Shutterstock The phrase student debt crisis might conjure up a person in their 20s worried that their six figures of debt will keep them from marrying or buying a house. It should probably be someone more like Maria Hurtado. Hurtado, 46, who lef… Read the full article at: http://www.marketwatch.com/story/meet-the-real-face-of-the-student-debt-crisis-2016-10-10
Almost every adult in the UK has some sort of debt. Whether it be an overdraft, credit card, loan, car finance, mortgage, or even a student loan, most of us owe money to somebody else. Whilst most people are able to manage their debts quite well and ensure that they have enough…
Updated Oct. 10, 2016 9:24 a.m. ET BEIJINGChina unveiled a controversial loan-relief plan that could help companies reduce their mounting debt loads but leave banks more strapped for capital. The continued economic slowdown has made it harder for businesses to repay debts that have been piling up at an alarming rate in recent years as…
Consolidation. Its a word used widely in financial circles. Consolidation of debt (translation: combining lots of different credit cards into one seemingly simple yet unmanageable whole). Consolidation of assets (translation: combining liabilities into one seemingly simple yet unmanageable whole). You get my drift. So, consolidation is not always a good thing. I wonder if this…
China unveiled guidelines on Monday to reduce rising corporate debt levels which some analysts fear could destabilize the worlds second-largest economy. The government will take a multi-pronged approach to cutting company debt, including encouraging mergers and acquisitions, bankruptcies, debt-to-equity swaps and debt securitization, according to guidelines issued by State Council, or the cabinet. Corporate China…
United Kingdom Restructuring and insolvency 06-10-2016 The farming and agricultural sector continues to experience financial pressures. Agricultural charges remain an important form of security available to banks when lending to the agricultural sector, but nevertheless how useful they can be and the cost saving they can bring on enforcement is often not fully appreciated. Although…
RBS squeezed struggling businesses to boost profits, leak reveals By Andy Verity & Jake Morris BBC Newsnight 10 October 2016 From the section UK Image copyright Getty Images Royal Bank of Scotland secretly tried to profit from struggling businesses, leaked documents show. The bank bought up assets cheaply from failing businesses it claimed to be…
LONDON–(BUSINESS WIRE)– Metal Tiger Plc 10 October 2016 Metal Tiger Plc (“Metal Tiger” or the “Company”) Strategic Update and Board Restructuring Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce an update with regard to the Companys strategic plans and an associated board restructuring.…
(Image: iStock.com/Ridofranz) According to Consolidate Credit, the average household credit card debt is $6,600. This includes personal debt. Being in debt can be a form of slavery that can keep you from buying the necessities for your business, owning a new home, buying a new car, helping your children with college expenses along with many…
Johannesburg – Road Accident Fund (RAF) chief executive Eugene Watson confirmed that the institution had been insolvent since 1981 and last week had an unfunded liability of R145 billion, which was equivalent to 3.5 percent of South Africas gross domestic product. Watson, who was appointed in 2012, told Business Report in an interview that the…