Even by government standards, it is a colossally dumb idea: revoking someone’s license to work as a way to get them to pay off their student loans. Yet many states do just that. Student loan debt has more than doubled since 2009 to $1.3 trillion today. The average borrower in the class of 2016 left campus more than $30,000 in ...

Bad things don’t happen to good banks. Or that’s the carefully crafted image projected by the world’s priciest lender. Assiduously shielding its loan book from the flying debris of India’s $207 billion bad-debt crisis, HDFC Bank Ltd. has kept its balance sheet in a near-pristine condition. The aura of invincibility bestowed by a 1.26 percent soured-loan ratio — compared with ...

Questions, questions, questions. If there’s one thing that’s tailed China’s Xiaomi Corp. for the past six years, it’s questions. The most recent come as a pair: Will the company IPO next year, and will it fetch the $50 billion it’s supposedly seeking? Last weekend, tech industry newsletter The Information reported that the maker of smartphones and other devices is eyeing ...