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  • MEXICO CITY, Feb 2- Mexican airport operator OMA said on Tuesday it had sold more than 33 million shares that had been pledged as collateral under a credit agreement between a subsidiary of embattled construction firm ICA and Germany's Deutsche Bank. OMA said in a statement that the sale of 33,162,600 Series B shares, more than 8 percent of the company's shares,...

  • WASHINGTON, Feb 2- Toyota Motor Credit Corp has agreed to pay up to $21.9 million in restitution to thousands of African-American, Asian and Pacific Islander customers, for charging them higher interest rates on auto loans than white borrowers with comparable creditworthiness, the U.S. government said. Toyota Motor Credit will also change its pricing and...

  • WASHINGTON, Feb 2- The U.S. Consumer Financial Protection Bureau and the Justice Department said on Tuesday they had reached agreement with Toyota Motor Credit Corp for it to pay up to $21.9 million in restitution to thousands of African-American and Asian and Pacific Islander borrowers who paid higher interest rates than white borrowers for their auto...

  • SHANGHAI, Feb 1- The Shanghai Stock Exchange has warned several securities firms to strengthen risk control in their corporate bond and asset-backed securities businesses, two sources with direct knowledge of the matter said on Monday. Moreover, corporate bond financing has taken over from China's murky "shadow banking" sector- the locus for a large portion of...

  • Two brothers involved in a failed Atlantic City loan program filed a counterclaim in a court battle over $3 million, saying the problem was created when the struggling resort town reneged on its deal to fund the program that promised to lend as much as $40 million to struggling homeowners and businesses. The company used most of the city money to buy TN Bidco,...

  • 'China's debt avalanche is the biggest worry' Friday, 29 Jan 2016 | 3:25 AM ET
    A customer holds a 100 Yuan note at a market in Beijing.

    China's slowing economy and market rout may capture headlines, but the mainland's debt load is a bigger worry, said top China banking analyst Charlene Chu.

  • BEIJING, Jan 29- Chinese police have detained suspects as part of a fraud investigation over bill financing business at CITIC Bank Corp, Xinhua news agency said on Friday. The bank confirmed on Thursday that it had discovered fraud involving 969 million yuan in funds illicitly drawn from its bill financing business. CITIC Bank's spokeswoman declined to...

  • MEXICO CITY, Jan 28- Mexico's ICA has filed a criminal complaint against employees of Deutsche Bank in a bid to prevent the bank from seizing the collateral for a now-defaulted loan to the embattled construction firm, according to three sources close to the matter and a document reviewed by Reuters. But in a previously unreported counterstrike, ICA subsidiary...

  • Brazil earmarks $20 bln in new loans to bolster economy Thursday, 28 Jan 2016 | 2:46 PM ET

    SAO PAULO, Jan 28- Brazil's government will release 83 billion reais in new credit from state-run banks in a bid to bolster its shrinking economy, a government source familiar with the decision told Reuters on Thursday. The announcement was made by Finance Minister Nelson Barbosa at a high profile meeting with business and labor leaders at the presidential...

  • Spotify looks to raise $500M in debt Wednesday, 27 Jan 2016 | 1:42 PM ET
    Spotify technology apps

    Just months after a fundraising round, Spotify hopes to borrow $500 million from investors, The Financial Times reports.

  • Growth expectations have been too high: CIO Thursday, 21 Jan 2016 | 11:36 AM ET
    Growth expectations have been too high: CIO

    Colin Moore, Global Chief Investment Officer at Columbia Threadneedle Investments, says high growth expectations are stabilizing.

  • HOUSTON, Jan 21- A private equity-backed U.S. oil company led by former Statoil executives has bought 18,000 acres in rural west Texas, the latest deal by investors snapping up land whose value has plunged along with crude prices. Luxe Energy LLC, formed last year by Statoil alumni with $500 million in equity financing from NGP Energy Capital Management, planned...

  • **Bank of America Corp No. 2 U.S. bank by assets Energy exposure assumed at 2.4 percent of total loans. "Energy portfolio stress analysis shows $30 oil for 9 quarters would result in about $700 million of losses." "If oil were $25 for sustained period instead of $30, estimated $600 million cost of credit in first half of 2016 could double.

  • TOKYO, Jan 20- Japan's Ministry of Finance is set to project tax revenue to hit an all-time high of 62.6 trillion yen in the fiscal year from April 2017 and reach around 70 trillion yen in five years, to help narrow a budget deficit, sources told Reuters. The higher tax revenue projections take into account the planned sales tax rise to 10 percent from the current 8...

  • CARACAS, Jan 19- Venezuela's new opposition-led Congress plans to investigate state-run oil company PDVSA's financial health and hefty Chinese loans, a lawmaker said on Tuesday. With the political opposition in control of the National Assembly since this month, rivals of leftist President Nicolas Maduro want to use their new perch to push for greater...

  • BEIJING, Jan 16- China's largest online direct sales firm, JD.com, said on Saturday it will raise 6.65 billion yuan for its JD Finance subsidiary from investors including Sequoia Capital China, China Harvest Investments and China Taiping Insurance. The financing values JD Finance at 46.65 billion yuan on a fully-diluted, post-investment basis.

  • By Sruthi Shankar and Richa Naidu. Walls Fargo- whose latest balance sheet showed it had replaced Citigroup Inc as the third-largest U.S. bank- managed to increase revenue from mortgage banking for the first time in three quarters in the three months ended Dec. 31. But its exposure to energy loans meant provisions for credit losses jumped by about $346 million...

  • NEW YORK, Jan 14- JPMorgan Chase& Co executives said on Thursday they do not expect losses on the bank's oil and gas loans to accelerate with the pace and severity that the decline in oil market prices might suggest. "The oil folks have been surprisingly resilient," Chief Executive Jamie Dimon said in a conference call with analysts. At Citigroup Inc, which is to report...

  • Bankruptcy warning signs Thursday, 14 Jan 2016 | 2:16 PM ET
    Bankruptcy warning signs

    Anatomy of a bankruptcy: The Arch Coal example. CNBC's Michelle Caruso-Cabrera explains.

  • BOK, which primarily operates in Oklahoma and Texas, expects loan loss provisions for the fourth quarter to increase to $22.5 million, nearly four-times the midpoint of the $3.5 million to $8.5 million it forecast earlier. Associated Banc-Corp said Jan. 8 it would set aside an additional $13 million for bad loans, while Hancock Holding Co upped its allowance by...