News

Commercial Mortgage Delinquencies Now Surpass 2008 Financial Crisis Peak

Office and multifamily mortgages are defaulting at an alarming rate, putting billions in loan value at risk. Read more here.

US Consumer Credit Scores Fall at Fastest Rate Since Financial Crisis

Consumer credit scores in the US saw their biggest drop since the fallout from the global financial crisis in 2009.

Once-booming Santa Monica faces a dire fiscal crisis. The surprising way it got there

Santa Monica has declared itself in fiscal distress amid a budget crisis driven by $229 million in sexual abuse settlement ...

Why JPMorgan paid off Jeffrey Epstein after 2008 financial crisis

The 2007 implosion of two Bear Stearns hedge funds that invested in risky mortgage bonds led to the wider crash of the ...

The former CEO of Goldman Sachs thinks that America is due for a crisis — and pinpoints the area of the market he's most worried about

Ex-Goldman Sachs CEO Lloyd Blankfein pointed to one area of the market that worries him: private credit.

The average American homeowner lost $9,200 in home equity during the last year. It’s not a collapse but a ‘long-term market correction’

Borrower equity is the third-highest ever recorded, but Leo Pond from Four Seasons Sotheby’s told Fortune that a fast climb ...

'A desperate need to rebuild trust': Washington County works to fix financial crisis after years of budget errors

A nearly $3 million deficit has county officials seeking taxpayer support for an $11 million bond and exploring ways to avoid service cuts.

Meredith Whitney famously called the 2008 financial crisis. Here’s the new problem with the U.S. economy, she says

Nearly two decades ago, financial analyst Meredith Whitney was labeled the “Oracle of Wall Street” for her bearish views on banks ahead of the global financial crisis.

I’m middle class, but feel like I’m always on the brink of financial collapse — how do I finally pull ahead?

So, if you find yourself in the middle class but always feel like you're one emergency away from financial collapse, you'll ...

Weary Malawians look to this week’s presidential election as nation grapples with an economic crisis

Malawi is to hold a presidential election this week as the impoverished African nation grapples with an economic crisis and ...

What to know about Malawi's elections as an economic crisis grips the country

Malawi holds elections Tuesday to choose a president, lawmakers and local government councillors, the first national vote since a 2019 presidential election was nullified and redone a year later ...