A credit default swap is insurance against the possibility of default. Learn about their role in the financial crisis of 2007 ...

Banks or lenders impose hefty penalties, or late fee charges in case of a missed EMI amount. They may even impose higher ...

The loan repayment burden should be less than half of your monthly income. Here we discuss the consequences of defaulting on ...

The Maldives may face a loss of around $30-40 million per annum in customs fees due to the agreement with China, The Economic ...

But in 2016 it was used as collateral for a loan that the prince used in part to pay for the lease on a private jet. The following year, Saudi's Crown Prince Mohammed bin-Salman ordered a ...

Banks curbed finances owing to the default of a huge amount of loans, alleged to have been taken by the group using the influence of its Vice Chairman Salman F Rahman, who was an influential ...

Labour adviser M Sakhawat Hussain on Thursday said that the reopening of the closed factories of Beximco Group is no longer possible, as the factories have a massive default loans. Speaking at a press ...

The division alone took Tk 28,386 crore in loans, with Tk 21,564 crore now defaulted, it said. Of the 31 companies in this division, 15 entities, which are now defunct, acquired Tk 11,923 crore in ...

Instead, let's look into whether the defaulted loan culture has evolved into an institutionalised practice at the micro level that ultimately translates into a higher NPL ratio at the aggregate level.

This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face collection activity, including the garnishment of their wages and ...

In a new U.S. Department of Education memo obtained by CNBC, a top official lays out the steps the Biden administration has taken to stave off a default crisis among federal student loan borrowers.