Business

Lower Interest Rate Enable Banks to Earn More in Interest Income, Experts Says

Published

4 years ago

July 16, 2019

CEO of Los Angles based investment advisor Chantico Global said that the Federal Reserve Bank is hinting that it will lower short-term rates later this month, which is good news for banks. By lowering the interest rate, banks would do best in the current rising interest rate environment. In this case, banks would earn more in the interest income. Spread between short and long term rates is widening after compressing them earlier this year. And this is continued in the bank’s profit.

In mid-march of this year, rates were compressing. Last ten years’ rate was 2.63% while the last two-year rate is 2.46%. The spread is narrower for the seven and one-year rates. Since then the spread has widened. Long term rates are at a healthy place relative to short term rates. As of 12th July, profit on the ten-year treasury is 2.12% as compared to 1.84% of the last two years; there is a spread of 28 basis points.

As the Federal bank is signaling to widen the spread, approach for banks would increase more, and net interest income is expected to increase again. Finansis is a relatively cheap loan provider finance company, which provides a cheap loan with a low-interest rate. One can take a minimum of $550 and a maximum $64,000 loan amount from Finansis, without security with a flexible repay period of 15 years. It provides a comparison service where you can get suggestions from popular banks which are providing the lowest interest rate.

Business

Fitness Dating Brand, FITFCK, Expand Into Influencer Management

Published

3 days ago

November 27, 2023

Matthew Wiles

Fitness dating brand, FITFCK, recently announced the launch of their management company “FITFCK MGMT”. The company, which recently announced the launch of its £5m A Round investment raise is looking to expand on their brand growth by offering content creators of all niches and brands a full 360 lifestyle management service.

Rebranded in March 2022, the recently featured BBC News company has emerged as the leading brand for gym goers that are looking to make new connections – whether through IRL fitness dating events or online dating experiences. To accompany its strong digital product suite, FITFCK is now developing a series of consumer products to further enhance their brand power, with the most recent being a holistic management company for content creators and brands.

FITFCK Founder and UK Government Enterprise Advisor, Jamie says: “Having worked closely with content creators for the last eighteen months since our relaunch, this addition made nothing but complete sense to me. As a management service, you should be looking at improving all angles of your clients life – not just quick brand deals for a few quid. We are looking to offer a 360 lifestyle approach where we assist our clients with everything from their income, branding, business advisory, PR, legalities and more – all under the FITFCK brand umbrella.”

To continue its ruthless chase of becoming the largest omni-channel community for dating, relationships, casual meets and friendships, FITFCK will be looking to embed the management service into members of their ever growing community which already includes a number of high profile content creators.

The first creator to be signed under the label is Santino Valentino, a fitness content creator boasting over 70,000 followers across platforms. Valentino states; “I have known Jamie for a few months now and have felt nothing but constant support from himself and the rest of the FITFCK team. Having seen where they have taken the brand in such a short space of time, I am hoping they can do the same for me. I am really looking forward to seeing where we can take this whilst learning under Jamie and Callum simultaneously”

FITFCK MGMT athlete manager Callum Roberts added: “At the core of every FITFCK movement is the care we have for our community. This ethos is something that we will be looking to reflect in the management company. Hyper-focused care for our clients where they know they feel valued and at ease with us. We are not looking to just improve our client’s income, we are looking to improve their lifestyle”

If you are looking to work with FITFCK MGMT, you can contact the team at support@fitfck.co.uk for more information.