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banking

Provident Financial Services Announces Earnings Release & Conference Call

by Priya Shah – Business Editor October 1, 2025

written by Priya Shah – Business Editor

Provident financial Services, Inc. too Host Third Quarter 2025 Earnings Conference ⁣Call

Provident Financial Services, Inc., ⁢the holding company ‌for Provident Bank, will discuss it’s third quarter 2025 financial results during a conference call on ⁣October 30, 2025. ⁢The call begins at 10:00 a.m. (ET) and will be‍ accessible via ⁣live webcast and telephone.

This earnings call provides investors and stakeholders with critical⁤ insight into the performance of Provident Financial services, Inc., a financial institution with $24.5 billion in⁣ assets as of June 30, 2025. The discussion will cover key financial metrics, strategic⁢ initiatives, and the company’s outlook for the remainder of the year, impacting shareholder value ⁤and market perception.

Dial-in Data:

* ⁤ US & Canada Toll Free: 1(800) 770-2030
* US Toll: 1(609) 800-9909
* Canada Toll: 1(647) 362-9199
* ‍ International Toll: +1(646) 960-0134
* Conference ID: 3610756

A webcast of the call will be ⁤available at https://www.globenewswire.com/tracker?data=tCmyydKlfuwpVD8JtfNfF23Aqc1YGMgO4n9plOcT6wG9n-KoM6mDT4UF0Ph2_dCtXbusKrmkfESHmBdIqfw3C0FUWTyYRup8Q2Bl9fP0tqU= ⁢ under the “Investor Relations” and “Webcast” sections of www.Provident.Bank.

A replay⁣ of the call will⁤ be available from 3:00 p.m.(ET) on October 30, ‌2025,⁢ until 11:59 p.m. (ET) on November 13, 2025, using the Playback ID: 3610756‌ followed by the # key. The ‌call ‍will also be archived on‍ the Company’s ‌website ⁤for one year.

Provident Bank operates a network of branches in New Jersey,eastern Pennsylvania,and Orange,Queens,and Nassau Counties,New York.⁤ Subsidiaries include Beacon Trust Company, providing fiduciary and wealth management services, and Provident ‍Protection Plus, Inc., offering insurance services.

Contact:

Investor Relations
1-732-590-9300
http://www.Provident.Bank

October 1, 2025 0 comments

World

FirstBank Distributor Awards & Forum 2025

by Lucas Fernandez – World Editor September 30, 2025

written by Lucas Fernandez – World Editor

FirstBank Celebrates Key Distributors, Reinforces Partnership Commitment

FirstBank recently hosted its ‍annual Key Distributor Forum,⁤ an event dedicated to recognizing and rewarding its ⁣network of distributors across Fast-Moving Consumer Goods (FMCG), cement, and telecoms sectors. Teh forum underscored the bank’s commitment to viewing distributors not merely as ‍customers, but as vital partners within a broader financial ecosystem.

According to FirstBank’s Chief ⁢Executive Officer, Segun⁣ Alebiosu, the forum is a core component of the bank’s customer engagement and relationship management strategy. He emphasized the crucial role distributors play in supporting both FirstBank and its end⁤ customers, stating, “They‍ are key to our business.” Alebiosu highlighted the ⁤bank’s dedication to supporting the growth of both the FMCG principals it works with and the distributors who purchase ⁤from them.

The event ⁣centered around the Key Distributorship Finance product, designed to address the working capital needs⁣ of distributors of FirstBank-approved⁤ FMCG companies, facilitating their expansion⁤ and⁤ scalability.

Mobolade⁢ Ojeahere,Group Head of‍ Transaction Banking⁢ Division,stressed the importance‌ of collaborative relationships for long-term growth. He assured distributors of FirstBank’s ongoing commitment to service improvement and expanded support to foster business success. Ojeahere affirmed‌ the bank’s belief⁣ in the value of distributor feedback and its dedication to⁣ providing solutions that drive growth.

FirstBank also ⁣used the forum to ⁤launch the Firstmonie merchant wallet solution,⁣ a new offering designed to streamline distributor‍ operations. This solution provides features such as inventory and cash management, alongside⁤ other value-added services.

The ⁣highlight of the‌ event was the presentation of awards recognizing outstanding performance across several categories.

Award Recipients Included:

* Non-Borrowing Distributors: platinum ‌- Mrs. Bolarinwa Adetoun; Diamond – Opeyemi Baking industry limited;‍ Gold – Rukbom ⁢Oluwakemi Nig ⁣Company; Silver -‌ Nicebom Investment Limited; Bronze – Felicia Modupeoluwa Trading Company Limited.
* FMCG⁤ Distributors: Laurel ⁤Electrical Company, Demiller Farms, Abikka trading⁢ Company limited, Mut-keem Concept, and Rollmak Global ‍Concepts.
* Cement Distributors: ⁢ Transgeneration Enterprises,‍ Ibukunoluwa Trading stores, Okeoma Happiness,⁣ Whumyte ⁤Global Ventures, and⁤ Temitope Oil Nigeria⁢ Limited.
*‌ Award-Loyal Distributors: Vicmond ‌Ade ‌Enterprises, Tito Trading‌ Stores, Glad Global concept Limited, Oyinbashy B Nigeria limited, and Mosebolatan according to Onionia Limited.
* Telecoms Distributors: Gold – Demmy Global Resource Limited; Silver – Stratford Communications‌ Limited; Bronze – Awake Interlinks Nigeria Limited.

FirstBank stated that the annual forum demonstrates‌ its dedication to rewarding excellence, strengthening⁣ partnerships, and promoting sustainable business practices‍ nationwide. By ⁣recognizing top⁢ performers, the bank ⁤aims to deepen stakeholder‍ relationships, bolster ‍its retail lending ‌platform, and contribute to inclusive economic growth within the⁣ country.

September 30, 2025 0 comments

Technology

Title: Salesforce Concerns Rise Amidst Reader Feedback and Market Trends

by Rachel Kim – Technology Editor September 24, 2025

written by Rachel Kim – Technology Editor

Market Complacency flashes Warning Signs as ⁤Wealth Gap‍ Widens, Analyst Says

NEW‍ YORK, September 24, 2025 ‌-‌ Concerns are mounting⁣ over increasing complacency in the bond market alongside a continued concentration of wealth in the United‍ States,‌ according to⁣ a note circulated today by Whitney Tilson, founder of Stansberry Research. The observations ⁤come as small-cap stocks present a‌ potential value opportunity and Tilson⁢ prepares⁢ to participate in a charity poker tournament in New York City.

Tilson highlighted further analysis regarding Salesforce (CRM), receiving input from two additional readers who concur with his assessment that the stock is overvalued. He ⁣previously shared ⁢his skepticism about Salesforce’s valuation in a recent dispatch.

The note also points to a growing disparity in wealth distribution within the U.S., citing data indicating the wealthiest 1% now control a historically high percentage ⁣of the nation’s wealth. This trend, Tilson suggests, contributes to broader economic instability.

On the equity side, Tilson notes small-cap stocks‌ are currently⁤ trading at a discount relative ‌to large-cap stocks, potentially signaling a buying opportunity. He⁢ didn’t specify exact valuation metrics but implied the discrepancy warrants investor attention.

Adding‌ to the cautionary tone, Tilson flagged tightening credit spreads as a key warning sign. Investment Grade credit spreads are currently at 0.74%, their tightest level since 1998, while high Yield credit spreads are near their tightest ‌level since 2007 at⁣ 2.69%. Both are roughly half their past averages, indicating excessive risk-taking in the bond market.

Tilson announced his participation in the 15th annual Take ⁣’Em to School ⁤Poker Tournament benefiting Education Reform Now, a nonprofit organization he ‍co-founded. the event will be held tommorow, Thursday, September 25th, at 6 p.m. at Gotham Hall, 1356‌ Broadway in New York City. Cocktail tickets are available for $250⁢ at the door or online⁣ at https://takeemtoschool.org/. Poker tickets are sold out, though a⁣ waitlist is available via mailto:events@takeemtoschool.org.

September 24, 2025 0 comments

Technology

Mobile Banking Trojan Attacks Surge: Security Measures Intensify

by Rachel Kim – Technology Editor September 20, 2025

written by Rachel Kim – Technology Editor

Summary of the Article: Mobile Payment Security – Trends & threats

This article discusses the ⁣increasing importance⁢ of security in mobile payments, ⁢driven by growing threats and⁤ a rapidly expanding market.Here’s a breakdown of the key points:

Key Trends & Technologies:

* Tokenization: Replacing sensitive card data wiht digital tokens ‌to render stolen data useless. The market is projected to reach €42 billion by 2025 and tokenized transactions are expected to double by 2029.
* Biometric Authentication: Now standard on ⁤over 80% of smartphones, securing ⁢over €2.5 trillion in mobile payments by 2025.
* Artificial Intelligence ‍(AI): ⁣ Used for real-time fraud detection by ‌analyzing user ⁤behavior and ⁣identifying anomalies. This is becoming a crucial “arms race” against increasingly refined cyberattacks.
* Adaptive Multifactor Authentication: Future security measures will‌ likely adapt to perceived risk levels, offering more dynamic security.

Market ⁣Growth & Regulation:

* Market Size: The mobile payment security market is booming, projected to reach €12.5 billion⁣ by 2029.
* Increased Regulation: ⁤ governments (US & EU) are implementing stricter regulations to oversee digital payment apps and‌ protect consumer‌ financial data, forcing companies to⁣ invest‍ in security.

Ongoing Challenges:

* Evolving Threats: Cybercriminals are increasingly leveraging AI to create more sophisticated and personalized phishing attacks.
* Need for Collaboration: Effective security requires a collaborative effort between financial institutions, tech companies,⁢ regulators, and informed consumers.

Promotional Element:

The article ⁣repeatedly⁣ promotes a free Android security guide from ⁣ computerwissen-online.com, offering practical steps to ⁣improve smartphone security for banking and ⁤shopping⁢ apps. It emphasizes‌ securing permissions, 2FA, and using trusted apps.

In essence, the article paints a picture of a dynamic landscape where‍ security is constantly evolving to keep pace with ⁣increasingly⁢ sophisticated threats in the mobile ⁢payment ‍world.

September 20, 2025 0 comments

World

Brazil’s Pix Investigation: A Battle Over Digital Sovereignty

by Lucas Fernandez – World Editor September 17, 2025

written by Lucas Fernandez – World Editor

Summary of the Article: The Geopolitics of Digital payments – The Pix Case

this article centers on the US examination into Brazil’s Pix digital payment system and its broader implications for the future of global finance and digital sovereignty. Here’s a breakdown of the key points:

1. The Core Conflict:

* Brazil’s Pix: A successful, state-led digital payment system designed for financial inclusion and efficiency.
* US Concerns: The US views pix as potentially protectionist, fearing it excludes foreign firms (like Visa and Mastercard) and sets a dangerous precedent for state-controlled digital infrastructure. They worry it’s “UnionPay 2.0” – a system designed to favor domestic players.

2. the WTO implications:

* Crucial Precedent: How the WTO handles the Pix case is critical.
* If Brazil successfully defends Pix as a public service,it could legitimize state-built digital platforms globally,challenging customary trade law.
* If the US frames Pix as anti-competitive, it could push for new WTO rules restricting such systems.

3. A Global Trend:

* Rise of Public Platforms: Brazil isn’t alone. India (UPI), indonesia (BI-FAST), the EU (TIPS), and the US (FedNow) are all developing government-led digital payment infrastructure. Policymakers see payments as too critically important to be left solely to private companies.

4. Finding a Balance:

* Inclusion vs.Competition: The article argues the goal shouldn’t be either/or, but finding a way to achieve both.
* India’s UPI as a Model: UPI offers a potential solution: government-provided infrastructure (“rails”) with a competitive, open front-end where private companies (Google Pay, PhonePe, Paytm) compete for users.
* “Pix 2.0” Proposal: A two-tiered system for Brazil – a basic, free tier for global access and a premium tier for banks and fintechs to offer competitive services.

5. Geopolitical Stakes & future Challenges:

* Future of Global Finance: The Pix case is a test for how the world will govern digital infrastructure.
* Digital Currencies: the debate will intensify with the growth of Central Bank Digital currencies (CBDCs) like China’s e-CNY and the EU’s digital euro.
* WTO’s limitations: The WTO’s existing rules are outdated and ill-equipped to deal with these new digital challenges. unilateral action risks fragmenting global finance.

6. Conclusion:

* Pix represents a clash between digital sovereignty and open markets.
* The decisions made regarding Pix will have far-reaching consequences, shaping who controls economic power in the digital age and potentially leading to a fragmented global financial system (“walled gardens”).

In essence, the article highlights a growing tension between national efforts to build inclusive digital financial systems and the traditional principles of free trade and open markets, with the Pix case serving as a pivotal moment in this evolving landscape.

September 17, 2025 0 comments

Business

Trump’s Attempt to Remove Fed Governor Lisa Cook Fails

by Priya Shah – Business Editor September 16, 2025

written by Priya Shah – Business Editor

Trump Management Suffers Setback as Appeals Court Blocks Removal of Federal Reserve Governor Lisa Cook

WASHINGTON – In a notable defeat for the Trump administration, the U.S. Court of Appeals has temporarily blocked the effort too remove Federal reserve Governor Lisa Cook from her position. The ruling, issued by a 2-1 majority, allows Cook to continue serving while the courts deliberate on the legality of Trump’s attempt to oust her based on allegations of mortgage fraud.

The decision represents a key win for Cook and a potential check on the administration’s pressure campaign to lower interest rates. The Federal Reserve operates with a degree of independence from the executive branch to ensure stable monetary policy, and attempts to directly influence it’s leadership raise concerns about political interference. This case underscores the ongoing tension between presidential authority and the independence of financial regulatory bodies.

The administration had argued Cook’s appointment was invalid due to alleged financial discrepancies. Though, the appeals court determined there was sufficient legal basis to allow her to remain in her role pending a full review of the claims.

Despite this setback,the Senate narrowly confirmed Christopher Miran,President Trump’s choice for a seat on the federal Reserve Board,by a vote of 48-47. Miran’s confirmation grants him the ability to participate in this week’s Federal Open Market Committee meeting, where crucial decisions regarding monetary policy will be made. His presence could shift the balance of opinion within the committee, perhaps aligning it more closely with the administration’s preference for lower interest rates.

September 16, 2025 0 comments

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