Banking giant Wells Fargo wrote to customers on Thursday that it was shuttering all personal lines of credit in the coming weeks, and will no longer offer the product.The news sparked mixed feelings a...
“Assessing creditworthiness without a formal history is a major problem in financial services in Africa while social demographic data isn’t sufficient to make good credit decisions,” notes Eun...
What is a Bank Credit?Definition‘Bank Credit’ is a financial term used to refer to the amount of money a business or individual can borrow from a bank. It is also referred to as the money tha...
Which Credit Suisse ETNs are being delisted?The following nine Credit Suisse AG exchange-traded notes (ETNs) will be delisted effective July 12, 2020. Those listed on the Nasdaq® will trade thro...
According to the Inflation Reduction Act, recently signed into law by President Joe Biden, automakers must complete the final assembly of their electric vehicles in North America in or...
Entrepreneur and innovator Abbey Wemimo recently created a credit-building app – Esusu – targeted at closing the racial wealth gap in black and brown communities. The startup has so far ...
Creditswitch, a prominent value-added services provider in Nigeria's Information and Communications Technology (ICT) industry, has expressed its goal of expanding to other regions in Africa and eventu...
Credit default swaps (CDS) are financial instruments used to manage credit risk. They are contracts that transfer the risk of default on a loan or bond from one party to another. In other words, a cre...
On Wednesday, Credit Suisse posted a huge second-quarter loss as its earnings were severely impacted by the results of its investment bank and growing litigation provisions. The bank also an...
Credit Suisse on Thursday posted below-expectations results for its third quarter. The firm saw a 38% fall in the quarter’s net profit due to the impact of the coronavirus on the investment banking ...