Finance news covering financial markets, investment strategies, wealth management, and personal finance developments.
Only 47% of questions were answered correctly on the TIAA Institute test, the lowest in 10 years. The share of adults with very low literacy rose from 20% to 25% since 2017. Gen Z averaged 38%, with over a third in the lowest category.
Na Wei, global head of leveraged finance at Barclays, advised software borrowers to 'prepare for war, but hope for peace' regarding an upcoming maturity wall. He spoke at the Bloomberg Global Credit Forum in New York on Wednesday.
This commentary argues that credit card rewards programs, funded by merchant fees, effectively transfer wealth from cash and debit users to credit card users, disproportionately harming lower-income Americans. It contends that these fees raise prices for all consumers while only benefiting those with rewards cards, exacerbating economic inequality.
Several European junk-rated companies, including Burger King operator Restaurant Brands Europe and optometric care provider nexeye, are seeking to reduce margins on euro-denominated term loans by 25 to 50 basis points. Fertility firm Ivirma also aims to reprice its borrowings and add an extra €50 million term loan, capitalizing on favorable credit conditions.
This commentary explains the process of debt repayment after death, arguing that most debts do not disappear but must be paid from the deceased's estate. It describes the roles of executors and probate court, and clarifies that beneficiaries receive assets only after debts are settled.
This article explains the process of handling debt after death, describing how executors manage estates and the probate process. It clarifies that debts are typically paid from the estate before assets are distributed to beneficiaries, and outlines what happens if there is no will.
This commentary argues that large traditional banks like Wells Fargo are at the forefront of payments innovation, contrary to the perception that fintech unicorns lead. It contends that Wells Fargo's scale, data insights, and strategic partnerships enable it to build and deploy innovative solutions like real-time payments and AI assistants more effectively than startups.
This commentary profiles Laide Majiyagbe, BNY's global head of markets, and her push into digital assets and tokenization. It argues that her client-driven approach and technological innovations, such as LiquidityDirect and tokenized money market funds, are transforming liquidity, collateral, and short-term funding markets.
This commentary argues that commodity finance, the system funding global commodity movement, is a critical but often overlooked aspect of supply chains. It contends that understanding how risk is priced and how financing differs between hedgeable and non-hedgeable commodities is essential for grasping the hidden plumbing of the global economy.