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☆ I inherited my dad's house at 33 after he died unexpectedly. The guilt and embarrassment of suddenly having money was painful.
▼ + stars: | 2023-10-28 | by ( Gary Nunn | ) www.businessinsider.com time to read: +7 min

My sister and I inherited his house and sold it to put deposits down on our own apartments. We knew we'd inherit the house and his possessions; he'd told us we were the only people in his will. We had two weeks to put our dad's house on the market, clear out 40 years of memories, and decide what to do with all his possessions. AdvertisementAdvertisementIt took me a long time to accept the inheritanceI was almost embarrassed by suddenly having money. AdvertisementAdvertisementThe money didn't feel like mine and neither, to a certain extent, did the flat.

Persons: —, Dad, he'd, everything's, We'd, We've, hadn't, should've, I'd, I'm, sharer, I've, wouldn't, didn't Organizations: Service Locations: Australia

The U.S. Capitol is seen at sunrise as Republican House members will today continue their search to find a House speaker following the ouster of Kevin McCarthy, in Washington, U.S., October 13, 2023. The House of Representatives has drifted leaderless for 12 days since eight of its 221 Republicans ousted Speaker Kevin McCarthy. Some House Republicans voiced frustration and anger that they have gone so long without being able to choose a leader. Our adversaries are watching what we do and ... quite frankly, they like it," said Republican House Foreign Affairs Committee Chairman Michael McCaul. Former President Trump, the frontrunner for the 2024 Republican nomination, has at times been a cheerleader for the chaos.

Persons: Kevin McCarthy, Kevin Lamarque, Donald Trump's, Israel, hardliner Jim Jordan, Joe Biden, Michael McCaul, McCaul, Trump, Zach Nunn, Nunn, Pete Aguilar, Tommy Tuberville, Tuberville, Vladimir Putin, Elizabeth Hoffman, William Hoagland, Congress doesn't, Scott Perry, Richard Cowan, Patricia Zengerle, Scott Malone, Cynthia Osterman Organizations: U.S, Capitol, Republican, REUTERS, Rights, U.S ., Hamas, Republicans, Democratic, House, Republican House Foreign, Reuters, Israel, Democrats, House Democratic, Pentagon, Center for Strategic & International Studies, Center, Congress, Caucus, Thomson Locations: Washington , U.S, East, Ukraine, Washington, Middle, Israel, Gaza, Iowa, Des Moines

“We are in uncharted waters, but it’s also very clear that we do not want to have a speaker pro tem who is leading policy. “That's the goal,” McHenry said earlier Thursday when asked if he would put a vote for speaker on the House floor. House Republicans are gridlocked with no end in sight, a war is escalating in Israel and Palestine and the U.S. government is ticking closer to a shutdown. McHenry was named to the role of speaker pro tempore by McCarthy as part of a process established in the aftermath of the Sept. 11, 2001, terrorist attacks. It's an argument that may catch on in the House as lawmakers grow restless with their inability to act.

Persons: Patrick McHenry, gavel, Kevin McCarthy, McHenry, it’s, That’s, ”, Zach Nunn, Steve Scalise, Marc Molinaro, “, ” McHenry, McCarthy, Israel —, Michael McCaul, shouldn't, David Joyce, Joyce, Jim McGovern, Josh Chafetz, Scalise, Jen Kiggans, Kevin Freking, Farnoush Amiri, Lisa Mascaro Organizations: WASHINGTON, North Carolina Republican, Republicans, U.S, Republican, House Foreign Relations, Israel, GOP, Ohio Republican, Capitol, Georgetown Law School, Virginia Republican, Associated Press Locations: McHenry, Iowa, Israel, Palestine, Virginia

☆ U.S. Lawmakers Discuss Constituents Trapped Overseas, Hostages
▼ + stars: | 2023-10-11 | by ( ) www.wsj.com time to read: 1 min

House lawmakers leaving a closed-door briefing with Biden administration officials on Israel and Gaza discussed how to identify the number of Americans trapped overseas--and how to get them out. Rep. Zach Nunn (R., Iowa) said that two families from his district were trapped in Israel now. “The concern here is not only are there no flights, U.S. flights, coming out of Tel Aviv, there's still an active conflict zone. So where do these individuals seek shelter? And we're looking at the United States State Department to take point on that.”

Persons: Zach Nunn, ” Organizations: Biden, United States State Department Locations: Israel, Gaza, , Iowa, U.S, Tel Aviv, there's

NatWest lifer Rose climbed up the ranks over more than three decades from graduate trainee to boardroom, becoming the first woman to run one of Britain's major banks. "You can be a hero one day, a zero the next, as Alison Rose has found out." Davies lamented the "sad moment" while Rose paid tribute to colleagues who had helped her build solid foundations for the bank, in a statement accompanying the news. RBS TO NATWESTRose succeeded Ross McEwan as CEO of NatWest in 2019, becoming the lender's first female boss. But under Rose's supervision, the bank became one of Britain's biggest participants in government-designed loan schemes to keep ailing businesses afloat.

Persons: Alison Rose, Nigel Farage, NatWest lifer Rose, Coutts, Rishi Sunak, Rupert Younger, Rose, Howard Davies, Rose's, Davies, Charlie Nunn, Farage, impinging, NATWEST Rose, Ross McEwan, McEwan, Stephen Hester, Fred Goodwin, Lawrence White, Conor Humphries Organizations: NatWest's, Brexit Party, NatWest, Oxford University's, Lloyds Banking Group, Britain's, RBS, NATWEST, Royal Bank of Scotland, Thomson Locations: Europe, Westminster, Britain

LONDON, July 26 (Reuters) - Lloyds Banking Group (LLOY.L) reported a higher charge for troubled loans and missed first-half profit expectations as Britain's economic chills weighed on its finances and upped pressure on management to do more to help struggling savers. Lloyds shares fell 5% in early trading against a flat FTSE 100 index (.FTSE). Lloyds shares fell 5% in early trading on Wednesday, against a flat FTSE 100 index (.FTSE). The bank said it expected this to fall more slowly than previously forecast, dipping to 3.10% this year instead of 3.05%. ($1 = 0.7754 pounds)Reporting by Iain Withers and Lawrence White; editing by Sinead Cruise and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Zoe Gillespie, we’ve, Fran Boait, Charlie Nunn, Nunn, Alison Rose, Nigel Farage, Coutts, Iain Withers, Lawrence White, Sinead Cruise, Jason Neely Organizations: Lloyds Banking Group, Lloyds, . Banking, JPMorgan, Bank of, RBC Brewin Dolphin, NatWest, Thomson

☆ How a dysfunctional mission in the Caribbean became 'the pivotal point' for the creation of US Special Operations Command
▼ + stars: | 2023-06-27 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +9 min

Those problems helped spur the creation of US Special Operations Command several years later. According to Maj. Gen. Richard Scholtes, the first commander of Joint Special Operations Command, US military officers involved in the planning soon butted heads. A task force of Delta Force operators, Rangers, and helicopters from the elite 160th Special Operations Aviation Regiment also attacked Fort Rupert and Richmond Hill Prison. Bettmann/Getty Images"The Pentagon was waging a frontal and rear assault in opposition to the creation of a special operations command," William Cohen said in the mid-2000s, according to Kukielski's article. Stavros Atlamazoglou is a defense journalist specializing in special operations, a Hellenic Army veteran (national service with the 575th Marine Battalion and Army HQ), and a Johns Hopkins University graduate.

Persons: —, Peter Carrette, Eagle, JSOC, Reagan, Richard Scholtes, butted, jean, Louis Atlan, Scholtes, Philip Kukielski, frogmen, Fort, Paul Scoon, Bettmann, Formally, William Cohen, Cohen, Nunn, Eric BOUVET, SOCOM, Chance, Stavros Atlamazoglou Organizations: Operations Command, Service, Fury, Pentagon, Delta Force, Soviet Union, Getty, US Atlantic Command, Atlantic Command, US Marine Corps, CIA, State Department, Team, Air Commando, US Defense, Rangers, 2nd Ranger, Porto Salines, Marines, 160th Special Operations Aviation Regiment, Radio Free, US, Dover Air Force Base, Special Warfare, Craft, 160th, American, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: Grenada, Caribbean, Tehran, Cuba, Soviet, Richmond, Porto, Fort Rupert, Rupert, Radio Free Grenada, Grenada's, Point Salinas, Scholtes, Beirut, Grenada —, Persian, Johns

☆ How Elizabeth Holmes convinced powerful men like Henry Kissinger, James Mattis, and George Shultz to sit on the board of Theranos
▼ + stars: | 2023-06-02 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +6 min

The reporters spoke with board members, who explained why they backed founder Elizabeth Holmes. Holmes' board going into the scandal included an unusual roster of names for a healthcare startup, with leaders who had more experience in politics and government than healthcare. For the most part, the board members seemed to be taken by Holmes and her vision. "Secretary Mattis was struck by the promise of technology and was looking for any technology solution to save lives on the battlefield," White said. Auletta in the documentary said the board members spoke about Holmes as if she were a visionary.

Persons: Theranos, Alex Gibney, Elizabeth Holmes, Holmes, John Carreyrou, Sunny Balwani, Balwani, George Shultz, Shultz, Gary Roughead, William Perry, Sam Nunn, James Mattis, Donald Trump's, Richard Kovacevich, Wells Fargo Henry Kissinger, William Frist, William H, Foege, Riley, Bechtel, Kissinger, Mattis, Ken Auletta, David Boies, Auletta, Axios, Dana White, White, Beethoven, Roger Parloff, he's, Parloff Organizations: Morning, Food and Drug Administration, Wall Street, US, US Marine Corps, Centers for Disease Control, Bechtel Group Inc, New, Mattis, Theranos, Securities and Exchange Commission, Fortune Locations: Texas, California, Silicon Valley

WASHINGTON, April 26 (Reuters) - A Republican bill that would raise the U.S. government's $31.4 trillion and slash spending took a step forward in the House of Representatives on Wednesday, after party leaders agreed to last-minute changes in the face of opposition. House Speaker Kevin McCarthy allowed overnight changes to the bill aimed at assuaging Midwestern Republican concerns about biofuel tax credits and conceding to hardliners' calls to toughen work requirements for some low-income Americans. McCarthy told reporters on Wednesday that the House would vote later in the day. Other Republican critics including hardline House Freedom Caucus Chairman Scott Perry and Representative Nancy Mace said they had dropped their opposition to the bill. House Republicans are offering to increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first.

WASHINGTON, April 26 (Reuters) - Republican U.S. House Speaker Kevin McCarthy said lawmakers would vote on Wednesday on a bill to raise the $31.4 trillion federal debt ceiling and slash spending, despite lingering dissension within their ranks over the measure. Another critic of the bill, hardline House Freedom Caucus Chairman Scott Perry, said he and other conservatives who had held out for changes to work requirements were ready to move forward. Representative Kevin Hern, chairman of the 175-member Republican Study Committee, welcomed the changes, which he said most Republicans would support. Bending to the far-right wing of the party, Republicans also accelerated some new, tougher work requirements for receiving Medicaid healthcare benefits for the poor. House Republicans are offering to increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first.

☆ Premarket stocks: The FDIC could ask big banks to clean up $23 billion mess
▼ + stars: | 2023-03-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

While regional and mid-sized banks are behind the recent turmoil, it appears that large banks may be footing the bill. Ultimately, that means higher fees for bank customers and lower rates on their savings accounts. The law also gives the FDIC the authority to decide which banks shoulder the brunt of that assessment fee. Passing it on: Regardless of who’s charged, the fees will eventually get passed on to bank customers in the end, said Isaac. In 2021, Wall Street was estimated to be responsible for 16% of all economic activity in the city.

☆ NCAA Tournament roundup: Fairleigh Dickinson makes history against Purdue
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +7 min

Kobe Johnson supplied 13 points, nine rebounds and four assists, while the Trojans' usual leading scorer, Boogie Ellis, was held to six points. Vermont (23-11) was led by Robin Duncan, Dylan Penn and Matt Veretto who each scored 11 points. Jamarius Burton added 11 points and Greg Elliott had 10, as the Panthers advanced to face No. Jordan Hawkins chipped in 13 points, Donovan Clingan posted 12 and Andre Jackson Jr. supplied 10. Adrian Baldwin Jr. paced the Rams (27-8) with 13 points on 6-of-11 shooting.

"This is part of the process of the knob being turned to tighten financial conditions to make sure that we are on our way to normalising a higher interest rate world," Pick said. Shockwaves from the collapse of SVB put fresh pressure on bank stocks across Asia and Europe on Tuesday as worries about potential contagion to other lenders deepened. Morgan Stanley's Pick said the events of the last week may give the Federal Reserve pause for thought on its own rate plans. He was speaking ahead of closely-watched U.S. inflation data later in the day. Analysts at Goldman Sachs said in a note on Monday that U.S. banking stresses could spread directly to European banks.

LONDON, March 14 (Reuters) - British banks are not yet seeing a "flight to quality" in deposits among customers nervous about the safe-keeping of their money following the collapse of U.S. lender Silicon Valley Bank last week, Lloyds chief executive Charlie Nunn said on Tuesday. Shockwaves from the collapse of Silicon Valley Bank further pounded bank stocks across Asia and Europe on Tuesday as worries about potential contagion to other lenders deepened. Major U.S. banks including JPMorgan (JPM.N) and Citigroup (C.N) have seen a wave of customers applying to shift their accounts to larger lenders, the Financial Times reported on Tuesday. "We haven't seen what we've seen in the U.S., which is the flight to quality," Nunn said. "But let's see how that plays out and we'll see how people feel over the next period of time."

Lloyds set aside 1.5 billion pounds in 2022 to cover potential loan distress, a year after releasing 1.4 billion pounds of provisions as the economy rebounded from COVID-19. The bank reported pre-tax profit of 6.9 billion pounds ($8.4 billion) for 2022, unchanged on the previous year and in line with analyst forecasts it had compiled. It plans to pay a 1.6 pence per share final dividend and a share buyback of up to 2 billion pounds, taking total shareholder returns for 2022 up to 3.6 billion pounds. Expenses also rose 6% to 8.8 billion, partly due to rising wage bills as Lloyds boosted its staff bonus pool by 12% to 446 million pounds. Lloyds also said it had bought Tusker, a vehicle leasing company that provides electric vehicles via salary sacrifice schemes, for 300 million pounds.

☆ NBA roundup: Bucks take advantage of undermanned Celtics
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +4 min

The Celtics played without four starters: Jayson Tatum (illness), Jaylen Brown (facial fracture), Marcus Smart (ankle) and Al Horford (knee). Deandre Ayton provided the Suns with 29 points and a team-high 11 rebounds, while Chris Paul had 17 points to complement a season-high 19 assists. Kristaps Porzingis contributed 28 points, 12 rebounds and five assists, while Bradley Beal scored 19 points and Kendrick Nunn added 10 for Washington. Scottie Barnes added 17 points, and Precious Achiuwa amassed 11 points and 13 rebounds. Wendell Carter Jr. scored 26 points for the Magic, who have alternated wins and losses for the past six games.

☆ I find peoples' lost jewelry on beaches for a living. I have a 90% success rate, and most searches take me under 2 hours.
▼ + stars: | 2023-02-13 | by ( Gary Nunn | ) www.businessinsider.com time to read: +6 min

Michael Oliver would hunt for lost metal as a hobby while working as a forklift driver. I called my business Lost Jewelry Recovery rather than naming it as a metal-detecting service, because jewelry is the main thing clients call me to recover. The equipment tells me exactly where to dig and how far downSometimes I find lost jewelry in five minutes or less. There are heaps of lost rings: engagement rings, wedding rings, family heirlooms, 21 st-birthday rings, grandma's ring — the lot. Reunions are often emotionalSometimes curious beachgoers who've watched the nail-biting search burst into spontaneous applause when I find the lost item.

☆ NatWest CEO to face UK lawmakers on savings rates after U-turn
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 2 (Reuters) - NatWest (NWG.L) CEO Alison Rose will face a grilling by British lawmakers next Tuesday over whether lenders are passing on enough of central bank interest rate rises to consumers, after initially saying she was too busy to attend. "Following further discussions with the Treasury Committee on the vital issues at hand, Alison Rose will be attending next week's Committee hearing," a spokesperson for NatWest said. Lloyds boss Charlie Nunn and executives from Barclays and HSBC are also set to attend the hearing held by the powerful Treasury Select Committee next week. NatWest had initially said its retail bank boss David Lindberg was an appropriate boss to represent the bank at the hearing. Reporting by Iain Withers; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ NBA roundup: Damian Lillard scores 60, moves up 3-pointer list
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +7 min

Jerami Grant added 19 points and Anfernee Simons had 16 points and nine assists, which won its second game in a row. 76ers 137, Nets 133Tyrese Maxey scored 27 points, Joel Embiid added 26 points and 10 rebounds and host Philadelphia defeated Brooklyn. Rui Hachimura scored 12 points in his Lakers debut after he was acquired in a trade with the Washington Wizards on Monday. Pat Connaughton had 19 points and 12 rebounds and Khris Middleton added 10 points for the Bucks. Mathurin went for a game-high 26 points, but Banchero's Magic came out on top thanks to a strong start.

☆ UK house prices to fall 8-10% this year, Lloyds CEO says
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK house prices to fall 8-10% this year, Lloyds CEO saysCharlie Nunn, CEO of Lloyds Banking Group, discusses the outlook for the U.K. economy and the impact of the cost-of-living crisis.

☆ UK house prices to fall by up to 10% this year, Lloyds Bank CEO says
▼ + stars: | 2023-01-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. LONDON — U.K. house prices will fall by up to 10% this year, as higher mortgage rates and the broader cost of living crisis curtail home buying, Lloyds Bank CEO Charlie Nunn told CNBC on Tuesday. The U.K. property sector remained sluggish in recent months, as the Bank of England continued to hike interest rates aggressively in order to reel in double-digit inflation. Inflation hit 10.7% in November, and the Bank has hiked rates at nine consecutive policy meetings to lift its main rate from 0.1% to 3.5%. A report from British property website Rightmove on Monday showed asking prices for homes rising slightly in January for the first time in two months.

☆ NBA roundup: Hornets come out firing, blow out Bucks
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +7 min

Tyrese Maxey led the Sixers with 26 points and Tobias Harris had 22 points and 11 rebounds. Romeo Langford added 15 points for San Antonio, with Malaki Branham hitting for 14 and Jeremy Sochan 10. Daniel Gafford had 15 points and nine rebounds, and Kristaps Porzingas added 14 points and 10 rebounds. John Wall had 14 points and eight assists, and Moses Brown produced 14 points and 11 rebounds. Bam Adebayo recorded 21 points and 11 rebounds and Jimmy Butler added 20 points and six assists for the Heat.

Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million in bitcoin as collateral. Knitowski and thousands of other loan holders had more than $812 million in collateral locked on the platform, and bankruptcy records show Celsius failed to return collateral to borrowers even after they repaid their loans. Adler said he's representing a group of 75 borrowers who have approximately $100 million in digital assets on Celsius' platform. In the crypto world, a borrower can ask for a loan and pledge bitcoin as collateral. The crypto platform also failed to provide borrowers with a complete federal Truth in Lending Act (TILA) disclosure, according to former employees and an email sent to customers on July 4.

LONDON, Nov 29 (Reuters) - Britain will change its rulebook to allow banks to take more risks in order to keep the City of London a leading global financial centre, a government minister said on Tuesday. Next week the EU will set out a new law to force banks in the bloc to shift some of their euro derivatives clearing from London to Frankfurt. "The overall thrust of things is to allow more risk... You get reward from taking risks, you shouldn't be risk off, we just need to manage that in an appropriate way," Griffith told a Financial Times event. "There is nervousness about the UK overall," Nunn said, referring to the period of political instability and concern over the nation's finances. Alison Harding-Jones, head of EMEA M&A at US bank Citi, told the event that Britain remained a strong place and open for business.

Rep. Cindy Axne ran against Republican Zach Nunn in Iowa's 3rd Congressional District. Democratic Rep. Cindy Axne lost her bid for reelection against Republican state Sen. Zach Nunn in Iowa's 3rd Congressional District. 2022 General EmbedsIowa's 3rd Congressional District candidatesAxne is a member of the Committees on Financial Services and Agriculture. Voting history for Iowa's 3rd Congressional DistrictIowa's 3rd Congressional District is located in the southwestern region of the state. The National Republican Congressional Committee and Congressional Leadership Fund, a pro-Nunn super PAC, account for the majority of that spending.

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