A new report finds that the vast majority of short-term payday loans—4 out of 5—are not paid off within 14 days and are rolled-over or renewed.» Read More
The science fiction website io9 reports on a new study of microlending that finds that microloans work very differently than advertised.
China's May lending data have put policymakers in a dilemma over whether to tighten, loosen or pause monetary policy, according to Barclays Capital.
Discussing the chance of a subprime mortgage crisis in the banking industry, with Jeffrey Gundlach, DoubleLine Capital CEO.
When Credit Suisse bankers were debating with mortgage brokers over the stated income of a stripper who had purchased a $1 million home, they probably should have brought in an expert.
A debate about loan on a $1 million home loan home made to a stripper in Charlotte, North Carolina has turned up in the bond insurer MBIA’s case against Credit Suisse.
While JPMorgan Chase appears to have had a good first quarter, its earnings show evidence that a massive credit contraction is underway.
You would think that mortgage lenders would be chastened by the financial crisis and prolonged economic slump. After all, mortgage loans played a central role in the calamity from which we are still struggling to recover.
Whole Foods is a curious experiment in banking.
US banks do not have huge exposure to the disaster unfolding in Japan. On the face of it, JPMorgan has the biggest exposure with $53.9 billion of outstanding loans to Japanese companies. Goldman Sachs and Morgan Stanley come next, with Bank of America ranked fourth.