Recent News Headlines : Debt

IS THIS THE SILVER BULLET FOR ITALY'S BAD LOAN PROBLEM?


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

6th December, 2017 71

GREECE, CREDITORS STRIKE DEAL ON THE CONDITIONS FOR FRESH CASH


Greece is going to implement as soon as possible all the measures needed in order to get fresh bailout money, he added... READ MORE

3rd December, 2017 476

U.S. CONSUMER FINANCIAL WATCHDOG OFFICIAL DEFIES TRUMP FROM WITHIN AGENCY


Leandra English, the deputy director of the Consumer Financial Protection Bureau CFPB, is suing Trump for the right to lead the agency... READ MORE

2nd December, 2017 781

CHINA'S CONSUMER LOANS WILL REACH US$1.48 TLN THIS YEAR


Meanwhile, the Internet has subverted traditional consumer loans from the perspective of customers, products, services, business process and risk control... READ MORE

1st December, 2017 32

PAYDAY LOAN FIRMS HAVE NEW HOPE WITH TRUMP'S CFPB


Single-pay loans made up 28 percent of Curo Group's business in the nine months that ended on Sept. 30... READ MORE

30th November, 2017 94

ALMOST HALF OF NEW, YOUNG HOMEOWNERS HAVE DOWN PAYMENTS OF LESS THAN 20%


Counterintuitively, while the central bank is less worried about high-ratio loans, it is getting more worried about low-ratio ones... READ MORE

29th November, 2017 629

WOULD TRUMP'S CFPB PICK MULVANEY BACK CONSUMERS OR PAYDAY LENDERS?


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

28th November, 2017 84

CHINA HOME SALES SET TO DROP IN 2018 AMID WAR ON BUBBLES


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

28th November, 2017 23

CHINA'S ONGOING PROFIT SURGE AIDS CORPORATE DEBT REDUCTION


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

27th November, 2017 38

AMERICANS' HOUSEHOLD DEBT HAS SURGED BY $605B THIS YEAR


Credit card debt, meanwhile, has jumped by 3.1 percent in the latest quarter... READ MORE

26th November, 2017 191

CHINA ONLINE FINANCE REGULATOR TELLS UNQUALIFIED MICRO-LENDERS TO STOP LENDING


Qualified lending institutions should also increase self-discipline, charge interest rates at a reasonable level, and increase information disclosure, the association added... READ MORE

25th November, 2017 45

ANT FINANCIAL TARGETS LOAN PRODUCTS WITH EXORBITANT INTEREST RATES


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

25th November, 2017 9

S&P DOWNGRADES SOUTH AFRICA'S LOCAL CURRENCY DEBT TO 'JUNK' STATUS


Moody's rates the country's foreign and local currency debt on their lowest investment grade rung of Baa3... READ MORE

24th November, 2017 303

PDVSA MAKES PAYMENTS ON $233 MILLION DEBT


PVDSA's bonds represent 30 percent of Venezuela's external debt... READ MORE

24th November, 2017 0

LABOUR CRITICISES DELAYS TO REFORMS


Changes announced in budget will not be introduced until as late as April, leaving some families facing a tough Christmas... READ MORE

23rd November, 2017 458

2. WHAT ARE CHINA'S CASH MICRO-LENDERS EXACTLY?


Chinese President Xi Jinping's campaign to reduce risk in the financial system is being felt in New York... READ MORE

23rd November, 2017 128

350 PERCENT INTEREST RATE? SENATORS BANKROLLED BY PAYDAY LENDERS CAN LIVE WITH THAT


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

17th November, 2017 1333

'IT'S VERY TROUBLING': HIDDEN CAMERA CATCHES CAR DEALERSHIPS BREAKING SALES RULES


Today, more than half of new car loans are for seven years or longer, according to automotive research firm J.D... READ MORE

17th November, 2017 4286

RUSSIA RESTRUCTURES VENEZUELAN DEBT, PDVSA LOANS NOT INCLUDED


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

16th November, 2017 0

CHINA REGULATOR SAYS BANKS HAVE PASSED THE 'MOST DIFFICULT' PERIOD


The most difficult period for banks is over, he told a finance forum in Beijing... READ MORE

16th November, 2017 0

CRACKDOWN LOOMS FOR CHINA'S ONLINE LOAN SHARKS


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

15th November, 2017 41

AFTER FLOOD OF COMPLAINTS ABOUT HIGH RATES, PENN. AG SUES NATION'S LARGEST STUDENT LOAN SERVICER


That is their requirement, Navient's, to put them in that proper repayment plan... READ MORE

13th November, 2017 653

CENTRAL BANK ADJUSTS CAR LOANS TO BOOST GREEN INDUSTRY


In March last year, the two ministries jointly issued a guiding opinion on increasing financial support to green consumption and automobile loans... READ MORE

9th November, 2017 25

BROADCOM TAKES PAGE FROM DREXEL PLAYBOOK WITH QUALCOMM OFFER


Broadcom says its offer stands whether that deal happens or not... READ MORE

7th November, 2017 83

CHINA OFFERS TAX-FREE INTEREST INCOME IN BID TO SPUR LENDING TO SMALL FIRMS


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

6th November, 2017 279

TRUMP WILL HIGHLIGHT 'HORRIBLE' TRADE DEALS ON ASIAN TOUR


Ballistic bitcoin Investors' appetite for bitcoin appears to have no bounds... READ MORE

6th November, 2017 2

CHINA'S ZHOU WARNS ON RISING FINANCIAL RISK IN BLUNT ARTICLE


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

4th November, 2017 2249

PBOC GOVERNOR URGES CHINA TO PROMOTE EQUITY, CUT DEBT, ELIMINATE 'ZOMBIE' COMPANIES


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

4th November, 2017 0

PBOC GOVERNOR URGES CHINA TO PROMOTE EQUITY, CUT DEBT, ELIMINATE "ZOMBIE" COMPANIES


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

4th November, 2017 123

TAKE FIVE: WORLD MARKETS THEMES FOR THE WEEK AHEAD


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

3rd November, 2017 0

Trending News Headlines : Debt

TOYS 'R' US COLLAPSES INTO BANKRUPTCY THANKS TO CRUSHING DEBT


Chapter 11 was certainly not the company's preferred outcome, Chief Executive David Brandon said in a court filing... READ MORE

20th September, 2017 19376

FOOD BANKS REPORT RECORD DEMAND AMID UNIVERSAL CREDIT CHAOS


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

25th April, 2017 9904

NEW U.S. SUBPRIME BOOM, SAME OLD SINS


Few things capture this phenomenon like the partnership between Fiat Chrysler Automobiles NV and Banco Santander SA... READ MORE

17th July, 2017 8803

'WE WENT DAYS WITHOUT EATING PROPERLY'


For many of Inverness's universal credit guinea pigs, the past year has been exceptionally stressful... READ MORE

19th October, 2017 8163

'I CAN'T EVEN CHARGE MY WHEELCHAIR'


'Do we get interest on late payments, like in the world of business?... READ MORE

9th October, 2017 6185

MUSK REVS UP TESLA BOND BUYERS BY SELLING THEM DEBT WITH A DREAM


Tesla Inc.'s Elon Musk is selling his dream. Bond investors seem to be closing their eyes and buying it... READ MORE

9th August, 2017 6035

HALT UNIVERSAL CREDIT OR ROUGH SLEEPERS WILL DOUBLE, SAYS BURNHAM


There's a high, high level of rent arrears among people receiving universal credit... READ MORE

7th October, 2017 5891

'THE WORST IS CLEARLY BEHIND US'


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

24th July, 2017 5830

HOW A RATE HIKE THIS WEEK WILL IMPACT YOUR OTHER DEBT


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

10th July, 2017 5741

HOW THAT COULD AFFECT YOUR LOANS


Interest rates likely to increase today How that could affect your loans... READ MORE

12th July, 2017 5216

A HIGH CREDIT SCORE CAN MAKE YOU LOOK SEXY ON DATING APPS


A good credit score is more appealing than a nice car, said 58 percent of those surveyed... READ MORE

21st August, 2017 3748

STUDENT LOANS: WHAT BORROWERS CAN EXPECT UNDER DONALD TRUMP


President Trump believes there are too many companies servicing federal student loans... READ MORE

22nd May, 2017 2726

BACKBENCH TORIES HINT AT SIGNIFICANT UNIVERSAL CREDIT CLIMBDOWN


I think people accept you have to be paid in arrears, McPartland told BBC Radio 4's Week in Westminster... READ MORE

23rd October, 2017 2547

AUSTRALIANS MAY SOON STRUGGLE TO MAKE ENDS MEET


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

26th June, 2017 2449

S&P CUTS CHINA'S CREDIT RATING, CITING RISK FROM DEBT GROWTH


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

22nd September, 2017 2302

CANADIAN BORROWERS WAIT AND WONDER IF RATES WILL RISE TOMORROW


Whether or not central bank lifts interest rates, the impact of a rise is already in the market... READ MORE

5th September, 2017 1946

MILLENNIALS ARE HELPING JACK MA'S FINANCING FIRM BECOME A DEBT GIANT


Ant Financial strictly follows relevant regulatory rules in disclosing information to investors... READ MORE

17th October, 2017 1823

THE DEBT-BUBBLE LANDMINE OBAMA LEFT FOR TRUMP


People with not-great credit scores have always made up about a fifth of the auto-loan market... READ MORE

8th May, 2017 1785

MORE AMERICANS ARE FALLING BEHIND ON STUDENT LOANS, AND NOBODY QUITE KNOWS WHY


Second, the Education Department's loan portfolio could be looking worse because the best borrowers may have already paid off their loans... READ MORE

28th September, 2017 1284

6 REASONS WHY PUERTO RICO SLID INTO FINANCIAL CRISIS


Puerto Rico 6 reasons why the island slid into financial crisis... READ MORE

4th October, 2017 1253

AUTO LOAN FRAUD SOARS IN A PARALLEL TO THE HOUSING BUBBLE


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

10th May, 2017 1222

CHINA IS TAKING ON THE 'ORIGINAL SIN' OF ITS MOUNTAIN OF DEBT


Characterized in state media as the original sin of China's financial system, leverage has swelled over the past decade... READ MORE

8th August, 2017 1141

BANKS TIGHTEN AUTO LENDING AS MORE BORROWERS FALL INTO DEFAULT


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

17th May, 2017 1080

IF TRUMP UNLOCKS $2 TRILLION AT BANKS, HERE'S WHO MAY GET IT


Calculated the five largest banks, excluding their own employer, have 96 billion in excess capital... READ MORE

16th June, 2017 1055

HEDGE FUNDS ARE FACING A U.S. CRIMINAL PROBE OVER BOND VALUATIONS


By carrying securities on their books at artificially inflated prices, hedge funds can show better performance... READ MORE

11th May, 2017 1025

WHY PENNSYLVANIA'S NAVIENT SUIT MAY AFFECT YOUR STUDENT LOANS


In announcing his lawsuit, Shapiro cited more than 1,000 complaints Pennsylvania residents filed with the CFPB against Navient... READ MORE

6th October, 2017 1002

GLOBAL DEBT MAY BE UNDERSTATED BY $13 TRILLION


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

17th September, 2017 898

PUERTO RICO'S BANKRUPTCY FIGHT IS ABOUT TO PLUNGE INTO THE UNKNOWN


Puerto Ricos Bankruptcy Fight Is About to Plunge Into the Unknown... READ MORE

12th May, 2017 896

UNIVERSAL CREDIT: WHY IS IT A PROBLEM AND CAN THE SYSTEM BE FIXED?


Official figures show about half of new universal credit claimants apply for an advance payment... READ MORE

3rd October, 2017 863

AMAZON ENLISTS BOND MARKET IN ITS QUEST FOR GROCERY DOMINANCE


Jeff Bezos has an army full of bond investors ready to back Amazon.com Inc.'s conquest of the supermarket industry... READ MORE

16th August, 2017 856


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