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Threat of US Credit Downgrade Hangs Over Debt Ceiling Negotiations

With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington...

Market Reaction Unlikely to Be Positive Despite Potential Debt Ceiling Agreement

Markets will want to breathe a sigh of relief if lawmakers can reach a deal on the debt ceiling to avoid a default. But...

US Debt Default Ruled Out Completely by Wharton Professor Jeremy Siegel

There is absolutely no possibility that the US government will default on its debt, Wharton finance professor Jeremy Siegel has declared. "There is zero chance...

Possible Rating Action Looms as U.S. Debt Talks Exhibit Change in Tone, says Moody’s

Rating agency Moody's expects the U.S. government will continue to pay its debts on time, but public statements from lawmakers during the debt ceiling...

Charles Schwab’s Successful $2.5 Billion Bond Issuance Inspires Regional Banks to Explore Debt Market

US regional banks could look to tap the investment-grade market after Charles Schwab Corp. raised $2.5 billion in bonds last week, according to analysts...

Global Chaos Looms If US Debt Default Occurs

The US government is currently engaged in what could be one of the most costly games of chicken in history. If Democrats and Republicans do...

Wall Street Concerned About Potential $1 Trillion Aftershock Resulting from Debt Deal

Looming behind market fears over the prospect of a historic US default is the less-discussed risk of what would follow a deal to resolve...

Bank of Canada Governor Tiff Macklem Urges Vigilance, Identifies Household Debt as Critical Risk in Canada’s Financial System

The Bank of Canada highlighted early signs of financial stress among Canadian households as one of the key risks in the financial system. The...

Global Debt Reaches Alarming Levels as Rate Hikes Spark a ‘Crisis of Adaptation,’ Warns Top Trade Body

The global debt pile grew by $8.3 trillion in the first quarter to a near-record high of $305 trillion as the global economy faced...

Global Debt Climbs as Emerging Markets Surpass $100 Trillion, Reveals IIF Study

A measure of debt across the globe rose in the first quarter to almost $305 trillion, and the rising cost to service that debt...

Dimon, Fraser, and Other Bank CEOs to Hold Meeting with Schumer on Debt Limit

Senate Majority Leader Chuck Schumer will meet with top executives of the nation’s biggest banks on Wednesday to discuss the federal debt limit, with...

Consumer Debt Hits All-Time High of $17 Trillion, Despite Decrease in Mortgage Demand

Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in...

Goldman Sachs CEO and Prominent US Executives Call for Swift Action on US Debt Limit

More than 140 top business executives, including Goldman Sachs Group Inc. Chairman and CEO David Solomon, urged President Joe Biden and top congressional leaders...

Over 70% of Investors Optimistic About Debt Ceiling Standoff Resolution Before ‘X-date’

The debt ceiling debate isn’t worrying Wall Street yet. In Bank of America’s latest fund manager survey, 71% of investors said they expect a...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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