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Credit Corporate Debt

  • The memorandum of understanding signed at the World Bank and International Monetary Fund spring meetings in Washington comes a year after the two multilateral lenders established mechanisms for cost-sharing and co-financing of investment projects. Since then, the AIIB and the World Bank have co-financed five projects, supporting power generation in...

  • The memorandum of understanding signed at the World Bank and International Monetary Fund spring meetings in Washington comes a year after the two multilateral lenders established mechanisms for cost-sharing and co-financing of investment projects. Since then, the AIIB and the World Bank have co-financed five projects, supporting power generation in...

  • WASHINGTON, April 20- The U.S. Consumer Financial Protection Bureau on Thursday sued Ocwen Financial Corp and its subsidiaries, alleging the mortgage loan servicer's "years of widespread errors, shortcuts, and runarounds cost some borrowers money and others their homes." Regulators from Wisconsin and more than 20 other state regulators have also issued...

  • WASHINGTON, April 20- The U.S. Consumer Financial Protection Bureau on Thursday sued Ocwen Financial Corp, alleging the mortgage loan servicer's "years of widespread errors, shortcuts, and runarounds cost some borrowers money and others their homes," the agency said in a statement.

  • *HSBC, JPM strongest 2016 transaction banking performers in Asia. *JPMorgan adds more people in transaction banking in Asia. HONG KONG, April 20- With dealmaking in Asia sluggish and Chinese investment banks taking market share from global rivals, some foreign banks are ploughing resources into transaction banking, the workaday business of financing trade,...

  • NEW YORK, April 19- Wealthfront Inc, the digital financial advice company, will begin letting some customers borrow against their investment accounts in its first foray into lending. The privately owned Redwood City, California- based firm, which competes against traditional brokerages like Morgan Stanley and Bank of America Corp's Merrill Lynch, said on...

  • EASTON, Pa.— A Pennsylvania judge has awarded $6.5 million to five families who lost money in what authorities called a Ponzi scheme. Northampton County Judge Michael Koury's verdict Tuesday ended a civil court battle stemming from the collapse of the Blue Mountain Consumer Discount Co. loan agency, which was raided by the FBI in 2011.. Company manager Walter "...

  • NEW YORK, April 14- After having to stomach $31 billion worth of bitter mortgage settlements with government agencies a few years ago, JPMorgan Chase& Co swore off a huge swath of the home loan market. Now, the banks management team, led by Chief Executive Jamie Dimon, is working fiercely to change course hoping to not only bring back customers, but influence what...

  • SAO PAULO— Brazilian construction giant Odebrecht helped finance the campaign of Peru's former President Ollanta Humala, company's former CEO has said. In testimony this week to prosecutors, Marcelo Odebrecht said the company contributed $3 million to Humala, who was elected in 2011. A former Odebrecht executive also testified this week that the company...

  • April 14- HSBC Holdings Plc has agreed to pay about $2 million to settle a civil fraud lawsuit that alleged the bank improperly attempted to get reimbursement from the federally backed U.S. Small Business Administration on bad loans it knew were based on fraudulent or potentially fraudulent information. Under the SBAExpress loan program, designed to help...

  • LONDON/ KIEV, April 14- Ukraine could miss out on energy sector funding from China worth up to $3.65 billion because squabbles between ministries and the state-run energy firm Naftogaz have held up project proposals, according to interviews with officials. Ukraine signed the loan agreement with the China Development Bank in 2012 and it must submit proposals...

  • TOKYO, April 14- Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan commitments worth around 1 trillion yen, sources briefed about the matter said on Friday. The approval is crucial for the troubled conglomerate, which needs billions of dollars in fresh funding to tide...

  • NEW YORK, April 14- After having to stomach $31 billion worth of bitter mortgage settlements with government agencies a few years ago, JPMorgan Chase& Co swore off a huge swath of the home loan market. Now, the banks management team, led by Chief Executive Jamie Dimon, is working fiercely to change course hoping to not only bring back customers, but influence what...

  • MEXICO CITY, April 13- The former chief executive of a Mexican oil services company arrested over a loan scandal that inflicted hefty losses on Citigroup Inc's local Banamex unit was released from prison on Thursday, an official in the city government said. Speaking on condition of anonymity, the official confirmed media reports that Amado Yanez, who was CEO of...

  • SAN FRANCISCO, April 11- Ride services company Lyft has raised $600 million in fresh funding, one of its investors said on Tuesday. Private equity firm KKR& Co said it had joined a $600 million financing round, giving a sizeable financial boost to San Francisco- based Lyft as it continues to compete fiercely with rival Uber Technologies Inc.. Sources close to Lyft...

  • RIDE SERVICES COMPANY LYFT HAS CLOSED A $600 MILLION FINANCING ROUND FROM INVESTORS INCLUDING KKR- KKR PRESS RELEASE.

  • Corporate debt at new highs for these sectors

    Corporate debt hit new highs last year.

  • CENOVUS ENERGY INC CEO FERGUSON SAYS 75 PERCENT OF FINANCING IN PLACE TO BUY CANADIAN ASSETS OF CONOCOPHILLIPS.

  • *Shanghai court orders $79 mln assets frozen. SHANGHAI, April 11- China Huishan Dairy Holdings Co Ltd said it has received a warning of broken loan covenants and that some assets have been frozen, in a double blow for an indebted firm whose shares have crashed and whose finance executive is missing. The dairy also said a Shanghai court had frozen assets worth 546...

  • *Shanghai court orders $79 mln assets frozen. SHANGHAI, April 11- China Huishan Dairy Holdings Co Ltd said it has received a warning of broken loan covenants and that some assets have been frozen, in a double blow for an indebted firm whose shares have crashed and whose finance executive is missing. The dairy also said a Shanghai court had frozen assets worth 546...