Post By : 2024-06-28T22:59

Top U.S. banks hike dividends after sailing through Fed's stress test

NEW YORK, - U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve's annual health check. JPMorgan Chase (JPM.N), opens new tab, the largest U.S. lender, hiked its dividend to $1.25 a share from $1.15, according to a filing. Its board also authorized $30 billion in new share buybacks, effective July 1. Bank of America's (BAC.N), opens new t

Post By : 2024-06-28T15:15

Austrian regulators fine Raiffeisen for money laundering lapses

Austrian regulators fined Raiffeisen Bank International (RBIV.VI), opens new tab for lapses in its money laundering controls, the country's Financial Market Authority said on Friday, imposing a record fine of just over 2 million euros ($2.1 million). The penalty, the biggest ever to be awarded by regulators in Austria, was handed out after failings were found in RBI's money laundering and terror financing checks on two banks it was dealing with, the regulators said, without naming the ba

Post By : 2024-06-28T12:18

Russia's VTB bank says US sanctions have complicated cross-border transactions

U.S. sanctions imposed on Moscow this month have complicated the foreign trade operations of Russian banks, but they are gradually adapting to the new realities, the finance director of VTB (VTBR.MM), opens new tab, Russia's second-largest lender, said on Friday. On June 12, the U.S. imposed Ukraine-related sanctions on the Moscow Exchange (MOEX.MM), opens new tab, which stopped trading in currency pairs with the dollar and euro. The sanctions package also targeted China-based companies sell

Post By : 2024-06-28T07:00

World Bank Approves $1.25 Billion Loans for the Philippines

The World Bank said on Saturday its board of executive directors has approved $1.25 billion in loans for the Philippines' education and public infrastructure sectors. In a statement, the World Bank said it will extend a $500 million loan for a Philippine project aiming to repair disaster-hit schools in provinces and improve their capacity to operate even after being battered by natural disasters. The World Bank also approved a $750 million loan to support reforms that increase investment in

Post By : 2024-06-28T06:01

What Happens If You Have A Low Credit Score? How To Increase A Credit Score Quickly? credit-score

A credit score is like a report card for your money. It’s a number that shows how good you are at borrowing and repaying money. Let’s learn how to increase a credit score quickly. Imagine a credit score as a grade for your money-handling skills. It’s a number ranging from 300 to 850; the higher the number, the better you’re doing. Think of it as earning an “A+” in managing your finances. Whether they’re individuals or companies lending you money, lenders

Post By : 2024-06-21T15:46

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American lenders. The Federal Reserve and the Federal Deposit Insurance Corp. said the so-called living wills — plans for unwinding huge institutions in the event of distress or failure — of Citigroup , JPMorgan Chase , Goldman Sachs and Bank of America  filed in 2023 were inadequate. Regulators found fault with the way each of the banks planned to unwind their

Post By : 2024-06-20T06:05

How to Keep Emotional Spending in Check

Do you consider yourself as an emotional spender? Emotions play a much larger role in how you manage money than you may have ever guessed. In fact, emotions play a major role in all of the choices we make. Fear, sadness, joy, excitement, and every emotion in between can push us towards certain actions and away from others. It’s especially noticeable in personal finance, where many people find themselves making damaging spending choices in response to negative emotions. Breaking away from e

Post By : 2024-06-12T12:18

How to Work with Your Creditors When You Can't Make a Payment

When your income suddenly decreases or disappears completely, the question quickly becomes what do you do about all those bills you're supposed to be paying? If you find yourself without the means to pay your bills, it's a good idea to be proactive and communicate with each of your creditors. It's understandable if you'd rather not talk to your creditors at all (after all, you can't pay them and that's what they're going to want to talk about), but explaining your sit

Post By : 2024-06-06T10:07:41

Crypto-Mining Company: My-Pocketway Addresses Customer Debts Amidst Market Volatility

In a surprising move amidst ongoing market volatility, My-Pocketway, a leading cryptocurrency mining company, has issued a statement to its customers addressing outstanding debts. The company, known for its extensive mining operations and customer-focused services, seeks to clarify its financial expectations as the cryptocurrency market continues to fluctuate. In an official release, My-Pocketway reassured its clients of their commitment to maintaining transparency and accountability. "We u

Post By : 2024-04-06T05:20

How a Reverse Mortgage Works

A reverse mortgage can be a tremendous help to seniors looking for additional income during their retirement years. But there are drawbacks, and the concept itself is somewhat complicated. As the baby boomer generation continues to ease into retirement, it’s very likely that the demand for reverse mortgages will only increase. For those approaching retirement and considering their financial outlook, the following information can help you decide if a reverse mortgage is right for you. What

Post By : 2023-07-02T05:25

Guaranteed Home Equity Loan For Bad Credit

In today’s financial landscape, having a less-than-ideal credit score can pose significant challenges when seeking loans or credit opportunities. However, individuals with bad credit who own a home have a potential lifeline to secure financing through a guaranteed home equity loan. These specialized loans allow homeowners to tap into the equity built into their property regardless of their credit history. A guaranteed home equity loan allows homeowners to leverage the value of their proper

Post By : 2023-06-03T18:06:17

Crypto-Mining Company; My Pocketway Unveils Innovative FundExpress Card for Seamless Withdrawals

In a groundbreaking move set to revolutionize the crypto-mining industry, My-Pocketway has announced the launch of its new FundExpress Card. This innovative withdrawal solution, available in sleek black and luxurious gold versions, promises to offer customers unparalleled convenience in accessing their profits. The FundExpress Card allows customers to withdraw cash directly from ATMs or use their funds for online payments, providing a seamless bridge between digital and traditional financial sys

Post By : 2023-05-11T08:12

The Definitive Guide to UK Inheritance Tax for Expats

Understanding the UK Inheritance Tax (IHT) system is crucial for expats, High Net Worth (HNW) individuals, UK property owners, non-domiciled individuals, and those married to non-domiciled spouses. This definitive blog post will cover the intricacies of UK IHT and serve as a useful resource for expats. 1. Decoding UK Inheritance Tax (IHT) UK Inheritance Tax (IHT) is a tax levied on the value of a deceased person’s estate, including property, possessions, and financial assets. The tax

Post By : 2020-03-27T15:06:27

My Pocketway: Crypto-Mining Company Defends Reputation Amid Payment Delays, Denies Scam Allegations

In response to growing concerns and allegations of fraudulent activities, leading crypto-mining company My PocketWay has issued a statement asserting that it is not a scam. The company acknowledged recent delays in payment but attributed them to operational challenges rather than malicious intent. Over the past few weeks, numerous customers have expressed frustration over delayed payments and have raised concerns about the legitimacy of My PocketWay’s operations. These concerns have fueled