All the banks charge Lender Mortgage Insurance when home loans with more than 80% loan-to-value ratios are taken. Let’s get this very clear. This is a very expensive premium. And you pay it to protect the bank if you can’t repay the loan. That’s right, you’re paying an insurance policy that protects THE BANK...
AMP is now facing the Royal Commission into the banking industry, along with the Big Four banks. The finance advice and management giant is being investigated for unsuitable financial advice, improper conduct and inappropriate fees.
A huge part of NAB’s earnings heavily stand on the mortgage market, recent issues with home loans have dealt more than just a heavy blow to NAB. Large amounts of risk come from NAB shares, as of today they are trading at $28.72 a share. Their value has decreased over time.
The price of bitcoin exploded overnight, rising from US$6,870 (AU$8,859.21) to US$8,034.17 (AU$10,360) in an hour, according to prices quoted from Coindesk. There’s no one specific piece of news that can be pointed to as being solely responsible for the sudden jump. Instead, it seems that a number of factors came together at the same time.
Don’t you love how the narrative changes from month to month? Back in the good old days…way back in January 2018, it was all about Trump’s tax cuts and the wonderful effect this would have on stock prices and the US economy. But now, it’s all about trade wars.
What do you do when you’re under political pressure for starting a potentially damaging trade war? You change the conversation and focus peoples’ attention on a real war, and cast yourself as the moral hero. What’s been happening in Syria for the past five years or so has been a disaster, and every major country involved has blood on their hands.
How can one become financially independent? There are many plans that could potentially make you financially free if you are self-disciplined. Things like visualisation and planning can help you reach your goals. Budgeting is also a great way to monitor your spending.
The Commonwealth Bank has suffered unexpected outage that involved customers at cash registers around the country for over a full day. They announced a conclusion to the marathon outrage on its social networks.
This is exactly one of the reasons why a decentralised crypto based system will be better than the centralised banking systems we rely on today. And as you’ll see from my Crypto Tech Investor essay, it’s not the only problem we face when dealing with banks.
Blue Sky Limited [ASX:BLA] shares have dropped by nearly 20% today. Currently trading at US $8.47, down from $10.40 on 28 March. The investment fund’s share price plunged by 9% before it went into a trading halt on Wednesday, 28 March — from $11.43 to $10.40.