Tags: Debt

Saks Owner Under Pressure to Secure $1 Billion After Debt

Saks Owner Under Pressure to Secure $1 Billion After Debt Woes and Leadership Shake-Up

Saks Global is scrambling to raise $1 billion in new funding as debt troubles and a sudden CEO change fuel bankruptcy concerns.


Apollo, BlackRock, and Loomis Sayles Accused of Collusion in US Debt Market

A lawsuit claims Apollo, BlackRock, and other major lenders colluded to block Optimum Communications from refinancing its debt.

Kodak Warns It May Not Survive as $500 Million Debt Deadline Looms

Kodak warns it may not survive as it faces a $500 million debt deadline, raising concerns about the company's future.

Credit Scores Can Also Be an Early Warning Sign of Cognitive Decline, Research Finds

A new study found that credit scores, which measure a person's capacity to pay back loans, may also serve as an early indicator of cognitive deterioration.


Latest News

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France is being criticized by the European Commission for its excessive debt levels, prompting a rebuke that could complicate President Macron's reelection.
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Hong Kong faces rising cases of domestic helpers deceived into high-interest loans and receiving threats of violence if they fail to pay on time.
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Global debt has surged to $315 trillion, driven primarily by the economic impacts of the COVID-19 pandemic, merging and emerging markets, inflation, and even individual household debt.
Here Are 5 Signs an Applicant is Likely to Pass (or Fail) Debt Relief Program
Debt relief programs could be helpful for people drowning in debt who would qualify, but it could not be said for everyone else.
China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth
China  to issue 1 trillion Chinese Yuan in long-term bonds starting this week to boost the economy.
How to Pay Household Debt In a Time of Economic Hardship
With US household debt reaching all-time high, people can pay off their debt by sticking to their preferences and asking for financial advice.
China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth
Fitch Ratings has downgraded the outlook on China's sovereign credit rating from stable to negative.
US Credit Card Debt Soars to a New Record High of $1.13 Trillion
Credit card balances in the US reached a new record high of $1.13 trillion, according to data released by the Federal Reserve Bank of New York.
Here is how Australia's household debt binge has left the country vulnerable as economy shrinks.
The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday. After that, it will be sent for debate on the House.
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