Some for-profit colleges may lose access to U.S. government aid as the Department of Education works to improve oversight of the sector.
Colleges that pay recruiters based on how many students they sign up could be disqualified from participating in …
Ireland will restructure its banking sector as part of a massive economic aid package from the EU and IMF.
Irish banks will shrink, merge or be sold off, Finance Minister Brian Lenihan said, according to The Associated Press.
The banks are saddled …
The European Central Bank, eurozone nations, and the International Monetary Fund (IMF) created a bailout fund of $955 billion in May to aid regional nations which might face funding issues. Whether that fund will be large enough to handle all Europe’s …
China increased reserve requirements at banks in a bid to control inflation and head off a potential credit bubble.
State-owned banks must set aside an extra 0.5% of deposits as reserves, starting Nov. 29. That means some lenders could be setting asi…
Pacific Investment Management Co., the manager of the world’s largest bond fund, plans to launch a fund worth at least $1 billion to buy distressed loans from banks.
The fund will buy up past-due debt including commercial and residential mortgage loan…