Debt Management News Archive

14-Nov-2008

 

  • New Star accepts tougher debt terms as assets sink (Reuters via Yahoo! UK & Ireland News)
    Fund manager New Star Asset Management Group on Friday said it has accepted tougher terms on its bank debt amid accelerating outflows and volatile markets.


  • Couple doesn't find relief with debt management company (Community Press & Recorder)
    Attornies general from around the country continue to get thousands of complaints about debt relief companies.


  • Callcredit Creates Debt Map of UK: East London is Worst for Debt Management (Business Wire via Yahoo! Finance)
    LEEDS, England----East London has today been ranked as the most indebted region in the British Isles according to a new debt ranking developed by credit reference agency Callcredit1.


  • GE says gets FDIC backing for $139 billion in debt (Reuters via Yahoo! News)
    General Electric Co has secured the temporary backing of the Federal Deposit Insurance Corp for up to $139 billion of the debt of its finance arm, a spokesman said on Wednesday.


  • New Star Renegotiates Debt Agreement After Assets Fall 28% (Bloomberg)
    Nov. 14 (Bloomberg) -- New Star Asset Management Group Ltd. , the fund company set up by John Duffield , agreed to pay a higher rate on its debt and said it will cut 20 million pounds ($30 million) of costs after assets under management fell 28 percent.


  • Regulators nix credit card debt forgiveness plan (USA Today)
    Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt.


  • ICICI Prudential Mutual has just introduced a scheme targeting very small investors in its debt schemes via Micro SIP ... (India Infoline)
    In a bid to offset depleting assets under management in their debt schemes, fund houses are adopting innovative marketing strategies.



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