Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
Category: Credit and Debt
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Some Workers Are Turning to Pay-Advance Apps for Basic Expenses
Rising use “is not a signal of satisfaction,” an author of a new report says. Rather, heavy users of the apps are under “financial strain.”
-
What Travelers Need to Know about Delaying Vacation Payments with B.N.P.L.
The pros and cons of buying travel on a layaway plan.
-
Argentina’s President Vowed to Fix Its Economy. Then Came a Crisis.
President Javier Milei slashed inflation and spending, but it wasn’t enough to stave off an economic crisis. President Trump has offered him a lifeline.
-
Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina
A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.
-
Those Missed Student Loan Payments Are Messing Up Your Credit Score
A new report finds that scores dropped the most for those age 18 to 29. Here’s how to deal with a drop in your score.