U.S. student debt is estimated at about $1,5 trillion.
Student loan defaults have risen sharply, and the number-one reason is deceptive and misleading practices by for-profit institutions.
Office of the Moody’s Corporation ratings agency.
Daniel J. Macy
Standard & Poor's, Moody's, and other ratings agencies have a long and storied history, but today they face significant criticism and the future of ratings themselves are under challenge.
New research reveals how austerity pushed poor families into debt to pay for basic needs like food, rent and hot water.
Corn cobs dried up after a drought in eastern France in 2015.
The climate issue cannot be considered less urgent than the social or economic crisis.
The authors of the book
The Making of Finance highlight the intellectual capture of the financial worlds.
Nothing has changed since the 2008 financial crisis. Orthodox theory continues to structure the entire financial industry, yet there is an urgent need to study the social and political nature of markets.
Nagib / Shutterstock
The housing bubble that burst and triggered the 2007-08 global financial crisis was fuelled by securitisation.
There were 6,566 more suicides in the 2008-09 period that were a direct consequence of the rapid decline of equity values.
Christie’s auctions off a Lehman Brothers sign in 2010.
It's when times are good that the seeds of the next financial crisis are sown.
A woman walks by the New York Stock Exchange.
AP Photo/Richard Drew
Single women borrowed heavily in the run-up to the financial crisis, ensuring they suffered the most in its fallout. Will history repeat itself?
An ice sculpture titled ‘Main Street Meltdown’ melts near Wall Street.
AP Photo/Frank Franklin II
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
The 20 largest OECD countries alone have a US$78 trillion shortfall in their pensions obligations.
The UK and US may avoid another crash, but many other major economies look like they are on the brink.
The industry has walked a tight rope to survive. Many have fallen along the way.
Banking used to be an engine of social mobility and a generator of secure, satisfying employment for the many gainfully employed in it.
The crisis hit the high street bank in 2007.
Gareth Fuller/PA Archive/PA Images
The 2007-08 financial crisis affected the world's advanced economies in profound ways and the ripple effects continue to today.
Recalling August 9 2007 – the start of the credit crunch and global financial crisis.
Puerto Ricans are increasingly fed up with austerity.
AP Photo/Danica Coto
A year after Congress passed its plan to fix Puerto Rico's US$123 billion debt and pension crisis, little has changed for the lives of Puerto Ricans.
The finance industry has developed a powerful set of tools over the years, which could be used to improve well-being and solve our environmental problems.
Republicans have been opposed to the CFPB since it was created.
Republicans are hoping to eliminate or at least defang the only federal agency tasked solely with protecting consumers from financial abuses. What would we miss if they succeed?
Fed Chair Janet Yellen speaks at a press conference following the rate-hike decision.
AP Photo/Susan Walsh
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it's fairly confident the economic recovery will continue. Is it overconfident?
LIBOR continues to evoke irritation, frustration and fear – for traders, central bankers and the public.