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Credit Corporate Debt

  • Aug 7- Shares of OnDeck Capital Inc rose as much as 17 percent on Monday after the online lender said it had made progress on a plan to cut costs and improve the credit profile of its borrowers, and expects to reach double-digit loan growth again by next year. Shares of the company have fallen more than 75 percent to $4.93 since its listing in December 2014.

  • Aug 7- Online lender OnDeck Capital Inc said on Monday that it has made progress on a plan to cut costs and improve the credit profile of its borrowers, and expects to reach double-digit loan growth again by next year. Shares of the New York- based company rose 5.7 percent to $4.46 in early trading after OnDeck gave the rosy outlook in its second-quarter earnings...

  • MANILA, Aug 6- Philippine construction firm Teravera Corp is planning to raise a fourth dollar loan in a year, after borrowing around $2.5 million to buy dozens of excavators, road rollers and dump trucks from China, South Korea and Japan. While the peso's dip is raising eyebrows in a region where the Thai baht and the Malaysian ringgit are flirting with multi-year...

  • MANILA, Aug 6- Philippine construction firm Teravera Corp is planning to raise a fourth dollar loan in a year, after borrowing around $2.5 million to buy dozens of excavators, road rollers and dump trucks from China, South Korea and Japan. While the peso's dip is raising eyebrows in a region where the Thai baht and the Malaysian ringgit are flirting with multi-year...

  • Aug 4- Wells Fargo& Co will pay the U.S. government $108 million to settle a whistleblower lawsuit claiming it charged military veterans hidden fees to refinance their mortgages, and concealed the fees when applying for federal loan guarantees. The third-largest U.S. bank on Friday said the accord resolved claims that its Interest Rate Reduction Refinance...

  • DUBAI, Aug 3- Goldman Sachs has bought a slice of Saudi Aramco's $10 billion credit facility as it seeks a role in the historic listing of the oil company, sources familiar with the matter told Reuters. Goldman purchased a portion of the $10 billion revolving credit facility Aramco signed with a number of banks in 2015. Aramco plans to raise $100 billion through the...

  • DUBAI, Aug 3- Emirates National Oil Company has secured a $500 million revolving credit facility which it will use to back its growth over the next few years, it said in a statement on Thursday. ENOC Group's chief executive, Saif Humaid Al Falasi, said: over the next five years, the group will focus on expanding capacities to support domestic energy demand in...

  • WASHINGTON, Aug 2- Big banks say tight U.S. financial regulation forces them to sit on capital and not put money to work by making loans, but in truth they choose to distribute all of their earnings to investors instead of lending them, a long-time regulator said in a letter to two powerful senators released on Wednesday. Federal Deposit Insurance Corporation Vice...

  • NEW YORK, Aug 2- New York state's banking and insurance regulator issued subpoenas on Tuesday to two Wells Fargo& Co units after the bank said it had sold auto insurance to hundreds of thousands of customers who did not need it. The New York Department of Financial Services is demanding Wells' loan contracts with New York borrowers, its financing agreements with...

  • WASHINGTON, Aug 2- Big banks say tight U.S. financial regulation forces them to sit on capital and not put money to work by making loans, but in truth they choose to distribute all of their earnings to investors instead of lending them, a long-time regulator said in a letter to two powerful senators released on Wednesday. Federal Deposit Insurance Corporation Vice...

  • WASHINGTON, July 31- Loan officers at U.S. banks reported tightening lending standards on commercial real estate loans while terms for business loans remained largely unchanged, the Federal Reserve reported on Monday in a quarterly survey. The officers surveyed also reported a weakening in demand for both types of loans in the second quarter.

  • July 27- Wells Fargo and Co said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance policies. Wells Fargo said late Thursday it would pay back $80 million to customers wrongly charged for car loan insurance in the coming months, which included $64 million in...

  • July 27- Wells Fargo and Co said it would reimburse about 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance policies. The total compensation of about $80 million will be refunded to customers in the coming months- $64 million in cash and $16 million of account adjustments, the bank said late...

  • July 27- Private equity-owned business software company BMC Software Inc has ended talks to merge with enterprise software maker CA Inc after struggling to arrange financing for the deal, three people familiar with the matter said on Thursday. CA shares fell 10.2 percent to close at $31.10 on Thursday, after the Wall Street Journal first reported that the...

  • July 27- Private equity-owned business software company BMC Software Inc has ended talks to merge with enterprise software maker CA Inc after struggling to arrange financing for the deal, a source familiar with the matter said on Thursday. CA shares were down 7.8 percent at $31.93 at midday, after the Wall Street Journal first reported that the talks with BMC...

  • July 27- Private equity-owned business software company BMC Software Inc has ended talks to merge with enterprise software maker CA Inc after struggling to arrange financing for the deal, a source familiar with the matter said on Thursday. The termination of the negotiations shows that banks are still reluctant to finance leveraged buyouts of mature...

  • DUBAI, July 27- Abu Dhabi National Oil Company has picked an initial group of banks to arrange a planned syndicated loan of up to $5 billion, banking sources familiar with the matter said on Thursday. Bank of Tokyo-Mitsubishi UFJ, First Abu Dhabi Bank, HSBC, and JPMorgan have a lead role in the deal, said the sources. The state-owned company, which manages almost all of...

  • TORONTO, July 26- Shares in Home Capital Group Inc relinquished early gains on Wednesday as concerns about tougher mortgage regulations offset news it had paid back the balance of a C $2 billion loan from Warren Buffett's Berkshire Hathaway. Repayment of the credit facility will significantly reduce the interest paid on borrowings going forward, Home...

  • *Says recently got $300 mln unsecured loan from Morgan Stanley. LONDON, July 24- Chinese conglomerate HNA Group has pushed back against media reports that it faces mounting pressure from bankers and regulators, even as it announced a shareholding shake-up in a bid to quash concerns over its ownership. "I think we are operating our company legally, we have nothing...

  • MEXICO CITY, July 24- Mexico's national oil company Pemex said on Monday that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018.. Petroleos Mexicanos, as the company is formally known, said on Sunday it had successfully reopened two long-term bonds to raise about $5 billion, and would use some of the...