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  • Credit Markets

    Citi Private Bank's Steven Wieting says central bank policies have been more effective in the credit markets than in FX markets.

  • DUBAI, June 30- State-controlled utility Saudi Electricity Co has obtained $1.5 billion in financing from Industrial and Commercial Bank of China, one of the largest loans ever extended by a Chinese bank in the Gulf. In January, China and the six Gulf Cooperation Council nations said they aimed to conclude a free trade agreement this year. Since it opened a branch...

  • CARACAS, June 29- Venezuelan state oil company PDVSA has signed financing agreements with services firms Halliburton and Weatherford, PDVSA's president said on Wednesday, following chronic payment difficulties for companies working in the OPEC nation. The company's access to hard currency has tumbled along with the price of oil, and Venezuela is...

  • WASHINGTON, June 29- Lender GE Capital on Wednesday became the first firm to lose its designation as "systemically important," a label born of the financial crisis that the U.S. government gives to institutions with potential to wreck the economy in the event of distress. The Financial Stability Oversight Council made up of all the heads of the major regulatory...

  • MOSCOW, June 29- Russia's biggest private bank Otkritie Financial Corporation aims to build on its success in organizing foreign loans for Russian companies starved of financing from state lenders hit by Western sanctions over the Ukraine conflict. Evgeny Dankevich, chairman of Otkritie Financial Corp's management board, told Reuters that his bank had...

  • NEW YORK/ SAN FRANCISCO, June 28- LendingClub Corp said on Tuesday that its founder and former chief executive, Renaud Laplanche, borrowed from the online lender to inflate the company's volumes, the latest revelation from an internal probe of the firm's business practices. The company said on Tuesday that it had uncovered new information, including that...

  • June 28- LendingClub Corp said on Tuesday that its founder and former Chief Executive Officer Renaud Laplanche took out loans from the online lender in order to inflate the company's volumes, the latest revelation from an internal probe of the firm's business practices. The company said on Tuesday that it had uncovered new information, including that...

  • June 28- Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source close to the company said. Airbnb intends to use the financing to support new investments and growth opportunities, the source added. The New York Times first reported the news on Tuesday.

  • June 28- Lending Club Corp alleged on Tuesday that its founder and former Chief Executive Officer Renaud Laplanche took out loans from the online lender in order to inflate the company's volumes. Laplanche and his family took out the loans from Lending Club in December 2009, just months before the company announced a major capital raising from outside...

  • June 28- Lending Club Corp said it would cut 12 percent of its workforce as loan originations decline, and the online lender disclosed further loan irregularities by ousted Chief Executive Officer Renaud Laplanche. The company also said on Tuesday that interim CEO Scott Sanborn would replace Laplanche at the top of the company. The loans totaled around...

  • June 28- Lending Club Corp said it would cut 12 percent of its workforce as loan originations decline, and the online lender disclosed further loan irregularities by ousted Chief Executive Officer Renaud Laplanche. The company also said on Tuesday that interim CEO Scott Sanborn would replace Laplanche at the top of the company. The loans totaled around...

  • June 28- Online lender Lending Club Corp said on Tuesday it would cut 12 percent of its workforce as loan originations decline and confirmed that Scott Sanborn would replace ousted chief executive Renaud Laplanche. The company also said on Tuesday that an internal review had found 32 loans made through its platform in the second half of December 2009 to...

  • June 28- Online lender Lending Club Corp appointed Scott Sanborn its new chief executive, and said it would cut 179 positions as loan originations decline. Sanborn replaces founder Renaud Laplanche, who was ousted last month over irregularities surrounding loans and an alleged conflict of interest. Prior to Laplanche's departure, Lending Club had said an...

  • June 28- dnline lender Lending Club Corp appointed Scott Sanborn its new chief executive, and said it would cut 179 positions as loan originations decline. Sanborn replaces founder Renaud Laplanche, who was ousted last month over irregularities surrounding loans and an alleged conflict of interest. Prior to Laplanche's departure, Lending Club had said an...

  • VANCOUVER, June 27- China CITIC Bank Corp Ltd has launched a Canadian lawsuit to try to seize the assets of a Chinese citizen the bank claims took out a multi-million dollar loan in China then fled to Canada, the lender's Vancouver- based lawyer said on Monday. The bank is looking to seize numerous Vancouver- area homes, valued at some C $7.3 million, along with other...

  • VANCOUVER, June 27- China CITIC Bank Corp Ltd has launched a Canadian lawsuit to try to seize the assets of a Chinese citizen the bank claims took out a multi-million dollar loan in China then fled to Canada, the lender's Vancouver- based lawyer said on Monday. The bank is looking to seize numerous Vancouver- area homes, valued at some C $7.3 million, along with other...

  • June 27- General Electric Co said it would sell a bulk of GE Capital's U.S. restaurant franchise loan portfolio to three regional banks in separate deals as the industrial conglomerate winds down its financing arm to reduce regulatory burden. GE said it had signed GE Capital deals worth about $180 billion so far and that GE Capital expects to deliver about $35...

  • June 27- General Electric Co said on Monday it would sell a bulk of GE Capital's U.S. restaurant franchise financing assets to three banks in separate deals. GE said the deals represent ending net investment of about $1.4 billion as of the first quarter and are expected to release about $200 million of capital for the company. The three banks making the purchases...

  • MOSCOW, June 25- Russia's biggest oil producer Rosneft said on Saturday that China National Chemical Corporation would take a 40 percent stake in its planned petrochemical complex VNHK in Russia's Far East. "The participation of ChemChina will allow Rosneft to optimize the project financing and jointly organize sales of the high-margin products of the...

  • Energy poised to be most affected: Pro

    Brian Jacobsen, Wells Fargo Fund Management Chief Portfolio Strategist, discusses the U.K. exposure for the U.S. energy sector and where investors may be able to find yield going forward.