It said a failure to raise capital may prompt its auditor to issue a "going concern" warning, which would constitute an event of default under a senior credit facility where it had $266.8 million outstanding as of Dec. 27. Fairway lost $9.7 million in the quarter ended on Dec. 27, as net sales fell 7 percent to $191.7 million. In Monday trading, Fairway shares fell 4.5...» Read More
Corporate Asia has taken advantage of ultra-low interest rates, loading up on debt, but with rates set to rise, there may be risks ahead.
GM received a subpoena from the US Department of Justice requesting information about the company's use of subprime automobile loan contracts.
LendingTree has seen it all. Dot-com boom and bust. A housing bubble that was great until it wasn't. But it's still going—and maybe growing.
CNBC's Josh Lipton speaks to PayPal co-founder and serial entrepreneur Max Levchin, about his new lending service start-up Affirm, an alternative to banks for lending.
For the first time in recent memory, financials investors are judging bank earnings by Main Street borrowing versus Wall Street trading.
Mark Okada, Highland Capital, reveals where he is finding opportunity in bank loans.
Bank of America will announce it will lower the threshold for consumers who qualify for discounts on loans and other benefits.
Bank lending to companies with few restrictions has surged back, but does the record issuance of cov-lite loans mean defaults are near?
CNBC's Rick Santelli and Rep. Scott Garrett (R-N.J.), discuss fair-value accounting in government loan programs. Garrett also comments on the future of the GOP.
The high cost of putting your child's wants before your own needs.
Many working poor Americans fall into the cycle of payday loans, which can trigger deeper debt. A search for financial solutions.
Americans defaulted at the lowest rates last month since before the recession rocked the U.S. economy, according to a new report.
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.
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.