Published by Promoting Economic Pluralism
NEW YORK (AP) — They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the …
Zombies: Ranks of world’s most debt-hobbled companies are soaring, and not all will survive Read More
When Tammy Crowder’s phone rang late one evening in February 2018, her eldest sister, Joy, sounded panicked. Their mother, Cleveland Hager, had slipped and fallen on her side, injuring her …
When the State Comes for Your Estate Read More
Banking giant Capital One has announced plans to acquire Discover Financial Services for $35.3bn in a deal combining two of the United States’s biggest lenders and credit card issuers. Capital …
US banking giant Capital One to buy Discover Financial for $35.3bn Read More
Franchisees with hundreds of restaurants flew under the radar, in one case collecting $60 million in PPP loans. Relief grants meant to buoy small businesses at the onset of the …
Fast-food giants gobbled up $1 billion in federal aid for small businesses Read More
Cambodia’s Microfinance Institutions (MFIs) have been hit hard by the COVID-19 pandemic, amid claims that that overlending to poor borrowers, who can ill-afford to repay, has resulted in land seizures …
Cambodia’s Microfinance Industry in Troubled Waters Read More
In the northern English seaside resort of Blackpool, the family-run Elgin Hotel is preparing to reopen in August after four months’ enforced closure. The Elgin had a profitable 2019, but …
Britain’s COVID lending schemes risk widening regional divides Read More
It wants firms to make sure staff are trained to manage the needs of vulnerable people and to understand that customers’ circumstances can change The Financial Conduct Authority (FCA) has released draft …
Regulator launches guidelines for lenders to protect vulnerable consumers Read More