Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of Neiman Marcus and Bergdorf Goodman.
Category: Credit and Debt
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Big Changes Are Coming to Student Loans. Here’s What to Know if You’re Struggling.
Millions of borrowers who are behind can expect the government to tighten the options in 2026. Experts say take action now to get help.
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Can the Most Indebted Team in Global Soccer Fix Its Finances?
F.C. Barcelona’s liabilities have reached 2.5 billion euros, the result of financial mismanagement and vaulting ambition.
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Investors Warn of ‘Rot in Private Equity’ as Funds Strike Circular Deals
Buyout firms have struggled to sell companies they own and have instead found a workaround to get cash back to clients: Selling the companies to themselves.
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Investors Warn of ‘Rot in Private Equity’ as Funds Strike Circular Deals
Buyout firms have struggled to sell companies they own and have instead found a workaround to get cash back to clients: Selling the companies to themselves.
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Student Loan Borrowers in Default Could See Wages Garnished in Early 2026
Starting the week of Jan. 7, the Dept. of Education will begin sending notices about paycheck deductions to about 1,000 of five million borrowers in default.
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Private Equity, Saddled With Investments It Can’t Sell, Loses Its Luster
As funds deliver mediocre returns and sheds investors, the industry is struggling to unload 31,000 investments, an increase over this time last year.
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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.
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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.
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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.
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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.