Company_News Information

The FINANCIAL - Bank of America Business Capital Provides $50 Million Asset-Based Loan to Agilysys

The FINANCIAL, Georgia
The asset-based loan provides flexibility to fund a variety of investments including, but not limited to, working capital, capital expenditures and acquisitions. Bank of America is also providing Agilysys with letters of credit as well as treasury management products and services.   “The new credit agreement enhances ...

PRESS DIGEST - New York Times business news - April 2

... networking site. * The credit card company MasterCard Inc has settled an antitrust case by agreeing to reduce fees that raise costs for retailers, European Union regulators said Wednesday. * Thornburg Mortgage Inc, the jumbo-mortgage ...

More mortgage meltdown misery

Option ARM [adjustable rate mortgage] loans, a form of Alt-A loans, were sold primarily to prime and near-prime borrowers between 2004 and 2007. Based on borrowers’ safer credit scores, many loans involved little or no documentation and low ...

Why this will not be a normal cyclical recovery

But, within two years, concerns over budget deficits and inflation may revive, compelling the Federal Reserve to raise interest rates and Congress to adopt deficit reduction steps. These actions, contractionary by definition, could occur before a ...

Dubai raises $635m to refinance debt

The Dubai government raised a $635m Islamic loan on Sunday to help retire $1bn in civil aviation authority debt maturing later this month. The loan should help assuage international investor concerns about the Gulf commercial hub’s ability to ...

The London summit has not fixed the crisis

Money market interest rates are close to zero almost everywhere – and that includes the eurozone. We are now all moving towards what the Federal Reserve calls credit easing, a policy designed to alleviate bottlenecks in specific pockets of the ...

Money supply tops Bank of England’s agenda

Mortgage approvals were at their highest since May 2008. In the Credit Conditions Survey, the percentage of lenders prepared to increase lending for mortgages and corporate borrowers was at its highest since the second quarter of 2007, just before ...

Shenzhen property market bottoms out - Centaline

By Michael Wei BEIJING, April 2 (Reuters) - Property agency Centaline said on Thursday the housing market in Shenzhen, a booming town in south China, has rebounded since the start of this year, and predicted prices will stabilise from now on ...

Bradford & Bingley considers asset sale

Some of its existing borrowers have high loan-to-value ratios or hold buy-to-let mortgages and so cannot refinance easily with other mortgage lenders. B&B, which was nationalised last September, says that without any asset sales, its £41.9bn ...

B&B struggles with loan book

Publishing its 10-year business plan, B&B said it recognised that its loan book might be slow to run down because some existing borrowers have high loan-to-value ratios or hold buy-to-let mortgages and so cannot refinance easily with other mortgage ...

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