Tag Archives: debt

In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test

In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test

In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test LONDON — Laurence D. Fink presents himself as the vanguard of a progressive form of capitalism in which profits are not everything: The enlightened money is supposed to press for environmental and social protection. As the chief executive …

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Tsunami of pandemic debt mounting in millions of British households

Young adults, women and low earners most financially exposed to coronavirus

Tsunami of pandemic debt mounting in millions of British households Tsunami of pandemic debt mounting in millions of British households Major charities, campaigners and even a government department have issued dire warnings that the UK’s level of personal debt will soar over the coming months to engulf millions of households if left unchecked. StepChange this week revealed “a personal debt …

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UK consumers pay off record £7.4bn in credit card and loan debt during lockdown

Banks must clear up confusion over Covid-19 refunds

UK consumers pay off record £7.4bn in credit card and loan debt during lockdown UK consumers pay off record £7.4bn in credit card and loan debt during lockdown UK households paid off their credit cards and loans at a record rate in April as people stayed home and shops remained closed through the lockdown. Consumers collectively reduced their credit card …

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Fed Makes Initial Purchases in Its First Corporate Debt Buying Program

Fed Makes Initial Purchases in Its First Corporate Debt Buying Program

Fed Makes Initial Purchases in Its First Corporate Debt Buying Program Fed Makes Initial Purchases in Its First Corporate Debt Buying Program The Federal Reserve rolled out the first stage of its corporate bond buying program on Tuesday, stepping into totally uncharted territory: buying longer-dated company debt. The Federal Reserve Bank of New York said it would start buying exchange …

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What Happens If You Are Sued by a Debt Collector?

What Happens If You Are Sued by a Debt Collector?

What Happens If You Are Sued by a Debt Collector? What Happens If You Are Sued by a Debt Collector? Americans wrestled with debt-collection lawsuits long before the coronavirus hit, a new report finds. Now, a surge of the suits may swamp consumers who lost their jobs in the pandemic and can’t afford to pay their bills. The report, published …

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Small Businesses Counting on Loan Forgiveness Could Be Stuck With Debt

Small Businesses Counting on Loan Forgiveness Could Be Stuck With Debt

Small Businesses Counting on Loan Forgiveness Could Be Stuck With Debt Small Businesses Counting on Loan Forgiveness Could Be Stuck With Debt WASHINGTON — The embattled small business lending program at the center of the Trump administration’s economic rescue is running into a new set of challenges, one that threatens to saddle borrowers with huge debt loads, as banks begin …

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Companies With High Debt Are Paying a Price

Companies With High Debt Are Paying a Price

With enormous daily declines and rallies in the stock market alternating with dizzying frequency, reliable conclusions about the market’s prospects are hard to come by. But some fund managers and money managers think the coronavirus pandemic has exposed a long-ignored market vulnerability: high levels of corporate debt. Encouraged by the Federal Reserve’s promotion of ultralow interest rates since the financial …

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E.U. Backs Half-Trillion Euro Stimulus, but Balks at Pooling Debt

E.U. Backs Half-Trillion Euro Stimulus, but Balks at Pooling Debt

BRUSSELS — European Union finance ministers agreed Thursday night to a plan calling for more than half a trillion euros worth of new measures to buttress their economies against the onslaught of the coronavirus, but dealt a blow to their worst-hit members, Italy and Spain, by sidestepping their pleas for the bloc to issue joint debt. Even in the face …

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Fed to Buy Municipal, Some Riskier Debt as Part of Expansive Programs

Fed to Buy Municipal, Some Riskier Debt as Part of Expansive Programs

The Federal Reserve said it could pump $2.3 trillion into the economy through new and expanded programs it announced on Monday, ramping up its already-extensive efforts to help companies and state and local governments suffering financially amid the coronavirus. The central bank announced that it will use Treasury Department funds recently authorized by Congress to buy municipal bonds and expand …

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Fed to Buy Municipal, Riskier Debt as Part of Expansive Programs

Fed to Buy Municipal, Riskier Debt as Part of Expansive Programs

The Federal Reserve said it could pump $2.3 trillion into the economy through new and expanded programs it announced on Monday, ramping up efforts to help companies and state and local governments suffering financially amid the coronavirus. The central bank announced that it will use Treasury Department funds recently authorized by Congress to buy municipal bonds and expand corporate bond-buying …

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