debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

E*Trade Buys Student Loan Startup Gradifi
E*Trade Buys Student Loan Startup Gradifi
December 12, 2019  |  Partnerships / Acquisitions

Online discount brokerage firm E*TRADE has acquired Gradifi, a student loan benefits and financial wellness provider, E*TRADE announced in a press release on Monday (Dec....

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Personal Loan Growth Hints At Strategy Vs Credit Card Debt
Personal Loan Growth Hints At Strategy Vs Credit Card Debt
November 26, 2019  |  Consumer Finance

Call it a case of six of one, half dozen of the other. Call it a case of financial alchemy. Call it maybe — just...

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Reading Tea Leaves – And Ripple Effects – Of Corporate Default Risk  
Reading Tea Leaves – And Ripple Effects – Of Corporate Default Risk  
November 22, 2019  |  Debt

There’s the old saying: When you owe $500,000, the lender owns you. When you owe $50 million, well, you own the lender. The scenario comes...

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Carl Icahn Bets On Mall Owners Defaulting On Debt
Carl Icahn Bets On Mall Owners Defaulting On Debt
November 20, 2019  |  Investments

Billionaire investor Carl Icahn is betting against mall owners. Sources told The Wall Street Journal that Icahn can potentially gain $400 million or more if...

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WeWork Reveals 90-Day Plan To Turn Company Around
WeWork Reveals 90-Day Plan To Turn Company Around
November 08, 2019  |  Debt

WeWork, the embattled office space company, has revealed a “90-day game plan” that includes huge changes to the company, including the divestiture of all if...

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David’s Bridal Avoids Bankruptcy With Debt Deal
David’s Bridal Avoids Bankruptcy With Debt Deal
November 05, 2019  |  Retail

David’s Bridal has reached a debt deal, enabling the bridal chain to avoid another round in bankruptcy court. Sources told Bloomberg that the retailer had...

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Big Four Seek Guidance On Trade Finance
Big Four Seek Guidance On Trade Finance
October 25, 2019  |  B2B Payments

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place,...

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Struggling French Retailer Casino Lands €1.5B In Debt Equity
Struggling French Retailer Casino Lands €1.5B In Debt Equity
October 23, 2019  |  Loans

French retailer Casino announced that it has raised €1.5 billion ($1.67 billion USD) in bank loans so that it can refinance part of its existing...

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JPMorgan, Citi, Wells See Strong Credit Card Growth In Q3
JPMorgan, Citi, Wells See Strong Credit Card Growth In Q3
October 16, 2019  |  Earnings

In third-quarter earnings, credit card results at Citigroup Inc., JPMorgan Chase & Co., and Wells Fargo & Co. were a highlight. Nomura’s Bill Carcache noted...

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