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Entries tagged "lending"Oppenheimer's Heinberg on a CIT Group bankruptcyA CIT Group Inc. (NYSE:CIT) bankruptcy would have an impact on middle market lending says Marshall Heinberg, the head of investment banking at Oppenheimer & Co. Citigroup approves $6B in lendingCitigroup reported that it provided $6 billion in new loans this quarter backed by the government's $45 billion Troubled Asset Relief Program infusion. If CIT is toast, could GE Capital be next?As CIT teeters on the edge, investors increasingly worry about embedded losses at GE Capital. Citigroup lends out all its TARP money?Citigroup is apparently using all of the money it received from the government TARP funds, $45 billion, to make loans. Fed to keep propping up debt marketsThe Federal Reserve Board decides that credit markets are still too fragile to be left on their own. GE plans to keep on lending in 2009General Electric Co. plans to do its part to get lending jump-started again in 2009, as the conglomerate said it will be extending financing to its industrial business customers in the areas of energy, transportation and water projects next year, even if the credit markets remain locked up. CEO Jeffrey Immelt told the Financial Times Thursday that GE Capital plans to originate $130 billion to $150 billion in new loans next year even if the buyers continue to stay away from debt markets. ... SBA unable to thaw credit freezeThe freezing up of existing lines of credit and the inability to get new credit is having a chilling effect. But according to The Wall Street Journal, small businesses who could traditionally turn to the Small Business Administration are finding that lending by the SBA has also dried up. ... Banks set Federal Reserve borrowing recordWith the bailout package receiving congressional approval, the Federal Reserve Board and Treasury Department are hoping that banks, which are hording cash, won't wait to release credit until the package actually is implemented. The restriction in credit is raising borrowing costs for customers. Additionally, the unwillingness of banks to lend to each other also has caused borrowing from the Fed to soar, with new records being set every week.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "lending." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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