WASHINGTON, DC, USA (AP) — Stocks notched broad gains Monday, but still posted their worst monthly loss since the early days of the pandemic, as Wall Street closed a tumultuous January wracked by worries that imminent interest-rate hikes will make everything in markets more challenging. The S&P 500 came back
AS Jamaicans brace for new bank fees and charges, credit unions are positioning themselves as an alternative for those seeking reprieve. Robin Levy, group CEO of the Jamaica Co-operative Credit Union League, told the Jamaica Observer that he's encouraging locals who are frustrated with their bankers to consider joining a
WHILE Jamaicans continue to moan about the cost of food, a report published Friday on Bloomberg , a US-based business publication, is suggesting there will be no relief soon. The report titled 'Food Bill Headache', as part of Bloomberg's efforts of “tracking COVID-19's impact on trade”, said getting food on
mid the row between customers and commercial banks on the increase in fees amid the slow economic recovery and inflationary environment, JMMB Group Limited has welcomed the dialogue on fees charged by deposit-taking institutions (DTI) to transact services with their clients. In a release on Monday, JMMB posited its stance
BANKS are issuing assurances that they have introduced products which will allow customers to save on fees. Scotiabank has also delayed planned fee increases for six months, while Jamaica National Bank indicates that fees that were implemented from 2020 still function to guide customer behaviour under pandemic conditions and further
Mexico’s remittances – the money migrants send home to their relatives – have soared in the past two years and are now expected to top US$50 billion for the first time once 2021’s figures are added up. That would surpass almost all other sources of Mexico’s foreign income. But as
The unit trust and mutual fund markets are growing. News earlier this month is that Scotia Investments has launched two new funds and that JN Mutual Funds is also to launch two. Already, there are eight operators of unit trusts, which manage 63 funds; and one mutual fund company, JN
A new study conducted by think tank Caribbean Policy Research Institute, CaPRI, has revealed that the real cause of the slow crawl towards financial inclusion is largely due to banks’ disinterest in tailoring products to meet the needs of society’s most vulnerable. The study titled Cheque In: Increasing Access to
Under pressure, Scotiabank says it will delay increasing the fees for using automated teller machines (ATMs) and point of sale machines for six months. In a statement Monday evening, the bank said during the period, it will continue its public education to ensure that customers are in the best account
