loans

Zombie banks are stalking Europe’s economy

FRANKFURT, Germany — The walking dead are gnawing at Europe’s weak economy — zombie banks and zombie companies. Almost a decade after the financial crisis that ravaged the global economy, analysts and top officials are warning that too many banks in Europe are struggling financially, keeping them from lending to companies and fostering growth. Calls [...]

By DAVID McHUGH - Associated Press|2017-04-24T10:04:00-04:00Wednesday, October 19, 2016|

If payday loans go away, what replaces them?

NEW YORK (AP) — The lenders who advance poor people money on their paychecks charge exorbitant interest rates that often snare the most vulnerable customers in a cycle of debt, the industry’s critics have long said. Yet even consumer advocates who loathe the industry admit it fulfills a need: Providing small amounts of cash quickly [...]

By KEN SWEET - Associated Press|2017-04-24T10:12:06-04:00Friday, July 8, 2016|