A hundred billion here, a few hundred billion there, and pretty soon it all starts to add up. The Financial Times reports that a $647 billion “blind spot,” as measured by Barclays, exists in the financial reporting by Chinese banks — spanning both rural and...
The Indian government wants banks to handle issues surrounding bad corporate debts and has no plans to waive the loans, according to reports Friday (Dec. 29) in the Economic Times of India. “No proposal for waiver of corporate loan is under consideration of the government,”...
In response to mounting bad debt in the sector, the European Central Bank (ECB) will ask eurozone banks to put more cash aside to cover bad bank loans, according to a report in Reuters — and could request more measures to protect against it in the...
The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places. And if one is looking for places where that shift can be seen most acutely, it’s the consumer’s relationship to credit...
August 18, 2017
The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places. And if one is looking for places where that shift can be seen most acutely, it’s the consumer’s relationship to credit and household debt. “There was a huge deleveraging after the […]
October 11, 2023
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan Chase & Co., Citigroup, Wells Fargo and Bank of America are expected to report a combined $5.3 billion in net charge-offs for the third quarter, more than double the figure […]
June 06, 2019
A hundred billion here, a few hundred billion there, and pretty soon it all starts to add up. The Financial Times reports that a $647 billion “blind spot,” as measured...
October 05, 2017
In response to mounting bad debt in the sector, the European Central Bank (ECB) will ask eurozone banks to put more cash aside to cover bad bank loans, according to...
June 16, 2017
The credit card companies are out with data on May credit card charge-offs, which shows a mixed bag among the different players in the industry. Take Capital One, the credit...
