Two Australian lenders are hitting borrowers with interest rate hikes larger than the Reserve Bank’s February increase, but there is a silver lining. The recently-merged Unity Bank and G&C Mutual have announced they’re hiking variable home loan rates by as much as 36 basis points for existing borrowers in the wake of the Reserve Bank […]
These two banks are passing on larger rate hikes than the RBA Read More »
SpaceX lines up four Wall Street banks for potential IPO, FT reports
SpaceX lines up four Wall Street banks for potential IPO, FT reports Read More »
Indian digital insurer Acko Technology & Services Pvt. has invited pitches from investment banks for a potential initial public offering to raise as much as $350 million, according to people familiar with the matter. The IPO, which may include a mix of primary shares and secondary sales by existing investors, is likely to be launched
India Digital Insurer Acko Said to Seek Banks for $350 Million India IPO Read More »
(Image credit: Getty Images) If you’re looking for the best interest rate on a savings account, chances are you’ll find it at an online bank. Online banks, which are banks that operate without physical branches, offer convenient digital banking and competitive interest rates that can maximize your return on your savings. The national average interest
Online Banks Still Lead on Rates, But Is Switching Worth it Now? Read More »
In the insurance world, uncertainty is expensive. For community banks seeking Directors and Officers liability coverage, that uncertainty has traditionally translated into premiums that fail to fairly distinguish between well-governed institutions and their less disciplined peers. But a technological revolution in performance forecasting is changing the calculus, allowing forward-thinking insurers to reward banks that can
Why Predictable Performance Earns Banks Better D&O Rates Read More »
Key Takeaways Most big banks—including Chase, Bank of America, and Wells Fargo—pay virtually nothing on savings, with many customers not realizing how much more they could be earning elsewhere. Your savings are just as safe at smaller or online banks, thanks to federal deposit insurance that protects balances up to $250,000. Opening a high-yield savings
The Savings Secret Big Banks Don’t Want You to Know Read More »
Key Takeaways The Federal Reserve is set to hold a policy meeting Dec. 9 and 10, before several important economic reports are due to be published. Experts are speculating whether the Fed will choose to delay its meeting by a week so it can assess the job market’s condition in November before deciding whether to
Major banks, including JPMorgan and Citi, warned of data exposure after hack, NYT reports
Once you find a bank account you like, you rarely switch to another. In fact, the average person keeps the same account for 17 years, Bankrate found. What causes this long-term loyalty? One reason is that switching bank accounts, especially checking accounts, can be a complicated process. You must update direct deposits and change every
Want to Change Banks? Try This ‘Soft’ Strategy Read More »
Euro zone banks must prepare for unprecedented shocks causing severe disruptions with far-reaching consequences for financial systems, the European Central Bank said on Tuesday as it outlined its supervisory priorities for the next three years. The ECB has long argued that banks face a new reality with more frequent shocks, from tariffs to cyberattacks, requiring
Europe’s Banks Face ‘Unprecedentedly High’ Risk of Shocks, ECB Warns Read More »