I received an email from First Bank in January prompting me about their transition from LIBOR to ARR. What is LIBOR? What is ARR? What is SOFR? What is the reason for the transition? How does it affect me? LIBOR is an acronym for London Interbank Offered Rate. In layman terms, LIBOR is a daily …
In the world today, the term credit rating is one of the most important things individuals and businesses monitor in their lives as everyone and every business has one. The difference here is that some countries lay more emphasis on credit ratings than others. That being said, everyone has a credit score. Credit ratings are …
When borrowing or investing, we are always concerned about the applicable interests. Borrowers want lower interest rates. Investors want higher interest rates. Interest rate is the cost of borrowing money or the reward for lending or saving money. INTEREST RATES AND YOU FIXED AND VARIABLE RATES: Financial institutions charge fixed or variable rates on loan …
Broadstreet Financial Review 