Bank of China Profit Gains 29% on Demand for Credit
Bank of China Ltd., the nation’s fourth-largest lender by assets, said third-quarter profit gained a more-than-estimated 29 percent as economic growth bolstered demand for loans and it reduced provisions.
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CACI Announces Closing of New $750 Million Credit Facility
CACI International Inc , a leading professional services and information technology provider to the federal government, announced today that it has replaced its existing senior secured credit facility with a new $750 million senior secured credit facility.
Read more on Business Wire via Yahoo! Finance
DineEquity signs $950 million credit agreement
The parent of Applebee’s Neighborhood Grill & Bar and IHOP Restaurants said Monday that it signed a new $950 million senior secured credit agreement.
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Banks’ credit improved in Q3, growth uncertain
One of the U.S. banking industry’s main methods of pumping up profits in recent quarters may be nearing its limits, and third-quarter results are expected to be lackluster as a result.
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JPMorgan Leads CMBS Sale as Offerings Revive: Credit Markets
JPMorgan Chase & Co. sold the largest offering of commercial mortgage-backed securities this year as Wall Street seeks to chip away at property debt financed before real estate values plummeted.
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Fitch cuts Ireland credit rating
Fitch cut Ireland’s credit rating Wednesday and consumer morale slumped as the cost of cleaning up its banks hit home and the financial regulator warned of more bad news as the country’s property market continues to unravel.
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Life After Foreclosure: Coping With Bad Credit
The number of people with damaged credit because they could not pay their home loans keeps growing. Millions have gone through a foreclosure or a short sale, when the property is sold for less than the balance due on their mortgage. Beyond the financial impact, borrowers say they feel stigmatized by low credit scores.
Read more on NPR
Tightened credit chills real estate sales
Commercial banks are tightening their real estate lending policies, sending a new chill over the property market. Since July, banks have hiked lending interest rates and applied greater restrictions on mortgage loans, following a warning from the State Bank of Viet Nam urging greater caution on loans for real estate projects.
Read more on Việt Nam News
No matter how improbable it may sound, bad credit cannot stop you entirely from attempting to restructure your finances especially with the availability of a homeowner loan. While most loans may be inaccessible for borrowers who have indications of being delinquent payers, there are financial companies that still extend help for those who are seriously intent on repairing their credit history. A bad credit situation can be brought about by… Continue reading
Most of us when looking to get a used auto loan simply go to the bank or used car lot to ask for an approval. The problem is if we have poor or bad credit, then we usually walk right back out with that “just got denied” look on our faces. Well folks, if you keep reading this article, I will explain just how you can get a used auto… Continue reading
