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Sagicor Financial Company Ltd. Announces Credit Rating Upgrade by S&P Global Ratings

(USD, unless otherwise noted) TORONTO and BARBADOS, Dec. 8, 2020 /CNW/ – Sagicor Financial Company Ltd. (TSX: SFC[1]) “Sagicor” or “Company”) announces that S&P Global Ratings (“S&P”) recently raised its issuer credit ratings on the Company to ‘BB+’ from ‘BB’. As well, the group credit profile (GCP) was revised upward to ‘bbb’ from ‘bbb-‘. The outlook is stable. The full press...

How COVID-19 could disrupt store credit cards

Before COVID-19 forced nonessential retailers to close, consumers faced a familiar interaction at the checkout counter: the store credit card pitch. But with temporary store closures during the spring and ongoing worries about keeping nonessential storefronts open, store employees can’t pitch as many consumers these store cards in person. So what does the ongoing pandemic mean for store credit cards?...

Mexico : Review Under the Flexible Credit Line Arrangement-Press Release and Staff Report

Author/Editor: International Monetary Fund. Western Hemisphere Dept.[1] Publication Date: November 20, 2020 Electronic Access: Free Download[2]. Use the free Adobe Acrobat Reader[3] to view this PDF file Summary: The Covid-19 shock this year has imposed an enormous strain on Mexico. Beside the staggering human cost, the economy faces a historic drop in output and employment and a sharp spike in...

Figure Applies for National Bank Charter From the OCC

SAN FRANCISCO–(BUSINESS WIRE[1])–Figure Technologies, Inc[2]. (Figure™), a leader in transforming financial services through the power of blockchain technology, today announced it has applied for a national bank charter from the Office of the Controller of the Currency (OCC). “Figure is pursuing the charter to reduce the complexity of our business – we’ll have over 200 state licenses next year without...