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Credit Corporate Debt

  • Caracas/ Houston, Aug 11- Venezuelas unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive and offering prized state-owned oil assets in return, sources familiar with the negotiations told Reuters. Venezuela's state-owned oil firm, Petroleos de Venezuela, has been secretly negotiating since at...

  • SYDNEY, Aug 11- Australia's corporate regulator said on Friday it was conducting an investigation into Commonwealth Bank of Australia after the financial intelligence agency sued the bank for alleged breaches of money-laundering and terror financing laws. Australian Securities and Investment Commission Chairman Greg Medcraft told a parliamentary...

  • SAO PAULO, Aug 10- Banco do Brasil SA's loan book and interest income should shrink this year, executives said on Thursday, as a spike in second-quarter corporate defaults slowed the recovery of the nation's No. 1 state-controlled lender. The dialing-down of forecasts underscores how state lenders are struggling more than their private-sector rivals to cope...

  • SAO PAULO, Aug 10- Banco do Brasil SA's loan book and interest income are expected to shrink this year, magnifying the woes of the country's largest state-controlled lender as corporate defaults unexpectedly spiked in the second quarter. The dialing-down of forecasts underscores how state lenders are struggling more than their private-sector rivals amid...

  • WASHINGTON, Aug 9- A group of U.S. senators from both parties on Wednesday turned up the heat on Wells Fargo Inc. over its latest scandal, in which hundreds of thousands of car-loan borrowers were charged each month without their knowledge for collision insurance, which many of them did not need. The Republican chairs of the committee and the subcommittee that...

  • 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...