People are resorting to credit cards and unsecured personal loans to cope with the bite of high inflation, new data shows — all while borrowing costs rise and the U.S. Read more
Tag: Financing Agreements
Huntington Bancshares takes long view as other banks scramble on mortgages, auto loans and lower deposits
Huntington Bancshares Corp. stock rallied Friday as the financial-services company raised its outlook for net interest income above Wall Street estimates while acknowledging the economic headwinds that have been challenging Read more
Ally Financial cuts view as it prepares for more auto loans that won’t be repaid
Ally Financial Inc. ALLY, -8.64% on Wednesday missed its third-quarter earnings and revenue targets and issued a weaker-than-expected profit outlook for the coming quarter, as the consumer lender marked down Read more
Business groups sue CFPB over anti-discrimination banking guidelines
WASHINGTON—Business groups sued the Consumer Financial Protection Bureau over a recent move by the agency to combat potential discrimination in banking services, as legal battles between industry and Biden administration regulators are Read more
Democratic lawmaker calls for expanded forgiveness of PPP loans, decrying the pain felt by ‘our smallest of small businesses’
A Democratic congresswoman is urging the Small Business Administration to forgive Paycheck Protection Program loans that did not convert into grants due to accidental errors on loan amounts made by Read more
Exaggerations, overvaluations and out-and-out lies: the 6 most egregious examples of Donald Trump’s alleged inflation of his wealth
Donald Trump and his family, and the family business, egregiously misstated the value of their assets to get more favorable loan terms, allegedly through blatant accounting falsehoods, exaggerations and outright Read more
Ralph Lauren looks to boost profit margins after years of restructuring
Ralph Lauren Corp. aims to buy back more stock and boost its profit margins as it benefits from strong consumer demand after years of restructuring. The New York-based luxury retailer on Monday Read more
Need a car loan? They’re getting tougher to get
It’s getting harder to qualify for a car loan. Lending tightened in August for the fourth straight month. The Dealertrack Credit Availability Index tracks data from car loan applications to Read more
Snap still a ‘zombie’ stock even after restructuring, warns New Constructs
Snap’s recently announced restructuring effort sparked a rally in the company’s shares. But the Snapchat parent is still a “zombie stock” as far as independent equity research firm New Constructs Read more
Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured
A $600 million debt deal arranged for beleaguered business communication company Avaya Holdings Corp. quickly went bad, according to The Wall Street Journal. The WSJ reported Tuesday that Goldman Sachs Read more
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