/ Debt
China to Cut Stocks’ Stamp Duty for First Time Since 2008 as Market Hits 9-Month Low
If materialized, the proposed stamp duty cuts of 50% would mark the first such move in 15 years.
August 25, 2023Fitch Ratings Downgrades US Debt to AA+ Citing “Erosion of Governance”
Prominent credit rating agency Fitch downgraded the US sovereign debt from AAA to AA+ on Tuesday.
August 02, 2023Increase in Buy Now Pay Later Debt Amid Weak Regulations a Systematic Threat: Report
BNPL payments exceeded $120 billion in 2021 and are projected to grow by 24% over the next three years.
April 03, 2023US Credit Card Debt Increased by $46B in Q2 2022 as Inflation Woes Continue
Americans pile up credit card debt as surging inflation causes a record increase in consumer debt.
August 05, 2022Babel Lost 8,000 BTC and 56,000 ETH While Trading Customer Funds
Cryptocurrency lending firm Babel Finance lost 8,000 BTC and 56,000 ETH (worth $280 million) in proprietary trading with customer funds.
July 29, 2022