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Exclusive: MGM secures $500 mln loan to expand film, TV slate

Reuters: Business News — Tue, 07 Feb 2012 02:11:04 +0000

LOS ANGELES (Reuters) – Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production.

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Greece on "knife edge" in push to agree bailout

Reuters: Business News — Sun, 05 Feb 2012 18:50:16 +0000

ATHENS (Reuters) – Greece’s prime minister scrambled Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default.

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Greece on "knife edge" in last hours to agree bailout

Reuters: Business News — Sun, 05 Feb 2012 13:50:04 +0000

ATHENS (Reuters) – Greece’s prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro ($171 billion) rescue, after his finance minister said just hours remain before the euro zone abandons the country to its fate.

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Greece says faces 24-hour deadline to clinch rescue

Reuters: Business News — Sat, 04 Feb 2012 23:00:29 +0000

ATHENS (Reuters) – Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday.

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Greece says bank recapitalization agreed, but issues remain

Reuters: Business News — Sat, 04 Feb 2012 16:20:03 +0000

ATHENS (Reuters) – Greece has agreed with euro zone partners on how to recapitalize Greek banks after a planned bond swap, but has yet to resolve issues related to labor reform and spending cuts in talks with lenders, the country’s finance minister said on Saturday.

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Greek PM tries to win backing from parties for reforms

Reuters: Business News — Sun, 29 Jan 2012 16:00:45 +0000

ATHENS (Reuters) – Greek Prime Minister Lucas Papademos met leaders of political parties in his coalition on Sunday to persuade them to back painful reforms demanded by the near-bankrupt country’s foreign lenders.

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Exclusive: Borrowers turn lenders as banks tap firms for cash

Reuters: Business News — Mon, 09 Jan 2012 15:30:38 +0000

LONDON (Reuters) – Blue-chip names like Johnson & Johnson , Pfizer and Peugeot are among firms bailing out Europe’s ailing banks in a reversal of the established roles of clients and lenders.

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Global regulators signal leeway on new bank liquidity rules

Reuters: Business News — Sun, 08 Jan 2012 22:31:09 +0000

LONDON (Reuters) – Global regulators vowed on Sunday to press ahead with tough new liquidity rules for banks from 2015, but in a move to head off opposition from industry, also said lenders can tap into safety buffers in times of stress.

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Bank shares rally to lead Wall Street higher

Reuters: Business News — Thu, 05 Jan 2012 20:20:24 +0000

NEW YORK (Reuters) – Stocks rose on Thursday led by bank shares as investors bet a stronger economy will help boost balance sheets of U.S. based lenders.

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Cordray: Consumer agency to target shadow banks

Reuters: Business News — Thu, 05 Jan 2012 18:41:08 +0000

WASHINGTON (Reuters) – In his first speech as head of the Consumer Financial Protection Bureau, Richard Cordray said his agency will immediately begin overseeing lenders outside the banking industry, and will take a tough stance against any financial players that break the law.

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