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first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA in June issued one prohibition order, prohibiting an individual previously associated with a credit union from any future participation in the affairs of a federally-insured financial institution.Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Details from last month’s prohibition order follow:Paul Aimone, a former employee of Midwest Carpenters & Millwrights in Hobart, Ind., agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against him. continue reading »last_img


first_imgHowever, yesterday’s reverse auction, which targeted the 7-15 year maturity band, did not face the same problems.The bank said it received offers to sell around £5.5bn of the bonds sought, and did purchase its targeted £1.17bn of securities.Commentators said the shortfall on Tuesday showed pension funds were short of these long-dated bonds, with one adding that investors were likely to offer at lower yields in subsequent auctions, having seen the lack of sellers.Toby Nangle, head of multi-asset allocation for the EMEA at Columbia Threadneedle Investments, said: “We anticipate that the failure to buy the full amount of Gilts required in future auctions will not be repeated on account of insufficient offers.“Given the news that [Tuesday’s] reverse auction went uncovered, active investors are likely to submit offers at yields well below market levels, perhaps even below 0%.”The Bank of England has said it will incorporate the £52m shortfall from Tuesday’s uncovered operation into the second half of its current six-month purchase programme.Details of these purchases will be announced on 3 November, it said.Nangle said that, by his calculations, there is not enough UK interest rate duration to let defined benefit (DB) pension funds match their actuarially estimated liabilities with fixed income assets, in spite of regulatory incentives to so do.“Put another way, pension funds are collectively short long-dated Gilts and, in re-initiating its QE programme, the bank has found itself delivering a short-squeeze – the effect of which is to increase pension fund deficits further,” he said.The Bank of England’s assertion in its recent inflation report that DB pension schemes would be able to maintain current levels of contributions despite fluctuations in deficits looks likely to be tested, he said.Shilen Shah, bond strategist at Investec Wealth & Investment, said Tuesday’s auction highlighted the fact that a number of investors at the long end of the curve are largely price insensitive and potentially unwilling to sell their Gilt holdings.“Given the narrow investment mandate of many liability-driven investors,” Shah said, “the alternative investment options to long-dated Gilts for these investors is very limited.” The Bank of England saw strong participation in yesterday’s government bond-buying spree as part of its quantitative easing (QE) programme, but Tuesday’s failure by the bank to meet its long-bond buying target could lead to negative yield offers from investors in future operations.The UK central bank’s reverse auction yesterday met with offers to sell medium-dated Gilts outstripping demand by almost five to one, after Tuesday’s long-bond reverse auction had been partly stymied by pension funds unwilling to sell.The bank announced last week that it aims to buy £60bn (€70bn) in UK government debt in the next six months as part of measures to boost the country’s economy.But on Tuesday, the bank failed to reach its £1.17bn target in its first attempt to buy Gilts, aiming for bonds with maturities of 15 years or more, with the operation failing to draw enough sellers.last_img read more


first_imgA memorial service will be held on Saturday, April 15, 2017 at 11:00 a.m. at St. Thomas Lutheran Church, Brookville.  Burial will be in Maple Grove Cemetery.  Memorial donations can be made to the Franklin County Cancer Assistance Now (FC CAN) at P.O. Box 74, Brookville, IN 47012 or to the Trinity Lutheran Church.  The staff of Cook Rosenberger Funeral Home is honored to care for the family of Lester Oehlmann. Lester W. Oehlmann of Westlake, Ohio, was born October 21, 1939 in Brookville, Indiana, the son of Wilbur and Lydia Minnemann Oehlmann.  After graduating from Brookville High School in 1957, he enlisted in the United States Navy and spent four years aboard the aircraft carrier, USS Franklin D. Roosevelt.  He married Anna Marie Lewis in September 1961, and she survives.  Lester attended the University of Jacksonville and the University of Florida, graduating with a degree in electrical engineering.  He went on to work for DuPont Washington Works in Parkersburg, West Virginia.  Lester retired as Senior Technical Engineer from DuPont in 1996, after 30 years of employment.  On January 2, 2017, at the age of 77, he passed away. Those surviving who will cherish his memory include his wife, Anna Marie Oehlmann; three children, Shelley (Robert) Bobrowski of Colleyville, TX, Leila (Parry) Daiuto of Westlake, OH, and Bradley (Amy) Oehlmann of Bluffton, SC; a sister, Dorothy (William) Roleson of Brookville; 8 grandchildren and 2 great-grandchildren.  He was preceded in death by his parents.last_img read more


first_imgKenneth Leventhal, a USC life trustee and namesake of the USC Elaine and Kenneth Leventhal School of Accounting, died Tuesday morning in Los Angeles. He was 90.Though Leventhal graduated with a bachelor of science in business administration and accounting from UCLA, he dedicated much of his professional life to USC. After becoming a certified public accountant in 1948, Leventhal taught accounting part-time at USC.Leventhal served on the Board of Trustees since 1977. His tenure as a trustee spanned stints on the executive, finance, development, audit and personnel committees. He was also chairman emeritus of the Ernst & Young Kenneth Leventhal Real Estate Group and a driving force in two of USC’s fundraising campaigns.In addition to participating on the donor financial planning committee for USC’s $309 million Toward Century II fundraising campaign, Leventhal spearheaded the Building on Excellence campaign in 1993.Leventhal and his wife Elaine’s $15-million naming gift to the Leventhal School of Accounting, as part of the campaign, was the largest given to an accounting program at that time.He received the Presidential Medallion in 2004 for his service to the university and the honorary doctor of humane letters degree in 2000.“He was a gifted businessman, as well as a passionate Trojan. … His legacy is both extraordinary and assured, having enriched the lives of everyone at USC,” President C. L. Max Nikias said in a statement.Leventhal is survived by his wife of 63 years, Elaine; his brother Henley; his son Ross and daughter-in-law Mary Jo; his son Robert; and his one granddaughter, Emma.last_img read more


first_img LIVE TV Written By WATCH US LIVE Suman Ray 2008 Olympic bronze medalist Vijender Singh has strongly backed the International Olympic Council and World Anti Doping Agency’s decision on Monday to ban Russia for four years for repeated doping offences committed in the last few years. FOLLOW US Last Updated: 11th December, 2019 00:08 IST Vijender Lauds IOC Decision To Ban Russia From Tokyo Olympics For Dope Offences Vijender Singh has strongly backed the International Olympic Council and World Anti Doping Agency’s decision on Monday to ban Russia for four years “Yes, I think its the correct decision. There is no place for doping in Sports and I think IOC & WADA have taken the right decision. Russia has been in the news for all the wrong reasons,” Vijender told newspersons in the national capital on Tuesday. center_img Session ID: 2020-09-09:9cf20f92d47e18bf59589e3a Player Element ID: video_player_5f57c0d8ef09b OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen Video Player is loading.Play VideoPlayMuteCurrent Time 0:00Loaded: 0%Duration 0:00Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio TrackQuality LevelsFullscreenThis is a modal window. This video is restricted from playing on your current domain Error Code: PLAYER_ERR_DOMAIN_RESTRICTED Vijender also took a pot shot at National Anti Doping Agency for appointing its brand ambassador against doping.  “Yes Sportspersons like Sushil could have been a better choice but why the need for an ambassador I fail to understand. I have heard of IOA and Federations Ambassadors, not of NADA. But Suniel Shetty is a fit a person for the job.” Vijender also said that he would be keen to make himself available for Tokyo Games as under the new rules, professional boxers were now allowed to compete in the Olympics.READ: Mayank Agarwal likely to replace injured Shikhar Dhawan in ODIs vs West IndiesREAD: Vijender Singh delighted with his 12-0 streak, thanks fans for support First Published: 11th December, 2019 00:08 IST SUBSCRIBE TO US COMMENTlast_img read more


first_imgSupermarket retail organisation Tesco has partnered with three UK health charities in order to develop a new workplace health programme for its 300,000 UK employees.Its ‘Little helps for healthier living’ partnership, which launched on 9 January 2018, will see Tesco liaise with the British Heart Foundation, Cancer Research UK, and Diabetes UK. The partnership has been designed to help the organisation understand what more it needs to do to support employees with their overall health and how it can remove the barriers to healthy habits.The five-year partnership will include research projects and policy development, which will aid in the creation of a new workplace health programme that will be rolled out to all employees in the UK. The partnership will aim to encourage and support sustainable, measurable changes in behaviour using a series of activities and campaigns targeted at reducing the risk of heart and circulatory disease, cancer and type two diabetes.This year, the focus on workplace health follows on from a series of four month-long campaigns that Tesco ran in 2017, around the pillars of nutrition, healthy body, and healthy mind. As part of these campaigns, Tesco has provided its UK employees with 10.5 million pieces of free fruit, 310,000 water bottles and snack boxes, health-based pay day deals and discounts, free health checks, and 7,000 blood pressure and diabetes checks. In 2017, the organisation also ran 950 mental health awareness workshops and had more than 7,000 employees completing online Mindapple courses, which trains employees on stress management, how to maintain concentration, develop innovation, and increase motivation.Dave Lewis, Tesco’s chief executive officer, personally communicated the new partnership to staff via an email and the organisation also shared videos highlighting details from its last health-related event.The partnership will include aligning Tesco’s communications campaigns with national health campaigns, training Tesco pharmacists to better support customers in the prevention and management of heart and circulatory disease, cancer and type two diabetes, sharing anonymised sales information to help develop insight on health policy and public health programmes, and fundraising for more health research.Lewis said: “I’m really excited by what we’re announcing. This is a unique partnership, which will bring together the skills and expertise of the UK’s leading health charities and the UK’s leading food retailer to help tackle the biggest health challenges facing the nation.“Together with the British Heart Foundation, Cancer Research UK, and Diabetes UK, we want to help people take small steps on their own terms to develop healthier habits. It’s about unlocking the energy, expertise and reach of our different organisations to develop little helps that make healthy differences across the whole country.”last_img read more