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  • Dec 18- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday.

  • Average US 30-year loan rate falls to 3.80 percent Thursday, 18 Dec 2014 | 10:26 AM ET

    WASHINGTON— Average U.S. long-term mortgage rates fell this week, with the benchmark 30- year loan rate reaching a new low for the year. Mortgage company Freddie Mac says the nationwide average for a 30- year mortgage dropped to 3.80 percent this week from 3.93 percent last week. It is now at its lowest level since May 2013.

  • The company's successful debut follows that of online loan marketplace LendingClub Corp, whose shares rose as much 67 percent in their debut last week. Companies such as OnDeck Capital and LendingClub are cashing in on the demand created by the reluctance of cash-strapped traditional banks to lend to small businesses. Jay Ritter, an IPO expert at the...

  • LONDON, Dec 17- Russian oil giant Rosneft is expected to repay a $7.6 billion portion of a bridge loan that matures on Sunday, bankers close to the deal said. The loan is part of a larger $12.7 billion, two-year bridge loan signed in December 2012 that backed Rosneft's acquisition of oil company TNK-BP. The loan providers are confident the repayment will happen,...

  • MOSCOW, Dec 17- Russia's Norilsk Nickel, the world's largest nickel and palladium producer, plans to raise a $250- million loan from Unicredit bank, the company said on Wednesday.

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • Dec 15- GT Advanced Technologies Inc altered its settlement with former partner Apple Inc to produce more near-term cash to support its emergence from bankruptcy, a lawyer for the sapphire maker told a court on Monday. The new terms should be worth $50 million more than the original settlement, according to an attorney for GT noteholders, providing financing...

  • Are Russia’s bonds the next big worry? Sunday, 14 Dec 2014 | 9:02 PM ET

    Russia is among the worst hit by oil's decline, but clean living may keep government finances on an even keel. Its corporate debt may be another matter.

  • Loans impacting grant money for Sandy victims Sunday, 14 Dec 2014 | 12:09 PM ET

    NEW YORK— When Superstorm Sandy left Denise Erickson's home with a collapsed foundation, a loan from the Small Business Administration looked like the best deal in town. She got more than $150,000 from the SBA to help fix her family's Bellmore home, but the loan has left her with a $651 monthly payment and a serious case of buyer's remorse. "It's a complicated...

  • Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.

  • Loan platform operator LendingClub's shares soar in debut Thursday, 11 Dec 2014 | 10:45 AM ET

    Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.

  • *SMBC to buy Citi's Japan retail operations for about $330 m- sources. *Citi also in talks to sell its Japan card unit with others- sources. Citi's Japan consumer banking business has been hurt by weak loan demand and falling interest margins in a market where the U.S.-based lender has operated for over 100 years.

  • Dec 8- Teen apparel retailer Delia* s Inc filed for Chapter 11 bankruptcy protection and said it had hired advisers to help liquidate its assets. Delia* s said on Monday Salus Capital Partners LLC will give it a $20 million debtor-in-possession credit facility to continue operations, conduct store closings and closeout sales. The case is In re: Delia* s Inc, U.S....

  • Italy: A further downgrade would be a problem  Monday, 8 Dec 2014 | 4:00 AM ET

    S&P downgraded its rating on Italian debt down to 'BBB -'. Charles Diebel, head of Macro Strategy at Aviva Investors, says that unless there's a further downgrade, Italy doesn't need to worry.

  • PARMA, Italy, Dec 5- Italy's top appeals court on Friday threw out jail sentences against prominent bankers Cesare Geronzi and Matteo Arpe in a case related to the country's biggest corporate scandal, the 2003 collapse of dairy group Parmalat. Prosecutors said that, in return for a loan, Banca di Roma put pressure on Parmalat to buy Ciappazzi above the market price...

  • Apparel retailer Delia*s to file for bankruptcy Friday, 5 Dec 2014 | 9:35 AM ET

    Dec 5- Teen apparel and accessories retailer Delia* s Inc said it was liquidating assets and would file for Chapter 11 bankruptcy protection "in the very near term," wiping out more than 85 percent of its market value. New York- based Delia* s, which launched a review of strategic alternatives in September, said it was unable to sell itself or secure financing to allow it...

  • *U.S. Esmark Inc says interested in plant. BELGRADE, Dec 5- Serbia is inviting bids for an 80- percent stake in a loss-making steel mill, aiming to ease pressure on the country's finances. But in a loan deal with the International Monetary Fund agreed last month, the government committed to cut subsidies in order to curb the deficit and cap debt seen at 70 percent of...

  • SYDNEY, Dec 4- Copper futures strengthened in early Asian trade on Thursday, underpinned by data showing the services sector in China grew marginally faster in November. *Suspected metals fraud in China sparked claims of betrayal by both U.S. bank Citigroup Inc and trade house Mercuria over who would absorb about $270 million in exposure to financing deals, a...

  • CNBC's David Faber speaks to Jim Casey, JPMorgan global head of debt capital markets, about concern over oil prices stopping firms from paying off debt and causing a ripple effect in the market.

  • RadioShack shares fall after covenant breach claims Tuesday, 2 Dec 2014 | 2:57 PM ET

    RadioShack rejected claims that it breached covenants on a $250 million term loan.