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Archive for September 2014

Borrowing binge to fund property investments has led to tsunami of debt Independent Columnist Says…

financial trouble

he country’s respected, middle-class professionals are in trouble. Big financial trouble. They went on a borrowing binge during the property bubble and these investments have gone sour. The upshot now is a tsunami of debt defaults. Up to now the problem has been managed. Banks were less aggressive, maybe fearing that aura around professionals. Interest-only…

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Bank stress tests set to be delayed until late October

financial crisis

The results of a wide-ranging review of Europe’s banks are likely to be published later than the Oct. 17 date pencilled in with the banks but will still be released before a formal deadline of end-October, people familiar with the matter told Reuters. The European Central Bank (ECB) is looking at how 130 of the…

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