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Jul 08, 2014

Consumer Credit Rises Amid Low Rates

U.S. consumer credit rose in May, a sign that easy monetary policy was providing substantial support for the economy...

Jul 24, 2014

More than half of credit card holders don't know interest rates

Card users are risking taking on more debt than they expect, with the survey finding that 57 per cent of people don't know what rate they'll be on once their 0 per cent deals finish...

Jul 29, 2014

American Express 2Q profit rises 9 percent

American Express Co.'s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover potential credit losses. A one-time gain related to the company's business travel di... #Wall Street #Federal Reserve

Jul 28, 2014

Trumble: How to get out of medical care debt

The single biggest cause of personal bankruptcy in the United States isn't job loss or irresponsible use of credit. It's medical expenses. An analysis this year by NerdWallet Health found that about 60 percent of all bankruptcies are health-related. ... #Commonwealth Fund #Federal Reserve #Consumer Financial Protection Bureau

Jul 16, 2014

Experian under fire from Institute of Directors over new chairman

The intervention comes ahead of the annual meeting for the credit-rating firm, where outgoing chairman Sir John Peace is expected to face his third shareholder rebellion... #Commonwealth Fund #Federal Reserve #Consumer Financial Protection Bureau

Jul 27, 2014

De Blasio housing strategy faces test in East New York

Mayor Bill de Blasio is eyeing East New York in Brooklyn as a frontier for his plan to restore and build 200,000 affordable housing units in 10 years. The neighborhood has high crime and poverty rates, but also a major transit hub and has the room fo... #Michael Bloomberg #Brooklyn, NY #East New York, NY #Bloomberg #Martin Dunn

Jul 27, 2014

Money Fix: How to save on car rentals

With summer vacation season in full swing, there's a good chance you'll rent a car. Once you're through arguing about what type of vehicle to rent, your other big decisions are what type of insurance to get and how to save a few bucks. Here are answe... #Michael Bloomberg #Brooklyn, NY #East New York, NY #Bloomberg #Martin Dunn

Jul 28, 2014

Lloyds suspends seven people after £226m bill for rigging interest rates

Bank fined for manipulating libor and reprimanded by Bank of England for rigging emergency funding fees during credit crisis Lloyds Banking Group has suspended seven employees after it was hit with a £226m bill from regulators on both sides of the At... #Lloyds Banking Group #Bank of England #HBOS

Jul 28, 2014

Lloyds suspends seven people after £226m bill for rigging interest rates

Bank fined for manipulating libor and reprimanded by Bank of England for rigging emergency funding fees during credit crisis Lloyds Banking Group has suspended seven employees after it was hit with a £226m bill from regulators on both sides of the At... #Lloyds Banking Group #Bank of England #HBOS

Jul 12, 2014

Get on track to make your holiday money go further

There are more ways to stretch a holiday budget than just finding a good exchange rate. Mike Parks (pictured) found an alternative to using credit cards abroad... #Lloyds Banking Group #Bank of England #HBOS