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Death of doorstep lenders leaves loan sharks lurking
The Telegraph via Yahoo Finance· 6 months agoTimes were good for Amigo Loans when it debuted on the London stock market five years ago. But the company, a poster child for the booming high-cost...
Metro Bank in talks to sell £3bn mortgage book to Barclays
The Telegraph via Yahoo Finance· 6 months agoMetro Bank is on the cusp of selling a large chunk of its home mortgage portfolio to Barclays after...
NYCB’s Apartment Loans Aren’t a Problem, Mnuchin Says. The Stock Is Up.
Barrons.com· 3 months agoSTOCK ALERT In a Thursday morning call following Wednesday’s rescue deal by former Treasury...
When Trump needs cash, a California bank and one of its top shareholders have come to the rescue
Associated Press via Yahoo Finance· 2 months agoDonald Trump left the White House facing a cash crunch and a tattered reputation after his attempts...
Who Takes The Hit From Yellow's Massive Bankruptcy? You Do
Investor's Business Daily· 10 months agoYou might be surprised who owns one of the biggest slices of Yellow's stock going into the company's...
The U.S. spent $62 billion saving airlines during the pandemic. We won’t get it back.
Semafor via Yahoo News· 1 year agoThe Facts Three years after the U.S. government rescued the country’s airlines, the bill is this:...
Former Treasury secretary leads $1B rescue for troubled NY bank
TheStreet via Yahoo Finance· 3 months agoThe last five weeks have been cruel to shareholders of New York Community Bancorp (NYCB) or, better,...
Loan Frenzy Masks Losses From Defaults: Credit Weekly
Bloomberg via Yahoo Finance· 2 days ago(Bloomberg) -- Companies sold a record volume of leveraged loans last month, taking advantage of the...
How JPMorgan turned First Republic’s nightmarish week into a dream scenario for shareholders
Fortune via Yahoo Finance· 1 year agoGood morning, We’re less than six months into 2023, and there have been three regional bank...
Credit Suisse and First Republic: Why are banks needing new bailouts?
The Independent UK via AOL· 1 year agoFears of another 2008-style banking crisis have resurfaced this week after Credit Suisse got a £45bn...