Banking (Industry)

16+ hour, 46+ min ago   (234+ words) By December 2024, personal and household non-performing bank loans stood at Sh100.98 billion. Kenyans are becoming increasingly comfortable borrowing money they have not earned, while saving money they already have remains a struggle. Easy access to mobile loans, credit cards and other…...

10+ hour, 4+ min ago   (656+ words) TradingKey - As of September 17 Eastern Time, the average U.S. 30-year fixed mortgage rate rose to 6.95%, up 19 basis points from the prior week and just 5 basis points shy of 7%, compared with 6.26% in the same period last year. Rising mortgage rates continue to…...

10+ hour, 50+ min ago   (487+ words) The core of the plan is straightforward: shrink the bank’s cost base and squeeze more profitability out of every euro spent. Societe Generale is aiming to push its total cost base below €16.3 billion by 2029, a figure that represents roughly a…...

3+ day, 1+ hour ago   (1808+ words) As of Q2 2026, Americans have $1.26 trillion in credit card debt, according to the Federal Reserve Bank of New York. This makes a zero-interest introductory offer a potentially valuable tool for paying off card debt.Card issuers like Wells Fargo and Citi…...

2+ day, 20+ hour ago   (32+ words) FOX 9 Minneapolis-St. Paul With interest rates near 7%, realtor Wendy Uzelac explains the best practices if you're thinking about buying a home....

3+ day, 7+ hour ago   (914+ words) CDs aren't necessarily bad. They're just not a one-size-fits-all answer. When I was new to the working world, I had my savings account and my retirement accounts through work. Investing beyond a 401(k) seemed intimidating, but I knew I was supposed…...

5+ day, 58+ min ago   (1201+ words) As expected, the Federal Reserve raised the federal funds rate at its Sept. 16 meeting, moving the benchmark 25 basis points to a range of 3.75% to 4.00%. It's the first hike since July 2023, when the central bank increased by a quarter of a…...

4+ day, 1+ hour ago   (819+ words) The Federal Reserve raised its interest rate this week, marking its first rate hike in more than three years. The Fed’s target rate is now 3.75% to 4%. The central bank is trying to control inflation, which has stayed above its 2% target…...

4+ day, 2+ hour ago   (1090+ words) Yesterday’s subject line: “The Fed raised. Brazil cut, four hours later.” Peru’s largest bank has won state approval to buy a Miami lender whose borrowers mostly live abroad. The Federal Reserve has not yet acted. The BCP Helm Bank USA…...

4+ day, 7+ hour ago   (32+ words) Understanding fUSD, the private stablecoin built on Zano When people hear the word stablecoin, they usually think of a digital asset designed …...