Sunday, December 22

Tag: credit

China’s Millionaires Are Worried. That’s a Problem for Wall Street.
18Dec By adminNo Comments
World

China’s Millionaires Are Worried. That’s a Problem for Wall Street.

Updated Dec. 18, 2023 12:15 am ETChina’s economic slowdown has become a big problem for banks that serve the rich. For years, banks including Citigroup, JPMorgan and UBS competed hard to win business from China’s giant pool of wealthy people. They hired thousands of relationship managers with the language skills and cultural know-how to gain the trust of mainland China’s moneyed class, and helped them buy shares in Hong Kong, real estate in the U.S. and expensive paintings from European collections.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Mitsubishi UFJ Agrees to Buy Australia’s Link Administration
18Dec By adminNo Comments
World

Mitsubishi UFJ Agrees to Buy Australia’s Link Administration

SYDNEY—Mitsubishi UFJ Financial Group agreed to buy Link Administration in a deal valuing the Australian financial technology company’s equity at 1.2 billion Australian dollars (US$800 million).Link on Monday said its board had unanimously recommended that shareholders vote in favor of the deal, in the absence of a superior proposal.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Buy Now, Pay Later Keeps People Spending—Without Credit Agencies Knowing 
17Dec By adminNo Comments
Money

Buy Now, Pay Later Keeps People Spending—Without Credit Agencies Knowing 

Priscilla Rodriguez, an overnight stocker at a Walmart, has a strategy to protect her credit score as she and her husband look to buy a house.The Sunland Park, N.M., resident uses installment loans from Afterpay to buy groceries, her pricey skin-care products and art supplies for her 10-year-old son, which keeps the balance on her two credit cards low—and the credit agencies in the dark. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sale of Silicon Valley Bank’s Old Venture Capital Arm Hits a Snag
15Dec By adminNo Comments
Money

Sale of Silicon Valley Bank’s Old Venture Capital Arm Hits a Snag

A process to sell the venture-capital arm of bankrupt SVB Financial, the former parent of Silicon Valley Bank, has fallen flat and creditors are now gearing up for a potential takeover of the business. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Money baggage can ruin your holidays. Here’s how to conquer it.
15Dec By adminNo Comments
Money

Money baggage can ruin your holidays. Here’s how to conquer it.

You’re racking up your credit-card balance on plane tickets and stocking stuffers. Winter breaks and endless errands have left your schedule in shambles. You’re heading home for the holidays — maybe during one of the busiest travel days of the year — and praying your dad doesn’t bring up Bidenomics at the dinner table.It’s supposed to be the most wonderful time of the year, but it’s not breaking news that the holiday season can also be one of the most stressful, particularly when it comes to our finances And, with the average American planning to spend about $875 on their holiday shopping this year, it can leave a serious dent in your wallet.  The holidays can also dredge up negative thoughts, fears and feelings we have about money, financial therapists told MarketWatch, spurring overspen...
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What Fed Rate Cuts Mean for Home Buyers in 2024
14Dec By adminNo Comments
Money

What Fed Rate Cuts Mean for Home Buyers in 2024

Getting a mortgage should be slightly less painful in 2024.On Wednesday, the Federal Reserve said it expected to cut interest rates three times next year. The Fed’s forecast brings a dose of holiday cheer to hopeful home buyers who have felt squeezed out of the market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Oklahoma Finds It Hard to Break Up With JPMorgan and BlackRock
14Dec By adminNo Comments
Money

Oklahoma Finds It Hard to Break Up With JPMorgan and BlackRock

Cutting ties with the largest U.S. banks and asset managers is easier said than done. In Oklahoma, where a new law requires the state to stop doing business with financial companies that “boycott” the oil-and-gas industry, officials and pension employees are running into hurdles while trying to comply.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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