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Foreclosures in China Soar, Threatening to Choke Off Bank Profits
Posted inBanking and Financial Institutions China Economic Conditions and Trends Foreclosures Mortgages Qingdao (China) Real Estate and Housing (Residential)

Foreclosures in China Soar, Threatening to Choke Off Bank Profits

When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.
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Posted by By Keith Bradsher
Why Germany Is Resisting UniCredit’s Takeover of Commerzbank
Posted inBanking and Financial Institutions Commerzbank Economic Conditions and Trends Europe Germany Italy Mergers, Acquisitions and Divestitures Unicredito Italiano SpA

Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.
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Posted by By Melissa Eddy and Bernhard Warner
Russia Raises Interest Rate to 21 Percent, Its Highest in Decades
Posted inBanking and Financial Institutions Central Bank of Russia Economic Conditions and Trends Inflation (Economics) Interest Rates Russia Russian Invasion of Ukraine (2022)

Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.
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Posted by By Anatoly Kurmanaev
Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry
Posted inBanking and Financial Institutions Consumer Financial Protection Bureau Credit Cards Customer Relations Fines (Penalties) Goldman Sachs Group Inc

Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry

The penalties and customer refunds stem from an investigation by the Consumer Financial Protection Bureau into Apple Card, which Goldman issues.
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Posted by By Danielle Kaye

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