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World Bank Warns of Record Debt Costs for Developing Countries

The New York Times: Banking

The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.

Debt 103
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Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat

The New York Times: Banking

The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.

Debt 145
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How to Pay Off Credit Card Debt and Deal With Rising Bank Fees

The New York Times: Banking

More borrowers have been falling behind on their credit card bills and are paying more for basic banking services, like A.T.M.

Debt 122
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How China’s Property Crisis Is Testing Its Too-Big-to-Fail Banks

The New York Times: Banking

Banks hold enormous amounts of real estate debt, and regulators are nervous. But a fast-moving crisis is unlikely because the government has extensive control of the system.

Bank 135
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Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

The New York Times: Banking

Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.

Debt 145
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Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks

The New York Times: Banking

A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.

Debt 145
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‘Zombie Offices’ Spell Trouble for Some Banks

The New York Times: Banking

Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.

Bank 140