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    News and Articles on Collateral

    Archives: Collateral

    European Union Calls for Clearinghouses for Over-The-Counter Derivatives  Jul 4, 2009
    Standardization could be achieved by encouraging broader use of standard contracts and electronic affirmation and confirmation services, central storage, automation of payments and collateral management processes, the commission said. Thousands of Products. (Bloomberg -- Europe)

    GOP's Unlucky Class of '94  Jul 3, 2009
    Democrats, some of whom privately referred to the mid-1990s rumors of infidelity and marital discord as Fornigate, view the collateral family damage as the height of hypocrisy. They all came to town on this great family values train with Newt Gingrich as the engineer, recalled former Rep. (CBS News -- Politics)

    Hong Kong Banks Must Bear Losses on Lehman Minibonds, Investor Group Says  Jul 3, 2009
    If you do the math, the notes collateral is probably worth about 60 to 70 percent right now. . (Bloomberg -- Asia)

    Click to read:Push In S. Afghanistan Sends a Message  Jul 3, 2009
    I think the term "Collateral Damage" when referring to innocent women and children bombed to smithereens is equally as insulting to humanity. by ajjaxtheleast July 2, 2009 11:26 PM PDT. (CBS News)

    Helpful Credit Card Debt Reduction ...  Jul 3, 2009
    Whilst credit card debt can be negotiated through a debt solution, a debt consolidation loan that is secured on the family home provides creditors with collateral in the event of default. Filing for Bankruptcy to Clear Credit Card Debt. (Suite101.com)

    Hecker's finances detailed in court filing  Jul 3, 2009
    Those are gross claims prior to the value of collateral being deducted. Hecker s largest secured creditor is Farmington, Mich. (Twin Cities Business Journal, MN)

    Asheville-Based Web Design Firm Launches New Web Site for National Organization  Jul 3, 2009
    With this holistic approach, printed marketing collateral, press releases, advertising, and sales campaigns are designed to complement online marketing efforts ... marketing collateral. (Yahoo News -- Press Releases)

    Convoy Financial Group Selects Varicent for Incentive Compensation and Sales Performance Management  Jul 2, 2009
    With the establishment of the subsidiaries including Convoy Financial Services Limited, Convoy Assent Management Limited, Convoy Collateral Limited and Convoy Investment Services Limited, The Group provides diversified services encompassing financial planning services, risk management, asset allocation, retirement planning, estate planning, and trading services for securities. Convoy has set the benchmark as the most sizable professional IFA team in Hong Kong. (PR Newswire)

    Make loan program lender-friendly  Jul 2, 2009
    And most importantly, SBA must allow the banks to either sell the loans in the secondary market or pledge the guaranteed loan as collateral so that the lenders can raise capital to make more loans. Unless SBA makes these modifications, lenders say they will reserve ARC loans only for their best clients and leave others to fend for themselves. (Atlanta Journal-Constitution -- Opinion)

    Sony F23 Cameras Recreate History in 'Public Enemies,' From Acclaimed Filmmaker Michael Mann  Jul 2, 2009
    Carroll and Mann also used Sony professional HD cameras on previous collaborations, including "Collateral" and "Miami Vice.". "We're extremely proud of our technology relationship with Bryan and Michael," said Rob Willox, director of Sony Electronics' content creation group. (Yahoo! Wire -- Entertainment News)

    Schumer wants a do-over on Feds' draft statement  Jul 2, 2009
    Perhaps the biggest economic factor, he said, is the collateral damage to local businesses that will have to compete with Cayuga-owned stores that don't have to charge state taxes. Schumer also noted the land would not be under state environmental and zoning laws, thus potentially putting the local watershed and infrastructure under greater stress. (Auburn Citizen, NY)

    Troops give cash to Afghan victims  Jul 2, 2009
    "The scheme is an acknowledgment that, in many areas in which the ADF operates, the expectation of financial compensation for collateral damage to property, injury, or loss of life is often a common aspect of local cultures," she said. "Respect for, and recognition of, such customs is vital for building relationships with these communities, which in turn enhances the safety and security of our deployed ADF personnel.". (Sydney Morning Herald -- Australia)

    Jacksons finances far from settled  Jul 2, 2009
    Jackson had used his Sony/ATV stake as collateral, raising the possibility that an outsider might pick up his right to select half of the Sony/ATV board and veto major strategic decisions. When someone has first refusal, other bidders dont stretch, says Boston Consulting Groups John Rose. (The Clarion-Ledger)

    Unwinding AIG Prompts Pasciucco to Ponder Trades Risking Systemic Failure  Jul 2, 2009
    The downgrade forced the firm to hand over billions of dollars in collateral to its trading partners ... 5 billion in collateral and other payments from late 2007 through 2008; New York-based received $14 billion; Frankfurt-based , $8 ... The most volatile of those assets were collateralized-debt obligations, or CDOs, which are agglomerations of subprime mortgages and other debt that are divided up and sliced into tranches, each of which has a different risk and income stream. (Bloomberg)

    China boosts gas importsfrom Turkmenistan  Jul 2, 2009
    It could become reality if China becomes a second-to-none export destination for Turkmen gas and continues to generate collateral projects in the country. From Turkmenistan's perspective as a gas-exporting country, "security of demand" looks clearly more promising in China compared with Russia. (Asia Times Online)

    Jobless opt for entrepreneurship over job hunting  Jul 1, 2009
    To get a small-business loan like Green Group Studio, Kramer said, entrepreneurs need good personal credit, collateral such as equity in their home and the ability to put some personal money into the company. Most important, he said, would-be entrepreneurs need to be realistic with financial projections. (Fresno Bee -- Business)

    Michael Jackson's Will Could Emerge Within Days  Jul 1, 2009
    " McMillan was instrumental in helping of the singer's children on Monday, but it is unclear if the 2002 will makes any clear custody provisions for their care. On Monday, CNN reported that Joseph and Katherine had filed petitions to administrate Jackson's estate. Longtime lawyer John Branca reportedly told that he'd worked with Jackson recently and that the singer signed a will that he intends to file within 30 days. According to the Journal, the 2002 will names veteran music-biz attorney... (VHI.com -- Music News)

    Newsweek: Why Obama's 'reforms' won't prevent crises  Jul 1, 2009
    The term comes from "repurchase agreements" short-term loans (usually overnight) that require the borrower to pledge collateral (usually bonds) in return for cash; the collateral is then "repurchased" by repayment of the loan. No one knows the size of the repo market; Gorton thinks perhaps $10 trillion at any moment. (MSNBC -- Politics)

    Simple steps help conserve water  Jul 1, 2009
    So they will have to do what those large Phoenix landowners did more than a century ago: They made a non-negotiable plan for the future of our water supply, they partnered with the federal government for regulatory and financial support, and they made their own huge commitment by offering land as collateral. That commitment resulted in the Theodore Roosevelt Dam, and from there six reservoirs on the Salt River and Verde River. (AZCentral -- Home)

    Porsche says request for state aid rejected  Jul 1, 2009
    43 billion), with VW shares offered as collateral. "Porsche has always made clear that what we are talking about here is a loan for its operations that will not burden the German taxpayer," it said. (Sydney Morning Herald -- Business)

    Investor Report: Carryback Mortgage Notes  Jul 1, 2009
    That way, you can check out the underlying real estate, and drive by to see what the collateral looks like. Stick with first lien notes that have substantial equity cushions so you can't lose your shirt if you've got to pull the plug and go to foreclosure. (RealtyTimes)

    It's Like eBay Meets Match.com  Jul 1, 2009
    Loan officers burdened by institutional rules on borrower collateral or credit history may not have the discretion to act on such information. Yet there are equally compelling weaknesses to the personal banking model. (Slate)

    UAL bond pricing shows liquidity stress: analysts  Jun 30, 2009
    "The transaction was oversubscribed with terms that reflect the transaction structure, the nature of the collateral used and the tight credit market," said UAL spokesperson Jean Medina, in Chicago ... "The history of aircraft parts collateral in bankruptcy has been spotty," and bondholders in a past case involving the now-defunct TWA airline were wiped out when a bankruptcy judge did not want to deal with commingled inventory, the analysts said ... "Given the inherent limitations of spare parts... (Crain's Chicago Business)

    1979 Madoff-Like Scheme Bilked SoCal Residents  Jun 30, 2009
    Although a bank manager cautioned against it, Jacques put his house up as collateral. "You know he told me, he says, 'I wouldn't do this, Jacques. It doesn't look good.' But I was young and foolish and said, 'nah I'm going to go for it,'" Peeters said. (TheSanDiegoChannel.com, CA)

    Users fume as banks lean on credit card income  Jun 30, 2009
    Card lending is unsecured, meaning the bank doesn't have any collateral to claim when loans go bad. "The industry is taking massive losses on consumer credit across the board," Kenneth Lewis, the chief executive of Bank of America, recently said. (Business Report, South Africa)

    Battle to control Jackson's fortune begins  Jun 30, 2009
    Jackson used those assets as collateral to secure $200 million in loans from Bank of America in 2001. He then refinanced several times. (The Star Online, Malaysia)

    Why lenders demand title insurance  Jun 30, 2009
    If the condo unit had any real equity, you might be able to get a new HELOC using the condo as collateral. But unfortunately, it does not. (San Francisco Chronicle -- Business)

    Read the 'Cost of Freedom' recap  Jun 30, 2009
    You know, that's basically a big part of the collateral that he used. I think he sold part of it to Sony, but probably worth in the billions now. (Fox News)

    Derivatives hokum  Jun 30, 2009
    Then, to show you that Mr Dodd, the bank or the Federal Reserve don't have an exclusive on economic illiteracy, the article quoted Mark Halverson, "a staff director for Senate Agriculture Committee Chairman Tom Harkin", as saying that "One of the key underlying problems in the whole lead-up to the meltdown was too much leverage, too little capital or too little collateral." Hmmm ... The fact is that Mr Halverson is being merely redundant when he says there was too little capital, as distinct... (Asia Times Online)

    AIG Warns of `Material Adverse Effect' Should European Swap Values Decline  Jun 30, 2009
    Collateral payments tied to mortgage-linked swaps drained AIGs last year, forcing the firm to seek a U.S. rescue. Given the size of the credit exposure, a decline in the fair value of this portfolio could have a material adverse effect on AIGs consolidated results, the company said. (Bloomberg)

    JACKSON'S ESTATE:  It could take decades to sort it all out  Jun 29, 2009
    Jackson used the catalog as collateral against assorted loans, with $300 million in debt to Barclays Bank alone. "The big question is how the publishing rights, particularly The Beatles, are going to be valued in such a difficult market for music," says Alan Light, former editor of music industry magazines Spin and Vibe. (USA Today -- Life)

    A Taylor Daily Press editorial  Jun 28, 2009
    We are not the ones hiding among civilians and inviting so much collateral damage. It is truly a no-win situation for our military, but when all is said and done we are there to win a war and war is an ugly thing. (Taylor Daily Press, TX)

    What Happened to Michael Jackson's Millions?  Jun 27, 2009
    Duff investments and a divorce settlement with Lisa Marie Presley helped push Jackson to increasingly use his earnings from music as collateral for loans, first from Bank of America (BoA), before Fortress Investment Group, a specialist in distressed debt, took the loans off BoA's hands. By the mid-2000s, Jackson was believed to be $270 million in debt. (Time.com)

    Quelle Loan Decision Delayed Awaiting More Information, Government Says  Jun 27, 2009
    June 26 (Bloomberg) -- German officials delayed a decision on providing aid to Quelle AG because its unclear whether the mail-order unit of insolvent retailer has enough collateral, government spokesmen said ... It was clear that information on collateral was insufficient for a positive decision ... Should the KfW extend a loan, it has to be assured that it is the creditor with the first call on the collateral. (Bloomberg -- Germany)

    DAX Index Declines, Poised for Third Weekly Drop, as K+S, Allianz Retreat  Jun 27, 2009
    German officials delayed a decision on providing aid to Quelle AG because its unclear whether the mail-order unit of insolvent retailer Arcandor has enough collateral, government spokesmen said. (ETG GY) jumped 8. (Bloomberg -- Germany)

    Bank confident of Liverpool's financial wellbeing  Jun 27, 2009
    But Lowry responded: "We took great care when making our original loan in early 2007 and when refinancing it last January to distinguish between obligations of the club ... and obligations of its parent company, the latter being secured by personal guarantees and collateral from the owners and a pledge of the shares they own in the club.". Hicks is still searching for new investors to help fund a 60,000-seat stadium to replace Anfield and is confident of completing a deal by the end of 2009. (The Star Online, Malaysia)

    Banks Reap Record $9.8 Billion Trading Derivatives in Quarter, U.S. Says  Jun 27, 2009
    Bets on mortgage-linked securities using credit derivatives brought insurer American International Group Inc. to the brink of bankruptcy when the value of the contracts plunged and it couldnt meet collateral calls. The Obama plan calls for the most-common types of derivatives to be moved through clearinghouses designed to contain the risks of a bank default, following the September bankruptcy filing by Lehman Brothers Holdings Inc., among the largest derivatives dealers. (Bloomberg -- US)

    Mixed messages led to Skylight controversy  Jun 27, 2009
    Over the past four years, the Skylight had balanced its budget on borrowed funds using the Broadway Theatre Center, assessed by the city of Milwaukee at $585,000, as collateral for a $700,000 line of credit. Meanwhile, the value of the company's endowment fell by $700,000 because of the stock market turmoil over the past year. (Milwaukee Business Journal, WI)

    Kurtz hopes Windber Research Institute will be his last stop  Jun 27, 2009
    A partner with Pivotal Technology Group in Johnstown, Kurtz was named the new president and CEO of Windber Research Institute. The institute and Windber Medical Center were clients of his in his previous job, along with the U.S. Department of Veterans Affairs and the Pennsylvania Senate. (Somerset Daily American, PA)

    Berkeley Founder Pidgley, Who Called Two U.K. Housing Crashes, Steps Aside  Jun 27, 2009
    73 percent as international lenders have sold shares pledged as collateral for loans after regulators froze billionaire owner s personal bank accounts. The British and Saudi businesses have co-funded developments in southeast England since the 1990s, and they deepened ties in 2007 with plans to invest as much as 1 billion pounds in residential and commercial property. (Bloomberg -- UK)

    YRC wants to modify labor agreement  Jun 26, 2009
    YRC also has been negotiating with union pension funds to defer payments using company real estate as collateral a move its lenders allowed with the largest pension fund to defer $83 million in payments. YRC, which has about 49,000 employees, also has been selling property and laying off workers to maintain liquidity. (Memphis Business Journal, TN)

    The Citizen's Cinema  Jun 26, 2009
    TheCitizensCinema wrote on May 4, 2009 8:51 PM:" "Caprica" - like the Sci Fi series from which it spun off, "Battlestar Galactica" - begins as a movie. Set 50 years prior to "Galactica's" human holocaust at the hands of the Cylon robot race, "Caprica" documents how the Cylons were created. Whereas "Galactica" was an ensemble drama, "Caprica" is structured as a family drama. Its straight-to-DVD pilot, released in late April, centers on the conflict between Joseph Adama (Esai Morales), father of... (Auburn Citizen, NY)

    Michael Jackson died awash in $400 mn debt  Jun 26, 2009
    Michael Jackson lived like king but died awash in $400 mn debt- Entertainment-Media / Entertainment -News By Industry-News-The Economic Times. Michael Jackson lived like king but died awash in $400 mn debt26 Jun 2009, 1105 hrs IST, AGENCIES. (India Times)

    Inflation the real threat to sustained recovery  Jun 26, 2009
    Such prices largely determine the amount of equity in homes the ultimate collateral for the $11,000bn of US home mortgage debt, a significant share of which is held in the form of asset-backed securities outside the US. Prices are currently being suppressed by a large overhang of vacant houses for sale. Owing to the recent sharp drop in house completions, this overhang is being liquidated in earnest, suggesting prices could start to stabilise in the next several months although they... (FT.com -- Markets)

    Contract award may end dispute with EBS  Jun 25, 2009
    The second, filed earlier this month, was to seize all of Protein Sciences assets as collateral for the $10 million loan, for which Emergent said in a filing it had given two extensions for repayment, one in January and the other at the end of May. I m hopeful that this [HHS contract] will enable PSC to pay us back, said Daniel Abdun-Nabi, president of Emergent (NYSE: EBS). (Washington Business Journal, DC)

    Feud Shaking Turkey Pits Erdogan Against Press Baron Buying Ink by Barrel  Jun 25, 2009
    The Finance Ministry rejected Dogan Yayins first two offers of collateral against the fine and froze the companys bank accounts before accepting as surety some of the conglomerates real estate holdings and a stake in its television business ... Its collateral remains frozen. (Bloomberg)

    Small Businesses Weather Economic Storm with ARC  Jun 25, 2009
    Banks don't want to take a risk on loaning money to a business that has seen sales drop and collateral disappear. But the ARC loan eliminates risk to the bank -- the SBA pays the bank interest at a market rate. (WCAX.com, VT)

    50,000-dollar insult!  Jun 25, 2009
    We cannot be bamboozled to accept this as a loan because the taxpayer stands as collateral in this issue. What is the guarantee that all of them will complete the four year term (these days there are lot of surprise deaths). (Ghana Web, Ghana)

    FirstPlus Financial Group, Inc. Launches Chapter 11 Case To Enhance Liquidity While It Reorganizes  Jun 25, 2009
    The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of these risks and uncertainties, including, without limitation, (1) the impact of today's announcement on the Company's business plans; (2) the ability of the Company to fund and execute its business plans; (3) the ability of the Company to continue as a going concern; (4) the ability of the Company to obtain approval of and operate pursuant to the agreement with its secured... (PR Newswire)

    YRC Worldwide to Begin Discussions with Teamsters to Seek Modifications to Labor Contract  Jun 25, 2009
    YRC Worldwide recently announced an agreement with Central States, Southeast and Southwest Areas Pension Fund ("Central States"), the largest of the company's IBT multi-employer defined benefit pension funds, to provide certain of the company's real estate as collateral in lieu of pension contribution payments during the second quarter. The company also announced an amendment to its bank agreement, which provides for the immediate release of escrow funds generated from the company's prior real... (PR Newswire)

    Lithuania—2009 Article IV Consultation: Concluding Statement  Jun 24, 2009
    The BoL also expanded the list of collateral eligible for use at its liquidity window and improved associated valuation procedures. These policies could be complemented by some additional steps including accelerated loan loss provisioning, timely bank recapitalization, full semi-annual audits, and preemptive increases in capital based on enhanced stress tests exercises. (IMF News)

    Calling AIG?  Jun 24, 2009
    Internal Docs Reveal Company Silent About Dozens Of Collateral Calls ... According to one internal by late November 2007, the insurance giant had received at least 84 collateral calls totaling more than $4 billion, including 38 calls alone from investment giant Goldman Sachs worth $3 billion ... According to an obtained exclusively by CBS News , on November 27, 00004000 2007, the former head of AIGs Financial Products (AIGFP) unit, Joseph Cassano, forwarded to his boss a note written by... (CBS News -- Evening News)

    The War Against The War On Drugs  Jun 24, 2009
    Legalize drugs and destroy the networks that recruit otherwise law abiding citizens into collateral crimes, ID theft and other criminal activity. These citizens will become allies of America and will not dwell in shadowy areas where our more dangerous enemies may hide. (CBS News)

    Government Bonds Gain as Falling Exports, Service Prices Boost Debt Demand  Jun 24, 2009
    It is also providing unlimited loans to commercial banks with sufficient collateral. The programs expire on Sept. 30. (Bloomberg -- Japan)

    NOVEMBER: Meatpacker in immigration raid files for bankruptcy  Jun 24, 2009
    In addition to livestock and plant equipment, the suit says the Rubashkins' personal property should be considered collateral. A lawyer for the company did not immediately return a call seeking comment. (USA Today -- Money)

    More Granite Park sites up for auction  Jun 24, 2009
    The collateral is the 18 acres, and the city could take possession of the land if it pays off the loan and forecloses. Wednesday's trustee sale is the latest bump in the road for Granite Park, originally envisioned as a mixture of offices, entertainment and retail uses. (Fresno Bee)

    CORRECTION FROM SOURCE: Clairvest Reports Fiscal 2009 Fourth Quarter and Year-End Results  Jun 24, 2009
    "Clairvest filed a new normal course issuer bid enabling it to make market purchases of up to 797,678 of its common shares in the 12-month period commencing March 6, 2009. As at June 23, 2009, Clairvest had repurchased a total of 5,709,578 common and non-voting shares over the last six years.Subsequent to year end, Clairvest declared an annual dividend of $0.10 per share, which will be payable July 27, 2009 to common shareholders of record as of July 10, 2009. This is an eligible dividend for... (CCNMatthews Press Releases)

    In English, Please: FOMC Meeting  Jun 24, 2009
    The Federal Reserve has launched the Term Asset-Backed Securities Loan Facility to facilitate the extension of credit to households and small businesses and anticipates that the range of eligible collateral for this facility is likely to be expanded to include other financial assets. The Committee will continue to carefully monitor the size and composition of the Federal Reserve's balance sheet in light of evolving financial and economic developments [FOMC put a more precise date by autumn... (Fox News)

    Canadian Stocks Fall on World Bank Growth Forecast; Suncor, Barrick Slide  Jun 23, 2009
    The Toronto- based retailer had the rating on its senior unsecured notes downgraded to Ba1 from Baa3 by Moodys Investors Service, which cited the release of collateral in connection with the maturity of the companys revolving credit facility. Methanex Corp. fell 7. (Bloomberg -- Canada)

    AIG Trading Partners Put Collateral Squeeze on Insurer Before U.S. Bailout  Jun 23, 2009
    5 billion in collateral paid by AIG in the 15 months before the September bailout ... Banks that bought swaps as protection against losses on mortgage-linked assets demanded cash collateral as the market value of the securities plunged last year, overwhelming AIGs ability to pay ... Including collateral from before and after the rescue and payments made by Maiden Lane III, a vehicle created by the Fed to retire the swaps, Goldman Sachs received about $14 billion from AIG, Societe Generale got... (Bloomberg -- US)

    Barack Hoover Obama?  Jun 23, 2009
    The collateral damage from a real liquidation would be far worse for working class communities in the Midwest than what is likely to result from the government-organized Chapter 11 bankruptcy restructurings. The argument that one of the most ambitious government interventions in American industry in the history of this country is actually a sellout of the working man is just ludicrous. (Salon)

    Italian job: Mystery surrounds the $134bn suitcase  Jun 23, 2009
    Banking analysts, say the answer is that the bonds have been used in the past as collateral to open credit lines with banks and other lenders. The borrower takes the money, and then disappears. (BBC News -- Business)

    Corporates dump agencies as expensive ratings lose currency  Jun 23, 2009
    Fundamentals-driven investors with robust analytical resources can adapt to the shift, but managers of collateralized loan obligations (CLOs) restricted by obsolete regulations are finding it harder to accommodate ... Ratings proved instrumental to the proliferation of CLOs earlier this decade, largely because CLO managers earned fees based on the amount of bonds they sold rather than on the performance of underlying collateral. (FT.com -- Markets)

    Key issues in meeting on financial crisis  Jun 22, 2009
    But developing countries which have no role in causing the crisis have suffered the most collateral damage, with a loss of 6 percentage points of gross national income as their economic growth is expected to fall from 8. 3% in 2007 to 1. (The Star Online, Malaysia)

    More of this story  Jun 22, 2009
    kawiseguy wrote on Jun 21, 2009 1:02 PM:" Two people are dead and the collateral damage to the families is devastating, yet Tutuwahine338 tells us "IT DOESN'T MATTER WHO WAS AT FAULT." What an absurd comment. Tell the victims' families that it doesn't matter. This wasn't an "act of God. " From all that I've heard and based on the newspaper accounts, it appears to be a case of reckless endangerment. A witness or witnesses obviously saw what happened and the details of the events that preceded the... (Lihue Garden Island, HA)

    Fed Mulling Revamp of Repo Market: Report  Jun 22, 2009
    As the value of the securities falls, clearing banks have an obligation to demand more collateral to avoid losses. But in doing so, they could destabilize a rival. (ABC News -- Wire)

    Derivatives Get Second Look From U.S. Lawmakers Who Passed Before Meltdown  Jun 22, 2009
    One of the key underlying problems in the whole lead-up to the meltdown was too much leverage, too little capital or too little collateral, , a staff director for Senate Agriculture Committee Chairman , said in an interview ... Such an arrangement would subject the contracts to margin and collateral requirements ... Unregulated hedge funds, energy companies and other corporations whose activities in those markets create large exposures to counterparties could also be required under... (Bloomberg -- US)

    Goldman Junk Credit Nightmare Shared With Morgan Stanley Fades From Market  Jun 22, 2009
    Chief Financial Officer spoke almost hourly about the firms liquidity and funding with Group Treasurer , as well as with , who runs secured financing, and , head of collateral management, according to a person with knowledge of the situation ... Goldman Sachs CFO , who was preparing to report his firms third-quarter the day after Lehman went bankrupt, mobilized hundreds of employees around the world to comb through the firms funding and collateral agreements to ensure it would have... (Bloomberg -- US)

    Financial collapse of luxury-resort owners  Jun 21, 2009
    For years they ran it together, installing the caviar bar in the clubhouse, and giving the 75 ski runs names like "Learjet Glades" and "Ebitda." Then in 2005, despite assurances to members that Yellowstone would never take on debt, the Blixseths obtained a $375 million bank loan from Credit Suisse by pledging the assets of the club as collateral. That, Edra Blixseth says, is when the trouble began. (San Francisco Chronicle -- Business)

    Credit Card Transfer or Consolidati...  Jun 21, 2009
    However, turning unsecured into secured debt is rarely a good idea as it gives creditors collateral. Should an unsecured consolidation loan not be available, a is preferable. (Suite101.com)

    US$11.5 Million to be Blown on MPs Cars!  Jun 21, 2009
    The Presidents word is also as valid collateral he cannot vanish any day, so in case of default, the financial institution (the lender) would be guaranteed payment of the dash ... When he was going to take more than US$3 million from the National Investment Bank to buy that hotel near his fathers house because he was the son of the then President, he neednt have to provide a thirteen bedroom house at Manhattan as collateral for the loan. (Ghana Web, Ghana)

    Theater fell to a medley of misfortune  Jun 21, 2009
    Fellows s wife, April, did loan the theater $400,000, using as collateral a house the theater had for actors staying in town. Meanwhile, Ivan had a staff revolt on his hands. (Boston Globe)

    'Volkswagen sees positive Q2 results'  Jun 21, 2009
    "If we give a loan, enough collateral needs to be there. Loans can only be given at an arm's length principle. There are no exceptions," he said. Porsche amassed a 9 billion euro debt 00004000 pile in an aborted attempt to acquire 75 percent of VW votes, and has looked to rescue itself by uniting with its cash-rich subsidiary. (India Times)

    Storm's weird demise  Jun 20, 2009
    What about all those bank promises about margin loans helping you to preserve capital used as the collateral for a loan. As Storm Financial investors found out to their great expense, they were sold up too late and left with nothing or in about 200 cases left owing the banks money Preserving capital indeed. (Sydney Morning Herald -- Business)

    xxxxofjeffcity  Jun 20, 2009
    ctygrl4ever wrote on May 9, 2009 6:52 PM:" tracey....I know that your comments were directed at smart guy but I feel compelled to join in....yeah.....If everyone is so up in arms over the actions or lack there of, by the owner of this establishment, let's look at it logically. Does anyone want to go into a business that advertised itself as one thing but really.....we have another little business we operate out back...I as a patron not "invited" to attend these little extras , am ignorant to the... (Jefferson City News Tribune, MO)

    Foreclosure bug may spread in Memphis  Jun 20, 2009
    Now, if they can find financing at all, lenders are asking them to have 85%-90% equity in the property and put up personal guarantees and all sorts of other collateral, Humphreys says. Refinancing properties has become much more difficult. (Memphis Business Journal, TN)

    The Citizen's Cinema  Jun 20, 2009
    TheCitizensCinema wrote on May 4, 2009 8:51 PM:" "Caprica" - like the Sci Fi series from which it spun off, "Battlestar Galactica" - begins as a movie. Set 50 years prior to "Galactica's" human holocaust at the hands of the Cylon robot race, "Caprica" documents how the Cylons were created. Whereas "Galactica" was an ensemble drama, "Caprica" is structured as a family drama. Its straight-to-DVD pilot, released in late April, centers on the conflict between Joseph Adama (Esai Morales), father of... (Auburn Citizen, NY)

    Jobless rate high  Jun 20, 2009
    For those who are wanting to start their own businesses, Testi said it is important they have good credit, they have good collateral and a good business plan. Check out more local news at. (Ontario Argus Observer, OR)

    Standard Parking Corporation Announces Election of Timothy J. White to the Company's Board of Directors  Jun 19, 2009
    As previously reported, on May 15, 2009, GSO Capital Partners LP, and its affiliates collectively became the Company's largest stockholder, as a result of the foreclosure on shares pledged as loan collateral and previously held by Steamboat Industries LLC and its affiliates, the Company's former controlling stockholder. Jim Wilhelm, the Company's Chief Executive Officer, said: "We are very happy to have Tim join our board. He knows the parking industry quite well and has followed our Company for... (Primezone Releases)

    Some Bank of Japan Board Members Said Exit Policy Up to Markets, Economy  Jun 19, 2009
    It has also offered to lend to commercial banks limitlessly in exchange for sufficient collateral. The programs expire on Sept. 30. (Bloomberg -- Japan)

    Chatham Financial Comments on Proposed OTC Derivatives Regulation  Jun 19, 2009
    The letter lists concerns over regulations that might limit access to customized derivatives or impose onerous collateral requirements on the American businesses that use OTC derivatives responsibly to hedge fluctuations in interest rates, foreign currency exchange rates, and commodity prices. These concerns are directed at certain proposals mandating clearing and exchange-trading for all OTC derivatives. (PR Newswire)

    Blend Images Announces the Launch of Rights-Managed Flex Packs  Jun 19, 2009
    There are 7 Flex Pack options to choose from: All Marketing Pack, Collateral Pack, Advertising Print/Product Pack, Advertising Indoor Display Pack, Advertising Outdoor Display Pack, Digital Pack (Mobile, Interactive, Web), and All Internal Use Pack. Each option provides unlimited usage within the specified territory, industry, and time period selected. (Yahoo! Wire -- Entertainment News)

    Is Steven Chu too much of a techno-geek?  Jun 19, 2009
    " Some fine Internet sleuthing by Cannon discovers numerous references in the Phillipines to a stash of mysterious "Federal Reserve Bonds" dating back to the 1930s. There's even a YouTube video produced by the cult documenting a hoard of these very bonds some of which are worth $500 million a piece. Which brings us the only new details reported over the weekend in the English-language mainstream press. The seized notes include 249 securities with a face value of $500 million each and 10... (Salon)

    Army offensive threatens Pakistan itself: Imran Khan - Yahoo! News  Jun 19, 2009
    "When the true horrors of the collateral damage are known ... the Taliban will have won" through new recruits, Khan said. Khan, a longtime critic of how the United States has executed its "war on terror," said Pakistan should not necessarily target self-described Taliban, whom he characterized as a local political movement. (Yahoo News)

    Lack of will tangles ex's estate  Jun 18, 2009
    DEAR N.G.: Aside from monies borrowed using your home as collateral (mortgages, home equity loans, etc. for the ordinary citizen interest is not deductible. (Orangeburg Times and Democrat, SC)

    Archives: Collateral

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