How to choose The Best Credit Card

The terms "mileage" and "cash-back" are often bounced around when talking about credit card rewards programs, but not many people understand their full meaning. The fact is, many people are enticed by the rewards program a credit card has to offer.

Mortgage Refinancing, support bank's for you !

Nearly 80 percent of all mortgage applications are for refinancing now, according to the Mortgage Bankers Association, a near-record level. Why is the figure so high? Two reasons. First, demand for refinancings is up because homeowners want to take advantage of the historic low interest rates to reduce their monthly payments. Second, there are still very few new purchases as the housing market tries to recover. “When rates go down, it doesn’t spur homebuying, it spurs refinancing,” says Guy Cecala, publisher of Inside Mortgage Finance.

Сredit cards Fees reduced for increasing number of travelers!

Frequent travelers probably know that you can get slammed by foreign transaction fees if you use your credit and debit cards overseas.  However, it has become easier to avoid these charges as more card issuers have dropped them in a quest to boost their market share.

The UK’s big banks have renewed their lending SME

The UK’s big banks have renewed their lending squeeze, according to the Federation of Small Businesses (FSB), with four in 10 of Britain’s smaller enterprises refused credit in the last three months.

Moody's lowered the ratings of the 15 largest banks in the world

NEW YORK (AP) — Moody's Investors Service lowered the credit ratings of 15 the world's largest banks late Thursday, including Bank of America, JPMorgan Chase and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking.

Reduced trust leads to a decrease in lending for SMEs

The UK’s big banks have renewed their lending squeeze, according to the Federation of Small Businesses (FSB), with four in 10 of Britain’s smaller enterprises refused credit in the last three months.

Mortgage rates are unchanged!

Mortgage Rates were nearly unchanged to slightly higher depending on the lender in question.  The pre-rounded average from our best-execution calculation barely budged today and only moved on the rates page due to crossing over the mid-point and rounding to the next 0.01 higher.  Lenders' rate sheets have been fairly diverse recently, but took steps to become less stratified today.  In other words, rates between lenders grew more similar, and 3.625% continues to be the current Best-Execution rate for Conventional 30yr Fixed loans.

New database against credit card issuers!

Details of complaints filed against credit card issuers will be made public for the first time beginning Tuesday morning when the federal consumer watchdog agency launches a new database.

Anyone with access to the Web will be able to go online and find out what credit card holders are complaining about and why. It's a move applauded by consumer groups that want transparency in banking, but met with trepidation by lenders, who say anyone with a beef -- legitimate or not -- can file baseless complaints that can potentially harm a bank's reputation.

Policy changes free overdraft facilities

Lloyds TSB is proposing to introduce or increase interest and fee-free amounts on planned overdrafts across its mainstream current accounts.
From 2nd October 2012, the bank will:

Interest rate unchanged, says at Board of the Bank of Japan

The Policy Board of the Bank of Japan has announced that it has decided to leave the country’s interest rate unchanged, at between 0% and 0.1%.

The decision, which was made unanimously, comes as the bank has indicated it will be paying particular attention to events in Europe.

Silicone Valley Bank branch soon to London!

Silicon Valley Bank, which describes itself as a financial partner to the technology, life science, cleantech, private equity and venture capital industries, opened a branch in London today, to serve both local and international businesses.

Select Master Data Management Software for Crédit Agricole S.A. Group

As part of the Group-wide agreement, LCL will launch its first MDM project to manage finance and accounting master data.

BOSTON & PARIS--(EON: Enhanced Online News)--Orchestra Networks™, the Master Data Management (MDM) software vendor, today announced that Crédit Agricole S.A. Group selected its EBX5 solution to manage its master data.

Contributions to "treasure" more popular than investing finance

Only 11% of UK “treasure” assets, which include items such as precious jewellery, fine art, wine, antique furniture, classic cars and precious metals, are held for financial reasons, according to a new report from Barclays.

Use fees for credit cards to the maximum!

For people who use their credit cards primarily for rewards, there's no shortage of good card options. From miles to merchandise to mortgage payments, rewards can take almost any form -- though that doesn't necessarily mean that card issuers will make racking up rewards painless.

China's economy hasn't foreign banks!

Walt Disney (DIS) didn’t have trouble raising money for its $4.4  billion theme park in Shanghai. After it won approval in 2009, a dozen Chinese banks sprang into action, offering $2 billion in loans and promising more. Foreign lenders, limited by the Chinese government in how much they can lend, watched from the sidelines. The size of the deal put it beyond their reach.

Spain in the field of crisis!

As Greece prepares for a June 17 election that may determine whether it exits the euro, the attention has shifted to Spain, where the problems are different—and much larger. Greece’s troubles stem from excessive government borrowing; Spain suffers from a property bust and its banks remain crippled by an estimated €184 billion ($230 billion) in troubled real estate assets. The government is struggling to devise a rescue plan as the country grapples with a deepening recession and 24 percent unemployment.

Reward points to your credit card with the help of PointsPay

Could this be the year we can start spending our frequent flier miles and loyalty rewards like cash?

When American Express Rewards launched "Pay With Points" eight years ago, rewards experts and frequent fliers began predicting that miles would become a spendable currency. The program allowed AmEx rewards holders to spend their points like cash at Amazon.com. Yet the phenomenon never expanded beyond American Express rewards and Amazon -- until now.

The launch of new schemes of small business lending

The Government is asking for applications to manage £500 million of investment available through the Business Finance Partnership (BFP), a new scheme that aims to ease the flow of credit to small and mid-sized enterprises by diversifying their sources of finance and making them less reliant on banks.

Banks are not ready for Risk Analytics in the Cloud!

Banks have been reluctant to handle data-heavy tasks such as credit risk analytics in the cloud, for understandable reasons. But firms such as CubeLogic hope this will change, given the rapid pace of new regulations, heightened risk management mandates and the potential of external economic shocks that can potentially change a bank’s exposure to potential credit peril faster than traditionally deployed risk systems can handle.

In FSA requires companies display a mechanism of compensation of deposits

From the 31st August 2012, the Financial Services Authority (FSA) will require all banks, building societies and credit unions to prominently display posters and stickers in branches and on websites explaining which deposit guarantee scheme applies to their customers’ deposits.