Foreign bank commercial paper volume falls for fifth week straight

May 28, 2010

Editor’s Note: The markets are on high tension mode right now.  We have a 16.6% drop from last month.  With the Greece bailout and possible Spain and Portugal, investors are seriously considering default as options these government might take to fix these distressed financial positions.   In this WSJ article, it mentioned a Spanish bank [...]

Read the full article →

U.S. commercial paper shrank for the week by $20 billion

March 4, 2010

Editor’s Note: This is an important statistic to watch, if the U.S. economy is really seeing recovery, we should see steady increases in the commercial paper market.  That would show that businesses are needing more short-term funding for operation like increasing production and payroll and that would show up in increases of issuance of [...]

Read the full article →

Former Merrill Lynch CEO John Thain appointed CIT chief

February 8, 2010

Editor’s Note: This is good news for CIT, they really needed strong leadership to turn around the large independent business lender.  Mr. Thain will have a large task at hand as well.  CIT has a large amount of outstanding debt and they are not getting TARP assistance in the commercial paper market.  He is looking [...]

Read the full article →

MBA Reports Increases in Commercial Loan Originations

February 3, 2010

Editor’s Note: This is an exciting sign for the commercial real estate industry.  After a 2+ year decline in loan originations this is big news.  This is the looming problem that people are looking at to see if it is going to really put it to the regional banks that have large exposure to this [...]

Read the full article →

Commercial REO Brokers Association To Host LA Dinner Meeting January 22 at LAX Marriott

January 19, 2010

Editor’s Note: I am thinking about flying down to this event and meet some of the players in the Commercial REO space being that this is the shoe that is dropping right now.  I talked to a good friend of mine that is a Hard Money guy and he said its just getting brutal out [...]

Read the full article →

Commercial foreclosures in Austin Texas soars 108% in 2009

December 30, 2009

2010 will be the year to watch in commercial real estate.  With all the talk of full recovery in 2010, we still have a declining retail market, high unemployment and commercial loans coming due.  If we can see the earnings come in where the market has priced them and jobs start getting created then maybe [...]

Read the full article →

Piper Jaffray starts $300 million dollar commercial paper program

December 30, 2009

Piper Jaffray Companies plans to start a $300 million commercial paper program, the investment bank said in a regulatory filing on Wednesday.The program will in part fund Piper Jaffray’s securities portfolio and provide general working capital, the filing said.
Piper Jaffray, which caters to small and mid-size business customers, is recovering from five consecutive quarters of [...]

Read the full article →

U.K. Fraud Office Arrests Six in Alleged Commercial Loan Fraud

December 10, 2009

U.K. prosecutors arrested six people and searched 19 properties in an investigation into suspected advance-fee fraud and rent fraud in the commercial property market.
The Serious Fraud Office is investigating a company operating as Gresham Ltd. and Gresham Finance (London) Ltd. that offered commercial loans of as much as 250 million pounds ($416 million), the London-based [...]

Read the full article →

← Previous Entries

Next Entries →