By Chris Taylor NEW YORK (Reuters) – As you gear up for last-minute holiday shopping at any big box retailer, there is a good chance you will be offered a store credit card with a nice discount on today’s purchase and even a 0% interest rate for an introductory period. What’s not to like, right? …
How to avoid store credit cards with a potential debt bomb Read More »
By Chris Taylor NEW YORK (Reuters) – ‘Tis the season for giving, and more Americans are planning to give year-end holiday tips. But figuring out who gets what can be tricky. “In recent years, with inflation cutting into our purchasing power, it felt like we couldn’t give as much as we wanted,” says Bankrate senior industry …
Spread holiday cheer with this year-end tipping guide Read More »
By Lawrence White and Selena Li LONDON/HONG KONG (Reuters) – Standard Chartered (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of its wider strategy to shift to higher fee-earning businesses. The Asia-focussed bank wants to expand in serving wealthy …
By Ross Kerber (Reuters) – U.S. energy regulators have another window of opportunity to clarify the role that giant fund firms should play in corporate ownership. It’s a good chance to resolve a nagging question for investors and stock issuers alike. In October BlackRock asked the U.S. Federal Energy Regulatory Commission to extend for another …
Column-Funds wait on US energy regulator to answer a $26 trillion question: Ross Kerber Read More »
By Mark Miller (Reuters) – The next U.S. president and Congress will need to tackle the financial challenges facing Social Security if we are going to avert a sharp cut in benefits to the 68 million retired or disabled Americans who rely on the program. Social Security’s combined retirement and disability trust funds are on …
Column-How Trump or Harris would address Social Security’s problems Read More »
By Chris Taylor NEW YORK (Reuters) – Money and sex are obvious taboo topics in the American workplace. But here is one you might not have thought of: Grief. If you ever lost someone close to you – a partner, a parent, a child – and returned to the office, you know how awkward things …
Grief in the workplace: Four ways to help employees cope Read More »
LONDON (Reuters) – When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States. The size of a first move and the scale of overall easing remains open to debate, while a looming U.S. election is another complicating factor for …
By Shariq Khan NEW YORK (Reuters) – Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations. Negative sentiment swept oil markets so strongly that short positions on Brent crude overtook long positions for …
Investors turned more bearish on oil last week than ever Read More »
By Manya Saini and Nupur Anand (Reuters) -Wells Fargo’s latest regulatory rebuke for insufficient efforts to combat money laundering will probably prolong another ongoing major regulatory punishment that has limited growth at the bank, analysts said. Despite some progress fixing issues from a 2016 fake accounts scandal, the fresh compliance problems signal Wells Fargo’s cleanup …
Wells Fargo’s latest regulatory rebuke may prolong asset cap punishment, analysts say Read More »
By Nupur Anand NEW YORK (Reuters) – U.S. consumers’ late payments on credit cards and other loans are starting to level off in recent months after rising earlier in the year, bankers and industry analysts said this week. The trend contrasts with recent data showing a surge in credit card loans being written off across …
US consumer loan delinquencies starting to plateau, bankers say Read More »
