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New York Community Bancorp slashed its dividend flagging $798 million in credit loss provisions. Japanese lender Aozora later warned of similar issues.

Bankruptcies at private equity-owned businesses are on track to reach decade highs — with losses in health care leading the pack.

Interest-rate hikes may be peaking in Europe, but for the consumers, companies and governments that borrowed trillions of euros during the era of ultra-low borrowing costs, there’s still plenty of pain in store. Through the end of this decade, borrowers across the continent face repayment on a mountain of debt…

(Bloomberg) -- Interest-rate hikes may be peaking in Europe, but for the consumers, companies and governments that borrowed trillions of euros during the era of ultra-low borrowing costs, there’s still plenty of pain in store.Through the end of this decade, borrowers across the continent face repayment on a mountain of debt sold when financing costs were many times lower. Although the adjustment is painful in many places, including the US, it’s a particular shock in Europe, where interest rates

After delivering a fresh interest-rate hike Wednesday, Federal Reserve Chair Jerome Powell signaled that Monday's senior loan officer opinion survey, which typically polls more than 80 lenders, will show tightening lending standards. The extent of the decline will be closely watched.