The American vehicle repossession industry stands on the brink of historic activity, with car seizures reaching their highest level in 14 years. According to Recovery Database Network data, 2.7 million
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Andrew Bailey, governor of the Bank of England, has voiced deep concern over the striking similarities between recent developments in US private credit markets and the conditions that preceded the
The US car loan market has shifted dramatically from being one of the most secure avenues of consumer credit to one of the most precarious. Recent data reveal a staggering
The Campaign for Real Ale CAMRA has announced the cancellation of the Great British Beer Festival in 2026 citing severe budgetary shortfalls and unsustainable operating costs. This marks a historic
Ray Dalio, the billionaire founder of Bridgewater Associates, has sounded the alarm on Britain’s mounting debt, warning that the country has entered a “debt doom loop”. Dalio’s comments come as
Thames Water has declined to recoup £2.5 million in bonuses paid to senior managers from an emergency loan intended to stabilise the struggling utility company’s finances. The payments, distributed to
The UK government has signalled its readiness to place Thames Water into special administration amid mounting concerns over the utility provider’s financial stability and operational performance. Environment Secretary Steve Reed
The United Kingdom government has sold its remaining shares in NatWest, bringing 17 years of state ownership to a close. This marks the conclusion of one of the most defining
Creditors of Thames Water are reportedly preparing to write off approximately £6 billion of its debt as the American private equity firm KKR advances its bid to take control of
The Bank of England is anticipated to announce its fourth interest rate cut since August as part of its efforts to stimulate the flagging UK economy. Analysts predict that the
The Barclay family’s retail empire, The Very Group, has suffered another financial blow as its credit rating was pushed deeper into junk status by Fitch Ratings. The company, which carries
The engineering consultancy John Wood Group has witnessed its shares plunge by more than 55% following revelations of severe financial difficulties and governance concerns. The company’s announcement of a potential
Financial storm clouds are gathering over Sir Jim Ratcliffe’s vast business holdings as his chemicals empire, Ineos Group, faces mounting debt concerns alongside challenges across his sporting investments. Credit rating
American credit card defaults have skyrocketed to their most elevated position since the aftermath of the 2008 global financial crisis, signalling a deterioration in the financial wellbeing of lower-income consumers
The water industry’s financial troubles are deepening, with Southern Water emerging as potentially the next major utility provider to face severe financial distress. Following in the footsteps of Thames Water’s
The UK’s largest water utility company, Thames Water, stands at a crucial juncture as it warns that British taxpayers could face an 18-month burden of funding the organisation if the
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