The coronavirus could finally drive a stake through the heart of the over-leveraged zombie companies that were kept alive on a diet of cheap and plentiful credit following the GFC.
There is a real and growing risk of a credit accident occurring in China over the next one or two years,says Larry Jeddeloh,editor and founder of the Institutional Strategist Group.
The fallout from the Hayne inquiry and regulators'steely-eyed focus on stability in the wake of the financial crisis appear to be putting a brake on bank lending.
Fresh numbers from two of the big four banks indicate demand for credit is weakening despite the Reserve Bank's recent flurry of rate cuts.
Shares in Cash Converters have surged after it settled a class action suit accusing it of effectively charging rates of over 175 per cent on short-term loans.
Here’s a fast formula to check your net worth and why,for now,you may be worse off.