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Currency Derivatives, FSB Plan, Sanofi Probe: Compliance

Members and staff of the US Commodity Futures Trading Commission are weighing whether to require that contracts for non-deliverable forwards be guaranteed at clearinghouses that accept collateral from buyers and sellers. The regulation would apply the clearing rule to contracts for a dozen currencies, including China’s yuan, South Korea’s won and Brazil’s real. The CFTC’s […]

Sector Update: Financial

In company news, RCS Capital ( RCAP ) was higher Wednesday after the wholesale broker-dealer agreed to purchase Cole Capital from American Realty Capital Properties ( ARCP ) through a series of transactions over the next seven months totaling at least $700 million. RCAP shares were ahead more than 7% at $24.14 apiece, earlier climbing […]

Unsecured loan, missing CEO add red flags to China lending

Nomura Holdings and co-lenders spent nine months poring over the books, sizing up management and even checking out the factory floor at Chinas Ultrasonic AG before deciding in August to give the Frankfurt-listed shoemaker a $60 million unsecured credit facility. The loan was unsecured in keeping with regulations in China at the time it was […]

Students should establish credit (responsibly) now

Somewhere between orientation and graduation, college students should become aware of their credit history and begin to establish a good credit score, a move which could save them a lot of money down the same road that leads to their new house. “The better your credit score is, the lower your interest rates are going […]

Finance Companies Account for a Decreasing Share of Small Business Credit

Bank lending to small businesses has been on a long term decline, with number of loans of less than $1 million – a common proxy for small business lending – falling from 51 percent of the number of commercial and industrial loans in 1998 to 25 percent in 2014, data from the Federal Deposit Insurance […]

Net Access Expands U.S. Bank Secured Credit Facility by $9MM

Net Access expanded its senior secured credit facility with US Bank National Association by an additional $9 million which includes a $5 million increase to their revolving line of credit. The company will use a portion of the facility to refinance an existing $5 million of mezzanine debt, while also providing the company increased flexibility […]

How Can I Build My Credit from No Credit?

How Can I Build My Credit from No Credit? If youve never had a loan or credit card, your credit history is likely blank. To begin building your credit, you need to open a line of credit and make on time payments. Your credit history is used to determine how credit worthy you are. The […]

Lew Says G-7 Agreement Against Currency Wars Remains Intact

News Top Headlines Most Popular Exclusive Law Entrepreneurs Leaders Economy Environment Science Sports Markets Magazine Pursuits Magazine Bloomberg Visual Data Bloomberg Best (and Worst) For comments or complaints about news coverage click here Regions US China Europe Asia UK amp; Ireland Australia amp; New Zealand Canada India amp; Pakistan Japan Africa Eastern Europe Latin America […]

Improving credit slowly but surely in the Wyoming Valley

PITTSTON Many recession-stung consumers are rebuilding their credit history and becoming more savvy about financial decisions, Pittston-based Consumer Credit Counseling educator director Terry Stocki said. And she hopes this trend continues. We have seen quite a few people, who had problems during the recession, getting back on their feet, said Marlene Sheridan, vice president of […]

Credit bureau scene could do with more competition

Credit bureaus, which compile data on borrowers to determine if they are creditworthy, have been in the news lately with a new licensing scheme proposed by the Monetary Authority of Singapore (MAS). The countrys financial regulator unveiled plans in August to introduce a Credit Bureau Act, to strengthen oversight of such agencies. In theory, the […]

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