Borrowing money

Comedian Bob Hope once joked, “A bank is a place that will lend you money if you can prove you don’t need it. We laugh, but it’s true. Credit institutions could not stay in business for long if they lent money to people who could not repay it (with interest). …

BENGALURU : Merchant payments and financial services provider BharatPe is stepping up its game with consumers, entering the peer-to-peer (P2P) lending space with the launch of its product – 12% Club. BharatPe’s P2P offer will allow individual investors to invest and borrow at 12% interest via the “12% Club” application. …

Benjamin Purvis and Liz Capo McCormick / Bloomberg News (TNS) The reduction in the treasury of the US Treasury Department that helped fuel imbalances in short-term interest rate markets has now exceeded $ 1.5 trillion and the distortions may be far from over. The cash balance swelled last year as …

Karnataka Bank plans to raise up to Rs 6,000 crore of loan capital during the current fiscal year, and will seek shareholder approval at the AGM that will follow next month. In addition, the private sector lender also plans to raise equity by issuing 15 crore of shares through qualified …

Among the thousands of laws passed by Congress, few are as unnecessary as the federal debt ceiling, suspended since 2019 but now back. The debt ceiling fails to restrict congressional spending and tax laws that create the deficit that forces the government to borrow. Worse, it has become a way …

Dean Obeidallah asked if Indiana Senator Mike Braun wanted “back to slavery and that white men don’t vote too?” “ Indiana Senator Mike Braun received a brief history lesson on Twitter Sunday after Republican lawmaker declared in a tweet, “The founders never wanted the federal government to grow to this …

ATHENS, Alabama (AP) – A longtime Alabama sheriff convicted of felony charges and removed from office is expected to remain in jail until his conviction, prosecutors told a judge on Tuesday. Former Limestone County Sheriff Mike Blakely has shown no reason why he should be treated any differently from other …

SINGAPORE: After meeting a woman on the Tinder dating platform, a man secretly duplicated his keys and then used them to break into his house and steal S $ 40,000 in cash and jewelry. When the woman, who is now his ex-girlfriend, changed her locks, the man forged a police …

“This debt is Trump’s debt. It’s Covid’s debt, ”said Senate Majority Leader Chuck Schumer. “And the bottom line is that Leader McConnell shouldn’t be playing political games with the full faith and credit of the United States. Americans are paying their debts. Schumer met with Senate Finance Chairman Ron Wyden …

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital”. So it seems like smart money knows that debt – which is usually involved in bankruptcies – is …