China’s stock market
In China, the shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned.
Continue reading… “China’s credit bubble is unlike anything else in modern history”
821,000 households opted out of the banking system from 2009 to 2011.
More Americans have limited or no interaction with banks in the aftermath of one of the worst recessions in history. Instead more people are relying on check cashers and payday lenders to manage their finances, according to a new federal report.
Continue reading… “Growing number of Americans are opting out of the banking system”