The White House is exploring ways that Warren could run the bureau without having to go through a confirmation battle, leading to reports that Obama will use a recess appointment. But that would last only until the end of 2011….
The nation’s largest bank is reportedly considering a plan to sell or wind down several non-core assets that could be worth more than $100 billion. Bank of America collected $10 billion in the second quarter after the sale of s…
For a growing number of U.S. college graduates, a diploma marks the beginning of financial difficulties. The Education Department says those who were scheduled to begin paying back their student loans in 2007 were 52% more like…
Next month, debt settlement firms will no longer be able to collect advance fees from consumers seeking to escape their credit card debts. In the meantime, unlucky debtors are reporting losses as the firms begin to go belly up,…
Microsoft may sell debt later this year to fund share buybacks and dividend payments for shareholders of the world’s largest software maker. The company may opt to issue debt because interest rates are near record lows.
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