Home » Tag Archives: Banking & Finance

Tag Archives: Banking & Finance

Spreading fake news can result in fraud charges, SEC says

By BECKY GILLETTE On April 10 the Securities Exchange Commission  issued warnings for investors to be aware of fake news designed to drive up a company’s stock price. “When you read an article on an investment research website, be aware that the article may not be objective and independent,” the SEC said in an alert to investors. “For example, the ...

Read More »

(UPDATED) US stocks slip; an early gain in European markets fades

U.S. stocks are moving lower in late morning trading Thursday as investors look over a mixed bag of corporate earnings reports. Bond prices fell, sending yields higher. In Europe, stocks gave back an early gain driven by a rate cut and other stimulus measures announced by the European Central Bank. KEEPING SCORE: The Dow Jones industrial average was down 107 ...

Read More »

COMMERCIAL FINANCE 701 — Syndications: a super-sized credit facility with multiple lenders

To fulfill whopping credit needs, a corporate borrower may need to avail itself of a syndicated loan.  This article attempts to define, distill and distinguish this divergent financing vehicle. What is a Syndicated Loan or Loan Syndication? As too common in business jargon, “syndicated loan” and “loan syndication” are not precisely defined or uniformly employed terms.  To get us started, ...

Read More »

COMMERCIAL FINANCE 701 — Appraisals, cap rates & loan dollars

An appraisal is one of the most significant obstacles to a competent developer’s obtaining a commercial loan.  Once received, the anticipated appraisal chiefly goes unread – except for a few critical numbers.  This article discusses appraisals, cap rates and loan dollars. What is an appraisal? Not surprisingly, the feds have their own definition of “appraisal.”  At 12 CFR 225.62, the ...

Read More »

COMMERCIAL FINANCE 701 — Participations: One loan and multiple banks

H igh dollar projects and banks’ house limits are major drivers of commercial loan participations.  This article addresses why and how banks join together to make a single commercial loan. What is a loan participation? A loan participation is an arrangement among banks in which one bank shares part of its loan with one or more banks.  The arrangement is ...

Read More »

COMMERCIAL FINANCE 701 — Loan guaranties: Skin in the game

M any a furl-browed borrower has questioned a bank’s need for guaranties.  The borrower – excited about his can’t-miss venture – may be slightly offended that the bank even thinks a guaranty is necessary and, contradictorily, hesitant to put his net worth on the line.  Today’s bank – making loans at historically low rates but all too cognizant of several ...

Read More »

Jackson issues RFP in 3rd try for convention center hotel developer

The Jackson Redevelopment Authority is taking a third swing at getting a convention center hotel built. With the backing of Jackson Mayor Tony Yarber, the JRA late last month issued a Request for Proposals for a hotel of at least 300 rooms on Pascagoula Street across from the Jackson Convention Complex, an approximately 300,000 square-foot conventions and meetings center which opened ...

Read More »