March 2015 - Intrepid Private Capital Group Financial News Blog

Will Feds Increase Interest Rates?

While there’s been no official confirmation yet, many financial experts say the Federal Reserve is looking to increase interest rates. Even a slight increase would affect anyone looking to buy a car, obtain a mortgage, refinance their current home, apply for a business loan, open a savings account, or even invest in the stock market….

2 US Banks Fail Stress Test

Of the 31 U.S. banks tested in this year’s stress test, 2 have failed. The Federal Reserve conducts a Comprehensive Capital Analysis and Review (CCAR), or what’s more commonly referred to as a “stress test,” of the nation’s leading financial institutions each year to determine whether or not they would withstand a financial crisis. While…

China Cuts Interest Rates Amidst a Weakening Economy

China has cut interest rates for the second time in a three-month period, while the Asian nation battles through a weakening economy. The People’s Bank of China — the government-controlled central bank of China — announced on its website that the lending rate for one-year loans would drop 0.25 percentage points to 5.35%. Furthermore, it…

Will European Banks Fail The Upcoming Stress Test?

The Federal Reserve is preparing its next round of stress tests for several major European banks, including Deutsche Bank AG and Banco Santander. This test, as the name suggests, is designed to gauge banks’ ability to hold up under pressure. While we’re still several weeks away from knowing whether or not the European banks failed,…

Medical Debt Is The #1 Cause of Bad Credit Scores

There are dozens of factors which can influence a person’s credit score, some of which include debt-to-open-credit ratio, payment history (e.g. whether bills were paid on time), credit history, and more. According to a new report, however, the number one source of bad credit is medical-related debt. The Consumer Financial Protection Bureau (CFPB) reports that…