High Credit Score Doesn't Guarantee Zero-Down Financing at Dealership
A customer with an impressive credit score of 812 sought zero-down financing at a dealership, only to face unexpected challenges from the salesman.
Editorial Staff Jun 29
Banking
Latest Banking stories from Money.
BIS Report Highlights Shortcomings of Stablecoins and Risks for Emerging Markets
The Bank for International Settlements critiques stablecoins for lacking key money characteristics, raising alarms about potential risks in emerging markets.
Editorial Staff Jun 28
Should You Use Your 401(k) to Help Pay Off Your Mother's Credit Card Debt?
Considering whether to withdraw from retirement savings to assist a parent with significant debt raises important financial questions.
Editorial Staff Jun 28
TMD Introduces a Premium Keyless Bike Lock for E-Bikes
TMD, a company known for securing ATMs, has launched a $280 keyless bike lock aimed at e-bike owners, seeking to redefine smart lock value.
Editorial Staff Jun 28
Israeli Settlers Attempt to Seize House in West Bank
Recent videos depict Israeli settlers making attempts to take control of a house that is currently under construction in the occupied West Bank.
Editorial Staff Jun 27
BJP Defends India's Gaza Stance Amid Congress Criticism
BJP leader Shehzad Poonawalla accuses Congress and Sonia Gandhi of politicizing the situation in Gaza, asserting that India's approach remains balanced.
Editorial Staff Jun 27
The Importance of Quick Capital Access for Small Businesses
GXS Bank's commitment to providing capital within 24 hours is designed to assist small and medium enterprises in managing cash flow and seizing growth opportunities.
Editorial Staff Jun 26
Bank Account Closures Raise Concerns Amid Immigration Enforcement
Recent closures of bank accounts for specific demographics have sparked discussions among experts regarding their potential connection to increased immigration enforcement efforts.
Editorial Staff Jun 25
JPMorgan's Leadership Transition: Dimon Elevates Two Key Executives
In a significant move for JPMorgan, Jamie Dimon has promoted Doug Petno and Troy Rohrbaugh to oversee two major divisions, following Marianne Lake's departure from the bank.
Editorial Staff Jun 25
Apollo's Private Credit Fund Faces Significant Redemption Challenges
Apollo's leading private credit fund has encountered a wave of redemption requests, fulfilling less than a third as investor withdrawals accelerate.
Editorial Staff Jun 25
China's Central Bank Initiates 500 Billion Yuan MLF Operation to Support Banking Sector
In a move to bolster liquidity in the banking system, the People's Bank of China has announced a 500 billion yuan MLF operation, as reported by Xinhua News Agency.
Editorial Staff Jun 25
Banks Compete for Wealthy Clients with Luxurious Offerings
As private lenders seek to attract affluent customers in the UK, they are moving beyond traditional banking services to offer unique experiences and amenities.
Editorial Staff Jun 25
Fed Stress Tests Reveal Potential $700 Billion Loss for US Banks
Recent stress tests conducted by the Federal Reserve indicate that US banks could face losses totaling $700 billion in the event of an economic downturn. Some Wall Street firms have responded by increasing payouts to investors.
Editorial Staff Jun 24
Hong Kong to Facilitate Cash Assistance for Elderly in Mainland China Starting July 2026
Beginning in July 2026, elderly welfare recipients residing in Guangdong and Fujian will be able to receive cash assistance directly in their mainland Chinese bank accounts, according to Hong Kong officials.
Editorial Staff Jun 24
HSBC's Swiss Unit Faces Investigation in $330 Million Embezzlement Case
HSBC's Swiss division is currently under investigation regarding its potential involvement in an alleged embezzlement scheme linked to the Lebanese central bank governor.
Editorial Staff Jun 24
Chainlink Collaborates with European and Korean Banks on FX Settlement Initiative
A consortium of banks from Europe and South Korea is exploring the potential of regulated stablecoins for real-time cross-border foreign exchange settlements.
Editorial Staff Jun 23
Strive Defends Digital Credit Market Amid Selloff Concerns
Strive has characterized the recent selloff in digital credit products as a liquidation event rather than indicative of a broader credit crisis, maintaining that credit fundamentals are stable.
Editorial Staff Jun 22
FTSE 100 Gains Ground Amid Banking Sector Resilience and Political Speculation
The FTSE 100 index experiences an uptick, driven by a robust banking sector, while political dynamics surrounding PM Starmer's potential resignation loom.
Editorial Staff Jun 22
Analysts Anticipate Federal Reserve Rate Hike This September
Bank of America and Deutsche Bank analysts foresee an interest rate increase by the Federal Reserve in September, suggesting significant market implications.
Editorial Staff Jun 22
Bank of England Revises Stablecoin Regulations, Introducing £40 Billion Issuance Cap
The Bank of England has revised its approach to stablecoin regulations by removing proposed holding limits and introducing a £40 billion issuance cap, aiming for a 2027 launch.
Editorial Staff Jun 22