Roughly 36 million adults in the U.S. are considered “credit invisible” — meaning they either have no credit history at all or their credit files are so thin that they are virtually unscorable.
AUD/USD Technical Analysis: Resistance Sub-0.79 Holding
NEW YORK, March 25, 2015 /PRNewswire/ -- Transfast, LLC and BRAC Bank Ltd. of Bangladesh today announced that they have partnered to enable Transfast customers to make instant bank transfers into accounts at BRAC Bank – the first-ever instant bank deposit service to Bangladesh by a global money transfer company. "BRAC Bank is one of the leading banks in Bangladesh and a pioneer in sophisticated technology in serving all its clients, and we are excited to offer our customers the ability to deposit money instantly and securely there," says Samish Kumar, CEO of Transfast. Transfast customers can send money online, via mobile or through agent locations around the globe to their friends and family in Bangladesh. Friends and family can receive money direct to their bank accounts, or pick up the money within minutes at thousands of convenient locations throughout Bangladesh.
The U.S. dollar fell against a basket of major currencies on Wednesday after weaker-than-expected U.S. economic data combined with a robust survey of German business morale to drive more unwinding of bullish dollar bets.
BMO Private Bank today released the results of a study examining what retirement looks like for affluent Americans . The study found that a majority plan to retire young and stay active in their later ...
Chicago Fed President Charles Evans said on Wednesday that there was no compelling reason for the central bank to tighten until 2016 adding that a rise in the dollar exerted clear disinflationary pressures.
For the third consecutive year, BMO Bank of Montreal has been recognized by global financial services research firm Celent with a 2015 Model Bank Award for excellence in the digital banking category.
US Dollar May Fall as Fed-Speak Underpins Bets on Rate Hike Delay
EUR/USD Technical Analysis: Rebound Stalls Near 1.10
EUR/GBP Technical Analysis: Resistance Now Above 0.74
USD/CAD Technical Analysis: Support Near 1.24 Back in Play
AUD/USD Technical Analysis: Doji Candle Warns of Pullback
Investors had rushed to cut long dollar positions after the Federal Reserve gave a dovish steer on interest rates last week, sending the greenback crashing back from multiyear highs. U.S. data overnight was modestly dollar friendly, particularly an uptick in underlying inflation which should support the view that the Federal Reserve will raise rates this year. Australia's central bank will release its twice yearly report on the health of the country's banking sector at 0030 GMT.
NEW YORK, March 24, 2015 /PRNewswire/ -- RateWatch , a premier banking data and analytics service owned by TheStreet, Inc. ( NASDAQ: TST ) reported today that 3 month CD national averages dipped back ...
The U.S. dollar rebounded against the euro on Tuesday on persistent bullish sentiment toward the greenback tied to the divergence of monetary policy between the United States and Europe, but the impact of last week's Federal Reserve statement limited its gains. The dollar recovered against the euro after two straight sessions of losses on the view that the Fed will still hike interest rates this year, while the European Central Bank continues with its bond-buying stimulus program.
DETROIT, March 24, 2015 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that Diane Morais will assume the positions of president and chief executive officer of the Ally Bank subsidiary. "Ally Bank has been a great success story for the company, and Di has been a part of that journey since it began," said Ally Chief Executive Officer Jeffrey J. Brown. "Di has helped to develop our leading deposit franchise from its products to the customer-centric philosophy we have become known for.
GULFPORT, Miss., March 24, 2015 /PRNewswire/ -- With National Financial Literacy Month starting April 1, one of America's strongest banks and one of the nation's leading education technology companies ...
FirstBank Holding Company, the Lakewood-based holding company for the second largest bank by deposits in Colorado and the largest locally owned bank, announced that it will begin offering Apple Pay mobile payment services for customers.
In fact, there are plenty of ways to save money without making too many sacrifices. For mutual fund investors, stick with funds that have low expense ratios.
"These survey results show the importance of 'homefitting' – finding a home that is the right fit for you at each stage of your life," said Kate Taylor, Senior Manager, Real Estate Secured Lending at TD. The TD survey found that 33 per cent of Canadians prefer to live in the 'urbs', 31 per cent prefer the 'burbs' and 32 per cent prefer small town or rural Canada. Millennials were the most likely to want to live in a major city (38 per cent), followed closely by Gen X Canadians (36 per cent), but congestion and the high cost of urban living were the main reasons parents and prospective parents from both groups said raising a family there was unappealing.
A wedding should be a joyous occasion filled with love, laughter and maybe some anxiety about everything going according to plan. It's no surprise then that the Pew Research Center reports only 26 percent of the millennial generation between ages 18 and 32 got hitched in 2013 -- 10 percent lower than when Generation X was in the same age range and 22 percent less than baby boomers.
A softer number, as was registered earlier on Tuesday in Britain, could boost expectations that the Federal Reserve will be in no hurry to raise interest rates. San Francisco Fed chief John Williams weighed in on the debate over the dollar's gains, saying the U.S. economy could handle a stronger currency and pointing to the chance of an interest rate rise in June. Other Federal Reserve officials, and new forecasts from the U.S. central bank, have cast doubt on how much more appreciation of the dollar the Fed will easily tolerate and raised speculation it will push back any tightening of monetary policy.
San Francisco Fed chief John Williams was the latest to weigh in on the debate over the dollar's gains, saying the U.S. economy could handle a stronger currency and pointing to the chance of an interest rate rise in June. It last traded at $0.7876, down just 0.1 percent on the day.
The most recent report on consumer expenditures shows that Americans may be cutting back on extra expenses.
Market participants also attributed the dollar's bounce to technical factors and said the greenback may face further long liquidation after the Fed signalled last week that it is in no rush to tighten monetary policy. Traders said the greenback gained a boost after San Francisco Fed chief John Williams reiterated that the Fed should seriously discuss raising rates by mid-year. The dollar also gained a boost after finding some support on technical charts, said Shinji Kureda, head of FX trading group for Sumitomo Mitsui Banking Corporation in Tokyo.
The New Zealand dollar fell broadly after data showed weaker-than-expected manufacturing in the nation's No. 2 market of China, having reached new record highs against the Australian dollar and the euro, and a two-month high versus the greenback. The kiwi traded at 97.21 Australian cents at 5pm in Wellington, having hit a post-float high of 97.82 overnight, from 97.17 cents yesterday. The European Central Bank is now printing money and traders are betting Australia's central bank will cut interest rates again from a record low. "The degree of pullback post the Chinese data was pretty small," said Imre Speizer, strategist at Westpac Banking Corp. "There's every chance we can touch parity with the Australian dollar in the next few weeks.
US Dollar Technical Analysis: Deeper Pullback Seen Ahead
EUR/USD Technical Analysis: 3-Month Trend Line at Risk
EUR/GBP Technical Analysis: Euro Rises to Monthly High
USD/CAD Technical Analysis: Eyeing 2-Month Range Floor
GBP/JPY Technical Analysis: Sideways Trading Continues
EUR/JPY Technical Analysis: Profit Booked on Short Trade
"The market is still positioned long dollars, short euros, so it's vulnerable to any kind of correction," said David Gilmore, partner at Foreign Exchange Analytics in Essex, Connecticut, on the unwinding of long-dollar bets. The euro continued to strengthen against the dollar after European Central Bank President Mario Draghi said he expected consumer prices to rise gradually by the end of the year even if they might remain very low or negative in the months ahead. "Draghi's optimistic comments...added fuel to the recovery in the euro," said Kathy Lien, managing director at BK Asset Management in New York.
Webinar: Scalps Favor Dollar Correction- EUR/USD Eyes FOMC Highs
CHENNAI, India & LONDON & DUBAI, United Arab Emirates--(BUSINESSWIRE)-- Middle East banks are set to increase their share of global transaction banking revenues by at least 25%, according to a survey conducted ...
US Dollar Technical Analysis: Consolidating Downward Reversal
EUR/USD Technical Analysis: Resistance Near 1.10 in Focus
GBP/USD Technical Analysis: Seesaw Below 1.50 Continues
USD/CHF Technical Analysis: Rebound Falters Above Parity
The dollar started trade in Asia on the defensive, after a volatile few days in the wake of the Federal Reserve's dovish steer, which cast doubts on bullish positions in the greenback. The dollar index eased 0.2 percent to 97.696 early on Monday, staying well clear of a 12-year peak of 100.390 set on March 13.
AUD/USD Technical Analysis: Channel Resistance Pressured
EUR/JPY Technical Analysis: Three-Month Trend Threatened
The greenback also ended the week on a sour note against other currencies, with its largest weekly decline in two months against the Swiss franc and yen, two days after the Federal Reserve downgraded its forecasts for growth, inflation and interest rates. Jens Nordvig, Nomura's head of global foreign exchange, said one major reason for the sharp reduction in the Fed's rate forecasts was the strengthening of the dollar since the U.S. central bank's policy meeting in December.
The dollar plunged across the board on Wednesday after the Fed downgraded its projections for growth and inflation, pouring cold water on investor expectations of a June rise in U.S. interest rates. Having dived to as low as 96.628 against a basket of major currencies in the wake of the Fed, the dollar was trading at 98.729 on Friday, down 0.5 percent on the day and on track for its first week of falls in five.
Divergence in JPY-crosses, Letting the Dust Settle in USD
Jane McManus can hardly believe her luck. The New York-based sportswriter for ESPN.com is planning a summer vacation with her family in Ireland (Other OTC: IRLD - news) . With the Superdollar near parity with the euro, airfares to Paris are down 14 percent from a year ago, according to popular travel site Orbitz.
If your business uses credit cards as a primary method of payment, you're missing out if you don't look for a good business rewards credit card.
The greenback plunged across the board on Wednesday after the Fed downgraded its economic growth and inflation projections, signalling it is in no rush to push borrowing costs to more normal levels and pouring cold water on investor expectations of a June rate hike. Having dived to as low as 96.628 against a basket of major currencies in the wake of the Fed, the dollar was trading at 98.952 on Friday, down 0.1 percent on the day on track for its first week of falls in five. Papadavid said she expected the euro downtrend to resume, and BNP Paribas yesterday revised down their euro forecasts to parity with the dollar by the end of this year from $1.05 previously and to $0.95 by the second quarter of 2016.
EUR/USD Technical Analysis: Rebound Rejected Above 1.10
US Dollar Technical Analysis: Attempting to Restart Rally
The Australian dollar is weaker against the greenback despite a sell off of the US dollar late on Friday. At 1700 AEDT on Friday, the Australian dollar was worth 76.85 US cents, down from 77.30 US cents, on Thursday. The Australian dollar dropped one US cent in overnight trade as the greenback recovered from its sharp fall after the US central bank signalled it was in no hurry to raise rates. The Australian dollar rose above 78 US cents on Thursday.
USD/CHF Technical Analysis: Selloff Stalls at Trend Support
AUD/USD Technical Analysis: Channel Top Marks Resistance
EUR/JPY Technical Analysis: Trend Line Caps Rebound
DALLAS, March 19, 2015 /PRNewswire/ -- Comerica Bank today announced it has received 14 national and regional 2014 Greenwich Excellence Awards for Middle Market Banking and Small Business Banking. Greenwich ...
GlobeOne, a new financial technology company, today announced a partnership with InvestaBank and Bankaool that will bring GlobeOne’s mobile banking solution to Mexico later this year.
USD/JPY Old Support Line Provides Resistance