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As paperwork vanishes, private student debts may be wiped away

Tens of thousands of people who took out private loans to pay for college but have not been able to keep up payments may get their debts wiped away because critical paperwork is missing. The troubled..
SFGate Also reported by •NYTimes.com

[Auto finance] is not going to bring down the financial system like the mortgage crisis almost did, but it does signal more stress with the consumer.

Stephen Caprio, credit strategist at UBS, as quoted by Bloomberg
SmartBrief

Videos for "Mortgage Crisis"

News video: Delta Proceeds With New York's LaGuardia $4 Billion Project Without Goldman

Delta Proceeds With New York's LaGuardia $4 Billion Project Without Goldman 01:02

Transportation officials on Thursday approved a revised $4 billion plan from Delta Air Lines to renovate its terminal at New York's LaGuardia Airport after Goldman, Sachs & Co, a financial partner in..
Source: Wochit Business -

News video: JPMorgan Reports 13 Percent Quarterly Increase

JPMorgan Reports 13 Percent Quarterly Increase 00:42

(Reuters) - JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, reported a 13.4 percent increase in quarterly profit on Friday as gains from higher interest rates more than offset a drop in..
Source: Wochit Business -

News video: Goldman Sachs Relaxes Dress Code For Techs In Fight For Talent

Goldman Sachs Relaxes Dress Code For Techs In Fight For Talent 00:53

Reuters has reported that Traditionally buttoned-up Wall Street bank Goldman Sachs Group Inc has relaxed the dress code for its computer engineers in a bid to attract tech talent with a more casual..
Source: Wochit Business -

News video: Italian Court to Hear $3 Billion Claim Against Morgan Stanley

Italian Court to Hear $3 Billion Claim Against Morgan Stanley 00:36

Reuters has reported that Italian prosecutors have decided to take Morgan Stanley to court over allegations that the U.S. bank caused $3.1 billion in losses to the state in relation to derivative..
Source: Wochit News -

News video: Is the Lehigh Valley a seller's market?

Is the Lehigh Valley a seller's market?

Is the Lehigh Valley a seller's market?
Source: WFMZ Allentown, PA -

 

Boao Forum for Asia Bangkok Conference Asian Regional Cooperation: Turn Challenges into Opportunities

BANGKOK, July 13, 2017 /PRNewswire/ -- The Boao Forum for Asia conference convened in Bangkok, Thailand calling for regional economic integration under the theme of "*Asian Regional Cooperation: New..
PR Newswire Asia

RBS agrees $5.5bn subprime charge with US regulator

Royal Bank of Scotland today agreed to pay a US regulator USD 5.5 billion (4.8 billion euros) over its role in the subprime mortgage crisis more than a decade ago.
DNA

The Return Of The "Minsky Moment"

the return of the minsky moment
Authored by Richard Rosso via RealInvestmentAdvice.com, “The emergence of money manager capitalism means that the financing of the capital development of the economy has taken a back seat to..
Zero Hedge

Private Equity: The New Neighborhood Loan Sharks

This article appears in the Summer 2017 issue of The American Prospect magazine. Subscribe here.  Mike Gallagher double-checks the address on his smartphone and walks up the cement steps of the..
The American Prospect

China's Ebay Offers Customers Cheap Groceries And Defaulted Loans On Bankrupt Companies

china's ebay offers customers cheap groceries and defaulted loans on bankrupt companies
At China's largest online retailer, TaoBao, customers can now buy literally everything from discounted groceries, apparel and pet food* to defaulted loans on their favorite bankrupt steel company or..
Zero Hedge

Agency moves to allow class-action suits against financial firms

The nation’s consumer watchdog is adopting a rule that would pry open the courtroom doors for millions of Americans, restoring their right to bring class-action lawsuits against financial firms...
SFGate

The Tennessean Names Acopia, LLC a Winner of the Middle Tennessee 2017 Top Workplaces Award

Acopia named one of the top 10 small companies to work for in Middle Tennessee. NASHVILLE, TN (PRWEB) June 28, 2017 Acopia, LLC has been awarded a 2017 Top Workplaces honor by The Tennessean. A..
PRWeb

Canary In The Coal Mine: Unfunded Liabilities Have Turned Illinois Into A "Banana Republic"

canary in the coal mine: unfunded liabilities have turned illinois into a banana republic
Authored by Daniel Lang via SHTFplan.com, *Illinois is the perfect example of what happens when your state is run by fiscally irresponsible dunces for decades. * *The state is buried debt, and..
Zero Hedge

Is The Millennial Homeownership Dream Shattered?

is the millennial homeownership dream shattered?
Authored by Alex Deluce via NIRP Umbrella blog, After three decades of extensive money printing, debt accumulation and devastating financial bubbles millennials are experiencing what it feels like..
Zero Hedge

‘Abacus’ bank owners defend their American dream

Except the business they founded — a small bank like the one in the iconic Christmas movie — became a high-profile government example of mortgage crisis fraud. While the “too big to fail”..
SFGate

A Bird's-Eye View Of American's Largest Auto Port

a bird's-eye view of american's largest auto port
Via StockBoardAsset.com, *In 1963, the Port of Baltimore was the first port of entry for the Volkswagen Beetle. *We have to thank the Germans for supplying the ‘Conscious Revolution’ of the..
Zero Hedge

Commercial Banks Slash Auto Loans Outstanding For First Time In Six Years

commercial banks slash auto loans outstanding for first time in six years
After the subprime mortgage bubble burst back in 2009, new regulations prevented banks from rushing right back into mortgages to re-inflate a market that nearly took down the global financial system. ..
Zero Hedge

FT: US Banks Fear Subprime Bubble in $1.2 Trillion Auto Loans Market

Big U.S. banks reportedly fear consumers have taken on more debt than they can handle as the $1.2 trillion car loan market shows warning signs of a bubble similar to the subprime mortgage crisis.
Newsmax

US banks pull back from $1.2tn car loans market

Overstretched consumers raise fears of bubble in echo of subprime mortgage crisis
FT.com

Mortgage Crisis 2.0: BofA CEO Wants To Slash Down Payments To Help Poor Millennials

mortgage crisis 2.0: bofa ceo wants to slash down payments to help poor millennials
Among a host of other issues, one the critical things that contributed to the housing crisis of 2008 was the fact that speculative borrowers had nearly no "skin in the game."  Anyone who decided they..
Zero Hedge

What you need to know on Wall Street today

what you need to know on wall street today
*Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.* Following the 2008 mortgage crisis, the biggest financial institutions in the country were given a..
Business Insider

A new movie exposes the 'ridiculous' case against the one bank charged after the 2008 crisis

a new movie exposes the 'ridiculous' case against the one bank charged after the 2008 crisis
Following the 2008 mortgage crisis, which led to a $700 billion government bailout, the biggest financial institutions in the country were given a light tap on the wrist in fines and penalties. None..
Business Insider


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