Swiss banks hit by tough new credit ratio rules

first_imgMonday 4 October 2010 8:57 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content whatsapp Switzerland has imposed strict new rules on UBS and Credit Suisse, telling them to hold far more capital than their international rivals to ward off a crisis that could cripple the country.The two banks must hold an equity tier one capital ratio of at least 10 per cent under the proposals laid out by a government commission.The new Swiss rules go well beyond the new international standards set out three weeks ago, which require banks to hold a minimum core tier one ratio of seven per cent.Altogether the Swiss giants must hold capital equal to a total of 19 per cent of risk-weighted assets, compared to a global agreement of just 10.5 per cent.However, the Swiss institutions have until 2018 to meet the supplementary targets, while Basel III guidelines should be implemented by 2013.The Swiss commission of regulators, bank executives and other industry figures said that a mixture of measures was needed to reduce the risk of having banks with a “too big to fail” problem.The new rules were seen as a move to restore confidence to Switzerland’s crucial private banking industry, but could crimp the ability of the country’s two biggest banks to compete in global investment banking. Show Comments ▼ Swiss banks hit by tough new credit ratio rules center_img Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Share whatsapplast_img read more

Market tense over rate rise

first_img Share MARKETS are nervously awaiting the results of the Bank of England’s latest meeting on interest rates.“We expect a considerable degree of market tension ahead of Thursday’s monetary policy committee (MPC) announcement,” said Investec’s Philip Shaw.Sterling rose last week after MPC members Andrew Sentance and Charles Bean gave interviews which suggested a leaning towards monetary tightening.Bean noted global commodity price inflation, admitting that the committee “may well have to respond to that by keeping domestically generated inflation lower.”Consumer price inflation reached 3.7 per cent in December, and Andrew Sentance’s call for a modest rate rise was finally joined by another MPC voter last month. Martin Weale also voted for a 0.25 per cent increase.Yet Shaw expects rates to remain at their historical low. A rate hike “could have the ‘avoid at all costs effect’ of derailing the planned fiscal consolidation,” he said. And the British Chambers of Commerce yesterday called for the Bank to keep rates on hold. “Avoiding a new setback must remain a key policy priority,” commented BCC economist David Kern. Sunday 6 February 2011 10:27 pm whatsapp Market tense over rate rise KCS-content whatsapp Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

The COVID-19 crisis highlights a golden rule of investing

first_imgThe COVID-19 crisis highlights a golden rule of investing  Michael Baxter | Wednesday, 4th March, 2020 I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Pity the individual who chose to begin their investment journey a few weeks ago. Especially pity them if they had a big lump sum and invested it all. Don’t get me wrong, I’m sure the markets will recover, eventually. But this situation does illustrate a golden rule of investing — never throw all your money at the stock market in one go.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Actually, on thinking about it, I would not pity an investor who has just begun their investment journey if they had followed this rule — I would envy them.  The markets have further to fallAlready we have seen a share rout, followed by a mini recovery, and then further falls. The mini recovery saw many conclude that shares had hit bottom, that ‘now was a time to buy.’Such false dawns are common occurrences during stock market crises. The infamous 1929 crash saw many short-lived recoveries which tempted shareholders back in.COVID-19 is spreading exponentially. It makes most of us nervous about our own health and the health of loved ones — is that a seasonal cold, or the dreaded virus? We wouldn’t be human if those thoughts didn’t cross our minds every time there’s a sneeze. I believe the markets are underestimating the likely spread of the virus and its economic impact. They always are lousy at judging something that changes exponentially. Maybe it’s in our genes — Ray Kurzweil, the famous futurologist and Google’s Director of Engineering has said that our evolutionary past means we have no instinctive understanding of exponential — we might get it intellectually, but not in our gut. As the virus spreads, we will change our behaviour, employers may eventually become more nervous about workers spreading the virus than about lost production, and markets will fall a lot further.As for predicting the recovery, getting the timing right is nigh on impossible.Diversify over timeThat is why diversification over time is so important. If you plough all your money into stocks in one go, you risk timing your investment with stock market falls. Sure, if you sit tight you will probably regain your money eventually, but you can do better.If, instead, you drip feed your money into the market — say once a month for three years, or once every three months, you are limiting the risk while increasing the chances that that you will benefit from a recovery.Three different situations, same responseLet’s say that you were savvy enough to have liquidated your portfolio at market peak, you have a lump sum for some other reason, or you invest a proportion of your income every month.I would say spread out your investment over three years. If you invest a proportion of your income every month, then relax, you are following that strategy by default.Follow that approach and just as investment losses occur on the falls, profits will accrue on the rises.  Image source: Getty Images. Views expressed in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this.center_img Our 6 ‘Best Buys Now’ Shares See all posts by Michael Baxter I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img read more

Neil Woodford: 4 lessons for UK investors from his failed fund

first_imgNeil Woodford: 4 lessons for UK investors from his failed fund Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Cliff D’Arcy | Friday, 4th June, 2021 Image source: Getty Images See all posts by Cliff D’Arcy Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Learn how you can grab this ‘Top Income Stock’ Report now Simply click below to discover how you can take advantage of this.center_img Our 6 ‘Best Buys Now’ Shares We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. The Motley Fool UK’s Top Income Stock… Enter Your Email Address Seven years ago, in 2014, the UK investment world suffered a seismic shock. Star fund manager Neil Woodford was leaving Invesco Perpetual to branch out on his own. At that time, Woodford was the UK’s #1 fund manager, likened to famed US billionaire Warren Buffett for his stock-picking skills. But going it alone was Woodford’s worst mistake.Neil Woodford: star fund managerNeil Woodford joined investment manager Perpetual (later Invesco Perpetual) in early 1988. Over the next 26 years, he became the UK’s most successful money manager. At his peak, he controlled as much as £33bn across up to six different funds. During his reign, £1,000 invested in the Invesco Perpetual High Income fund skyrocketed to be worth around £25,000. Woodford’s success came from buying mostly FTSE 100 stocks — typically companies with solid balance sheets, rising earnings, and fat dividends.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I will declare an interest here. From 1996/97 until around 2012/13, my wife was an investor in Neil Woodford’s flagship Invesco Perpetual High Income fund. Over this period, it was the best-performing UK equity fund by far. Thus, I was delighted with my advice to my wife to back Woodford.Woodford Investment Management: downfallIn May 2014, Neil Woodford launched Woodford Investment Management (WIM), his own fund manager. Eager investors rushed to invest in the Woodford Equity Income (WEI) fund. In its first year, WEI gained 19.6%, triple the UK market’s return. Within three years, Woodford was managing £18bn. But then his star came crashing back to earth. Over the next two years, WEI became the worst-performing fund in its sector. With money flooding out from WEI through hefty withdrawals, WIM ‘gated’ (suspended) the fund on 4 June 2019, exactly two years ago today. Here are four lessons for all investors from Neil Woodford’s downfall.Four lessons from Woodford’s failure1) Stick to your strategy: Woodford made his name buying established, high-yielding dividend shares, and ‘value’ stocks. At WIM, he plunged headlong into start-ups, smaller companies, unlisted stocks, and private companies. Few of these go-go growth stocks paid any income, so Woodford was well out of his depth. Big mistake. As Warren Buffet says, “Never invest in anything you don’t understand”.2) Higher returns mean higher risks: Woodford’s initial success at WIM came from buying big stakes in small companies. This juiced his returns in the early years. But these higher returns came with higher volatility and risk of loss. When these companies stumbled, so too did WEI. Thus, I avoid skewing my portfolio too much towards one company or sector. Instead, I spread my risk by diversifying widely.3) Don’t fall into a liquidity trap: With many billions to invest, Woodford ended up putting way too much money into ever-smaller companies. His stakes in unlisted, unquoted, and private companies were extremely difficult to sell because of their lack of liquidity. Faced with selling shares in a hurry at steep discounts, Woodford was caught in a liquidity trap. This eventually led to his WEI fund being suspended two years ago today. 4) Beware of concentration risk: Chasing market-beating returns, Woodford bought large stakes in a select few companies. Frighteningly, WEI often owned more than a quarter (25%+) of some companies. Highly concentrated portfolios can produce bumper gains, but may also blow up spectacularly. That’s why I keep my portfolio highly diversified by spreading my eggs globally. It easier to sleep at night! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.last_img read more

Huge Wallaby defence vs France in 2004

first_imgTuesday Apr 1, 2008 Huge Wallaby defence vs France in 2004 Not too long ago we posted a clip of the huge All Blackdefence rocking the Wallabies from a few years back.This time, it’s the Wallabies doing the hard graft against France in Paris in 2004, showing us exactly how it’s done.In the early stages of the game, they manage to get a huge psychological edge over the opposition by putting in some huge, impenetrable offensive defence. Gang tackling, and pumping the legs to drive players back, this type of defence can be soul destroying, especially so early on in the game.Note how France actually go backwards, particularly after tigerish Phil Waugh’s big tackle. ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedDoctors Stunned: She Removes Her Wrinkles With This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living10 Types of Women You Should Never MarryNueeyShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel ADVERTISEMENT Trending 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 Great Tries 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 1 WEEK AGO Veainu finishes superb try after octopus style offload from Waisea 2 WEEKS AGO FULL MATCH REPLAY: Huge stars on show when All Blacks host Pacific Island XV in 2004 2 WEEKS AGO WATCH: Hooker produces ridiculous speed to score 60-metre wonder try for Hurricanes View All Big Hits & Dirty Play 1 DAY AGO Awesome new Etzebeth montage will have Springboks fans psyched for Summer Lions tour 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 1 WEEK AGO AWESOME video shows the very biggest and best tackles of the 2020/21 season View All See It To Believe It 4 DAYS AGO Cheetah racer Habana reveals what was actually going through his mind that day 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash View All Funnies 2 WEEKS AGO Joe Marler elated in special interview as fans return to The Stoop 2 WEEKS AGO WATCH: One of the luckiest and most bizarre tries you will EVER see 2 WEEKS AGO WATCH: Reds players caught out in hilarious celebration blooper vs Chiefs 2 WEEKS AGO WATCH: Faz, Piutau and Burns star in hilarious try fail compilation 4 WEEKS AGO MLR: Giltinis howler sees try overruled despite attempts to celebrate View All Amateur 32 WEEKS AGO Viral video of Scottish club brawl goes down a storm with rugby community 69 WEEKS AGO RUGBYDUMP BLITZ: This Best of the Week round up is sure to entertain you 69 WEEKS AGO RD BLITZ – Disaster, just when it looked so promising… 69 WEEKS AGO That glorious moment that will live on forever, like it or not 69 WEEKS AGO RD Blitz – PROP’S Lionel Messi wizardy creates incredible try View All Player Features 16 WEEKS AGO WATCH: Bumping off tacklers and taking high balls, Rob Kearney had an impressive Super Rugby debut 21 WEEKS AGO Brian Moore on money in modern rugby and how it should never be compared to ‘outlier’ football 22 WEEKS AGO Tuisova’s wrecking ball montage will make you grateful you never made it as a pro 28 WEEKS AGO New Zealand rugby pod admit Owen Farrell is world class 29 WEEKS AGO WATCH: Bath prop launches Amazon documentary focused on those from non-traditional backgrounds View All Related Content from the RugbyPass Network ‘What you do today is how you’re going to be remembered’: Spirit of Rugby – Ep 5 In Spirit of Rugby episode 5, Jim Hamilton talks Lions with Matt Dawson, Jeremy Guscott, Rob Kearney, Simon Shaw, Tom Croft and John Bentley. Watch: Reforging the Steelers | Episode 2 | RugbyPass Original Documentary In Episode 2 of Reforging the Steelers, we follow the team through rounds two to four as they try to get their season on track after an opening loss to competition powerhouses Tasman. ‘I’d pent-up frustration, a lot I probably didn’t realise’: Marcus Watson’s emotional Wasps return Set to turn 30 later this month, Marcus Watson had an early birthday present last weekend when he finally made it back into the Wasps XV. Gavin Coombes grabs four tries as Munster easy to victory over Zebre Gavin Coombes scored four tries at Zebre as Munster secured second place in the northern section of the Guinness PRO14 Rainbow Cup. Leinster finish with Rainbow flourish as fans attend RDS for first time in 16 months Retiring duo Scott Fardy and Michael Bent bowed out on a winning note as Leinster finished the Rainbow Cup with a victory over Dragons. Final round of the Gallagher Premiership hit by a second match cancellation The final round of the Premiership lost the Worcester-Gloucester match on Tuesday and now Bristol versus London Irish is off. Huge Wallaby defence vs France in 2004 | RugbyDump – Rugby News & Videos RugbyDump Home RugbyDump Academy Store About Contact Legal Privacy Policy Cookie Policy Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features RugbyDump Home RugbyDump Academy Store About Contact Sitemap Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features Legal Privacy Policy Cookie Policy Sign In Username or Email Password Stay logged in Forgot password Thank you for registering Click here to login Register Register now for RugbyDump commenting & enewsletter. * Required fields. Username * Password * Email * Password Repeat * Please send me news, information and special offers from RugbyDump By clicking register you agree to our Privacy Policylast_img read more

Moving House / Architects EAT

first_img Australia Moving House / Architects EAT 2016 Year:  ArchDaily Moving House / Architects EATSave this projectSaveMoving House / Architects EAT Products used in this ProjectAluminium CompositesSculptformAluminium Click-on BattensSave this picture!© Derek SwallwellText description provided by the architects. Moving House is a new residence in Kew, Victoria. The external white aluminium screen forms a singular mass in the outline of a suburban gable roof, subtly referencing the immediate neighbours in both form and colour, while the internal spatial volume is defined by the 3 repetitive in-situ concrete vaults.Save this picture!SectionThe external screen holds in suspension the visitors’ first experience of the house – as one passes along the façade towards the entry, it deconstructs to reveal the concrete bodies in a journey of discovery and surprise. The entry sequence finishes in a recess, with raw concrete beams cantilevering out to provide partial shades and refuge, hanging plants from the gutter and grasscrete paving below – all in an Arcadian setting before reaching the Corbusian green door and a finely turned timber handle.Save this picture!© Derek SwallwellThere is no interior narrative sequence but rather a cavernous volume that receives direct northern daylight that changes by the hour and season, or nuanced indirect ambience light on the curve of the textured north facing vaults. These repetitive roof geometries are supported by in-situ off form blade columns, articulating structural clarity and compositional method.Save this picture!Ground Floor PlanThe interior is fully glazed to the east with bi-fold doors and windows with in-situ concrete seats, so that in fine weather it can be fully opened up to the garden, allowing exposure and interaction with the outdoor space. Cross ventilation is also aided by these openings together with the glass louvres at the height of clerestory in the vaults.Save this picture!© Derek SwallwellThis project further represents our continuous interest in phenomenology and experiential journey in architecture and design.Don Norman talks about design experiences: Visceral experience stands for immediate experience, rather than use or consideration; Behavioural experience stands for experience of the product’s functionality based on use; Reflective experience stands for experience based on close consideration.Save this picture!ModelIn this project, we’ve orchestrated the above 3 experiences from the very moment one first take notice by their eyes of the blue front gate, treading through grasscrete with morning dews wetting their shoes, touching the smooth timber entry handle by their hands, bathing in light shafts from the vault windows on their skin, and gentle breezes from the cross ventilation through their hair…Save this picture!© Derek SwallwellThis project exemplifies what can be achieved by careful orchestration of spaces, manipulation of lights, choreography of materials and tactility.Save this picture!First Floor PlanIf the white metal grille defines the visual character of the house from the outside, inside it is the tone and texture of concrete that captures the imagination. On the ceiling, the concrete has been left raw and unpolished, inviting the eye to explore its variations in pattern and colour; on the floor, it is polished and sealed. The effect of so much concrete is anything but heavy or oppressive – the way it has been shaped is delicate, nonlinear and playful; it all adds up to a structure that appears sculptural and light.Save this picture!© Derek SwallwellProject gallerySee allShow lessSchool + Hospital Bucharest 2017: Building Education and Building Health ForumsConferenceAtelier Global Wins Competition to Design ‘Book City’ in ShenzhenArchitecture News Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/877531/moving-house-architects-eat Clipboard Photographs Photographs:  Derek Swallwell Manufacturers Brands with products used in this architecture project Manufacturers: Sculptform, Breezway Products translation missing: en-US.post.svg.material_descriptioncenter_img Save this picture!© Derek Swallwell+ 14 Share “COPY” Architects: Architects EAT Year Completion year of this architecture project Houses CopyAbout this officeArchitects EATOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesKewMelbourneSkylightAustraliaPublished on August 14, 2017Cite: “Moving House / Architects EAT” 14 Aug 2017. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – FocusGlass3MGlass Finish – FASARA™ Fabric/WashiPartitionsSkyfoldVertically Folding Operable Walls – Mirage®WoodParklex International S.L.Wood Finishes in Landaburu BordaSinksBradley Corporation USASinks – Frequency® FL-SeriesMetallicsTrimoFire Resistant Panel – Trimoterm FTVSkylightsVELUX CommercialModular Skylights – Northlight 40-90°SinksAcquabellaSink – LeviCurtain WallsRabel Aluminium SystemsMinimal Curtain Wall – Rabel 35000 Slim Super ThermalWoodBlumer LehmannData Processing for Wood ProjectsPorcelain StonewareCeramiche KeopeCeramic Tiles – EvokeChairs / StoolsBassamFellowsSpindle Chair and StoolMore products »Save想阅读文章的中文版本吗?光墙是空间最好的分割:Moving House / Architects EAT是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream CopyHouses•Kew, Australia ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/877531/moving-house-architects-eat Clipboard “COPY” Projectslast_img read more

Guild Mortgage Names David Battany as EVP of Capital Markets

first_img Community News Top of the News Guild Mortgage Co., one of the fastest-growing independent mortgage banking companies in the U.S., has named David Battany as its new executive vice president of capital markets.Battany has more than 30 years of experience in the mortgage industry. He was executive vice president of product strategy for PennyMac (NYSE: PFSI) for the past three years and previously served in leadership positions with Fannie Mae for 12 years.Mary Ann McGarry, Guild president and CEO, said the addition of Battany fits with Guild’s long-term growth strategy to develop new products and expand in existing markets as well as new markets across the nation. He joins Guild on May 15.“David’s long experience with strategic product development, with trading and hedging, combined with his intelligence, thoughtful approach to strategy, and strong ethics all make him right for Guild,” said McGarry. “We are excited that he has decided to join us in this new position as EVP of capital markets and lead Guild into new areas of growth.”At PennyMac, the largest non-bank correspondent lender in the country, Battany was responsible for relationships with Fannie Mae, Freddie Mac and other government agencies, mortgage insurance companies and trade associations. He led new product strategies and successfully implemented 12 major new products to support company retail and corporate business objectives.At Fannie Mae, Battany was most recently its director of single-family business and managed lender relationships. He has been active in industry organizations, including serving on the boards of the Mortgage Bankers Association and the California Mortgage Bankers Association.“In addition to being impressed with their rapid growth the past few years, I was attracted to the quality of the people and culture at Guild,” said Battany. “They have a customer service culture that resonates throughout the organization. This has helped them grow, even during a year when the industry declined by some 40 percent. Their focus on purchase mortgages is also a key to their success and stability.”Guild closed $1.27 billion in mortgages for March 2015, the first time it has closed more than $1 billion in mortgages in any single month. Its 2015 first quarter total of $2.85 billion was the highest quarter in its history, up 132 percent from the $1.28 billion recorded in the first quarter of 2014.The strong quarter follows record results for Guild in 2014. Volume reached $7.4 billion, up from $7.0 billion in 2013. Servicing reached $17 billion in 2014, up 30.1 percent from $13 billion in 2013. Guild was also stronger in purchase loans, with 83 percent of loans originated, versus 57 percent for the industry.Guild offers a traditional range of residential mortgage products and funds most of its loans, which provides consistency and also speeds approvals. Its loan professionals can serve the needs of any homebuyer, from helping first-time homebuyers achieve their dreams of home ownership, often through government loan programs, to providing jumbo loans and construction loans to permanent loans through its relationship with Mutual of Omaha Bank.About Guild MortgageGuild Mortgage Co. was founded in 1960 as a home financing company for American Housing Guild in San Diego, California. Guild broadened its range of services in 1972 by including resale mortgage financing. After decades of successful innovation and growth, Guild Mortgage Co. is now one of the fastest growing independent mortgage banking companies in the U.S. with more than 250 branch and satellite offices in 26 states and is licensed and approved to do business in 36 states. Guild generated loan volume of $7.4 billion and servicing volume of $17 billion in 2014 (Equal Housing Lender- Company NMLS #3274). More Cool Stuff Subscribe EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a comment Name (required)  Mail (required) (not be published)  Website  Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Your email address will not be published. Required fields are marked * Community Newscenter_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News HerbeautyTiger Woods’ Ex Wife Found A New Love PartnerHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty’First Daughters’: From Cute Little Kids To Beautiful Young WomenHerbeautyHerbeauty 11 recommended0 commentsShareShareTweetSharePin it First Heatwave Expected Next Week Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Business: Retail News Guild Mortgage Names David Battany as EVP of Capital Markets Former PennyMac and Fannie Mae Executive Joins May 15 From STAFF REPORTS Published on Thursday, April 16, 2015 | 2:20 pmlast_img read more

Tracking Hurricane Laura’s Impact on Homeowners

first_img Hurricane Laura made landfall near Cameron, Louisiana, in the early hours of Thursday, buffeting the coastline with winds estimated at 150 mph. Colorado State University hurricane expert Phil Klotzbach noted on Twitter that Laura tied for fifth place in terms of the 10 “strongest continental U.S. #hurricane landfalls on record (since 1851).” The storm has thus far killed seven people, including, as reported by CBS News, a 14-year-old girl and a 68-year-old man, and it left a path of damage and ruin across parts of Louisiana and Texas. As with so many disasters before, once the immediate danger of the storm itself is past, it will fall to many in its path to rebuild—including homeowners who have lost or seen their homes severely damaged.And in a year still reeling from the ongoing health and economic impacts of COVID-19, the road the recovery could be even more difficult.”I will tell you the damage was extensive,” Louisiana Gov. John Bel Edwards told CNN. “The wind speed was as promised. Right now I believe we got a break on the storm surge—about half of what was projected.”However, USA Today reported that National Hurricane Center storm surge specialist Jamie Rhome said that the center’s “initial analysis indicate it was as bad as feared in Cameron Parish.”According to the National Oceanic and Atmospheric Administration’s forecasts conducted last May, the 2020 hurricane season could produce 16 to 18 storms nationwide this year. That’s all the more troubling when you consider a recent survey finding that, while 86% of homeowners in high-risk states say they feel prepared for this year’s hurricane season, one-third haven’t taken any steps to actually prepare against storm damage.“While more than half of respondents say their homes could experience flood damage from a storm, 34% inaccurately believe that the damage would be covered by their home or renters insurance policy,” the report from ValuePenguin noted. It added that “over one-third were unaware that they would need flood insurance to protect their homes and possessions from a storm surge or heavy rains.”Many homeowners in high-risk areas also weren’t sure how much insurance they would need to be fully protected against hurricanes. More than 37% didn’t know if they had enough coverage. Moreover, 42% incorrectly estimated the average cost of repairing hurricane damage to be under $10,000 — significantly lower than the $42,000 average flood claim, according to the Federal Emergency Management Agency (FEMA).On the side of industry impact, servicers will be implementing industry playbooks established by previous storms in order to communicate with and assist impacted homeowners, as well as monitoring and dealing with damages to any REO properties. A CoreLogic forecast earlier this week, housing damage from Hurricane Laura could total more than $88 billion.“The coincidence of two catastrophes—a damaging hurricane season and the ongoing global pandemic—underscores the importance of the correct valuation of reconstruction cost, one of the core tenets of property insurance,” said Tom Larsen, Principal for Insurance Solutions at CoreLogic. “Homeowners, mortgage lenders, and insurers need to work together to ensure properties are fully protected and insured. CoreLogic data has found a correlation in mortgage delinquencies and catastrophes, which could point to a serious issue of underinsurance trends.”A.M. Best also emphasized the likely impacted on insurance companies’ balance sheets, with a Business Wire report on a new A.M Best commentary explaining that “reinsurance may help mitigate losses, but will challenge future risk management strategies, as loss-affected areas will see increases in reinsurance rates that are already hardening.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Tracking Hurricane Laura’s Impact on Homeowners About Author: David Wharton Servicers Navigate the Post-Pandemic World 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Related Articles Servicers Navigate the Post-Pandemic World 2 days agocenter_img Tracking Hurricane Laura’s Impact on Homeowners Subscribe August 27, 2020 1,352 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Hurricane Laura hurricanes 2020-08-27 David Wharton Tagged with: Hurricane Laura hurricanes in Daily Dose, Featured, Foreclosure, Journal, Loss Mitigation, News The Best Markets For Residential Property Investors 2 days ago Previous: Competition Heats Up Amid Diminishing Inventory Next: Hurricane Laura Damage Estimates in the Billionslast_img read more

Main Evening News, Sport and Obituaries Wednesday December 2nd

first_img Facebook FT Report: Derry City 2 St Pats 2 Facebook RELATED ARTICLESMORE FROM AUTHOR DL Debate – 24/05/21 Main Evening News, Sport and Obituaries Wednesday December 2nd:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/12/02newsweds.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Previous articlePreparations proceeding for rollout of Covid vaccine in IrelandNext articleNew Deputy Principal appointed to Deele College, Raphoe News Highland Pinterest AudioHomepage BannerNewsPlayback Derry draw with Pats: Higgins & Thomson Reaction Twittercenter_img WhatsApp Twitter WhatsApp Journey home will be easier – Paul Hegarty Google+ By News Highland – December 2, 2020 Harps come back to win in Waterford Main Evening News, Sport and Obituaries Wednesday December 2nd Google+ News, Sport and Obituaries on Monday May 24thlast_img read more

Nearly 300 priests and clergy in Texas accused of sex abuse over decades

first_imgABC News(LAREDO, Texas) — Nearly 300 priests and clergy members of the Catholic dioceses in Texas were identified for alleged sexual abuse of minors.In total, 14 archdioceses and dioceses in Texas released their lists on Tuesday, making them the latest in a string of disclosures by Catholic Church bodies across the country. The Diocese of Laredo announced that there were no credible accusations in its region.All of the lists name the accused priests and clergy members as well as their assignments, but they differed in the amount details they disclosed about the alleged abuses, the timing of the abuse and whether they resulted in any disciplinary action.For example, The Diocese of Amarillo, which detailed the accusations against its priests, noted that one priest was the subject of 16 allegations.Gustavo Garcia-Siller, the archbishop of San Antonio, said that the “allegations of clerical sexual misconduct and mishandling of some of these cases by bishops are tearing the Church apart.”An official from the Archdiocese of Galveston-Houston noted that there were a total of 278 individuals with credible accusations included on the lists, but that it might seem like more because some names were included twice as those people moved between dioceses.Cardinal Daniel DiNardo, who leads the Archdiocese of Galveston-Houston and serves as the president of the U.S. Conference of Catholic Bishops, released a lengthy statement calling the release of the names “right and just.”“Our Church has been lacerated by this wound and we must take action to heal it,” DiNardo wrote in the letter.“These sins have done great harm to the victims of the abuse and have deeply wounded the body of Christ, the Church. Those victimized by clergy over the years need and deserve our prayers, outreach, and support,” DiNardo wrote.The Survivors Network of those Abused by Priests (SNAP) released a statement in which it said that naming the priests and clergy members was “at least one small step.” However, it also said it was “concerned that these lists might not be as transparent as promised.”The lists included all accused officials whose allegations were found to be credible but did not name others who had been accused. Here is a breakdown of the 14 regions that reported credible cases of abuse:-The Archdiocese of Galveston-Houston listed 42 priests credibly accused since 1950, including one whose recent allegations are currently under investigation. Its list did not include dates of the alleged abuses or when they were reported.-The Archdiocese of San Antonio named 57 priests whose alleged abuses dated back to 1941. Two priests — one alive and one deceased — who are the subject of active investigations were not included on its list.-The Diocese of Austin listed 22 priests credibly accused of sexual abuse. The list did not include dates of the alleged abuses or when they were reported.-The Diocese of Amarillo listed 30 priests credibly accused since 1950. The list did not include dates of the alleged abuses or when they were reported.-The Diocese of Beaumont listed 13 priests. The list did not include dates of alleged abuses or when they were reported.-The Diocese of Brownsville listed 14 individuals credibly accused since 1965. The list did not include dates of alleged abuses or when they were reported.-The Diocese of Corpus Christi listed 26 priests. The list did not include dates for the alleged abuses or when they were reported.-The Diocese of Dallas listed 31 priests since 1950. The list did not include dates of the alleged abuses or when they were reported.-The Diocese of El Paso listed 30 priests credibly accused since 1950. The list did not include dates of the alleged abuses or when they were reported.-The Diocese of Fort Worth listed 17 priests accused of wrongdoing since 1969. The list did not include dates of the alleged abuse or when they were reported.-The Diocese of Lubbock listed five priests credibly accused since it was created in 1983. The list did not include dates of the alleged abuse or when they were reported.-The Diocese of Tyler listed one priest credibly accused since 1987. The list did not include dates of the alleged abuse or when it was reported.-The Diocese of Victoria listed three priests credibly accused of sexual abuse. The list did not include dates of the alleged abuses or when they were reported.-The Diocese of San Angelo listed 13 priests credibly accused of sexual abuse since it was created in 1961. The list did not include dates of the alleged abuses or when they were reported.There are now at least 16 jurisdictions across the country that have launched investigations into clerical sex abuse following the release of a Pennsylvania grand jury report detailing the alleged cover-up of decades of abuse by hundreds of Catholic priests. There is no active investigation in Texas and the state’s Attorney General told ABC News that it stands ready to assist local prosecutors if any requests are made.There are ongoing investigations in Arkansas, Delaware, Florida, Illinois, Maryland, Michigan, Missouri, Nebraska, New Jersey, New Mexico, New York, Pennsylvania, Vermont, Virginia and the District of Columbia, as well as with the Archdiocese of Anchorage in Alaska. Spokespeople for several other attorneys general offices told ABC News that their offices were reviewing options and considering taking similar actions.Copyright © 2019, ABC Radio. All rights reserved.last_img read more