Future Value and the Magic of Compound Interest
adminThe Future Value (FV) Formula is a staple of Finance 101 and Retirement Planning that allows us to estimate the value of current assets at a future date. It is…
Cut it, stop raising interest rates
Danny Crouch pets his dog while sitting in his basement working from home in Arlington, Virginia, on ... May 25, 2023. The pandemic forced Americans to work from home. And…
Interest Rates: ANZ, Commonwealth Bank, NAB announce rate hike after Westpac and RBA
Australia's big four banks have announced that they will raise mortgage interest rates in line with the Reserve Bank's 11th increase.The central bank raised the cash rate by 0.25 percentage…
The ups and downs of interest rates
For the past year, the Federal Reserve has been raising the key fed funds rate to its highest level in more than 16 years. Have you wondered why and how…
Suppose we now have an interest rate/inflation spiral, and it has been created by the Bank of England.
I wrote this tweet yesterday: Suppose we have the highest inflation except for Argentina and South Sudan because the Bank of England has forced companies to raise prices to cover…
TD Bank launches a credit card with zero interest and monthly fee | payment source
TD Bank is responding to consumer demand for installment loans.Christine Muschi/Bloomberg TD Bank says it is responding to objections from consumers who said they prefer simplicity over credit card terms…
Fed: Most banks manage interest rate risk
While higher interest rates have contributed to recent bank failures, high capital levels and moderate risk exposures mean that a large majority of US banks are resilient to potential stress…
Commonwealth Bank raises interest rates to match NAB, ANZ, Westpac
Commonwealth Bank has raised interest rates following four other big banks after the Reserve Bank's latest hike. CBA raised its variable home loan rates by 0.25 percent, in a move…
The European Central Bank raises interest rates again, but only by a quarter of a point
The European Central Bank had a clear message when it raised interest rates by a quarter of a percentage point on Thursday: it's not over yet.Even as the central bank,…
Fed cites interest rate risk in community banks’ enforcement action
The Federal Reserve Board of Governors has issued an enforcement action against an Illinois community bank, citing concerns about liquidity and interest rate risk management, among other topics.The Federal Reserve…