Federal Reserve Mulls to Impose Stricter Rules to Foreign Banks
The Federal Reserve is mulling on imposing a stricter policy on foreign bank branches to tighten the "loophole" that allowed overseas lenders to protect...
Meet Mukesh Ambani, the 13th Richest Man in the World
This year seems to be a good one for Indian billionaire Mukesh Ambani as he jumped to the 13th spot in Forbes’ Billionaires list,...
AU Economy Remains Unfazed, Credit Supply Closely Watched
Australia Central Bank chief and representative, Philip Lowe, is confident in that the country’s economy will remain afloat despite the current property climate in...
Chime Valued at $1.5 Billion as it Raises $200 Million
Mobile banking startup, Chime, has recently raised $200 million from its pool of investors. The company is now valued at $1.5 billion.
Its Series D...
Chinese Government Disallows People from Travelling Due to Low Social Credit
The controversial Social Credit System now barred people with low scores to travel in and out of China.
Approximately 23 million plane and train tickets...
JPMorgan On Its Way to Enter the POS Lending Market
JPMorgan Chase is readying to move into the POS financing market, allowing customers to pay in installments for purchases worth $500 and above as...
Main Street to Become More Daring than Wall Street
According to recent reports from brokerage firm TD Ameritrade, Main Street is becoming more daring than its counterpart in brokerage and financial services, Wall...
JPMorgan Chase Steers Clear from Private Prisons
JPMorgan Chase has finally spoken about lending money towards the private-prison industry. After years of being beleaguered by activists and shareholders, the company has...
Michigan State University Drops Sexual Misconduct Liabilities Insurance
Several months after the controversial Larry Nassar scandal, Michigan State University appears to have a new school insurance policy, excluding sexual misconduct from the...
China Cuts 2 Trillion Yuan in Taxes, Boost Lending for GDP Growth
World’s second largest economy, China, will be cutting billions of dollars in taxes and fees to expand its economy, according to the annual report...
Fidelity Faces Probe on Hidden Fees Charged for 401(k) Plans
Fidelity Investments is under fire as state authorities investigate the fees the company charges to some mutual funds for using its platform to access...
Bahrain Invites Indian Companies to Set Up FinTech Base
Several companies from India were invited by Bahrain to facilitate the on-going development of the FinTech industry in the country.
Bahrain reportedly submitted a proposal...
Alaska Airlines Credit Card Offers 40,000 Mile Sign Up Bonus
As part of the Alaska Airlines credit card’s multitude of rewards program comes a bigger perk of 40,000 miles sign up bonus for cardholders....
U.S. Wealth Inequality Similar to Pre-Great Depression Levels
The wealth gap level in the U.S. is close to that of the Roaring Twenties, the decade preceding the Great Depression, according to some...
Investment Research Firm Encourages Global Investors to Invest in Chinese Stocks
A company that compiles a few of the world's most closely monitored share indexes said investors all over the world should begin to pay...
Ripple Chose Singapore for its Blockchain Research
Ripple’s University Blockchain Research Initiative (UBRI) is getting 11 new partner universities, including the National University of Singapore (NUS). FinTechnews Singapore reveals that Ripple’s...
VA Publishes Rule Increasing Protection to Veteran’s Cash-Out Home Loans
U.S. Department of Veterans Affairs (VA) had published a final rule on cash-out refinance loans guaranteed by the department, according to a recent VA...
United States Hits Debt Ceiling, Credit Limit in Question
The debt ceiling as recently put in action last Saturday. As the United States federal government hits an all-time high with its national spending,...
California, First State to Buy Wildfire Insurance
Three elected officials in the California state have proposed legislation that allows the state to buy private disaster insurance to prevent overspending the budget...
Digital Insurance Lime Launches in the UK
There are approximately 16 million people in the UK who doesn’t have insurance.
Given this big opportunity, Insurtech platform Lime is finally catering to people...
Congress Probes Credit Reporting Agencies on Proposed Industry Overhaul
The US Congress has recently called for a hearing with the nation's major credit reporting agencies as lawmakers attempt to pass legislation to overhaul...
Norway’s $1 Trillion Wealth Fund Plans to Increase Investment in the UK
The world’s biggest wealth fund from Norway plans to continue investing in Britain amidst Brexit.
Norges Bank Investment Management, which has over $1 trillion in...
Facebook Plans to Launch a Cryptocurrency for Its Messaging System
Facebook is currently in talks with exchanges about a possible listing of a cryptocurrency, a report in "The New York Times" revealed. The world's...
Health Insurance Tax Penalty Mostly Paid by Poor Californians
A data analysis conducted by the Sacramento Bee shows that a lot of the individuals who were required to pay California’s Health Insurance Tax...
Thematic Investments are off to a Great Start this Year
Investments on thematic industries such as marijuana, clean energy and solar power showed great performance in the first two months of the year, Sarah...
Australian Home Loans Records Weakest Lending Rates
The global financial crisis has deeply affected the country of Australia, with home loans falling at its weakest since the mid-1890s. In January 2019,...
Credit Card Revenue Increases due to Trend
According to the Federal Reserve, the revenues of credit card merchants grew by $104B alone for interest and other fees.
Magnify Money shows that the...
Former Lawyer Reveals Trump’s ‘Inflated’ Wealth
Donald Trump’s former personal lawyer Michael Cohen testified that the president ‘inflated’ his wealth way back 2013, The New York Times reports. According to...
CDC Finds U.S. Health Insurance Figures Remain Stable in 2018
Health insurance figures in the U.S. remain almost stable last year, a report released by the Centers for Disease Control and Prevention (CDC) found,...
ECB Advised to Make Speedy Evaluations for New Loans
Policy meetings are in order as the European Central Bank assesses the situation pertaining to the slowdown of the euro area’s economy, says Bloomberg....
