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3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
4 mins read
America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply
Empty offices could yield more than a billion square feet worth of housing supply, real estate expe…
Jennifer Sor
1 min read
Companies around the world are flashing a distress signal not seen since 2009
The number of distressed exchanges, a form of debt restructuring that takes place outside of bankru…
Jennifer Sor
2 mins read
There's one bright spot in commercial real estate amid an 'inevitable' wave of distress, CEO says
Commercial real estate has struggled post-pandemic, but the industry is seeing "an almost unquencha…
Kelly Cloonan
3 mins read
Maldives President Muizzu thanks India for economic support, affirms hope of signing FTA
Maldives President Mohamed Muizzu thanked India for its support to the island nation in easing its …
ANI
1 min read
Distress soared 440% in a key corner of the commercial real estate debt market in the last year
Distress among some loans packaged together and sold as bonds jumped in January, according to data …
Yuheng Zhan
2 mins read
The market is flashing signs of a dangerous debt bubble with losses that could be 'contagious,' economist says
US stocks could be seeing one of the most problematic types of asset bubbles, according to one Gold…
Jennifer Sor
2 mins read
Investors have lined up over $250 billion to scoop up distressed commercial real estate as pain in the sector continues
Private equity has around $256 billion in cash on the sidelines earmarked for properties in North A…
Jennifer Sor
2 mins read
An ultra-safe corner of the commercial real estate debt market is seeing losses as the sector struggles
Commercial mortgage bonds backed by high-quality properties are showing signs of distress as the ma…
Jennifer Sor
2 mins read
Country Garden just dodged a default but China's property-debt distress continues
Leading Chinese developer Country Garden avoided a debt-default last week with an 11th-hour coupon …
Joseph Wilkins
1 min read
Distressed commercial real estate debt hit $80 billion last quarter, the highest amount in a decade
There's around $216 billion in commercial real estate properties that could be considered in distre…
Jennifer Sor
2 mins read
US corporate debt defaults surge 176% as the Fed's war on inflation pushes more companies into financial distress
As many as 69 American firms defaulted on their debt during the first eight months of the year, mar…
Joseph Wilkins
1 min read
Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says
Defaults could ramp up by 1.5 times next year from the $30 billion level seen over the past 12 mont…
Jennifer Sor
2 mins read
A major student-loan company is being sued over claims it mismanaged 8 million borrowers' accounts, blocking them from lower payments and debt relief
The American Federation of Teachers filed a lawsuit against student-loan company MOHELA over claims…
Ayelet Sheffey
2 mins read
This year could be the breaking point for commercial real estate distress, research firm says
Commercial real estate prices will plunge 20% as the sector faces an enormous pile of debt coming d…
Jennifer Sor
2 mins read
Why a debt-fueled US economy is facing a hard landing in 2025, chief economist says
"Once people do begin to lose their jobs, once the economy does begin to slow down, you already hav…
Filip De Mott
2 mins read
Welcome to the 'tepid twenties,' a decade of sluggish growth and rising debt, IMF chief says
"Inflation is not fully defeated. Fiscal buffers have been depleted. And debt is up," Kristalina Ge…
Filip De Mott
2 mins read
A German bank says it's preparing for the worst property crisis since '08 as commercial real estate distress spreads
German firm Deutsche Pfandbriefbank took steep losses on its loans in 2023, and it's bracing for an…
Phil Rosen
2 mins read
Angry investors protested outside a Chinese shadow bank that missed payments. The rare public show of dissent point to serious trouble in China amid debt and housing distress.
The protest in Beijing came after Zhongrong International missed payments on dozens of investment p…
Huileng Tan
3 mins read
My fiancé was laid off months ago, and he's in debt. I'm now overworking myself to make ends meet.
Her fiancé was laid off and struggles to find a new job, so she's been overworking herself to compe…