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Credit Corporate Debt

  • WASHINGTON, April 20- The U.S. Consumer Financial Protection Bureau on Thursday sued Ocwen Financial Corp, alleging the mortgage loan servicer's "years of widespread errors, shortcuts, and runarounds cost some borrowers money and others their homes," the agency said in a statement.

  • *HSBC, JPM strongest 2016 transaction banking performers in Asia. *JPMorgan adds more people in transaction banking in Asia. HONG KONG, April 20- With dealmaking in Asia sluggish and Chinese investment banks taking market share from global rivals, some foreign banks are ploughing resources into transaction banking, the workaday business of financing trade,...

  • NEW YORK, April 19- Wealthfront Inc, the digital financial advice company, will begin letting some customers borrow against their investment accounts in its first foray into lending. The privately owned Redwood City, California- based firm, which competes against traditional brokerages like Morgan Stanley and Bank of America Corp's Merrill Lynch, said on...

  • NEW YORK, April 14- After having to stomach $31 billion worth of bitter mortgage settlements with government agencies a few years ago, JPMorgan Chase& Co swore off a huge swath of the home loan market. Now, the banks management team, led by Chief Executive Jamie Dimon, is working fiercely to change course hoping to not only bring back customers, but influence what...

  • April 14- HSBC Holdings Plc has agreed to pay about $2 million to settle a civil fraud lawsuit that alleged the bank improperly attempted to get reimbursement from the federally backed U.S. Small Business Administration on bad loans it knew were based on fraudulent or potentially fraudulent information. Under the SBAExpress loan program, designed to help...

  • LONDON/ KIEV, April 14- Ukraine could miss out on energy sector funding from China worth up to $3.65 billion because squabbles between ministries and the state-run energy firm Naftogaz have held up project proposals, according to interviews with officials. Ukraine signed the loan agreement with the China Development Bank in 2012 and it must submit proposals...

  • TOKYO, April 14- Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan commitments worth around 1 trillion yen, sources briefed about the matter said on Friday. The approval is crucial for the troubled conglomerate, which needs billions of dollars in fresh funding to tide...

  • NEW YORK, April 14- After having to stomach $31 billion worth of bitter mortgage settlements with government agencies a few years ago, JPMorgan Chase& Co swore off a huge swath of the home loan market. Now, the banks management team, led by Chief Executive Jamie Dimon, is working fiercely to change course hoping to not only bring back customers, but influence what...

  • MEXICO CITY, April 13- The former chief executive of a Mexican oil services company arrested over a loan scandal that inflicted hefty losses on Citigroup Inc's local Banamex unit was released from prison on Thursday, an official in the city government said. Speaking on condition of anonymity, the official confirmed media reports that Amado Yanez, who was CEO of...

  • SAN FRANCISCO, April 11- Ride services company Lyft has raised $600 million in fresh funding, one of its investors said on Tuesday. Private equity firm KKR& Co said it had joined a $600 million financing round, giving a sizeable financial boost to San Francisco- based Lyft as it continues to compete fiercely with rival Uber Technologies Inc.. Sources close to Lyft...

  • RIDE SERVICES COMPANY LYFT HAS CLOSED A $600 MILLION FINANCING ROUND FROM INVESTORS INCLUDING KKR- KKR PRESS RELEASE.

  • Corporate debt at new highs for these sectors

    Corporate debt hit new highs last year.

  • CENOVUS ENERGY INC CEO FERGUSON SAYS 75 PERCENT OF FINANCING IN PLACE TO BUY CANADIAN ASSETS OF CONOCOPHILLIPS.

  • *Shanghai court orders $79 mln assets frozen. SHANGHAI, April 11- China Huishan Dairy Holdings Co Ltd said it has received a warning of broken loan covenants and that some assets have been frozen, in a double blow for an indebted firm whose shares have crashed and whose finance executive is missing. The dairy also said a Shanghai court had frozen assets worth 546...

  • *Shanghai court orders $79 mln assets frozen. SHANGHAI, April 11- China Huishan Dairy Holdings Co Ltd said it has received a warning of broken loan covenants and that some assets have been frozen, in a double blow for an indebted firm whose shares have crashed and whose finance executive is missing. The dairy also said a Shanghai court had frozen assets worth 546...

  • *Shanghai court orders $79 mln assets frozen. SHANGHAI, April 11- China Huishan Dairy Holdings Co Ltd is facing a major challenge from creditors after banks including HSBC Holdings PLC said the troubled firm had violated covenants linked to a $200 million loan, while a Shanghai court froze some assets. The firm also said a court in Shanghai had ruled to have 546...

  • CARACAS, April 7- Venezuela's central bank has agreed to a repurchase agreement that would provide at least $300 million from New York- based investment fund Fintech Advisory Inc amid a cash crunch, two market sources and a source close to the government told Reuters on Friday. Venezuela's oil-dependent economy is suffering a brutal recession that has...

  • BANK OF AMERICA MERRILL LYNCH ADVISERS ISSUED MORE LOANS TO SMALL BUSINESS CLIENTS IN 2016 THAN IN PRIOR 20 YEARS COMBINED- MERRILL HEAD.

  • NEW YORK, April 4- JPMorgan Chase& Co Chief Executive Jamie Dimon devoted one-third of his annual shareholder letter to arguments for changing regulations, particularly those on bank capital and liquidity, as well as home mortgage loan financing. Dimon's comments on bank regulation come at a time of possible flux in rules and laws under a new White House and...

  • NEW YORK, April 4- Jamie Dimon, chief executive of JPMorgan Chase& Co, on Tuesday devoted one-third of his annual letter to shareholders to arguments for changing regulations, particularly those on bank capital and liquidity, as well as home mortgage loan financing. Dimon said that current regulations are inconsistent and have left banks with "too much capital,"...