The Federal Reserve is implementing new rule especially in a bid to strengthen the global financial institutions. According to the proposal, all banks that operate in the US will be able to go down smoothly without causing too much collateral damage to the public.
Tags: Debt
Vijay Mallya's Kingfisher House Auctioned at Rs 150 Crore Base Price
Vijay Mallya's Kingfisher's House is in auction with a base price fixed at Rs 150 crore. A consortium of SBI led the auction where interest buyers will bid online. Lenders are optimistic that the said e-auction will generate huge amount to suffice the amount to pay for the loans granted to Kingfisher Airlines and other debts.
India to Infuse $3.65 Billion of Capital Into Government-Run Lenders
India is about to fund $3.56 billion of capital to govrnment-run lenders because of bad and restricted loans. Banks felt relief as the government is ready to help them when they need the capital.
Vivint Solar Shareholders Approved SunEdison Acquisition, Shares Fall After The Announcement
SunEdison Inc. acquired Vivint Solar after Vivint’s shareholders overwhelmingly approved the deal of about $1.9 billion. SunEdison, once the world’s largest renewable energy company, is now facing a financial crisis with billions of debt after massive acquisition binge and plummeting stocks.
Failing to Pay Student Loans Can Indirectly Lead Up To an Arrest
An arrest of Paul Aker, a Houston man with more than $1,500 student loan granted almost 30 years ago, received a lot of attention from the U.S citizens and media. Typically, someone can’t get arrested simply for failing to pay the student loan, but an arrest of someone with a student debt could happen under one condition when the person failed to obey a court order to show up regarding the matter.
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Payments giant First Data priced its initial public offering at $16 per share, which is the biggest for 2015 and is lower than the company's previously indicated $18 to $20 per share.
Alexis Tsipras-led Greece government has proposed stringent measures in the budget for 2016 year. The draft budget for 2016 indicated a series of tough measures to restore normalcy in the ailing Greece economy.
Suffering from weakening global commodities for the past one year, Glencore has informed its investors about its plans to reduce debt by $10billion. Towards this debt reduction target, Glencore is planning to conclude two deals by the end of this year or early of next year. The Anglo-Swiss multinational commodities major has been facing rough conditions in the market.
A loan can either bring a business to new heights or disrupt the cash flow and bring a company down to oblivion. Prominent finance gurus Dale Clarke and Ryan O'Shea shared some expert advice to Forbes.com's Garrett Gunderson.
Puerto Rico is not intending to cut principal payments to bondholders but to renegotiate debt terms, and officials are set to meet creditors on Monday at the offices of Citi, the head of the island's Government Development Bank Melba Acosta told reporters on Tuesday.
The Ukrainian government approved on Saturday the framework for Ukraine's debt restructuring operation through which it aims to generate $15.3 billion, the Finance Ministry said in a statement.
China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country's vice finance minister, Zhu Guangyao, said on Saturday.
Deposit outflows from Greece's banks rose last week to around 3 billion euros, according to JP Morgan estimates, ahead of Friday's last-minute aid extension agreement with the country's euro zone creditors.
Two Singapore oilfield service firms are finding it tough to refinance debt maturing later this year as the slump in crude prices has made investors and lenders hesitant, banking sources said.
