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Search results for subprime

Democrats’ failure to punish CEOs for 2008 crash contributed to Trump’s rise, says Obama aide
3 weeks ago

Democrats’ failure to punish CEOs for 2008 crash contributed to Trump’s rise, says Obama aide

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Democrats’ failure to punish “greedy” CEOs for the 2008 …

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UPI enables expansion of credit among underserved borrowers: Study
1 month ago

UPI enables expansion of credit among underserved borrowers: Study

New Indian Express  

BENGALURU: Unified Payments Interface has enabled underserved borrowers to access formal credit for the first time as loans to new-to-credit borrowers in regions with high UPI adoption have increased by 4% and to subprime borrowers by 8%, according to a study. Titled Open Banking and Digital Payments: Implications for Credit Access, the study points out that the UPI, since its …

Credit Digital Borrowers Transaction Upi
’India’s success with UPI offers replicable model for other nations’
1 month ago

’India’s success with UPI offers replicable model for other nations’

Live Mint  

New Delhi, December 7 : India's success with UPI offers a replicable model for other nations, a paper written by noted experts asserted, arguing that how this indigenous fintech solution combined public digital infrastructure with open banking policies to reduce financial exclusion, foster innovation, and promote equitable economic growth. In regions with high UPI adoption, loans to new-to-credit borrowers grew …

India Digital Upi
UPI enabled significant expansion of credit among underserved borrowers: Study
1 month ago

UPI enabled significant expansion of credit among underserved borrowers: Study

Live Mint  

New Delhi, Dec 7 Unified Payments Interface has brought in a significant expansion of consumer credit among the underserved borrowers who had no credit history, a study said. By October 2023, 75 per cent of all retail digital payments in India were through UPI, according to a study titled Open Banking and Digital Payments: Implications for Credit Access. It has …

Credit Digital Upi Enabled Underserved Underserved Borrowers
【双语财讯】外国专家警告：美国经济衰退迫在眉睫
4 months, 2 weeks ago

【双语财讯】外国专家警告：美国经济衰退迫在眉睫

China Daily  

近日美国劳动力市场放缓、股市动荡，引发市场对美国经济衰退的担忧。专家警告称，种种迹象表明美国经济衰退即将到来。 After 11 consecutive aggressive rate hikes by the Fed from March 2022 to July 2023, the target range for the US federal funds rate has risen to between 5.25 percent and 5.5 percent. The July jobs report was softer than expected, with the unemployment rate rising for the fourth straight month — sparking a market sell-off and heightening fears …

Nifty 50 vs gold: How would your ₹100 have fared in post-subprime loan crisis?
5 months, 2 weeks ago

Nifty 50 vs gold: How would your ₹100 have fared in post-subprime loan crisis?

Live Mint  

Nifty 50 vs gold: Around 16 years since the outbreak of the subprime mortgage crisis caused the global financial crisis in 2008. Investors can adjust the allocation of gold and equities based on market conditions, economic outlook, and personal financial goals.” Infographic: Courtesy SS WealthStreet Taking the Nifty 50 index as a benchmark for the Indian equity return in the …

Indian Gold Loan Price Gold Price Nifty Crisis
Trump makes extra concessions on $175M bond in $450M civil fraud case: analysis
8 months, 2 weeks ago

Trump makes extra concessions on $175M bond in $450M civil fraud case: analysis

Raw Story  

Former President Donald Trump accepted five new conditions demanded by New York Attorney General Letitia James in order to get his controversial $175 million bond accepted in his civil fraud case, according to a new analysis. "The new conditions were needed, prosecutors argued, because they didn’t trust the financial health of the insurance company, Knight Specialty Insurance, who posted the …

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'Bond without effect': Trump warned Letitia James poised to grab assets as deadline nears
8 months, 4 weeks ago

'Bond without effect': Trump warned Letitia James poised to grab assets as deadline nears

Raw Story  

Former President Donald Trump and his legal team are reportedly running out of time to post the bond for appealing his civil fraud trial verdict before New York Attorney General Letitia James starts seizing his assets, according to a prominent real estate attorney. While New York state law requires that appealing a judgment requires a litigant to post bond equal …

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'Thoughts and prayers' extended to creditor behind Trump's $175M civil fraud bond
9 months, 1 week ago

'Thoughts and prayers' extended to creditor behind Trump's $175M civil fraud bond

Raw Story  

Former President Donald Trump paid his $175 million bond in the New York civil fraud case on Monday — preventing him from having sell off assets at least until his appeal works its way through the system. "The company that underwrote Trump's bond tonight in the NY Attorney General's civil fraud case, Knight Specialty Insurance Co., is owned by Don …

Rubin Trump Fraud
Behind the Byline | Vivek Kaul and the art of Easynomics
10 months, 2 weeks ago

Behind the Byline | Vivek Kaul and the art of Easynomics

Live Mint  

Welcome to this special series where you, the readers, get to know our writers at Mint better. View Full Image Vivek Kaul He has developed a unique style of hypothetical conversational narratives that can demystify complex subjects. His pre-budget story titled “How to explain the budget to an engineer" is a testament to his explanatory approach towards financial news. Kaul, …

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What is a secured credit card and how does it help build credit score? MintGenie explains
11 months ago

What is a secured credit card and how does it help build credit score? MintGenie explains

Live Mint  

These cards are usually meant for the customers who have an abysmally low credit score and they can use them to improve their score over a period of time A secured credit card is a variant of credit card that is backed by a monetary deposit given by the cardholder to a card issuing bank. Secured credit card is generally …

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Executives must be held accountable for failed banks: Warren Buffett
1 year, 8 months ago

Executives must be held accountable for failed banks: Warren Buffett

Hindustan Times  

Berkshire Hathaway Inc.’s Warren Buffett said executives in charge of failed banks should be held accountable for mistakes that in some cases were hiding in “plain sight.” Warren Buffett, CEO of Berkshire Hathaway Inc. Buffett also called out regulation overseeing the banking sector as riddled with skewed incentives, as well as poor messaging by regulators, politicians and the press to …

Warren Buffett Buffett Banks Warren
Repayment collection in India is a new field of tech innovation
1 year, 9 months ago

Repayment collection in India is a new field of tech innovation

Live Mint  

It is becoming something of a post-pandemic mantra in India: A lender whose portfolio of unsecured retail loans is not increasing by 50% annually is not trying hard enough. Collection is a cash-heavy business, but if borrowers have bank accounts, Credgenics’ gateway can process online payments, reducing currency-handling costs and curbing fraud. What started out with financing of durables like …

India Consumer Tech Credit Indian Collection Lenders
AIG unit that had big role in 2008 crisis nears official end
2 years ago

AIG unit that had big role in 2008 crisis nears official end

Associated Press  

NEW YORK — A unit of American International Group that played an outsized role in the 2008 global financial crises is nearing its official end. AIG said Wednesday in a filing with the U.S. Securities and Exchange Commission that its Financial Products unit has filed for Chapter 11 bankruptcy protection. Bad bets on mortgages by the Financial Products unit knocked …

Financial Mortgages Financial Products Sec Unit Aig Subprime Mortgages
In another pandemic fallout, used-car prices are way up, and the repo man is back
2 years, 5 months ago

In another pandemic fallout, used-car prices are way up, and the repo man is back

LA Times  

Repossessed cars and trucks usually end up getting sold at auction sites. Although statistics for this year aren’t yet available, title firms, government regulators and many people involved in auto collection and auctions say that repossessions are rising notably, particularly for used cars. “There was a period for a lot of creditors, they were deferring earlier in COVID,” said Colin …

Pandemic Financial Vehicles Loans Prices Man Auto
Barack Obama memoir: A Promised Land, reviewed.
4 years, 1 month ago

Barack Obama memoir: A Promised Land, reviewed.

Slate  

Slate has relationships with various online retailers. “At some basic level people were no longer seeing me,” Barack Obama writes of his 2008 presidential campaign in his new memoir, A Promised Land. “Trying to straddle the line between the public’s desire for Old Testament justice and the financial markets’ need for reassurance, we ended up satisfying no one,” Obama notes …

Land President Promised Obama His Presidency
Tianjin Museum of Finance
5 years, 7 months ago

Tianjin Museum of Finance

China Daily  

On June 9, 2010, the China Finance Museum Group established the first Tianjin Museum of Finance in Jiefang North Road with exhibits celebrating the century-old financial history in Tianjin. It was originally a French club and it is the first specialized financial museum in China integrating exhibitions, education, financial and cultural consumption and financial history research activities, and is open …

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Why Corporate America’s debt problem matters
5 years, 7 months ago

Why Corporate America’s debt problem matters

CNN  

New York CNN Business — The next recession, whenever it arrives, could be deepened by Corporate America’s debt-riddled balance sheet. But the next recession will expose Corporate America’s debt problem, revealing that many businesses binged on too much debt. Business debt has clearly reached a level that should give businesses and investors reason to pause and reflect.” Federal Reserve Chairman …

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