Denver-based debt collector Machol & Johannes to return $475K to Washington consumers

SEATTLE — A Denver-based collection agency must return about $475,000 it collected improperly from up to 5,000 Washington consumers after state Attorney General Bob Ferguson prevailed in a lawsuit alleging unlawful debt-collection practices. Ferguson’s office says Machol & Johannes must

U.S. investors shun equity funds on inflation worries – Lipper

(Reuters) – U.S equity funds faced outflows in the week to June 2, on concerns over rising inflation and the prospect of an earlier withdrawal of the Federal Reserve’s stimulus support.FILE PHOTO: A Specialist trader watches his chart while working

COVID response drives $24 trillion surge in global debt: IIF

LONDON (Reuters) – The COVID pandemic has added $24 trillion to the global debt mountain over the last year a new study has shown, leaving it at a record $281 trillion and the worldwide debt-to-GDP ratio at over 355%.FILE PHOTO:

Mnuchin to End Some Fed Emergency Programs, Limiting Biden

WASHINGTON — Treasury Secretary Steven Mnuchin said he does not plan to extend several key emergency lending programs beyond the end of the year, a decision that could hinder President-elect Joseph R. Biden Jr.’s ability to use the Federal Reserve’s

Virgin Australia creditors approve airline's purchase by Bain Capital

SYDNEY (Reuters) – Virgin Australia Holdings Ltd’s (VAH.AX) creditors voted on Friday in favour of the purchase of Australia’s second-biggest airline by U.S. private equity group Bain Capital, administrator Deloitte said, paving the way for a strategic overhaul. The deal

Virgin Australia creditors approve airline's purchase by Bain Capital

SYDNEY (Reuters) – Virgin Australia Holdings Ltd’s (VAH.AX) creditors voted on Friday in favour of the purchase of Australia’s second-biggest airline by U.S. private equity group Bain Capital, administrator Deloitte said, paving the way for a strategic overhaul. The deal

Ford's three-part unsecured debt offering worth $8 billion: IFR

(Reuters) – Ford Motor Co (F.N) will launch a three-part unsecured debt offering of $8 billion, yielding up to 9.6% on the 10-year loan, capital markets intelligence provider International Financing Review reported on Friday. Ford said earlier in the day