Latest Updates Around The World
The groups said the existing framework after the financial crisis was designed to strengthen banks’ resilience. But they argue that the mortgage market has changed significantly since then. Reforms such as the Ability-to-Repay and Qualified Mortgage rules now limit risky features such as negative amortization, option ARMs, interest-only loans, and mortgages without documentation. Banks’ participation […]
NEWYou can now listen to Fox News articles! FIRST ON FOX: “Trump Accounts” will work as a nationwide starter kit for financial literacy while serving as an antidote to rising anti-capitalist sentiment, according to the head of the Treasury Department, which regulates and supervises the nation’s banks. “Trump Accounts will be one of the most […]
India’s rapid digital expansion has not been accompanied by equally robust security and regulatory frameworks | Photo credit: PTI GRAPHICS To take so motu Following a complaint from an elderly couple and online fraud reported as “digital bust” across the country, the Supreme Court last month passed a series of orders to the CBI and […]
As Indian equity markets process multiple moving parts – from conglomerate restructuring to policy-driven sectoral shifts – investors are increasingly focused on where sustainable value creation can emerge over the medium to long term. In a conversation with ET Now, Deepak Shenoy, Founder & CEO of Capitalmind MF, offered a broad perspective on conglomerate monetization, […]
The ads come as Canada’s banking industry is experiencing generational changes, including a wave of smaller players being bought out, the rise of tech-based players as potential threats to the establishment, and a federal government that has both made big promises and taken steps to create more competition. While it’s not clear how this will […]
Interest rates and inflation Price growth stabilized this year, allowing the Bank of Canada to cut its key interest rate by a full percentage point to 2.25% in 2025. But with higher prices already baked in, an increasing number of consumers were struggling with debt. The annual inflation rate fell to 2.2% in October, according […]
Recently, 14 financial institutions– including all six major banks – agreed with the Consumer Financial Agency of Canada (FCAC) to offer low-cost and free bank accounts to all Canadians. Bank account shopping just got more profitable. Will another bank account really save me money? If you already have a low-cost or free bank account that […]
While the duration of the transition is not yet known, Natasha Macmillan, Ratehub.ca’s daily banking expert, says customers should expect email or postal notifications about their accounts, loans or other banking products with Laurentian. She says an acquiring bank typically aims to minimize disruption because its goal is to retain customers and maintain high customer […]
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These episodes, combined with my mother’s observations of increasing forgetfulness and compulsive behavior, prompted us to have him medically tested. The diagnosis was immediate: early dementia. His doctor has revoked his license and ordered me to immediately take control of his finances. It was then that my family and I were introduced to a harsh […]
