City finance director quits after one week | Government

Katie Mull, the director of finance for the City of St. Joseph, quit Tuesday afternoon, said City Manager Bryan Carter.

Mull’s first day on the job was Aug. 30. Carter said she did not give a reason as to why she left the job so soon.

Mull graduated from Missouri Western State University with a Bachelor of Science degree in business management/accounting. Her previous job was in the private sector. Her salary as the city’s finance director was $127,000.

Amy Cohorst, the city’s human resources director, has been named interim finance director.

Carter said the city will post the job

Read More

How the Taliban might finance their new Afghan government

Now that the Taliban have reportedly taken full control of Afghanistan and begun forming a government, a looming challenge awaits: How will they keep their country and economy afloat financially?

For the past 20 years, the U.S. government and other countries have financed the vast majority of the Afghan government’s non-military budget – and every cent of the fighting force that melted to the Taliban so quickly in August 2021. Now, with American aid likely out of the question and billions in central bank foreign reserves frozen, the Taliban will have to find other means to pay for

Read More

EXCLUSIVE U.S. Treasury, financial industry discuss cryptocurrency ‘stablecoins’

WASHINGTON, Sept 10 (Reuters) – The U.S. Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins — a rapidly growing type of cryptocurrencies, the value of which is pegged to traditional currencies, according to three people with direct knowledge of the meetings.

Washington policymakers are alarmed at the rapidly expanding cryptocurrency market which exceeded a record $2 trillion in April. As of Friday, the market cap of stablecoins stood at roughly $125 billion, according to industry data site CoinMarketCap. It is unclear which financial regulations apply to

Read More

German finance ministry raided in money laundering probe

  • Raids cast shadow over chancellor candidate Scholz
  • Probe puts spotlight on financial crime ahead of elections
  • Investigation into whether suspect payments ignored

BERLIN/FRANKFURT, Sept 9 (Reuters) – German prosecutors raided the finance and justice ministries on Thursday as part of an investigation into the government’s anti-money laundering agency, putting a spotlight on Germany’s failings in tackling financial crime.

The probe into the Financial Intelligence Unit, an agency of the finance ministry under Social Democrat chancellor candidate Olaf Scholz, is looking at whether it was told to ignore warnings of suspect payments to Africa.

The raids come at a pivotal moment

Read More

24% of Homeowners Could Make This Mistake When Financing Home Renovations

There are plenty of good reasons to renovate a home. Doing so might make your living space more comfortable, which could greatly improve your quality of life. Also, home renovations can lead to higher resale value, so you might get back some, if not all, of the money you put in.

There are plenty of cost-effective ways to finance home renovations. But according to Bank of America’s 2021 Homebuyer Insights Report, 24% of homeowners intend to charge their home improvements on a credit card. And that could be a very poor choice that backfires.

6 Simple Tips to Secure

Read More

Danbury schools hire two new heads of finance department

DANBURY — The school district has hired two new staff members to lead its finance department.

John Spano is the new finance director, replacing Courtney LeBorious, who left for another district over the summer. Eduardo Miranda will become the deputy director of finance, taking over for the assistant finance director who also left Danbury.

“It’s an honor to be here,” Spano said after his appointment was announced to the school board on Wednesday evening. “I’m very excited to get started.”

Superintendent Kevin Walston called both new hires “capable” and “talented.”

“They’re both going to be amazing fits to our team

Read More

Giuliani helper pleads guilty to violating campaign finance laws

In federal court in Manhattan, Fruman admitted to knowing he could not make donations to candidates in US elections on behalf of a foreign national. In a statement he drafted with his attorney, Fruman called the straw donor “an experienced investor in the cannabis space” and said the business plan involved making donations to “government officials” in states where marijuana was legalized.

One of his partners, whom Fruman didn’t name, made a list of Democrat and Republican candidates whom they should donate to, according to the prepared admission.

“At that time I had little experience in the rules surrounding political

Read More

London’s financial workers flock back to office in hot commuter crush

Workers pass by a sales person as they walk towards the City of London financial district as they cross London Bridge during the morning rush hour in London, Britain, September 8, 2021. REUTERS/Toby Melville

  • Bank offices back to half-full, occupancy rising
  • Office return comes despite rising virus cases
  • HSBC, StanChart, Goldman see influx accelerating

LONDON, Sept 9 (Reuters) – There’s no free lunch in finance – except when banks are wooing workers back to the office.

London’s financial sector, keen to return to a semblance of normality after the worst of the pandemic, is leading the charge to encourage employees

Read More

China turns to new stock exchanges to channel finance to innovative firms

CHINA’S ECONOMIC planners want more home-made semiconductors, but they are not satisfied with more chips simply being produced at home. They want to bring the entire supply chain—from raw materials and chip grinders to labour and capital—onshore. Tens of thousands of companies have established microchip businesses over the past year. Now the state is rushing to ensure such cash-hungry firms can raise capital at home, too.

Listen to this story

Enjoy more audio and podcasts on iOS or Android.

On September 2nd Xi Jinping, China’s president, announced that a new

Read More

PrimeRevenue Boosts Receivables Finance Tools

Working capital FinTech PrimeRevenue is augmenting its receivables finance solutions to enable financial institutions (FIs) to broaden their programs for receivables, a feature that is a unique tool in the market, according to a press release on Tuesday (Aug. 31).

“Historically, it has been nearly impossible for companies that don’t have certainty around invoice payment terms to be included in selective receivables finance,” said PrimeRevenue EVP Global Head of Funding Dominic Capolongo.

Read more: PrimeRevenue Receives Digital Supply Chain Finance Patent

Capolongo added that part of the problem stems from banks requiring administrative procedures that are demanding to “determine

Read More