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Billionaire pandemic profits could fund 2/3 of Biden's relief plan: data

Biden has signed his $1.9 trillion stimulus plan into law. Two-thirds of this could be funded by billionaires' pandemic profits, the ATF and IPS said. ....

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How the Richest Person in Each State Made Their Fortune

How the Richest Person in Each State Made Their Fortune
By
Paul Feinstein, Stacker News
On 3/11/21 at 6:30 PM EST
Phillip Faraone / Getty Images for WIRED25
Whether it s a hedge-fund billionaire, tech giant, industrial titan, or someone simply born into the right family, the wealthiest people in every state each have their own stories. In today s political climate, the super-rich have plenty of influence over our political process, from lobbying members of the government and contributing to presidential bids to running ad campaigns in favor of specific causes.
To figure out who s on top of each state s rich list, Forbes tracks groups of billionaires (or centimillionaires in states with no billionaires) and updates their findings annually. Stacker analyzed this data to compile a list of the uber-wealthy and then broke down how each person earned their fortune. This list accounts for individuals wealth as of June 26, 2019, but keep in mind the tides of fo ....

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Bundy billionaire clan's $40m land buying spree

The Greensills have snapped up more than $40m of land in the Bundaberg region over the last five years as they expanded their agricultural operations into one of the biggest in the state.
The acquisitions have allowed the Greensills to expand their broadacre production of sweet potatoes, peanuts and cane to gain lucrative supply contracts with national food brands including Coles, Bega and Edgell.
But there are worrying signs the operations could be collateral damage in the fall out from the Greensill Capital collapse, with signs the farms are under some financial pressure. Greensill Capital was worth an estimated $7bn before it collapsed and entered voluntary administration on Tuesday morning. ....

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MONETA Money Bank : Czech firm PPF to boost MONETA Money Bank stake to 28.36% with offer

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PRAGUE (Reuters) - Czech billionaire Petr Kellner s PPF Group said on Thursday it would boost its stake in MONETA Money Bank to 28.36% following a voluntary offer, part of a two-step attempt to gain control of the lender.
PPF s Tanemo subsidiary will acquire a 27.73% stake via the tender, short of the maximum offer of up to 29% of shares.
PPF is also in talks to fold some of its smaller lenders into MONETA in exchange for shares, which would give it a majority stake in the country s sixth-largest bank.
Shares in MONETA closed on Wednesday at 79.20 crowns - just below the 80 crown offer price - putting the bank s market capitalisation at 40.5 billion crowns ($1.84 billion). ....

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Big banks reduce debt, report high profits despite tough 2020

Big banks reduce debt, report high profits despite tough 2020
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10/03/2021

07:00
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Bank shares, which saw prices increasing sharply in the last year thanks to banks good business performance and prospects, have become the pillar of the stock market.
JP Morgan recently noted that Vietnam’s bank shares are the most attractive in ASEAN.
The Sai Gon – Hanoi Joint Stock Bank (SHB) s 2020 financial report showed that SHB shares saw one of the sharpest price increases in 2020, with a profitability rate of 218 percent.
In the stock market, SHB shares are traded at around VND16,000 per share. SHB smarket capitalization value is VND27.7 trillion. ....

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