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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: corporate credit

corporate credit stories: 4 news summaries
ANALYSIS

Edgy Banks Crack Down on Revolving Credit Lines

Shorter loan maturities, higher interest rates make 'safety nets' less safe for businesses

May 4, 09 9:04 AM CDT
(Newser) - Banks, lashed by the credit crunch and wary of defaults, have shortened the terms on revolving credit lines—typically running for 3 or 5 years—to less than a year, the Wall Street Journal reports. Often a little-used safety net before the recession, so-called revolvers had low interest rates; now,... More »

MORE ABOUT:
corporate credit • default • financial crisis • interest rates • business loan • credit line

Banks' Borrowing Rates Climb

Nov 16, 07 1:57 PM CST
(Newser) - Financial institutions are paying more to borrow money than the average company for the first time in over a decade, reports Bloomberg, as investors fear the $50 billion in subprime losses the big banks have reported so far is just the tip of the iceberg. “We've only seen the... More »

MORE ABOUT:
subprime mortgages • bank • corporate credit

Banks Pouring Money Into Russian Loans

Forget default: country now looks like haven from credit turmoil

Sep 12, 07 6:37 AM CDT
(Newser) - Banks around the world are clamoring to loan money to Russia, just nine years after the country paralyzed the economic world by defaulting on $40 billion in debt. These days, Russia looks like a haven from the US mortgage meltdown. Russian corporations borrowed $29 billion over the last three months,... More »

MORE ABOUT:
Russia • money • US economy • corporate credit • credit market

Battered Bear Tries to Act Bullish

Wall Street's anxieties force Bear Stearns to make major changes

Aug 4, 07 2:06 PM CDT
(Newser) - The securities firm Bear Stearns will oust its stocks and bonds trading chief, the WSJ reports, and soften its emphasis on short-term trades. The extraordinary moves come in the wake of Friday's market sell-off, partly triggered by investor concern about Bear Stearns after the collapse of two of its mortgage-bond... More »

MORE ABOUT:
Wall Street • housing market • subprime mortgages • Bear Stearns • loans • hedge fund • Lehman Brothers • bonds • corporate credit • Warren Spector

4 Stories


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