Lower credit scores may lead to $104,000 more in mortgage costs

As today’s prospective home buyers confront high home prices and rising interest rates, there’s one thing they can do to save money — raise their credit scores. “This is one…

Credit Suisse names Ulrich Koerner as CEO, launches strategic review as losses deepen

Credit Suisse on Wednesday announced that CEO Thomas Gottstein would step down as the bank reported a massive second-quarter loss, as poor investment bank performance and mounting litigation provisions hammered…

Wells Fargo Results Miss Estimates on Boost to Credit Loss Provision

Text size Charles W. Scharf, CEO of Wells Fargo, must steer the bank through a tricky period when profits are under pressure. Patrick T. Fallon/AFP/Getty Images Bank earnings season continued…

I want to retire next year, but I have $25,000 in credit card debt and a major monthly mortgage payment — I also live with my three kids and ex

I’ll be 57 next month and am divorced with three kids living with me. One is 28, she’s working, another is 21 and a senior in college (with a full…

Paying Down Credit Card Balances, Emergency Savings and Other Tips

With interest rates rising along with worries about an economic slowdown, now is a good time to pay down credit card balances and bolster emergency savings, financial experts say. The…

Credit Suisse issues profit warning for second quarter

A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit…

Credit Suisse Q1 2022 earnings

Credit Suisse on Wednesday reported a net loss for the first quarter of 2022 and announced a management reshuffle, as the Swiss lender struggles with litigation costs and the fallout…

Here’s why your credit score matters and how to improve it

Peopleimages | Istock | Getty Images In just a matter of months, mortgage rates have surged from just over 3% for a 30-year fixed loan to just north of 5%.…

5 Credit Card Trends to Watch for in 2022

In early 2021, vaccine news had Americans ready to roll up their sleeves, pull off their masks and indulge in a countrywide celebration. But thanks to COVID-19 variants, “Hot Vax…

CFPB signals crackdown on hidden fees for banks, credit cards

Rohit Chopra, director of the Consumer Financial Protection Bureau. Alex Edelman/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Wednesday signaled a broad crackdown on hidden and excessive fees…