As funds deliver mediocre returns and sheds investors, the industry is struggling to unload 31,000 investments, an increase over this time last year.
Category: Credit and Debt
-
Europe Funnels Billions to Ukraine but Wobbles Geopolitically
The European Union came up with an 11th-hour compromise to help Ukraine, but the solution raised questions about the bloc’s decisiveness.
-
Executives at Subprime Auto Lender Are Charged With Fraud
Federal prosecutors filed criminal fraud charges against two top executives at Tricolor Auto, and two other executives have already pleaded guilty to related charges.
-
Paramount Says Money Is No Object. Warner Bros. Isn’t Convinced.
Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay.
-
What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
-
Black Friday Deals Can Put People in Debt. Here’s How to Manage It.
The convenience of one-click purchases and “buy now, pay later” loans is making it easier for people to shop — and shop and shop — during the holidays.
-
Market Volatility Underscores Epic Buildup of Global Risk
Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises.
-
Britain’s Most Unpopular Chancellor in Decades Faces Another Big Test
Rachel Reeves, who has had a bruising tenure as the country’s top economic official, is set to announce tax and spending measures that risk stoking more discontent.
-
A Swath of Bank Customer Data Was Hacked. The F.B.I. Is Investigating.
SitusAMC, a technology vendor for real estate lenders, holds sensitive personal information on the clients of hundreds of its banking customers, including JPMorgan Chase.
-
Buying a House Is Expensive. But There Are Some Ways to Rein In Costs.
The Trump administration has proposed 50-year and “portable” mortgages to make home buying more affordable. But housing experts offer other suggestions.
-
A Bailout May Come Too Late as Farmers Begin to Plan for Next Year
It could be months before they receive aid, well after the winter period when they talk to their bankers and make decisions about the planting ahead.
-
They Got Low Mortgage Rates During the Pandemic. Now They Can’t Move.
Many Americans bought their first houses when mortgage rates dipped to record lows. Some are ready to move but feel locked in by their low rates.