Even after making deep reductions this year, Italian banks are still weighed down by about 324 billion euros 384 billion of non-performing loans, the highest total in Europe... READ MORE›
Greece is going to implement as soon as possible all the measures needed in order to get fresh bailout money, he added... READ MORE›
Leandra English, the deputy director of the Consumer Financial Protection Bureau CFPB, is suing Trump for the right to lead the agency... READ MORE›
Meanwhile, the Internet has subverted traditional consumer loans from the perspective of customers, products, services, business process and risk control... READ MORE›
Single-pay loans made up 28 percent of Curo Group's business in the nine months that ended on Sept. 30... READ MORE›
Counterintuitively, while the central bank is less worried about high-ratio loans, it is getting more worried about low-ratio ones... READ MORE›
Prefacing a question to Cordray on payday loans and certain types of installment loans, Mulvaney's comments suggest a deference to payday lenders... READ MORE›
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world... READ MORE›
But China's latest industrial profit numbers October 2017 released Monday by the National Bureau of Statistics make it at least a bit less daunting... READ MORE›
Credit card debt, meanwhile, has jumped by 3.1 percent in the latest quarter... READ MORE›
Qualified lending institutions should also increase self-discipline, charge interest rates at a reasonable level, and increase information disclosure, the association added... READ MORE›
On Thursday, the People's Bank of China and China Banking Regulatory Commission held a meeting to call for the regulation and rectification of online micro loans... READ MORE›
Moody's rates the country's foreign and local currency debt on their lowest investment grade rung of Baa3... READ MORE›
PVDSA's bonds represent 30 percent of Venezuela's external debt... READ MORE›
Changes announced in budget will not be introduced until as late as April, leaving some families facing a tough Christmas... READ MORE›
Chinese President Xi Jinping's campaign to reduce risk in the financial system is being felt in New York... READ MORE›
Advance America is one of the payday lending companies that have donated to the campaigns of sponsors of the Protecting Consumers' Access to Credit Act of 2017... READ MORE›
Today, more than half of new car loans are for seven years or longer, according to automotive research firm J.D... READ MORE›
By Jack Stubbs, Polina Nikolskaya and Darya Korsunskaya MOSCOW Reuters - Russia and Venezuela signed a debt restructuring deal on Wednesday allowing Caracas to make... READ MORE›
The most difficult period for banks is over, he told a finance forum in Beijing... READ MORE›
Micro-lending in China typically refers to cash loans of up to 3,000 yuan (US$452) that are obtained via online platforms. These facilitate real-time approval and rapid remittance to borrowers' accounts... READ MORE›
That is their requirement, Navient's, to put them in that proper repayment plan... READ MORE›
In March last year, the two ministries jointly issued a guiding opinion on increasing financial support to green consumption and automobile loans... READ MORE›
Broadcom says its offer stands whether that deal happens or not... READ MORE›
The supportive policies will apply to loans of 1 million yuan 150,750 or less, said the notice posted on the finance ministry's website... READ MORE›
Ballistic bitcoin Investors' appetite for bitcoin appears to have no bounds... READ MORE›
High leverage is the ultimate origin of macro financial vulnerability, wrote Zhou, 69, who is widely expected to retire soon after a record 15-year tenure... READ MORE›
The more specific measures Zhou suggested included reforming China's equity issuance mechanisms, further developing private equity funding, promoting debt-to-equity swaps, and expanding the bond market... READ MORE›
The more specific measures Zhou suggested included reforming China's equity issuance mechanisms, further developing private equity funding, promoting debt-to-equity swaps, and expanding the bond market... READ MORE›
U.S. President Donald Trump embarks on his first trip to Asia in the coming week, stopping in Japan, South Korea, China, Vietnam and the Philippines... READ MORE›
Chapter 11 was certainly not the company's preferred outcome, Chief Executive David Brandon said in a court filing... READ MORE›
Food banks see first-hand how changes to the welfare system affect people on the ground, and so can offer an early warning to decision-makers... READ MORE›
Few things capture this phenomenon like the partnership between Fiat Chrysler Automobiles NV and Banco Santander SA... READ MORE›
For many of Inverness's universal credit guinea pigs, the past year has been exceptionally stressful... READ MORE›
'Do we get interest on late payments, like in the world of business?... READ MORE›
Tesla Inc.'s Elon Musk is selling his dream. Bond investors seem to be closing their eyes and buying it... READ MORE›
There's a high, high level of rent arrears among people receiving universal credit... READ MORE›
Alexis Tsipras, the Greek prime minister, has promised to defy his critics by taking the country out of its longest-running crisis in modern times... READ MORE›
With the Bank of Canada set to raise lending rates, mortgage holders have been warned to expect more expensive debt than they've become used to... READ MORE›
Interest rates likely to increase today How that could affect your loans... READ MORE›
A good credit score is more appealing than a nice car, said 58 percent of those surveyed... READ MORE›
President Trump believes there are too many companies servicing federal student loans... READ MORE›
I think people accept you have to be paid in arrears, McPartland told BBC Radio 4's Week in Westminster... READ MORE›
Further intensifying the squeeze is a rising cost of living, with electricity prices climbing as much as 20 percent in New South Wales state next month... READ MORE›
S P also lowered Hong Kong's credit rating, a move that reflects the strong linkages between the financial hub and mainland China, the firm said... READ MORE›
Whether or not central bank lifts interest rates, the impact of a rise is already in the market... READ MORE›
Ant Financial strictly follows relevant regulatory rules in disclosing information to investors... READ MORE›
People with not-great credit scores have always made up about a fifth of the auto-loan market... READ MORE›
Second, the Education Department's loan portfolio could be looking worse because the best borrowers may have already paid off their loans... READ MORE›
Puerto Rico 6 reasons why the island slid into financial crisis... READ MORE›
Losses from auto loan fraud this year will likely be 4 billion to 6 billion, up from 2 billion to 3 billion in 2015, the firm said... READ MORE›
Characterized in state media as the original sin of China's financial system, leverage has swelled over the past decade... READ MORE›
Drivers with credit scores below 620 now comprise less than 20 percent of new loans, down from almost 30 percent a decade ago... READ MORE›
Calculated the five largest banks, excluding their own employer, have 96 billion in excess capital... READ MORE›
By carrying securities on their books at artificially inflated prices, hedge funds can show better performance... READ MORE›
In announcing his lawsuit, Shapiro cited more than 1,000 complaints Pennsylvania residents filed with the CFPB against Navient... READ MORE›
The BIS said non-financial users employ FX forwards and currency swaps for speculation and to hedge international trade and foreign currency bonds... READ MORE›
Puerto Ricos Bankruptcy Fight Is About to Plunge Into the Unknown... READ MORE›
Official figures show about half of new universal credit claimants apply for an advance payment... READ MORE›
Jeff Bezos has an army full of bond investors ready to back Amazon.com Inc.'s conquest of the supermarket industry... READ MORE›
Daily Digital News provides public access to an archive of historical news articles from many popular news sources. Daily Digital News provides keyword searchable summaries, and links, to news articles that were originally publically accessible, and all news articles presented on dailydigitalnews.com were initially freely available to the general public. Daily Digital News does not claim any copyright ownership of the aggregated content of this website. Aggregated news content presented on dailydigitalnews.com may be subject to copyright, and the use made here is consistent with the principles of limited use for research and education. Daily Digital News takes advantage of unique web-crawling technologies and algorithms. This includes the use of services provided by Alchemy API (by IBM Watson) as well as other open source technologies. Daily Digital News operates this website on a not for profit basis. No income, revenue, remuneration, or profit of any kind has been made as a result of providing this website to the public. Use of this website is at the user's own discretion. Daily Digital News exercises no control over the use made of this website and accepts no liability to users or resources in relation to the contents of, or use of, or otherwise in connection with this website. Full Terms & Conditions