GO
Loading...

Corporate Debt

More

  • Auto lender GM Financial revenue jumps 23 pct Thursday, 23 Apr 2015 | 12:12 PM ET

    April 23- General Motors Financial Co Inc, the auto financing arm of General Motors Co, reported a 23 percent jump in quarterly revenue, as it benefited from the automaker's efforts to bolster its lending operations. General Motors said earlier this year that GM Financial would replace Ally Financial Inc as the exclusive lessor for Buick, GMC and Cadillac...

  • OTTAWA, April 23- German car maker Volkswagen AG will get 400 million Euros in trade financing from Canada to help expand its southern U.S. and Mexican operations and thereby generate business for Canadian firms, Ottawa said on Thursday. "With the southern U.S. and Mexico increasingly becoming prime production locations for global automakers, EDC has a role to...

  • April 22- Communications equipment maker Arris Group Inc will buy British set-top box maker Pace Plc in a $2.1 billion cash-and-stock deal to expand into the satellite business and boost its business outside North America. The company said it had secured a loan from Bank of America Merrill Lynch to fund the transaction. Evercore and BofA Merrill Lynch are...

  • Moody's on shareholders vs. bondholders   Wednesday, 22 Apr 2015 | 5:13 PM ET
    Moody's on shareholders vs. bondholders

    Moody's head of leveraged finance Christina Padgett says stock-friendly moves are bad news for bondholders.

  • LONDON, April 22- Credit Suisse UK had a security agreement with Nav Sarao Futures, the company of the man arrested in London over his alleged role in the May 2010 "flash crash," a spokesman for the Swiss bank said on Wednesday. This was the first confirmation of an external institution providing financing to Nav Sarao, who is fighting extradition from Britain to face...

  • Discover Financial's quarterly profit falls 7 pct Tuesday, 21 Apr 2015 | 4:27 PM ET

    April 21- Credit card issuer Discover Financial Services Inc reported a 7.3 percent fall in quarterly profit as it set aside more money to cover bad loans. The company increased provision for loan losses by about 43 percent to $390 million in the first quarter ended March 31. Net income attributable to common shareholders fell to $573 million, or $1.28 per share,...

  • ST. PAUL, Minn.— The federal government says Green Tree Servicing LLC will pay $63 million to settle allegations of illegal loan servicing and debt collection practices. The Federal Trade Commission and the Consumer Financial Protection Bureau alleged the St. Paul- based company made illegal and abusive debt collection calls to consumers, misrepresented the...

  • April 20- Oscar Health Insurance, a privately held company that aims to shake up the industry with technology-driven services for individual consumers, on Monday said it had secured $145 million in new funding led by technology investor Peter Thiel. UnitedHealth Group Inc, Aetna Inc and Anthem Inc each have tens of millions of corporate members and hundreds of...

  • *Kotak, Axis Bank targeting strong growth. MUMBAI, April 20- Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers. India's 20 million credit cards-- for a population of 1.3 billion-- amount to just 0.5...

  • BEIJING, April 17- Alibaba Group Holding Ltd deepened its push into the automotive business on Friday, saying it had struck a partnership with Shanghai General Motors to offer online sales and financing for GM cars. Currently, Shanghai GM's Buick, Cadillac and Chevrolet brands are available for sale on Alibaba's TMall.com website, and the two companies said...

  • NEW YORK— A former JPMorgan Chase& Co. banker was arrested Thursday on charges he stole $20 million from clients over a four-year period, using some of the money to make personal investments and pay a home loan. Bail was set for Michael Oppenheim, 48, of Livingston, New Jersey, at $1 million by a magistrate judge who also required home detention and electronic...

  • NEW YORK, April 14- JPMorgan Chase& Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview. Loans that fund smaller leveraged buyouts, where companies often do not have the size or financial resources to weather a business downturn,...

  • NEW YORK, April 14- Wells Fargo Corp showed again in the first quarter why it and other big banks want their financial advisers to sell fee-based products. Profit in the "Wealth, Brokerage and Retirement" sector of the San Francisco- based bank rose 18 percent from the previous year's first quarter to a record $561 million, more than double the sector's 8 percent...

  • The Otoe-Missouria Tribe of Indians contends it has been attacked by Connecticut, which has fined the tribe's chairman and its business entities a total of $1.5 million for violating the state's cap on interest rates. Rodney Butler, chairman of the Connecticut- based Mashantucket Pequot Tribal Nation, said tribes have sovereign rights and should be allowed...

  • NEW ORLEANS— A 21- year-old transgender man says in a sex discrimination lawsuit that he was forced to leave his job at a Mississippi- based loan company once officials there found out he was born a woman but dressed and acted like a man. Tristan Broussard filed suit on Monday against First Tower Loan LLC., a financial loan company based in Flowood, Mississippi, with...

  • Online lenders: Offer faster cash for small business Thursday, 9 Apr 2015 | 12:00 AM ET
    Yaniv Liron, chief executive of Lumina Systems, at his office in New York, April 6, 2015.

    Online lenders like Fundbox are offering small businesses quick access to cash, rivaling traditional banks.

  • Domo valued at $2 bln in new funding round Wednesday, 8 Apr 2015 | 12:00 PM ET

    April 8- Domo, a cloud based-management platform provider, said it had closed a $200 million round of funding that values the company at $2 billion. The Series D financing round led by BlackRock Inc, also includes Capital Group, Glynn Capital and GGV Capital, the company said. Domo, which counts Ebay Inc, The Sage Group Plc, Telus Corp and National Geographic among its...

  • FLIR Systems to settle U.S. SEC bribery charges Wednesday, 8 Apr 2015 | 11:17 AM ET

    WASHINGTON, April 8- Defense contractor FLIR Systems Inc will pay $9.5 million to settle civil charges that it violated federal bribery laws by financing a "world tour" of personal travel for government officials in the Middle East, U.S. regulators said Wednesday. The Securities and Exchange Commission said that the Oregon- based company self-reported the...

  • Global Fashion Group hires ex-Amazon.com exec as CEO Wednesday, 8 Apr 2015 | 2:07 AM ET

    FRANKFURT, April 8- Global Fashion Group, formed out of five Kinnevik- and Rocket Internet- backed online fashion start-ups active across dozens of emerging markets, has hired the former head of Amazon France as its new chief executive. The newly merged company said on Wednesday it is taking 32 million euros of new financing from Tengelmann Ventures and...

  • This is slowing renewables’ advance in Asia Monday, 6 Apr 2015 | 6:45 PM ET
    Two Uighur children play around the solar panels in the remote Bulunkou township in the mountains south of Kashgar, Xinjiang, China.

    Across Asia, governments are trying to boost renewables' share of the energy mix, but often, there's one big obstacle holding projects back: money.