Gordon Kerr, SVP global structured finance at DBRS, speaks about the Italian banking sector.
LUSAKA, Sept 19- Zambia will resume talks with the International Monetary Fund on an aid program in October and hopes to get IMF board approval by the end of the year, one of ist finance officials said on Tuesday. The IMF said in June it may grant Zambia up to $1.3 billion in a three-year credit facility to help plug a budget deficit of around 7 percent.
LUSAKA, Sept 19- Zambia will resume talks with the International Monetary Fund on an aid programme in October and hopes to get IMF board approval by the end of the year, one of ist finance officials said on Tuesday. The IMF said in June it may grant Zambia up to $1.3 billion in a three-year credit facility to help plug a budget deficit of around 7 percent.
Lobbyists and Republican lawmakers are gearing up for battle over a new U.S. regulation that is likely to dent profits in the $6 billion short-term, high-interest "payday" loan industry.
Toys 'R' Us is working on getting a loan to fund operations in a potential bankruptcy filing possible before the holidays, sources said.
Where you live determines what you'll pay to put a lock on your credit report.
Financial institutions with exposure to U.S. properties hit by Hurricanes Harvey and Irma are tempering their loss estimates.
A Beijing court sentenced two men who led a 50 billion Chinese yuan ($7.6 billion) Ponzi scheme to life imprisonment on Tuesday, Xinhua reported.
The performance of collateralized loan obligations has been given a boost by the strength in the U.S. economy, with default rates decreasing, says Oliver Wriedt of CIFC.
*Key credit facility extended by 3 months to Jan.15. Sept 8- North American lenders to Noble Group have again extended the deadline for a $2 billion credit facility, this time by three months to Jan. 15, the commodity trader said on Thursday. The heavily indebted company, once Asia's commodity trading powerhouse, has been slashing jobs and selling assets to cut debt...
The Education Department calls the Consumer Financial Protection Bureau "overreaching and unaccountable."
David Ellison, Hennessy Funds, and Jack Micenko, Susquehanna Financial, debate whether financials are a good investment amid inflation and rising rates.
SINGAPORE, Sept 5- Noble Group is in discussions with its North American lenders to extend an October deadline for a $2 billion credit facility, while also taking steps to sell parts of its business to cut debt, its chairman said on Tuesday. Paul Brough, a board member and restructuring veteran, who took over as the commodity trader's chairman in May, told...
High levels of inventory and new cars on the way is a good sign for shoppers.
Veteran underwriter of subprime mortgages, Dan Perl is leading a small band of lenders making subprime loans once more, the Financial Times writes.
The Central Bank of Russia (CBR) said late Tuesday it planned to rescue Otkritie, the country's seventh-largest bank by assets according to Interfax data, amid concerns about its loan portfolio.
ABIDJAN, Aug 30- Cameroon's economic growth rate will slip to around 4 percent this year, down from a revised 2016 rate of 4.5 percent because of a slowdown in its oil and gas sector, the International Monetary Fund said on Wednesday. The IMF approved a $666 million, three-year extended credit facility in June for Cameroon, which has been hit hard by the global...
Younger buyers taking out auto loans at higher rate than Gen Xers did when they were that age.
LAGOS, Aug 29- Nigeria's United Bank for Africa said on Tuesday it had made a provision on loans made to 9 mobile, the mobile operator formerly known as Etisalat Nigeria. The lender did not give details of the provision but said it had a 38 billion naira exposure to 9 mobile. UBA said the exposure was secured, and part of a syndicated loan with a group of 12 other banks...
Corporate debt in China is falling, but short-term consumer debt is surging, says Deutsche Bank.