Productive credit under adequate conditions generates a lasting positive impact to the extent that it is an important factor in creating value and boosting the economy; and in low-income, urban and rural sectors, it contributes to reducing poverty. The definition of Popular Economy that the Government has adopted covers all the economic activities of people … Read more
The Vice Minister of Internal Affairs and Police, Jhonny Aguilera, reported yesterday that four senior executives of Banco Fassil were apprehended while being investigated for alleged financial crimes, given that, among other irregularities, they authorized a loan of at least one million dollars to a young woman. 18 years old who did not have the … Read more
New York The bank run at the First Republic Bank (FRB) from San Francisco was apparently more dramatic than initially thought. In March, customers of the institute withdrew deposits of a good 100 billion dollars, as the bank announced on Monday evening when it published its quarterly figures. Total deposits now stand at $104.5 billion … Read more
Credit Suisse clients have withdrawn tens of billions of euros in less than three months. For the year as a whole, the bank expects a significant minus. Customers of the major Swiss bank Credit Suisse cleared their accounts in the months before it was taken over by competitor UBS. In the first three months of … Read more
Hallo, My wife and I would like to buy the house (value approx. €130,000, owned since >30a) from my parents (68, 65, both pensioners) and grant them a limited right of residence and offset the right of residence with the purchase. We have several questions about this and would be very happy to receive your … Read more
State Street and Charles Schwab have recently experienced a significant drop in deposits. The decrease in assets has been attributed to a variety of external factors, including the COVID-19 pandemic and current economic uncertainty. As two of the industry’s largest custodians, these developments raise important questions about the state of the financial market and the … Read more
The Minister of Economy, Sergio Massa, achievement this Thursday in Washington his commitment to receive “fresh money” from multilateral organizations of credit by signing a US$ 200 million loan from the Inter-American Development Bank (IDB). The loan was granted a day before Massa meets with the deputy director of the International Monetary Fund (IMF), Gita … Read more
The National Council rejects federal financial guarantees in connection with the CS takeover. Mitte and FDP fear destabilization as a result of the decision. FDP party president Thierry Burkart in an interview with Nau.ch – Nau.ch Ad the essentials in brief The grand chamber voted no to Credit Suisse loans from the federal government. The … Read more
The high volume of refixed mortgages this year stems from the previously popular five-year interest rate fixation in combination with the tightening of the conditions for obtaining a loan, which the Czech National Bank introduced in the fall of 2018. Many people sped up their purchases then. According to CNB statistics, people borrowed during 2018 … Read more
Currently in the country, banks and dealers offer possibilities to their clients so that they can buy new or used vehicles through credits that can pay in the short, medium or long term. (Read: This is the price of gasoline in the main cities of the country). The requirements, for their part, would depend on … Read more