Latest in Bank’s 56bn Debt
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China unveils 10tn yuan support for debt-stricken local government
Cash stops short of hoped-for ‘bazooka option’, with critics calling it ‘an accounting exercise’ that will not bolster growth. China has announced 10tn yuan in debt support for local governments ...World - The Guardian - 4 days ago -
Here's how your credit card debt can become uncollectible
If you're behind on your payments or are curious about your rights regarding old debt, here's what to know.Top stories - CBS News - Yesterday -
How to get rid of credit card debt without ruining your credit
You don't have to sacrifice your credit score to get rid of credit card debt. There are lots of routes to consider.Top stories - CBS News - Yesterday -
Credit card debt among retirees jumps — 'It's alarming,' researcher says
There's been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.Business - CNBC - Yesterday -
Here's how to qualify for credit card debt forgiveness before 2025
Debt forgiveness could help you save money on what you owe, but you'll need to meet some requirements to enroll.Top stories - CBS News - 7 hours ago -
US banks ride ‘soft landing’ high
JPMorgan Chase and Wells Fargo beat forecasts as consumers prove more resilient than fearedWorld - Financial Times - October 14 -
Bank of America tops estimates on better-than-expected trading revenue
Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.Business - CNBC - October 15 -
UK to raise bank ringfencing threshold to ‘improve competitiveness’
Wider package of reforms expected ‘as soon as parliamentary time allows’, says ministerBusiness - Financial Times - October 15 -
Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves
The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.Business - CNBC - October 15 -
Switzerland’s wealth managers bank on a future in Asia
Hong Kong and Singapore are the world’s rising wealth centresWorld - Financial Times - October 16 -
UK to consult on ‘opt-out’ AI content scraping in blow to publishers
Decision follows months of lobbying from tech sector and creative industriesBusiness - Financial Times - October 16 -
Lebanon feels it is being punished for a decision Hizbollah made
Civil society has sprung into action but the overwhelming sense of solidarity may be hard to sustainBusiness - Financial Times - October 16 -
Cher, Tyra Banks and Others Celebrate Burberry’s Flagship Store Reopening
The British brand hosted a starry cocktail party to celebrate a makeover of its flagship store.Lifestyle - The New York Times - October 17 -
Why European bank mergers are back on the table
Rising rates have boosted profits and policymakers want banks that can compete with US rivals. But many obstacles remainBusiness - Financial Times - October 18