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Corporate Debt

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  • NEW YORK, Jan 14- Wells Fargo& Co, one of the biggest lenders to U.S. energy companies, is reviewing each of its loans to the sector in the wake of oil prices tumbling 60 percent since last summer, executives said Wednesday. The bank did not think its energy loan portfolio was at risk enough to justify setting aside any money in the fourth quarter to cover possible...

  • Jan 14- Continental Resources Inc said 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. The Jan. 13 Securities and Exchange Commission filing doesn't state the purpose of the personal loan. Under a November divorce...

  • UPDATE 3-Wells Fargo profit rises on higher loan growth Wednesday, 14 Jan 2015 | 10:40 AM ET

    Jan 14- Wells Fargo& Co, the fourth largest U.S. bank by assets, reported a slight increase in quarterly profit on Wednesday as it earned more from credit cards and corporate loans. Credit cards, one of Wells Fargo's major areas of expansion, were a bright spot as fees rose 12 percent to $925 million. Commercial and industrial loans jumped 15 percent to $271.8 billion,...

  • Jan 14- Wells Fargo& Co, the biggest U.S. mortgage lender, reported a slight increase in quarterly profit as it lent more to commercial and industrial customers. Wells Fargo's total loans rose 2.8 percent to $862.6 billion in the fourth quarter. Wells Fargo shares were down 1.5 percent in premarket trading on Wednesday.

  • NEW YORK, Jan 14- Goldman Sachs Group Inc had to write down its loan to the troubled Portuguese bank Banco Espirito Santo SA in the fourth quarter, cutting the bank's profit and some employees' bonuses, people familiar with the matter told Reuters. The writedown came late in the quarter after a Dec. 22 decision by Portugal's central bank that effectively wiped out...

  • Shenzen-based Kaisa said on Monday it had missed interest payments to investors in its offshore dollar bonds, that many of its bank accounts had been frozen and that a mainland China court had frozen more than $100 million of assets of one of its units. Kaisa's founder and chairman left the company in December, triggering an acceleration of repayment of a loan...

  • WASHINGTON, Jan 13- The U.S. Supreme Court on Tuesday ruled in favor of homeowners seeking to back out of mortgages when lenders are accused of failing to follow a federal "truth in lending" law. On a 9-0 vote, the court handed a win to an Eagan, Minnesota couple, Larry and Cheryle Jesinoski, over the $611,000 loan they obtained in 2007 from Countrywide Home Loans Inc, now...

  • WASHINGTON, Jan 13- The U.S. Supreme Court on Tuesday ruled in favor of homeowners seeking to back out of mortgages when lenders are accused of failing to follow a federal "truth in lending" law. On a 9-0 vote, the court handed a win to an Eagan, Minnesota couple, Larry and Cheryle Jesinoski, over the $611,000 loan they obtained in 2007 from Countrywide Home Loans Inc, now...

  • HONG KONG, Jan 13- The specter of default hanging over China's Kaisa Group, a property developer in seemingly reasonable financial health just two months ago, is forcing investors to rethink how they account for political risk when buying offshore Chinese corporate debt. But Kaisa's case has shown the conventional model of pricing property developers' bonds...

  • RadioShack shares jump on financing rumors Monday, 12 Jan 2015 | 6:01 PM ET

    Salus Capital offered Radioshack $500 million in turnaround financing, Dow Jones reported Monday, citing sources close to the matter.

  • Venture giant IVP appoints two to general partner Monday, 12 Jan 2015 | 7:00 AM ET

    SAN FRANCISCO, Jan 12- Institutional Venture Partners said it had promoted principals Somesh Dash and Eric Liaw to general partner. He serves as a board director or observer for companies such as The Honest Company, which provides eco-friendly diapers and cleaning products; and OnDeck, which provides loan financing to small and medium-sized businesses.

  • Europe faces five years of deflation: Lasry Thursday, 8 Jan 2015 | 11:06 AM ET
    Marc Lasry

    Europe could be looking at a deflationary environment for the next five years, debt investor Marc Lasry tells CNBC.

  • Rosneft says repays around $7 bln in debt Monday, 22 Dec 2014 | 3:44 AM ET

    MOSCOW, Dec 22- Russia's top oil company Rosneft said on Monday it had repaid around $7 billion as part of a bridge loan that matured on Sunday. 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. "To service its debt the company does not need to enter the currency market,...

  • NEW YORK, Dec 19- U.S. homeowners suing mortgage companies once owned by a bank Wells Fargo& Co later acquired won a $54.8 million verdict on Friday in a class action over excessive fees. The verdict, by a federal jury in Manhattan, came in a long-running lawsuit by borrowers whose mortgages were owned or serviced by HomEq Serving or the lender whose loans it was...

  • BANGKOK, Dec 19- Bangkok Bank PCL and Siam Commercial Bank will offer a $1.51 billion bridge loan to Thai Union Frozen Products to finance the purchase of U.S. tuna firm Bumble Bee Seafoods, executives from the two banks said. A senior executive at Bangkok Bank confirmed that Thailand's top lender would participate in providing the loan to Thai Union.

  • 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.

  • 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...