Banking

Lancashire Men’s Football Loan Army

WHEN the Blackburn Rovers host Preston North End in a Lancashire Championship derby on Friday, the game will be of interest to a number of area clubs and their supporters. Lending players to the Championship has long been a way for Premier League sides to empower their talented young players …

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Understanding the Upcoming Transition to ‘Hard-Wired’ LIBOR Replacement Arrangements in Bilateral Commercial Lending Documents | Arnall Golden Gregory LLP

By the end of October 2020, lenders are expected to start taking a “hard-wired” approach to replacing the benchmark interest rate for new loans with LIBOR-based interest rates. This is according to the ARRC Recommended Best Practices Update for Completing the LIBOR Transition, released on September 3, 2020 by the …

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China expands reach in Caribbean, destabilizing US

MEXICO – China offered Jamaica loans and expertise to build miles of new highways. Across the Caribbean, it donated security equipment to military and police forces, and built a network of Chinese cultural centers. And it has shipped large shipments of test kits, masks and ventilators to help governments respond …

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Securitization, the antidote to bad debts

Author: Iain Balkwill, Partner at Reed Smith LLP October 5, 2020 Without a doubt, the collateral fallout from COVID-19 will herald a new era for the global non-performing loan (NPL) market, as not only will there be an inevitable increase in NPL volumes precipitated by the impact of COVID-19 on …

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Getting away from debt vs. Filing bankruptcy

Getting out of debt, also known as default, may seem like your best option if you’re struggling to keep up with your bills. However, getting rid of your debt will not solve all of your problems; the lender can always try to sue you for the remaining amount or sell …

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Annual Free Night Credit Cards – Forbes Advisor

Most hotel and airline credit cards allow you to earn free flights and hotels by earning points. However, some credit cards offer a free hotel night each year simply because they are the card holder. Out of four major hotel brands (Marriott, Hilton, Hyatt and IHG), six credit cards are …

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Massive rescue of small businesses kicks off abruptly

Treasury Secretary Steven Mnuchin touted the early data in a series of Twitter posts. At around 2 p.m., he said more than $ 1.8 billion in loans had been processed “mostly all from community banks.” The effort appeared to be in real jeopardy earlier this week, with banks warning they …

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