A Kiatnakin Phatra Bank logo on display. KKP expects its non-performing loan ratio to increase to a maximum of 4% at the end of this year after reaching 3.4% in June.Patipat Janthong Kiatnakin Phatra Financial Group (KKP), a holding company of Kiatnakin Bank, expects a large number of customers to request financial assistance due to…
Jason Saltzman is a serial entrepreneur. He first cofounded SeamlessDocs and then went on to found The Alley, a coworking space based out of New York City. Following Alleys joint venture partnership with Verizon, Saltzman left to build something new and became fascinated with the debt consolidation and relief space. Thats how Relief, cofounded by…
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Find Out If You Qualify For Debt Relief Free, No-commitment Estimate Just as your debt can snowball into larger and larger amounts, it also can be reduced by adopting…
PARAMUS, New Jersey (WABC) — Bergen Community College has announced it is erasing $5 million in student debt as part of an initiative to remove barriers for those seeking to complete their education. The institution is using a portion of funds received from the federal government for pandemic-related relief to satisfy the outstanding balances of…
Summary Companies Ambac and FGIC, longtime holdouts, to back restructuring plan Infrastructure bond holders to get $260 million in cash Judge to consider final ruling on plan voting kickoff Thursday The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we…
Chuck Schumer and Natalia Abrams, Opinion contributors Published 12:47 p.m. ET July 27, 2021 | Updated 1:13 p.m. ET July 27, 2021 Canceling student loan debt would be a bold step toward opportunity for millions, and reverse decades of economic injustice for people of color. Wilson Montoya immigrated to New York from Colombia and went…
Feeling guilty about swiping your credit card? Youre not alone: Almost 40% of Americans carried a balance on active credit cards in the last quarter of 2020, according to the American Bankers Association. Americans had over $761 billion in credit card debt in early July, and even that number is down from pre-pandemic high of…
By Kevin PeacheyPersonal finance correspondent, BBC News image copyrightGetty Images A plan has been brokered to cut down on aggressive debt collection by bailiffs as warnings of a post-pandemic surge in debt problems intensify. The agreement should see a new independent new body – the Enforcement Conduct Authority (ECA) – set up to ensure unfair…
Japaras expected to cost Calvary more than $550 million. Its $1.40 a share bid valued Japaras equity at $375 million, while the company had net debt worth $208 million as it most recent results (for the six months ended December 31). The bulk of the debt was to help fund developments. The deal marks a…
The G20 leading economy grouping should adopt more adventurous policies on lending to hard-hit developing nations to help overcome global divergence generated by Covid-19. That was a principal message from the joint National University of Singapore-OMFIF seminar on 26 July onDebt sustainability and the future: Rebooting development finance. Professor Meghnad Desai, chairman of the OMFIF…