Latest in Oaktree backed bank under court administration over mafia linked loans
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Oaktree-backed bank under court administration over mafia-linked loans
Milan prosecutor says there is evidence of state-guaranteed loans given to businesses connected to organised crimeWorld - Financial Times - October 24 -
Court of Appeal sides with UK consumers over ‘secret’ car loan commissions
Close Brothers shares plummet after landmark ruling that puts sector at risk of redressBusiness - Financial Times - October 25 -
Deutsche Bank warns of rising bad loan provisions
German lender posts record third-quarter profits but tells investors to brace again for credit risksBusiness - Financial Times - October 23 -
‘Question loan charge tax officials under oath’
MPs pledge independent inquiry into much-criticised policyWorld - Financial Times - 6 days ago -
Italy arrests dozens over €520mn ‘mafia tax fraud’
Luxury cars and boats among items seized over widespread VAT fraud scheme, says European prosecutorWorld - Financial Times - November 14 -
Biden Administration Floats Student Loan Relief for Borrowers Facing Hardship
The proposal, which faces tough legal prospects, would offer forgiveness to millions of borrowers who are unable to pay back their loans because of financial setbacks.Business - The New York Times - October 26 -
Deteriorating Loans Stress Regional Banks’ Office Building Portfolios
The commercial real estate borrowing crisis hasn’t gone away, as shown by about a dozen mid-sized banks reporting a rise in missed payments from commercial real estate borrowers.Business - Inc. - October 29 -
Banks face growing risk as double defaults on commercial loans mount
A bank practice known as ‘extend and pretend’ has delayed a write-off reckoning but may hide a growing systemic riskWorld - Financial Times - November 7 -
Student loan servicers are pulling incorrect payments from borrowers' bank accounts, consumer protection bureau says
Lenders often encourage federal student loan borrowers to sign up for automatic payments. But a new report shows the decision can backfire.Business - CNBC - Yesterday -
Student loan servicers are pulling incorrect payments from borrowers' bank accounts
Lenders often encourage federal student loan borrowers to enroll in automatic payments.Top stories - NBC News - Yesterday -
G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets
The economic lifeline is expected to be disbursed by the end of the year.Business - The New York Times - October 24 -
What abortion rights might look like under a new Trump administration
Recent ballot measures reveal that many Americans back abortion access while also supporting Trump. Caitlin Huey-Burns, who covered the president-elect's campaign and spoke to him on the issue, ...Top stories - CBS News - November 12 -
What is DOGE, the new department Musk and Ramaswamy will lead under the Trump administration?
Elon Musk and Vivek Ramaswamy will join forces to lead a newly formed Department of Government Efficiency (or DOGE, for short), President-elect Donald Trump announced. But what will the department do?Politics - The Hill - November 13 -
How environmental agencies could be managed under new Trump administration
As President-elect Donald Trump names his cabinet picks, environmental groups are concerned over who he's chosen to regulate environmental and energy policies.Top stories - ABC News - 5 days ago -
Student loans, Title IX: What education policies might come out of a Trump administration
School choice will have a proponent in the Oval Office, and the federal Department of Education could be in existential danger after Tuesday's election. GOP education initiatives have been ...Politics - The Hill - November 7 -
Deutsche Bank shares fall on doubling of third-quarter loan losses but profits rise
Deutsche Bank’s pre-tax profits were lifted by a reduction in the provisions it has set aside to settle litigation related to its Postbank acquisitionBusiness - MarketWatch - October 23 -
German court rules against Deutsche Bank in Postbank acquisition lawsuit
Deutsche Bank said it will now analyze the judgement and noted it has booked provisions covering all outstanding claims by the plaintiffs, including interest accrued to date.Business - CNBC - October 23 -
Harvey Weinstein's retrial moved to next year, lawyer plans to hire a private investigator
Harvey Weinstein's retrial on sex crimes charges in Manhattan won't start until next year and a new allegation against the former movie mogul will be included in the caseEntertainment - ABC News - October 23 -
8 million student loan borrowers would qualify for relief under Biden 'hardship' rules
The Biden administration announced on Friday proposed rules to give student debt relief to borrowers experiencing “hardship” in the president’s latest attempt to forgive student loans. The ...Politics - The Hill - October 25 -
Their student loans should have been canceled already. Now they fear it won’t happen under Trump.
Pressure is building on the Biden administration to process promised student-loan cancellations in its waning days.Business - MarketWatch - 2 days ago -
Car buyer payouts over loan scandal could be delayed
Regulators want to give more time to car dealers potentially facing a deluge of mis-selling claims.Top stories - BBC News - November 13 -
Rep.-elect Sarah McBride is ready to ‘push back’ on a second Trump administration
Voters in Delaware elected the country’s first out transgender member of Congress on Tuesday, with NBC News projecting a win for state Sen.Politics - NBC News - November 6 -
Biden administration backs contested Alaska wildlife refuge road
The Biden administration has thrown its support behind a controversial land swap that would allow a road to be built through a national wildlife refuge in Alaska. In a draft environmental review ...Politics - The Hill - November 14 -
Deutsche Bank shares shed 3% as lender's swing back to profit fails to impress
The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.Business - CNBC - October 23 -
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Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners
Experts say big tax bills could result from Rachel Reeves’ move in the BudgetBusiness - Financial Times - October 30 -
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U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets
Treasury Secretary Janet L. Yellen said an agreement was close. She also rebuked China’s lending practices and called for more debt relief.Business - The New York Times - October 22 -
I fear for freedom of the press under a second Donald Trump administration | Margaret Sullivan
We must fear for freedom of the press under a second Donald Trump administration. Just consider what we already know. Back in early 2016, as Donald Trump ran for president, he issued a warning that ...World - The Guardian - October 27 -
The Trump Bump: 3 Industries Likely to See More M&A Under the New Administration
Analysts predict that Trump’s second term could be a ‘golden age’ for mergers and acquisitions.Business - Inc. - 5 days ago -
Texas sues Biden administration over voter citizenship data
Texas Attorney General Ken Paxton filed a lawsuit against the Department of Homeland Security on Tuesday, alleging it violated a federal law that requires the agency to respond to inquiries from ...Politics - The Hill - October 23 -
House Republican threatens to subpoena Biden administration over alleged social media censorship
Republican Rep. Nancy Mace threatened to subpoena the Biden White House for communications with social media companies like Facebook over concerns about censorship before the election.Top stories - NBC News - October 24 -
Vance, Tapper spar over ex-Trump administration officials, military comments
Sen. JD Vance (R-Ohio), the Republican vice presidential nominee, joined CNN’s “State of the Union” and spent nearly the entire interview in disagreement with host Jake Tapper. Tapper asked Vance ...Politics - The Hill - October 27 -
The last actions the Biden administration will take before Trump takes over
Biden administration officials are working against the clock doling out billions in grants and taking other steps to try to preserve at least some of the outgoing president’s legacy before ...Top stories - ABC News - 6 days ago
