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Collateral loan
Revlon lenders sue for theft of $ 1.8 billion secured loan
A group of investors accused Revlon Inc. of stripping its collateral as part of a "brazen" scheme to raise new capital. The lawsuit, filed Wednesday by UMB Bank, a subsidiary of Kansas City, Missouri-based UMB Financial Corp., claims…
The Kishore Biyani family may have violated the terms of the secured loan
Mumbai: The founding family of Amazon.com Inc's physical retail partner in India violated loan terms, according to people with knowledge of the matter, as market turbulence from the coronavirus pandemic adds to financial strains in the…
‘Clogging’ and the Double Collateralized Loan: Modern Finance Meets English Common Law |…
Reprinted with permission from the New Jersey Law Journal.
Mortgage loan structures that were considered “non-traditional†in the past have become commonplace in modern finance. For example, when a…
A new bank opens in Bulawayo. . . $ 50,000 unsecured loan for young people
The Chronicle
Nqobile Tshili, commercial correspondent
EMPOWER Bank officially opened its first branch in Bulawayo yesterday, pledging an unsecured loan of $ 50,000 to local entrepreneurs with viable project proposals on a first come,…
Cross loan: how does it work?
Imagine a scenario where you are willing to sell your car, which you now own for free, to have your lender tell you that you cannot sell it until you pay off another unsecured loan you have with the same lender. Essentially, the…