CNBC's Phil LeBeau says subprime auto loans surged in Q2, according to Experian.» Read More
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.
Aaron Vermut, Prosper Marketplace CEO, discusses the company's alternative online lending platform and strong growth in the sector.
Hundreds of New York City business owners whose storefronts were damaged by Hurricane Sandy more than a year ago are still waiting for federal aid.
A new report finds that the vast majority of short-term payday loans—4 out of 5—are not paid off within 14 days and are rolled-over or renewed.
March 25- Women's apparel retailer Body Central Corp raised doubt about its ability to continue as a going concern after it reported its third straight quarterly loss and negative cash flows from operations. Body Central also said it would expand its credit facility, cut jobs and defer certain capital projects to improve liquidity.
LONDON, March 24- Commodity trader Gunvor has reassured lenders the firm will avoid U.S. sanctions under its new ownership structure as it presses ahead with plans to raise what bankers said would be a $665 million syndicated loan.
LONDON, March 24- Commodity trader Gunvor has reassured lenders the firm will avoid U.S. sanctions under its new ownership structure as it presses ahead with plans to raise a $665 million syndicated loan, bankers said on Monday.
"The Profit" host Marcus Lemonis shares his opinions on General Motors CEO Mary Barra's handling of the recall investigations, as well as news San Francisco will lend up to $200,000 to first time home buyers.
Hayman Capital Management founder and managing partner Kyle Bass claims some of New York regulator Ben Lawsky's scrutiny on Nationstar is motivated by his political position in New York.
Hayman Capital Management founder and managing partner Kyle Bass provides insight into his firm's increased stake in Nationstar Mortgage, despite the company being under scrutiny by New York regulator Ben Lawsky.