Veterans are challenged by credit card debt but on the whole are in better financial condition than civilians, a study by the Financial Industry Regulatory Authority Foundation found. Veterans are 40% more likely than nonveterans to own homes that are worth less than their mortgage balances, according to the study. ThinkAdvisor (free registration) (18 Sep.)
Bank of England Governor Mark Carney said in a speech to the International Monetary Fund that Brexit will boost inflationary pressures in Britain and undercut economic growth. He said there is little the central bank could do to help because "Brexit represents a real shock about which monetary policy can do little." Sky News (19 Sep.)
Toys R Us has filed for Chapter 11 bankruptcy, after struggling to keep customers attracted to the convenience and low cost of online shopping. The company has arranged more than $3 billion in financing to continue operating while it restructures. Bloomberg (19 Sep.)
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