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Founded in 2008, by Money Gap Limited in London under the brand name CashLady. [3] CashLady was acquired by Digitonomy Limited around 2020 and continued to operate under the new owner as CashLady. The original founding company, Money Gap Limited went into insolvency on the 8 September 2020 and was dissolved on 9 March 2022. [4]
First National Bank Tanzania (FNBT), is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania , the national banking regulator. [ 1 ] It is a subsidiary of South Africa-based FirstRand Group .
The Great Recession also caused a drop of 36% in median household wealth, but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%. [ 16 ] [ 15 ] [ 17 ] According to PolitiFact and other sources, in 2011, the 400 wealthiest Americans had more wealth than half of all Americans combined.
A report this morning in the New York Times dives into the widening financial gap between white and Black Americans exacerbated by the coronavirus pandemic, and what Biden's American Jobs Plan is...
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
Earlier this year, Women's World Banking analyzed financial algorithms that determine credit scores and bank loans to discover potential biases toward woman and disadvantages that could cost women...
In 1999, the First National Bank was mentioned in the 'Ciex Report' that summarised a two-year long investigation into the theft of R26 billion from the state during the apartheid era. The investigators claimed that FNB unlawfully received hundreds of millions of Rands from the SARB. The money was disguised as 'lifeboats' for covering bad loans.
Using statistical regressions, they found that human capital, region, and marital status account for 55 percent of the wage gap difference. An additional 20 percent of the wage gap was attributed to differences in occupational distributions between blacks and whites. Thus, 25 percent of the wage gap was unaccounted for by their model. [20]