For banks working on their post-financial crisis image, catering to poor clients may lead to good will from regulators, the NYT reports.» Read More
Mark Okada, Highland Capital, reveals where he is finding opportunity in bank loans.
Bank of America will announce it will lower the threshold for consumers who qualify for discounts on loans and other benefits.
June 16- Payment processor Wex Inc said it would buy privately held peer Evolution1 for $532.5 million in cash to strengthen its position in the healthcare payment processing market. The deal, expected to close in the third quarter, would be funded through cash on hand and existing credit facility, Wex said in a statement on Monday.
Bank lending to companies with few restrictions has surged back, but does the record issuance of cov-lite loans mean defaults are near?
CNBC's Rick Santelli and Rep. Scott Garrett (R-N.J.), discuss fair-value accounting in government loan programs. Garrett also comments on the future of the GOP.
The high cost of putting your child's wants before your own needs.
Many working poor Americans fall into the cycle of payday loans, which can trigger deeper debt. A search for financial solutions.
May 27- Aeropostale Inc said it secured a $150 million credit facility from private equity firm Sycamore Partners, in what could be a lifeline for the struggling teen apparel retailer. Shares of Aeropostale, which reported its sixth straight quarterly loss last week, rose as much as 17 percent on the New York Stock Exchange on Tuesday.
*Hillshire Brands shares jump after Pilgrim's Pride bid. *Cisco shares up on Deutsche Bank upgrade, price target hike. *Aeropostale jumps after it secures $150 mln credit facility.
May 27- Aeropostale Inc said it secured a $150 million credit facility from private equity firm Sycamore Partners, in what could be a lifeline for the struggling teen apparel retailer. Shares of Aeropostale, which reported its sixth straight quarterly loss last week, rose 8.5 percent to $3.70 in premarket trading.
MARACAIBO, Venezuela, May 21- Venezuelan state oil company PDVSA on Wednesday said it had been granted a total of $2 billion in credit lines by oilfield services companies Halliburton Co, Schlumberger NV and Weatherford International Ltd..
Americans defaulted at the lowest rates last month since before the recession rocked the U.S. economy, according to a new report.
*Russia courts cautious Asia, banks with franchises. LONDON, May 19- Most Western banks are shunning Russia's syndicated loan market as a result of the Ukraine crisis and could stay away for a year or more, despite the potential loss of more than $45 billion in business.
Jeff Snider, Alhambra Investment Partners, says the growth in auto and student loan debt are the best ways to create systemic poverty in the U.S.
CNBC's Rick Santelli has the latest numbers on housing. And CNBC's Steve Liesman and Steve Wieting, Citi Private Bank, provide perspective
William Emerson, Quicken Loans CEO, provides an update on the housing market. Inventories are tight and home prices have gone up, says Emerson.
*Fitch: loan extension won't affect Kenya rating. NAIROBI, May 15- Kenya has won a three-month extension on a $600 million syndicated loan, a senior Treasury official said on Thursday, giving it time to continue discussions on its first ever dollar bond which has been delayed.
John Aziz, TheWeek.com business reporter, discusses how the financial illiteracy in the U.S. impacts mortgages and the housing sector.
Clawing back and becoming "rebanked" is a daunting task for poor Americans, since the alternative is an expensive burden on already-strained finances.
Renaud Laplanche, Lending Club founder & CEO, discusses the company's newly formed strategic alliance formed with Union Bank. Laplanche also explains how they help pay off student loans and credit card debt.