Finance

Welcome to the Era of Regenerative Finance

While few funders have fully realized the regenerative finance vision, a growing community of financial activists is applying its core practices in initiatives
that show how we can use capital as a flexible, purpose-driven tool to create healthy and equitable social and environmental systems.

Our complex, systemic problems are proving resistant to simple solutions, and
each one has its own web of complexities to unwind. One thing they all have in
common, though, is that you can’t fix a broken [name any system] with a broken
finance system. That’s why regenerative
finance

— a concept that’s been percolating at the

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Circle Finalizes $440 Million In Financing

FinTech Circle has completed a financing round with $440 million, according to a company blog post.

The financing will be used to help Circle’s continued growth and organizational development, and to bolster market expansion opportunities as it works in digitally-native finance, the post stated.

“… Circle is now poised to meet significant global demand for its products and services aimed at marrying the existing financial system with breakthroughs in digital currency within payments and finance,” the release stated.

Circle CEO Jeremy Allaire spoke to PYMNTS in

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Chinese Bank Chiefs Urge Gradual Pullback of Financing to Coal

China should take a gradual approach pulling back financing to high-emission industries in order to avoid credit risks, state bank chiefs said Saturday.

Financial institutions need to support coal and steel companies to upgrade their technology to reduce emissions, even as they stop financing any further expansion of capacity, said Zhou Xuedong, executive vice president at China Development Bank, at a panel during the International Finance Forum in Beijing.

Explore dynamic updates of the earth’s key data points

“These [high-emission] industries have significant outstanding credit, and an exit of financing that’s too fast could lead to the deterioration of bank

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Startups Hire Financial Staffs To Prep For IPOs

Startups, which are raising an abundance of cash, are moving to hire more chief financial officers (CFOs), The Wall Street Journal (WSJ) reported.

Usually, startups would have just a few dozen employees and would be looking to stay light-footed, keeping their payrolls less burdened in their first few years, according to WSJ. Many would delay hiring CFOs until they became more robust organizations and had more of the means to do so.

But now, balance sheets have been rising quickly, and special purpose acquisition companies (SPACs) have

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Belt Finance Victim of Flash Loan Attack in Latest Exploit of a BSC DeFi Protocol

Belt Finance, a platform that provides automated market making for decentralized finance (DeFi), was hacked Saturday in a flash loan attack that resulted in a profit of $6.23 million for the perpetrator and an overall $50 million loss for the platform.

UPDATE (May 30, 23:14 UTC): Adds that beltBUSD pool’s loss was a total 50 million BUSD with the 43.8 million in fees added to the 6.23 million in profits taken by the attacker.

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Japan Finance Minister does not expect G7 meet to debate specific tax rates

By Tetsushi Kajimoto



a man wearing a suit and tie: FILE PHOTO: Japan's key economic ministers deliver policy speeches at start of parliament sessions


© Reuters/Issei Kato
FILE PHOTO: Japan’s key economic ministers deliver policy speeches at start of parliament sessions

TOKYO (Reuters) -Finance leaders from the Group of Seven rich countries have narrowed their difference of opinions over global taxation but they are unlikely to debate specific figures on minimum tax rates at their weekend meeting, Finance Minister Taro Aso said.

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Aso said he is planning on a bilateral meeting with U.S. Treasury Secretary Janet Yellen on the sidelines of the June 4-5 G7 meeting in Britain, although the details weren’t finalised.

The G7 will vow this week

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Banking and finance experts converge to reignite the European region

Backbase, SmartMessage, Abaka and Creatio have joined the foremost edition of Finnovex Europe to formulate evolutionary strategies for reigniting the banking and financial services industry of the European region.

The Leading Summit on Financial Services Innovation and Excellence, which was held from May 24 to 25, 2021, on the host’s virtual platform, witnessed the attendance of many C-suite individuals, senior vice presidents, vice presidents, directors and heads of departments from the banking and financial services industry.

The virtual event, organized by Exibex, is a part of the Finnovex Global Series.

This year’s edition was themed “Evolution Strategies for Reigniting the

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Top executives of Hong Kong financial firms can get quarantine exemption

Hong Kong skyline seen at dusk.

Marc Fernandes | NurPhoto | Getty Images

Hong Kong senior executives of financial companies and their overseas affiliates who are fully vaccinated can now apply for an exemption from the three-week compulsory quarantine, the markets watchdog said.

A maximum of two senior executives per each financial company licensed by the city’s Securities and Futures Commission (SFC) and two of their overseas affiliates who need to travel in and out from Hong Kong for managing the company can apply for the exemption, according to the statement released late on Friday.

To apply for the exemption,

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5 Stocks That Can Help You Achieve Financial Freedom

Today, as we gather with friends and family, or simply enjoy a day off from work, let’s not forget about the millions of people who’ve fought valiantly for our country since it declared its independence 245 years ago. On Memorial Day, we honor those more than 1.2 million people who’ve made the ultimate sacrifice throughout history to preserve the freedoms we have today, including the freedom of speech, the right to vote, and the right to chart our own financial course. 

For more than a century, the stock market has offered the opportunity for John and Jane Q. Public to

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Personal Finance: Fintech Apps Like Robinhood Are Leaving Women Behind

Technology was supposed to broaden access to financial services and help eliminate economic inequalities. But so far the explosion of banking and investment apps has failed to narrow one persistent divide: the gender gap in financial inclusion. Policy makers should take note. In the post-pandemic recovery, they cannot entrust the market forces of fintech to support female economic empowerment.

There are many ways in which women’s financial inclusion lags that of men. They own fewer assets than men, for example, but they are also less likely to invest in riskier, higher-yielding assets, such as equities. A 2019 analysis by

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