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.» Read More
*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.
Tim Sloan, Wells Fargo CFO, discusses what's driving loan demand now. We are optimistic about the spring selling season, says Sloan. And Jack Welch, Jack Welch Management Institute at Strayer University, shares his thoughts on retail space.
CNBC's Phil LeBeau reports the average auto loan is now averaging $27,430 according to Experian. The "Closing Bell" panel provides perspective on the data.
CNBC's Phil LeBeau reports the average auto loan is now at an all-time high.
One out of every five auto loans now is for at least six years in length, reports CNBC's Phil LeBeau. A look at record setting auto loan demand. "The Profit" host Marcus Lemonis, provides perspective.
Secretary of State John Kerry said the U.S. plans to provide $1 billion in loan guarantees and will consider direct assistance.
CNBC's John Harwood reports Secretary of State John Kerry says the U.S. is considering a $1 billion loan to Ukraine.
Michael Arougheti, CEO of Ares Capital, discusses the growing European non-bank lending market and says that non-bank lenders have "become the banks of today."