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With $160M In Debt, iAnthus 'Working Diligently' To File Financial Statements
Saturday, June 13, 2020 - 8:00am | 273Read More...Multistate cannabis operator iAnthus (OTC: ITHUF) (CSE: IAN) may suffer a stock trading suspension due to its delayed financial reports. The New York-based company expects to default on interest payments. It's "working diligently to file the Required Filings as soon as...
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JPMorgan Will Only Accept Small Business Loans Under Federal Scheme, Suspends All Others
Thursday, April 9, 2020 - 5:29am | 680Read More...Other than loans under the Paycheck Protection Program, JPMorgan Chase & Co. (NYSE: JPM) will not accept any other small business loan applications until further notice. What Happened JPMorgan’s consumer head Gordon Smith informed President Donald Trump on Tuesday the bank had...
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What Record High Stocks Mean For The Small Business Loan Market
Thursday, November 21, 2019 - 8:30am | 661Read More...Stock market indices continue to hit record highs in the United States. On Nov. 8, the Down Jones Industrial Average closed at an 18.7% increase since Jan. 1. The S&P 500 and Nasdaq closed with a 23.4% and 27.7% yearly gain, respectively. While this is a good thing for investors, what about...
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Wedbush Double Upgrades LendingClub After 'Significant' Business Improvements
Wednesday, May 8, 2019 - 11:34am | 316Read More...LendingClub Corp (NYSE: LC) reported Tuesday first-quarter results that shows the company made "significant gains across all fronts" over the past three years, according to Wedbush. The Analyst Wedbush's Henry Coffey upgraded LendingClub from Neutral to Outperform with a price target...
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CNFinance's IPO: What You Need To Know
Tuesday, November 6, 2018 - 4:28pm | 383Read More...Chinese lender CNFinance is set to begin trading on the New York Stock Exchange under the ticker symbol “CNF.” The Details As of June 2018, the company has over 10 years of loan service experience, 75 branches and sub-branches in over 40 cities and a loan origination volume...
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Wall Street's First Reaction To Newly Public Fintech Firm GreenSky
Monday, June 18, 2018 - 1:40pm | 557Read More...Fintech company GreenSky LLC (NASDAQ: GSKY) traded on a public market for the first time in late May. The equity's "quiet period" expired Monday, and multiple Street analysts released research reports to clients. The Analysts Sandler O'Neill's Christopher Donat...
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3 Potential Catalysts For Ellie Mae
Wednesday, October 18, 2017 - 11:03am | 349Read More...Analysts at RBC Capital Markets turned bullish on Ellie Mae Inc (NYSE: ELLI) ahead of three potential catalysts that will present themselves in the near-term. The firm's Ross MacMillan upgraded Ellie Mae's stock to Outperform with a price target boosted from $90 to $105. A Sector Perform...
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Are You Losing Yourself In Loans?
Monday, November 21, 2016 - 2:03pm | 686Read More...Without a proper payback strategy, acquiring loans may send your credit down the drain. Bankrate suggests that reasons for debt can range from medical bills to divorce to not understanding the mechanics of cash flow and the importance of saving. Whatever the reason or combination of reasons,...
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Amazon, Wells Fargo End Short-Lived Partnership Offering Discount Student Loans
Thursday, September 1, 2016 - 10:24am | 377Read More...Amazon.com, Inc. (NASDAQ: AMZN) and Wells Fargo & Co (NYSE: WFC) have ended their student loan partnership, just over a month after its announcement, according to a report on Bloomberg. Bloomberg cited Catherine Pulley, a Wells Fargo spokeswoman, as saying Wednesday that the "promotion for...
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Can Record-High Loan Originations Protect First Republic Bank's From Low Interest Rates?
Friday, July 15, 2016 - 1:58pm | 357Read More...BMO said First Republic Bank (NYSE: FRC) is a high-quality bank that is likely to be a main beneficiary of lower long-term rates. The firm maintains a Market Perform rating on the stock. The second quarter was a record loan production quarter for the bank, with originations of $6.5 billion, up 11...
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Subprime Auto-Loan Crisis Near? U.S. Government Wary Of Risky Car Loans
Wednesday, July 13, 2016 - 7:58am | 321Read More...The auto industry has been exploding, but it's not all good news. Thanks to the proliferation of auto lending by the big manufacturers, which have topped $1 trillion, the U.S. government is becoming increasingly wary of risky auto loans. According to a CNN Money report, "The Office of the...
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Do Kids Need Credit?
Wednesday, July 6, 2016 - 3:40pm | 1004Read More...Credit is one of those notoriously confusing financial vehicles. It's the bane of many people's existence, but it is also all-but essential for financially independent survival. It's a device that can hinder or help future financial investments, and the decisions made that have reciprocal...
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Betting On Bank Loans Again
Tuesday, May 17, 2016 - 7:36am | 582Read More...Investors continue hunting for yield, and with the Federal Reserve pausing on hiking interest rates to this point in 2016, some previously beloved high-yield asset classes that came under pressure amid last year's rate hike speculation are again being embraced. Floating Rate Notes, Senior Loans...
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6 Most Influential Loans of the 21st Century
Friday, June 8, 2012 - 11:29am | 65Read More...When you're big, they call it a bailout. Take a look at some of the most influential bailouts of the 21st century. Image courtesy of Plain Green Loans
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Short Sales and Loan Modifications: A Drag or Life Line for the Housing Recovery
Sunday, November 13, 2011 - 3:49pm | 2478Read More...It's no secret that housing has problems. I am reminded of the old Pogo cartoon, "We have found the enemy and he is us!" Solutions remain elusive. One of the reasons for this is that the “housing market problem” is really a host of problems. A partial list includes home prices which continue to...
