RCom gets Rs 1,780 cr as second tranche from CDB
Anil Ambani group firm Reliance Communications today said it has drawn a second tranche of Rs 1,780 crore ($400 million) from the Rs 8,700-crore ($1.93 billion) loan facility it secured from China Development Bank.
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CBA on track during ‘fragile’ recovery
THE Commonwealth Bank has posted third quarter cash earnings of $1.7 billion amid “subdued” credit demand and “fragile” economic confidence.
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Bair to leave FDIC, ending tumultuous term
Bair to leave FDIC, ending tumultuous term By DANIEL WAGNER and DEREK KRAVITZ The Associated Press Published May 9, 2011 05:33PM MDT Washington • Sheila Bair is stepping down as chairman of the Federal Deposit Insurance Corp. this summer, ending a five-year term in which she helped craft the government’s response to the 2008 financial crisis. Bair will leave her post on July 8 as one of the top …
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Gramercy Capital Corp. Announces Maturity of Gramercy Realty’s $790 Million Mortgage and Mezzanine Loans
NEW YORK–(BUSINESS WIRE)–Gramercy Capital Corp. (NYSE: GKK) today announced that the scheduled maturity of its (i) $240.5 million mortgage loan (the “Goldman Mortgage Loan”), with Goldman Sachs Mortgage Company (”GSMC”), Citicorp North America, Inc. (”Citicorp”) and SL Green Realty Corp. (”SL Green,” and, collectively with GSMC and Citicorp, the “Mortgage Lenders”), and (ii) $549.7 million …
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Diana Clement: Bad financial advice creates debt delusion
Deluded. That’s what a lot of people are about their debts.There are those who buy goods on interest-free hire purchase (HP) deals but don’t pay them off in time and end up paying all the interest they thought they’d avoid.Then…
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Golden Living Secures $1.5 Billion Term Loan
Golden Living announced today that it has closed on a $1.5 billion term loan and a $75 million cash flow revolver. The company used these proceeds to pay down all of its existing lenders and add capital to its balance sheet.
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Ulster Bank reporting £391m loss
Ulster Bank has posted an operating loss of 441m euros (£391m) for the first three months of 2011.
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Westpac looks to revival in business lending
HOME owners with a Westpac loan will be saved from a top-up rise in mortgage payments as the bank looks to a recovery in business lending to underpin a solid boost in profitability.
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Saab in $223 million deal with China’s Hawtai
Spyker Cars has secured $223 million (euro150 million) in funds for its troubled Saab Automobile division after securing an agreement with China’s Hawtai Motor Group.
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Chase offers mortgage holders a way out
By Mark Puente, Times Staff Writer Friday, April 29, 2011 JP Morgan Chase has a deal for some homeowners behind on their payments: If they’ll accept a quick sale of their home, the bank will give them $10,000 to $20,000 and forgive what it loses on the mortgage. Homeowners get the cash after the home is purchased in a short sale, meaning the buyer pays less than what the bank is owed. What’s in …
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Swan Lake vs slums: Egypt faces housing challenge
CAIRO (AP) – From the roof of the house in which he lives, Mohammed Hassan can see some of central Cairo’s most prized real estate. A five-star hotel sits in the distance to the right, the towering foreign ministry building seems close enough to touch, and the Nile is a straight shot ahead. The 27-year-old restaurant delivery driver shares the eight-room mud brick home with his mother and three …
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Bank Offers Quick Money To Delinquent Homeowners
JP Morgan Chase has a deal for some homeowners behind on their payments: If they’ll accept a quick sale of their home, the bank will give them $10,000 to $20,000 and forgive what it loses on the mortgage.
Read more on The Lakeland Ledger
What can I do about the PlayStation Network hack?
How to respond if you think your personal data or credit card details have been compromised by the Sony PlayStation security breach The hack of Sony’s PlayStation Network has exposed up to 77 million consumers – 3 million of them in the UK – to the risk of identity fraud, with the theft of users’ personal information, possibly including credit card details. What will a criminal do with my …
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Senior Secured Loan Program Closes $536.7 Million in New Financing Transactions
Senior Secured Loan Program , jointly managed by Ares Capital Corporation and an affiliate of GE Capital, announced today the closing of new financing transactions totaling approximately $536.7 million during the first quarter of 2011.
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FOREX: Dollar: Will the Fed’s Step Towards Transparency Trigger a Major Reversal or Merely Disappoint?
There is a lot of event risk over the coming 24 hours of trading; but at the very top of that list is the Federal Open Market Committee’s rate decision. This fundamental headline comes at a particularly important time for the beleaguered greenback.
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