collateral

(Newser) - With loan defaults soaring, Russia’s banks have had to seize a lot of collateral lately—and we’re not talking about houses. By year’s end, 20% of Russian loans could be non-performing, by Moody’s estimate. In order to recoup those losses, the banks have accepted controlling stakes...

(Newser) - For the rest of the world, America’s bail bonds industry is a horrifying concept. Bail bondsmen are a private, commercial wing of the US justice system, putting up defendants’ bail in exchange for a non-refundable fee, the New York Times explains. To critics, the system is unfair and corrupt,...