Fairness at issue in tax debt write-offs

More than three-quarters of a billion dollars in tax debt was written off because taxpayers were unable to pay it in the year ended June 2011, the Inland Revenue Department has revealed.Taxpayers owing a total of $785,461,679 were...

U.S. Banks Sold More Swaps on European Debt as Risks Rose

U.S. banks increased sales of protection against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the last quarter of 2011 as the European debt crisis escalated.

Israeli company writes off stake in Egyptian gas

An Israeli company has written off its entire 12.5 percent investment in the company that sold Egyptian natural gas to Israel before Egypt terminated the exports.

Consumer Mortgage Debt Falls Three Percent Since April 2011, According to CreditKarma.com

SAN FRANCISCO, CA-- - CreditKarma.com, the consumer's credit advocate, today released its U.S. Credit Score Climate Report with trend data for April 2012. Consumer credit card and mortgage spending slowed ...

Bluestem wants nearly $5 million in debt forgiven

FARGO - The chairman of the fundraising group for the Trollwood Performing Arts School and the Bluestem Center for the Arts has told the Fargo School Board in a letter that his group wants nearly $5 million in debt written off and forgiven by the school district.