When students graduate with mountains of debt, especially from shady institutions graduating a small percentage of those who enroll, they can fall into a vicious cycle of poor choices and ever more limited hori
When the UK was leaving Ceylon, there was no loan to foreign countries. But the economic setup of Ceylon balance payment was favorable to us. The dollar exchange rate (estimated) Rs 2.55. As a banker you are, I am going to approximate some details, instead of expanding on everything and...
Subprime auto loans have also been blowing out. In the third quarter, the serious delinquency rate of the $1.3 trillion in auto loans has risen to 4.71%, the highest since the worst months of the Financial Crisis, when the auto industry collapsed, and when the US was facing the worst une...