Northern Rock, the state-owned bank, will reveal this week that roughly one in five of its mortgage customers faces negative equity next year as it unveils a heavy loss for the six months to June. About 5 per cent of the nationalised lender’s Read More

Like millions of Americans, Bill and Helen Bluett’s greatest financial asset is their home, a Spanish-style dwelling just a quarter of a mile from the ocean in San Clemente, Calif. Selling the place and buying a cheaper one elsewhere could have Read More

Congress yesterday passed a major overhaul of federal higher-education programs aimed at expanding financial aid and bringing greater clarity and disclosure to the student loan process. By overwhelming bipartisan votes, the House and Senate approved Read More

Bankers will this week finalise a multi-billion-dollar loan that could provide one of Dubai’s largest sovereign wealth funds with the firepower to muscle in on the £3.3bn takeover of specialist media and exhibitions group Informa in the largest Read More

Credit cards. Home equity loans. Retirement accounts. Used to be, these options were last resorts for parents paying for their children’s college tuition. Now, tapping into home equity, raiding a 401(k), maxing out Visas and MasterCards, and - the Read More

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