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THE IMF IS WORRIED ABOUT THE WORLD'S $152 TRILLION DEBT PILE
Excessive private debt is a major headwind against the global recovery and a risk to financial stability, IMF fiscal chief Vitor Gaspar said in prepared remarks... READ MORE›
'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›
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›
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›
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›
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›
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›
CHINA TO LAY OFF FIVE TO SIX MILLION WORKERS, EARMARKS AT LEAST $23 BILLION
In addition, an assortment of local government matching funds will also be made available... READ MORE›
A CHEAT SHEET ON THE DEGLOBALIZATION OF THE FINANCIAL WORLD
But the nature of financial intermediation has shifted sharply away from bank funding to bond markets... READ MORE›
'DEEP SUBPRIME' AUTO LOANS ARE SURGING
At least two dozen lenders have tapped the debt market to sell bonds that hold their subprime auto loans over the last few years... READ MORE›
BRITAIN TO REPAY A?2BN FIRST WORLD WAR DEBT
The Government can currently borrow money at record low interest rates, so it makes financial sense to replace old debt borrowed at higher interest rates... READ MORE›
BRITAIN'S UPSTART BANKS FACE A BUMPY RIDE THROUGH BREXIT FALL-OUT
The finance ministry's recent introduction of an 8 percent surcharge on bank profits over 25 million pounds is also likely to compound the outlook for challengers... READ MORE›
NEW RULES PROPOSED TO PUT AN END 'TOO BIG TO FAIL' BANKS
Citi said European banks would be required to issue the biggest chunk of new bonds, including BNP Paribas BNPP... READ MORE›
WORLD'S $150 TRILLION DEBT EDIFICE SHAKEN BY TRUMP VICTORY
This has instantly shaved 1.14 trillion off Bank of America's Global Broad Market Index... READ MORE›
ALBERTA CREDIT RATING DOWNGRADED BY STANDARD AND POOR'S
Finance Minister Joe Ceci said he was disappointed by the downgrade, blaming it mainly on the low price of oil... READ MORE›
NOBLE GROUP HALTED AFTER 32% PLUNGE AS S&P SEES DEFAULT RISK
Noble Group Halted After 32 percent Plunge as S P Sees Default Risk... READ MORE›
THE DEBT CRISIS WHAT GREECE WANTS AND WHAT ITS OFFERING
Greece wants debt relief from its European creditors including Germany and France the European Central Bank and the International Monetary Fund... READ MORE›
GEORGE OSBORNE'S SECRET PLAN TO BAIL OUT THE EUROZONE
Potentially far more money is at stake with Mr Juncker's investment fund... READ MORE›
4 THINGS AMERICAN CONSUMERS SHOULD KNOW ABOUT THE BREXIT
Swap out the country names and the specific politics, and the rhetoric around the Brexit can begin to sound a lot like a Trump stump speech... READ MORE›
SUNEDISON AT RISK OF BANKRUPTCY, UNIT SAYS; SHARES PLUMMET 60 PERCENT
If SunEdison does not perform under these agreements, it could have a material adverse effect on TerraForm Global, TerraForm Global said... READ MORE›
ITALY READYING STATE BAILOUT FOR MONTE DEI PASCHI BANK
Rome wants to avoid losses being imposed on retail investors who hold 2.1 billion euros of the bank's junior debt... READ MORE›
UK BONDS THAT FINANCED FIRST WORLD WAR TO BE REDEEMED 100 YEARS LATER
4 consols was issued in 1927 by Winston Churchill, then chancellor, to refinance national war bonds originating from the first world war... READ MORE›
PUERTO RICO TO DEFAULT FURTHER ON DEBTS
GarcA-a Padilla implored Congress to create a legal framework that would allow Puerto Rico to restructure its debts expeditiously... READ MORE›
CHINA MUST LEARN LESSONS FROM STOCK MARKET ROUT
China must learn lessons from stock market rout vice finance minister... READ MORE›
7 BANK RIP-OFFS THAT WONT EXIST IN 2020
As a result of their cosy oligopoly, Australian banks have become the most profitable in the world, collecting 29 billion in profit this year... READ MORE›
HIGHER INTEREST RATES: WINNERS AND LOSERS
McBride says this is particularly true for variable-rate debts that have large balances, such as adjustable-rate mortgages, student loans and home equity lines of credit... READ MORE›
ELIZABETH WARREN BACKS PAYDAY LOAN REGULATION; DEMOCRATIC LEADER TOUTS PERMISSIVE 'FLORIDA MODEL'
The average annual percentage rate for a payday loan in Florida is 304 percent... READ MORE›
YANIS VAROUFAKIS RESIGNS: HIS STATEMENT IN FULL
I shall support fully Prime Minister Tsipras, the new minister of finance, and our government... READ MORE›
OIL PRICE FALL EXACERBATED BY HEDGING, ENERGY FIRMS' DEBT
Oil price fall exacerbated by hedging, energy firms' debt BIS... READ MORE›
WARNINGS MOUNT ON WORLD'S CORPORATE DEBT, CHINA CRISIS
Most of the 25 trillion in company debt is in local currencies, which lowers the risk of a 1998-style currency crisis, but dollar debts are still large... READ MORE›