INDIANAPOLIS - Student-athletes at IUPUI recently returned to the classroom from postseason conference basketball tournaments to learn something from Regions. Namely, financial education.
This kind of outreach isnt new for Regions. The bank has taught financial education to student-athletes at schools in the Southeastern Conference through its position as the official bank of the SEC. Former Kentucky and NBA basketball star Antoine Walker recently met with athletes at Alabama and Vanderbilt to talk about the perils of money mismanagement. Walker also spoke at the Magic City Classic Team Luncheon featuring Alabama State and Alabama AM and, prior to the SEC mens basketball tournament, at Tennessee State, enriching Regions commitment to HBCUs.
For the IUPUI Jaguars, this was unchartered territory.
IUPUI is elated to partner with Regions Bank to assist our student-athletes in understanding financial planning, said IUPUI Athletic Director Mike Moore. This is a very important component in preparing them for life after college athletics. Regions has been a phenomenal partner in this endeavor, and if this first year of the partnership is indicative of things to come, this will position our student-athletes to be leaders within the community.
Regions established a relationship with IUPUI last fall as the schools exclusive financial education partner. In addition to traditional sponsorship benefits, including scorers table and video board signage plus program ads, Regions negotiated to teach financial education to the Jags student-athletes. Eight Regions associates met to teach approximately 150 Jags athletes Banking Basics. One night later, the classes continued with Understanding Credit for freshmen and sophomores and Protecting Yourself from Identity Theft for juniors and seniors.
I volunteered for this project because I wanted to get out in the community and get involved in our Regions at Work program, said Kimberly Harrell of the Park Fletcher Branch in Indianapolis. I enjoyed the reactions from the students the most, especially when I could see they were getting information they hadnt thought about before, and that it may impact their financial choices.
This partnership with IUPUI aligns well with Regions financial education platform, and mirrors work in other areas of the footprint where Regions has deeper roots and, perhaps, a bigger name. By teaming with IUPUI, Regions is making inroads both as a brand and as a bank working to make life better for students.
Regions Bank is providing great guidance regarding the importance of wealth creation, identity theft and credit management, Mike Moore added. We are excited to see what the future holds as the partnership develops over time.- See more here
NEW YORK (TheStreet) -- Seven years after the financial crisis, a key monthly indicator is signaling that many companies are facing another credit crunch.
The monthly Credit Managers Index, or CMI, is not on most investors radars, but the index shows that credit rejections rose sharply in February and March. That worries the Maryland-based National Association of Credit Management that does the surveys.
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Hong Kongs Hutchison Whampoa has launched a new business to help companies become multinational mobile virtual network operators (MVNOs) using its networks in Europe and Asia.
The announcement follows reports earlier this month that web giant Google (Nasdaq: GOOG) has been in talks with Hutchison Whampoa Ltd. (Hong Kong: 0013; Pink Sheets: HUWHY) about forming such a multinational MVNO, offering low-cost services to US customers travelling overseas. (See Report: Google Planning Overseas Roaming Shake-Up.)
Hutchison said that Hue -- as its new venture is called -- would announce partnerships with a number of MVNOs during the next few months.
Hue appears to be one of the first examples of a global mobile virtual network enabler (MVNE), providing a single point of contact for organizations that want to launch mobile services across a number of geographical markets without building their own networks.
Typically, a company setting up an MVNO business would need to form a partnership with a network operator in each national territory -- and establish relationships with various other players in each of those markets -- making a multinational launch a costly and laborious process.
Hutchison thinks it can simplify matters by providing a single point of entry for prospective MVNOs eyeing up a number of markets.
The Hong Kong company has a broad network footprint, with networks in Austria, Australia, Denmark, Hong Kong, Indonesia, Italy, Ireland, Macau, Sri Lanka, Sweden, the UK and Vietnam. Should MVNO customers want to launch services elsewhere, it has promised to carry out negotiations with connectivity providers as part of the Hue service.
Hutchison says Hue will also offer services covering customer relationship management, billing and provisioning and act as an interface with third parties such as credit management agencies and logistics partners.
Todays mobile wholesale market is fragmented and new entrants to mobile are often challenged with needing to understand market nuances and regulations in different countries, said Jarrod Nink, Hues CEO, in a company statement.
Hue could hold particular appeal for large over-the-top players that remain unhappy about their dealings with big network operators. Companies such as Google (Nasdaq: GOOG) and Apple Inc. (Nasdaq: AAPL) might see an opportunity to lure customers away from the incumbents through service innovation and low-cost tariffs.
Indeed, its strategy of scrapping roaming charges for customers travelling abroad could make Hutchison an obvious choice for low-cost MVNOs. Earlier this month, Hutchisons 3 -branded UK business added further destinations to its roam-free Feel at Home service, meaning customers can now use mobile services at domestic rates in a total of 18 countries.
Hutchisons acquisition strategy could also support the development of Hue. The company is awaiting a regulatory decision on its £10.25 billion ($15.4 billion) takeover of Telefónica UK Ltd. (O2) and was last month reported to be in advanced talks about merging its Italian business with local rival Wind Telecomunicazioni SpA , currently owned by Russias VimpelCom Ltd. (NYSE: VIP). It has also recently completed takeovers in Austria and Italy. (See Telefónica Seals $15.2B O2 Sale to Hutchison and Hutchisons Wind of Change.)
Clearly, a bigger network footprint would make Hue even more attractive to MVNO partners.
Many of Hutchisons network rivals have been fiercely resistant to the market entry of more MVNOs given the impact of price-based competition on service revenues.
In several European markets, including Austria and Germany, regulators have ordered network operators to provide MVNO services in response to recent bouts of consolidation. Telekom Austria Group has said this poses additional risks for its business, while Deutsche Telekom AG (NYSE: DT) has accused authorities of strengthening MVNOs at the expense of network investors. (See Net Loss Prompts More Cuts at Telekom Austria.)
Hutchison did not respond to questions about the impact Hue might have on its own retail operations, although its European business has recently flourished.
Buoyed by takeover activity, the companys 3 Group Europe subsidiary -- which includes businesses in Austria, Denmark, Ireland, Italy, Sweden and the UK -- flagged a 23% increase in EBITDA last year, to HK$15.6 billion ($2 billion).
The M2M marketplace has already given rise to several global MVNEs, with US-based KORE Wireless Group Inc. and Wyless among the most prominent. Taking advantage of roaming agreements with various network operators, both players claim to offer a range of managed services for organizations providing M2M services in automotive, energy, healthcare and other vertical markets.
Iain Morris, , News Editor, Light Reading
JMP Group (NYSE:JMP) declared a monthly dividend on Tuesday, April 14th, American Banking and Market News reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.037 per share on Wednesday, July 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Friday, June 26th.
A number of research firms have recently commented on JMP. Analysts at Deutsche Bank reiterated a buy rating and set a $66.00 price target on shares of JMP Group in a research note on Thursday, March 19th. On the ratings front, analysts at TheStreet upgraded shares of JMP Group from a sell rating to a hold rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $20.73.
JMP Group (NYSE:JMP) traded up 2.10% during mid-day trading on Tuesday, hitting $7.77. 119,718 shares of the company’s stock traded hands. JMP Group has a 52 week low of $6.00 and a 52 week high of $8.85. The stock has a 50-day moving average of $7. and a 200-day moving average of $7.. The company has a market cap of $164.85 million and a price-to-earnings ratio of 13.70.
JMP Group (NYSE:JMP) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $54.10 million for the quarter. Analysts expect that JMP Group will post $0.85 EPS for the current fiscal year.
JMP Group Inc is a full-service investment banking, asset management and corporate credit management firm. The Company provides investment banking, sales and trading, and equity research services to corporate and institutional clients, and alternative asset management products and services to institutional investors and high-net-worth individuals.
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