Commentary The United States is in recession. While two consecutive negative GDP prints is a raw (technical) measure of a recession, there’s no escaping from it anymore. Essentially, many are wondering, how deep will the recession be? As I have detailed in my previous columns, the coming economic downturn is likely to be very deep…
How to Prepare for the Recession
July 29, 2022
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5 Simple Ways to Improve Your Credit Score and Help Your Business
By Mark Abell Small business owners can significantly improve their chances of getting a loan approved by first taking steps to boost their personal credit score. The biggest factors that any bank looks at when deciding whether to approve a loan are the 5 Cs of credit: capital, collateral, conditions, cash flow, and creditworthiness. For young…
Savings Rate Falls, Consumer Debt Surges as Inflation Weighs on Household Finances
With rampant price inflation eating away at household budgets, U.S. consumers are saving less, using debt to keep their heads above water, and losing confidence in the economy. In April, the household savings rate tumbled to 4.4 percent, down from 6.2 percent in March, according to the Bureau of Economic Analysis (BEA). This is the…
Inflation Will Be More Persistent Than Expected
Commentary The most important economic question to date is still the old one: whether inflation has peaked or still has some months to go. The U.S. official tone on inflation has always been on the supply side such as the logistic blockage due to Covid-19 lockdowns or the Ukraine-Russian war. The demand side of ridiculous…
How Buy Now, Pay Later Loans Could Alter Credit
Expanding access to credit is a worthy goal. Too many people can’t get a mortgage or an emergency loan at a reasonable rate because they can’t show a solid credit history. They may pay more for insurance or make large security deposits to get utilities or rent an apartment. Recently, the three major credit bureaus…
The 5 Things Lenders Look for in Small Businesses Before Offering a Loan
Obtaining a loan for your small business isn’t always a simple task. Depending on the factors that are present in your situation, a lengthy vetting process may take place. Knowing what to expect ahead of time can be very helpful. Understanding Your Options Before probing into what exactly lenders are looking for, it’s important to…
Experian Clients Demand More Services Related to Buy-Now-Pay-Later
Experian sees growing demand for its services in the booming buy-now-pay-later (BNPL) sector as it adds more clients to the unit, the world’s largest credit data firm said on Friday after a strong third quarter. BNPL is a segment that is becoming more mainstream and Experian’s clients are demanding the company’s services to know whether…
Taiwan to Launch $1 Billion Lithuania Credit Fund Amid Beijing Pressure
January 12, 2022
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VILNIUS—Taiwan will launch a $1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday. Lithuania is under pressure from China which claims democratically ruled Taiwan as its own territory, to reverse a decision last year to allow the island to…
Demand for Office Space Set to Rise in Long Term: Credit Suisse
ZURICH—Demand for office space is set to rise in the long term as the trend toward digitalising work offsets the pandemic-triggered impact of more people working from home, a study by Swiss bank Credit Suisse found. Its analysis of the Swiss office property market showed supply was outstripping demand during the coronavirus pandemic. The home…
EU Fines HSBC, Credit Suisse, Others Over ‘Sterling Lads’ Forex Cartel
BRUSSELS—EU antitrust regulators on Thursday fined Barclays, Credit Suisse, HSBC, and NatWest 344 million euros ($390 million) for foreign exchange market rigging, closing a key chapter in a high-profile investigation. UBS avoided a 94 million euro fine by alerting the European Commission to the cartel, which was set up via a chatroom known as “Sterling…
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