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Mike Novogratz says it's crypto's moment to shine as markets watch trillions of bad debt spark a global banking fiasco
Banks have been sitting on an "orgy of debt," Galaxy CEO Mike Novogratz said, leaving customers exp…
Morgan Chittum
Crypto exchange CoinFlex says it needs more time to restart withdrawals as it scrambles to fix a $47 million bad debt
CoinFlex halted withdrawals while it searches for a solution to the $47 million bad debt, which the…
Zahra Tayeb
Andhra Bank and Allahabad Bank willing to sell bad loans worth Rs 6,000 crore
Andhra Bank has decided to sell off more than 100 accounts with loans that add up to about Rs 4…
The ECB plans to set up an Amazon-style marketplace to sell billions in bad debt in a challenge to Wall Street, Reuters reports
The proposal has not been signed as yet. European Central Bank officials plan to discuss the scheme…
Shalini Nagarajan
Lost hopes! SBI expects to recover only part of Kingfisher loans
"There are no takers for the Kingfisher Airlines brands which are valued (at) Rs 7-315 crore." a se…
India falls behind China in economic growth, and PM Modi should be worried
However, what's more worrying is that demonetisation isn’t the only reason behind this ra…
No more waiting period for banks to start loan recovery
This would prompt banks to plan their recovery strategies in advance. Some industr…
Huge challenge lies in front of Raghuram Rajan as banks can still mask bad debts
India's banks are grappling with more than $110 billion of corporate stressed debt, a burden that i…
State-run banks turning to consultancies to take help in identifying NPAs
However, since a lot of banks are not able to identify stressed loans, these consultancies are play…
Why bad loans can pose a systemic threat
Of course, this has been contributed by the overall investor pessimism in equity markets, triggered…
Defaulters must not flaunt money: Raghuram Rajan's veiled snide at Vijay Mallya for celebrating 60th birthday in style in Goa
"If you are in trouble, you should be cutting down your expenses," said Rajan in what appeared to b…
RBI Governor Raghuram Rajan is not mincing words, tells employees to penalise rich and mighty defaulters too
In his New Year message, Rajan told his employees to penalise the wrongdoers, without differentiati…
Raghuram Rajan backs GST, says it will make India a common marketplace
During his address to a gathering at Presidency University, Rajan said GST will be good for economy…
Raghuram Rajan appeals to public banks to clean-up bad debt
“I am here to talk on resolution of financial distress. I’m talking about obituaries rather than bi…
Here's The Difference Between Good And Bad Debt
The classification of good or bad isn't delineated in your credit report, so you do have the power …
Italy's biggest bank is trying a €13-billion fix for its bad debt problem
The Italian banking crisis is coming to a head after the resignation of former Prime Minister Matte…
Ben Moshinsky
SBI to organise e-auction to clean up its bad debt sheet
This is will one of the biggest online sale in India till date. According to the leading news agenc…
IMF: Chinese banks are disguising bad debt just like US banks did before the '08 financial crisis
And the China Banking Regulatory Commission recently changed the rules to limit banks' ability to c…
Jim Edwards
China is carrying $1 trillion in bad debt and 'unless this vicious cycle is broken, financial crisis or at least a sharp slowdown is an inevitable ultimate outcome'
China's total factor productivity (TFP) growth rates are either close to zero or could have already…
Jim Edwards
This is crazy. Public Sector Banks just wrote-off a whopping Rs 1.14 lakh cr in bad debt accumulated over 3 years
This was more than the amount written off in the previous nine financial years. "The public sector…