Dear Quentin, I often read your advice column, and now I have questions of my own. For many years my mother was an intelligent, strong businesswoman who worked her way up the corporate ladder and was making a six-figure salary by the time she was in her mid-40s. She also …
Read More »The Moneyist: I’m 28, have zero debt, a 401(k), Roth IRA and $45K in the bank. My parents want me to save for a home. I want a Tesla Model 3. Who’s right?
Dear Quentin, I’ve been flip-flopping back and forth between buying a new car or putting a down payment on my first home. With my parents being very money-minded and keeping a careful eye on my finances (still), I’m caught in a predicament. The original plan was to save up 20% …
Read More »The Moneyist: My partner, 70, refuses to put his bank accounts into both our names. Do I have the right to be offended?
Dear Moneyist, I am 62 and my partner is 70. We have been together for 16 years, living together for 12 of those. We have always had separate bank accounts. ‘In 2008, we lost virtually everything in the Great Recession, and have rebuilt our assets into a reasonable position.’ We …
Read More »: Trump’s longtime personal bankers resign from Deutsche Bank
Two Deutsche Bank employees responsible for lending to President Donald Trump and his son-in-law, Jared Kushner, have resigned. “Rosemary Vrablic and Dominic Scalzi have tendered their resignations to Deutsche Bank effective as of year-end, which was accepted by the bank,” Deutsche Bank AG DB, -0.28% said in a statement Tuesday. …
Read More »: Bank of England keeps rate and asset-buying unchanged, saying outlook is ‘unusually uncertain’
The Bank of England decided on Thursday to leave its key rate unchanged at 0.1% and keep the ceiling of its government bond-buying program at £875 billion ($ 1.1 trillion), as it noted that the U.K. economy is currently developing in line with its expectations. The British central bank, after …
Read More »Market Extra: Bank workers could get COVID vaccines before most Americans
The American Bankers Association is seeking vaccine prioritization for bank tellers and frontline community-bank employees. An earlier version of this story suggested that the industry group was seeking a broader prioritization for the financial industry, including traders. The story has been corrected. Frontline bank employees could get a shot in …
Read More »: Google will let users get digital bank accounts through its mobile wallet
Google is adding new rewards and banking features to its Google Pay wallet. Associated Press Alphabet Inc. will soon let customers apply for digital bank accounts though its Google Pay wallet as the internet giant dives deeper into financial technology. Google announced Wednesday that beginning in 2021, consumers will be …
Read More »: Bank of England extends QE program by £150 billion
(FILES) In this file photo taken on June 17, 2020 A pedestrian walks past the Bank of England in London on June 17, 2020. tolga akmen/Agence France-Presse/Getty Images The Bank of England on Thursday decided to extend the size of its bond purchase program by £150 billion as it warned …
Read More »UK economy “quite likely” headed for more monetary stimulus – Bank of England official
A Bank of England official said Friday that he thought it “quite likely that additional monetary stimulus will be appropriate” in order for the British central bank to reach its official 2% annual inflation target. Michael Saunders, a member of the BoE’s rate-setting Monetary Policy Committee, said in a speech …
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