Never before have financial institutions been under the type of scrutiny they are today. Regulations and guidance imposed by the OCC, FDIC and the CFPB have forced institutions to not only monitor their overdraft protection programs more closely, but to also justify their very existence. Still, it is possible to balance the rewards of providing this short-term liquidity service with the financial and compliance risks it can pose, but it requires a new level of expert analysis and automation.Gone are the days of the “one-size-fits-all” overdraft programs where all accountholders of a particular account type received the same overdraft limit. Institutions today must rely on more advanced algorithms and accountholder data to guide them in setting the correct overdraft limit, on the correct day, for the correct person. Without this level of sophistication, financial institutions put themselves not only at risk with regard to income and customer service, but at a loss when explaining to regulators why they paid certain items for an accountholder when the accountholder clearly did not have the ability to repay the overdraft.Automatically Set Dynamic LimitsModern overdraft management software can provide automated scoring capabilities that actively manage risk and keep your overdraft program compliant. Far from the “one-size-fits all” approach to setting overdraft limits, automated and dynamic scoring enables your institution to create a risk profile on a daily basis for each individual accountholder and assign an overdraft limit based on that accountholder’s ability to repay. Dynamic limits can be calculated automatically based on a multitude of accountholder data points, including specific deposit and overdraft activity, as well as related balances and more.The ability to set dynamic limits, lets your institution provide accountholders with a personalized overdraft pay service based on repayment capacity. Institutions maximize service by paying/authorizing more items for those accountholders who can afford it and want to use it, while pulling back on overdraft limits for those accountholders whose ability to repay has diminished. The financial institution is able to approve more overdrafts to maximize service; incur less risk with fewer charge-offs; and save time making fewer pay/return decisions. A win-win for everyone.Satisfy Regulator GuidelinesRegulators expect financial institutions to monitor changes in customer usage to identify risks and to detect “potential changes to repayment capacity with respect to the overdraft product.” Automated risk scoring allows your institution to monitor “the individual credit worthiness of accountholders” and customize the service to meet their ability to repay.In addition, regulators have also stated that management “should exercise appropriate oversight through receipt and review of regular reports.” Your overdraft program should provide automated reports that track and monitor excessive overdrafts, for instance, so you can immediately make appropriate plan adjustments as well as communicate to accountholders their program status.Do It in the CloudThe type of automated overdraft software that is easiest to maintain is one that is cloud-based. This type of software delivery also provides security, ease-of-use and potential cost savings by eliminating software seat licenses, upgrade expenses, etc.Benefits of a cloud-based overdraft software include:Nightly updates and upgrades that occur automatically with NO impact on your financial institution’s IT staff.Security back-ups, software upgrades, secure file transfers and server maintenance that no longer are your financial institution’s burden.Complete compliance with multifactor authentication to meet regulatory requirements.Automating your overdraft system helps your financial institution reap the monetary rewards of providing this much-appreciated customer service, while minimizing charge-offs and regulatory scrutiny. Your accountholders appreciate your ability to meet their short-term liquidity needs and your institution is able to make sure their limits match their ability to repay. 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jeff Harper Jeffrey Harper brings more than 25 years of industry experience to his position as president of BSG Financial Group. where he heads up the Sales and Marketing divisions of the … Web: www.bsgfinancial.com Details
ELLSWORTH — The 11th annual Flattop 5K and kids’ Fun Run is slated for Saturday, March 26, in Lamoine.The race is held in honor of the late Bill Pinkham, a dedicated runner in the community.The kids’ one-mile run is set for 9:30 a.m., and the 5K begins at 10. The cost is $15 for 5K runners and $1 for the Fun Run.Races begin at the Lamoine Consolidated School, which is on Route 184 — about six miles from the intersection of routes 1 and 184.This is placeholder textThis is placeholder textRegistration closes on race day at 9 a.m. for the Fun Run and 9:30 for the 5K.For more information, call Robin Emery at 667-9219.
UW\’s Jason Bohannon was able to keep OSU\’s Jon Diebler under raps in their only meeting of the season.[/media-credit]Although the NCAA Tournament doesn’t start for another week, the real March Madness begins this weekend as the Badgers take on the Ohio State Buckeyes Friday in the second round of the Big Ten Tournament.The Badgers enter the tournament as the defending champions. Last year, they were able to defeat Michigan, Michigan State and Illinois en route to the 2008 title. This year, however, their success seems to have been forgotten due to their 19-11 record, which includes a six-game losing streak.“It seems to me like everybody forgot about that,” Wisconsin forward Marcus Landry said. “The way we have been playing, I truly believe a lot people forgot about that, that Wisconsin won the Big Ten championship. But, we have to go in there with that mentality and say, ‘Hey, we’ve got it done before, we are going to get it done again.’ And even though we didn’t win the conference this year, there is still a chance to win the [tournament] championship.”This year, Wisconsin enters the tournament as the fourth seed and received a first-round bye. Their first game against the Buckeyes in the tournament’s second round will be just the second game the Badgers play against Ohio State this year.In the teams’ first meeting, the Badgers were able to defeat the Buckeyes 55-50 at the Kohl Center. It ended up being a physical match between Landry and the Ohio State’s big men Dallas Lauderdale and B.J. Mullens.“They always have a guy in the middle and they have a tough team,” Landry said. “So, no blood, no foul.”Also against the Buckeyes, despite giving up 23 points to Evan Turner, the Badgers were able to keep Jon Diebler, who is third in the conference in three-point field goal percentage and second in three-point baskets made, to just two points thanks to UW guard Jason Bohannon.“I was just trying to get in his face and not let him get a clean shot off,” Bohannon said. “You know, he got a couple shots, but I’m just trying to make him not feel comfortable out there. You know, that’s the big thing. Anytime they are a shooter and you can make them uncomfortable, it’s going to be a tough night for them.”For both the Badgers and the Buckeyes, their play in their opening-round game and in the tournament could be a deciding factor not only in their seeding for the NCAA tournament but also if they make the Big Dance at all. But, Wisconsin assistant coach Gary Close said this is the time of year all the teams want to be making a push to make the tournament.“I thought they played well when they played here and I would expect the exact same thing,” Close said of the Buckeyes. “They’re playing very good basketball right now and they are talented. I think every team wants to be playing well. This is the time of year you want to be playing well so you can go as far as you can go.”With both the Badgers and the Buckeyes making the push to make the tournament, so are at least six other teams in the conference. While teams like No.1 seed Michigan State and No. 2 seed Illinois may have a lock on spots once the tournament starts in two weeks, teams like Michigan, Penn State and even Northwestern are going to try to make their case to the selection committee to be in the field of 65 come next weekend.“Obviously, the tournament is wide open,” Close said. “The depth of the league has been talked about. Since I’ve been here, there are more teams that are capable of winning this tournament then there have ever been. It should make for a heck of a weekend.”Even though there is the temptation to look to the national tournament, or even the next round of the Big Ten tournament, where Wisconsin may have the chance to redeem itself against Michigan State, the coaching staff and upperclassmen realize how important it is to remain focused on the first game.“The only 40 minutes we have guaranteed are these 40,” Close said. “If we lose, we are done. Then, that tournament is done, so we have to wait around to see who we play next. So, let’s just focus on Ohio State and try to play the best game we have all year, then try to advance.”
Two-time Unified heavy weight champion, Anthony Joshua has questioned the credentials of Tyson Fury and says he hasn’t fought enough difficult matches to be called intimidating.Joshua and Fury are likely to face off next year in two blockbuster heavyweight showdowns after both sides agreed on the finances last month.He will next defend his IBF, WBA and WBO belts against Kubrat Pulev, while WBC champion Fury will fight Wilder again.But Joshua says Fury hasn’t been in the deep end long enough to be considered one of the generation’s best.“So what do people see in Fury that is so fearsome, intimidating, that he can’t be touched at the top level?“I take him as a serious challenger, of course. But resume? It’s taken him a long time to grow.“His fight with Wladimir Klitschko was his first real challenge and he overcame it, but it took him eight years to build his experience and confidence, he said in an interview with Sky sports.“Then he had two years out and fought Deontay Wilder.“He hasn’t been in the deep end for long enough to show me that he can swim there for a long time. You have to continually prove that you belong there. You don’t just come there once or twice.“For me as a fighter, that’s how you gain my respect.”
Two local heroes will have their well-deserved moment in the spotlight this week when the Garda Youth Awards are televised on RTE.Ruby Hurst (20) and Odhrán O’Neill (19) from Ballyshannon were awarded for saving the life of their classmate last year.The former Coláiste Cholmcille students acted quickly to perform CPR on their classmate and, thanks to their immediate efforts on that fateful day, the young person was given a chance to live. Ruby and Odhrán were both honoured with the Community Safety Award from An Garda Siochana and the Des Kenny Award from Irish Water Safety.The inaugural Garda Youth Awards took place on the 27th of April. They will now be televised on a Today Show Special on RTE One, this Tuesday 18th June at 7pm.Chief Collette Quinn with Award Winners Ruby Hurst and Odhran O Neill at the inaugural Garda National Youth AwardsThe awards saw 22 prizes presented to over 100 young people aged 13 – 21 in recognition of their contribution to making their communities better places to live.Odhrán and Ruby were nominated by Principal Jimmy Keogh of Coláiste Cholmcille and highly praised for their decision to sign on for the life-saving CPR course. Donegal’s Garda Youth Award winners to be featured in TV special was last modified: June 17th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Garda Youth Awards
THE 200th Letterkenny Parkrun took place on Saturday with another big crowd in attendance.The Parkrun has been running for the last four years now and has proved a huge hit.It is a free weekly 5km event for runners, taking place at 9.30am at the St Conals Hospital campus, taking in the Bernard McGlinchey Town Park. The Bishop of Raphoe, Alan McGuckian, SJ, is a regular participant and he was among the many who took part on Saturday in the latest landmark run.As always, participants were treated to refreshments afterwards in the Vestry Building. In the 200 runs so far, there have been an average of 70 runners per week. The biggest attendance saw 268 take part. Pictures by Danny Nee … Picture special: Big crowds for 200th staging of Letterkenny Parkrun was last modified: December 9th, 2019 by Chris McNultyShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)
Don’t miss out on the latest news and information. Duterte wants probe of SEA Games mess Center Marc Gasol also has a player option for next season, and guard Danny Green is a free agent.“I think they know what the effect of Kawhi’s decision is, but we’re really approaching it like we want to bring everybody back on this team,” Ujiri said. “That’s a priority for us.”Less urgent is a potential extension for forward Pascal Siakam, a runaway winner of the NBA’s Most Improved Player award. The parties plan to meet during the summer league.“Pascal has gotten to a place where he’s definitely a priority for us and it’s definitely going to be a conversation that we’ll have,” Ujiri said.Ujiri said little about his confrontation with a deputy following the Game 6 clincher. The deputy’s lawyer, David Mastagni, says his client is on medical leave with a concussion and jaw injury and is considering a lawsuit.Ujiri says his lawyers are updating him about the investigation.“I am confident about who I am as a person, my character and as a human being,” Ujiri said. “For now, I’ll just respect their process there and wait for the next steps.”Asked to address reports linking him to NBA job offers, Ujiri stresses that his family loves Toronto.“My kids are Canadians,” he said. “For me, the blessing is being wanted here and finding a place that makes you happy and finding challenges that really make you grow as a person.”As for celebrating the NBA title with political leaders, Ujiri says the team has yet to decide on a White House visit if invited. He adds that seeing Canada’s prime minister would be a “priority.” Toronto Raptors NBA basketball team president Masai Ujiri speaks to the media during an end-of-season press conference in Toronto, Tuesday, June 25, 2019. At left is the Larry O’Brien Trophy. (Nathan Denette/The Canadian Press via AP)TORONTO — Still absorbing the magnitude of his team’s accomplishment, Raptors President Masai Ujiri is confident Kawhi Leonard and the rest of Toronto’s core will reunite next season in a bid for another title.“We’re on to the next issue, which for us is coming back and being champions again,” Ujiri said Tuesday in his first news conference since Toronto won its first title nearly two weeks ago. “We want to experience this moment here again and again and again.”ADVERTISEMENT World dragon boat champs out to make waves in SEA Games Retaining Leonard is the most pressing issue. The two-time finals MVP is expected to opt out of the final year of his contract and become a free agent. Toronto can offer a five-year deal worth about $190 million — one year and some $50 million more than any other team.“I know what we’ve built here,” Ujiri said. “I’m confident, and you see how these things go.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSingapore latest to raise issue on SEA Games food, logisticsSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesUjiri stressed the main selling points of his pitch to Leonard: health, trust, success.“I said we have to be ourselves, and we were ourselves for the whole year,” Ujiri said. “I think he saw that. I think we built a trust there. Cayetano: Senate, Drilon to be blamed for SEA Games mess POC chief on SEA Games hosting glitches: ‘It’s normal’ NBA: Kawhi, George seek more for Clippers than beating Lakers PLAY LIST 01:48NBA: Kawhi, George seek more for Clippers than beating Lakers03:12Kevin Durant out with Achilles injury; to undergo MRI on Tuesday01:08Huge Toronto crowd celebrates Raptors’ historic win02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Ujiri did have one regret Tuesday — not bringing the Larry O’Brien Trophy with him. But minutes before the news conference ended, the golden trophy arrived and was placed on the table next to him. Ujiri carried it out as he left.Sports Related Videospowered by AdSparcRead Next LATEST STORIES Urgent reply from Philippine football chief PH beach spikers also eye spots to Continental Cup Private companies step in to help SEA Games hosting Panelo: Duterte ‘angry’ with SEA Games hosting hassles Breakdancing takes step closer to Olympic debut in Paris MOST READ “I believe winning a championship, him seeing who we are, working with his medical staff combined with our medical staff and getting him to where he wanted to be,” Ujiri added.Injured for all but nine games in his final season with San Antonio, Leonard played 60 games this season and another 24 in the playoffs. After averaging career bests of 26.6 points and 7.3 rebounds in the regular season, Leonard raised his averages to 30.5 and 9.1 in the playoffs.Ujiri says he and Leonard have had multiple talks the past several days, discussions he called “positive.”The Raptors will stay in touch and meet formally once free agency begins Sunday. After that, Ujiri is not worried about how long Leonard takes to decide.“I texted Kawhi last night, I talked to his uncle this morning,” Ujiri said. “For us, there’s that trust regardless of wherever it goes, and there’ll be constant communication.”ADVERTISEMENT View comments
zoomImage Courtesy: MISC Group MISC Group, a provider of energy-related maritime solutions and services, closed 2018 with 12.8% lower revenue year over year. The group’s revenue dropped to MYR 8,780.3 million (USD 2155.47 million) in 2018 from MYR 10,068.2 million reported a year earlier.As explained, all segments recorded lower revenue excluding heavy engineering following higher revenue from ongoing projects in the current year.LNG segment experienced a reduced number of operating vessels following the expiry of a charter contract in June 2017 and suspension of a charter contract due to geopolitical situation in the current year together with lower charter rate following contact renewal of an LNG carrier in October 2017.What is more, offshore segment’s decrease in revenue is due to lower construction revenue for FSO Benchamas 2 in the current year as well as a recognition of one time gain for GumusutKakap Semi-Floating Production System (L) Limited (GK) variation works.Group operating profit for the year ended December 31, 2018 was MYR 1,466.3 million, a decrease of 45.8% from the operating profit of MYR 2,705.1 million seen in 2017.According to MISC, the decrease was mainly impacted by lower revenue. In addition, higher bunker costs incurred in the petroleum segment and close-out of completed projects in the prior year and insufficient contribution to absorb fixed overheads in the current year in the heavy engineering segment have further dampened current year’s overall operating profit.Moreover, the group’s profit before tax of MYR 1,344.1 million was lower than the corresponding year’s profit before tax of MYR 2,003.5 million, caused by the drop in the operating profit.“Volatile market conditions continue to affect the players in the industry on a global scale. In the face of this challenging market, MISC has proven its strength and capability in securing investment growth of more than USD900 million. Our financial stability is further affirmed when we recorded strong credit ratings in the maritime sector with Moody’s Investors Service, affirming a Baa2 issuer rating and S&P Global Ratings affirming a BBB+ long-term corporate credit rating,” Yee Yang Chien, MISC’s President/Group Chief Executive Officer, said.“We believe that business and operational performance go hand in hand for us to consistently provide better energy related maritime solutions and services,” he added.As of December 31, 2018, MISC Group’s fleet consists of more than 120 owned and in-chartered LNG, petroleum and product vessels, 15 floating production systems (FPS) as well as two LNG floating storage units (FSUs). The fleet has a combined dwt capacity of approximately 16 million tons.
New Delhi: A 33-year-old man stabbed his wife to death and chopped her body after he suspected her of having an affair.Police said that after murdering his wife, the accused came to the police station and claimed to have killed his wife. Investigators revealed that he dumped pieces of her body in a septic tank. Police identified the accused as Aashu. The man later surrendered at the Prem Nagar police station and said he killed his wife as he suspected she was having an affair, the police said. Also Read – Odd-Even: CM seeks transport dept’s views on exemption to women, two wheelers, CNG vehicles”He came in the morning around 11-12 pm and claimed that he had killed his wife on Saturday night. Without wasting any time the staff started questioning the accused,” police said. Meanwhile, the police team also started searching the septic tank in which the accused claimed to have thrown her body pieces. After the continuous search of more than five to six hours, all the body pieces were recovered. Investigators said that the accused was suspecting illicit affair of his wife. Also Read – More good air days in Delhi due to Centre’s steps: JavadekarReports were coming out that after killing his wife he also informed his relatives about the murder. The Delhi Police senior officer said that they are investigating the following fact. Investigators are probing the fact whether before the incident the accused had any fight with his wife and in a fit of rage, he killed her. “Different angles being probed in the case. There will be more clarity after the investigation is completed,” an officer said. Further police said that accused worked at a computer repair shop in Mayapuri and lived with his wife and children at Prem Nagar. “A case has been registered and we are further investigating the matter,” Deputy Commissioner of Police (Rohini) S D Mishra said adding that search is going on to recover the weapon of offence which was knife.
Mumbai: The now-suspended managing director of the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC), Joy Thomas, has reportedly admitted to the RBI that the bank’s actual exposure to the bankrupt HDIL is over Rs 6,500 crore — four times the regulatory cap or a whopping 73 per cent of its entire assets of Rs 8,880 crore. The admission came in after a board member leaked the actual balancesheet details to the Reserve Bank, a source in know of the details said. Also Read – Commercial vehicle sales to remain subdued in current fiscal: IcraThe slum redevelopment focused Housing Development and Infrastructure or HDIL is in the bankruptcy court now after being hit by a severe cash crunch following the failure of some of its key projects in the city. While HDIL did not reply to a detailed e-mail sent by PTI on the issue, the bank, its chairman Waryam Singh and Joy Thomas could not be reached for comments immediately. The source said that non-disclosure of the actual HDIL status (NPA since the past two-three years) and the quantum of the exposure to the group was leaked by one of the PMC board members himself to the Reserve Bank, forcing Joy Thomas to confess the misreporting. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 daysAccording to the source, Thomas wrote a four-and-a-half page detailed letter to the regulator giving details of how he, along with six key people who include a few board members, including chairman Waryam Singh and one or two senior bank officials, were sanctioning loans to the HDIL Group. The source further said Thomas has also confessed that most of the board members were in the dark about these loans. Waryam Singh was on the board of HDIL for nine years between 2006 and 2015 and had held 1.91 per cent stake in the company during this period. He ceased to be a non-executive director of the company in March 2015. Before he exited the HDIL board, Singh had sold his entire stake in the company. “The whistleblower board member approached the regulator and provided information about financial irregularities and the real estate company’s loans not being classified as non-performing loans from last two-three years, despite defaults on repayments,” the source said. “This forced Thomas to go the RBI. In a four-and-a-half page letter, he confessed the wrongdoings and evergreening of some other key accounts,” he added. The loans were sanctioned to the realty developer since 2008, the source said. “Thomas in the letter admitted that the exposure to HDIL Group was over Rs 6,500 crore, which is nearly 73 per cent of its total loan book of Rs 8,880 crore as of September 19, 2019,” the source said. As per regulations, single entity exposure limit for banks is 15 per cent of their capital fund. For group companies, the exposure limit is 20 per cent. Thus, PMC’s exposure to HDIL is almost four-times of what RBI mandates. Thomas, in a press conference last week, had said the bank’s exposure to HDIL and its related entities was to the tune of Rs 2,500 crore and that there was delay in repayments by the group since the last two-three years. In the confession letter, Thomas also put the actual NPA number at 60-70 per cent as against a reported net NPA of 2.19 per cent as of March 31, 2019, the source said. Though the RBI is still inspecting the bank’s balancesheet, if the NPA numbers turn out to be as per Thomas’ confession, it will be the highest in the banking industry so far. On September 19, Thomas met RBI Executive Director Rabi Mishra and sought time to resolve the issue, citing HDIL was in advanced stages of selling some of its real estate assets. The money from the asset sale could have helped HDIL repay at least the interest part and make its account with PMC standard, Thomas had informed the RBI. The regulator sent the inspection team to the bank’s headquarters in suburban Mumbai on the evening of September 19 itself. During the inspection, RBI found major financial irregularities, under-reporting of exposure and failure of internal controls and systems. On September 23 evening, the RBI had put a slew of restrictions on the bank for six months. The restrictions included curbs on fresh lending, accepting fresh deposits and investments, among others. The withdrawal limit for account holders was also kept at Rs 1,000 for six months, which was later raised to Rs 10,000. The regulator also dismissed the board and suspended Thomas. It appointed J B Bhoria as the administrator at the bank.