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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 93
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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 111
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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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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
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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
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Sizes of European government debt trades halve in 2023-ICMA

Global Banking & Finance

Sizes of European government debt trades halve in 2023-ICMA By Yoruk Bahceli (Reuters) – Investors are having to put on much smaller trades more frequently in Europe’s government bond markets this year, trade body ICMA said on Wednesday, against a backdrop of declining liquidity as markets adjust to sharply tighter monetary policy.

Debt 124