And, of course,
bank debt falls into the same category — bond investors should be old enough and smart enough to realize this.
Not exact matches
TORONTO, May 1 - The Canadian dollar
fell to a four - week low against its U.S. counterpart on Tuesday before paring its decline, as
Bank of Canada Governor Stephen Poloz said the outlook for the domestic economy is good despite the overhang of high household
debt.
The ECB announced in a statement on Wednesday that the «significant deterioration of the liquidity situation of the
bank in recent days led to a determination that the entity would have, in the near future, been unable to pay its
debts or other liabilities as they
fell due.»
Cannon figures that the average credit quality of a the big
banks lending portfolio probably
falls halfway between high - yield
debt and investment grade.
These instruments have coupons like traditional
debt but can be written down or converted into equity if a
bank's capital
falls below a certain level.
When taxing capacity
falls short of financial commitments, central
banks usually end up printing money to buy up government
debt.
Wages and prices are assumed to
fall proportionally, enabling shrinking economies to «earn their way out of
debt» by squeezing out a trade surplus to earn the euros to carry the enormous mortgage
debts that fueled the post-2002 property bubble, and the new central
bank debt taken on to support the exchange rate.
Unhedged foreign currency
debt, as was prominent in 1997, means that a
fall in the currency pushes up
debt servicing costs for the government, local corporates and
banks, but a rise in interest rates to assist the exchange rate has the same adverse effect.
SMS» senior lender, Harris
Bank, and its mezzanine capital provider, Granite Creek Partners, both of whom City Capital worked with last
fall in connection with a
debt financing for SMS, are Chicago institutions.
But after the bubble burst on December 31, 1989, the mortgage
debts and stock that that Japanese
banks held in their capital reserves
fell short of the valuation needed to back their deposit liabilities.
Market Focus Middle East Investment
Banking Although investment bankers remain cautious about Middle Eastern prospects in the wake of
falling oil prices, M&A activity and
debt issuance remain bright spots.
China's leadership and central
bank are ready to cut interest rates again and also loosen lending restrictions, concerned that
falling prices could trigger a surge in
debt defaults, business failures and job losses, said sources involved in policy - making.
And international buyers, from Europe to Japan, are backing away from U.S. corporate
debt as a
falling dollar drives up hedging costs at the same time curtailed central -
bank buying drives up global yields.
Banks» holdings of Italian sovereign
debt fell to 377 billion euros in June from 397 billion euros a month earlier, according to European Central
Bank data.
(a) Expanding the Green Investment
Bank's scale and remit as fast as possible, including relaxing the restriction on its ability to borrow before total public sector
debt begins to
fall.
Liu sent a first letter backed by a smaller coalition in July to some of the country's largest
banks, encouraging them to amend their mortgage modification practices in order to better serve customers who have
fallen victim to variable - rate and other mortgages, which have left many people struggling with crushing
debt.
«It is not exactly «money in the
bank» because we have not sold the bond yet and we haven't collected taxes from our tax base to pay off the bonds, but we do have voter authority to sell the bonds as long as we
fall within our
debt ceiling capacity,» he told LA School Report.
Even though you obtained the credit from the
bank, and you
fell behind on your payments, this does not releive the
bank from having to obey by federal laws, they still have to abide by
debt collection and related laws.
You
fell behind on your private student loan payments (by more than 90 - days); to the point where your private student loan account was «written off» and sold to a third - party
debt collection company (where the
bank — and whoever else is involved — can now remove the account from their balance sheet).
Finally the book fails to develop the details of China's economic / financial system, and as such,
falls into the hole that China bulls often do, neglecting the huge buildup of bad
debt inside the major Chinese
banks.
Until you do, you will not be eligible to borrow money at the best rates for things you want to do in the future and can
fall into
debt traps such as payday loans much easier than someone who understands how credit and
bank accounts work.
Still, the agreement could benefit
banks in the long run, if default rates improve and the costs associated with bad -
debt collections
fall, according to several industry analysts and consultants.
Since, in our case, the absolutely most - hated
debt is the biggest one, our
Bank of America Mastercard with its current balance of $ 24,697.75 and its current APR of 23.99 %, several of the smaller
debts will «
fall off» while we're attacking that.
The thought of clearing a
debt with the IRS in one
fell swoop is certainly appealing, and if your credit rating is not in good standing in order to obtain a
bank loan, that credit card can sure look good.
If you start to
fall behind in a
debt management plan, your credit counsellor will try and help you keep it going, but the creditors, the
banks, won't wait forever.
But with gas prices
falling this year, asset values in the gas patch followed suit, and the company's reliance on
bank debt has put it in difficulty again.
Once you
fall behind on a credit card payment by more than 4 - 6 months, the
bank will write - off the
debt as an «uncollectible
debt.»
When you
fall behind on private student loan payments, within about 4 - 6 months the
bank will write the
debt off and sell it to a third - party collection company.
If you
fall into this category, you will likely find it next to impossible to obtain
debt consolidation loans from traditional
banks and credit unions.
Government - sponsored enterprises, such as the Federal Home Loan
Banks, also
fall outside the budget because they are privately owned and their
debt does not bear the full faith and credit of the US government.
If you
fall behind on a loan account, the
bank may take money from your savings / checking account to satisfy your
debt.
A «
banking panic» occurs when «informationally - insensitive»
debt becomes «informationally - sensitive» due to a shock, in this case the shock to subprime mortgage values due to house prices
falling.
When you
fall behind on credit card payments, after approximately 4 - 6 months the
bank will write off the
debt, and sell it to a collection agency for as low as four cents on the dollar, and this allows you to now work direct with the collection agency and negotiate a settlement based on your hardship, where you can reduce the balance to a fraction of what is owed.
Any wording that gives
banks the right to collect a consumer's future wages or earnings to cover a loan default — some creditors may want you to agree to have money automatically deducted from your paychecks if you
fall behind on loan or
debt payments, but creditors are allowed to offer this option only under the condition that you can cancel automatic deductions at any time