Tag:
Loan Facility
Latest Headlines
Latest Headlines
Bank of America's credit card woes mount
JP Morgan Chase, Citigroup and American Express were among those who have taken advantage of TALF, the Fed's Term Asset-Backed Securities Loan Facility. Together, they've sold $21 billion in card-backed debt this year through the facility. But Bloomberg reports Bank of America has not been abl
Hedge funds redux?
The 2008 metrics for the hedge fund industry are well known: About 15 percent of funds shut down, according to Hedge Fund Research. Assets fell from about $2 trillion in 2007 to about $1.3 trillion now. But Fortune, among other media outlets, has picked up on the idea that a renaissance may be
PIMCO to launch TALF fund
PIMCO's irrepressible Bill Gross has long been an advocate of the government's attempts to shore up the market for toxic assets, saying there were solid returns to be had. This is more than political rhetoric, apparently. The world's largest bond fund manager has plans to launch a closed-end asset
Hedge funds can now borrow from Fed
The government is committed to keeping the wheels of consumer credit greased. To that end, it has launched a $200 billion effort to support the market for consumer receivables. The Fed announced it will "offer low-cost three-year funding to any U.S. company investing in securitized consumer loans
