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Banks Loans

  • Mueller investigating whether Paul Manafort offered banker a job in Trump White House in exchange for loans

    Federal Savings Bank of Chicago had loaned Manafort three separate loans for homes in New York and the Hamptons section of Long Island.

  • NAIROBI, Feb 21- Kenya began a dollar bond sale on Wednesday that analysts said could reach £3 billion, hours after the International Monetary Fund said the country cannot currently access its $1.5 bln standby credit facility because conditions have not been met. Clarifying comments made by its representative in Kenya, Jan Mikkelsen, a day earlier, the IMF said...

  • NAIROBI, Feb 21- Kenya's $1.5 bln standby credit facility remains in place until the end of March 2018, but the country cannot access it because conditions have not been met, the International Monetary Fund said on Wednesday, clarifying comments given a day earlier. "Kenya continues to have access to resources since June subject to policy understandings to...

  • NAIROBI, Feb 21- Kenya's $1.5 bln standby credit facility remains in place until the end of March 2018, the International Monetary Fund said in a statement on Wednesday, contradicting a statement given a day earlier that access to the facility was lost in June. On Tuesday, Jan Mikkelsen, IMF representative in Kenya, told Reuters that access to the two-year...

  • NAIROBI, Feb 21- Kenya's $1.5 bln standby credit facility remains in place until the end of March 2018, the International Monetary Fund said in a statement on Wednesday, contradicting a statement given a day earlier that access to the facility was lost in June. "The precautionary SBA/SCF arrangement remains in place until end-March 2018," the statement said.

  • KENYA'S $1.5 BLN STANDBY CREDIT FACILITY IS STILL IN PLACE UNTIL END OF MARCH 2018- IMF.

  • *Kenya's Treasury has published a fiscal consolidation plan. NAIROBI, Feb 20- The International Monetary Fund said it stopped Kenya's access to a $1.5 billion standby credit facility last June after failing to agree with the government on a reduction of the fiscal deficit. "The programme has not been discontinued but access was lost in mid-June because a review...

  • Guitar company Gibson reportedly facing bankruptcy

    Iconic guitar brand Gibson could be on the brink of bankruptcy, according to a report.

  • NAIROBI, Feb 20- The International Monetary Fund stopped Kenya's access to a $1.5 billion standby credit facility last June after failing to agree with the government on a reduction of the fiscal deficit, the fund said on Tuesday. The two-year precautionary facility, set to expire next month, was put in place for Kenya in case of unforeseen external shocks that...

  • NAIROBI, Feb 20- The International Monetary Fund stopped Kenya's access to a $1.5 billion standby credit facility last June after failing to agree with the government on a reduction of the fiscal deficit, the fund said on Tuesday. The two-year precautionary facility, set to expire next month, was put in place for Kenya in case of unforeseen external shocks that...

  • NAIROBI, Feb 20- The International Monetary Fund stopped Kenya's access to a $1.5 billion standby credit facility last June after failing to agree with the government on a reduction of the fiscal deficit, the fund said on Tuesday. The two-year precautionary facility, set to expire next month, was put in place for Kenya in case of unforeseen external shocks.

  • Quicken Loans CEO: Inventory and rising prices our biggest concerns

    Jay Farner, Quicken Loans CEO, discusses where he sees the biggest risks to housing as interest rates rise ahead of the spring buying season. Seventy-percent of people reaching out to us are first time homebuyers, says Farner.

  • ABUJA, Feb 16- The World Bank has approved a $486 million credit facility to Nigeria for electricity grid improvements, the lender said on Friday. "The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network and enable distribution companies to supply consumers with additional...

  • Amazon partners with Bank of America for its lending program

    The bank is helping Amazon lend money to some of its sellers.

  • Trump's budget ends student loan forgiveness program, slashes repayment options

    Trump's budget emboldens the government to go after students who don't pay their loans, limits repayment choices and more.

  • Here's how a 5% mortgage rate affect prospective homebuyers

    A 5 percent rate would cause more than a quarter of today's homebuyers to slow their plans and housing affordability is starting to take a hit.

  • BAKU, Feb 12- Azerbaijan's top gold producer, Anglo Asian Mining, said on Monday that it would be able to refinance most of its debt and free up capital for expanding its Gedabek mine after a subsidiary secured a $15 million syndicated loan. Following the refinancing, the London- listed group said its debt principal repayment will fall to $5.1 million this year,...

  • Barclays headquarters in London, England.

    Barclays Bank has been charged with unlawful financial assistance to Qatari investors.

  • The syndication, which comprised 21 international banks, comes as QNB seeks to secure new funding lines in the wake of a dispute between Qatar and Saudi Arabia, the United Arab Emirates, Bahrain and Egypt. QNB said the loan was fully underwritten by: Bank of America Merrill Lynch, the Bank of Tokyo-Mitsubishi UFJ, Barclays Bank, Deutsche Bank, Intesa Sanpaolo, Mizuho...

  • Biggest challenge for European banks is profitability, says ECB's Nouy

    Daniele Nouy, chair of the supervisory board at the European Central Bank, discusses the banking environment in Europe.