British consumer lender Non-Standard Finance (NSF) said on Friday it has agreed provisional terms with its lenders to convert 71 million pounds ($89 million) of secured debt into equity as part of a recapitalisation that would likely wipe out existing shareholders.
Japan on Friday approved a plan to build the country's first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to open in 2029, aimed at attracting domestic and international tourist spending.
Wells Fargo & Co on Friday beat profit expectations for the first quarter as the lender earned more from higher interest rates, while executives said the U.S. economy is strong but expected to slow in response to tighter monetary policy.
ChoiceOne Financial Services (NASDAQ:COFS – Get Rating) and BayCom (NASDAQ:BCML – Get Rating) are both small-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, dividends, risk, institutional ownership, valuation, profitability and analyst recommendations. Valuation & Earnings This table compares ChoiceOne Financial Services […]
British lenders expect to rein in the supply of new mortgages in the coming quarter but there was scant sign of a wider credit crunch following recent stress in the global banking system, a Bank of England survey showed on Thursday.