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Wonga on verge of collapse after surge in compensation claims

Wonga has lined up potential administrators after a surge in compensation claims pushed the payday lender to the brink of collapse, according to reports ... The lender blamed claims management compani... read more

Wonga’s collapse and what it means for the people who rely on payday loans

Wonga, the poster-boy of the British payday lending industry, has gone into administration following an influx of customer compensation claims. Its demise is a ... in accessing a payday loan from anot... read more

CBL & Associates: Is The Stock Worth $0?

Additionally, alongside that debt, the company also ... highlighting that this collapse in property valuations is occurring after a years-long bull market driven by GDP growth. Heck, jobless claims ar... read more

Parent Company Of New Haven Register, Shoreline Times Files For Chapter 11, Again

The Courant reports that some experts see this as an effort to move more quickly towards a "digital-only" company: "The Journal-Register Company is deploying bankruptcy as a tool to clear away the deb... read more

Payday lender Wonga collapses into administration amid deluge of customer compensation claims

The firm's folding confirmed Sky News' report on Sunday that the company was on the brink of collapse following a deluge of customer compensation claims. Wonga's descent ... off £220m worth of debt be... read more

Wonga stops taking payday loan applications as it faces collapse

On Wednesday, Wonga held emergency talks with the Financial Conduct Authority over the impact of its collapse on existing customers. One in seven trains arrive at least five minutes late It is thought ... read more

What the Hell Happened at GE?

Whatever happens ... creating a company owned mostly by GE. Regulators approved the deal last July; Baker Hughes stock quickly fell and has yet to reach the price it hit that summer, even as oil price... read more

Payday lender Wonga collapses into administration

Payday lender Wonga has collapsed into administration, bringing down the curtain on one of Britain’s most controversial loans companies. The firm’s collapse has ... £220 million-worth of debt belongin... read more

It's Literally The Best Time Ever To Buy This High-Yield Blue Chip

Over the past 27 years, these dividend growth legends have proven to be not just great ways to compound your ... to the company retaining $6.1 billion in FCF after paying its dividend over the past 12 ... read more

The sorry history of the near-destruction of investment banking at RBS

The RBS collapse ... told Business Insider: "While RBS and its former directors made some business decisions that have been criticised, this does not mean that they misled investors or acted illegally ... read more

Recession Reality Check

"When you have stocks, you have individual companies that want to make money. And [CEOs] want to make more money because the more money they make, the more their compensation ... your bank about possi... read more

Greece in crisis: What you need to know

Reckless lending by French and German banks allowed the Greeks to finance widening budget and current account deficits for six years, but private capital flows dried up sharply after the 2008 crisis . ... read more