Don’t ever do this with your credit card

If you have a credit card with a high interest rate, this is the worst mistake you could make. Nearly 40% of cardholders with a rewards credit card carry a balance, according to a new survey from the credit-card website CompareCards.com. The website surveyed more than 1,000 people. And of those who don’t pay their…

Are investors getting more risk with passive bond funds than they bargained for? BIS asks

Are popular exchange-traded funds and other passive mutual funds designed to track benchmark bond indexes inadvertently putting investors at risk? The Bank for International Settlements makes the argument that so-called passively run bond funds, which track an index, may be exposing investors in those funds to more debt than they are aware of. The BIS…