Marine Bank parent to recraft debt restructuring - Milwaukee Journal Sentinel
Holders of CIB Marine Bancshares Inc. trust-preferred securities have rejected a plan under which CIB’s $98.6 million in indebtedness to them would be canceled in exchange for about $95 million of preferred stock. The new preferred stock would have a
Shinsei Forecasts 10 Billion Yen Profit After Record Loss - Bloomberg
May 13 (Bloomberg) — Shinsei Bank Ltd. , the Japanese lender backed by billionaire Christopher Flowers , expects to return to profit this year after posting a record loss on overseas investments and loans to Lehman Brothers Holdings Inc. The bank
CBA slashes dividend - Stuff
Commonwealth Bank, the parent company of ASB, is following its three major rivals by cutting its next dividend pay-out as part of a capital preserving move to help offset its rising bad debt problems. The country’s biggest lender will slash 25% from
NZ cenbank chides banks for not cutting rates - Guardian Unlimited
WELLINGTON, May 13 (Reuters) - New Zealand’s central bank is disappointed banks have not fully passed on its rate cuts to borrowers, but is not yet ready to use unconventional monetary policy measures, the deputy governor said on Wednesday. The
Business bri e f s - Arizona Daily Star
NEW YORK — Millions of Costco members could be receiving a freebie soon in the form of free memberships to the discount warehouse club. Costco members who renewed their memberships more than three weeks past the expiration date but did not receive
What To Do When Facing Debt Crisis - Best Syndication
When facing debt crisis, you need to muster strength and be smart in finding the right solution. Because anybody can be stuck in a debt crisis unexpectedly, it’s best to do be prepared. Here are practical advice on how to get out of bad debt
Advanta Corp. shuts off credit spigot - Boston Globe
Credit card company profits have suffered as the recession pushed US unemployment to 8.9 percent in April. Defaults on cards historically track the jobless rate, and analysts have been concerned that the industry’s average for bad loans would breach
Marine Bank parent to recraft debt restructuring - Milwaukee Journal Sentinel
Holders of CIB Marine Bancshares Inc. trust-preferred securities have rejected a plan under which CIB’s $98.6 million in indebtedness to them would be canceled in exchange for about $95 million of preferred stock. The new preferred stock would have a
Shinsei Forecasts 10 Billion Yen Profit After Record Loss - Bloomberg
May 13 (Bloomberg) — Shinsei Bank Ltd. , the Japanese lender backed by billionaire Christopher Flowers , expects to return to profit this year after posting a record loss on overseas investments and loans to Lehman Brothers Holdings Inc. The bank
CBA slashes dividend - Stuff
Commonwealth Bank, the parent company of ASB, is following its three major rivals by cutting its next dividend pay-out as part of a capital preserving move to help offset its rising bad debt problems. The country’s biggest lender will slash 25% from
NZ cenbank chides banks for not cutting rates - Guardian Unlimited
WELLINGTON, May 13 (Reuters) - New Zealand’s central bank is disappointed banks have not fully passed on its rate cuts to borrowers, but is not yet ready to use unconventional monetary policy measures, the deputy governor said on Wednesday. The
Business bri e f s - Arizona Daily Star
NEW YORK — Millions of Costco members could be receiving a freebie soon in the form of free memberships to the discount warehouse club. Costco members who renewed their memberships more than three weeks past the expiration date but did not receive
What To Do When Facing Debt Crisis - Best Syndication
When facing debt crisis, you need to muster strength and be smart in finding the right solution. Because anybody can be stuck in a debt crisis unexpectedly, it’s best to do be prepared. Here are practical advice on how to get out of bad debt
Advanta Corp. shuts off credit spigot - Boston Globe
Credit card company profits have suffered as the recession pushed US unemployment to 8.9 percent in April. Defaults on cards historically track the jobless rate, and analysts have been concerned that the industry’s average for bad loans would breach