Learn what a compensating balance is, how it can affect loan terms, its role in business borrowing, plus key examples and accounting rules.

Here’s the Bank of Canada’s official statement for its rate decision: Major economies around the world continue to show resilience to U.S. trade protectionism, but uncertainty is still high. In the ...

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s monetary policy decision. Today, Governing Council maintained the policy interest rate at 2.25%. We ...

WASHINGTON, Oct 9 (Reuters) - Nineteen of the World Bank's 25 executive directors issued a joint statement this week affirming their support for the bank's continued work on climate change, defying ...

Better's new HELOC targets small business owners, freelancers, gig workers and borrowers with complex or recently increased incomes, allowing them to use their home equity to offset other expenses. AI ...

Ever scroll through your bank statement and get sucker-punched by a random $35 overdraft fee? You're not alone. U.S. banks raked in over $12.1 billion in overdraft fees and non-sufficient funds fees ...

When Alice ordered at a restaurant and paid a bill totaling $27.96, she was surprised to find that her credit card bill had charged an extra $4.19. It wasn't until Alice's credit card statement ...

If you work with self-employed borrowers, you already know the frustration they face when trying to qualify for a traditional mortgage. Even highly successful business owners often have trouble ...

TD Bank is closing nearly 40 locations this summer after evaluating its existing stores. The Cherry Hill, New Jersey-headquartered national bank confirmed to USA TODAY that after a recent analysis, it ...