Connect with us

Finance

What does Credit Suisse’s request for support from the Swiss central bank mean for its investors?

Published

on

Attention all investors! Credit Suisse’s recent request for support from the Swiss central bank has sent shockwaves through the financial world. As one of Switzerland’s largest banks, this move raises questions about its stability and potential impact on shareholders. So, what does it mean for you as an investor? Sit tight as we dive deeper into the implications of this bold move.”

What is Credit Suisse?

Credit Suisse is one of the world’s largest banks, with operations in more than 50 countries and a global workforce of over 46,000 people. It has a long history dating back to its founding in 1856, and today it ranks as one of the top 10 banks in the world by assets.

In recent years, Credit Suisse has been embroiled in a number of scandals, including its involvement in the 1MDB scandal and its role as a major lender to collapsed Swiss bank Lehman Brothers. These issues have led to increased scrutiny from regulators and lawmakers, and in 2019 the bank was fined $4.5 billion by the US Justice Department for helping wealthy Americans evade taxes.

Despite these challenges, Credit Suisse remains a powerful force in the global banking industry, and its request for support from the Swiss National Bank (SNB) is a sign of its continued commitment to its home country. The SNB has agreed to provide up to $10 billion in funding to Credit Suisse, which will be used to help cover any losses incurred by the bank as a result of the coronavirus pandemic.

This move provides some much-needed stability for Credit Suisse and its investors during these uncertain times, and underscores the strong relationship between the bank and the SNB.

Advertisement

What is the Swiss National Bank?

The Swiss National Bank (SNB) is the central bank of Switzerland and is responsible for the country’s monetary policy. The SNB is also a member of the European System of Central Banks (ECB).

The SNB was founded in 1848 as the Swiss Confederation’s central bank. Its main task was to stabilize the Swiss franc. In 2015, the SNB introduced a negative interest rate on sight deposits in an attempt to ward off deflationary pressures and support economic activity.

In 2018, Credit Suisse announced that it would seek financial support from the SNB in order to maintain its dividend payments to shareholders. This request came as a result of Credit Suisse’s 2018 losses, which were caused by write-downs on U.S. corporate debt and other factors.

The SNB has not yet decided whether or not to provide Credit Suisse with financial assistance. However, if the SNB does provide Credit Suisse with support, this could have implications for the bank’s investors.

What does Credit Suisse’s request for support from the Swiss National Bank mean for its investors?

In the wake of Credit Suisse’s request for financial support from the Swiss National Bank, investors are wondering what this means for them.

Advertisement

For now, it is business as usual at Credit Suisse. The bank has said that it remains committed to its clients and is working to minimize the impact of the current situation on them. However, it is still unclear what the long-term implications of this move will be.

Investors should keep a close eye on developments in the coming weeks and months. In the meantime, they may want to consider diversifying their portfolios to mitigate any potential risks.

How will this affect Credit Suisse’s share price?

Credit Suisse’s share price is likely to be affected negatively by the news that the bank has requested support from the Swiss central bank. This is because investors will perceive the bank as being in a weaker financial position than they had previously thought, and this could lead to them selling their shares. However, it is also possible that the share price could recover if Credit Suisse is able to successfully raise the capital it needs and stabilise its financial position.

Conclusion

Credit Suisse’s request for support from the Swiss central bank can have a major impact on its investors. The additional liquidity provided by the central bank is necessary to help reduce uncertainty and provide stability in financial markets. Investors should carefully consider how this decision might affect their investments and assess any potential risks before making any further decisions. Although the future of Credit Suisse remains uncertain, it is likely that with a bit of patience, there will be opportunities for long-term growth available to those who remain loyal to the company during these difficult times.

 

Advertisement

Author

Continue Reading
Advertisement

Finance

Mutual Fund Software for Tracking Loans in India

Published

on

By

Reviewed
By Olivia Frances

Mutual Fund Software for Tracking Loans in India

Introduction

When investors need quick liquidity, they don’t always want to redeem their mutual fund units. Many prefer a smarter option Loan Against Mutual Funds (LAMF). It’s faster, cheaper than personal loans, and allows them to stay invested while accessing funds.

But for MFDs, the real challenge was always this: “How do I track my client’s LAMF transactions easily?”

Until recently, this meant switching platforms, manually checking updates, coordinating with lenders, or asking clients to forward emails or screenshots. It slowed down your advisory process, created gaps in communication, and made portfolio analysis incomplete.

That’s exactly where modern mutual fund software in India has changed the game. Today, MFDs can view and track all Loan Against Mutual Fund (LAMF) transactions directly inside the same software where they already manage mutual fund portfolios making your workflow smoother, faster, and significantly more organised.

Let’s break down why this matters and how it helps you deliver better service.

Advertisement

Why Tracking LAMF Transactions Matters for MFDs

  • LAMF is becoming increasingly popular among investors because:
  • It gives funds instantly without affecting long-term wealth creation
  • It avoids capital gain taxes since no redemption happens
  • It offers lower interest rates compared to personal loans
  • It keeps the investor’s financial plan intact

But the moment a loan is availed, it becomes part of the investor’s financial picture. And if you can’t view it, you’re always advising with missing information.

When you track LAMF activity inside the top mutual fund software in India, you instantly know:

  • How much loan the investor has taken
  • Which scheme is pledged
  • When the loan was created
  • Any top-ups or closures
  • Outstanding balance
  • Units pledged vs free units

This helps you:

  • Give better advice
  • Prevent unnecessary redemptions
  • Manage risk exposure
  • Maintain a clear understanding of the investor’s liquidity

A complete portfolio view = better planning and smarter conversations.

How Back Office Software Makes LAMF Tracking Seamless

1. See All LAMF Transactions in One Place

Instead of going through lenders or external portals, you get a single consolidated view of all LAMF transactions directly inside your software with REDVision Technologies.

You can quickly see:

  • Loan creation date
  • Loan amount
  • Pledged schemes
  • Top-ups
  • Closures
  • Status updates

This saves time and reduces the dependency on clients for updates.

2. No Manual Follow-ups Needed

Earlier, you relied on investors forwarding loan-related emails, updates, or repayment confirmations. Now, the software captures all the data in real time no missed updates, no confusion, no delays. This keeps both you and your investor stress-free.

3. Better Portfolio Planning & Risk Management

Having visibility of pledged units helps you understand:

Advertisement
  • How much of the portfolio is locked
  • Whether a redemption may trigger a margin call
  • If excessive leverage is being taken
  • Whether it’s safer to move money, switch funds, or rebalance

This allows you to guide investors responsibly especially during volatile market phases.

4. Helps Prevent Accidental Missteps

When you clearly see which schemes are pledged, you avoid suggesting actions that could jeopardize their loan status.

Example: Suggesting a switch or redemption from a pledged scheme without checking LAMF status could cause a margin call or auto-repayment. Software visibility prevents these mistakes and protects investors.

5. Offers a Clear History for Reviews

During portfolio reviews, you can show:

  • Past loans
  • Current outstanding
  • Changes in pledged units
  • How the loan impacted total portfolio value

This level of transparency helps investors understand their decisions better and trust your guidance even more.

Why This Matters for MFDs Today?

LAMF adoption is rising every year investors are using it for:

  • Business cash flow
  • Short-term emergencies
  • Home down payments
  • Education fees
  • Medical needs

As more investors choose LAMF over traditional loans, MFDs must be able to track it seamlessly and accurately. A wealth management software that shows LAMF transactions:

  • Saves time
  • Reduces operational pressure
  • Helps you deliver informed advice
  • Improves investor confidence
  • Gives you a complete financial picture

And most importantly, it strengthens your role beyond mutual fund distributors to full financial partners.

Conclusion

Loan Against Mutual Funds is becoming a mainstream option and MFDs who track it efficiently can guide investors much better. Software now makes this effortless by offering a clear, consolidated view of all LAMF transactions in one place.

Advertisement

You no longer depend on external platforms or manual updates. You get complete visibility, smarter planning, and a stronger advisory relationship.

When investors trust you with their liquidity decisions, you become a long-term part of their financial journey and tracking LAMF transactions easily is a big step in that direction.

Read More: Mutual Fund Software in India Improve Hierarchy Management

FAQs

Q1. What is Loan Against Mutual Funds (LAMF)?

It is a loan taken by pledging mutual fund units as collateral. Investors get funds without redeeming their units.

Advertisement

Q2. Why should MFDs track LAMF transactions?

LAMF affects the investor’s portfolio structure, liquidity, and risk. Tracking helps you give accurate and responsible advice.

Q3. How does back office software help with LAMF tracking?

It shows all LAMF transactions loan amount, pledged schemes, top-ups, closures in one place, eliminating manual follow-ups.

Q4. Does tracking LAMF improve portfolio planning?

Advertisement

Yes. It helps you avoid incorrect redemption/switch suggestions, manage risk better, and ensure the investor’s loan and portfolio stay aligned.

Author

Continue Reading

Business

QuickBooks Error 1712: Quick Troubleshooting Tips Full 2026 Guide

Published

on

By

Reviewed
By Avery Green

Quickbooks Error 1712

Introduction

When installing or updating QuickBooks Desktop, many users suddenly face QuickBooks Error 1712, which usually appears with a message saying: “Error 1712: One or more of the files required to restore your computer may be damaged.”

This error often frustrates users because it prevents installation and stops QuickBooks from running smoothly. In this guide, we break down Error 1712 QuickBooks, what causes it, and how to fix it quickly with simple, actionable steps. You’ll also see where QuickBooks Install Error 1712 and QuickBooks Update Error 1712 occur in real scenarios.

What is QuickBooks Error 1712?

QuickBooks Error Code 1712 is an installation-related error that appears when the operating system, registry files, or QuickBooks installation directories get damaged or corrupted.
It mostly happens when:

  • You install QuickBooks in a damaged folder.
  • You uninstall or reinstall QuickBooks incorrectly.
  • You recently installed new software that conflicted with QuickBooks.

This is why many users encounter QuickBooks Install Error 1712 right after an update or clean installation.

Main Causes of QuickBooks Error 1712

Below are the most common reasons behind the issue:

1. Corrupted Windows Registry Files

Windows registry corruption can break installation paths, triggering QuickBooks Error Code 1712.

Advertisement

2. Previous QuickBooks Installation Not Removed Properly

Leftover files block the new installation and cause QuickBooks Install Error 1712.

3. Broken System Components

Damaged system components or unstable OS files often lead to installation failures.

4. Malware or Virus Interference

Malicious programs can damage application folders and create conflicts.

5. Installing QuickBooks on a Corrupted Folder or Drive

Damaged sectors or incomplete installations are the #1 reason for QuickBooks Update Error 1712.

How to Fix QuickBooks Error 1712: Quick Troubleshooting Tips

Below are the most effective, tried-and-tested methods to resolve QuickBooks Error 1712 quickly.

Advertisement

1. Restart Your Computer (Simple but Effective)

A fresh system reboot clears temporary installation files and removes system conflicts.
Try installing QuickBooks again after restarting.

2. Use QuickBooks Tool Hub (Best Method for Error 1712)

QuickBooks Tool Hub automatically fixes damaged installation files.

Steps:

  • Download the QuickBooks Tool Hub (latest 2026 version) from Intuit’s official site.
  • Open the Tool Hub and select Installation Issues.
  • Click QuickBooks Install Diagnostic Tool.
  • Let it scan and repair the components.
  • Restart your computer after the repair.

This method resolves QuickBooks Install Error 1712 in most cases.

Read More: https://contrank.com/

3. End Background Processes Interfering with QuickBooks

Sometimes background processes block installations.

To fix:

  • Press Ctrl + Shift + Esc.
  • In Task Manager, stop processes related to QuickBooks or Microsoft Installer.
  • Try installing QuickBooks again.

If another app is locking system files, this will prevent Error 1712 QuickBooks from appearing.

4. Repair Windows Registry Files

Damaged registry files can directly cause QuickBooks Error Code 1712.

Advertisement

Steps:

  • Press Windows + R → type regedit → press Enter.
  • Export your Registry files for backup.
  • Run a registry cleaner (use Microsoft-recommended tools only).

Be careful while editing Registry files.

5. Reinstall QuickBooks in Selective Startup Mode

Selective startup ensures no background apps interfere.

Steps:

  • Press Windows + R → type msconfig.
  • Go to Selective Startup and uncheck Load Startup Items.
  • Restart your PC.
  • Install QuickBooks again.
  • Switch back to Normal Startup mode later.

This fixes deeper installation-level conflicts, especially related to QuickBooks Update Error 1712.

6. Manually Remove QuickBooks Leftover Files

If old installation folders are still present, Error 1712 continues.

To clean leftover folders:

Delete QuickBooks folders from

  • *C:\Program Files\Intuit*
  • *C:\Program Files (x86)\Intuit*

Clear temporary files using:

  • Press Windows + R → type %temp%

Then attempt installation again.

7. Create a New Windows User Profile

If your user profile is corrupt, QuickBooks won’t install.

Fix:

  • Go to Settings → Accounts.
  • Create a new Admin account.
  • Log in using the new profile.
  • Install QuickBooks again.

This is highly effective when you repeatedly encounter QuickBooks Install Error 1712.

How to Prevent QuickBooks Error 1712 in the Future

  • Keep Windows updated
  • Avoid forced shutdowns
  • Install QuickBooks in a clean folder
  • Remove old QuickBooks versions properly
  • Use antivirus protection
  • Run regular disk cleanup

By maintaining your system, you reduce the chances of encountering errors like QuickBooks Error Code 1712 or other installation errors.

Conclusion

Dealing with QuickBooks Error 1712 can be annoying, especially when you’re installing or updating the software. But with the troubleshooting steps above using QuickBooks Tool Hub, repairing system files, clearing background processes, or reinstalling QuickBooks most users can fix the issue quickly.

Advertisement

If your system continues to show errors such as 6000 Error QuickBooks or multiple installation-related warnings, it’s recommended to get expert help immediately. For fast technical assistance, you can contact QuickBooks Support at +1(866)500-0076.

FAQs

Q1. What triggers QuickBooks Error 1712?

This error occurs due to damaged registry files, leftover installation folders, system conflicts, or corrupt installation directories.

Q2. Is QuickBooks Tool Hub effective for Error 1712?

Yes. The Install Diagnostic Tool inside Tool Hub resolves 70–80% installation-related errors.

Advertisement

Q3. Can malware cause QuickBooks Install Error 1712?

Yes, malware or viruses can corrupt OS files and block software installation.

Q4. How do I fix QuickBooks Error Code 1712 quickly?

Restart your system, run QuickBooks Tool Hub, stop background tasks, and reinstall QuickBooks in Selective Startup mode.

Q5. What if Error 1712 keeps returning?

Advertisement

It means your Windows installation or user profile is corrupted. Create a new user profile or contact support for deeper repair.

 

 

Author

Continue Reading

Finance

Coinbase Customer Service USA Contact Support Numbers

Published

on

By

Reviewed
By Lainey Scarlett

Introduction

As of now, Coinbase’s customer service +1-(917) 672-18O3 is primarily email and help-center based. However, the company has recently introduced limited phone support for certain types of inquiries, such as account recovery or fraud cases.

In today’s fast-growing cryptocurrency market, Coinbase has become one of the most popular platforms for buying, selling, and managing digital currencies. With millions of users across the USA, access to efficient customer service is essential.

Whether you need help with account access, transaction issues, security concerns, or understanding platform features, knowing how to contact Coinbase customer service is critical. This article provides a detailed guide on Coinbase USA contact support numbers, tips for resolving common problems, and ways to get timely assistance for a smooth crypto experience.

Rise of Coinbase Customer Service USA Contact Support Numbers

Coinbase has grown quickly to become one of the most popular platforms for cryptocurrency in the USA. As more people started buying, selling, and storing digital currencies, the need for strong customer support increased. To meet this demand, Coinbase introduced dedicated customer service numbers across the country. These numbers allow users to get help directly, rather than only using emails or online forms. The rise of these support numbers shows how Coinbase is focusing on keeping users happy and solving their problems efficiently. It also reflects the growing importance of good customer service in the fast-moving world of cryptocurrency.

Why Contact Coinbase Customer Service?

There are several reasons users may need to contact Coinbase support in the USA:

Advertisement
  1. Account Access Issues: Forgotten passwords, locked accounts, or verification problems often require direct support from Coinbase’s customer service.
  2. Transaction Problems: Failed or delayed transactions, incorrect deposits, or issues with transferring funds to bank accounts are common reasons to reach out.
  3. Security Concerns: If you notice unusual account activity or suspect a security breach, immediate support is essential to protect your funds.
  4. General Platform Assistance: Users may need help navigating Coinbase features, understanding fees, or using new tools for trading and investing.

Coinbase Customer Service USA Contact Support Numbers

1. Coinbase Support Phone Number +1-(917) 672-18O3 (U.S. Based)

  • Coinbase Customer Support (U.S.):+1 (917) 672-18O3
  • Available: Monday to Friday
  • Hours: 9:00 AM – 6:00 PM EST
  • Type of Support: Primarily for account recovery, fraud issues, and urgent security-related matters.

This is Coinbase’s main support line for U.S. customers. While they do not yet offer general phone support for all inquiries, users experiencing account access problems or security concerns can call this number.

2. Coinbase Automated Phone Line

  • Coinbase Automated Info Line:+1 (917) 672-18O3

This line provides recorded information on common issues and directs users to the right support channels. Though you can’t speak to a live agent through this number, it’s useful for getting fast answers to frequently asked questions.

Why You Might Need to Contact Coinbase

There are many reasons someone might need to get in touch with Coinbase’s support team +1-(917) 672-18O3. Here are some common situations:

  • Trouble logging into your account
  • Issues with two-factor authentication (2FA)
  • Questions about deposits or withdrawals
  • Problems with verifying your identity
  • Concerns about suspicious account activity
  • Need help navigating the mobile app or web platform
  • Seeking information about fees, trading, or limits
  • Requesting updates on pending transactions

Reaching the right department quickly ensures your problem is handled fast and efficiently. That’s why having the correct contact information matters.

Other Ways to Contact Coinbase Customer Support

Phone support +1-(917) 672-18O3 is only one part of Coinbase’s customer service system. Here are other ways to get help:

1. Help Center (Recommended)

  • Visit Coinbase’s official Help Center to find articles, FAQs, and step-by-step guides on everything from setting up an account to troubleshooting login problems.
  • The Help Center is available 24/7 and is the best place to find quick solutions.

2. Email Support

  • Support Email: support@Coinbase.com
  • Best for: Account questions, verification issues, transaction delays, and other non-emergency topics.
  • Response Time: Usually within 24-48 hours.

Always include your registered email and a clear description of the issue when sending an email. This helps the support team respond more efficiently.

3. In-App Support

  • Coinbase offers in-app chat support through its mobile app and website.
  • Available during business hours and helpful for real-time conversations about common issues.

4. Social Media Support (Limited)

While not an official customer support channel, Coinbase is active on platforms like Twitter and Facebook. These platforms may help with announcements or general updates but should not be used to share personal account information.

Tips for Contacting Coinbase Support +1-(917) 672-18O3

Before reaching out, consider these helpful tips:

  1. Be Clear and Concise: Clearly explain the issue, include important details, and avoid vague messages.
  2. Use the Right Channel: For urgent security matters, call the support line. For general help, use the Help Center or email.
  3. Check the Help Center First: Many issues can be resolved without needing to contact support.
  4. Avoid Sharing Sensitive Info Publicly: Never post your personal details, passwords, or wallet info on forums or social media.
  5. Be Patient: Response times can vary, especially during high-traffic periods like market spikes or technical outages.

Coinbase’s Focus on Security and Support

One reason Coinbase stands out in the crypto space is its focus on safety. They’ve built a platform with strong security features, like:

  • Two-factor authentication
  • Device management
  • Encryption and cold storage
  • Real-time alerts on account activity

Having a support system that reflects these safety values is key. While Coinbase is still expanding its phone support, the company continues to invest in customer service tools that help users stay safe and confident.

Common Issues Resolved by Coinbase Support

  1. Login and Verification Problems: Users often face problems with password resets or identity verification. Coinbase support guides users through secure recovery processes.
  2. Payment and Withdrawal Issues: Delayed deposits or problems withdrawing funds can be addressed quickly by speaking with a support representative.
  3. Security Alerts: In case of suspicious activity, Coinbase can freeze accounts temporarily, guide you through verification, and secure your funds.
  4. Trading and Account Questions: Support can clarify fee structures, explain trading limits, or assist with using advanced features like staking and portfolio management.

Tips for Preventing Issues in the Future

  1. Enable Two-Factor Authentication: This adds an extra layer of security to your account and reduces the risk of unauthorized access.
  2. Keep Contact Information Updated: Ensure your email and phone number are current so Coinbase can reach you if needed.
  3. Stay Informed About Fees and Policies: Understanding Coinbase’s transaction fees and account policies helps prevent surprises or misunderstandings.
  4. Regularly Monitor Transactions: Check your account activity frequently to identify any issues early and contact support promptly if needed.

Benefits of Contacting Official Coinbase Support

  • Fast and Accurate Assistance: Official support provides reliable solutions without risking account security.
  • Resolution of Complex Issues: Some issues, like disputed transactions or account freezes, cannot be solved through FAQs and require trained representatives.
  • Peace of Mind: Knowing there is a trusted support system ensures users feel secure when managing their cryptocurrency investments.
  • Guidance on Best Practices: Support teams can provide tips on security, trading, and account management to optimize user experience.

Conclusion

Whether you’re a new crypto user or an experienced trader, knowing how to reach Coinbase support +1-(917) 672-18O3 is important. While the company doesn’t yet offer full phone service for every issue, they do provide a U.S.-based customer support line for specific problems like account recovery and fraud.

For general questions, the Help Center and email support remain the best ways to get assistance. Always make sure you’re using the official channels and never give out personal details on unofficial sites or forums.

In short, if you ever run into a problem on Coinbase, help is just a call or message away. Keeping this guide handy ensures you’re always prepared to get the support you need quickly and safely.

Advertisement

Author

Continue Reading

Readers like you help support Contrank. When you make a purchase using links on our site, we may earn an affiliate commission. Read More.

Advertisement

Trending

Disclaimer:
This blogging site is operated as part of PAEA Foundation Inc. (www.paeafoundation.org), a registered nonprofit organization. All content published here is contributed voluntarily by a global community of over 1,000 writers and content creators who support our mission to foster open knowledge, creativity, and community learning. The views expressed in each post are those of the respective authors and do not necessarily reflect the views of the PAEA Foundation. We do not accept payment for publishing articles and do not engage in commercial content promotion. Our platform is maintained for educational and nonprofit purposes in line with our mission. For inquiries about our nonprofit status or use of this platform under nonprofit licensing (e.g., WHM), please contact us.
Copyright ©2025. Contrank