Interest Rates

UK Credit Card APR Soars To Nearly 25 Pct.
UK Credit Card APR Soars To Nearly 25 Pct.
September 17, 2019  |  Debt

Interest rates on credit card balances in the U.K. are the highest they have been in 13 years, according to a report by the Financial Times....

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US Bank Dials Back Growth Forecasts
US Bank Dials Back Growth Forecasts
September 12, 2019  |  Banking

To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. Bancorp cut its growth outlook in the long term....

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Global Debt Spike Has Some Central Bankers Worried
Global Debt Spike Has Some Central Bankers Worried
September 09, 2019  |  Economy

As the U.S.-China trade war continues and economies take a dive, already low global interest rates could drop even further, The Wall Street Journal reported...

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Japan’s Struggling Regional Banks Take Investment Risks To Stay Afloat
Japan’s Struggling Regional Banks Take Investment Risks To Stay Afloat
September 03, 2019  |  International

Japan’s struggling regional banks are taking on riskier investments as they struggle to survive. The banks have been hurt by rock-bottom interest rates, as well...

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Negative Rates Have Danish Banks Snapping Under Pressure
Negative Rates Have Danish Banks Snapping Under Pressure
August 28, 2019  |  International

Seven years of negative central bank rates in Denmark have financial institutions in a tailspin, Bloomberg reported on Wednesday (Aug. 28). Sydbank and Jyske Bank...

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Near-Record Low Rates Trigger Refi Wave Among US Homeowners
Near-Record Low Rates Trigger Refi Wave Among US Homeowners
August 18, 2019  |  Loans

U.S. mortgage refinancing is on the uptick as fears about fluctuating global markets cause a drop in interest rates, the Financial Times reported Sunday (Aug....

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Negative Interest Rates And Negative Ripple Effects
Negative Interest Rates And Negative Ripple Effects
August 16, 2019  |  Loans

Please take out a loan. Stimulate the economy. We’ll pay you to do it. News came this week that Jysek Bank, a Danish bank that...

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State Regulators Investigate Payday Advances
State Regulators Investigate Payday Advances
August 08, 2019  |  Alternative Finances

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the...

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Average US Credit Card Rates Top 27 Pct. In May
Average US Credit Card Rates Top 27 Pct. In May
August 06, 2019  |  Economy

It costs more than ever to pay with a credit card in the U.S., with many consumers paying 17 percent, the highest rate in the...

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