Insurance products and plans are crucial for protecting individuals, families, and businesses against financial risks and uncertainties that may arise from unexpected events. Insurance companies offer various types of products and plans that cater to different needs and budgets of customers. In this article, we will discuss some of the popular insurance products and plans…
The rise in US auto debt is worrying, and the surge in auto loan delinquencies is cause for concern. Factors such as high monthly payments, negative equity, extended loan terms, and fluctuation in used-car values have all contributed to this problem. Consumers, lenders, and automakers must work together to find solutions that ensure the stability…
Newrez LLC is a leading mortgage company that offers innovative financial solutions to its customers. The company has been in operation since 2008 and has become a major player in the mortgage industry, offering a wide range of products and services. One of the latest developments in the company’s history is its acquisition of LoanCare…
Signature Bank (SBNY) began focusing on cryptocurrency in its final years, accepting customers from the industry in 2018. By 2021, the bank received over 16% of its deposits from the sector and held reserve monies from the Circle-managed USDC. This strategy proved risky and earned the bank the reputation of a “crypto bank”. Founder DePaolo…
The failure of SVB Financial has highlighted the potential risks associated with uninsured deposits and the need for effective regulation of the US banking system. The implications of this failure extend beyond the individual bank to the wider banking system and the economy as a whole. The concentration of deposits in a handful of systemically…
March Madness has taken hold of the financial markets as U.S. employers added 311,000 jobs in February, another stronger-than-expected showing for the labor market. However, the four biggest U.S. banks lost $52 billion of market value on Thursday, contributing to a broad rout across financial stocks. Job Creation Surpasses Expectations Despite concerns over the pandemic…
The global financial markets are currently experiencing a severe liquidity crunch, with investors selling off stocks and assets in droves. The S&P 500 alone lost a staggering $600 billion in just two hours, highlighting the intensity of the crisis. Cryptocurrency markets were not spared either, with a loss of $40 billion today. Additionally, the four…
SVB Financial Group $SIVB, the parent of Silicon Valley Bank, has experienced a significant decline in its share price, which has triggered a massive selloff in the bank shares. Investors have been dumping their shares in the bank after it announced that it lost nearly $2 billion selling assets, following a larger-than-expected decline in deposits.…
Sustainable investing or investing in Environmental, Social, and Governance (ESG) factors is gaining ground in the financial markets. Despite the market selloff that punished many sectors, sustainable funds that invest based on factors such as companies’ carbon footprints and workforce diversity attracted new investment in 2022. With a flood of capital chasing greener investments in…
Private mortgage in Canada is a viable option for borrowers who cannot secure traditional financing. However, they come with higher interest rates and fees, making them a more expensive option. Private mortgages in Canada are a type of alternative financing offered by private lenders who are not regulated by the government and do not follow…