SINGAPORE/ HONG KONG, Sept 19- Nomura Holdings Inc and co-lenders spent nine months poring over the books, sizing up management and even checking out the factory floor at China's Ultrasonic AG before deciding in August to give the Frankfurt- listed shoemaker a $60 million unsecured credit facility.» Read More
CNBC's Sharon Epperson says about a third of millennials do not have any credit cards; and Lynnette Khalfani-Cox from Askthemoneycoach.com, provides perspective to the downside for these people.
Individuals aged 18-29 are less likely to own a credit card than any other age group, according to a new Bankrate.com study.
DUBAI, Sept 4- A unit of Dubai Holding, the investment vehicle of the emirate's ruler, said on Thursday it was in talks with lenders to raise a syndicated loan, with banking sources adding the facility could be worth up to 4 billion dirhams.
What is the DOJ planning to do with the money its getting from Bank of America's settlement? Tom Fitton, Judicial Watch President, says some of the money is going to liberal activist groups.
CNBC's Dominic Chu reports Lending Club has filed for an IPO, but there is no indication of which exchange the stock will list with.
Alibaba has dominated the IPO headlines, but LendingClub's plans to raise $500 million in an offering likely has greater relevance to Americans.
Aug 27- Education Management Corp said it would undertake a financial restructuring that would reduce its debt by about $1.1 billion and would seek a waiver of all financial covenants through June under an amendment to its credit facility.
Government agencies are warning that signing over your pension for several years is often not worth a quick cash loan.
CNBC's Phil LeBeau says subprime auto loans surged in Q2, according to Experian.
Corporate Asia has taken advantage of ultra-low interest rates, loading up on debt, but with rates set to rise, there may be risks ahead.
The indictment offers a detailed look at the mechanics of the multibillion-dollar payday loan industry.
The mortgage crisis was launched in part by lenders offering credit to those they probably shouldn't, the Fiscal Times reports.
GM received a subpoena from the US Department of Justice requesting information about the company's use of subprime automobile loan contracts.
MOSCOW, Aug 4- Russia's Uralkali, the world's largest potash producer, has signed an agreement with Promsvyazbank to open a $250 million credit line with a 10- year payback period, the company said on Monday.
LendingTree has seen it all. Dot-com boom and bust. A housing bubble that was great until it wasn't. But it's still going—and maybe growing.
NEW YORK, July 31- Banks gave Puerto Rico's electric power authority a two-week extension on $671 million in revolving loan facilities on Thursday as the troubled authority negotiates with creditors over its vital near-term cash needs. Of that, $146 million was due to Citigroup Inc on Thursday.
CNBC's Josh Lipton speaks to PayPal co-founder and serial entrepreneur Max Levchin, about his new lending service start-up Affirm, an alternative to banks for lending.
This time it is auto loans, not the housing market, that appear to be driving a credit bubble similar to the 2008 bubble. FT reports.
For banks working on their post-financial crisis image, catering to poor clients may lead to good will from regulators, the NYT reports.
*U.S. imposes toughest Russia sanctions yet over Ukraine. LONDON, July 17- New U.S. sanctions imposed on Russia for its actions in Ukraine will make it more difficult for Russian companies to refinance existing international loans and has dashed hopes that Russia's syndicated loan market is reopening, bankers said on Thursday.