May 2021

The Federal Reserve is a complex facet of the American economic system. With meetings held eight times a year, the Fed helps dictate how money is regulated. One of its tasks is to set a benchmark interest rate for consumer loans, which…

The order imposing the fine was issued on May 27. In a statement issued on Friday, the Reserve Bank of India (RBI) said it had fined HDFC Bank 10 crore rupees for violating certain provisions of the Banking Regulation Act, 1949. The…

There were more banknotes in circulation in 2020-2021 than the previous year as people hoarded money in the midst of a pandemic, with Rs500 banknotes accounting for over 31% of the total.The share of Rs 500 banknotes, in terms of…

A £ 5 note originally presented to former Prime Minister Harold Macmillan in 1957 sold for £ 22,000 at auction.The note, in a blue leather presentation sleeve, bears the serial number A01 000003.He has hit the high end of his estimate,…

The Turing's had a long relationship with Madras and Alan Turing's parents spent a significant part of their life in India | Image - Eunice Dhivya What do the Bank of England, actor Benedict Cumberbatch, Nandan Nilekani, WWII,!-->…

Ticket printer De La Rue announced today that it had halved its net debt in the year through March 27 with Covid 'turnaround' measures, ahead of the new $ 50 bill. £ from the band slated for release next month.Already in the…

You can potentially use the money from one loan to pay off another. This is called debt restructuring, and it is generally not recommended. If you are a student who is considering using student loan money to pay off other…

French police arrested a group of 10 people for their alleged role in a network of counterfeit euro banknotes in which they sold at least € 300,000 in counterfeit banknotes.The six men and four women were arrested in Marseille, Alençon,…

The Chapter 13 bankruptcy process can take a long time, up to five years! It's repayment bankruptcy, so filers pay according to their trustee's repayment plan. But what if you need a vehicle while you are still bankrupt?…

Experian data shows that first-quarter borrowers took out auto loans for larger amounts, longer terms, and less often from credit unions. Credit unions issued 20% of the number of loans in the three months ending March 31, compared to…