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  • High court to consider bias claim on loan guarantees Monday, 2 Mar 2015 | 10:29 AM ET

    WASHINGTON— The Supreme Court will decide whether a bank discriminated against the wives of two Missouri real estate developers by requiring them to guarantee their husbands' business loans. The justices said Monday they will hear an appeal of Valerie Hawkins and Janice Patterson, who claim the bank discriminated against them based on their marital status...

  • LOS ANGELES— PacWest Bancorp is buying Square 1 Financial in a deal valued at about $789 million. Square 1 Financial Inc., based in Durham, North Carolina, is the parent company of Square 1 Bank, and had one banking office in Durham and 12 U.S. loan production offices. Square 1 Bank will merge with Pacific Western Bank, a Los Angeles subsidiary of PacWest Bancorp.

  • Feb 27- Mortgage servicer Ocwen Financial Corp said it received a notice from a trustee terminating its services for two pools of securitized mortgage loans. Moody's Investors Service downgraded Ocwen's credit rating to' B2' from' B1' after the New York Department of Financial Services alleged that the company sent backdated foreclosures letters to...

  • Feb 26- Peer-to-peer lender Prosper Marketplace Inc said it has partnered with Western Independent Bankers, a consortium of small community banks, to boost loan offerings through its online platform. Community banks, which focus on small businesses and farm lending, comprise 96.8 percent of all banks in the United States, said Vermut, a former co-head of prime...

  • SAO PAULO, Feb 25- Grupo BTG Pactual SA, Latin America's largest independent investment bank, missed fourth-quarter profit estimates on Wednesday after trading income fell short of forecasts and loan-loss provisions soared as a large client fell in arrears. Corporate lending, a key revenue line, fell to 97 million reais, the lowest in more than three years, as BTG...

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the largest...

  • LONDON, Feb 25- Standard Bank Plc said on Wednesday its co-head of commodities, Jim Coupland, is leaving after two decades, during which he built one of the world's biggest metals banks. His departure comes at a challenging time for Standard Bank as it seeks to recoup millions of dollars in losses from a metal financing scandal in China's Qingdao port that rocked...

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to manage $3 billion in planned asset sales for this year, as fallout from a corruption scandal shuts access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the biggest...

  • SAO PAULO, Feb 25- Petróleo Brasileiro SA's decision to cut capital spending plans by $16 billion this year could hamper Brazilian banks with loan exposure to the oil and gas industry, especially state-controlled Banco do Brasil SA, analysts at Goldman Sachs Group Inc said on Wednesday. Guidance provided by Brazil's top banks that was unveiled prior to the...

  • SYDNEY/ WELLINGTON, Feb 24- New Zealand- based Martin Aircraft Ltd soared as much as 63 percent in its Australian share market debut on Tuesday, after the jetpack maker raised A $27 million to help bring its personalised aircraft to market. Martin, which struck a financing deal with China's KuangChi Science Ltd worth A $50 million over the next two years, hopes to...

  • U.S. online marketplace for auto loans debuts Monday, 23 Feb 2015 | 2:59 PM ET

    NEW YORK, Feb 23- DriverUp, a U.S. online marketplace that allows hedge funds to invest directly in car loans, launched on Monday with a $50 million investment from venture capital firms. Before starting Sierra in 2012, Ellis founded Exeter Finance Corp, a subprime lender acquired by Blackstone Group LP in 2011.. Consumers took out $105 billion in auto loans in the...

  • HLSS Servicer Advance Receivables Trust, a key funding source for Ocwen and a unit of Home Loan Servicing Solutions Ltd, was served a notice last month. Ocwen and Home Loan Servicing Solutions said on Wednesday that no other noteholders agree with BlueMountain's allegations. Ocwen shares were down about 2 percent at 9.83 in afternoon trade on the New York Stock...

  • Allen Reichman, 55, pleaded guilty in Manhattan federal court to one count of conspiracy to commit wire fraud in a case that originated with a related investigation into a failed New York bank. In December one of his co-defendants, Kentucky businessman Wilbur Huff, pleaded guilty. The case grew out of a probe into Park Avenue Bank, which went under in March 2010.

  • BRUSSELS, Feb 19- The German government expects Greece to make a firm commitment to its previous reform agreements, a euro zone official told Reuters on Thursday after the finance ministry in Berlin rejected a new proposal from Athens on an extension of its loan agreement.

  • Kaisa raises red flag on Chinese developers' leverage Wednesday, 18 Feb 2015 | 8:11 PM ET
    At a property trade fair in Beijing, China

    A jump in homebuilder Kaisa's debt levels has left investors worried that leverage at other Chinese developers could be much higher than estimated.

  • TIMELINE-Indonesia's Bakrie Telecom restructuring process Wednesday, 18 Feb 2015 | 4:00 PM ET

    BACKGROUND Bakrie Telecom Tbk set up a special purpose vehicle- Bakrie Telecom Pte Ltd- to sell a $380 million bond in New York in 2010. The bond matures in May 2015 and bears an 11.5 percent coupon. Bakrie Telecom Tbk guarantees the bond while Bakrie Telecom Pte Ltd lends the proceeds to the listed parent company under an inter-company loan agreement.

  • Banks aren't lending. Here's who is  Wednesday, 18 Feb 2015 | 2:00 PM ET

    Consumers are turning to credit unions more and more for loans as credit at traditional banks remains tight. CNBC.com Finance Editor Jeff Cox reports.

  • Feb 18- Citigroup Inc said it would set aside $100 billion to fund environmental projects over the next decade, doubling the amount it had earmarked for such projects in 2007.. Citigroup financed the Solar Star photovoltaic project in Southern California for Berkshire Hathaway Energy in 2013.. The project, constructed by Sunpower Corp, is expected to generate...

  • *Could fund minority stake in Germany's Lanxess. DUBAI, Feb 18- State oil giant Saudi Aramco is talking to banks about taking a $10 billion loan for general business purposes, according to two banking sources aware of the matter, with one saying the deal could close by the end of the month. Aramco also has a $4 billion existing loan due to mature later this year, and has...

  • BELGRADE, Feb 17- The sale of Serbia's sole steel mill to U.S. firm Esmark collapsed on Tuesday, in a blow to government efforts to rein in spending under the terms of a loan deal with the International Monetary Fund. The steel mill has been draining $120 million per year in taxpayers' money since Serbia bought it back from U.S. The government committed to cut...