Student Loan Debt
How advisors can help clients understand the burden of student loan debt and the best ways to reduce, eliminate or manage the debt load.
October 27, 2011
Freddie Mac CEO and 3 Chairmen to ResignFreddie Mac CEO Charles E. "Ed" Haldeman Jr. will resign within the next year, according to the government regulator that oversees the mortgage giant.
October 27, 2011
The 50% Solution: Greek RescueThe solution entails a 50% write-down of Greek debt by banks, a boost in the euro zones rescue fund to $1.4 trillion and a substantial recapitalization of banks.
October 26, 2011
European Union Banks to Raise Capital Buffers by JuneEuropean governments will force their largest banks to quickly increase their cushions of capital to ride out market turmoil brought on by the debt crisis, officials said Wednesday.
October 25, 2011
European Banks, EU Squabble Over $55B in Greek Write-downsEurozone taxpayers could be on the hook for more than $55 billion if banks are compelled to take hefty write-downs on Greek debta measure banks are fighting even as officials try to convince them to accept massive cuts voluntarily.
October 25, 2011
Trichet’s Swan Song: Calls for New Eurozone Finance MinistryFinal speech by outgoing European Central Bank president met with protests, boos.
October 20, 2011
IMF, Troika Divided Over Greek RescueDissension over Greece's second bailout is dividing the bodies that make up the troika, the so-called joint commission of the International Monetary Fund, the European Union and the European Central Bank.
October 19, 2011
More Downgrades Hit Spain, Italian BanksSpain was hit on Tuesday with its third downgrade in 13 months as Moodys Investors Service dropped the troubled countrys rating two notches and left the outlook negative. Italy did not escape the day unscathed, either, as Standard & Poors hit its banking system, downgrading 24 banks and the nation's...
October 18, 2011
Threat of French Downgrade Endangers Eurozone Planoodys Investors Service said late Tuesday that Frances top-grade credit rating was under pressure from the eurozone crisis. The news could mean trouble for the plan being assembled by European leaders to avert a complete economic meltdown.
October 17, 2011
Chinese Americans Don't Over-Borrow, Study FindsWhile 72 percent of Chinese-American households hold a mortgage, only five percent of those households have outstanding auto loans, and only three percent have any other type of consumer debt.
October 17, 2011
Chinese Americans Don't Over-Borrow, Study FindsWhile 72 percent of Chinese-American households hold a mortgage, only five percent of those households have outstanding auto loans, and only three percent have any other type of consumer debt.