Corporate finance

Wall Street quietly telling companies not to draw their loans

03/30/20

Some corporations are willing to oblige, turning instead to new, pricier term loans or revolving credit lines rather than tapping existing ones, industry officials say.

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How cash-hungry firms could take $700-billion bite out of banks

03/18/20

Dozens of firms in industries most immediately hit by the virus and oil-price war — such as leisure, transportation, health care, energy and mining — have been drawing billions of dollars from existing credit lines.

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Banks urgently pitch investors on lending to needy companies

03/13/20

Investment bankers have are trying to drum up interest from investment firms and hedge funds to provide tens of billions of dollars in financing to companies in industries upended by the coronavirus.

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Lawsuit alleges PNC built payments product with stolen trade secrets

02/17/20

A Denver company says that the $410 billion-asset bank used its confidential information to create a copycat product and poach its customers. PNC is contesting the allegations.

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Bank CEOs push back on climate proposals; another company leaves Libra

01/22/20

Citi, Goldman chiefs say they won’t be pressured to stop financing companies based on carbon footprint; Vodafone bolts from Facebook’s digital currency project.

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