Critics are gaining steam in the controversy surrounding the Bean Stearns finance loan buyout that saved the company from completely going under. Many former high ranking officials are speaking out about the finance deal that rescued the company, calling it one of the biggest mistakes that the government could have made. Although government officials were […]
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Finance Company Seeks Buyers for Debt
Posted on April 23rd, 2008 by Bright Light
Deutsche Bank, one of the largest finance companies in the world announced this week that they are seeking buyers for their LBO debt. Analysts believe that this move is in response to the fact that the finance company is currently holding more debts than any of their competitors. If they can sell off a portion […]
Watchdogs Set Sights on Finance Companies
Posted on April 16th, 2008 by Bright Light
New Zealand watch dog organizations are setting their sights on finance companies that offer payday or quick loans to consumers. Many of these companies have been accused of charging as much as 400% interest on their loans and caps are being encouraged to drop this amount to less than 40%. However, although consumers appreciate the […]
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