Why Bank Chairman Paul Pester Decided To Establish a Money-Sharing App: The Story of Loop
Paul Pester founded Loop to give friends and family a way of sharing money and avoiding overdraft and other banking fees.
'Do I Pay for My Daughter's Ear Infection or Food': Manager Had $34K Student Debt, Now It's Over $500K
As a senior manager at a pharmaceutical firm, Angela Bolt's student loans began at $34,000, but have grown to an overwhelming $528,152 over the years.
Man Hides $520K Debt From Wife 'To Shield Her From The Stress': What Did He Spend On
Meme stocks, day trading, avoiding money talk, and years of blind spending got this high-earning couple into half a million dollars in debt.
Mom Sells Her $84K Dream Car After Paying Over $40K in Loan Interest Over Three Years
This woman paid over $40K over three years to reduce the principal of her car loan by only $10,000, with the remaining going towards interest payments.
Best First Credit Cards in UK 2024: How To Apply, Eligibility, Card Fees, and More
Learn about fees, credit limits, eligibility, perks, and the role of credit scores when applying for UK credit cards for the first time.
2 Reasons Why People Always Feel Broke During Payday - Even With a Six Figure Salary
Out of US professionals earning at least $175,000 a year, 25% say they are either "very poor," "poor", or "getting by, but things are tight."
London Man Pays $62 Monthly To Live In A Refurbished Dumpster To Avoid High Rent
This London architect started living in a rented dumpster to express his living conditions through art and reduce monthly living costs to extremely low levels.
'Crushing': Biden Unveils Student Debt Plans To Woo Young Voters
US President Joe Biden unveiled fresh plans Monday to reduce student loan debt for tens of millions of Americans, in bid to win over young voters as he seeks reelection in November.
Single Mom of 6 Turned $5 Into a $10M Cupcake Empire: Meet Mignon Francois
After starting her business 16 years ago, Mignon Francois has built a cupcake empire that produces thousands of cupcakes for customers all over the US.
Financial Advisor Shares 4 Chinese Money Principles That Can Help You Boost Your Savings
After China's gross savings rate was measured at 45.9 per cent, Humphrey Yang shares the Chinese secrets to saving money.
Bank Of England Freezes Interest Rate At 16-year High
The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns.
Trump Owes $454 Million For Fraud, But Can He Actually Pay It?
Donald Trump is up against a fast-approaching deadline to secure a half-billion dollar bond as he appeals his financial fraud case, facing possible bankruptcy or the seizure of his assets if he fails.
Bank Of Japan Hikes Rates For First Time Since 2007
Japan's central bank pulled the plug Tuesday on its ultra-aggressive monetary stimulus programme, hiking rates for the first time since the global financial crisis.
UK Awaits Voter-friendly Budget Before Election
Britain's Conservative government unveils a pre-election budget Wednesday that could feature voter-friendly measures as Prime Minister Rishi Sunak's party badly trails main opposition Labour in polls.
'I Earn $19K And Have $80k Debt': 28-Year-Old Drowning In Loans Asks Finance Guru For Advice
28-year-old Substitute Teacher Rashina tells Finance Advisor David Ramsay that she is considering filing for bankruptcy to get rid of her overwhelming debts.
'Fake Love' Crypto Scammers Ensnare US Victims
The "wine trader" wooed her online for months with his flirtatious smile and emoji-sprinkled texts.
The Private Sector Must Continue to Take Charge of Eastern Europe's Economic Development
Eastern Europe's economic development hinges on the continued leadership of the private sector, driving progress and prosperity in the region.
Starmer Faces Rising Criticism Over Plans To Drop £28 Billion Green Investment Pledge
Starmer is expected to argue that it will not affect specific pledges on improving home energy efficiency and decarbonising the national grid by 2030.
Shares In Banking Giants BNP, ING Fall Despite Hefty Profits
Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took the shine off bumper annual profits.
US Fed Rate Cuts Become Question Of When, Not If
The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as inflation edges closer to its long-run target of two percent.
Authorities Investigate £60 Million Student Loan Scam Targeting Higher Education Funding
The illicit scheme allegedly involves the creation of fake student identities and the manipulation of loan disbursements.
Comeback King Elon Musk's Turbulent Year Still Ends With $100 Billion (£78 Billion) Profit
With 2024 around the corner, Elon Musk has cemented his position as the world's richest man.
Bank Of England Holds Interest Rate, Warns On Inflation
The Bank of England on Thursday held its key interest rate and warned it will remain high to tackle inflation, indicating in contrast with the Federal Reserve that cuts were unlikely any time soon.
Bank of England's Financial Stability Report Highlights Resilience Amid Rising Interest Rates
The Bank of England recently released its Financial Stability Report, spotlighting the resilience of UK households and businesses in the face of escalating interest rates.
Women Leaders Have More Business Confidence Than Men
After decades of research into empowering women in business, a PNC survey reveals that the number of women who feel confident in running their business outnumbers that of men.
UK Household Financial Struggles Soar Amid Cost-of-Living Crisis
The latest research from the consumer group Which? unveiled that 9.8 per cent of surveyed households admitted to missing or defaulting on payments for loans, credit cards, housing, or household bills during that period.
Saudi Arabia Says 'Absolutely Not' To Oil Phaseout At COP28
Saudi Arabia's energy minister has slammed the door shut on agreeing to phase out fossil fuels at the UN's COP28 climate talks, setting the stage for difficult negotiations in Dubai.
Sunak Accused of Misrepresenting UK Climate Aid Ahead of COP28 Attendance
Charities and NGOs accuse the government of changing how it calculates climate spending to claim it will exceed targets.
UK To Probe Of UAE-backed Takeover Of Telegraph
The UK government said on Thursday it had triggered a formal probe on public interest grounds into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund.
UK Government To Intervene In the Telegraph Takeover Deal As Tories Worry About the Newspaper's Operations
Several Tory MPs have urged the UK government to intervene in the Telegraph takeover deal by UAE-backed investment fund, resulting in the Media Secretary writing a hard-hitting letter to the involved parties.