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Alfred Kelly, CEO of Visa set to retire

Alfred Kelly, CEO of Visa set to retire

Visa Inc. said that Alfred Kelly will step aside as CEO, effective February, and become executive chairman of its board. Ryan McInerney, the company’s longtime President will take over as the ne... Read more

Credit Suisse requests investors for billions post bumper loss

Credit Suisse requests investors for billions post bumper loss

Credit Suisse, maltreated by years of scandals, plans to raise 4 billion Swiss francs ($4 billion) by selling stock while cutting thousands of jobs and spinning off its investment bank to recover from... Read more

General Atlantic looks to increase stake in Indian insurtech Acko

General Atlantic looks to increase stake in Indian insurtech Acko

New York-based growth equity investor General Atlantic is in talks to invest roughly $50 million in Acko, doubling its bet on the Indian insurtech unicorn. General Atlantic is positioning to lead a n... Read more

Risky mortgage debt hit by recession fear amid default concerns

Risky mortgage debt hit by recession fear amid default concerns

Investors are offloading securities sold by Freddie Mac and Fannie Mae that shift the risk of mortgage defaults away from taxpayers, in a sign of growing concern about defaults if risking interest rat... Read more

Swiss National Bank sells the last of its foreign currency purchases

Swiss National Bank sells the last of its foreign currency purchases

The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency in market interventions in the second quarter of 2022, ending an era of heavy foreign currency purchases to... Read more

Shopping for an Auto Loan: 8 Factors to Consider

Shopping for an Auto Loan: 8 Factors to Consider

Shopping for an auto loan can be an overwhelming experience, especially if you don't know what factors you should be looking for. You may have a car in mind and want to find out how much it'll cost y... Read more

Japan intervenes in Foreign Exchange market to stem yen falls after BOJ keeps rates super-low

Japan intervenes in Foreign Exchange market to stem yen falls after BOJ keeps rates super-low

Japan intervenes in the foreign exchange market to buy the yen for the first time since 1998, in an attempt to shore up the battered currency after the Bank of Japan (BOJ) stuck with ultra-low interes... Read more


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