Banks (Finance)
As Dubai World, the state's holding company, shocked creditors by asking to halt debt repayments, European banks are scrambling to quantify potential losses. Despite claims by lenders such as Deutsche Bank, Credit Suisse, Citigroup and Barclays that their exposure to Dubai World is limited or insignificant, industry analysts
Banks (Finance)
Tanzania has started negotiating with the Bank of China to help develop a credit line for farmers, aiming to boost the country's agriculture production in the face of the economic crisis. The government, led by Deputy Finance Minister Omar Yussuf Mzee, is committed to helping mitigate the crisis
Banks (Finance)
German banking group KfW has concluded an agreement with eight Russian banks to provide $118 million in loans to finance lending to small and medium enterprises (SMEs). The agreement follows a deal signed by KfW and Vnesheconombank (VEB) in February 2009, providing for a total of 200 million euros in
Banks (Finance)
Georgian banks are responding to market demands by renovating mortgage loan terms, aiming to provide more competitive products to clients. HSBC Bank Georgia and Bank of Georgia, two of the leading banks in the country, are revamping their mortgage loan offerings. HSBC is set to re-launch its mortgage product within
Banks (Finance)
A preliminary ruling by the EU statistics agency, Eurostat, that purchases of bank loans by the National Assets Management Agency (NAMA) will not be counted on the official government debt figure, has largely staved off further credit rating downgrades for Ireland. This decision, validated by leading European analyst Ciaran O&
Banks (Finance)
Chief minister BS Yeddyurappa has enlisted the help of bankers to support flood victims in northern Karnataka by conducting loan melas to provide funds for rebuilding houses and starting new businesses. The banks have agreed to offer low-interest loans and defer pending loan recoveries for a year in the affected
Banks (Finance)
South Korea's banks have witnessed a decline in home-backed loans for the first time in over two years, primarily due to the central bank's strict regulations on mortgage lending. The Bank of Korea (BOK) reported that outstanding bank home loans decreased by 418.4 billion won
Banks (Finance)
Air India is engaged in negotiations with state-run banks to secure working capital loans at low interest rates. The airline aims to borrow between Rs 1,500-2,000 crore to facilitate its day-to-day operations, as it already has a significant working capital debt of over Rs 16,000 crore and
Banks (Finance)
The failure of Corus Bank, which had financed nearly a dozen Atlanta condo projects, has left developers and investors uncertain about the future of their construction loans. Corus, which was shut down by regulators due to significant losses caused by the real estate bust, had invested over $600 million in
Banks (Finance)
The leveraged loan market has seen a significant surge in activity this week, with a number of major deals launching, including a $500 million exit loan for SemGroup, which filed for bankruptcy protection in 2008 after losing billions in energy-related trades. Bank of America has also launched a $355 million
Banks (Finance)
Despite government calls to provide much-needed liquidity to struggling small and medium enterprises (SMEs), South Korean banks have shown reluctance to increase loans to these firms. Instead, they are opting to expand home-backed loans, which have maintained an upward trend as banks seek to minimize risks and capitalize on rising
Banks (Finance)
DreamWorks Studios, led by Steven Spielberg and Stacey Snider, has completed financing arrangements to resume making movies, according to a statement released on Monday. The deal provides DreamWorks Studios with $875 million, with a $325 million equity commitment from Reliance Big Entertainment and an additional $325 million in funding from
