of Climework.

Partly funded by Stripe, Climeworks launched a new direct air capture and storage plant in Iceland last year and recently raised $650 million – the biggest funding round in the company’s history. carbon removal industry.

Industrial Charm

Charm Industrial believes it has found a cheaper way to remove carbon by sourcing crop residues such as stalks, stems and leaves from farms. This biomass has already captured carbon from the atmosphere. Then, Charm converts it into bio-oil, which is stored underground.

“The process of converting biomass into bio-oil is called pyrolysis or fast pyrolysis. And that’s where we first grind the biomass into very, very small pieces so that we can pass the heat through it very quickly. “, explained the CEO of Charm, Peter Reinhardt. “And then we heat it from room temperature to 500 degrees centigrade in less than a few seconds. And that very rapid rate of heating vaporizes the cellulose and the biomass. And then we condense it into a liquid.”

In a final step, the bio-oil is injected deep underground, where it solidifies. Stripe was Charm’s first customer, and now others like Microsoft and Shopify have bought in as well.

Bay Area-based Charm Industrial sources biomass from farms, converts it into bio-oil and injects it deep underground as a method of permanent carbon removal

Industrial Charm

Carbon Cure

Canadian company CarbonCure has a different approach. Unlike Climeworks and Charm, CarbonCure uses carbon dioxide by injecting it into concrete mixes, which permanently stores the CO2 and has the added benefit of making the concrete stronger.

“CO2 is injected into the concrete and it reacts with the cement as it is dosed. And a chemical reaction occurs when the calcium reacts with the CO2 to form a mineral,” explained Robert Nivan, Founder and CEO from Carbon Cure. “The reason this reaction is important is that it actually increases the strength of the concrete.”

This increased strength means concrete producers can use less cement in their mixes, helping to make the industrial process more environmentally friendly. Stripe was also its first customer, and now others like Shopify, Mapbox, and Zendesk are on board.

Currently, CarbonCure’s concrete-producing partners source CO2 from large industrial facilities such as ethanol plants or refineries, where it is captured from smokestacks. This means that CarbonCure does not remove CO2, but rather prevents new emissions from nearly 600 factories around the world.

But the company is starting to get involved in carbon removal through a Department of Energy-funded partnership with California-based direct air capture company CarbonCapture.

Planetary Technologies

Another emerging method of permanent carbon removal relies on ocean capture and storage.

Canadian company Planetary Technologies bases its technology on the fact that the relative concentration of CO2 in the atmosphere and the ocean is always in balance and has therefore increased over time, making the ocean more acidic. But if we could decrease the acidity of the ocean by lowering the CO2 content, the ocean would have more ability to absorb additional CO2 from the air. That’s what Planetary is working towards by adding an antacid to seawater.

“So by just adding our antacid to seawater, we neutralize that acidic CO2, we turn it into bicarbonate or baking soda, and then it sits in the seawater for 100,000 years,” Mike said. Kelland, CEO of Planetary Technologies. “And what that means is that because the CO2 concentration in the ocean is lower now, more CO2 will flow into the atmosphere to balance that concentration.”

Planetary plans to begin deep-sea trials this year, adding its antacid to sewage treatment facilities, which already have permits to clean water before it spills into the ocean. Shopify is Planetary’s first customer.

The gap between economic models: carbon markets are necessary

It’s an exciting time to work in this space, but early buying by tech and other companies will only go so far.

“There’s no question that if we’re going to do this to try to fight climate change, eventually we’ll have to capture that CO2 and pump it into the ground and store it for eternity. And to do that, we need carbon markets,” said Toone of Breakthrough Energy.

About 40 countries and more than 20 cities, states and provinces already have form of carbon pricing, although in many cases these prices would be too low to incentivize carbon removal even if these companies operated at scale.

Many industry leaders hope the United States will also implement a federal carbon pricing system and increase the current carbon storage tax credit, which is around $35 per ton of geologically sequestered CO2, and about $22 for the CO2 used in a product like concrete.

Carbon removal generally enjoys bipartisan support in Washington, and the Department of Energy recently launched a $3.5 billion program to develop four direct air capture centers across the United States. United, each intended to permanently remove more than one million tons of carbon dioxide per year.

“I think government management of a market that prices carbon in a way that results in its elimination happens when people decide it’s cheaper to manage CO2 than to manage the consequences of CO2,” Toone said. “And there’s a growing awareness of exactly what the costs of that carbon are.”

Watch the video to learn more about different approaches to carbon removal.

Additional reporting by Cat Clifford

Phone scam in Chesapeake | 13newsnow.com https://dinahsdoodles.com/phone-scam-in-chesapeake-13newsnow-com/ Tue, 28 Jun 2022 03:17:00 +0000 https://dinahsdoodles.com/phone-scam-in-chesapeake-13newsnow-com/ Chesapeake Police are warning residents not to allow strangers to use their phones due to a spate of thefts involving Cash App.

CHESAPEAKE, Va. — There’s a crime scare in Chesapeake where police are investigating a string of mall robberies.

Officers are warning residents not to lend your phone to a stranger asking to make a phone call.

Chesapeake Police officials posted on social media that a stranger was walking around malls asking people if he could use a phone to call and text his mother. Police said once he got a phone he would open Cash App and transfer your money to another account and walk away.

Some Chesapeake residents said it was sad knowing they had to think twice about helping someone in need.

“I try to help people, but it’s kind of like if you want to help someone and they take advantage of you, you’re like, ‘Oh man, I can’t help anybody anymore,'” said Chesapeake resident Tiffany Trimm.

Trimm said she had Cash App and was aware of the scam going on in the Greenbrier area. She said one of her family members lost hundreds of dollars on the same scheme last year.

“She didn’t notice it because a lot of us don’t check our Cash app and hers is tied to her bank account, and she didn’t have security on it, and they took about $700 out of his account,” Trimm said.

Trimm said she makes sure no one can access her app.

“I got it so they have my thumbprint. So it would have been really obvious if they had tried to do that,” Trimm said.

Other residents were unaware of the scam, but fear someone is hacking into other apps on the phone.

“I don’t have that app, but I have my banking on my phone, and I’m sure if they see that they can access it somehow, and I think that’s ‘is terrible,” said Nancy Morgan, a resident of Chesapeake.

Police have not yet specified how much money was taken from the reports filed. They said they were currently investigating nine cases.

Climate First expands digital services with fintech start-up • St Pete Catalyst https://dinahsdoodles.com/climate-first-expands-digital-services-with-fintech-start-up-st-pete-catalyst/ Mon, 27 Jun 2022 19:46:26 +0000 https://dinahsdoodles.com/climate-first-expands-digital-services-with-fintech-start-up-st-pete-catalyst/

After just one year in business, St. Petersburg-based Climate First Bank is capitalizing on its early successes and launching a fintech start-up that will provide banking solutions as a service (BaaS).

June marks the first anniversary of Climate First Bank, a full-service community bank focused on environmental sustainability. In addition to the St. Petersburg flagship, the bank has expanded into central Florida with a location in Winter Park, and a Lake County branch in Eustis is pending regulatory approval.

Despite being open during the pandemic, the bank reached $211 million in assets, $142 million in loans and $171 million in deposits. In light of this success, CEO and Founder Ken LaRoe is now raising capital for OneEthos, the fintech spin-off of Climate First.

“When we started, we knew we had to be very tech-centric,” LaRoe said. “But I’m a baby boomer, so it has to be super friendly and tech-centric.”

Community banks are at a disadvantage in the tech space, LaRoe said, because they are “beholden” to a basic processing system. He added that there are only about five in the United States, and most “are just bad” because they use old technology.

He explained that operators know that the dwindling number of small institutions depend on their products, so they are hesitant to invest money in updating systems.

Despite these limitations, LaRoe said bank management knew Climate First needed robust mobile banking apps, including the ability for customers to open an account in three minutes through their phone. He said account holders also need full deposit capabilities from home or business – without ever setting foot in the bank.

“But the problem is how to get there?” said LaRoe. “We were looking for the right person, and our CTO (Chief Technology Officer) came across us.”

Ken LaRoe, Founder and CEO of Climate First, celebrates the environmentally conscious bank’s first anniversary.

That CTO is Marcio DeOliveira, also Executive Vice President and Head of Digital Banking. LaRoe said he contacted Climate First after reading about the values-based and environmentally friendly community bank. According to LaRoe, DeOliveira explained that he needed to add meaning to his life, “and you are.”

After joining Climate First nearly a year ago, LaRoe said DeOliveira had already written several proprietary codes and was hiring coders and engineers to “flesh out” the technology aspects of the bank.

“But in this process, we decided to turn the division into a wholly owned subsidiary of a holding company,” LaRoe said. “And that’s OneEthos.

“And what we’re doing there is we’re going to deliver banking as a service through proprietary software-as-a-service (SaaS) technology.”

According to a press release, OneEthos will initially offer solutions to Climate First and eventually to other financial companies seeking a transition to sustainable finance. LaRoe said the fintech startup will launch “very, very soon.”

“We are basically ready to go,” he added. “We just have to fund it at the holding company.”

LaRoe said funding OneEthos through the holding company is a bit complicated. He explained that when raising funds for Climate First, he only had the banking charter, as setting up a holding company would have taken longer.

According to the release, LaRoe raised $44 million in capital before opening the bank, but he said regulations prevented him from moving that money into the holding company. Therefore, he must now raise new funds for the holding company, a mission he undertakes through exercises of warrants from current shareholders.

“I think I have about $1.1 million at the holding company,” LaRoe said. “I’d like to get to $1.5 (million) before I spin it.”

LaRoe said OneEthos differs from other fintech companies that refer to themselves as banks. He noted that people sometimes call them “neobanks.”

Only companies with access to the Federal Reserve are considered banks, LaRoe said. He explained that when companies offer checking accounts, they simply send customers’ money to federally recognized financial institutions. He said OneEthos would provide this service, as well as anyone else needing white label banking solutions.

White label banking and BaaS allow third parties to build their own financial products using existing infrastructure.

“We want to be able to provide things like our white label solar lending platform to other banks,” LaRoe said. “Especially values-aligned banks, such as members of the Global Alliance for Banking on Values.”

Climate First, also a member of mission-aligned networks like Net-Zero Banking Alliance and 1% For The Planet, launched a digital solar lending platform in May to dramatically streamline the process of borrowing money to install solar panels. .

LaRoe said DeOliveira has developed proprietary code to simplify the loan process, and consumers can now complete the application “in three minutes” via mobile device.

“In three seconds you’ll have a response, and in one day you’ll have your closing documents ready to sign,” he said.

In the first 11 months of operation, LaRoe said Climate First set aside about $500,000 in residential solar loans, “which is nothing.” In the first month of the new platform, the bank saw $1.5 million approved.

“So there’s just tremendous action,” LaRoe said. “We are confident that it will be an agent of change.”

As part of its business plan, LaRoe said officials approved Climate First for four sites in its first three years of operation. After St. Pete, the Orlando area and Lake County, he said next on the list was Tampa.

Although he looks forward to opening a branch across the bay, LaRoe said he hesitates until he finds the right person. He also noted that Climate First is not “localized” and that out of 43 employees, only five work in brick-and-mortar buildings.

“We opened during Covid and had these realities from the start,” he said. “It turned out to be perfect… fortuitous timing.”

To learn more about Climate First Bank, visit the website here.

Christiane Kunisch-Wolff leaves Aareal Bank – Nina Babic is appointed to succeed her within the Management Board https://dinahsdoodles.com/christiane-kunisch-wolff-leaves-aareal-bank-nina-babic-is-appointed-to-succeed-her-within-the-management-board/ Mon, 27 Jun 2022 12:47:01 +0000 https://dinahsdoodles.com/christiane-kunisch-wolff-leaves-aareal-bank-nina-babic-is-appointed-to-succeed-her-within-the-management-board/ DGAP-News: Aareal Bank AG / Tag(s): Staff

Christiane Kunisch-Wolff leaves Aareal Bank – Nina Babic is appointed to succeed her on the Management Board (news with additional information)

27.06.2022 / 14:44
The issuer is solely responsible for the content of this announcement.

Christiane Kunisch-Wolff leaves Aareal Bank – Nina Babic is appointed to succeed her within the Management Board

– Christiane Kunisch-Wolff, Chief Risk Officer of Aareal Bank, asked the Supervisory Board to terminate her contract early

– Nina Babic appointed to the Management Board as Chief Risk Officer, succeeding Ms. Kunisch-Wolff, with effect from July 1, 2022

– Professor Hermann Wagner, Chairman of the Supervisory Board of Aareal Bank AG, said: “I regret Ms. Kunisch-Wolff’s decision and would like to express my deepest gratitude to her for the valuable service she has rendered in the development of the group. At the same time, I am delighted to have Nina Babic join the Board. Ms. Babic comes from inside the Bank and has made a huge contribution to it, with excellent management of the lending processes and a risk assessment of lending during the coronavirus pandemic.”

Wiesbaden, June 27, 2022 – Christiane Kunisch-Wolff, Chief Risk Officer of Aareal Bank, has asked the supervisory board to terminate her contract early, citing personal reasons and her desire to devote herself to new tasks. The Supervisory Board approved her request: Ms. Kunisch-Wolff’s term of office on the Management Board will end on June 30, 2022. Ms. Nina Babic will be appointed to the Management Board as Chief Risk Officer, succeeding Ms. Kunisch-Wolff, as of June 1, 2022. July 2022.

Professor Hermann Wagner, Chairman of the Supervisory Board of Aareal Bank AG, said: “During her years as Chief Risk Officer, Christiane Kunisch-Wolff has evolved our risk management, adapted it to the future and has been very successful in managing the Bank’s risk positions during these challenging times. I regret Ms. Kunisch-Wolff’s decision and would like to express my deepest gratitude to her for the valuable services she has rendered in the development of the Group. I am particularly grateful for her support in helping Ms. Babic get to grips with the new role, sharing her knowledge and experience to facilitate an orderly succession. At the same time, I am delighted that Nina Babic is joining the Management Committee. Ms. Babic comes from inside the Bank and has made a huge contribution to it, with excellent management of lending processes and risk assessment of lending during the coronavirus pandemic.”

Jochen Klösges, Chief Executive Officer of Aareal Bank AG, said: “I really enjoyed working with Christiane Kunisch-Wolff and am very grateful to her for her extraordinary commitment to the Bank, especially during the coronavirus pandemic and the geopolitical distortions. We are going to have her in the board team, I wish her the best for her private and professional future. As a former auditor, she has extensive experience in the evaluation of management systems I am delighted to welcome Nina Babic to the Board team and wish her the best in her new role as CRO of Aareal Bank.

Christiane Kunisch-Wolff has been Chief Risk Officer of Aareal Bank Group since March 2016. From the start, her responsibilities included risk control, compliance, anti-money laundering, information security and Data protection. Regulatory affairs and credit management were added later, including credit management units, coaching, rating and research, and payments. His tenure at Aareal Bank was his third position on a bank’s board. Prior to joining Aareal Bank AG, Christiane Kunisch-Wolff was CFO of Westdeutsche Immobilienbank AG, a bank specializing in commercial real estate financing, from 2012 to 2016. She holds a diploma and a master’s degree in business administration and worked for about twelve years at WestLB AG in various risk management positions.

Nina Babic was appointed Senior General Manager on June 1, 2021. She is responsible for Aareal Bank’s credit management, which assesses lending decisions involving new and existing business, together with the respective sales units, and monitors credit and counterparty risks. Nina Babic served as Head of Corporate Affairs from 2016 to 2021, reporting to the CEO. During this period, she was responsible for the office of the management board and the supervisory board, the legal department and the management of the portfolio of projects and loans. Previously, she worked for eight years in various positions at PwC. From 2014, she was an auditor for the financial statements of banks and in particular for the risk assessment and control systems of credit institutions.


Marguerite Thiel
Telephone: +49 611 348 2306
Mobile: +49 171 2069740

Christian Feldbrugge
Telephone: +49 611 348 2280
Mobile: +49 171 8667919

About Aareal Bank Group
Aareal Bank Group, headquartered in Wiesbaden, is a leading international real estate specialist. It provides smart financing, software products and digital solutions for the real estate sector and related industries, and is present on three continents: Europe, North America and Asia/Pacific. Aareal Bank Group’s business strategy focuses on sustainable business success, with environmental, social and governance aspects being an integral part of this strategy. Aareal Bank AG, whose shares are included in Deutsche Börse’s SDAX index, is the Group’s parent entity. It manages the various entities organized in the Group’s businesses: Structured Real Estate Financing, Banking & Digital Solutions and Aareon. The Structured Real Estate Finance segment encompasses all of Aareal Bank Group’s financing and real estate financing activities. Here, the Bank accompanies its clients in carrying out large-volume tertiary real estate investments. Investment properties mainly include office buildings, hotels, shopping malls, logistics and residential properties, as well as student apartments. In the Banking & Digital Solutions segment, Aareal Bank Group supports companies in the housing, property management and energy sectors as a partner in digitalization – combining extensive advisory services and product solutions with services traditional business banking and deposit taking. Its subsidiary Aareon, the leading provider of ERP software and digital solutions for the European real estate sector and its partners, represents the third business segment. Aareon digitizes the real estate industry by delivering user-centric software solutions that simplify and automate processes, support sustainable and energy-efficient operations, and interconnect all process participants.

27.06.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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RBC’s top analyst sees his return https://dinahsdoodles.com/rbcs-top-analyst-sees-his-return/ Sun, 26 Jun 2022 19:13:35 +0000 https://dinahsdoodles.com/rbcs-top-analyst-sees-his-return/

Investors who are “apathetic” or negative towards banks will change their minds in the second half of the year, according to the senior banking analyst at RBC Capital Markets.

Gerard Cassidy predicts the uptrend will return due to strong earnings growth and credit optimism.

“You can really see people coming back to [bank] stocks. They’re underowned,” the company’s head of U.S. banking equity strategy told CNBC’s “Fast Money” on Thursday. “At these valuation levels, there’s limited downside from here. But I think as people realize that banks just won’t have the credit problems they had in 2008-09, that’s going to be the real rallying point to owning these names.”

Cassidy, one of Institutional Investor’s top-rated analysts, delivered his latest forecast after the Federal Reserve revealed the results of its latest stress tests. The results determined that the 34 banks had enough capital to cover a sharp decline.

“The results are pretty good,” he said. “One of the biggest risks we hear from investors today is that they are worried that credit losses will increase.”

Finances were under pressure. With just a week to go until the end of the first half, the S&P 500 banking sector is down 17%. Cassidy suggests the group is being unfairly penalized for recession jitters.

“What is that [stress] test shows us that unlike 2008 and 2009, when 18 of the top 20 banks cut or eliminated their dividends, that won’t happen this time around,” Cassidy said. “These banks are well capitalized. Dividends will be safe during the recession.”

“Incredible numbers”

Cassidy speculates that rising interest rates will pave the way for “incredible numbers” starting in the third quarter. He points to Bank of America as a major beneficiary.

“We expect Bank of America could have 15% to 20% revenue growth this year in net interest income due to higher rates,” said Cassidy, who has a buy rating on the title.

He expects troubled banks, including Deutsche Bank and Credit Suisse, to also perform better this year. Even in the event of a financial shock, Cassidy believes they should be able to weather it and come out with healthy capital.

“The real risk is outside the banking system,” Cassidy said. “Once people realize credit isn’t that bad and revenue growth is very strong, that changes the sentiment, hopefully in the later part of the second half of this year.”

S&P financials rebounded 5% last week.

CNBC’s Natalie Zhang contributed to this report.

Disclosures: RBC Capital Markets has received compensation for investment banking and non-Bank of America services in the past 12 months. She also managed or co-managed a public offering of securities for Bank of America.


The Benefits and Lure of Online Loan Application – CryptoMode https://dinahsdoodles.com/the-benefits-and-lure-of-online-loan-application-cryptomode/ Sun, 26 Jun 2022 13:31:22 +0000 https://dinahsdoodles.com/the-benefits-and-lure-of-online-loan-application-cryptomode/

Life circumstances can make us need quick access to money for various purposes. Unfortunately, we don’t always have cash, but online loans can offer a lifeline. This popular financial tool has several advantages, and finding the best provider is key.

Get money fast

When you urgently need quick access to cash, trying to borrow from friends or family is often the first step. However, not everyone enjoys asking family members, co-workers or other friends for money, as it creates a certain stigma. Also, these people may not always be able to help either, even if they have every intention of doing so.

The rapid growth of the Internet has introduced viable alternatives. ConwayGreen online loans offer a helping hand if you need to get some quick cash. These online payday loans are easy and quick to acquire, provide you with needed cash and do not invoke high interest rates. Now is a good time to review the benefits of these online payday loans and why they are so appealing to consumers.

Quick access to cash

The number one reason people seek out loans online is because they need near-immediate access to cash. Payday loans are incredibly fast because the money can be in your pocket within 24 hours. It’s a great option for those who urgently need to pay a bill or make a purchase out of necessity.

Minimal or no credit checks

One of the reasons you can access loans online quickly is that there are no or few credit checks. This differentiates them from traditional loan solutions, which involve lengthy checks. Even those with poor or no credit history can access payday loans, and there is a much lower chance of an application being rejected.

Convenient to manage

Although an online loan always requires interacting with a third party, they are traditionally easy to manage. All you need is an online account that manages your installment payments. This account can be set up on any computer or mobile device, making everything very accessible and manageable.


There are many good reasons to explore online loans and online payday loans. Anyone can find themselves in financial difficulty when they least expect it. However, it’s good that we have so many solutions to this problem that don’t involve asking friends and family for money, although that will often remain the default option.

There is no shame in needing money quickly if the situation calls for it. Find an online lender that meets your needs and offers reliability to get the best terms and meet your needs.

CryptoMode produces high quality content for cryptocurrency companies. To date, we’ve provided brand visibility for dozens of companies, and you can be one of them. All our customers appreciate our value for money ratio. Contact us if you have any questions: [email protected]

None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses incurred while acting on the information provided on this website by its authors or customers. No advice should be taken at face value, always do your research before making financial commitments.

Deadline for black women to apply for up to $20,000 cash is Sunday – WSB-TV Channel 2 https://dinahsdoodles.com/deadline-for-black-women-to-apply-for-up-to-20000-cash-is-sunday-wsb-tv-channel-2/ Sun, 26 Jun 2022 11:41:52 +0000 https://dinahsdoodles.com/deadline-for-black-women-to-apply-for-up-to-20000-cash-is-sunday-wsb-tv-channel-2/

ATLANTA — The deadline for black women to apply for a chance to receive up to $20,000 in cash is Sunday, June 26.

In Her Hands is a project funded by donors from the Georgia Resilience and Opportunity Fund and Give Directly, which aims to reduce income inequality, focusing on black women.

The group says black women face more barriers to wealth creation in Georgia compared to other demographic groups.

The same organization has previously accepted applications from women in Atlanta’s Old Fourth Ward and Sweet Auburn neighborhoods, according to their website.

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The organization gives an average of $850 per month for 2 years to approximately 650 women across Georgia.


Women from these areas who wish to apply must have been affected by COVID-19 and earn at least 200% of the federal poverty level to be eligible.

Women 18 or older and living in Clay, Randolph, or Terrell counties are eligible for the current round of applications. The app is inclusive of trans women, non-binary and gender non-conforming people.

Winners will be randomly selected by lottery. You can apply here until Sunday, June 26.

Visit the Gro Fund website for more information.

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