Dick Bove, vice president of equity research at Rafferty Capital Markets, says that companies in the credit card business are among those with the biggest risks.
Berkshire Hathaway Inc's commitment of a C $2 billion credit facility to Home Capital Group Inc, Canada's largest nonbank lender, marks the billionaire's latest effort to shore up a company in dire need of cash. "It's a traditional, opportunistic Berkshire transaction," said Cathy Seifert, a CFRA Research equity analyst, in an interview. "Today's announcement is a...
Home Capital said Berkshire Hathaway will provide a new C$2 billion ($1.5 billion) line of credit to its unit Home Trust Co., ending the Canadian lender's strategic review process.
*Expects net cash proceeds of C $1.16 billion. June 20- Canadian lender Home Capital Group Inc said on Tuesday it would sell a portfolio of commercial mortgage assets valued at C $1.2 billion to private equity firm KingSett Capital. The expensive bridge financing of C $2 billion provided by HOOPP came with an effective interest rate of 22.5 percent on the first C...
Gildas Surry, partner at Axiom Alternative Investments, speaks about the European banking environment.
*Says in talks with bankers over credit facility due May 2018. SINGAPORE, June 20- Noble Group Ltd on Tuesday confirmed it had extended a key debt deadline and was in "constructive" talks with potential investors, but the crisis-hit trader also pushed back payment of the coupon on a closely watched bond. The decision to defer payment of the coupon on its $400 million...
*Creditors agree to push back key deadline by 4 mths- source. SINGAPORE, June 19- Shares in Singapore- listed commodity trader Noble Group had some respite on Monday, climbing 9 percent after a source familiar with the matter said its creditors have agreed to push back a key repayment deadline by four months. Battered by concerns over its financial strength in...
Eurozone finance ministers and the Greek government have reached a deal over the country's debt.
The bank denies allegations in lawsuits that it changed the loan terms of customers in bankruptcy without their knowledge, putting them at risk of default.
Gianluca Corradi, head of U.K. banking practice at Simon-Kucher & Partners, discusses news that Italian banks Banca Popolare di Vicenza and Veneto Banca will be saved without a bail-in.
CNBC's Melissa Lee is live from eMerge with David Zalik, co-founder and CEO of Greensky, whose company also appears on CNBC's Disruptor 50 list.
SAO PAULO, June 9- Brazilian mining firm Vale SA said on Friday it had lined up a five-year $2 billion revolving credit facility, replacing a five-year $2 billion line agreed in 2013..
John Raymond, senior analyst for European banks at Creditsights, speaks about the rationale behind Santander's move to rescue fellow Spanish bank Banco Popular.
CNBC's Annette Weisbach reports on the potential for the European Central Bank to rescue ailing lenders in Italy, following Spanish bank Santander's acquisition of Banco Popular.
Rick Rieder, global chief investment officer of fixed income at BlackRock, weighs in on students loans, consumer debt and the economy.
CNBC's Phil LeBeau reports the latest on the big drop in the number of subprime loans being written and if it could hurt car sales.
CNBC's Phil LeBeau has the details of a new report showing lenders are beginning to realize too much subprime lending is not good.
Peter Thal Larsen, global economics editor at Reuters Breakingviews, speaks about Santander's move to buy Banco Popular.
Gianluca Corradi, head of U.K. banking practice at Simon-Kucher & Partners, updates on the troubles faced by Italy's banking sector.
Dick Bove, bank analyst for Rafferty Capital, discusses his caution on investing in the dip in financials.