* EU policymakers examine sovereign bond-backed security * Author of proposal says central bank could issue bond * Securitised model should soothe German resistance By John Geddie LONDON, Oct 12 A bond backed by a mountain of euro zone government debt accumulated by the European Central Bank in its latest stimulus programme could provide a…
China Construction Bank Corp., the nations second-largest lender, said it plans to raise 24 billion yuan ($3.6 billion) with Wuhan Iron & Steel Group for a fund that will help lower the unprofitable Chinese steelmakers debt levels. The two companies have already raised 12 billion yuan in the first stage of fundraising after reaching an…
THAT WILL BE £150! The campaign has been backed by a number of mental health charities A NEW campaign is attempting to block GPs earning money from doing patients paperwork. The movement, fronted by MoneySavingExpert.com founder Martin Lewis, aims to prevent NHS doctors charging mental health patients to fill in forms to get them financial…
Graduating college is a major milestone in many peoples lives, one filled with a sense of accomplishment. But one part of that occasion everyone could do without is having to come to terms with student debt. Its said that the average amount owed or an undergraduate degree is more than $35,000, which takes between 17…
I work at an outlet in Abu Dhabi and have some debt that is now really difficult to manage. I had some financial problems back home in India and had to send money in large amounts. This was mainly for the medical treatment for my wife and mother and other expenses. Also, I was building…
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…