House passes Phase 3 coronavirus relief

first_img continue reading » Following Senate passage earlier this week, the House today passed the Phase 3 coronavirus relief package – the CARES Act – which includes several provisions for which NAFCU had advocated. The president is expected to sign it.NAFCU aggressively lobbied Capitol Hill throughout negotiations on the bill to ensure credit unions have the relief they need to serve members and communities as the coronavirus introduces challenges.The final legislation includes several wins for credit unions, including:flexibility for the NCUA in dealing with troubled debt restructurings (TDRs);an adjustment to the definition of eligible institutions to ensure credit unions are eligible for new Small Business Administration (SBA) programs; ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Italy’s Mario Negri pension fund tenders bond, equity mandates

first_imgThe pension fund, which divides assets strategically among various major asset classes and has a conservative investment profile, said investment managers tendering for the mandates should have assets under management of at least €5bn.The “Mario Negri” pension fund provides details of how managers should respond using its published questionnaires.It said that, on the basis of the replies it receives, it will then move on to pre-select managers to go through the next phase.A second phase of the process will then consist of possible direct meetings to gain further information and clarification on proposals.The pension fund had €2.3bn in total assets at the end of 2014. The Italian pension fund for executives of commercial, haulage and transport companies, Fondo di Previdenza “Mario Negri”, has announced a tender for three investment management mandates.The pension fund is offering mandates for three portfolios – global balanced (bonds and equities), US equities and European small and mid-cap equities – according to a notice from the fund.The fund did not state the value of the mandates.The deadline for tenders to be received is 8 March.last_img read more

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NIDO Reacts to Media Report

first_imgA group of Nigerians living in Liberia has condemned a recent publication by a local paper, which quoted “prominent Nigerians” residing in Liberia as calling on their country’s government to recall its ambassador from Liberia.The Nigerians under the banner, Nigerians In Diaspora Organization (NIDO) told the Observer that at no time did any “prominent Nigerian” residing in Liberia urged or called on their country’s government to recall their Ambassador from Liberia.“This information is false and misleading and does not reflect the true sentiments of the real prominent Nigerians in Liberia, who applaud Her Excellency Chigozie F. Obi-Nnadozie for her excellent work. Our embassy now wears a dignified new look and we now have a professional representation of Nigeria and Nigerians in Liberia.”NIDO said the authors of the newspaper’s article are confused individuals. NIDO also stated that a purported group, who calls themselves Nigerian Descendants or Naturalized Liberians, was the one soiling Nigeria’s image in Liberia.NIDO has called on all Nigerian citizens in Liberia to get wise and ignore “the antics of these charlatans.”NIDO is a recognized non for-profit making organization, representing Nigerian citizens in Liberia. One of its core values is to encourage Nigerians living in Liberia to be law abiding citizens and good representatives of Nigeria.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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