The Financial Supervisory Authority of Norway (the FSAN) has published its Annual Report for 2014. The full report is to date only available in Norwegian. In the following we present a brief summary of the most important events and developments from 2014 within banking and finance, insurance and pensions, and the securities area.

I. OVERVIEW OF IMPORTANT EVENTS IN 2014

Click here to view the table

II. BANKING AND FINANCE

The FSAN reports that Norwegian banks have had sound profits in 2014. The banks results are also considerably better compared to last years results. The main contributor to the improved results is higher net rental income caused by lower financing...

SAN FRANCISCO-(BUSINESS WIRE)-Vouch, the first social network for credit, today introduced an entirely new model to lending that makes it easy for consumers to improve their creditworthiness and get better rates on loans. The company is pioneering a network that helps borrowers who believe they are worth more than their credit score to pool and share their creditworthiness. With nearly every consumer today participating in the modern credit system, Vouch believes it is time for a universal shift towards proactive and collaborative credit enhancement.

“Forty million Americans are paying too much for loans. This represents billions of dollars in interest that should be staying in their...

Before we discuss saving, I feel that I must quickly revisit two of our favorite subjects.

Credit card debt, which guarantees that you will pay more for everything that you do and buy with interest payments of dollars that will be lost to you forever, is on the rise. Not a surprise. The economy is getting better, so we can return to buying #x201c;stuff#x201d; that we can#x2019;t afford and believing, once again, that if we can afford the monthly payment, we can afford the debt. So, credit card debt reached $733 billion in 2008 before the recession; went down to $591 billion in 2011; and is now up to $629 billion.

Then...

In an effort to improve the financial literacy of upcoming generations, MasterCard has created the in reach program to teach Millennials how to better manage their money and their careers. The information provided in the program is derived from a partnership with LinkedIn and The Wall Street Journal.

MasterCard asserts that by 2017, Millennials will have more spending power than Baby Boomers, but most of them are unaware of how to properly save and allocate their money. MasterCard and its partners have teamed up to create a series of tools cardholders can use to better plan for the future.

Millennials will be the largest generation in the workforce in 2015, yet the differences...

PITTSBURGH If youre carrying a gasoline-branded credit card in your wallet, you might want to throttle back.

While fuel cards can be a smart option in special cases, in general youll do better pumping up your rewards with another type of card.

Gas cards are the dull, boring sedans of the credit-card world, said Matt Schulz, senior analyst with the credit-card comparison site Creditcards.com. For most consumers, theyre not a good deal, he said.

In general, gas cards have minimal rewards, paltry sign-up bonuses, extra hoops to jump through, and higher interest rates compared to general-purpose cards, he said.

The typical gas card offers a 10-cent-per-gallon discount,...

After an unblemished and virtually stress-free ride running commodities at JP Morgan, Blythe Masters decided to put down stakes in a business sector that would almost certainly keep her under the radar of most regulators.

Blythe Masters, who until last year was the head of JPMorgan’s giant commodities unit, is joining Digital Asset Holdings, a Bitcoin-related start-up that is looking to use Bitcoin’s underlying technology to streamline financial transactions.

And now shes staffing up, surely looking for a few compliance superstars, or maybe financial visionaries to help her build credit default swaps on the block chain.

The...

Its already hard enough to find an affordable home or apartment to rent (especially if you live in one of these cities). Rental prices are rising fast around the country, even in unexpected places like Kansas City and Portland. But as more people turn to online help to find a decent home, there are more scams and gotchas to worry about, too.

First, let’s look at prices. Nationwide, rents are up about 3% in the past year, according to Zillow, with median rental cost at $1,350 monthly. That increase is not out of line with historical trends, but as we say often, all real estate is local. And in most major markets, rents are up a lot more than that. Seattle is up 5%. Charlotte is up 6%. Portland,...

Congratulations, college Class of 15. New government unemployment numbers make your decision to get a college degree look smart: Unemployment was 5.5 in February, a low number that looks especially good compared with unemployment rates above 9 percent in the recession. For college graduates, joblessness was even lower: 2.7 percent.

Heres the next smart move to make: Have a strategy for using credit and growing your credit score.

Why worry about your credit score?

Youve got a lot on your mind right now. Do you really need to bother pumping up your credit score?

Ive had my fair share of mistakes when it comes to personal finance. Last week I wrote a post about how online poker changed how I view money. I was spending money like there was no tomorrow, splurging on unnecessary items, and didnt save a single penny of winnings.

Ten years later, I look back and think about how things wouldve been different. I play out these what if scenarios in my head thinking that Id have a more sizable retirement account, or Id be traveling around the world in the most exotic destinations.

This certainly isnt the case. Id be lying if I told you that I didnt regret some of the poor financial decisions that Ive made, but what Ive learned from these mistakes...

Spring is here already. Are you lining up your finances for a home purchase this year? And are you not sure whether to put more money toward paying off other debts or your upcoming down payment? Here’s how to figure out the best strategy to improve your figures.

Here are some key questions to ask yourself:

  • How much house payment can I manage while still being able to save money?
  • How much house payment can I manage while saving money and paying off my consumer debts?

If you have access to the extra cash, you have choices on how much house payment you can really handle to best position yourself for the long haul so you’re not married to your...