WASHINGTON— Ace Cash Express Inc. has agreed to pay $10 million in a settlement with federal regulators who accused the payday lender of illegally harassing borrowers to collect debts and get them to take out additional loans. The Consumer Financial Protection Bureau announced the agreement with Ace, one of the biggest payday lenders in the U.S.» Read More
Julian Callow, chief international economist at Barclays, tells CNBC he is hopeful the outcome of the presidential election will end uncertainty in the market..
One of France's most high-profile business figures has released a report which could be the wake-up call many believe France’s economy needs – or could end up gathering dust on an Elysee shelf.
Greece’s economy, in its fifth year of recession, is showing “tentative signs” of stabilization despite on-going political uncertainty, according to the latest research note from Credit Suisse. The bank pointed to increased industrial production and exports, as well as an improvement in competitiveness that is “well under way,” but also warned of the growing social cost.
The managing director of private equity giant Carlyle Group says ending too big to fail is a debate the market needs to have.
So the inventor of the financial superstore has finally turned against his creation.
Ben Simpfendorfer, Managing Director of consultancy Silk Road Associates urges economic reform in China. He says stimulus measures only provide a temporary shortfall to fill the gap in demand, and that China needs to bring the private sector back into play.
Glenn Levine, Senior Economist at Moody's Analytics says the Indian Prime Minister may find it tough to push through reforms due to India's acrimonious political situation.
Rahul Bajoria, Regional Economist, Barclays says Manmohan Singh's post as India's Finance Minister gives him the opportunity to pass much-needed economic reforms and to restore investor confidence.
Ever noticed how breakfast cereal tends to cluster together when the milk is added? There's a lesson in there for how to handle the global economic crisis.
Jeb Bush, former Governor of Florida (R), and his son, George P. Bush, St. Augustine Partners, discuss ways to empower small business and the policy reforms needed to carry them out.
CNBC's Rick Santelli weighs in on the Federal Reserve and reforms that could bring about growth and control costs. "Who's the big cheese? The big cheese isn't Ben Bernanke. The big cheese isn't Mario Draghi. The big cheese is Wisconsin," he says.
Diane Lin, Fund Manager, Pengana Capital says the tools that have been used to measure China's economic performance over the last decade won't be applicable in the coming ten years because of the structural changes taking place. She also explains why HSBC PMI data will continue to be weaker than government data.
Diane Lin, Fund Manager at Pengana Capital discusses China's move to expand its foreign investment quota.
With the Greek debt issue finally off the agenda following the completion of its debt restructuring and the euro zone still basking in the glow of the European Central Bank’s long-term refinancing operation, which pumped a trillion euros into the banking system, attention has turned to Spain’s finances.
Debating the merits of Rep Paul Ryan's plan to cut taxes and implement entitlement reforms, with Keith Boykin, CNBC contributor; David Freddoso, Washington Examiner; and Joe Watkins, former George H. W. Bush White House aide.
Discussing San Diego's serious labor problem, with Roger Hedgecock, syndicated talk show host.
China should accelerate the loosening of capital controls, its central bank said, in a report outlining the path to a freely tradable currency and more open capital markets. The Financial Times reports.
The last four months of the year have seen a big jump in U.S. companies filing for bankruptcy protection. We’ve ranked the top 10 bankruptcy filings of 2011, using data from banktruptcydata.com.
The number of property transactions in China’s largest cities has fallen to dangerously low levels, according to regulatory documents obtained by the Financial Times, and this could have a significant ripple effect. The FT reports.
Add health care fraud to ponzi schemes and insider trading at the top of the list of wrongdoing in the financial world.