Amazon is planning to expand its business loan program to China and seven other countries.» Read More
NEW YORK, June 18- Creditors of Puerto Rico's struggling electric power utility PREPA have agreed to extend a creditor agreement to June 30, the utility said on Thursday, a move which allows crucial restructuring talks to continue. PREPA, with about $9 billion of debt, also has a June 30 deadline by which to reach a restructuring deal with creditors.
NEW YORK, June 18- Bondholders of Puerto Rico's struggling electric power utility PREPA have offered to extend a creditor agreement to the end of this month, allowing crucial restructuring talks to continue, a source familiar with the bondholders said on Thursday. PREPA, with around $9 billion of debt, has a June 30 deadline by which to reach a restructuring deal...
NEW YORK, June 18- Bondholders of Puerto Rico's struggling electric power utility PREPA have offered to extend a creditor agreement due to expire on Thursday, to the end of June, a source familiar with the bondholders said. Talks to restructure the utility remain underway, the source said. At least 60 percent of creditors are needed to approve an extension.
Goldman Sachs is planning to offer consumer loans through a website or app. Insight, with Jeff Harte, Sandler O'Neill.
Eric Wasserstrom, Guggenheim Securities, weighs in on Goldman Sachs online lending service for consumers and small businesses.
Goldman Sachs hopes to be ready to make its first online loans by next year, with J.B. Pritzker, Pritzker Group.
The low-cost unit will allow Goldman to charge lower interest rates and still make a profit. But the venture holds risks.
CNBC's Sharon Epperson discusses the student loan ripple effect as debt increases for students.
A look at the ramifications of defaulting on student debt by The New York Times.
June 12- Electric car maker Tesla Motors Inc said on Friday that along with its subsidiary, Tesla Motors Netherlands B.V., it had entered into a $500 million senior secured asset-based revolving credit agreement. The agreement was signed with a group of banks, including Deutsche Bank, Bank of America, the company said. Tesla said in May that it planned a total of $1.5...
June 12- Electric car maker Tesla Motors Inc said on Friday that along with its subsidiary, Tesla Motors Netherlands B.V., it had entered into a $500 million senior secured asset-based revolving credit agreement. The agremeent was signed with a group of banks, including Deutsche Bank, Bank of America, the company said. In May, the company unveiled Tesla Energy-...
Homes are in short supply and millennials are staying home longer, says Stuart Miller, Lennar CEO, discussing the slow, but steady improvement in the housing market. Also Miller weighs in on regulations and the difficulty for many homebuyers to obtain mortgages.
May 21- Uber Technologies Inc is seeking a $1 billion credit line from banks, the Wall Street Journal reported, citing people familiar with the matter. The cab-hailing company is in talks with a number of large banks for the loan, asking them how much they would commit and at what terms, the Journal reported, citing the people. San Francisco- based Uber, which has grown...
Stories that begin with central banks easing bank lending requirements don't often end happily, but Indonesia may dodge creating a credit bubble.
DUBAI, May 20- An $85 million loan taken out by a Ugandan bank this year points to an emerging trend in international capital markets: the rise of the Gulf as a syndicated loan market for Africa and Asia. Stanbic Bank Uganda originally intended to raise $75 million through the 18- month deal in January, but expanded that because of strong interest from banks wanting...
We're actually lowering our forecast, says David Stevens, Mortgage Bankers Association CEO, sharing the outlook on housing and weighing in on the mortgage rate game.
The world's largest online consumer loans marketplace is disrupting the way people borrow money.
PayPal co-founder Max Levchin announced his lending startup Affirm has raised $275 million, reports CNBC's Josh Lipton.
Mortgage applications fell 4.6% overall last week, but activity was up for new home loans.
The Justice Department wants us to admit fraud and we're not going to do that, says Quicken Loans Chairman Dan Gilbert, weighing in on the DOJ's probe of the company and other large lenders.