Category: Credit

Capital and risk, Credit

Citigroup downgraded on credit quality concerns, ‘disappointing’ margins

October 16, 2017


Mounting credit concerns and lethargic profit margins will plague “weak” Citigroup earnings over the next two years, said one Wall Street research firm. Societe Generale reduced its rating on Citigroup shares to sell from hold Monday, citing deteriorating credit trends […]

Capital and risk, Credit

Corporate vs. Business Credit Cards: Which Is Best for Your Bottom Line?

October 10, 2017

Via: GOBankingRates

Corporate and business credit cards are two different things. Corporate credit cards are typically issued to businesses with revenues of several million to billions of dollars, and the company, not an individual, is liable for any nonpayment issues. Business credit […]

Capital and risk, Credit

Best Credit Unions: 18 Top Picks for International Credit Union Day

October 9, 2017

Via: GOBankingRates

Credit unions are nonprofit financial institutions that are owned by their members — and for many, they’re a popular alternative to national and community banks. In honor of International Credit Union Day — celebrated annually on the third Thursday of […]

Capital and risk, Credit, Products, Retail banking

Hey big lender! Finastra, R3 and seven banks have blockchain plan

October 5, 2017

Via: Banking Technology

Finastra, R3 and seven banks – including BNP Paribas, BNY Mellon, HSBC, ING and State Street – are working together to create a blockchain-fuelled online marketplace for the syndicated loan market. Underpinned by Corda, R3’s distributed ledger technology (DLT) based […]

Capital and risk, Credit, Regulations

Finance Industry Sues to End U.S. Rule Curbing Forced Arbitration for Consumers

October 2, 2017

Via: Insurance Journal

A coalition of corporate lobbying groups, led by the U.S. Chamber of Commerce, sued the Consumer Financial Protection Bureau to overturn a rule that makes it easier for aggrieved customers to file lawsuits against financial firms. The litigation, filed Friday […]

Capital and risk, Credit

Wells Fargo Agents $275MM Oncor Electric Facility

September 28, 2017

Via: ABF Journal

Oncor Electric Delivery entered into a term loan credit agreement with Wells Fargo Bank as administrative agent. The agreement provides for a springing-lien term loan credit facility in an aggregate principal amount of $275 million. The term loan agreement has […]

Capital and risk, Credit

JPMorgan, BofA Agent MRC Global Total $1.2B Financing

September 27, 2017

Via: ABF Journal

MRC Global closed a new $400 million seven-year senior secured term loan B and an amendment and extension of its global senior secured ABL facility, with a new size in the amount of $800 million. JPMorgan Chase was administrative agent […]

Capital and risk, Credit

U.S. Bank Provides $125MM Facility to Utah Jazz

September 14, 2017

Via: ABF Journal

U.S. Bank provided a $125 million credit facility to the Utah Jazz. The team is using the proceeds to renovate Vivint Smart Home Arena, which will reopen on September 27 after a summer of extensive upgrades. U.S. Bank initially provided […]

Capital and risk, Credit

Best OneMain Financial Personal Loans

August 31, 2017

Via: GOBankingRates

Personal loans can be a good choice for consumers who need cash to cover a major expense or pay off higher-interest debt, but getting approved for bank loans can be difficult for individuals with credit issues. For these credit-challenged consumers, […]

Capital and risk, Credit, Products, Retail banking

How ‘Hard Mark’ Credit Checks are Quietly Costing Consumers

August 24, 2017

Via: Finextra

It is not unreasonable for consumers to assume that they should be able to assess their eligibility for a loan without damaging their future prospects. The majority of lenders perform hard credit checks on customers when applying for a loan, […]