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For the the first time in a century, Russia defaults on international loans
Russia has the money to make a $100 million payment and is willing to pay, but sanctions have ma…
Real-estate lender NYCB is in turmoil, shredding nerves on Wall Street
New York Community Bankcorp said it had "identified material weaknesses in the company's internal c…
Huileng Tan
More Indian students are defaulting on their overseas education bank loans: Report
With more Indian students flying abroad to finish their studies, many have relied on hefty educatio…
Wells Fargo just agreed to pay $1.2 billion for improper mortgage lending practices
Wells Fargo has been a participant in the Direct Endorsement Lender program, a federal program admi…
Portia Crowe
China's Shadow Banking System Could Bring Down The World's Hottest Property Markets
Official Non-performing Loan (NPL) ratios for Chinese banks are less than 1% (0.93% for Bank of Chi…
Mamta Badkar
An often overlooked Fed report shows that the risky leveraged loan market isn't letting up anytime soon
Banks surveyed by the Fed also cited increased competition from other lenders as an important reaso…
Callum Burroughs
After months of discussions, Pakistan finally gets a $6 billion bailout from the IMF
Pakistan has routinely failed previous IMF conditions for loans such as privatisat…
Leaked documents show Amazon's seller lending business is booming. But the company's economists are worried about defaulters.
Amazon economists expect its seller lending program to double the volume of loans underwritten this…
Eugene Kim
Trump lost $40 million on his Scottish golf clubs by failing to implement a very basic financial practice, say experts
Trump's failure to hedge loans he made to his Scottish golf courses may have cost him tens of milli…
Thomas Colson
The Education Department is reportedly prepared to grant student-loan forgiveness to millions of borrowers within months after Biden makes an announcement
Politico obtained a memo of the department's plans for "speedy implementation" of student-loan forg…
Ayelet Sheffey
China signs yuan-denominated loans for Belt and Road Initiative, accelerating de-dollarization
Beijing's yuan lending spree comes after most of its prior Belt and Road Initiative loans were deno…
Aruni Soni
Government watchdog finds 'strong indicators of widespread fraud' in the $60 billion small business bailout program
The Small Business Administration's Inspector General said the suspected fraudulent transactions to…
Graham Rapier
The CEO of fintech company Lending Club is stepping down and now the stock is crashing
Given the events above, the Company took, and will continue to take, remediation steps to resolve t…
Myles Udland
Chinese credit is booming again
Housing lending improved too, as the demand for mortgages rose amidst further easing of mortgage po…
Ben Moshinsky
Pakistan has made an IMF economist the head of its central bank as it negotiates a bailout with the fund
With its foreign exchange reserves depleting, the cash-strapped and heavily indebted Paki…
International Finance Corporation proposes to invest $100 million in Hero Fincorp's secured debt
According to IFC, the proposed investment will enable Hero Fincorp to expand is loan book acro…
RBI tightens norms on personal loans for banks, NBFCs
The Reserve Bank on Thursday tightened norms for unsecured personal loans for banks and non-banking…
PTI
House Democrats are investigating Kodak's $765 million government loan after Elizabeth Warren urged an SEC probe
In a letter, Democratic leaders asked the government agency responsible for the Kodak loan for all …