Borrowing money

Pause on federal student loans expires May 1

ELMIRA, NY (WETM) – The pause on federal student loan repayments is set to expire May 1. With rising inflation and gasoline prices reaching all-time highs, some are worried as that deadline approaches. However, experts say there is good news. Matthew Burr, a human resources consultant and associate professor of business administration at Elmira College, […]

Borrowing costs

RTL Today – Rising borrowing costs: Fed set to raise interest rates to contain inflation

On Wednesday, US central bankers are poised to take the first step to raise borrowing costs in a bid to limit rising inflation before it spirals out of control. The Federal Reserve will have to walk a tightrope to ensure its efforts don’t derail the recovery from the Covid-19 pandemic as Russia’s invasion of Ukraine […]

Borrowing money

Northrim BanCorp: revenue growth to counter the normalization of mortgage refinancing (NRIM)

John Pennell/iStock via Getty Images After a phenomenal year, earnings at Northrim BanCorp, Inc. (NASDAQ: NRIM) are likely to decline this year due to reduced mortgage bank revenue amid rising interest rates. On the other hand, low single-digit loan growth will likely support the bottom line. In addition, the excess cash position, smooth loan yields […]

Borrowing rates

Province Increases Municipal Borrowing Rates

Breadcrumb Links News Local News During this week’s council priorities committee meeting, Ward 4 Coun. Bill Tonita expressed his frustration with the provincial government’s decision to raise municipal interest rates. Lindsay Morey/News Team Content of the article Talk about a financial blind spot. Advertising This ad has not loaded yet, but your article continues below. […]

Borrowing costs

Inflation, Monetary Policy, Borrowing Costs and Debt Sustainability – Opinion

“The start of this year is an ominous echo of 2021. A new variant of the coronavirus has caused infections to skyrocket in all regions of the world, threatening economic prospects for the year ahead. But rather than a repeat of the severe downturns we saw in 2020, the outlook is for high global inflation […]

Borrowing money

How Life Insurance Policies Work Like Investments

Research shows that almost as many Americans do not own life insurance, but the COVID-19 pandemic has increased awareness of the value of having a policy. Yet, determining which type of life insurance policy is best for individuals and their families can be complicated. Mark S. Gardner (www.RetireWellDallas.com), president of Retire Well Dallas, says consumers […]

Borrowing rates

The IMF for the gradual elimination of ceilings on borrowing rates

The US-based multinational lender, the International Monetary Fund, has suggested that the central bank gradually remove the caps on lending and borrowing rates, saying the practice limits policy space. He also suggested greater exchange rate flexibility as well as safeguarding foreign exchange reserves as this will help cushion external shocks. The cap on lending rates […]

Borrowing money

Costs of the downward trend in the labor market

Posted September 27, 2021 OFTEN described as a ticking time bomb, Nigeria’s explosive unemployment crisis has returned to center stage with the revelation that 20% of people working full time have lost their jobs after the COVID-19 pandemic hit the country last year. A joint survey by the National Bureau of Statistics and the United […]

Borrowing money

MERIDIANLINK: Management Discussion and Analysis of Financial Position and Results of Operations (Form 10-Q / A)

The following discussion and analysis of our financial condition and results of operations should be read together with our condensed consolidated financial statements and related notes appearing elsewhere in this Quarterly Report on Form 10-Q. The following discussion and analysis contains forward-looking statements that involve risks and uncertainties. When reviewing the discussion below, you should […]

Borrowing money

International Money Express, Inc. obtains new loan facility

MIAMI, June 28, 2021 (GLOBE NEWSWIRE) – International Money Express, Inc. (NASDAQ: IMXI), (“Intermex” or the “Company”), a leading money transfer service company, has announced today have finalized the refinancing of its existing secured debt by entering into a new secured term loan facility of $ 87.5 million, a revolving credit facility of $ 150 […]

Borrowing money

Cavco Industries announces the completion of the acquisition of prefab and modular home builder The Commodore Corporation

PHOENIX, September 27, 2021 (GLOBE NEWSWIRE) – Cavco Industries, Inc. (Nasdaq: CVCO) (“Cavco” or the “Company”) is pleased to confirm that, following the announcement of July 26, 2021, the La Company completed the acquisition of the business and certain assets and liabilities of The Commodore Corporation (“Commodore”) effective September 24, 2021. Commodore is the largest […]

Borrowing costs

Corporate borrowing costs would skyrocket if US debt defaults: Moody’s

Diving Brief: Congress’ failure to raise the Treasury’s debt ceiling would cause corporate borrowing costs to soar, wipe out $15 trillion in wealth and add 6 million to the number of unemployed, Moody’s Analytics saidas a partisan deadlock over the debt ceiling persists despite the prospect of a US government default next month. “A default […]

Borrowing costs

‘Painful’ downgrades will increase South Africa’s borrowing costs, minister says

JOHANNESBURG (Reuters) – South Africa’s finance ministry said on Saturday that downgrading credit ratings by Moody’s and Fitch would increase the country’s borrowing costs and limit its budget options. FILE PHOTO: South African Finance Minister Tito Mboweni gestures as he delivers his budget speech to parliament in Cape Town, South Africa, February 26, 2020. Reuters […]

Borrowing rates

BSP cuts borrowing rates to a new all-time low of 2%

Metro Manila (CNN Philippines, November 19) — The Bangko Sentral ng Pilipinas on Thursday triggered another interest rate cut to an all-time low of 2%, hoping lower borrowing costs will support an economic rebound. The Currency Board cut the policy rate by 25 basis points, now the lowest on record, as the Philippine economy remains […]

Borrowing rates

BSP cuts lending rates to new all-time low of 2%

Metro Manila (CNN Philippines, November 19) – The Bangko Sentral ng Pilipinas on Thursday triggered another drop in interest rates to an all-time low of 2%, hoping that lower borrowing costs will support an economic rebound. The Monetary Board cut the policy rate by 25 basis points, now the lowest on record as the Philippine […]

Borrowing rates

The Big 4 banks “constantly, continuously and always” revise lending rates after the big drop in Kiwibank’s variable rates

Kiwibank last week cut its variable and floating mortgage rates by 100 basis points, including real estate loans, variable business loans, revolving business loans and corporate overdraft rates. The move cuts the floating rate on Kiwibank’s home loans to 3.40%, more than 100 basis points lower than the carded or advertised floating rates offered by […]

Borrowing costs

Britain’s borrowing costs turn negative – with huge implications for government policy | Economic news

This has been commonplace for some time now, in countries like Germany and Switzerland, but today the UK has been able to join the enviable ranks of those countries that are effectively in a position to charge investors. the right to lend them. A UK government IOU auction – gilts – saw the Debt Management […]