Latest in Financial Morass Produces
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England’s universities regulator warns of worsening financial outlook
‘Bold’ action required to stop higher education institutions falling into insolvency, says Office for StudentsWorld - Financial Times - November 15 -
UK unveils shake-up of financial compensation rules
Move is latest sign of government’s push to loosen City of London regulationBusiness - Financial Times - November 15 -
Treasury imposes sanctions on Russian banks, financial officials
Russia’s third largest bank, Gazprombank, and its subsidiaries were hit with U.S. sanctions on Thursday, making it the largest bank not already targeted as the Russia-Ukraine war nears its three ...Politics - The Hill - 2 days ago -
What are banks doing with your financial data?
Your transactions reveal a lot about you as a person — it could be valuable informationWorld - Financial Times - 2 days ago -
Biden tries again at student loan cancellation, for those in financial hardship
The Biden administration is moving ahead with a new path to student loan cancellation for Americans who face steep medical bills, child care costs and other types of financial hardship that prevent ...Top stories - ABC News - October 25 -
Biden unveils new student debt plan for people with financial hardships
President Joe Biden's plans to forgive student debt have hit legal roadblocks. Now a new plan would look to help people experiencing financial hardships.Top stories - CBS News - October 25 -
‘There is no money’: Cuba fears total collapse amid grid failure and financial crisis
Repeated blackouts leave residents concerned about food, water supply and Cuba’s future. Maria Elena Cárdenas is 76 and lives in a municipal shelter on Amargura Street in Havana’s colonial old ...World - The Guardian - October 26 -
Gen Z is thriving financially in these US cities, new report says
A new report has found that nearly a third of Gen Z — also known as Zoomers — already feel financially secure thanks to having both a job and a side hustle, particularly in certain cities around ...Politics - The Hill - October 26 -
Hank Azaria of ‘The Simpsons’ on the key to getting your parents to help you financially
The actor, who has voiced many a memorable character on the long-running animated series, is now heading up a Bruce Springsteen tribute band.Business - MarketWatch - October 28 -
Spirit Plans Layoffs and Plane Sales Amid Financial Turbulence
The company disclosed its plans for $80 million worth of cost-cutting moves, but has shared few details.Business - Inc. - October 28 -
Inflation is down — but the middle class is still feeling financial pressure. Here's why
Economists say there's a strong role for policy in affecting the prices of essential goods for American families.Business - CNBC - October 29 -
GB News fined £100,000 in first financial sanction by Ofcom
Media watchdog found show featuring Rishi Sunak breached impartiality rulesBusiness - Financial Times - October 31 -
Financial market worries over the UK budget appear to ease
Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other ...World - ABC News - November 1 -
The west must outdo rival efforts to build an alternative financial system
Technological and geopolitical competition between democracies and autocracies are two sides of the same coinWorld - Financial Times - November 3 -
TGI Fridays Files for Bankruptcy Protection Amid Financial Troubles
Dallas-based TGI Fridays filed for Chapter 11.Business - Inc. - November 3 -
Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash
Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.”Business - The New York Times - November 5 -
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French and Dutch investigators raid Netflix offices in probe of suspected financial wrongdoing
Judicial officials say prosecutors and police investigators who specialize in fighting major fraud and corruption have raided Netflix offices in France and the NetherlandsWorld - ABC News - November 5 -
US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement
Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt. Somalia has announced that more than $1.1bn (£860m) of outstanding loans will be ...World - The Guardian - November 6 -
How Jeff Bezos, Mark Cuban and other business leaders congratulated Trump
“Let that sink in,” Elon Musk said.Business - MarketWatch - November 6 -
Serious Fraud Office given extra funding to fight financial crime
Money will be used to reform how the UK agency manages its cases and handles evidenceWorld - Financial Times - November 7 -
Will you have a lower tax rate in retirement? Maybe not, financial advisors say
Most people will have a lower tax rate when they retire, but others won't due to factors like large required 401(k) and IRA withdrawals, advisors said.Business - CNBC - November 7 -
News Corp Financial Chief Panuccio to Resign; Chandrashekar Named Successor
The media company named Lavanya Chandrashekar as its next CFO, succeeding Susan Panuccio, who plans to step down from the role on Jan. 1.Business - The Wall Street Journal - November 7 -
Financial trade group calls on SEC chief Gensler to 'immediately' step down
The American Securities Association (ASA), a financial trade group, called on Securities and Exchange Commission (SEC) Chair Gary Gensler to immediately resign from his post following the election ...Politics - The Hill - November 8 -
Meet These 7 Potential Leaders of Financial Agencies Under Trump
A Robinhood attorney and Republican regulators are people being considered for top jobs with the SEC, Comptroller of the Currency and other roles.Business - Inc. - November 8 -
You can work at McDonald's and still become a millionaire, a financial psychologist says
Adopting a "rich mindset" can help anyone boost their net worth, according to behavioral finance expert Brad Klontz.Business - CNBC - November 9 -
Barça sign Nike deal, hope to ease financial woes
LaLiga giants Barcelona have announced a new multi-year agreement with kit supplier Nike which will help to further alleviate their financial problems.Sports - ESPN - November 10 -
Cop29 could change the financial climate for the world’s wealthy polluters
This week’s summit will focus on paying for the costs of global heating – and much more money is needed. About 50,000 government officials, policymakers, investors and campaigners will gather in ...World - The Guardian - November 10 -
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Reeves seeks reform of UK consumer redress in financial services sector
Chancellor considers overhaul as lenders face potential multibillion-pound bill for alleged mis-selling of car financeBusiness - Financial Times - November 13 -
Mortgage demand stalls as financial markets digest Trump presidency
While tiny, the week's increase in total application volume marked the first rise in overall demand in seven weeks.Business - CNBC - November 13 -
Mortgage demand stalls as financial markets digest Trump presidency
Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency.Top stories - NBC News - November 13 -
Will a big firm managing your money boost your odds of financial success?
Bigger may not be better — or it may be just what you need — but there are other factors.Business - MarketWatch - November 16 -
Q&A: Experts answered your questions on trade and markets in the Trump era
FT journalists responded to readers’ queries on how the global economy might change under the incoming presidentWorld - Financial Times - November 14