The central bank held interest rates steady on Thursday, a decision that came at a time when British policymakers and lawmakers are confronting economic challenges.
Category: Credit and Debt
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Trump Administration Seeks to Return Medical Debt to Credit Reports
A federal rule restricting the debt’s inclusion has been canceled. Now, the consumer bureau is trying to overturn state restrictions.
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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.
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Wealthy Americans Are Spending. People With Less Are Struggling.
Data show a resilient economy. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market.
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Bessent Stakes Credibility and Taxpayer Money on Argentina Bet
Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
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Investors Shudder at Signs of Loan Trouble in Banks
After months of roaring share prices, stock investors were rattled this week by reports of souring debts on bank balance sheets.
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First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned
The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets.
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The Rules of Investing Are Being Loosened. Could It Lead to the Next 1929?
A group of financiers is trying to convince the public to invest heavily in private equity and crypto — a risky gambit with some real 1920s vibes.
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Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street
The unraveling of First Brands, a midsize auto-parts maker, is exposing hidden losses at international banks and “private credit” lenders.
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How ‘Buy Now Pay Later’ Built a New Culture of Consumption
‘Buy Now, Pay Later’ built a delirious new culture of consumption — and trapped users in a vortex of debt.
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Fears of Economic Turmoil Deepen in France as Another Prime Minister Quits
The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.