9 million student-loan borrowers mistakenly informed of debt relief approval – Business Insider

9 million student-loan borrowers received an email in late November with a subject line that their debt relief had been approved. It should have stated the applications had been received, not approved an error made by an Education Department contractor. The content of the email was accurate, but the contractor of the department will soon…

Exclusive: China’s top banks to issue offshore loans to help developers repay debt -sources – Reuters

HONG KONG/SHANGHAI/BEIJING, Dec 2 (Reuters) – China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, rolling out its latest support measure for the cash-starved property sector. The regulators have given ‘window guidance’, or verbal orders that leave…