Financial Services
Text size The tax-preparation company recently unveiled Spruce, a mobile-banking app. Cindy Ord/Getty Images As tax season gets under way, H&R Block is continuing its push to offer year-round financial solutions for its customers. Investors will get a look at how the process is going when the company reports its quarterly results on Tuesday. Just […]
One woman being prosecuted in Atlanta for defrauding the Paycheck Protection Program is a Walmart bakery worker. Authorities say she helped a cousin apply for pandemic bailout loans in a multi-state scheme involving phony businesses. Another defendant runs a trucking company and, according to his indictment, hired a financial adviser who helped him and at […]
Rising mortgage rates could put a chill on housing. A 30-year loan is averaging 3.5%, up from 3% just last month. If rates keep rising as the Federal Reserve tightens monetary policy, housing stocks will struggle as home loans grow less affordable. The outlook doesn’t look great for mortgage originators either, with volumes likely to […]
History books have yet to reveal the final chapter of 2021, a year that lurched between the promise enshrined in synthetic mRNA, the revolutionary technology behind the first Covid-19 vaccines, and the peril posed by billion-dollar weather and climate disasters, a growing political divide, and the ongoing struggles over racial and economic inequality. But one […]
Some say you need to be a mind reader to accurately predict which way the stock market is headed. So MarketWatch decided to ask actual mind readers — or mentalists, as they sometimes prefer to be called — to tell us what to expect in 2022. And as an added twist, we sought out a […]
United States: Effective Date Set For NCUA Final Rule On Complex Credit Union Leverage Ratio 31 December 2021 Cadwalader, Wickersham & Taft LLP To print this article, all you need is to be registered or login on Mondaq.com. The National Credit Union Administration (“NCUA”) set a January 1, 2022 effective date for a final rule that would […]
Consumer credit risk was in retreat in 2021. It might begin to return next year, though not necessarily in a way that should worry bank investors yet. The average rate of delinquent payments rose from October to November across loans from six large credit-card banks, according to master trust figures compiled by S&P Global Market […]
After taking an initial wait-and-see approach on the new omicron variant of coronavirus, Credit Suisse CS, +3.57%, one of the world’s largest investment banks, now sees a “considerable” risk that the U.S. and large parts of Europe will be unable to avoid “stringent” lockdowns this winter. Credit Suisse’s view is at odds with that of […]
Average APRs on personal loans have dipped, both for three-year and five-year loans, according to data released Monday from Bankrate for the week ending December 13th. If you have excellent credit (meaning a score of 751 or higher), the rate dip was especially steep: The average personal loan APR fell to 12.56% for a three-year […]
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Opinion: Facebook can change its name to Meta Platforms or anything else, but its current leadership cannot be trusted
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December 22, 2021
When you watch a magician wave his right hand in a flourish, keep an eye on his left, because that’s usually where the real action is. This lesson is certainly true of Facebook’s own recent “magical” flourishes. First, Facebook unveiled a new name — Meta Platforms FB, -1.12% — as part of its project to […]