Assured Guaranty Ltd., the bond insurer that said negotiating with Bank of America Corp. was like “Chinese water torture,” soared in New York trading after extracting $1.1 billion to settle claims on faulty home loans.
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Category Archives: Business Loans - Page 4
BofA’s $1.6 Billion Deal Ends Assured’s ‘Chinese Water Torture’
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on April 15, 2011
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JPMorgan profit jumps 67%
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on April 13, 2011
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NEW YORK — JPMorgan Chase & Co posted a 67% increase in first-quarter earnings, topping Wall Street expectations, as it set aside less money to cover bad loans.The news was not all positive for …
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Finding Investment Firms Trading for Less Than the Value of Their Investments
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on April 11, 2011
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Screener.co submits:
An interesting strategy for trading in BDCs is to identify firms whose market capitalizations are substantially less than the mark-to-market value of the company’s investments. One of my most profitable trades was buying American Capital ( ACAS ) at the height of the financial crisis, when its shares were trading at a relatively small fraction of its Net Asset Value. While that specific company was highly leveraged and trading at a discount because it was at risk of defaulting on its loans, it is possible that there are other similar firms that are trading at less substantial discounts but also have less of a risk of loss. We can use the Screener.co stock screener to find investment firms that are trading for less than their net asset value. We can use the following conditions: Field op Criteria RBSS Classification = “Investment Trusts” Market Capitalization / Net Tangible Assets( I ) > 0 Long Term Complete Story »
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Portugal pushed to make deeper cuts in return for EU bail-out
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on April 9, 2011
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EU ministers said that in return for an estimated €80bn in emergency loans, Portugal would have to commit to further structural reforms to bring down its budget deficit and debt.
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Leviev loans remain problem for Hapoalim
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on April 7, 2011
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Lev Leviev’s private company, Memorand, owes Bank Hapoalim NIS 1.3 billion, which the bank classifies as “problem debt”.
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An Easier Way to Apply for Loans
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on April 5, 2011
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The loan application process can be daunting, what with thousands of possible lenders and stacks of forms to fill out. BoeFly.com aims to make it less onerous by letting businesses give one streamlined loan request to banks that are likely to be good matches. To get started, you fill out and submit an online form with details such as loan size and debt risk. BoeFly calculates a lender compatibility score based on the answers and provides a summary of your request to likely matches among the roughly 500 banks in its network, including PNC and U.S. Bank. Interested lenders will ask for your full application and notify you by e-mail if they would like to offer a deal. BoeFly’s service starts at $99 per loan request.
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Libya-Owned Bank Got 73 Fed Loans
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on April 1, 2011
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Arab Banking Corp., part-owned by the Central Bank of Libya, got loans from the Federal Reserve in the months after Lehman collapsed
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SBA to help with maturing commercial loans
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on March 30, 2011
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The U.S. Small Business Administration is offering a lifeline to many commercial real estate owners with maturing mortgages. Under a temporary refinancing program that will start on April 6, the SBA can refinance an eligible commercial real estate mortgage that is set to mature after Dec. 31, 2012, into an SBA-backed 504 loan. In February, the SBA initiated the program for mortgages maturing before that date. Borrowers can refinance either 90 percent of the property’s appraised value or 100 percent of the outstanding mortgage, whichever is…
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Microfinance institutions face Rs 6,500-cr bad loans in AP
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on March 28, 2011
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Microfinance institutions (MFIs), which were branded the agents of change for financial inclusion in the country, may suffer losses of around Rs 6,500 crore in Andhra Pradesh alone, Vijay Mahajan, president, Microfinance Institutions Network (MFIN), told HT in an interview.
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