admin 
The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. But with inflation pressures still elevated and with concern that President-elect Donald Trump’s policies could fuel inflation, the Fed indicated Wednesday that it’s likely to cut … Read more
By Siddhi Nayak MUMBAI (Reuters) – Indian banks’ financial position has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday. Banks’ gross non-performing assets ratio (NPA), or the proportion of bad assets to total loans, … Read more
Open this photo in gallery: A closed boutique business displays a sign in Toronto on April 16, 2020.Nathan Denette/The Canadian Press The federal government wrote off or forgave more than $18-billion in debt and other obligations last year, a sharp increase over the $5.7-billion approved the year before. Of the $18-billion, $10.2-billion was forgiven because … Read more
What’s going on here? Indian banks and non-bank finance companies (NBFCs) are basking in the glow of improved profitability and asset quality as bad loans plummet to a 13-year low. What does this mean? India’s financial sector is thriving under stricter regulations and solid risk management. With the gross non-performing assets (NPA) ratio down to … Read more
What is a federal tax credit? Know how it works before filing. What is a federal tax credit? Here’s how it works and what makes it different from a tax deduction. Tax season is nearly upon us, and all the forms involved can seemingly blur together. But there are ways to make the process a little less … Read more
Russian interest rates on deposits and loans have risen faster than its central bank’s key rate. A central-bank official said lending might have slowed too quickly in the battle to lower inflation. Russia’s central bank has kept its interest rate at 21% to avoid excessive cooling in its economy. Russia’s central bank has been hiking … Read more
The U.S. Department of Education on Thursday is scheduled to formally post notices with the Federal Register about withdrawing its most recent plans to deliver so-called student loan forgiveness. The notices were first informally posted on Dec. 20, the same day that President Joe Biden announced student debt cancellation for an additional 55,000 public service … Read more
Victoria, Seychelles, December 25th, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web3 platform, has announced upgrades to its Institutional Loans (Spot) service, reinforcing its commitment to providing efficient and robust trading solutions for institutional users and market makers. Bitget Institutional Loans offer tailored financial solutions with 3x and 5x leverage for spot trading, addressing … Read more
The House of Representatives could vote on a bill that would place responsibility on colleges for unpaid student loans. The College Cost Reduction Act, which was introduced in January, could get a vote before a new Congress is sworn in, according to Inside Higher Ed. According to the outlet, the bill would require colleges to … Read more
As the New Year looms, there’s a new low in home equity lending. The $30,000 HELOC (home equity line of credit) plunged nine basis points to 8.43 percent—rates we haven’t seen in about a year and a half, according to Bankrate’s national survey of lenders. In contrast to HELOCs’ significant drop, the average $30,000 home … Read more