Ajay Banga will begin a monthlong “global listening tour” to drum up support for his nomination to be the bank’s next president.
Category: Credit and Debt
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How to Keep Revenge Spending From Ruining Your Retirement
Once the worst of the pandemic passed, some of us turned from being savers to spenders — setting ourselves up for potential disaster.
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Consumers Try to Change Their Spending Habits After the Pandemic
The pandemic gave consumers an excuse to spend more to make up for lost time. Those who went overboard are trying to reverse course.
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Student Loan Case Could Reshape Presidential Politics
President Biden has tried to bypass gridlock in Congress by using executive power. The Supreme Court is skeptical, and could curb that authority.
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Thomas H. Lee, a Pioneer in Leveraged Buyouts, Is Dead at 78
Born into wealth, he turned it into even greater wealth in founding a Boston firm and was remembered as a “kinder, gentler” corporate raider.
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Why a Strong Economy Is Making Stock Investors Jittery
After stocks jumped more than 6 percent in January, the tone shifted markedly this week as a steady flow of data showed the economy continued to run hot.
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A Missed $140 Million Payment Sends Sports TV Negotiations Into Overdrive
The owners of the regional television channels branded as Bally Sports have nearly $9 billion in debt and owe hefty rights fees to M.L.B., N.B.A. and N.H.L. teams. Now, they’re all on the clock to find a solution.
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How Young Couples Talk About Money in Relationships
In an age when making Venmo payment requests is easy, many young couples find that discussing their finances can be hard.
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Bed Bath & Beyond’s Stock Offering Is Backed by Hudson Bay Capital
Hudson Bay Capital has essentially agreed to make sure the troubled retailer will sell roughly $1 billion in shares as it tries to avoid bankruptcy.
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After a Burst of New Businesses, a Cooling Economy Intrudes
The pandemic has brought a boom in entrepreneurship, but higher interest rates, a chill in venture capital and fears of recession now pose obstacles.
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JPMorgan Sets Aside Money for Bad Debts as ‘Mild Recession’ Looms
The bank, the biggest in the United States, reported a large profit in its latest quarter, but said it was girding for a downturn later in the year.
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Rising Interest Rates Lift Profits at Bank of America and Wells Fargo
Both banks increased their reserves as protection against deteriorating economic conditions, but signaled optimism about consumer resilience.