A letter warned of delinquencies, intending to persuade City Hall on a legal point about Uber and other services.» Read More
Ethan Senturia, CEO of Dealstruck, explains how they help millennials with "healthy financing", so their small businesses can grow.
Aug 11- Struggling teen apparel retailer American Apparel Inc said it does not expect to have sufficient funds for the next 12 months and that it may not be able raise additional capital. The company, which is being sued by founder and former CEO Dov Charney, said it could breach covenants related to a credit facility. American Apparel said it was in talks with the...
Mike Hirst, managing director at Bendigo and Adelaide Bank, attributes the 4-basis-point fall in the bank's net interest margins to the competitive low interest rate environment in Australia.
A read on the company's growth, earnings and pipeline, with Renaud Laplanche, Lending Club founder and CEO.
Fifty percent of small businesses didn't receive any financing they applied for in the first half of 2014, according to a survey.
New York City's new initiative to reduce unnecessary jail stays will affect defendants, taxpayers, industries and communities.
MOSCOW, July 30- Sberbank CIB, the investment-banking arm of top Russian bank Sberbank, said on Thursday it had organized a syndicated loan for Belarussian potash producer Belaruskali. Sberbank CIB said in a statement the loan was for 550 million euros, for five years and secured by a guarantee from the Belarussian government. It said the credit facility was...
Penny Pritzker, U.S. Commerce Secretary, weighs in on the role of the Export-Import Bank and why she supports it.
Funding for the SBA's main loan guaranty program resumed after government approval raised its program cap to $23.5 billion.
The SBA reached its $18.75 billion cap for its main loan guaranty program on Thursday halting the funding of 7(a) loans.
WASHINGTON, July 23- The U.S. Small Business Administration said it reached the $18.75 billion cap for its main loan guarantee program on Thursday, forcing it to halt the funding of new loans with more than two months left in the fiscal year. U.S. Senate Small Business Committee Chairman David Vitter, a Republican, told SBA Administrator Maria Contreras-Sweet in a...
WASHINGTON, July 23- The U.S. Small Business Administration said it reached the $18.75 billion cap for its main loan guarantee program on Thursday, forcing it to halt the funding of new loans with more than two months to go in the current fiscal year. SBA spokesman Miguel Ayala said the capacity for fiscal 2015 was exceeded by stronger-than-anticipated demand...
Under pressure to cut a $49 billion bad-debt mountain, India's state-owned banks are reversing years of lax recovery efforts with creative collection tactics.
CNBC's Diana Olick reports interest only mortgages are back and different than before but could open the door to riskier loan products again.
CNBC's Diana Olick the interest-only comeback, requirements to get a loan, and how it plays into the real estate market.
China's market selloff may have decked traders but one group is benefitting: the country's home-grown online finance companies.
The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination. American Honda Finance Corporation said in a statement that it opposed discrimination. According to the complaint, Honda charged thousands of...
The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination.
John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.
TOKYO, July 8- Japan's Toshiba Corp has talked with banks about a credit line worth up to $4.9 billion to secure funding in case an investigation into accounting irregularities hurts its creditworthiness, sources familiar with the discussions said on Wednesday. The sources said Toshiba has sounded out its three main banks on a credit line worth between 500...