Loans – Pro Impex http://proimpex.info/ Fri, 01 Oct 2021 09:30:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://proimpex.info/wp-content/uploads/2021/04/default1-150x150.png Loans – Pro Impex http://proimpex.info/ 32 32 Form 8.3 – Arrow Global Group PLC https://proimpex.info/form-8-3-arrow-global-group-plc/ https://proimpex.info/form-8-3-arrow-global-group-plc/#respond Thu, 08 Apr 2021 02:38:35 +0000 https://proimpex.info/form-8-3-arrow-global-group-plc/ FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE / TRANSACTION DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the OPA Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Holberg Fondsforvaltning AS (b) Owner or controller of the disclosed interests and short positions, if different from 1 (a): […]]]>

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE / TRANSACTION DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the OPA Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser:

Holberg Fondsforvaltning AS

(b) Owner or controller of the disclosed interests and short positions, if different from 1 (a):
The designation of nominees or vehicle companies is insufficient. For a trust, the trustee (s), settlor and beneficiaries must be named.

(c) Name of the offeror / officer in relation to the titles concerned by this form:
Use a separate form for each offeror / beneficiary

Arrow Global Group plc

(d) If an exempt fund manager is related to an offeror / offeror, indicate this and specify the identity of the offeror / offeror:

(e) Date of position held / transaction undertaken:
For an open position disclosure, indicate the last practicable date before the disclosure

April 6, 2021

(f) In addition to the company mentioned in 1 (c) above, does the discloser make any disclosures with respect to any other party to the offer?
If it is a cash offer or a possible cash offer, indicate “N / A”

N / A

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to be subscribed to be disclosed in more than one category of relevant securities of the offeror or offender named in point 1 (c), copy table 2 (a) or (b) (depending on the case) for each additional category of relevant titles. Security.

(a) Interests and short positions in the relevant securities of the offeror or the offender to which the disclosure relates as a result of the transaction (if applicable)

Relevant safety class:

1p ordinary share

Interests

Short positions

Number

%

Number

%

(1) Relevant securities held and / or controlled:

0

0%

(2) Derivatives settled in cash:

(3) Derivatives settled in shares (including options) and buy / sell agreements:

TOTAL:

0

0%

All interest and short positions must be disclosed.

Details of all open derivative positions settled in equities (including traded options) or relevant securities buy or sell agreements should be provided on a Supplemental Form 8 (Open Positions).

(b) Subscription rights for new securities (including options for directors and other employees)

Class of securities concerned in relation to which there is a subscription right:

Details, including the nature of the rights concerned and the relevant percentages:

3. TRANSACTIONS (IF APPLICABLE) BY THE PERSON MAKING THE DISCLOSURE

When there have been transactions on more than one category of relevant securities of the offeror or offender named in point 1 (c), copy table 3 (a), (b), (c) or (d ) (as the case may be) for each class of securities concerned processed.

The currency of all prices and other monetary amounts must be indicated.

(a) Purchases and sales

Relevant safety class

Buy Sell

Number of titles

Price per unit

1p ordinary

Sale

4,675,000

3.0350 GBP

(b) Cash-settled derivative transactions

Relevant safety class

Product Description
eg CFD

Nature of the transaction
For example, open / close a long / short position, increase / decrease a long / short position

Number of benchmark titles

Price per unit

(c) Equity-settled derivative transactions (including options)

(i) Write, sell, buy or modify

Relevant safety class

Product Description for example purchase option

Write, buy, sell, vary, etc.

Number of securities to which the option relates

Unit exercise price

Type
for example American, European, etc.

Expiration date

Option money paid / received per unit

(ii) Exercise

Relevant safety class

Product Description
for example purchase option

Exercise / exercised against

Number of titles

Unit exercise price

(d) Other operations (including the subscription of new securities)

Relevant safety class

Nature of the transaction
e.g. subscription, conversion

Details

Unit price (if applicable)

4. OTHER INFORMATION

(a) Indemnification and other trade agreements

Details of any indemnification or option agreement, or any agreement or arrangement, formal or informal, relating to the relevant securities which may be an inducement to trade or refrain from trading entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, indicate “none”

Nothing

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person regarding:
(i) the voting rights of any relevant security under an option; Where
(ii) voting rights or the future acquisition or disposal of any relevant security to which a derivative is referenced:
If there are no such agreements, arrangements or understandings, indicate “none”

Nothing

(c) Attachments

Is an additional form 8 (open positions) attached?

NO

Disclosure Date:

April 6, 2021

Name of the contact:

Harald jeremiassen

Phone number*:

0047 932 58 570

Public disclosures under Rule 8 of the Code must be made to a regulatory information service.

The Panel’s Market Surveillance Unit is available for consultation regarding the Code’s disclosure requirements on +44 (0) 20 7638 0129.

* If the discloser is a natural person, it is not necessary to provide a telephone number, provided the contact details have been provided to the Panel’s Market Monitoring Unit.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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Dow drops 100 points as big banks dive amid fire concerns https://proimpex.info/dow-drops-100-points-as-big-banks-dive-amid-fire-concerns/ https://proimpex.info/dow-drops-100-points-as-big-banks-dive-amid-fire-concerns/#respond Thu, 08 Apr 2021 02:38:22 +0000 https://proimpex.info/dow-drops-100-points-as-big-banks-dive-amid-fire-concerns/ Top line Stocks slide from record highs on Friday amid fallout from a $ 30 billion discount sale of hedge funds, highlighting speculative pockets in the market as investors fear big banks reign on debt risky margin that resulted in big losses last week. Credit Suisse in downtown Geneva, Switzerland. AFP via Getty Images Highlights […]]]>

Top line

Stocks slide from record highs on Friday amid fallout from a $ 30 billion discount sale of hedge funds, highlighting speculative pockets in the market as investors fear big banks reign on debt risky margin that resulted in big losses last week.

Highlights

Shortly after the market opened, the Dow Jones Industrial Average and the S&P 500, which both closed record highs on Friday, fell 70 points, or 0.2% and 0.5%, respectively, while the recently underperforming Nasdaq fell 0.3%. .

The big banks are showing market losses, with Morgan Stanley, Goldman Sachs, JPMorgan and Citigroup plunging between 2% and 5%.

Meanwhile, ViacomCBS and Discovery, whose Friday dips helped spark Archegos Capital Management’s massive fire sale, hold onto their losses, dropping 4% and climbing just 1%, respectively, after dropping by about 27% every Friday.

Elsewhere in the market, shares of property and casualty insurance company Chubb are up 2% in the S&P after the company issued a statement saying it was “disappointed” Hartford Financial Services chose not to discuss the proposed buyout of Chubb; Hartford shares plunge 4%.

Global stocks, meanwhile, are mixed, with the UK’s FTSE 100 plunging 0.5%, while the German DAX index climbs 0.3%.

Key context

Although tech stocks continue to underperform amid concerns about rising Treasury yields, the broader market has hit record highs this year as states begin to lift Covid-19 lockdown restrictions and that billions of dollars are being pumped into the economy by Washington. Yet pockets of commercial mania have dominated the headlines, with unprecedented volatility in some companies: first, in meme stocks like GameStop and AMC Entertainment, but more recently, in larger companies like Rocket Companies and ViacomCBS. . Meanwhile, record levels of margin debt have compounded market risk, as evidenced by the forced margin call on Friday.

Crucial quote

“Stocks are trading lower across the board and giving up some of Friday night’s rally,” Vital Knowledge Media founder Adam Crisafulli said Monday morning. “Friday’s extreme volume of block trades resulted in significant losses at at least two banks, and investors fear this block may be a macro issue as banks rule over margin lending at all levels,” stimulating further forced sales, but it probably is. exaggerated. “

What to watch out for

President Joe Biden is expected to launch his long-awaited Build Back Better package in Pittsburgh on Wednesday. The follow-up to the $ 1.9 trillion US bailout will be split into two separate legislative proposals, the White House said on Sunday. Investments in infrastructure will be at the heart of the first part of the plan, with more going to health care and childcare at the end of April. The main beneficiaries are expected to be industrial and materials companies, which will be called upon for infrastructure projects, but small-cap companies, whose sales tend to explode during periods of increased capital spending, are also likely. to win big, according to Bank of America.

Further reading

Nomura and Credit Suisse warn of ‘significant’ losses following sale of Archegos fire and fall in bank stocks (Forbes)

The company behind the $ 30 billion garage sale that rocked financial markets has revealed next to nothing (Forbes)

Biden to split new $ 3 trillion stimulus package into two proposals, with infrastructure first on bridge (Forbes)

Trade war: Biden administration not ready to ‘withdraw’ Chinese tariffs, but open to talks (Forbes)

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More transparency and understanding of machine behavior | MIT News https://proimpex.info/more-transparency-and-understanding-of-machine-behavior-mit-news/ https://proimpex.info/more-transparency-and-understanding-of-machine-behavior-mit-news/#respond Thu, 08 Apr 2021 02:38:14 +0000 https://proimpex.info/more-transparency-and-understanding-of-machine-behavior-mit-news/ Explaining, interpreting and understanding the human mind presents a unique set of challenges. Doing the same for machine behavior is a whole different story. As artificial intelligence (AI) models are increasingly used in complex situations – approving or denying loans, helping doctors make medical diagnoses, helping drivers on the road, or even taking full control […]]]>

Explaining, interpreting and understanding the human mind presents a unique set of challenges.

Doing the same for machine behavior is a whole different story.

As artificial intelligence (AI) models are increasingly used in complex situations – approving or denying loans, helping doctors make medical diagnoses, helping drivers on the road, or even taking full control – humans still lack a holistic understanding of their abilities and behaviors.

Existing research mainly focuses on the basics: how accurate is this model? Often, focusing on the notion of simple precision can lead to dangerous oversights. What if the model makes mistakes with very high confidence? How would the model behave if it encountered something new, like a self-driving car seeing a new kind of traffic sign?

In the quest for better human-AI interaction, a team of researchers at MIT’s Laboratory for Computing and Artificial Intelligence (CSAIL) have created a new tool called Bayes-TrEx that enables developers and users to gain in transparency in their AI model. Specifically, it does this by finding concrete examples that lead to a particular behavior. The method uses “posterior Bayesian inference”, a mathematical framework widely used to reason about the uncertainty of the model.

During experiments, the researchers applied Bayes-TrEx to several image-based datasets and discovered new information that was previously overlooked by standard assessments focusing only on the accuracy of predictions.

“Such analyzes are important to verify that the model works correctly in all cases,” says Yilun Zhou, PhD student at MIT CSAIL, co-principal investigator on Bayes-TrEx. “A particularly alarming situation is when the model makes mistakes, but with very great confidence. Due to the high user confidence compared to the reported high confidence, these errors may go unnoticed for a long time and only be discovered after causing significant damage.

For example, after a medical diagnostic system has finished learning about a set of X-ray images, a physician can use Bayes-TrEx to find images that the model has misclassified with very high confidence, in order to make sure that no particular variant of a disease is missing.

Bayes-TrEx can also help to understand the behaviors of models in new situations. Take autonomous driving systems, which often rely on camera images to capture traffic lights, bike lanes and obstacles. These common events can be easily recognized with great precision by the camera, but more complicated situations can present literal and metaphorical obstacles. A zipped Segway could potentially be interpreted as something as big as a car or as small as a bump in the road, resulting in a tricky turn or costly collision. Bayes-TrEx could help cope with these new situations to come time consuming and allow developers to correct any unwanted results before potential tragedies occur.

In addition to images, the researchers are also tackling a less static area: robots. Their tool, called “RoCUS”, inspired by Bayes-TrEx, uses additional adaptations to analyze robot-specific behaviors.

While still in a testing phase, experiences with RoCUS indicate new findings that could easily be missed if the assessment focused solely on task completion. For example, a 2D navigation robot that used a deep learning approach preferred to navigate closely around obstacles, due to the way the training data was collected. Such a preference, however, could be risky if the robot’s obstacle sensors are not fully accurate. For a robot arm hitting a target on a table, the asymmetry in the robot’s kinematic structure showed greater implications for its ability to hit targets on the left versus the right.

“We want to make human-AI interaction safer by giving humans more information about their AI collaborators,” said Serena Booth, PhD student at MIT CSAIL, co-lead author with Zhou. “Humans should be able to understand how these agents make decisions, predict how they will act in the world, and most importantly, anticipate and work around failures. ”

Booth and Zhou are co-authors of the Bayes-TrEx work alongside MIT CSAIL PhD student Ankit Shah and MIT professor Julie Shah. They presented the document virtually at the AAIA conference on artificial intelligence. Along with Booth, Zhou and Shah, MIT CSAIL postdoctoral fellow Nadia Figueroa Fernandez contributed to the work on the RoCUS tool.

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thousands flee conflict in Ethiopia, protests against Tigray rulers planned | World news https://proimpex.info/thousands-flee-conflict-in-ethiopia-protests-against-tigray-rulers-planned-world-news/ https://proimpex.info/thousands-flee-conflict-in-ethiopia-protests-against-tigray-rulers-planned-world-news/#respond Thu, 08 Apr 2021 02:38:00 +0000 https://proimpex.info/thousands-flee-conflict-in-ethiopia-protests-against-tigray-rulers-planned-world-news/ (This story from November 11 is passed on to clarify the title to show that the planned protests are against the leaders of Tigray) ADDIS ABABA (Reuters) – Ethiopian refugees poured into Sudan on Wednesday as federal troops under Prime Minister Abiy Ahmed clashed with well-armed local forces in Tigray and protests against leaders in […]]]>

(This story from November 11 is passed on to clarify the title to show that the planned protests are against the leaders of Tigray)

ADDIS ABABA (Reuters) – Ethiopian refugees poured into Sudan on Wednesday as federal troops under Prime Minister Abiy Ahmed clashed with well-armed local forces in Tigray and protests against leaders in the northern region were planned elsewhere.

With foreigners stranded and communications interrupted, it was unclear how Abiy’s offensive was progressing against regional leaders of the Popular Front for the Liberation of Tigray (TPLF).

But security sources and state media spoke of hundreds of deaths in the mountainous state https://graphics.reuters.com/ETHIOPIA-CONFLICT/yzdvxkyewpx/ethiopia-tigray-conflict.jpg over 5 million of people, where federal warplanes shelled weapons and fuel depots while soldiers fought on the ground.

Political cartoons about world leaders

Both sides have claimed successes, including Federal troops taking an airport and Tigrayans claiming to have shot down a jet, but verification was not possible. The government has, however, confirmed that the TPLF controls a powerful northern military command complex in Tigray’s capital, Mekelle.

Given the deep antipathy between the Tigrayans and Abiy, which comes from the Oromo, the largest ethnic group, as well as ethnic friction across Ethiopia, there are fears of a civil war and repercussions in the Horn of the Valley region. ‘Africa.

Ethiopia struck a peace deal with neighboring Eritrea two years ago, for which Abiy won the 2019 Nobel Peace Prize, and the Asmara government shares its hostility to the TPLF.

Abiy’s government has also deployed troops to Somalia to help fight an Islamist insurgency.

Sudan said more than 10,000 Ethiopians had already crossed the border.

“We are in a very critical humanitarian situation because these numbers, which we plan to increase, are beyond our capacities, and there is a serious shortage of food, shelter and care,” said Alsir Khaled of the Refugee Commission in Eastern Sudan.

Abiy, who at 44 is Africa’s youngest leader, launched operations in Tigray last week after accusing the local government of attacking a military base.

The United Nations, the African Union and others want a ceasefire, but diplomats believe Abiy intends to crush the Tigrayan leadership. “We will not rest until this junta is brought to justice,” he tweeted Tuesday evening.

The U.S. State Department’s top diplomat for Africa, Tibor Nagy, spoke on the phone with Ethiopia’s Foreign Minister Demeke Mekonnen, state-affiliated broadcaster Fana said.

“The conflict must be prevented from spreading to the region,” the German foreign ministry said.

Abiy, a former soldier who once fought alongside the Tigrayans against Eritrea, took office in 2018 after a Tigrayan-led government dominated politics since rebels in their region spearheaded of the overthrow of the Marxist military regime in 1991.

But his efforts to ease a repressive political climate have also led to ethnic clashes, with hundreds killed and hundreds of thousands forced from their homes in the past two years.

Leaders of Oromiya, the largest of Ethiopia’s nine ethnic regions with around 35 million people, and Amhara scheduled anti-TPLF protests on Thursday as part of what appeared to be a government campaign to instigate the support.

The rallies will protest against the “atrocities” and “betrayal” of the TPLF, according to Gizachew Muluneh, spokesman for the Amhara regional government which supports Abiy.

The Addis Ababa mayor’s office also announced protests in the coming days and urged residents to donate blood and money to show their support for the Tigray soldiers.

There was no public statement Wednesday from the Tigrayan leadership.

The state-appointed human rights commission said six Ethiopian journalists had been arrested. The International Committee to Protect Journalists has warned of “a dangerous reversal” of Abiy’s past measures to improve press freedom.

Spokesmen for the federal police and attorney general’s office, where the prime minister’s spokeswoman referred Reuters for comment, did not respond to calls and messages.

Suppressing Tigray can be difficult for Abiy, experts say.

The TPLF is a seasoned movement, having been at the forefront of the 1998-2000 war with Eritrea and the defeat of dictator Mengistu Haile Mariam in 1991. Their forces and militias are well equipped and number up to 250,000.

Although there were few details on the ground this week, the fighting was worsening the humanitarian situation in Tigray, where there were already 100,000 internally displaced people and 600,000 dependent on food aid.

The charity International Rescue Committee said there was only one month of fuel left for water pumps serving refugees in Tigray.

(Reporting by Giulia Paravicini in Addis Ababa, Khalid Abdelaziz in Khartoum, the Nairobi press room; written by Maggie Fick and Andrew Cawthorne; edited by Nick Tattersall, William Maclean and Mark Heinrich)

Copyright 2020 Thomson Reuters.

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Behind the rent? In danger of being deported? Here’s what you need to know https://proimpex.info/behind-the-rent-in-danger-of-being-deported-heres-what-you-need-to-know/ https://proimpex.info/behind-the-rent-in-danger-of-being-deported-heres-what-you-need-to-know/#respond Thu, 08 Apr 2021 02:37:40 +0000 https://proimpex.info/behind-the-rent-in-danger-of-being-deported-heres-what-you-need-to-know/ Click here for updates on this story MIAMI (WFOR) – The Biden administration has extended the federal moratorium on evictions until June 30, 2021 – a new reprieve for tenants behind in their payments. But on July 1, Brian Carberry said, “I think the main thing people need to remember is that just because the […]]]>

Click here for updates on this story

MIAMI (WFOR) – The Biden administration has extended the federal moratorium on evictions until June 30, 2021 – a new reprieve for tenants behind in their payments.

But on July 1, Brian Carberry said, “I think the main thing people need to remember is that just because the moratorium is extended doesn’t mean tenants won’t have to pay back part of the rent. they must.

Carberry is the managing editor of Rent.com, a nationwide tenant locator service that has a huge rental database.

“If they can’t pay their rent now, the next three months they won’t be able to pay rent,” he said. “And in June, they’re just going to owe more money at the end of it.”

Stimulus funds might help, unemployment checks might help, local and state programs can help settle tenant obligations. But as we’ve learned from food distribution agencies, it takes 18-24 months for unemployment to recover when the economy picks up.

“When this moratorium ends, there will be people who will owe thousands of dollars in rent in arrears. There is no right way to help people, ”Carberry said.

And there are the owners – big companies with mega-loans who have started to go through eviction formalities. Moms and dads are also strapped for cash with mortgages to satisfy.

“Homeowners pop, renting a room in their house, whatever, they still have a mortgage to pay. If they depend on that rental, they also suffer, ”Carberry said.

It’s not a pretty picture, especially for residents of Miami-Dade and Broward, where rents are already high and economic sectors, like tourism and the service sector, are still struggling,

On the horizon, the potential, says Carberry, “Ultimately, to get that money back, you may see some landlords raise the rent when it’s time to do it to get some of that money back.”

Note: this content is subject to a strict embargo in the local market. If you share the same market as the contributor of this article, you cannot use it on any platform.


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Bank executives call on shareholders for third-party racial fairness audit https://proimpex.info/bank-executives-call-on-shareholders-for-third-party-racial-fairness-audit/ https://proimpex.info/bank-executives-call-on-shareholders-for-third-party-racial-fairness-audit/#respond Thu, 08 Apr 2021 02:37:16 +0000 https://proimpex.info/bank-executives-call-on-shareholders-for-third-party-racial-fairness-audit/ Shareholders with $ 1.2 trillion in assets want big banks to conduct a racial equity audit. The audit would be performed by a third-party law firm and the results would be public. Bank executives from Citi, BofA and others are urging shareholders to vote against the proposal. In the wake of George Floyd’s death, a […]]]>
  • Shareholders with $ 1.2 trillion in assets want big banks to conduct a racial equity audit.
  • The audit would be performed by a third-party law firm and the results would be public.
  • Bank executives from Citi, BofA and others are urging shareholders to vote against the proposal.

In the wake of George Floyd’s death, a number of major banks and financial institutions announced billions in massive investments and donations to tackle racial inequalities as well as internal plans to promote diversity.

Today, a group of investors with more than $ 1.2 trillion in assets, the Service Employees International Union (SEIU) capital stewardship program and CtW Investment Group, are asking some of these banks to have some of these banks audited their plans, proposals and policies by a third party, preferably a civil rights law firm. The investor group says the company would judge whether companies are going far enough to promote racial justice. They did not propose a specific methodology on how the third party would audit companies.

Executives from Wells Fargo, Citi, Bank of America and Goldman Sachs have asked shareholders to vote against the audit, which would be made public if approved.

Investors are also asking JP Morgan, BlackRock and Morgan Stanley to conduct an audit of its business practices and diversity and inclusion strategies. JPMorgan has yet to issue a proxy statement responding to the request.

Morgan Stanley has reached an agreement with investors in which, according to CtW, the company will conduct “an internal review related to the diversity of its employees and senior executives.” BlackRock has also addressed the issue with investors and has agreed to an independent audit to be conducted in 2022, Bloomberg reported.

The push by SEIU and CtW shines the spotlight on the financial sector. Amid increased calls from employees, customers and investors for more diversity, the debate begs the question of what degree of oversight is needed to ensure that banks that have historically engaged in racist policies embrace racial justice and the diversity.

“There has to be more accountability,” Dieter Waizenegger, executive director of CtW Investment Group, told Insider. “We need independent evaluations.”

Bank executives react

The audit would examine banks’ financial products to ensure that they treat blacks, browns and Asians fairly, such as ensuring they have equal access to mortgages and small business loans. companies. It would also inspect the impact of bank donations to law enforcement organizations and examine a bank’s promotion and retention of black, brown and Asian employees, which is a problem in the financial industry.

In their proxy statements, financial executives said they shared CtW’s concern to advance racial equity, but argued that the audit would be redundant to work already underway. Bank of America, for example, cited its billion-dollar pledge to advance racial equity, a third-party to evaluate its equal pay process and internal programs focused on “improving representation. and the professional development of our various teammates “.

CtW said none of the banks it sent the proposal to have the level of third-party oversight of a civil rights organization or law firm they are looking for.

“We believe our progress on the issue of racial equality and our regular reporting on that progress negates the audit requested by the proposal,” a Bank of America spokesperson told Insider.

Citi did not mention a third-party reviewer of its racial justice practices in its proxy statement. “While we do not agree with the overall approach of this proposal,” the statement said, “we are fully aligned with its stated goal of tackling racial inequalities in the financial sector.”

Goldman also did not mention a third-party auditor of its racial justice practices in its proxy statement; however, its CEO “called on all of our diversity committees and affiliate networks to help the firm” increase internal diversity.

A Goldman spokesperson declined to comment further on the proxy report, but mentioned that the company would release additional data on its workforce diversity this year.

Wells Fargo hired a third party to conduct a “human rights impact assessment” with “a particular focus on racial equity,” according to its proxy statement. A summary of the findings will be published publicly. Wells Fargo did not say whether the firm responsible for the report is a civil rights law firm, which CtW claims.

Morgan Stanley did not respond to a request for comment.

A complicated past

The financial institutions in question have recently made diversity, inclusion and racial equity a major concern, as demonstrated by multi-billion dollar philanthropic and strategic investments.

But they have also historically contributed to the racial wealth gap through racist processes such as redlining, a practice in which bankers identify neighborhoods, usually predominantly black, where they would not lend money for mortgages. and loans.

And while the Fair Housing Act banned discriminatory loans half a century ago, black Americans are denied mortgages at a much higher rate than white lenders. Last year, that was an 80% difference, according to data collected under the Home Mortgage Disclosure Act. Black Americans also pay higher interest rates, according to a report by the National Bureau of Economic Research.

Shareholders will vote on the proposal at their annual meetings, most of which will take place at the end of April.

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Bowe Elementary parents worried after delayed return to in-person learning – WWLP https://proimpex.info/bowe-elementary-parents-worried-after-delayed-return-to-in-person-learning-wwlp/ https://proimpex.info/bowe-elementary-parents-worried-after-delayed-return-to-in-person-learning-wwlp/#respond Thu, 08 Apr 2021 02:36:46 +0000 https://proimpex.info/bowe-elementary-parents-worried-after-delayed-return-to-in-person-learning-wwlp/ Survey: Financial hardship accumulates for patients Video / 5 hours ago Video Mass. and Cass cited in drug use site push Video / 5 hours ago Video Massachusetts COVID-19 Weekend Report: 14 New Deaths, 4,095 New Cases Video / 4 hours ago Video Mask term extended for K-12 public schools Video / 5 hours ago […]]]>

Survey: Financial hardship accumulates for patients

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Mass. and Cass cited in drug use site push

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Massachusetts COVID-19 Weekend Report: 14 New Deaths, 4,095 New Cases

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Mask term extended for K-12 public schools

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Baker-Polito administration tables legislation to further support military families transferred to Massachusetts

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Judge rejects request for state police injunction on vax warrant

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Massachusetts House agrees to vaccinate representatives and staff

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Back masks, poker on the way to the Springfield casino

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Gender Identity Bill Passes Unanimously in Massachusetts Senate

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Governor attends tree planting event in Westfield

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Massachusetts COVID-19 Daily Report: 24 new deaths, 1,821 new cases

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PVTA Solar Array Grant Money

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Another quiet transfer window for clubs in Spain https://proimpex.info/another-quiet-transfer-window-for-clubs-in-spain/ https://proimpex.info/another-quiet-transfer-window-for-clubs-in-spain/#respond Wed, 07 Apr 2021 23:17:43 +0000 https://proimpex.info/another-quiet-transfer-window-for-clubs-in-spain/ MADRID (AP) – Another transfer window to Spain went quietly on Monday as none of the top teams made big signings as they continue to feel financially crushed by the coronavirus pandemic. Barcelona have been hit the hardest and will be without the players coach Ronaldo Koeman wanted to add, including defender Eric García and […]]]>

MADRID (AP) – Another transfer window to Spain went quietly on Monday as none of the top teams made big signings as they continue to feel financially crushed by the coronavirus pandemic.

Barcelona have been hit the hardest and will be without the players coach Ronaldo Koeman wanted to add, including defender Eric García and striker Memphis Depay. The club are also mired in political turmoil, being run by a board that cannot make many transfer decisions.

Real Madrid haven’t signed any significant signings either, with striker Luka Jovic and midfielder Martin Odegaard starting on loan at Eintracht Frankfurt and Arsenal respectively. The club also sent young Japanese striker Takefusa Kubo from Villarreal to Getafe on loan.

Barcelona and Real Madrid are 10 points behind Atlético Madrid, who brought in French striker Moussa Dembélé from Lyon to replace Diego Costa, who left the club a few weeks ago.

Sevilla have added Atalanta’s Papu Gómez, while Real Sociedad have transferred Willian José to Wolverhampton Wanderers.

Valencia, also trying to recover from a slow start to the season, have reached a deal for the return of right-back Cristiano Piccini from Atalanta. He also signed defender Ferro from Benfica and striker Patrick Cutrone from Wolverhampton.

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More AP football: https://apnews.com/Soccer and https://twitter.com/AP_Sports

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Kirkland lawyers flock to private equity positions https://proimpex.info/kirkland-lawyers-flock-to-private-equity-positions/ https://proimpex.info/kirkland-lawyers-flock-to-private-equity-positions/#respond Wed, 07 Apr 2021 23:17:41 +0000 https://proimpex.info/kirkland-lawyers-flock-to-private-equity-positions/ Nine Kirkland & Ellis attorneys held in-house private equity positions in the first quarter of 2021, most moving on to chief legal positions. Kirkland partner Nadia Karkar left the firm’s San Francisco office last month to join TPG Global LLC as general counsel based in the same city. Elizabeth Freechack, a New York-based mergers and […]]]>

Nine Kirkland & Ellis attorneys held in-house private equity positions in the first quarter of 2021, most moving on to chief legal positions.

Kirkland partner Nadia Karkar left the firm’s San Francisco office last month to join TPG Global LLC as general counsel based in the same city. Elizabeth Freechack, a New York-based mergers and acquisitions and private equity firm, joined private equity firm L Catterton as deputy general counsel, also in March.

Among other notable exits, Andrew Fleischman, a New York-based corporate partner, joined FTV Management Co. LP in February as general counsel. Joshua Merrill, a newly promoted private equity and mergers and acquisitions partner in Dallas, also left this month to become chief legal officer of Echo Investment Capital.

Large firms like Kirkland, while keen to hang on to talent, could also benefit if lawyers leave their ranks for internal positions with coveted clients. Once these recruits are in their new positions, they may be in a good position to direct legal work to their former employers.

Kirkland declined to discuss the circumstances surrounding the departures. The firm confirmed the outings when Bloomberg Law inquired about them.

Kirkland, known for its legions of non-equity partners and restructuring expertise, has a leading private equity practice geared towards global buyout companies.

Bloomberg Law reported this week that private equity deals were partly responsible for Kirkland’s strong performance at the top of the quarterly M&A charts.

In January, Kirkland’s Chicago partner Gerald “Jerry” Nowak joined private equity firm Thoma Bravo LLC as managing director, general counsel and chief executive officer. Nowak told Bloomberg Law at the time that before joining Thoma Bravo, he had been the buyout firm’s main outside advisor for 20 years.

Nowak’s move came after another Kirkland private equity client, Paine Schwartz Partners LLC, turned to the company when it needed a new in-house general counsel last year.

TPG, a long-time Kirkland client, has hired Karkar to be the best advocate for its Growth & Rise fund, which focuses on investments that will generate returns and have a positive social and environmental impact.

Karkar, who once served as CEO of a luxury real estate agency in his native Australia, did not respond to a request for comment on Kirkland’s departure for TPG.

She joined Kirkland in 2016 from Weil, Gotshal & Manges, where she spent approximately five years as a partner in New York and Hong Kong. Karkar left Weil in 2012 but returned to the company in 2015 after completing his tenure as CEO.

Freechack now works in Greenwich, Connecticut, in the office of L Catterton, a French-American buyout firm that is also an investor in Equinox Holdings Inc. The luxury gym chain lost $ 350 million last year. due to the coronavirus pandemic and retained Kirkland for restructuring advice.

Fleischman, before moving in-house with FTV, led a team from Kirkland in January that advised the company on its investment in residential solar finance platform Sunlight Financial LLC, which agreed to go public by merging with a SPAC. Kirkland also managed a $ 1.2 billion fundraiser by FTV last year.

Echo Investment Capital, which hired Merrill, is an Oklahoma City-based investment firm founded by founder and CEO of Echo Energy LLC, Christian Kanady. Echo Energy, like many other US energy companies, filed for bankruptcy last year.

The other Kirkland lawyers who left for the private equity world this year are:

Alisha Patterson – The Boston-based private equity and fund training partner scrambled in January to join Canadian private equity firm Whitehorse Liquidity Partners Inc. as General Counsel in Toronto.

Jacob hansen – The New York-based partner firm joined buyout giant Cerberus Capital Management LP in January as a director and deputy general counsel for Cerberus Operations and Advisory Co. LLC. Kirkland advised Cerberus and Koch Minerals & Trading LLC in March on its $ 1.1 billion purchase of a performance chemicals company from PQ Group Holdings Inc.

Peter Anderson – The Chicago-based partner firm joined the private equity firm AFV Partners LLC of Tony Aquila, a private equity firm based in Argyle, Texas, as general counsel in January. AFV called on Anderson after several acquisitions – he bought Seattle Avionics, RocketRoute Ltd. and Aircraft Performance Group LLC over the past year. Kirkland has represented AFV and Aquila in litigation.

Sara Ashley Moreno – Cardinal System Holdings LLC, a family-owned holding company that makes strategic investments in various industries, hired Houston-based Moreno as general counsel in January. Cardinal System’s operations are primarily located in Houston and Tampa.

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Here is where you can buy Pa potato fritters. Farm Show https://proimpex.info/here-is-where-you-can-buy-pa-potato-fritters-farm-show/ https://proimpex.info/here-is-where-you-can-buy-pa-potato-fritters-farm-show/#respond Wed, 07 Apr 2021 23:17:40 +0000 https://proimpex.info/here-is-where-you-can-buy-pa-potato-fritters-farm-show/ The Pennsylvania Farm Show is virtual this year, but that doesn’t mean you still can’t get a taste of the annual event. The Pennsylvania Co-Operative of Potato Growers is selling its powdered sugar donuts at Giant and Karns Food stores starting January 8. Donuts are a hallmark of the Farm Show food court. “We are […]]]>

The Pennsylvania Farm Show is virtual this year, but that doesn’t mean you still can’t get a taste of the annual event.

The Pennsylvania Co-Operative of Potato Growers is selling its powdered sugar donuts at Giant and Karns Food stores starting January 8. Donuts are a hallmark of the Farm Show food court.

“We are delighted that virtual Farm Show viewers can still enjoy the Pennsylvania Farm Show fresh potato fritters this year,” said Nathan Tallman, executive director of the Pennsylvania Co-Operative Potato Growers. Inc., in a press release.

Due to the coronavirus pandemic, the Ministry of Agriculture is organizing a virtual farm fair from January 9 to 16 filled with online events on the theme “Growing tomorrow”.

  • READ MORE: Farm Show 2021 Releases Virtual Events Calendar; here are the highlights

While the famous butter carving isn’t taking place this year, other highlights include live cameras of a duckling pond and beehive, cooking demonstrations, and farm tours. In addition, the Calving Corner, which allows visitors to witness the birth and care of calves, will be held virtually.

Potato growers are not the first group to jump into grocery store sales.

Pa. Dairymen’s Association, renowned for its famous Farm Show milkshakes, sells pints of “Cowabunga” ice cream in two flavors, chocolate and vanilla, at Karns Foods and Stauffers of Kissel Hill Fresh Foods stores in Lancaster.

As for the donuts, they are made with a special recipe based on potato flour. A limited quantity will be available for purchase at the following locations:

Participating Giant locations:

  • 6560 Carlisle Pike, Mechanicsburg
  • 136 Kline Village, Harrisburg
  • 450 East Main Street, Middletown
  • 3777 Peters Mountain Road, Halifax
  • 1250 Avenue du Cacao, Hershey
  • 12 Newport Plaza, Newport
  • 255 Cumberland Parkway, Mechanicsburg
  • 130 Old York Road, New Cumberland
  • 3301 Trindle Road, Camp Hill
  • 277 Hershey Road, Hummelstown
  • 4211 Union Deposit Road, Harrisburg
  • 5301 Simpson Ferry Road, Mechanicsburg
  • 2300 Linglestown Road, Harrisburg
  • 4510 Marketplace Way, Enola
  • 5005 Jonestown Road, Harrisburg
  • 6301 Grayson Road, Harrisburg

Participating Karns Foods locations:

  • 6001 Allentown Blvd, Harrisburg
  • 1023 State Street, Lemoyne
  • 413 Forge Road, Boiling Springs
  • 4870 Carlisle Pike, Mechanicsburg
  • 35 Center Drive, New Bloomfield
  • 731 Cherry Drive, Hershey
  • 101 Union Street South, Middletown
  • 10 Newberry Commons, Goldsboro
  • 1706 Spring Road, Carlisle
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