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.
Moody's Unimpressed With Eurozone Deal
By Marlene Y. SatterDespite hours of negotiations at a summit meeting last week that resulted in an agreement by 26 of the 27 European Union countries for closer financial ties, Moody's Investors Service was not impressed.
November 29, 2011
PIMCO’s Gross: Investors in ‘No Trust Zone’ for Euro Bonds Without ECB BackingWith debt overwhelming the eurozone and investors fleeing or demanding sky-high yields, PIMCOs Bill Gross said that it would cost the European Central Bank some 5 billion euros to lure investors back.
November 29, 2011
Moody’s Threatens Ratings Cuts for European BanksThe banks of 15 countries in Europe have been put on notice by Moodys: their subordinated debt ratings may be cut by the agency because there is the possibility that government support for that debt will not be forthcoming.
November 22, 2011
Shakespeare Nails the Supercommittee: News AnalysisOf the whole sorry saga, from the debt-ceiling deadline to the supercommittee deficit impasse, Shakespeare seemed to say of our national economic life that it is a tale told by an idiot, full of sound and fury, signifying nothing."
November 22, 2011
Moody’s Warns France as Markets Punish Nation's DebtAs yields climbed on French debt Tuesday, investors decided they had made up their minds about the countrys creditworthiness: whether or not Moodys cuts Frances triple-A rating, bond buyers are already demanding higher premiums for their funds.
November 22, 2011
Bank Earnings Hit Highest Level in 4 YearsThe Federal Deposit Insurance Corp. said the banking industry earned $35.3 billion in the third quarter. That's up from $23.8 billion in the same period last year.
November 11, 2011
Banks Cheated Veterans on Mortgages: LawsuitAs the nation honors military personnel on Veterans Day, apparently 13 banks face a lawsuit alleging they cheated veterans by charging illegal fees on mortgages.
November 10, 2011
Bailout Fund Too Small for Italy, Greece: FCIC’s Phil AngelidesPhil Angelides, chairman of the Financial Crisis Inquiry Commission, says he believes the current European plan to recapitalize banks is too small.