Former Credit Suisse chief Tidjane Thiam defends his record

Former Credit Suisse chief executive Tidjane Thiam has defended his record at the Swiss lender despite the litany of crises that have hammered the bank since his departure.

Shares in the group hit a 30-year low on Tuesday morning, extending their decline to more than 35 per cent since the bank announced a radical restructuring and SFr4bn ($4.2bn) capital raise last month.

A year after Thiam left Credit Suisse in 2020 following a damaging corporate espionage scandal, the bank was forced to close $10bn of supply chain finance funds linked to the defunct company Greensill Capital. It was also hit

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How your credit score affects the cost to finance a car

Tim Boyle | Bloomberg | Getty Images

Although prices for new cars are moderating a bit, financing a vehicle purchase hasn’t been getting any cheaper.

With the Federal Reserve’s latest interest rate hike — the sixth this year — auto loans are poised to become even more expensive. The Fed’s move has a ripple effect, generally causing rates to tick up on a variety of consumer loans and credit lines (and some savings accounts).

The average price of a new car is about $45,600, according to a recent estimate from J.D. Power and LMC Automotive. That’s down from a July

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How I got to a perfect 850 credit score

Getting a perfect FICO credit score of 850 isn’t easy, but after years of good credit behavior, personal finance coach Lynnette Khalfani-Cox achieved it in 2021.

A perfect score is rare — just 1.6% of Americans have one, according to FICO. And for Khalfani-Cox, The Money Coach and author of “Zero Debt: The Ultimate Guide to Financial Freedom,” getting a perfect score wasn’t necessarily a specific goal. 

Previously, her score was “in the high 800s.” And she was fine with that, since any FICO score 800 or above is considered “exceptional” by the three major credit bureaus. Even without a

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15 of the best personal loans for bad credit

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A personal loan may be more expensive when you have bad credit. Shopping around could help you get the best possible deal. (iStock)

Bad credit can make it harder to get a personal loan. And you’ll almost certainly pay more for it than someone with an excellent credit score

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How ‘Buy Now, Pay Later’ Loans Can Decrease Your Credit Score

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

When Ryan Stanton was moving into his new apartment after graduating from college, he opted to buy some household items he needed through ‘buy now, pay later’ providers Affirm, Klarna and Afterpay.

Rather than paying one lump sum or putting it on a credit card, he opted to split up the cost of his exercise gear, clothes, pillows and a watch into installment

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