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Array Acquires Payitoff to Strengthen its Intelligent Debt Management Offerings

Global Newswire by Notified: M&A

Array acquired Payitoff, a pioneer in private-label, embedded debt guidance solutions for financial institutions, fintechs and brands.

Debt 81
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Africa Needs Its Debts Paused So It Can Prepare for Climate Catastrophe

The New York Times: Banking

Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.

Debt 145
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The Debt Problem Is Enormous, and the System for Fixing It Is Broken

The New York Times: Banking

Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.

Debt 145
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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?

The New York Times: Banking

The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.

Debt 145
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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 140
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China Faces a Crisis in Its Real Estate Sector

The New York Times: Banking

Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.

IT 98
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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