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The U.S. government's $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection of funds to big corporations. Now, it is lurching toward another hurdle: forgiving those hastily arranged loans......»»

CWT International Ltd, a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral......»»

LONDON (Reuters) - Shire , the $47 billion rare disease drugmaker being stalked by Japan's Takeda Pharmaceutical , faces fresh criticism over its executive pay policy from a leading investor advisory group as a crunch week approaches......»»

Wells Fargo Says It Faces a $1 Billion Fine Over Its Loan Scandals.....»»

(Reuters) - Two U.S. regulators have proposed Wells Fargo & Co pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results......»»

(Reuters) - Wells Fargo & Co has been offered a penalty of $1 billion by regulators to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by assets said on Friday......»»

Regulators have offered Wells Fargo & Co a penalty of $1 billion to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by assets said in its first quarter results on Friday......»»

(Reuters) - Regulators have offered Wells Fargo & Co a penalty of $1 billion to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by assets said in its first quarter results on Friday......»»

The Japanese government, which is providing a Rs 880 billion loan for the Rs 1.1 trillion project, has flagged concerns.....»»

Santander paid $1.1 billion for a 20% stake in a joint venture with the FDIC......»»

Albertsons Companies Inc (NYSE:ACI) reported fourth-quarter FY23 sales growth of 0.4% year-on-year to $18.34 billion, missing the anal.....»»

Loans are often transferred to special servicing by lenders after a "transfer event," like a default. But borrowers are increasingly requesting transfers in order to open the door for negotiations with their lenders......»»

PNC Financial Services Group Inc (NYSE:PNC) shares are trading lower after it reported first-quarter FY24 results. The bank reported a revenue decline of 8% Y/Y to $5.15 billion, missing the consensus of $5.19 billion. Revenue d.....»»

M&T Bank Corporation (NYSE:MTB) shares are trading higher after it reported first-quarter FY24 results. Revenue of $2.260 billion, slightly missing the consensus of $2.263 billion. Net interest income expres.....»»

Vingroup's VinFast faces financial risks as it expands globally, grappling with a $5.7 billion loss over three years. read more.....»»

Student-loan borrowers on the SAVE plan, .....»»

7 More States Sue To Block 'Most Generous Ever' Student Loan Program Authored by Bill Pan via The Epoch Times (emphasis ours), President Joe Biden faces a fresh lawsuit from a seven-state coalition challe.....»»

Loan Portfolio of $1.28 billion, up 10%Net Charge-Off Rate of 9.1%, down from 13.2%Adjusted Quarterly Net Income of $36.7 million, up 67%Adjusted Quarterly Diluted Earnings per Share of $2.34, u.....»»

A bank based in Berks County with just $18 billion in assets churned out more PPP loans than Chase, Wells Fargo or Bank of America......»»

The buyer's worldwide portfolio is valued at $13.5 billion......»»