RadioShack's shares were up 21 percent at 96 cents in morning trading on the New York Stock Exchange. Standard General, which raised its stake in RadioShack to 9.8 percent from 7.08 percent to become the largest shareholder, said its proposals include purchasing the company's loans and other commitments under its credit facility.» Read More
BNP Paribas, France’s largest bank by assets, has put on the block up to $11 billion of loans to oil and gas companies, the Financial Times reports.
The “key issue” facing Europe’s banks is raising capital, not improving liquidity, JP Morgan Chase International’s chairman Jacob Frenkel told CNBC Wednesday.
The housing market is improving but it's not clear whether it has hit its low yet, Wells Fargo Chief Financial Officer Timothy Sloan told CNBC.
Iis Bank of America cutting credit lines to some small businesses? That question emerged on Tuesday after a Los Angeles Times report cited at least two small-business owners who claim that Bank of America is now forcing them to pay their balances in full versus on a monthly basis — a move that could wipe them out.
For the first time in three decades, there more young women in school than in the work force, the New York Times reports.
Banks have boosted lending by 8.2 percent since July according to Federal Reserve statistics. USA Today reports.
CNBC's Phil LeBeau has the details on the uptick in subprime car buyers. With more people getting loans and buying cars, how is this affecting the economy? Rebecca Lindland, IHS director of automotive research, weighs in on the need for a happy medium.
In the latest bad news for the market for commercial mortgage-backed securities, a commercial real estate securitization trust disclosed losses of more than 100 percent on five loans, the New York Times reports.
Companies in the U.S. and Europe will need to compete with emerging market firms for debt capital funding in the future, according to emerging market credit experts speaking at the Association for Financial Markets in Europe’s high yield conference last week.
Two former bomb technicians transitioning back into civilian life are taking on a different type of risk: In June, they started Bullets2Bandages, a fashion jewelry business that donates 15 percent of profits to veterans' nonprofits, reports The Huffington Post.
While the current notion is that securing a business loan is near impossible, the truth is that there are still bank loans available for those who do the necessary footwork and come prepared, says Mike Lubansky of Sageworks Inc.
More U.S. homes entered the foreclosure process in October than in the previous month, with Florida, Pennsylvania and Indiana registering among the largest monthly increases, new data show.
Withdrawing money from a retirement account can carry a high price. Besides jeopardizing long-term savings, withdrawals can incur a 10 percent penalty. Still, if you’re in a financial pinch there are some options for cracking your nest egg that are better than others.
America is in the midst of physical decline. Decades of infrastructure neglect are eroding centuries of economic progress. Call it: The Great Regression.
"When I look at Zuccotti or McPherson or Grant Park, I’m not surprised the Occupiers don’t have a fixed agenda, writes the best-selling author," adding, "For decades, we’ve been like a tether ball in a schoolyard, pummeled by so much abuse from so many different directions that we’ve just spun around in circles. Now, the Occupiers are stopping the ball."
CNBC's Scott Cohn has the story on why student loans is sparking anger and driving the Occupy Wall Street movement.
President Obama’s proposal to expand access to mortgage refinancing has reignited a debate about the appropriate role for government in supporting the housing market. Some economists argue that the best way to spur the recovery is to stop intervening, let matters run their course, and allow home prices to normalize naturally.
Richard Bove, Vice President of Equity Research, Rochdale Securities shares details of the FHFA lawsuit against Bank of America.
Small businesses are still struggling to get financing, and that has many entrepreneurs wondering how to go about getting the cash they need to either start or maintain their business.
In 2010 it took almost a whole year to get $1 trillion loan volume. This year it took barely seven months.