Report reveals Education Department forgave $17.2 billion in student loans

Report reveals Education Department forgave .2 billion in student loans

The Department of Education has forgiven $17.2 billion in federal student loans for almost 975,000 borrowers as of April 30, through a program that allows borrowers to seek relief if they have been misled or defrauded by their college, as found in a report released on Thursday by the U.S. Government Accountability Office. Under the … Read more

Deutsche Bank cautions about increasing provisions for bad loans

Deutsche Bank cautions about increasing provisions for bad loans

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deutsche Bank has reported a record third-quarter profit, with its trading and investment bank advisory revenue surging. However, the bank warned investors to prepare for higher-than-expected loan losses for the second time in nearly three … Read more