Creditworthiness - how banks assess borrowers before granting a loan

My experience shows that many people search the internet looking for explanation on how the banks assess creditworthiness of the potential borrower before granting a loan. Below I am explaining this issue shortly. It’s quite important, because before the 2008 crisis there were many too many loans given to clients who shouldn’t have received it. Every [...]

Is it good that central banks still decrease interest rates?

In last weeks many central banks all over the world were cutting interest rates - some of them very sharply. In the beginning of October there was a broad action of central banks (FED, ECB, central banks in UK, Switzerland, Canada and Japan) who decreased the interest rates. Later on there were further cuts in [...]