May 4, 2022
“… I’m a military wife, and my husband died on active duty, so I’m now a widow. My student loan is sitting at $67,000. I’m 57 and I can’t afford to pay the loan because I’m on a fixed income…” https://www.marketwatch.com/picks/i-cant-afford-to-pay-the-loan-because-im-on-a-fixed-income-im-a-57-year-old-widow-with-67k-in-student-loan-debt-can-you-help-me-get-rid-of-it-01651010285?siteid=yhoof2… Continue Reading…
January 28, 2022
“According to CNBC + Acorn’s recently released Invest in You Student Loan Survey conducted by Momentive, 81% of people with student loans say they’ve had to delay one or more key life milestones because of their debt. Momentive surveyed 5,162 American adults between… Continue Reading…
September 17, 2021
“Half of people who haven’t yet purchased a home point to their student debt as a reason for the delay. That’s the finding from a new report by the National Association of Realtors, which partnered with Morning Consult to conduct an online… Continue Reading…
April 21, 2021
“There was a remarkable disclosure in the latest JPMorgan earnings report: the largest US bank – an entity that historically has best been known for making loans to the broader population – reported that in Q1 its total deposits rose by a whopping 24%… Continue Reading…
April 14, 2021
“JPMorgan Chase on Wednesday reported profit and revenue that exceeded analysts’ expectations on robust trading results and a $5.2 billion benefit from releasing money it had previously set aside for loan losses that didn’t develop. The bank posted first-quarter profit of… Continue Reading…
August 10, 2020
“Shares of Eastman Kodak plunged more than 40% at the low on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients. “Recent allegations of wrongdoing raise serious… Continue Reading…
June 19, 2020
“Banks including Credit Suisse Group AG and Morgan Stanley face a $300 million shortfall on margin loans to the embattled founder of Luckin Coffee Inc. The lenders, which also include Haitong International Securities Group and Goldman Sachs Group Inc., raised… Continue Reading…
April 14, 2020
“JPMorgan Chase & Co.’s first-quarter profit tumbled 69% and the bank set aside an additional $6.8 billion to cover potential losses on loans to consumers and businesses struggling to stay afloat during the coronavirus shutdown…” https://www.wsj.com/articles/jpmorgan-chase-reports-profit-falls-69-amid-u-s-coronavirus-outbreak-11586862723
November 12, 2019
“Consumers, salespeople and lenders are treating cars a lot like houses during the last financial crisis: by piling on debt to such a degree that it often exceeds the car’s value. This phenomenon—referred to as negative equity, or being underwater—can… Continue Reading…
October 16, 2019
“…Most investors are not even aware of the full extent to which the leveraged loan markets are threatening the general economy. In fact, most investors might not even know what a “leveraged loan is. A leveraged loan is a loan… Continue Reading…
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