Credit

Global Credit Card Market Size, Share, Trends, Opportunity, and Forecast, 2018-2028F: Exploring the Surge in Private Label Credit Cards and Digital Payment Solutions - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Finance, Mastercard, Visa, Growth, Digital, Loyalty, App Store (iOS/iPadOS), Electronics, Policy, AI, Credit, Compound annual growth rate, Privacy, USD, EMV

The "Credit Card Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Credit Card Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
  • As the financial landscape continually shifts towards digitization and consumer behavior evolves, the Global Credit Card Market is experiencing significant growth, with notable expansion in private label cards and increased adoption of advanced technologies.
  • The market's upward trend reflects the increasing digital payment solutions, such as contactless payments and mobile wallets, as financial services become increasingly digitized.
  • The Asia-Pacific market stands out with robust growth facilitated by the alignment of credit card offerings with the regional demand for digital payment methods.

Northern Trust Asset Management Names CIO of Global Fixed Income

Retrieved on: 
Tuesday, April 2, 2024
Banking, Asset Management, Professional Services, Finance, University, Head, Credit, Multimedia, Economics, Security (finance)

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.18 trillion in assets under management as of December 31, 2023, announced today that Christian (Chris) Roth has been hired as Chief Investment Officer of Global Fixed Income.

Key Points: 
  • Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.18 trillion in assets under management as of December 31, 2023, announced today that Christian (Chris) Roth has been hired as Chief Investment Officer of Global Fixed Income.
  • View the full release here: https://www.businesswire.com/news/home/20240402549159/en/
    Christian Roth, Chief Investment Officer of Global Fixed Income, Northern Trust Asset Management (Photo: Business Wire)
    Roth brings more than three decades of financial industry experience to the role.
  • He joins most recently from Morgan Stanley Investment Management, where he held a variety of global fixed income leadership roles since 1999.
  • Prior to that he served as Head of Multi-Sector Fixed Income, Head of Global Fixed Income and Credit, and Co-Head of the Global and European Fixed Income Team.

Navy Federal Credit Union Now Operates Department of Defense Overseas Military Banking Facilities

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Defense, Insurance, Military, Finance, Banking, Veterans, Active duty, Navy Federal Credit Union, ATM, Community Bank, MBF, Credit, Navy, Bank

Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."

Key Points: 
  • Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."
  • These MBFs are part of the Department of Defense (DoD) Overseas Military Banking Program.
  • MBFs overseas will now be co-branded as "Community Bank, Operated by Navy Federal Credit Union.”
    “The Overseas Military Banking Program fits our core values at Navy Federal and is consistent with our primary mission of supporting Active Duty military members and their families,” said Kara Cardona, COO of Navy Federal.
  • While Navy Federal Credit Union now operates these MBFs overseas, these institutions will remain as separate entities.

Three Smart Ways to Consolidate Credit Card Debt and Boost Your Finances

Retrieved on: 
Tuesday, April 2, 2024
Banking, Personal Finance, Professional Services, Finance, Federal Reserve Bank, Credit, Bank

The Federal Reserve Bank of New York reports total credit card debt in the United States has surged to a record-breaking $1.13 trillion.

Key Points: 
  • The Federal Reserve Bank of New York reports total credit card debt in the United States has surged to a record-breaking $1.13 trillion.
  • At the same time, delinquency rates are rising, particularly among millennials ages 30-39, many of whom are also grappling with student loan debt.
  • “Debt consolidation can be a game-changer for juggling multiple debts and paying off balances in a smart, strategic way.”
    Robbins highlights three effective debt consolidation methods to pave the way to financial stability:
    Consider credit card balance transfers for lower rates: Moving credit card debt to a new card with a lower interest rate can significantly reduce the amount of interest you pay.
  • Balance transfers also allow you to consolidate multiple credit card balances into a single payment, simplifying your finances and making it easier to manage your debt.

myFICO: 5 Tips to Help You Manage Multiple Credit Cards and Protect Your FICO® Scores

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Payments, Technology, Finance, Banking, Personal Finance, Wind, Risk, TransUnion, APR, Eye, Smartphone, Scores, FCRA, FICO, Credit

The average American has 3.84 credit cards according to Experian data, and some credit card rewards enthusiasts have many more.

Key Points: 
  • The average American has 3.84 credit cards according to Experian data, and some credit card rewards enthusiasts have many more.
  • Below are five helpful tips from myFICO to help you use multiple credit cards like a pro.
  • One of the first steps to managing multiple credit cards, indeed to managing your finances in general, is to create a budget .
  • Yet when you have multiple credit cards, monitoring your credit health may be even more critical than usual.

AM Best to Participate and Exhibit at RIMS’ 2024 RISKWORLD Conference

Retrieved on: 
Tuesday, April 2, 2024
Finance, Consulting, Business, Professional Services, Insurance, RIMS, Conference, Risk management, McGuigan, Reinsurance, Risk, ALL, Artificial intelligence, News, Communication, Data, Gamma globulin, PST, AM Best, Walker, Credit, San Diego Convention Center, Delegate

AM Best will participate and exhibit at RISKWORLD—the RIMS 2024 Annual Conference and Exhibition—with sessions that will focus on reinsurance market conditions, cyber risks, artificial intelligence, stress testing and workers’ compensation.

Key Points: 
  • AM Best will participate and exhibit at RISKWORLD—the RIMS 2024 Annual Conference and Exhibition—with sessions that will focus on reinsurance market conditions, cyber risks, artificial intelligence, stress testing and workers’ compensation.
  • Sridhar Manyem, senior director, AM Best, will also deliver a pair of presentations at the conference.
  • Maura McGuigan, managing director, AM Best, will give a presentation titled, “The Critical Function of Effective Stress Testing,” at 3:30 p.m. (PST) on May 7.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Assigns Credit Ratings to Amherst Specialty Insurance Company

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Insurance, Finance, ERM, Risk, ALL, News, Overalls, Ruin theory, Credit, AM Best, RTC, Risk management

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Amherst Specialty Insurance Company (Amherst Specialty) (Addison, TX).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Amherst Specialty Insurance Company (Amherst Specialty) (Addison, TX).
  • Amherst Specialty will become the primary excess and surplus insurance paper to write all new and renewal policies of Risk Theory programs.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Revises Outlooks to Negative for Vermont Mutual Insurance Company and Its Subsidiaries

Retrieved on: 
Tuesday, April 2, 2024
Insurance, Professional Services, Pressure, Risk management, ALL, News, Credit, AM Best, Security Insurance Company, Superior, Calendar

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Vermont Mutual Insurance Company and its fully reinsured subsidiary, Northern Security Insurance Company, Inc. and its fully reinsured affiliate, Granite Security Insurance Company (formerly Granite Mutual Insurance Company).

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Vermont Mutual Insurance Company and its fully reinsured subsidiary, Northern Security Insurance Company, Inc. and its fully reinsured affiliate, Granite Security Insurance Company (formerly Granite Mutual Insurance Company).
  • These companies are domiciled in Montpelier, VT and are members of Vermont Mutual Group (Vermont Mutual).
  • The negative outlooks are based on the declining trend in Vermont Mutual’s risk-adjusted capitalization in recent years, which has placed pressure on its overall balance sheet assessment.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

As Autism in New Jersey Reaches 3rd Highest Rates in Nation, Inspira Health Fills Critical Gap in Providing Diagnoses and Resources for Families

Retrieved on: 
Monday, April 1, 2024
Men, Health, Consumer, Other Philanthropy, Philanthropy, Practice Management, Mental Health, Teens, Parenting, Managed Care, Children, General Health, Women, Nursing, Diagnosis, Assembly, LCSW, Case management, Patient, Mental health, Gold, Research, Child, Credit, CDC, Fracture, RPT, Multimedia, Spectrum, ADC, Family, Parent, State, ASD, Autism spectrum, Vaccine

Inspira Health is proud to announce the opening of its new Autism Diagnostic Center (ADC) to address a critical need in Southern New Jersey.

Key Points: 
  • Inspira Health is proud to announce the opening of its new Autism Diagnostic Center (ADC) to address a critical need in Southern New Jersey.
  • The ADC is designed to offer early testing, diagnosis, and comprehensive resources to children and adults with Autism Spectrum Disorder (ASD).
  • However, other than the newly established diagnostic center, few options and availability exist in South Jersey.
  • Inspira Health’s ADC represents a pivotal step towards nurturing the wellbeing of children with ASD and their families.

Mister Car Wash Successfully Completes Debt Refinancing

Retrieved on: 
Monday, April 1, 2024
General Automotive, Retail, Specialty, Automotive, Credit, MCW, Line of credit, Bank

Mister Car Wash, Inc. (the “Company”) (NYSE: MCW) announced the completion of a series of related transactions in support of a comprehensive plan to refinance its capital structure.

Key Points: 
  • Mister Car Wash, Inc. (the “Company”) (NYSE: MCW) announced the completion of a series of related transactions in support of a comprehensive plan to refinance its capital structure.
  • Through these transactions, the Company extended its debt maturities and improved liquidity to support continued Company growth.
  • Both are a testament to Mister’s strong business and reputation in the capital markets.
  • The transaction provides some added flexibility and liquidity to help drive our planned Mister brand expansion and profitable growth,” said Jed Gold, Chief Financial Officer at Mister Car Wash.