Tag Archives: Credit

72 Percent of Small Business Owners Don’t Even Know Their Credit Score, Survey Says

Business credit scores are one of the key factors determining whether or not an enterprise qualifies for a loan. Yet surprisingly enough, most businesses don’t even know what their scores are. This astonishing revelation has come from a new survey by Manta, an online community for small business owners. The survey has found a majority (72 percent) of small business ... Read More »

Biggest share of UK lenders since 2008 plan to tighten supply of consumer credit – Bank of England

More British lenders plan to rein in the supply of credit to consumers in the next three months than at any time since the 2008/09 financial crisis, according to a Bank of England survey that may add to concerns about the economic outlook ahead of Brexit. A net balance of 18.8 percent of British lenders expect to tighten the availability ... Read More »

U.S. convicts Russian hacker in credit card theft scheme

Jurors in a U.S. federal court have convicted a Russian hacker of stealing and selling more than 2 million credit card numbers. On Thursday, the jury in Seattle found Roman Valerevich Seleznev guilty of charges related to his hacking of point-of-sale systems. Seleznev was arrested in 2014 after U.S. authorities accused him of installing malicious software on point-of-sale systems in ... Read More »

Here are 10 top stock picks from Credit Suisse

Credit Suisse put out a note to clients Wednesday that it called a “one-stop shop for the research team’s best ideas.” With the S&P 500 basically unchanged for the year, the clients could use the help. Read More »

Credit Suisse posts loss, CEO says ‘buy banks’

Credit Suisse on Thursday posted a pre-tax loss for last year after a challenging fourth quarter in which it took substantial charges and warned it expected markets to remain volatile throughout the remainder of 2016. CEO Tidjane Thiam said only time – most likely a couple of quarters – would help to restore calm on the markets. “The slowdown in ... Read More »

Embracing Credit card merchant services

Are you a business person and you are yet to start accepting plastic money in your business? You are lagging behind. It’s about time you embraced merchant services for credit cards processing. Clients recently aren’t comfortable with carrying huge sums of money when going to shop. The fear of losing it to thieves or other unexplainable circumstances is huge. They ... Read More »