WPRI-TV reports that the quasi-public agency that oversees the loan program, Commerce RI, alerted the governor's office last month that there was not enough money to pay back $2.25 million remaining on the $3.7 million loan received by North Kingstown- based The Corporate Marketplace in 2011.. The same program was used to get a $75 million loan in 2010 by 38...» Read More
CNBC's Gary Kamnisky offers his view on earnings and discusses whether the bullish case can prevail.
The Fed announces a consent order against Morgan Stanley for morgage misconduct at Saxon. CNBC's Steve Liesman reports.
A clutch of Europe’s biggest banks are preparing to return a chunk of the cheap three-year funding they recently took from the European Central Bank as early as this year. The FT reports.
Peer-to-peer lending is gaining in popularity. Find out how to protect yourself against scams like the one a former mortgage broker in Hawaii pulled on his victims.
Sharing perspective on the Jobs Act and the current status of access to capital, with Richard LeFrak, The LeFrak Organization.
Debt is manageable through familiar tactics such as paying more than the minimum payments and transferring balances, but where should you turn to alleviate the pain if your debt balloons to a level beyond control?
Personal debt dies with the borrower, and thus can’t be passed along to children or spouses -- but there are some notable — and potentially costly — exceptions.
Central bank interest rates may be at historic lows but in many loan markets around the world companies are paying more to borrow, the eurozone debt crisis blunting lenders’ appetite for risk. Not so in Japan.
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.