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Priscilla Presley has sold her Los Angeles mansion to help out daughter Lisa Marie Presley, who continues to face mounting debt. Presley, the widow of Elvis Presley, listed the Brentwood, California estate for $5.3 million, popculture.com reported. Variety said that the home sold for even more than that, with a buyer agreeing to pay $5.5…
Priscilla Presley has sold her Los Angeles mansion to help out daughter Lisa Marie Presley, who continues to face mounting debt. Presley, the widow of Elvis Presley, listed the Brentwood, California estate for $5.3 million, popculture.com reported. Camera IconPriscilla Presley and daughter Lisa Marie Presley.Picture: AP Variety said that the home sold for even more…
The average student in debt has about $37,000 to pay. Its a more-than $1 trillion problem for the U.S. Congress could step in: There is a bill with bipartisan support that gives businesses a tax break if they help employees pay student loans. Some companies are awaiting the legislations passage to begin college debt repayment…
Completed your degree to be faced by a mountain of debt? Youre not alone. According to a new report by CNBC, outstanding student debt in the US has tripled over the last decade and is projected to swell to $2 trillion by 2022. CBS News also released a new report stating that the graduating class…
A new startup aims to help you get your student loans under control. Today, an app called Pillar, backed by $5.5 million in seed funding led by Kleiner Perkins, is launching a simpler way for consumers to better understand their student loan debt and even pay it off early. To do so, the app connects…
DUBLIN, May 29 (Reuters) – Bond sales linked to the resolution of Irelands banking crisis helped the central bank record a profit of 3 billion euros ($3.35 billion) last year, 2.4 billion of which has been paid to the state to help cut the national debt. The annual surplus paid to the state has risen…
The science fiction writer William Gibson once observed the future is already here its just not very evenly distributed. This sentiment almost perfectly describes the current state of digital transformation within banking. Some operational areas, like account opening and fraud management, have seen significant changes as banks have worked to redesign legacy processes around new…
Chinas financial regulators are stepping up penalties on banks and asset managers caught hiding bad debts as Beijing grows increasingly wary of the countrys opaque cache of unpaid loans. The strengthened enforcement underlines authorities rising concerns over a potential runaway bad debt problem at smaller banks in the country, a trend that Chinas top leaders…
In 2018, regulators forced banks to recognise the bad debt disguised as special mention loans, resulting in Rmb1.75 trillion ($372.5 billion) hitting the market for bad debt sales last year, the highest level in 20 years. The aim of such tight policy is to expose the problems at the banks to the regulators, because banks…