There’s the old saying: When you owe $500,000, the lender owns you. When you owe $50 million, well, you own the lender. The scenario comes to mind in the wake of news that default probability risk is increasing among companies owned by private equity firms. The...
WeWork, the embattled office space company, has revealed a “90-day game plan” that includes huge changes to the company, including the divestiture of all if its “non-core businesses” and layoffs, according to a report by CNBC. The changes are outlined in a 50-page presentation that...
New data released by Zillow reveals that medical debt and student loans are two of the biggest obstacles facing aspiring home buyers. The 4th annual Zillow Group Report on Consumer Housing Trends found that homebuyers with medical debt are more likely to be denied a...
Interest rates on credit card balances in the U.K. are the highest they have been in 13 years, according to a report by the Financial Times. Lenders in the country have stopped giving their best low interest rate deals due to new regulations by the Financial...
Even as the economy in the United States softens, Citigroup has been making a push for credit cards. The company is said to be among the most aggressive zero-interest balance transfer promoters, Reuters reported. Some investors and analysts, however, have concerns that the portfolio could...
The cost of higher education lingers, stymieing borrowers (and their parents) as they navigate their financial lives. Employees job hop, chasing higher paychecks to pay down debt. Employers are stepping in to offer benefits programs pay debt down faster — benefits that pay off, Tuition.io...
An increasing number of Americans are struggling to keep up with their student loan and credit card debt, Reuters reported on Tuesday (Aug. 13). The number of student loans unpaid for several months has increased, even though total student loan debt went down a bit, from...
Chase Bank credit card customers in Canada were treated to an unusual gift when the lender forgave their outstanding debt, Fortune reported on Thursday (Aug. 8). Holders of the Amazon.ca Rewards Visa and Marriott Rewards Premier Visa Two credit cards can consider their obligation paid...
DeepMind, an artificial intelligence company based in London that Google bought for £400 million ($486 million) in 2014, is deeply in debt and owes its parent company, Alphabet, upwards of £1.04 billion ($1.26 billion), according to a report by the Financial Times. The company’s losses...
