Unsecured Business Loan Information

CBR to hold unsecured loan auction for credit organizations - ITAR-TASS

MOSCOW, October 23 (Itar-Tass) - The Central Bank of Russia will hold an auction on extending unsecured loans to credit organizations at the Moscow Interbank Currency Exchange (MICEX) on Thursday, the Prime-Tass business news agency said with ...

Time to shut down City Pac - The Age

The legion of small investors stuck in City Pacific's mortgage fund should reject the swap proposal put by management, call in an administrator, put the thing under as quickly as possible and distribute whatever is left over. To allow this ...

Russia Central Bank to offer $15 bln in unsecured loans Oct. 23 - RIA Novosti

MOSCOW, October 22 (RIA Novosti) - The Central Bank of Russia will auction 400 billion rubles ($15 billion) in unsecured loans on Thursday, the bank's press service said on Wednesday. The minimum lending rate will be 8.5%. The auction will be held on ...

Premarket: Thaw, schmaw - Globe and Mail

Move over financial crisis, there's a new threat: corporate profits. Stock markets around the world were hammered on Wednesday morning as investors continued to focus on companies reporting dismal financial results and cautious forecasts. U.S. stock ...

Fed will provide loans for funds - St. Louis Post-Dispatch

The Federal Reserve will provide up to $540 billion in loans to help relieve pressure on money-market mutual funds beset by redemptions. The initiative announced Tuesday is the third government effort to aid the funds, which usually provide a key ...

Bank of America Credit-Card Unit Loses $373 Million (Update1) - Bloomberg

Oct. 21 (Bloomberg) -- Bank of America Corp. , the largest U.S. consumer bank, lost money in its credit-card unit for the first time since its January 2006 purchase of MBNA Corp. as more borrowers missed payments amid the slowing economy. Card ...

SemGroup books open - Tulsa World

SemGroup LP and its subsidiaries hold assets worth about $7.7 billion but the bankrupt Tulsa energy company has a total of $9.5 billion in liabilities, according to a massive list of property, inventory and debts filed Monday in Delaware federal ...

Banks use disruption clause on Alrosa  - Business Day South Africa

LONDON — Banks that provided an unsecured $350m, one-year syndicated loan for Russian state diamond miner Alrosa had successfully invoked a market disruption clause in response to credit market turmoil, a banking source close to the deal said ...

As bank-loan rate falls, credit eases - AZCentral.com

NEW YORK - As bank-to-bank lending rates gradually slide lower, the credit climate is looking a bit brighter, at least for stronger companies. The fear of a complete shutdown in lending is fading, but there remains a sense that when it comes to ...

AmEx profit falls as cardholders struggle - Forbes

American Express Co. said Monday its profit fell 24 percent in the third quarter as cardholders restrained their spending and had more trouble paying off debt. But the results were better than anticipated and propelled Amex's shares more than 8 ...

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