Banking

32 articles with this tag

Paris Bomb Plot Foiled: Three Minors Arrested Culture

Paris Bomb Plot Foiled: Three Minors Arrested

Parisian police have thwarted a bomb attack planned against the Bank of America headquarters in the 8th arrondissement. Three minor suspects have been...

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SoftBank's $40B Loan Signals Massive OpenAI Bet Technology

SoftBank's $40B Loan Signals Massive OpenAI Bet

SoftBank has secured a record $40 billion bridge loan from major global banks to fund its $30 billion commitment to OpenAI, fueling speculation about...

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What Is a Stock Market Correction and How It Works Economy

What Is a Stock Market Correction and How It Works

A stock market correction is a decline of 10% or more from a recent peak. Here's how corrections differ from bear markets and crashes, how often they...

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How Gold Prices Are Set—and Why They Surge Economy

How Gold Prices Are Set—and Why They Surge

Gold prices are set through electronic auctions run by the London Bullion Market Association twice daily, but the metal's value is driven by a complex...

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SCHUFA Reform: New Score Aims for Greater Credit Transparency Living & Furniture

SCHUFA Reform: New Score Aims for Greater Credit Transparency

As of March 17, 2026, SCHUFA will calculate its credit score based on only 12 criteria instead of over 250. Consumers can view and recalculate their s...

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Central Banks Hold Rates as Oil Crisis Rewrites Policy Economy

Central Banks Hold Rates as Oil Crisis Rewrites Policy

The Fed, ECB, Bank of England, and Bank of Japan all held interest rates steady this week, but markets are already pricing in ECB hikes as Brent crude...

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SCHUFA Credit Score Overhaul: New System Uses Just Twelve Criteria Living & Furniture

SCHUFA Credit Score Overhaul: New System Uses Just Twelve Criteria

Starting March 17, 2026, SCHUFA is fundamentally changing its credit scoring system. Instead of over 250 criteria, only twelve factors will determine...

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How the Federal Reserve Sets Interest Rates Economy

How the Federal Reserve Sets Interest Rates

The Federal Reserve steers the U.S. economy by adjusting the federal funds rate through FOMC meetings, open market operations, and key policy tools —...

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How the US National Debt Works and Why It Matters Economy

How the US National Debt Works and Why It Matters

The US national debt recently surpassed $39 trillion. Here's how the federal government borrows money, who holds that debt, and why the growing intere...

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How Wall Street Buys Single-Family Homes—and Why It Matters Economy

How Wall Street Buys Single-Family Homes—and Why It Matters

Large investment firms and private equity funds have purchased hundreds of thousands of U.S. single-family homes since 2012, reshaping housing markets...

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What Is De-Dollarization and How It Works Economy

What Is De-Dollarization and How It Works

De-dollarization is the global push to reduce reliance on the U.S. dollar in trade and finance. Here's how the dollar rose to dominance—and why countr...

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Hungarian Authorities Seize $75 Million from Ukrainian Bankers Economy

Hungarian Authorities Seize $75 Million from Ukrainian Bankers

Hungary's National Tax and Customs Administration (NAV) detained seven employees of Oschadbank in Budapest, who were transporting $40 million, €35 mil...

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