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Uncertain economic times can drive many consumers to find novel ways to earn additional money. And for those also looking to open a new checking or online savings account, current promotions at some banks provide an additional financial incentive to move their funds now to a new home — as much as an extra $3,000 for a checking account bonus or a saving account bonus. Checking account promotions tend to offer the largest bonuses. That could be because people tend to keep the same checking account for an average of 17 years, according to a Bankrate’s 2023 Checking Fees Survey.…
NEW ORLEANS (WVUE) – The New Orleans Metropolitan Area Association of Realtors (NOMAR) held its annual Forecast Symposium, bringing together real estate professionals to discuss the key factors impacting the housing market.This year’s main theme was the ongoing insurance crisis in Louisiana, which is severely impacting home sales and home affordability.NOMAR President Craig Millambell says rising insurance premiums are a central issue.”Insurance prices are really exorbitant, interest rates are high, the economy is in a downturn, and we have an election coming up. There were a lot of downsides, but the good thing was that homeowners were able to keep…
TD Bank will pay about $3 billion in a settlement with U.S. authorities over lax practices that facilitated money laundering. The bank pleaded guilty to money laundering conspiracy, making it the largest money laundering bank in U.S. history. The big picture: TD Bank’s senior executives recognized the money laundering problem but failed to address it, allowing criminals to exploit the system. The Justice Department revealed that the bank allowed at least three money laundering networks to move a total of $670 million through TD Bank accounts. Multiple criminal activities, including drug trafficking, terrorist financing, and human trafficking, were facilitated by…
A Bank of Korea sign is displayed on top of the central bank’s headquarters building in Seoul, South Korea, on Thursday, August 16, 2018. South Korea’s central bank raised interest rates in its second consecutive meeting on Thursday to combat consumer inflation falling from 13%. The company further raised its forecast that prices will rise to the highest level since 2008.Jiang Chong | Bloomberg | Getty ImagesSINGAPORE — Asia-Pacific markets opened mostly higher on Friday, breaking ground with Wall Street, where major indexes fell as investors digested a sticky U.S. inflation report.Asian investors will also be closely watching the Bank…
Hong Kong-based international fund companies will cut back on selling equity products to investors in the Middle East and Southeast Asia after recent gains in the Hong Kong market piqued interest in Hong Kong, according to the newly elected chairman of a funds industry body. It is said to be under consideration.“By leveraging the recent improvement in market sentiment and Hong Kong’s role as a super-connector between China and the rest of the world, now is the perfect time for Hong Kong fund managers to explore new business opportunities in the Middle East and Southeast Asia. “Sam said. Yu Chun-sing…
Important points I Bond interest rates are adjusted twice a year based on the past six months of inflation. New inflation data released today can be used to calculate the next six-month interest rate for all existing I-bond holders. As expected (because inflation is falling), the next I bond rate will be lower than the current six-month rate, by more than 1 percentage point. For some companies, interest rate adjustments occur as early as November 1st, while for others, they occur between December 1st and April 1st, depending on the month the bond was issued. Masu. With I-bond interest rates…
The city of Oceanside on Wednesday approved adjustments to its homelessness policy to make it easier to remove encampments from public land, following a Supreme Court ruling earlier this year and a recent spate of violence.Last weekend, two homeless men were found bludgeoned to death, one on a riverbed in San Luis Rey and the other on the railroad tracks near Oceanside Boulevard. On September 18th, a third person was stabbed multiple times near a riverbed, but survived. The suspect has not been arrested and it is unclear whether the suspect is connected to the incident.Oceanside City Councilman Ryan Keim…
SPRINGFIELD, Mass. (WGGB/WSHM) – When natural disasters strike, people’s lives and even their homes are forever changed.In the wake of Hurricane Helen and now Milton, people in affected areas are hoping their insurance can fill some of the gaps now.Western Mass News spoke with John Sweeney, owner of John R. Sweeney Insurance in West Springfield, about what steps those affected by Helen’s insurance companies should take next. I explained.”If there’s damage, we’ll have an appraiser come in and give us an estimate, and they’ll pay us based on the cash value. That’s the current value,” Sweeney said.He also explained how…
Every year, new books are published that are worth your time to read over and over again. This year’s standout book is the just-published How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement by Morningstar Director of Personal Finance Christine Benz.While most of us think of the term “retirement planning” as an exercise in determining whether you have enough money to quit your job, Benz takes the concept of retirement planning to a broader level. Ta. An expert herself, she discusses not only financial issues, but also the psychological and practical aspects of retirement planning, with 20…
Leaders of the world’s biggest green energy companies have pledged more than £24bn of new private investment across the UK ahead of a meeting with the Prime Minister on Friday.Keir Starmer will meet green energy chiefs on the sidelines of the first National Regional Council in Edinburgh, days before the government’s international investment summit next week, to discuss multi-billion pound projects. We are planning to discuss.Mr Starmer said the wave of private sector spending was a “huge vote of confidence” in the government’s “relentless focus on driving growth across the UK”, creating thousands of jobs across the UK. .“Whether you…