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Credit Corporate Debt

  • The company was delisted from the Milan bourse in 2015, where its shares had traded since 1922, following a mandatory offer launched by an investment vehicle controlled by China National Chemical Corp. It said Marco Polo would be granted 1.25 billion euros in bank financing to be repaid with the IPO proceeds. Pirelli would launch a 1.2 billion euro capital...

  • BEIJING, April 28- Bank of China Ltd, the country's fourth-biggest lender by assets, posted flat first-quarter net profit growth on Friday, missing estimates as bad loans weighed on its balance sheet. Profit was 46.6 billion yuan in the three months ended March 31, flat from 46.6 billion yuan a year earlier. Its NPLs topped 150.3 billion yuan at end-March compared...

  • WILMINGTON, Del, April 27- The owners of one of the first new U.S. nuclear power plants in decades said the half-finished reactors might not be completed without changes to a proposed $800 million loan to the bankrupt builder, Westinghouse Electric Co LLC. Westinghouse filed for bankruptcy in March, blaming billions of dollars of cost overruns at two nuclear...

  • MUMBAI, April 27- India's Kotak Mahindra Bank Ltd forecast a decline in bad loans and provisioning costs and a pick up in credit growth this financial year after reporting a better-than-expected 40 percent rise in fourth-quarter profit on Thursday. Kotak Mahindra-- the fourth-biggest private sector lender in the country by assets but the third most-valuable...

  • SAO PAULO/ BRASILIA, April 26- Brazilian loan defaults rose in March for the first time in seven months, the central bank said on Wednesday, a sign of caution as corporate borrowers in Latin America's largest economy struggle with the impact of a three-year recession. Loan-loss provisions averaged the equivalent of 6.76 percent of Brazil's outstanding bank...

  • CALGARY, Alberta, April 24- U.S. pipeline company Kinder Morgan Inc said on Monday its Canadian unit filed a prospectus for an initial public offering of restricted voting shares, to help finance its C $7.4 billion Trans Mountain expansion project. Reuters reported in February that the company had begun talks with institutional investors to raise capital for...

  • 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...

  • 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...

  • 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.