Sentences with phrase «financial default on»

Not exact matches

This is a material threat given the vast quantities of money that central banks are printing to keep the banking and government sectors from defaulting on their monumental financial obligations.

The troubled drugmaker filed its 2015 financial report in late April, allaying concerns about a possible default on its debt of more than $ 30 billion.

It hopes to submit its restated financial statements for 2015 to regulators by April 29 to avoid defaulting on its debt.

More from College Game Plan: Student loan balances hit record $ 1.4 trillion The first steps to repaying your student debt Three ways to avoid the financial death spiral of defaulting on your student loans

Although college - educated people are more likely to have the financial wherewithal to buy a home than those without a college education, the mounting rate of default on student loans is hurting young people's credit ratings - and making it much harder for them to buy a home or condominium.

In other words, instead of skipping a handful of payments or defaulting on a loan, contact your creditors and lenders as soon as a problem arises and negotiate some form of resolution that's within your financial means.

Buffett said he was proud of the many people who have been able to buy a home with Berkshire's financial assistance, and that the default rates on its loans during the financial crisis were lower than those of other banks.

Policymakers are fixated on the debt ratio in part because it was at above 160 per cent that households in the United States and Britain ran into trouble about five years ago, contributing to defaults and the financial crisis that triggered the 2008 - 09 recession.

Credit default swaps figured prominently in the financial crisis, notably in the near - collapse of American International Group, a giant insurer that sold protection to investors in home mortgages but couldn't pay out on the policies when the housing market crashed.

Tax cuts on wealth are promoted as if they will be invested rather than used to pay the financial sector more interest or be gambled on currencies and exchange rates, interest rates, stock and bond prices, credit default swaps and kindred derivatives.

After rejecting Brooksley Born's attempt to regulate credit - default swaps at the Commodity Futures Trading Commission in 1998, he served his banking benefactors by passionately supporting Robert Rubin and Larry Summers in pressing the Clinton Administration to repeal Glass - Steagall, opening the door to make consumer banking dependent on wild financial gambling by the likes of Citibank and what has become Bank of America.

Combining this with poor sales growth results in a dismal outlook for earnings 3) the pressure on earnings will continue to hurt capital spending, which is usually just a magnified image of earnings, 4) the same factors will continue to raise default rates, causing earnings problems and debt downgrades among banks and financial companies, 5) earnings shortfalls will also lead to continued job cutbacks, with the unemployment rate rising to at least 5.5 % (indeed, once the unemployment rate has advanced by 0.5 % from its lows, it has never reversed until rising by least 1.5 % off those lows).

A technical loan default is when a borrower fails to meet a specific component of their loan compliance such as failure to comply with a non-financial covenant or a failure to deliver reports and financials on time.

According to the most recent report by Consumer Financial Protection Bureau (CFPB) from 2014, private student loan borrowers are finding out they are in default on their loans after the death of their cosigner.

Learning how to manage your loans and prevent defaulting on your debt is essential for your financial security.

Written by NCEO founder Corey Rosen, this issue brief discusses as of mid-2016 the extent and growth of employee ownership; survey data on ESOPs and corporate governance as well as ESOPs and executive compensation; research on the effect of ESOPs on corporate performance; the 2012 shared capitalism study of Great Place to Work applicants; data on employee ownership and employee financial well - being; the NCEO's analysis of data on ESOPs and default rates; trends in broad - based equity compensation plans; equity compensation and corporate performance; the impact of ESOPs and other broad - based plans on unemployment; legislative and regulatory issues for employee ownership; and international developments in broad - based plans.

Greece was officially declared in default on Friday by the European Financial Stability Facility, which holds 144.6 billion euros ($ 160 billion) of Greek loans.

The Markit iTraxx Financial Index of credit - default swaps on 25 European banks and insurers rose 4.5 basis points to 73.5, the highest since May 27, according to data compiled by Bloomberg.

Credit - default swaps on the senior debt of Banco Espirito Santo were the worst performing among financial companies around the world this week jumping 54 percent to the highest in eight months, according to data compiled by Bloomberg.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

The Financial Services Authority (OJK) said it was considering setting a cap on interest rates and the size of loans offered by fintech firms, in a move aimed at minimizing the risk of defaults.

Some also offer income - based repayment if you're in danger of defaulting on your student loans or your cosigner's financial situation has changed (due to a divorce, for example).

Recently gold challenged it's all time highs, being propelled largely by renewed concerns over the Greek debt crisis and the possible ramifications a default could have on global financial markets.

The other is that Greece defaults on its debt and financial markets go into turmoil.

In 2012, she dismissed a suit brought by Bank of America against troubled developer Kent Swig who had lost a fortune in the financial crisis, after Swig defaulted on $ 17.6 million in loans tied to his Upper East Side apartment.

Defaulting on your loans could spell financial disaster if Social Security is the centerpiece of your overall retirement strategy.

It popped when mortgagors defaulted on their loans, Credit default swaps with no reserves, issued in large part by AIG caused the financial industry collapse.

After all, AIG was already writing financial reinsurance through default swaps on such mortgages, why not add to a winning bet?

An official from the Consumer Protection Financial Bureau warned auto - defaulting on certain borrowers was breaking the law.

On the other hand, depending on the size of your defaulted loan and the severity of your debt, you may want to hire a bankruptcy lawyer to examine your financial situatioOn the other hand, depending on the size of your defaulted loan and the severity of your debt, you may want to hire a bankruptcy lawyer to examine your financial situatioon the size of your defaulted loan and the severity of your debt, you may want to hire a bankruptcy lawyer to examine your financial situation.

That the securities are retrievable is ensured by section 72 of the Danish Financial Business Act on Financial Services, which imposes on Danish banks to ensure that, the client's rights to their securities are at all times protected, also in case of a default.

Moody's Investors Service announced it would review «for possible downgrade» the credit ratings of five states, including Maryland, that could be hit particularly hard if Congress fails to raise the nation's debt limit by the Aug. 2 deadline and defaults on its financial obligations.

Those higher interests rates increase the financial burden on your country, and that in turn makes default more likely.

In 2007, the market for Credit Default Swaps (CDS) was on a six year journey from relative obscurity, to being the hottest financial product in the world.

There are many cross currents alive in the investment world as the LTRO is behind us, ISDA defaulted on its role as a referee on global financial issues in the face of political threats from the EUROCRATS, and the Bernanke FED looks to be waiting for a new crisis to erupt before undertaking another further easing.

Should Greek voters reject the austerity plan, it could lead to a messy default on the country's debt that would likely cause massive losses for banks that hold Greek bonds - and possibly spark a wider financial crisis that could send Europe into recession.

The insurance companies have promised to make timely interest and principal payments on any bonds covered by insurance if Puerto Rico defaults, said Rob Williams, director of income planning at the Schwab Center for Financial Research.

Esprit emerged from the buyout so deeply in debt — and Tompkins Buell's subsequent helmsmanship left the company in such desperate financial straits — that it went into technical default on its outstanding loans within less than two years.

The cost of insurance against defaults by European banks reached an all - time record for that reason last Friday, and banks stopped lending to each other on the interbank market «portending an imminent collapse of the financial system.

The proportion of congregations in the 1960s and 1970s that actually responded as prescribed to their contexts was in fact very small.21 As neighborhood populations changed racially, some churches whose physical and financial resources lingered after their former membership fled introduced service programs to assist the poor, but the adjustment seems in most cases to have stemmed from necessity or default rather than from deliberate reorientation and restructuring by members who themselves stayed on to be transformed.

The sandalwood grower's bondholders were issued a notice of default on June 8, 2017, The Australian Financial Review has learned.

Josh Brown, a financial advisor and popular blogger, notes in a post titled Optimism as a Default Setting that if you count the perma bears on the Forbes 400 list or the pessimists who run Fortune 500 companies, «you will find none.»

«Our analysis — modelled on the default scenario that the UK withdraws completely from the EU and fails to reach trade and customs agreements with remaining EU member states — opens the door to the possibility that Scottish businesses and taxpayers will face a range of additional financial burdens in the form of increased trading and labour costs.

Cantor singled out three NY Republicans — Reps. Ann Marie Buerkle (NY - 25), Michael Grimm (NY - 13) and Nan Hayworth (NY - 19)-- calling them «right - wing ideologues who would allow the United States to default on its financial obligations and cut all sorts of sensible public expenditures before asking corporations to pay their fair share.:

Reforms to the financial sector are very welcome, following a very difficult year for small businesses which have seen costs on overdrafts rise and loans being defaulted.

Does it make better financial sense to default on this loan, or to pay it back with interest over the next (century?)?

FLORENCE, Italy — With its national banks teetering on the edge of default and an uncertain economic future, Italy's financial woes have had a significant impact on state funding for arts education and the availability of student finance for Italian students, creating a challenging landscape for fashion education.

When four outsiders foresee the impending collapse of the global economy long before the big banks, media and government regulators realize what's happening, they capitalize on it by shorting the booming housing market through the invention of a clever financial instrument called the credit default swap.

A trader walks in New York City's financial district on Sept. 12, a day when stocks fell early based on fears that the Greek government would default, then rallied on news that China might buy Italian debt.

The DOT will also use the preliminary rating opinion letter to assess the project's overall economic, legal, and financial viability and the default risk on the requested TIFIA instrument and on any senior project obligations.