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Billionaire Zaleski looks to refinance debts - Financial TimesRomain Zaleski, the Franco-Polish financier whose portfolio of Italian banking shares has plummeted in value in recent months, is in talks with Italian banks about refinancing part of his €5.5bn debts as he struggles to weather the fall-out from ...
Loan week, November 14-20 - Finance AsiaAustralia Optus Finance 's A$725 million three-and-a-half-year revolver was sealed on November 14 via ANZ, Bank of Tokyo-Mitsubishi UFJ, Citi, Commonwealth Bank of Australia and Westpac. Proceeds are to refinance an existing debt facility and for ...
PM in vow to entrepreneur - Leicester MercuryThe Prime Minister has promised to investigate the case of an award-winning entrepreneur who blames her bank for forcing her to the brink of bankruptcy. When the credit crunch hit, Bernie Taylor, who runs the Mulberry Pub Company, in Melton, turned ...
Stakes raised for Air France and Alitalia - Financial TimesKarl Marx once wrote that history repeats itself first as tragedy, the second time as farce. Arguably a farce is exactly what is being played out as airlines in France and Italy face the latest aviation crisis. No one should forget that on the day ...
Offshore retreat a boon for Big Four - The AgeA RETREAT of foreign banks from the Australian corporate lending market is under way, which will leave the Big Four domestic institutions scrambling to pick up the slack in a mass refinancing of company debt due to happen over the next year. The ...
Bookmakers put on spurt as Greeks make challenge - Times OnlineLadbrokes and William Hill, Britain’s biggest bookies, both jumped against a falling market on talk that Opap, the partly state-owned Greek gaming company, was about to move in on their turf with a bid. Opap, the largest gaming company in Europe ...
Independent HBOS fight 'gaining pace' - Scotsmanthey had admitted defeat in the attempt to find an alternative bidder for the bank, and they accused the UK government of undermining their efforts. But Sir Peter, who is campaigning to stop the Lloyds move alongside former Royal Bank of Scotland ...
Billionaire Merckle Family Said to Make Guarantees to Save VEM - BloombergNov. 19 (Bloomberg) -- Germany’s billionaire Merckle family, stung by losses on Volkswagen AG shares, made personal guarantees for the first time that may save an investment unit from insolvency and eliminate risks for other holdings, three people ...
AIB aims to issue bonds after new triple A rating - IndependentThe group is expected by market sources to issue a €1bn to €2bn bond as early as next week. Leon Neal/AFP/Getty Images ALLIED Irish Banks is poised to become the first Irish lender to issue bonds in the global debt markets following the €450bn ...
Enterprise Inns hit by debt finance fears - Daily TelegraphAnalysts thought some income funds were selling out of Enterprise yesterday after broker JPMorgan argued the company should scrap future dividend payments to accelerate debt repayments - a move that could take the company out of the "distress ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
View all Terms