Monthly Archives: June 2020

Record number of U.S. businesses seek relief on loan terms

A record number of US companies requested loan modifications in May after rising debt and falling profits left them at risk of breaching their loan terms. Last month, 43 US issuers of leveraged loans asked their lenders for relief from the conditions attached to their debts. This surpassed the previous record of 25 set in […]

SC asks banks to release sanctioned loan amount to home buyers in Amrapali projects

Residential buildings under construction at an Amrapali Group development in Noida, Uttar Pradesh (representative image) | Photo: Anindito Mukherjee | Bloomberg Text size: A- A + New Delhi: The Supreme Court on Wednesday called on banks and financial institutions to release sanctioned loan amounts for homebuyers who bought apartments in Amrapali housing projects. A bench […]

Senate Passes Coronavirus Bill Extending Small Business Loan Terms

By Richard Cowan, Andy Sullivan FILE PHOTO: The United States Capitol building is seen ahead of a vote later today on an additional economic stimulus package against coronaviruses, passed earlier in the week by the United States Senate, in Washington, United States , April 23, 2020. REUTERS / Tom Brenner WASHINGTON (Reuters) – The United […]