The Bretton Woods system was created after the massive economic devastation World War II caused. To save the global ethe conomy, 44 countries shook hands on the Bretton Woods, New Hemisphere, in 1944....
Tag: Credit
No credit for crypto — users react to Russia-issued credit card ban
Cryptocurrency exchanges and financial services companies will soon likely no longer be able to accept transactions completed with many major credit cards following the companies ceasing operations fo...
Bitcoin Will Benefit from New Monetary World Order, Predicts Credit Suisse
Credit Suisse – a Switzerland-based global investment bank – released a report yesterday predicting radical change to the global monetary system. Given western inflation dynamics and eastern geopoliti...
The Tail Risk In Credit Markets
In my career as a money manager I never traded credit products, but I was taught to watch them closely for early warnings of general market trouble. The story was that credit investors worry about mit...
Russian Banks Turn to China to Sidestep Cutoff From Payments Systems
Russian banks that have been cut off from global payments networks are turning to China’s state-owned UnionPay system as the country tries to sidestep boycotts by Western businesses for its invasion o...
BitYard Partnering With Transak – Smooth the Way for Crypto Credit Card Payments – Press release Bitcoin News
press release PRESS RELEASE. BitYard and credit card service provider – Transak, muscle into India and Mid Asia for 1 billion crypto market. Transak’s Background Transak enables developers with seamle...
Morgan Stanley Hires 2 Advisors From J.P. Morgan
Morgan Stanley hired two advisors from J.P. Morgan Securities, the brokerage arm of JPMorgan Chase. Advisors Mark Horowitz and Joel Bodner previously managed approximately $750 million in client asset...
BitYard Partnering With Transak – Smooth the Way for Crypto Credit Card Payments – Coinotizia
press release PRESS RELEASE. BitYard and credit card service provider – Transak, muscle into India and Mid Asia for 1 billion crypto market. Transak’s Background Transak enables developers with seamle...
Mortgage Interest Deduction: How It Works in 2022
The number of taxpayers claiming mortgage interest deductions on Schedule A has dropped sharply since the 2017 tax overhaul enacted both direct and indirect curbs on them. For 2019, about 13 million f...
Why War and Sanctions Are Good for Bitcoin
Illustration by Elias Stein Text size Russia’s invasion of Ukraine is pressuring equities, pumping up oil prices, and scrambling Federal Reserve plans to raise rates. Through it all, Bitcoin has been ...
If your financial adviser didn’t ask these 6 questions, give them a call
Getty Images You may know all the questions you should be asking your financial adviser (if not, read our story on the questions to ask here), but did you know a new adviser should also be asking you ...
13 Stocks That Have Too Much Russian Exposure—and 6 Stocks That Could Benefit
Text size Photo by MANDEL NGAN/AFP via Getty Images U.S. companies are fleeing Russia, something that could create headwinds going forward. For companies in countries that haven’t imposed sanctions, h...
Why Did Mortgage Rates Fall Again? How Ukraine and Russia Affect Housing.
Text size The average rate on a 30-year fixed mortgage rate fell to 3.76% this week. Dreamstime.com Mortgage rates fell for a second consecutive week after Russia’s invasions of Ukraine triggered a fl...
I’m 60 with ‘well into seven figures’ saved. Should I get a financial adviser?
Getty Images/iStockphoto Question: I am 60 years old, single and don’t have any children. I am well into seven figures with retirement savings, made up of three 401(k)s, two mutual funds and a $350,00...
Credit Suisse Makes Structural Changes to Its Asset Management Business
Credit Suisse announced that it has made structural changes to Its Asset Management Business in effect from 1 April 2022. In a recent press release shared with Finance Magnates, Colin Fitzgerald, who ...
Here’s exactly how much money is in the average savings account in America
But whatever the rules, one thing is clear: Americans who do save are saving more than they used to. Getty Images/iStockphoto While there’s no magic number as to the amount of money someone should hav...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
‘They all promise to help’ but no financial adviser seems to offer what I need. I have two 401ks, Roth accounts and real estate, and want a one-time plan for managing my money myself. Can you help?
Looking for a financial planner who works for a flat fee? Here’s some advice on how to do it. Getty Images Question: I have done a lot of research to find a fiduciary, but the bottom line is I have ye...
3 simple rules for cushioning yourself against inflation
This article is reprinted by permission from NerdWallet. Inflation — the rise in consumer prices — is a slow erosion of your money over time. Before 2021, the U.S. hadn’t seen annual core inflation m...
PayPal, Intel and Paramount Stock Hit Multiyear Lows. Insiders Bought Up Shares.
It isn’t surprising that many stocks have set new intraday lows for the latest 52 weeks, or even longer. Ed, let’s mention Russia-Ukraine since that’s the reason But it is notable when insiders—compan...
ECB says Russia bank subsidiary likely to fail
FRANKFURT, Germany — An Austria-based subsidiary of Russia’s state-owned Sberbank RU:SBER has been ruled likely to fail after depositors fled due to the impact of Russia’s invasion of Ukraine. The Eur...
SEC proposes new rule requiring short-sellers to disclose their positions monthly
Gary Gensler has been circling short-sellers for months, and now the Securities and Exchange Commission chief is looking to make a big move. Under a new rule proposed by the SEC Friday morning, some i...
My mother-in-law left her $1 million life-insurance policy to my brother-in-law, but her will says she wants him to share it with my husband. What can we do?
Dear Quentin, My husband and I took care of my mother-in-law for eight years. Around five years ago we gave up the house we were renting to save her home because she could not afford it, and because s...