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Corporate Debt

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  • HONG KONG, Jan 26- Li Ka- shing's hectic start to 2015 has meant record Asia M&A, loan and equity deals so far this month- good news for investment bankers close to the 86- year-old Hong Kong tycoon's empire. The brisk business- $108 billion of Asia M&A makes it the best start to a year, according to Thomson Reuters data- raises hopes that the Chinese Year of the Goat could...

  • Nasdaq stocks posting largest percentage decreases Friday, 23 Jan 2015 | 1:31 PM ET

    Altisource Portfolio Solutions SA fell 10.8 percent to $21.29. Virgin America Inc. fell 10.6 percent to $38.35. Home Loan Servicing Solutions Ltd. fell 10.4 percent to $13.76.

  • Jan 22- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a quarterly profit that narrowly missed Wall Street's estimates as the company set aside more money to cover bad loans. Net income attributable to the company's shareholders rose to $974 million, or $1.73 per share, from $835 million, or $1.43 per share.

  • Wells Fargo, JPMorgan settle mortgage kickbacks probe Thursday, 22 Jan 2015 | 3:08 PM ET

    WASHINGTON— Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to a Maryland title company. The Consumer Financial Protection Bureau said Thursday that JPMorgan and Wells Fargo each agreed to consent orders...

  • HOUSTON, Jan 22- Citgo Petroleum confirmed on Thursday its assets are no longer for sale after parent company PDVSA of Venezuela decided to cancel the offering despite receiving several bids, according to Thomson Reuters IFR. The $1 billion senior secured loan being proposed has a rate of Libor +800 basis points and a five-year term, Citgo said in New York,...

  • Jan 21- Credit card issuer Discover Financial Services Inc reported a 33 percent drop in quarterly profit as it set aside more money to cover bad loans. Discover's net income allocated to shareholders fell to $392 million, or 87 cents per share, from $588 million, or $1.23 per share, a year earlier. The company's larger rival American Express Co reported a 10.7...

  • Jan 21- Credit card issuer Discover Financial Services Inc reported a 33 percent drop in quarterly profit as it set aside more money to cover bad loans. The company's net income allocated to common shareholders fell to $392 million, or 87 cents per share, in the fourth quarter ended Dec. 31, from $588 million, or $1.23 per share, a year earlier. Revenue, net of interest...

  • Jan 21- JPMorgan Chase& Co got a painful reminder on Wednesday that we all have to live with our mistakes, even a clerical mix-up that could cost $1.5 billion. A federal appeals court in Manhattan ruled on Wednesday that, although it was not JPMorgan's intention, it clearly authorized its law firm to file papers in 2008 that unsecured much of a loan to General Motors.

  • WPRI-TV reports that the quasi-public agency that oversees the loan program, Commerce RI, alerted the governor's office last month that there was not enough money to pay back $2.25 million remaining on the $3.7 million loan received by North Kingstown- based The Corporate Marketplace in 2011.. The same program was used to get a $75 million loan in 2010 by 38...

  • SpaceX raises $1 bln in funding from Google, Fidelity Tuesday, 20 Jan 2015 | 5:06 PM ET

    Jan 20- Elon Musk- backed Space Exploration Technologies said it has raised about $1 billion in a financing round with two new investors, Google Inc and Fidelity.

  • Jan 20- Apparel retailer Express Inc said it ended talks to be bought by private equity firm Sycamore Partners, its largest shareholder, due to unavailability of financing. Shares of Express, which was once a division of L Brands Inc, were down nearly 13 percent at $12.60 in premarket trading. Private equity firm Golden Gate Capital took Express private in 2007 and...

  • Express Inc ends deal talks with Sycamore Partners Tuesday, 20 Jan 2015 | 8:21 AM ET

    Jan 20- Apparel retailer Express Inc said it terminated talks to be bought by private equity firm Sycamore Partners, its largest shareholder. The company said talks ended due to the "unavailability of financing on commercially acceptable terms". Express's shares were down nearly 12 percent at $12.75 in premarket trading on Tuesday.

  • FXCM declines as it discloses loan details Tuesday, 20 Jan 2015 | 7:38 AM ET

    NEW YORK— Shares of FXCM are plunging in premarket trading Tuesday as the online foreign exchange trading broker disclosed that its bailout loan from Leucadia National Corp. includes a rising rate for each month that the loan remains open. FXCM said that it reached a deal with Leucadia that allowed it to meet its regulatory capital requirements and to...

  • Other markets in Asia and Europe were mostly higher. CHINA CURBS: The China Securities Regulatory Commission imposed curbs late Friday on margin financing, or borrowing to purchase stocks, following an investigation of the industry. The three affected brokerages, Citic Securities Co., Haitong Securities Co. and Guotai Junan, were forbidden to lend money and...

  • The Financial Conduct Authority, which regulates the financial services industry in the UK, had said on Friday it was working closely with Alpari. New York- listed FXCM Inc was forced to turn to Leucadia National Corp to secure a $300 million loan to cover losses of $225 million suffered by its clients. Industry news site Forex Magnates, citing unnamed sources...

  • Its dive rubbed off on Hong Kong where the Hang Seng was off 1.1 percent at 23,840.91. CHINA CURBS: The China Securities Regulatory Commission imposed curbs late Friday on margin financing, or borrowing to purchase stocks, following an investigation of the industry. The three affected brokerages, Citic Securities Co., Haitong Securities Co. and Guotai Junan,...

  • NEW YORK, Jan 16- Retail foreign exchange broker FXCM Inc, reeling after customers lost more than $200 million from the surging Swiss franc, will get a $300 million loan from Leucadia National Corp to keep operating, the companies said in a statement Friday. "Leucadia`s support and this financing are by far the best alternative for FXCM, our customers, our...

  • Austrian banks count cost of eastern troubles Friday, 16 Jan 2015 | 2:00 AM ET

    UniCredit Bank Austria, the Austrian bank with the biggest exposure to CEE, booked a 1.6 billion euro loss in 2013 after big goodwill impairments for exposure in the East, where it is trying to sell its Ukraine business after ending an ill-fated foray into Kazakhstan. Raiffeisen ratcheted higher estimates for bad loan provisions due to increasing violence in...

  • Jan 15- Bank of America Corp, the second largest U.S. bank by assets, reported a 14 percent fall in quarterly profit as a decline in bond yields further crimped earnings. Chief Financial Officer Bruce Thompson described the fourth quarter as a "challenging rate environment," but said the bank expected to earn an extra $3.7 billion from higher loan and securities...

  • Jan 14- Continental Resources Inc said that Harold Hamm, its chief executive officer and majority shareholder, has pledged about one-fourth of the company shares he owns as collateral for a personal loan, according to a regulatory filing. Divorce lawyers for Hamm recently said he took out a personal loan to fund a divorce settlement with ex-wife Sue Ann Arnall.