article thumbnail

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 92
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

This partially explains why sports investment banking has become a hot field, with JP Morgan and Goldman Sachs launching their own sports coverage groups. For a long time, sports teams and franchises were not worth that much, so banks rarely put their “A-Teams” on these deals. What is Sports Investment Banking?

article thumbnail

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 110
article thumbnail

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.

Banking 131
article thumbnail

Italy unveils tax-cutting 2024 budget amid debt worries

Global Banking & Finance

Italy unveils tax-cutting 2024 budget amid debt worries By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s government on Monday approved a budget for next year with measures worth around 24 billion euros ($25.3 billion) in tax cuts and increased spending, despite market concerns over the country’s strained public finances.

Debt 126
article thumbnail

Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Mergers and Inquisitions

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed debt investing offers advantages over other hedge fund strategies , but the marketing often oversells the benefits.

Debt 103